Does anyone know if there are any sort of loopholes or caveats to CA prop 19 where a grandchild can assume the property tax of a grandparents home. The grandparent is deceased, the grandchild has been living in the home (while the grandparent was alive) for 2+ years, the home is also under prop 13 tax as well. Additionally if there’s no scenario where this can happen, can the parent (child of grandparent) and grandchild be on the title together? submitted by /u/djnatdred [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t6yo4j/ca_prop_19_grandchild_question/

is this legal? what are the pros and cons of purchasing a home where the seller raises the price then pays your closing costs? florida submitted by /u/CrazySmooth [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t75nd6/closing_costs_built_into_price_of_home/

I realize this is more or less impossible, but currently in a situation representing a buyer on the purchase of a home that isn’t fully compliant with the neighborhood’s CC&Rs, and wondering what’s the best way to go about this. The CC&Rs are black and white, but plenty of homes don’t meet the full requirements and there’s little enforcement aside from major issues. We asked seller for a letter from the HOA verifying compliance. The developer said they saw no “major” issues. We know there are plenty of little things that would add up if the HOA ever decided for whatever reason that all properties needed to be brought into full compliance. We followed up with listing agent asking for a list of violations and what enforcement would look like. Listing agent is afraid of opening up a can of worms. It’s unlikely that the seller would address anything before closing, but equally as unlikely that any noncompliance would be enforced or even addressed by the HOA. But five years down th...

We have an offer to sell our duplex in NH, but the buyer has a contingency to close on their property before the sale of our property completes. The real kicker here is that the buyers property is a commercial property that has been under escrow for several years as part of a large project by the state. The closing on the sellers property is supposed to close next week. So it seems very close. The evidence they gave for funds was the P&S of their commercial property plus an e-mail from the attorney about their close date. The offer is fora little over asking with an inspection/pest inspection contingency. We are a little antsy because we already had another offer fall through over financing. What else should we look for/ask for before we sign? submitted by /u/jascentros [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t69clx/nh_selling_duplex_in_ma_with_buyer_contingency/

I have an accepted offer on house being sold by an estate “as is”. I added an inspection contingency in my offer. The seller’s attorney and agent tried to talk me out of an inspection, which I found suspicious. The inspection was a disaster with several major issues and dozens of minor. I am fine with the minor issues but the major foundation and structural issues are $25-$30k minimum to repair. I requested a credit at closing for half the repair costs which I feel is reasonable. They refuse stating they have a backup cash/no inspection offer. Here is my question: Once the written inspection is provided to the attorney, agent and sellers, aren’t they now legally obliged to provide that to any interested buyer? An estate doesn’t have to provide a condition disclosure because they simply can plead ignorance but the inspection notifies them. I must mention that the selling price is right around current market value so adding $30,000 in repairs would not be a bargain. submitted b...

Hello, r/RealEstate I need some advice. I recently accepted a job in another city. My family and I will need to move about six hours away from where we currently live. We're currently in a suburb of St. Louis. Basically, we do not have the time or money to put much into our house to get it ready to sell. As far as we are aware, there isn't anything major wrong with the house. The roof is about seven years old and we've had no issues with leaking. The HVAC works perfectly fine. There are some hairline cracks in the basement wall, but none of them are deeply concerning as far as I am aware. There are a bunch of medium and small repairs and renovations that we'd love to do if we had more time and more money to work with. I consider medium repairs to be anything between around $500 to around $5,000. And small repairs are anything under $500. These are just my rough categories. Medium repairs/renovations: replace awful concrete counters and sink in kitchen landscapi...

Genuine question here, not just trying to bash anyone. I don't understand the value that they add. Situation 1: I want a small piece of raw land for sale. It would be an all cash transaction. I don't need inspections or zoning approval or anything of the sort. Just heres money, give me land. I email the realtor, no response. I wait a week, then email again. No response. I call during business hours, no answer. I leave a voicemail. I wait about a week then find the owner/seller on Facebook and message them about it. It's been on the market over a year, but apparently they have had "zero interested buyers." I tell them that I want it, I'm happy with the asking price, but can't get in touch with the realtor despite calls and emails. I give the seller my info and ask her to pass it on to the realtor to contact me. She says that she did, but I never hear from the realtor. I call and email the realtor again. No response. I posted about this frustrating e...

My husband doesn’t have the best credit history, and I’m a SAHM, but his income is good. With a no down payment program we qualified for $200k. And there’s just…nothing in our area for that price. I knew the market had gotten bad but this really gave me a reality check. In 2021 I was approved for $125k. And I had options with that. Ended up with a decent house that didn’t need any work. Now 5 years later $200k and there is nothing but trailers on land? We are in small town Indiana. Not the city or anything like that. We are discussing buying one of these crappy $200k homes and trying to fix it. I am concerned about actually being able to afford repairs. Everyone keeps saying the market is going to come down, it’s going to have to crash, etc. but I’ve been hearing this for years. Is it actually going to happen? Edit bc I’ve been asked the same thing a few times: The house I bought in 2021 was sold in 2022. There were extenuating circumstances and it was the best case scenario. No it ...

I was curious what the rising costs of renting versus owning were. Talking to home owners who says their monthly rates don't go up but renting does. This doesn't take into account rising taxes, maintenance and insurance costs. I compared 3 markets (florida, ohio, california) and this is the quick recap (time frame: 2020 - 2025): Of course, each market are quite different. Cost increases were higher for home owners in florida, slightly higher for renters in ohio, and lower for rent controlled renters in california (about the same for non rent controlled) This was eye opening for my friends because it dispells the myth that once you buy a house, your ownership costs do not increase. Side-by-side comparison Market Rent Increase (Typical Annual) Homeowner Cost Increase (All-in) Who gets hit harder? Fort Lauderdale 5–9% (volatile spikes) 6–10%+ (insurance-driven) Homeowners (long-term) Columbus 4–6% (steady) 3–5% (stable) Renters slightly Los Angeles 1–4% ...