Not pricey please submitted by /u/ylfcm [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vb1sjf/our_office_of_eight_agents_50_active_listings_is/

submitted by /u/gonna-getcha [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vah34l/we_buyers_just_did_our_inspection_tomorrow_we/

I own a piece of property that shares a boundary with 2 pieces of property that the county owns. Each of the county owned properties boards my property and 1 other owner. The county contacted me and wants to sell the property. I was driving, so I don’t remember all the details, but he said I was the only land owner to take his call. I told him I was interested, he emailed me the county gis links , the county assess each for about $55k for tax purposes. Has anyone experienced this ? Anyone know the process? Will they sell it for the tax assessment or below? What if I don’t want it, does it go to open market? Any info would be great. I’m in Virginia. submitted by /u/Straight-Dot-6264 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1va9fvg/county_owned_property/

What kind of conversations will my agent be having with the listing agent after we put in an offer? Does the listing agent explicitly tell him what the other offers are or is it vague? Do they say how many other offers are on the table? Do they give an exact dollar amount that needs to be beat? What is revealed and what isn’t? submitted by /u/iloverats888 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1va4hgp/how_do_negotiation_conversations_actually_go/

https://www.urban.org/research/publication/why-funding-down-payment-retirement-funds-winning-proposition To determine whether these incentives make financial sense for aspiring homeowners, we compare returns on owning a home with average annual stock market returns measured by the S&P 500 Index from 1987 to 2025. We evaluate national homeownership returns on an all-cash basis and with two levels of leverage (20 percent down and 3.5 percent down) and for more active and passive refinancers, as well as returns in Detroit and San Francisco, markets that have been stereotyped as weak and strong housing markets, respectively. Borrowers with low down payments (e.g., 3.5 percent) who refinance whenever rates drop 1 percentage point achieve housing returns comparable with S&P 500 returns (table 1). Borrowers who wait until rates fall 2 percentage points earn slightly less than stock market returns. Homebuyers putting 20 percent down for conventional financing typically see returns ab...

After losing out on house number 4 due to our home sale contingency, I’m afraid we need another approach. Bridge loan is not possible. We need funds to close on the next house. Has anyone done this? We’re looking to see if a potential buyer would draw out the closing if needed or possibly rent to us for an agreed amount of time. It scares the hell out of me as we have 3 children & pets. We have family that we could move in with if absolutely needed, but I’d like to avoid moving twice. TIA submitted by /u/CheddarMoose [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v9c33l/anyone_sell_before_finding_a_new_home/

Already had an extension out in place because of a delay with the HOA about a roofing policy because I have an FHA loan. I have until tomorrow to close and my realtor told me I might lose the condo and the earnest money with it. The lender I have is still trying to figure this out but it’s not looking good. I feel defeated because I was told this was not an issue on my end at all. Do you think I can work something out with my lender on a new place or am I just about to throw 3k in the drain because of something that wasn’t my fault? submitted by /u/Awkward_Fortune_114 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v94tyo/about_to_lose_3k_in_earnest_money/

I fell behind on my mortgage last year after splitting with my ex and having to close the business we shared. My situation has dramatically improved since—I found work, got married and got back on my feet—but my mortgage company (Fifth Third Bank) wouldn’t accept anything other than the total past due balance after I was 120 days late, so the balance continued to grow every month because I couldn’t afford to pay it all at once. I began applying for their mortgage assistance program last year and have only just now gotten a decision from them. The problem is that they want me to pay the total past due amount over just the next four months, along with my regular monthly payment. My regular payment is around $1650, and they want me to pay an additional $5350 every month (total of $7k) for the next four months. I am not sure that I can come up with that and I don’t want to lock into something that I’m unsure of, especially knowing that if I miss or am late on a payment, they can start for...

I’m in a frustrating situation and wanted to get some outside opinions. I’m the treasurer of a small condo complex that I also own a unit in. Since joining the board, I’ve helped restore the financial health of the HOA and significantly improve the appearance of the property. Because I know the complex inside and out, I’ve been offered several opportunities to buy units at prices well below their appraised values: One owner wants to sell me her unit for $70,000, even though it appraised around $107,000. Another board member was willing to sell me multiple units for $350,000, with a combined estimated value of $450,000–$500,000. There’s also a unit headed toward foreclosure that could potentially be purchased for around $40,000, despite being worth roughly $100,000. In a best-case scenario, I could end up buying 8 units for about $460,000 that are collectively worth around $650,000–$700,000. About half are already rented, most need little to no renovation, and projected cash flow ...