when i visit SEA, i always heard about apartment building or houses rented out but the owner is somewhere in china or US. i have a fully paid off house in us, but my family is in asia and i plan to return there in the next few years. selling this house could prob net me 500-600k in the current market but that feels like a shortsighted decision. ive been renting it out for airbnb and its been quite successful, but can i continue that when i moved back to asia? how do those real estate bosses manage properties in diff countrries? i assume employees or a rental property management company. but how do they make sure they dont get cheated on by the management? submitted by /u/blade276 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vsw6op/how_do_people_manage_renting_out_their_property/

My fiancée and I have been looking for our first home for a little over a year now and I think we have both finally reached our limit of burnout. We bounced around open houses before finally getting an agent and lender and getting serious. For awhile we were figuring out what our range and must haves were and while tiring, we kept at it. Finally we found a house that was within our range in a really good area and for the first time, felt we had a serious shot at it. We made our first offer which was both exciting and down right terrifying, but really felt good about it. Sure enough, we were just outbid from our comfortable max range and left with nothing after all that emotional energy was put in. I know this happens all the time and we’re far from unique, but it feels we both need a reset. Main question is how often do you takes breaks to balance avoiding burnout, but also not often enough that you miss another opportunity. I’m not sure how long it’ll take as this is all a big first,...

We have a house on the East Coast that we try to spend a good amount of the summer at. Our primary residence is in LA, CA so the second home is not somewhere we’re back and forth to throughout the year, it’s basically just a summer home. This year we were there 7 weeks, last year it was closer to 2 months. We don’t rent it out, but we have family/friends who will pop in and stay there sometimes. We also have a property manager who keeps up the place while we aren’t there. It’s hard to justify only using the home <2 months out of the year, but when we are there, it’s a very special place to our family. My parents also live out there during the summer so my kids get to be around their grandparents more than usual. We’re not opposed to renting it out just scared of people being disrespectful, damaging, stealing, etc. submitted by /u/PassionChoice3538 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vryvnr/how_much_time_at_a_vacationsecond...

Am currently selling a house in the country. There have been price reductions, and now sits within the county assessed value and zillow estimate. The market in my area has been slow. Its vacant, and does need some things, Currently at just under $400, had accepted an offer of $10k less. After inspections the counteroffer was $105k less than that. It has a new roof, structurally sound. Does need updates. What concerns me is that the offer was from another agent in the brokerage I'm using. (specific no dual agency on contract) There was language included in the offer disparaging the property. It seems so off base I'm surprised it was even written up. It seems a bit shady. But I'm not familiar with the process, so am hoping for some guidance. Thanks for the time to read. submitted by /u/butchdog [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vrnrnd/concerns_about_agent/

I guess its more of a very long rant. TL:DR Tried to be as nice as possible, instead got a lot of headache, down on money and now thinking what to change next time. Changed payment dates to accomodate, bought furniture that they asked for, installed AC that also needed new power socket and line from breaker with my own money, fixed broken stuff next day without asking how it broke and paid for urgent repairs, ignored subrenting room to an undisclosed family member, allowed to pay half of rent in january with promise to pay the rest till the end of the year when the contract is up for renewall (without late fees), and in summary there were 4 instances of late or partial payment where I didnt ask for any late fees. In the end they notified me that they just had a new baby, asked to lower the price that is already 15% below market, said they will probably renew even if I dont lower (I havent increased in 3 years at all), and surprised me with less than two weeks notice that they are not r...

this is revised from my earlier post as yes I forgot to factor in everyone doesn't live alone, but 29% of people in 2024 do, 267,454,918 people in the US are age 18 and above. (267,454,918 x 29% = 77,561,926. take that number and subtract it by 267,454,918 to get 189,892,992 then divide by 2 and add the 77,561,926 back for a final total of 172,508,422) As of 2024 we had a minimum of 140,000,000 houses which means we are short 32,508,422 houses as of 2024. submitted by /u/NerdlinGeeksly [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vrhftp/i_calculated_how_short_we_are_on_housing_in_the/

I found a home and brought it to a realtor - house had been sitting on the market with multiple, major price reductions. I offered $775k on a house that was sitting at $799k. The day I made the offer, the seller's agent said that they 'just' got an offer because of an open house that was held and that I need to come back with my final best offer. My agent said that I should use an escalation clause - I had already waived inspection but she said i could waive mortgage contingency. I said NO as I am a first-time buyer. I escalated up to $818k - we were told the other offer was cash, but they seller's agent did not say what the other offer was and my agent did not ask what the other offer was. The seller then said he wanted $813k for the house and for me to pay, $5k to my agent, so coincidentally $818k :), the top end of my escalation clause. My agent said that he was negotiating dirty and never bothered to give me feedback on what to do - I gave her play by play and got i...

my actual day job is building 3D walkthroughs for real estate (specifically using gaussian splatting, which basically means mapping out a true 1:1 photographic capture of a space, not a fake 3D render). when agents use this to be completely transparent with out-of-state investors, it’s a superpower. it completely kills the "wide-angle lens" illusion. it shows you exactly how cramped a hallway actually is, which way the doors swing, and if the paint is scuffed. but recently, i’ve watched so many out-of-state buyers treat virtual tours like they are a replacement for a home inspection. guys, a 3D tour is amazing for spatial awareness, but here is the hard truth about what the tech mechanically cannot prove: the smell: a 3D scan cannot capture the black mold in the vents, the dampness in the basement, or the restaurant exhaust downstairs. the noise: you cannot see the HVAC humming like a jet engine, or the elevator shaft grinding right behind the master bedroom wall at 2...

I and my husband just purchased our first home on the MLS listing of our home. It stated that we were purchasing the home on 1 acre of land in South Carolina we had requested a survey before close and the executive team of my realtor dropped the ball, so here we are a month later and they are finally contracting the surveyor. The survey company came back saying that the parcel of land is only .49 acres and we are short .51 acres based off GLS. We still would’ve definitely bought our house but we definitely would’ve put in a lower offer for the lesser land. The seller also had disclosed that they hvac system had all new components and as soon as the first heat wave came, the system went out. Luckily our home warranty is working with us, but it came to light when the technicians came that that was completely false. None of the components were new. Is there any grounds for misrepresentation of the property? What can we do? submitted by /u/Visual_Fix_2 [link] [comme...