As title states, was supposed to close the 15th. We didn’t hear any updates from our lawyer so we reached out last week for her to get us an update. The seller is now having trouble finding housing as they want to stay in the same school district and also going through a divorce. Now it’s a real possibility this can go past the legal 30 days. We’re in NY state. Our lawyer had the audacity to tell us we have no say in the matter and to “just stay with family and friends” if this goes past the 30 days. WTF?! I’m so mad I want to fire her. Is this not the totally inappropriate thing to say to your clients? Our lease is up July 1st. We gave our notice, we have nowhere to go and she says this?? submitted by /u/Effective-Tax-9183 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u083r9/seller_is_dragging_out_the_closing/

hello! my partner had a trust fund from her parents divorce and bought the house we currently reside in with that money. her mom was an executor of the trust so she had to be there with my partner to do the sale. my partner and her mom are the only two listed on the deed to the house because of this. we do not owe on the house and do not currently have a mortgage. we’ve been talking about the future, wills, and things of that nature. that prompted the conversation of the house as i would not legally have any right to the house if something should happen to my partner. my partner says the only way to get my name on the house is to get a mortgage in both of our names. i do not want to have a mortgage on our house at all but i don’t know a better way to go about any of this. do i really have to have something leveraged on the house in order to get some ownership? thank you in advance 🙂 submitted by /u/Open-Estate3233 [link] [comments] source https://www.reddit....

FTHB here. We are interested in purchasing a house, currently listed at $490k (originally $520k). House is a new build, sitting on the market for over 130 days. After seeing it with our realtor, we loved the house, but could also see why it was sitting for so long (steep hills make 2/3 of property unusable, road noise, far from the city, actual house size). Our realtor advised that the builder would probably take $475k, but we are having a difficult time seeing that price in this home (the fact that it has been on the market for this long shows others would agree). We are considering offering $440k. Whether how that is structured is up for negotiation ($460k + $20k concession, $450k + $10k concessions, etc.). Where I’m conflicted is this… if it was simply me and the builder negotiating, I would have no problem asking this price. But after asking the realtor’s opinion, and considering that she is the one that has to stick her neck out there for us, I am having a moral dilemma asking thi...

submitted by /u/jkrm1920 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tyqgpy/is_it_a_good_time_to_consider_purchasing_house_in/

How to buy a Real Estate at Auction..? this is not an advertisement. It is just a conversation on how you may buy a home or piece of land if you see the property advertised that option. Maybe I can help you out with some insight. I’ve been seeing a massive surge of the buyers interest in real estate auctions lately (especially with people trying to find deals in this market). But there is a terrifying blind spot happening right now: Many traditional real estate agents have absolutely no idea how auctions legally work. I can help clarify… you do not have to fire your Real estate Agent, just ask them to get informed… If you are looking to buy a property at auction, even though I can’t give you legal advice maybe I can give you some guidance…? Anyone , butler..? submitted by /u/AmericasAuctioneer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tyjews/questions_about_real_estate_auctions_unconfused/

First-time home buyer here having signed a contract on a property for $188K in WA with a pass/fail inspection (period runs through Monday). Inspection this week uncovered that the hot water heater broke and the space it's in and the subfloor are damaged with some mold. A quote to repair the space + install new hot water heater is ~$3K. My agent first suggested the seller would cover 1K, and I would cover 2K. Now she's suggesting an even split, and the selling price increases to $189,500. It seems like she's really not acting in my best financial interest. For one, she is the listing agent's mother. Furthermore, at the mention that I was thinking about getting an inspector outside her recommendation, she asked if she had offended me, and then claimed in a raised tone that "I am very ethical", which was pretty embarrassing, extremely unprofessional, and a manipulative pressure tactic even at its most generous. I did end up going with her inspector because h...

I bought my house in 2015 for $126k with an FHA loan. It’s now estimated around $213k, and I owe about $96k. I’m considering selling next year and renting for a while. I know rent may cost more than my monthly mortgage, but that’s not really the issue. I’m house-poor, carrying too much debt, and my margins are too tight. I’m 40 and down to less than $100 in my bank account after an emergency vet visit last night. My mother keeps telling me that if I sell, I’ll never own another home, and that renting will be a disaster because I’ll be at the mercy of a landlord. Why do people keep telling me this would be a huge mistake if the goal is to get out of debt and reset financially? submitted by /u/Agitated_Pudding7259 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ty231v/broke_and_thinking_about_selling/

Seller bought the house 10 years ago. they claimed no asbestos. seller strategically placed items all over the house to cover up holes and weird things including a heavy as fuck armoire blocking the attic access. once in the attic it was half done with new insulation and half filled with the original vermiculite. im confident that they very much knew about the vermiculite either when they got their inspection done or when the insullation guy dipped oit halfway through the project. this is Illinois so the inspectors are all licensed so their guy would have known. anyone ever deal with this? sorry for no caps, iPhone keeps turning it off… submitted by /u/Mobely [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1txzc8o/can_i_sue_seller_to_get_inspection_fee/

The text highlights a massive blind spot in the real estate industry: **many traditional real estate agents and brokers simply do not understand how real estate auctions work**, even though they are legally obligated to have "subject matter expertise" for the services they provide. According to Myers Jackson a “Real Property Auctioneer” says that The core can be broken down into a much clearer, actionable explanation of how real estate auctions operate and why the standard real estate rules don't apply. ### The Golden Rule: "The Fall of the Hammer" In a traditional home sale, you submit an offer, negotiate back and forth, sign a contract, and then use a contingency period (usually 30 to 45 days) to do home inspections or secure a mortgage. If you find a problem, you can re-negotiate the price or walk away. **Auctions completely reverse this timeline.** * **Before the Auction:** This is when *all* your homework happens. You must view the property, read the ...