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Help with house value

We are in the midst of attempting to buy a new house for our family. My wife and I are both 39 and our third child is coming in May. We purchased our first house new in 2012 for $244,000. It is 2300 square feet which is a nice size. However, the square footage is used quite poorly. Huge family rooms, terrible closets and storage. The house we are looking at building is 3596 square feet and will cost around $695,000 all in. This comes out to about 193/sq foot. Slab foundation, 3 car garage, master on main, 5 BR, 4 BA, good school zone, not a bad lot (neighborhood greenspace on one side and behind and another house on other side). Does this seem like a good value? We think it is pretty good since most of the houses in this zip code are usually like $1,000,000+ nowadays. However, this is still a lot of money so wanted to ask. If this is not the place for this type of question , I will delete and move along. Tennessee. submitted by /u/PenguinRhin0 [link] [comments] source ...
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Listed yesterday

In the PNW. Listed our 1800 ft2 1933 renovated house. Agent convinced us to list at a higher pr8ce than I would have. Have 57 saves in less than 24 hours, which I think is stellar. Two showings scheduled. Open house on Saturday if we get there lol. We are motivated sellers but own it outright. Being very bearish on the economy I want to sell it fast so told agent will look at any and all offers. This is my 7th actual house sale so we are not rookies. Will not accept any contingent offer (other than financing if pre-approved) No inspection contingency should keep the Karens away. Probably the last real-estate deal I'll ever do submitted by /u/TJMBeav [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ssmejz/listed_yesterday/
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Questions to ask listing agent when viewing a home that went back on the market after pending contract?

I know the listing agent doesn’t have to answer everything but I’m wondering what questions we should at least prep to ask them when we go to see the home? It fell out of contract at least 3 weeks after going under contract which makes me believe it had something to do with inspections / negotiation. However, it was relisted for 15k more than the initial list price. Agent claims home went out of contract because the sellers felt they could get more which I think is BS. We had initially put in an offer on this house and the agent said they had offers closer to ask (our offer was under) - at that time, we chose not to bring up our offer though we did love the house. The listing agent claims the inspection report didn’t have any major flags but and of course we’ll get an inspection done ourselves if we go through with putting in an offer but I wanted to do our due diligence prior as well. Separately, the house has a paid off solar pane lease - anything we should ask about there? ...
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Is it normal to ask a seller to provide an itemized list of renovations?

Hi, all! I am interested a two-family house that has a renovated basement being used (illegally) as a third unit. The basement has undergone extensive renovations, including the addition of a small kitchen and bathroom as well as tiled floors. The two upstairs units have also gotten cosmetic renovations (eg, floors, bathroom, kitchens). Because the basement is not legally “livable space,” it has been excluded from the sq ft calculation, which is 1,672 sq ft. The house sold in 2022 for $277k and is now being listed for $599k. I think that is overpriced given the fact that the legal livable space is 1,672 for a two-family, but the seller seems to be pricing in the basement renovations to the list price. A key detail is that the house was built in 1897 and the only plumbing updates have been for the bathroom renovations in units 1 & 2 & basement. I’m also not sure of the ages of the electrical or heating units. The water heaters will need to be updated soon (one for each unit)...
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Replacing cat damaged carpet

My realtor suggested we replace the carpet in our house before listing as it is well loved and quite damaged in some areas from our cats. They ideally want us to recarpet the whole house but said downstairs is the priority as it’s the first impression. Most of the damage is upstairs/on the stairs. I’m hesitant to do this because moving the furniture seems like a huge task that I am frankly not up for AND I’m concerned our cats will just damage the new carpet. I suggested offering a credit for the flooring but they think replacing the carpet would be more appealing than the credit. I’m somewhat open to doing the downstairs but really don’t think I can handle a project like the upstairs as we would have to move everything downstairs and then back up. So it seems silly to replace the downstairs when buyers may want a credit anyway after seeing the damage upstairs. submitted by /u/Wrong-Wall-6732 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sropt1/re...
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A fair critique!

The Keller Williams model is heavily built on “teams” and internal profit-sharing, which can lead to a culture where agents prioritize internal transactions (keeping the deal “in-house”) over finding the best external fit for a buyer. submitted by /u/peppy-mint [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1srkvup/a_fair_critique/
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Need help. Commercial lender refusing to release appraisals to new lender

I have a large deal with appraisals that I paid $2,150 for. The old lender misrepresented closing costs one day before closing, so I told him I’m shopping the loan. Found a new lender immediately who was willing to close using the same appraisals. The old lender is acting like a baby and refusing to release the appraisals that I paid for. I reached out to the appraisal company, and they’re also refusing to release them without the old lender’s permission. What can I do here? submitted by /u/NukeyHov [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sqsv40/need_help_commercial_lender_refusing_to_release/
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Requesting to move in early

I know this probably is looked down upon, but me and my kid have been living in hotel for nearly a month already. I just retired from the military, and they messed up orders causing a 3 week delay. The USAF had stopped retirement orders starting 1 April, I had requested retirement before that but someone couldn't read the orders. I'm trying to find the best way to move in just 2 weeks before the close out date, and not be a risk to the sellers and be fair to both parties. We wouldn't move any furniture except 2 inflatable mattresses for us to sleep on. My daughter needs to get back into school but it requires a residential address to attend, and a hotel won't work. submitted by /u/Caldersson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sqsepg/requesting_to_move_in_early/
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Writing an offer with about $17k of concession funds

…and I’m quite torn on how to use it. On the one hand, I could dump it all into points and buy down to 5.49%. That lands me right on a comfy payment number. But the break even period is about 5.5 years, and my credit union does dirt cheap ass refinances. If I used it towards closing costs I could finish the new place’s basement sooner. I’m super open to opinions here. submitted by /u/c0LdFir3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1spuw8a/writing_an_offer_with_about_17k_of_concession/
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Everything is overpriced

Im talking “values“ up 50-100% since Covid in my neighborhood. I’ve toured a few where everything is still original from when the houses were built in 1992 (like original jetted tubs and builder grade bathrooms, 8-10 year old kitchens and roofs). All are asking over $800K when they sold in 2015 for $3-400K. I just sold a house where we had remodeled every major room (kitchen, baths, floors, roof, HVAC) and felt justified in our markup. But it’s crazy now to see sellers asking for that markup for just a few basic maintenance items. Yet most of these sellers are willing to just sit and wait it out until they find a desperate buyer. Several have sat on/off market for close to a year. I’m frustrated (and jealous). I’d like to upgrade my home but I can’t justify these values. submitted by /u/Technical_Quiet_5687 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sptgh5/everything_is_overpriced/
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