Skip to main content

Posts

Looking to sell - feel stuck

I know I’m probably beating a dead horse right now but the market has me genuinely spooked. Backstory - my wife and I purchased our first home in 2018, refinanced during COVID around 3%. The problem is our growing family. We want to move out of state and into a bigger house. We have two kids, I work from home and genuinely there isn’t enough room in our house anymore. We owe right around $200k on the house and comps in the area over the last year have gone anywhere from $390-$430K with prices starting to fall over the last few months. One of two things needs to happen: rates need to go down (not going to happen) or the market continues to fall because of high interest rates. Regardless, our home will never be worth as much as it is today or was yesterday. I want to get out ASAP and get the equity while I can. Is that a stupid way to think about it? Genuinely if we hadn’t outgrown our home, I would suck it up and stay because our mortgage payment is fantastic right now. My first instinc...
Recent posts

Selling my fathers home out neighbor is interested as is and it would be an all cash offer. First time selling.

I’m in the process of moving my family out of state to where I live. My family has been in their home for 34 years, the house was built in the 70s and it needs some upgrades. My family home is on a rare piece of property for the area (acre and a quarter of land). That being said, I don’t know how old the roof is, I don’t think the hvac units are super old, it needs all new flooring and in the past had termites but my dad had it treated. I had some comps run and the agent stated 800k-1mil, realistically looking at 900-1mil. We have a neighbor who stated they were interested in the home, it would be an all cash offer (we haven’t fully talked numbers yet). I have never sold a house before, I don’t know what would be a realistic discount if any should be offered in case it does need a new roof and etc. If anyone has any advice, tips, or tricks I’d love to hear it. Would I just need to work with an attorney to get documents drawn up for this or would I still need an agent of some kind...

Temporarily off market

Yesterday a house was put on the market and I scheduled a showing. A few hours later the showing was canceled and the house now says it “temporarily off the market”. I have asked my realtor about this but I haven’t received a response. Does this mean someone else put an offer on it? submitted by /u/Own-Negotiation-1422 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wt9eyo/temporarily_off_market/

Would you buy a one-bathroom home?

Aspiring downsizer here. Potential new commuting requirements at work have me looking in an area where the townhomes are two-story with one full bathroom on the second floor. I can live with only one shower/tub, but I'd really like two toilets. I have kids, and I am also just aware of how fleeting mobility can be. Having to go upstairs to use a bathroom and/or only having one toilet feels like a problem waiting to happen. Would you immediately reject these? Should I resign myself to a longer commute to get 1.5 bathrooms? Or should I get a contractor to quote adding a half bath on the main floor? (I think it's possible if it goes in the laundry room with a stacked washer/dryer?) Please share experiences, good or bad, with a one-bathroom household. submitted by /u/misfitmpls [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wt859r/would_you_buy_a_onebathroom_home/

Where are people getting this much cash?

32 male. I'll have about 80k in equity from selling my current house. Plus be putting down 30k. SE Michigan/NW Ohio area. Not really a real estate hotbed, but I've now lost 3 houses to cash offers in the mid 200s. Who has this much cash sitting around? These are not houses people in their 50s or 60s would be buying who could pull from retirement. This is insanity. Rant over. submitted by /u/tigersfan829 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wsw33d/where_are_people_getting_this_much_cash/

Option period of “0”

Is it a red flag if a home buyer (flipper) has listed an option period of “0” days in the TREC contract? submitted by /u/GlovePlane6923 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wsf3yz/option_period_of_0/

How do you check for easements before buying a property?

I’m considering a few properties and trying to figure out whether recorded easements could affect where I can build. So far, the process seems to involve finding the parcel through the county GIS site, pulling deeds and recorded plats, tracing prior owners, searching for separately recorded easements or restrictions, then translating the legal descriptions into something I can see on a map. That feels like two different jobs: finding the relevant records and figuring out where an easement actually sits on the property. Are there tools that handle both? Ideally, I’d enter an address or parcel number, get the relevant records with links to the originals, and see which easements can be mapped. For buyers and agents who deal with this regularly: how do you research easements now, and where does the process most often break down? submitted by /u/rbprepin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wrkaph/how_do_you_check_for_easements_b...

The AI staging has to stop

I am currently home shopping. Maybe you have a different opinion on this but I believe AI staging hurts a listing significantly. I have shown up to view a few houses and I'm always immediately turned off when the pictures oversold what the house actually looks like. This just seems like such a bad way to sell something. submitted by /u/MrIAmMe2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wrk0f9/the_ai_staging_has_to_stop/

Anyone else annoyed at agents?

I’m sick of seeing these videos on IG and other places of real estate agents acting like they’re so big time business genius. They just show houses for a living. I used one for my first home but never again for commercial or rentals. They literally just stood there as I checked out my house I want to buy. Completely useless and irrelevant. Why does this job even exist? And why do yall use one? submitted by /u/Brief-Sandwich-7396 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wre53m/anyone_else_annoyed_at_agents/