Two questions on the housing bill. I'm not educated on three subject so these are just thoughts I'm looking to get answers on. It limits institutional investors to 350 new homes or less. Don't most large scale investors build ENTIRE neighborhoods ask at once that they make into rentals of 100+ homes at a time. Not buy existing homes. So wouldn't those extra homes just not get built in the first place, limiting supply even more? My current neighborhood is 150 homes that are all rentals built by DRH. If they didn't buy the land no one would have ever built homes here. The bill doesn't push investors already with large numbers of homes to sell in X years. Many of the biggest builders are also large scale investors who build their own homes then turn around and rent them. Like DRH. They both build homes to sell and build homes to rent. Building less homes means empliying less contractors and building costs will go up. They tend to reuse the same contractors be...

i bought my house in 2024 with a va loan and got a rate of 6.8%. i really want to bring it down but im worried its not a good time to refinance. ive heard a lot of mixed thoughts from friends and family saying to wait but I dont trust them with finances that much, so figured id crowdsource before i start calling lenders who are obviously going to try and sell me on a refi. this is my first house and ive never done any of this before so any advice is welcome! submitted by /u/Michvito [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uikrak/i_have_a_68_va_loan_is_now_a_bad_time_to_refinance/

My wife and I currently live with our two young kids in a 3BR that’s 1074 sq ft. We have a bit of a sweetheart deal ($1050/month), but can’t have pets, and would like more space. Twice we toured a new build that’s been on the market for 300+ days. There are four identical units that started out at $390k and now are at $365k. 2000 sq ft total (1400 finished; 600 unfinished basement). We both like the home and feel we could be happy, but it’s also not amazing (cramped kitchen/dining/living; no pre-plumb in the basement for a bathroom, small lot, etc). I’m thinking of offering/asking this: -$365 (asking price) -$10k in closing costs/rate buy down -Builder frames, roughs in electrical, insulates, and does the drywall. Basically a “white box” finish, where we could do the paint and flooring. My good friend, Gemini AI, tells me the builder will be desperate and should at least consider this. I also know, however, that Gemini can be an idiot. Thoughts? Location: Wyoming - sub...

I’m under contract to buy a $930k home in Utah directly from the owners (no agents involved). The home is about 20 years old. The sellers previously had the home appraised for $990k , which is one of the reasons I felt comfortable agreeing to the price. The house was listed at $935k. During negotiations I agreed to increase my offer to $930k so the sellers could net the amount they wanted. They also agreed to a $5k closing cost credit. Since I’m not using a buyer’s agent, they’re also avoiding paying a buyer’s agent commission. After the inspection, the biggest issue was the roof. The sellers told me they had recently spent about $2,000 repairing it, and their roofing contractor said those repairs should extend its life another five years. My home inspector disagreed and said the roof was at or near the end of its expected life. Rather than argue over one opinion versus another, I hired two independent roofing contractors. Both came back with essentially the same conclusion as my...

I just bought a 1950s home. When I had line scoped, it was full of water. My realtor updated our contingency condition to say "Sanitary line has standing water. Seller to have the line professionally snaked to restore proper flow. A licensed plumber shall scope and certify that the line is free from material defects. If material defects are identified, Seller shall have such defects corrected by a licensed plumber prior to closing." The seller got 1 material defect fixed and sent us an invoice from plumber that included "Perform post-installation inspection to verify proper function; additional repairs may be required if issues are identified." The day after moving in, 2 additional material defects were found in the sanitary line being backed up and causing kitchen sink to gurgle. Plumber argues they just verified the 5ft spot repair and not the rest of the sanitary line. It's looking like repairs will end up costing 10-20k. What should I do? Can I go after the ...

I don't want lowest cost of living or housing vs wages. I want to know the lowest cost new construction real estate​ prices in the U.S. regardless of area wages. Like it doesn't matter if people are still making federal minimum wage. Lowest cost for new construction and also​ in general. This is assuming the local economic situation is not really of concern Thanks so much submitted by /u/Robinnoodle [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uhpqge/lowest_real_estate_prices_for_well_built_new/

submitted by /u/juicydreamer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uhks99/why_is_it_so_embarrassing_putting_up_open_house/

Just bought a house. Getting the keys next week. Realistically speaking, should I get a will in place so my siblings could own the house in case anything unforeseen happens to me? Or am I getting ahead of myself? submitted by /u/OtherwiseTomato6533 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uhbcsp/home_vs_will/

just looked what i think is a terrific piece of land, very interested in buying, never been involved in a real estate investment / deal, i dont know if im doing this the right way or not, i contacted the sellers real estate agent, they said they will give my info to a lender, and supposed to receive a phone call from them today, so far nothing, when applying for a house loan (mortgage) do you suppose to call as many banks / lenders as you can? or is there a place, a website somewhere where you apply for the loan one time but it gets sent to a bunch of banks, like when you are buying a car from a dealer, or is it one by one type of deal phone calls that i need to make? would appreciate a step by step kind of guide of the process, from those that deal on this on a daily basis thanks in advance submitted by /u/Npos_tEx1164 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ugoheb/newbie_questions_here_regarding_buying_financing/