Long story short, I’m just trying to help my parents retire. It’s overdue. Property has been on the market for over a year and was just relisted. I’m not an agent looking for free advice. I want to put in a level of effort that their agent may or may not be. I appreciate any advice. submitted by /u/CaffeineNicotine3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t880r6/if_you_were_advertising_a_turnkey_business_in_a/

Hello, can someone explain to me in basic terms how people sell their homes while still owing on the mortgage? I understand the sale covers the remaining mortgage but you still have lawyer fees and closing costs of the new place and how do you time it so you aren’t homeless in between? And is it even worth it with the market in the toilet the way it is? I know people do it all the time but I just don’t understand how it works submitted by /u/UncleDhraff [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t82wov/house_selling_while_still_in_mortgage/

Morning all, A few years ago I inherited my father's property. It's almost 2 acres in an area where the lots are small. I'm not a fan of the area and looking to sell and move. Directly behind me is a street of empty properties owned by a manufacturing plant that is across the street from them. So I decided to contact the company and offer to sell. I got ahold of their head of real estate acquisition manager and discussed my offer and if they would be interested. Didn't sound too promising but they asked I send them an email so I did with all relevant info along with an aerial photo with the property outlined. I'm also speaking with a commercial real estate agent to get it listed. My question with selling to a developer or a commercial business is this. What are some concessions I should look into asking for if we negotiate a lower price. Something like living there rent free for a few months after sale while I look for a place or hiring movers to move out the st...

Does anyone know if there are any sort of loopholes or caveats to CA prop 19 where a grandchild can assume the property tax of a grandparents home. The grandparent is deceased, the grandchild has been living in the home (while the grandparent was alive) for 2+ years, the home is also under prop 13 tax as well. Additionally if there’s no scenario where this can happen, can the parent (child of grandparent) and grandchild be on the title together? submitted by /u/djnatdred [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t6yo4j/ca_prop_19_grandchild_question/

is this legal? what are the pros and cons of purchasing a home where the seller raises the price then pays your closing costs? florida submitted by /u/CrazySmooth [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t75nd6/closing_costs_built_into_price_of_home/

I realize this is more or less impossible, but currently in a situation representing a buyer on the purchase of a home that isn’t fully compliant with the neighborhood’s CC&Rs, and wondering what’s the best way to go about this. The CC&Rs are black and white, but plenty of homes don’t meet the full requirements and there’s little enforcement aside from major issues. We asked seller for a letter from the HOA verifying compliance. The developer said they saw no “major” issues. We know there are plenty of little things that would add up if the HOA ever decided for whatever reason that all properties needed to be brought into full compliance. We followed up with listing agent asking for a list of violations and what enforcement would look like. Listing agent is afraid of opening up a can of worms. It’s unlikely that the seller would address anything before closing, but equally as unlikely that any noncompliance would be enforced or even addressed by the HOA. But five years down th...

We have an offer to sell our duplex in NH, but the buyer has a contingency to close on their property before the sale of our property completes. The real kicker here is that the buyers property is a commercial property that has been under escrow for several years as part of a large project by the state. The closing on the sellers property is supposed to close next week. So it seems very close. The evidence they gave for funds was the P&S of their commercial property plus an e-mail from the attorney about their close date. The offer is fora little over asking with an inspection/pest inspection contingency. We are a little antsy because we already had another offer fall through over financing. What else should we look for/ask for before we sign? submitted by /u/jascentros [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t69clx/nh_selling_duplex_in_ma_with_buyer_contingency/

I have an accepted offer on house being sold by an estate “as is”. I added an inspection contingency in my offer. The seller’s attorney and agent tried to talk me out of an inspection, which I found suspicious. The inspection was a disaster with several major issues and dozens of minor. I am fine with the minor issues but the major foundation and structural issues are $25-$30k minimum to repair. I requested a credit at closing for half the repair costs which I feel is reasonable. They refuse stating they have a backup cash/no inspection offer. Here is my question: Once the written inspection is provided to the attorney, agent and sellers, aren’t they now legally obliged to provide that to any interested buyer? An estate doesn’t have to provide a condition disclosure because they simply can plead ignorance but the inspection notifies them. I must mention that the selling price is right around current market value so adding $30,000 in repairs would not be a bargain. submitted b...

Hello, r/RealEstate I need some advice. I recently accepted a job in another city. My family and I will need to move about six hours away from where we currently live. We're currently in a suburb of St. Louis. Basically, we do not have the time or money to put much into our house to get it ready to sell. As far as we are aware, there isn't anything major wrong with the house. The roof is about seven years old and we've had no issues with leaking. The HVAC works perfectly fine. There are some hairline cracks in the basement wall, but none of them are deeply concerning as far as I am aware. There are a bunch of medium and small repairs and renovations that we'd love to do if we had more time and more money to work with. I consider medium repairs to be anything between around $500 to around $5,000. And small repairs are anything under $500. These are just my rough categories. Medium repairs/renovations: replace awful concrete counters and sink in kitchen landscapi...