i'm not sure if this is the correct place to ask but i was wondering, for a beginner where would you recommend them to start in real estate ? i'm 21m and currently pretty unhappy with my life but my sister who now works in real estate and is a bit older than me completely turned her life around with working in this field and id like to do the same but im also finding myself pretty overwhelmed. she herself suggested home inspection but im not too sure about that, i also know that i can make money in pretty much all the fields so im not worried about that either, im also finding that it's pretty expensive to get a home inspection license as well... im just very nervous about the whole thing and would like some help guiding it submitted by /u/LeviGX [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vq6x9j/i_need_helpguidance/

I’m getting ready to put a house on the market in a sellers market. The house is pristine. The finished basement has occasional water in two exterior corners. Not much and it’s easily managed with a dehumidifier. We have lived with this for years. There is also an occasional leak in the underground garage. The house itself is above average, original hardwoods, fresh paint, updated bathrooms, nice location. Houses here go above asking and quickly. What percentage would you discount for the basement issues? It only happens when there is a massive “flood warning” rain. Probably needs a new French drain along that side of the house. submitted by /u/StatementOk5086 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vq4cyw/leaking_basement/

We currently live in a 130-year-old Victorian home on a private lot. We loved fixing it up before kids, but with young children, we’ve realized how much upkeep it requires. No garage, expensive heating oil, a damp basement, limited storage, no central AC, and not much functional space. We’ve lost out on 4 homes so far, all older character homes in established neighborhoods. I love the charm, but we’re now considering a newer, more “cookie-cutter” home that checks nearly all our practical boxes: 4 bedrooms, 2-car garage, second-floor laundry, and a great family-friendly neighborhood with lots of kids. I never thought I’d seriously consider this type of home, but I’m wondering if we’d actually be happier in this season of life with something more functional and lower-maintenance. Anyone else considering the same? Maybe you already live in one of these plans? Pros/cons? submitted by /u/CheddarMoose [link] [comments] source https://www.reddit.com/r/RealEstate/comm...

I’ve been a real estate agent for 7 years now in New Jersey. One very odd thing I’ve noticed is when there is a buyer who is Indian (this is where the controversy starts) the selling process is always like 5 times more difficult than working with other folks. The communication, negotiations, and strategy always feel hyper-aggressive and unprofessional in some ways. I’ve dealt with this situation about a dozen times already. Can someone help me understand any cultural norms I should be aware of? Ultimately, I just want to be well informed and aware to better serve my clients. Play nice yall! I’m trying to learn. submitted by /u/dedermcdoodle1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vpj8d2/genuine_question_that_will_seem_controversial/

As the title says, I'm under contract with a motivated buyer on my house. If all goes well, we close on 9/11. She's using an FHA loan with 20% down if that at all matters. My mortgage is due 9/1 but I don't have to pay it until 9/15 (and then a late fee will incur on the 16th). I've never had a late fee in the 10 years of living in my house, but I'm more worried about messing up the payoff/sale process somehow. I'm getting mixed feedback from people who have done what I'm doing and were fine and others on Reddit saying I shouldn't risk it. My new rent is also due on 9/11 and I can't shell out two hefty payments at once but I can figure it out if needed. Has anyone had actual experience doing this? I sent a message to my mortgage lender but won't hear back until Monday probably. submitted by /u/LinaZou [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vpg7zy/closing_the_11th_mortgage_due_by_the_15th_p...

I hope to move eventually to a 55+ community. Have found a community I really like. However, my current house needs renovations and I would probably doing them over a couple of years. The community I am interested in is very large and they have a lot of open house showings on weekends. Would I even been let in to see them if I don't have a buyer's agent and just go by myself? I would be kicking the tires, so to speak. submitted by /u/OilPure5808 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vp8d50/real_estate_agents_and_open_houses/

We live in Rhode Island. Property values have gone up quite a lot. We purchased a 2700 sq ft colonial at $380k in 2018. Cash. We have done few upgrades such as a new kitchen, added a pergola off the living room to pool area. Painted, new carpet upstairs. Zillows estimated value is around $689k. Recent comparable home in our town have listed around $699 and have sold for as much as $820, with bidding wars. And those homes do not have as many upgrades as us. Such as a pool/ finished basement, central vac, central ac etc. We know this isn’t our forever home. We actually want to downsize, yet more private/ property. Properties we have looked at are currently in the range of $650-$850k. Is now the time to sell and move to our next house? Or should we be sticking around because it’s paid for and value is high? I’m hoping to almost do an “even swap” in the sense of selling and buying. submitted by /u/aabbcc401 [link] [comments] source https://www.reddit.com/r/RealE...

I am in love with the location of a home in my city, and sent the link to my spouse: Immediately, he nixed any discussion because the kitchen is covered in wallpaper. The home has been freshly painted interior and exterior, they’ve updated the yards, and the kitchen has ugly wallpaper. Appliances updated, new furniture staged, but ugly floral wallpaper He says if the walls were in reasonable shape, or the wallpaper possible to remove, it would’ve been removed prior to the showing. he says ifs a non-starter Any counter-thoughts or is wallpaper really that terrible? (i never experienced wallpaper in my living spaces) submitted by /u/glorificent [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1voeldk/wallpaper_in_a_staged_and_updated_home_harbinger/

I posted not too long ago about almost losing earnest money and yet again I’m in the same spot because of the HOA last day I’m finally about to close but find out my lender won’t close because of hoa delinquencies is over 15%. How the hell is the hoa gonna tell us about this on the day of closing. We weren’t able to extend the contract and I might lose my earnest money now. Is there a way to fight this?? I genuinely don’t understand how this could possibly be on me and I don’t get my earnest money back I called the company and they said the contract has ended so they don’t have to give it back what are my options? submitted by /u/Awkward_Fortune_114 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vo8c6i/new_lender_same_issue/