Hi all, I wanted to get some imput about this deal which I have under contract. I've been going back and forth about whether to walk away over the last couple days and would like some unbiased feedback from this community to help me evaluate the decision. Talking to family and friends hasn't really given me much clarity. Location CT - for context we have a dramatic inventory shortage here and our market is one of the hottest in the country. Everything sells immediately way over asking and I've put in 10 offers over asking price before this one was accepted. The property is a triplex, which is what i had been ideally looking for. List price was $400k, and i offered 465k given the state of the market. After the inspection report came back, sellers agreed to lower the price to 430k, which for the square footage and rapidly appreciating prices is actually good in our market. The property is currently bringing in 4050 per month in gross rent, which will be going up to 4350 on...

There’s a couple of house my wife and I have been eyeing since last year. They were both listed around the end of summer and are still on the market. They both started at $450k and now sit at $425k and $395. They are both old farm houses from the early 1800s but have been completely renovated. The one at $395k is in a more desirable school district and area but doesn’t come with a garage or storage of any kind. At what point does an offer become insulting and shouldn’t even have bothered with it. I’m factoring in having to build a garage and probably wouldn’t want to offer more than $300k for it. The $425 house has a nice outside setting but sits at a country rd intersection that dump trucks go up and down all day long with their Jake brakes. I probably wouldn’t offer more than $350k since it does come with a barn and we really like the outside of it. Are these insulting offers or should we just pass? Other houses in the areas have sold for much less in the past year than what they ...

The day before buying, the realtor called us to say she’d just discovered that a portion of our driveway was not on our property. This was during the height of Covid and she acted like it was NBD. The gravel driveway is is probably 200 yards up to the house, the adjoining property is unoccupied, used for lumber. We have had to add gravel in several areas to keep it safe to drive on. Recently I pulled up the county property lines online to discover that not only is a great majority of the driveway not on our property, but a good part of the fenced area of our side yard (fence installed by previous owner) and side yard that we use for our garden is on the other property.At some point in the past year, yellow paint has been added to several trees on the opposite side of the drive. While we are very rural, there has been some development in the area and we are starting to worry that we’ll lose access to this driveway, lose a good portion of front yard, etc. Can anyone enlighten us about ou...

Hi i have an airbnb condo in a colorado tourist town. Bought outright with cash. Should i move it under an LLC. I am jobber with w2 9to5. job is my main source of income. submitted by /u/Electrical-Ask847 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tfobng/airbnb_in_colorado_tourist_town_should_i_move_it/

Can anyone describe their experience of selling through Opendoor this year?? I’ve seen some say that the process has changed with the new CEO. How did the offer, inspections, etc all work? Thank you! Please no comments about how I’d be losing out on cash with them. No duh. There’s a reason I’d rather not deal with the normal way. submitted by /u/Pleasant_Addition440 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tfi5h5/selling_to_opendoor/

It seems like a lot of realtors with a strong Youtube presence are pushing their agent referral services. The sales pitch goes something like this: "There are a lot of bad agents out there, but I selected and vetted agents across US who are up to my high standards. You can use my service to find a great agent in your area". Do they really have some sort of standards for the agents they include in their networks or is it another take on what Zillow does - "pay the fee to get a client referral." submitted by /u/alkevarsky [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tf1ftk/youtuber_realtors_agent_referral_services/

I’m looking for a duplex for my primary residence. N came across the short sale on Redfin. Is there any pros and cons to it? Does it mean I can ask for a bargain? Thank you. submitted by /u/ExcellentSurprise191 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1teun98/short_sale/

I know 10% is standard, but what are realtors recommending for a buyer right now? I heard it was higher from a friend who just bought her first house. TIA submitted by /u/SuluSpeaks [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tex4xk/recommended_down_payment/

Where do they get the value from? I just got a random email from lending tree that says my house is worth 500k and I can borrow against the equity Ain’t. Gonna. Happen. We don’t need nor want to take out a heloc. But when I check my appraisal district, Zillow and others online the price they all quote my house is worth is a lot cheaper than what lending tree is showing. So where is lending tree getting their inflated price from? submitted by /u/LivingTheBoringLife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdy5sg/silly_question_when_getting_spam_emails_about_my/