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Can I sell my home to my brother with a gift back option?

Hello, I bought my home in 2020 from my mother who used something called a gift back option so I didn’t have to pay a down payment. I took the house because the offer was too good to pass on. My brother is divorcing and looking to buy. I want to sell him my home and find a different one. Can I do the same thing my mom did and he won’t have a down payment? Also what will that look like for me when buying my next home? Do I need a down payment or will it be taken from the sale of my current home? I want to help my brother out but it needs to make sense for me. submitted by /u/knitwizard93 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tkq2f6/can_i_sell_my_home_to_my_brother_with_a_gift_back/
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Normal for Buyers to Spend a ton of Time in our House?

We are selling our house. It is a 3 bed, 1 bath, 1000 square feet home with a main floor, a basement, and a pull down attic. We accepted an offer that was significantly below our asking price, but only 5k below what we actually wanted (we put the asking price at what it recently appraised at, which we knew we probably wouldn't get). This offer was accepted after the buyers spent 2 hours at our open house, 1 of those hours technically being after our open house ended. After negotiations, before they sent the final contract, they told us they must see the house again. We approved their time, and they said they would be 15-20 minutes. They ended up being their over an hour. They just had their inspection done. It took them 3 hours total. When we originally inspected our house it took 1 hour, and the house we are buying which is significantly larger, took 1.5 hours to inspect. They are now saying they want to come back in for another inspection, specifically for pests. At this point, ...

Thoughts on listing price?

https://www.zillow.com/homedetails/4608-Windy-Brook-Dr-A-Austin-TX-78723/110539427\_zpid/?utm\_campaign=iosappmessage&utm\_medium=referral&utm\_source=txtshare Asking because I have nearly identical home in same zipcode. I’ve seen alot of inventory just sitting and I’ve been reading it’s mostly overvalued homes here. Curious on what a good offer would look like submitted by /u/Any-Painting4428 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tkmd3x/thoughts_on_listing_price/

Zillow views/saves — A meaningful metric?

Does that tracker actually tell the buyer anything? I suppose it would really have to be in context of other homes in the same market? (I'm 2 hours live on my home's listing with 245 views, 25 saves. But a bunch of those views are probably people I sent it to myself, just trying to light the fire.) submitted by /u/Familiar_Eggplant_76 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tjmwoi/zillow_viewssaves_a_meaningful_metric/

under contract on a legal nonconforming use house

hi, my bf and i are first-time buyers, we're countless offers in and have already backed out on a couple deals. we thought we finally found the one but here we are with another big fat roadblock. we were approved for a conventional loan and now the township is telling us that the lot is zoned industrial and can't be rebuilt if more than 50% damaged and the lender won't fund that. township won't make any exception and they have variance permits but not for use . they're saying our only option is to submit a rezoning app which is just time and money down the drain if it gets denied. the lot itself isnt technically big enough to fit industrial ordinance, one neighboring lot is owned but vacant with 0 permit history, the other is used as commercial, properties behind are residential/commercial use all grandfathered into industrial zoning. there are warehouses and distribution further into this district, nothing gross or polluting tho. i was hoping to get opinions on ...

Discrimination?

If I suspect our offer is not being accepted due to racial discrimination, what are my next steps? The realtor and sellers are both a specific race and I am white. This area was historically white but is now about half and half white and this other race (who are typically insular). The seller realtor told our realtor that they had a higher offer (at asking) but it’s been weeks in attorney review. When we inquired again, the “other offer” was suddenly $100,000 over asking and could we come up? They never officially declined our offer. I feel like they don’t really have another offer and they are waiting for another family that is their own race to buy it. I’m planning to make another lower offer later this week because if they really wanted to sell it they would have accepted my offer by now and the longer it sits, the more negotiating wiggle room I have. submitted by /u/toomanychoicess [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tijv...

I used to think PDF tools were all basically the same

Real estate paperwork has completely changed my opinion on document tools. Between contracts, disclosures, and signatures, I finally understand why people care about fast PDF workflows. Didn’t matter much until I had 15 clients at once 😅 submitted by /u/Abelmageto [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tiedh6/i_used_to_think_pdf_tools_were_all_basically_the/

Ethics question

looking to relocate from de to fl, contacted a realtor..had a good conversation explaining our position. she recommended a lender. standard pitch *i always work with her" ""shes the best" blah blah blah.. i get it one business scratches the other. contacted the lender.. had hard pulls on credit for loan. got financials back.. then WE had to go back to realtor with info. not sure why lender couldnt send directly if the are such "good business friends". 2 weeks after pull..nothing no phone calls..sent 3 emails, no response..then.finally got 1 email a week after 3rd email with prospective houses, said we would be put on a weekly email for available houses. nothing listed in the stood out to us..and that was in.. no other communication.. from lendor or realtor.. nothing was signed for representation..but they both have all our legal info. i know its a buyers market, but to be ghosted like this is crazy unprofessional. is this what is acceptable now? havent ...

Help with next move

Looking for advice on what direction we should go next financially/housing-wise. I feel like we’re in a decent position overall, but I’m struggling to determine the smartest long-term move. Current situation: Me and partner with 3 kids ages 7,8,9 Household income: ~$215k salary (not including rental income) About $250k in retirement currently Contributing 15% to a Roth 401k Around $80k in cash savings (hysa) Primary home: Estimated value (super conservative): ~$500k Owe: ~$350k Interest rate: 3.75% We’ve outgrown it with 3 kids and only 3 bedrooms plus unfinished basement. (No office space for WFH) Rental property: Estimated value: ~$430k Owe: ~$249k Interest rate: 2.75% Mortgage is about $1,580/month Rent is $2,500/month Cash flows roughly $800/month after expenses The dilemma: We need more space, but I’m torn between a few options: Stay put and remodel/finish basement, stack cash, enjoy the low mortgage. Sell current home and buy bigger (found a house with every...

How do people afford to invest?

So new to this group trying to get our life together. I’m 42 female married with 3 kids. Bought house 2012 no fancy cars. Both Govt employees. Self teaching about investing ETF/Stock with what little we have left. Both still have student loans which fingers crossed will be forgiven through job. My question is how do people invest in a rental property without coming from generational wealth? I see people buy and live in their home for 2 years and then rent and buy another. How can this be possible considering my scenario.. kids acclimated to their schools.. not much wiggle room for job site relocation. I live in northern Va single homes are 750k and up. It’s WILD. Any advice bc this life is so stale! Thanks you so much. submitted by /u/Medical-Ad6585 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ti2sfz/how_do_people_afford_to_invest/