TLDR: How much should I ask for to fix 11 door/doorway casings and ceiling drywall for one room (150sqft) on a home that I’m currently under contract on? Full Details: Trying to get advice on a situation I’m in. After going under contract, there was water damage in the home from a water line in the attic. It resulted in the flooring and ceiling in the master needing repairs. The new floors led to gaps between door casings and the floor. The homeowners sons have tried to fill the gaps with matching casing and caulk but it’s terrible work. For the ceiling, instead of completely changing the ceiling drywall or retexturing the ceiling, more mud was thrown on to try and match but it looks like garbage. We’ve extended closing once already but at this point I’m tired of giving them time to handle it and am moving towards just asking for concessions so I can bid out and have the work done myself. submitted by /u/SoMuchNic [link] [comments] source https://www.reddit.com...

My wife and I are planning to purchase a house and sell our existing condo. We're trying to figure out the best way to make this all line up if we cannot put selling the condo as a contingency on a purchase agreement. Combined income is $225,000 gross. Current condo should sell for ~$550,000, according to our realtor. We owe $212,000 on the mortgage. So figure that after closing costs/realtor fees, we would net $300,000. We are looking at homes between $800k-$1m. We have $180,000 in various taxable brokerage accounts; all would be subject to long terms capital gains tax. I have $350,000 in a 401(k) and $60,000 in a Roth IRA. I checked the specifics of my 401(k) plan: I can take a (max) $50k loan at "12–60 months term at 6.75% interest"; and it specifies that "If you leave [employer] for any reason – including as a result of a layoff or workforce reduction – before the loan is repaid, you can continue to repay the loan." Wife has $100,000 in various retire...

Would you have the option to sell the house from your mom for the equity which makes it possible to buy realestate would you do it? Its a one familiy house, prob. worth about 1.4 Million. This would give me enough to buy residential buildings. As work I do draughsman which could add to own contribution to bring the finance plan from the bank down… Would you do it? How would you do speak about it with your mom? What deal would you set up with your mom so she has enough to live good good? submitted by /u/Dangerous_Ad7101 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u7jpvq/selling_house_from_mom_to_reinvest_buy_real_estate/

We are considering selling our home. It was a major fixer upper when we bought at 150k. We owe 120k and the estimated value is some 220k give or take. The realtor heard our list of remaining updates and fixes and said just to let the future buyer deal with it because ROI wouldn’t be nearly worth the money spent. Here’s the list of updates we were planning: 1) Windows. We have VERY old metal framed windows. Some are broke and they’re extremely inefficient for insulation etc. 2) front and back door replace and reframed. These are both on semi broken hinges and the framing is horrible leaving gaps at the tops. 3) kitchen backsplash. I get it’s not necessary but the kitchen is unfinished and looks unfinished because of it. 4) changing out old hollow interior doors for solid wood doors. Mostly for us but we’ve done this with a few and the noise reduction is just so noticeable we thought it would be a welcome feature compared to the super thin 80s doors we have. 5) Entry way accent wal...

My fiancé and I are selling our current house and purchasing a new house. We need the funds from our sale to put towards the closing costs of the new house. HELOC and bridge loans were not financially feasible for us so we tried to make our sale/purchase contingent on each other for a bit. We had a couple buyers ready to go but the contingency was killing our offers to purchase houses listed for sale. So we recently decided we would sell first so future offers wouldn’t have the contingency. We considered renting, but in our area it is expensive and difficult as we have 2 cats and 2 giant breed dogs. So we decided to move in with my family temporarily. My parents are clearing out my old bedroom and we will keep our furniture in storage until we find the next place. Has anyone done this before? Any regrets going this route? On one hand I’m so thankful that my parents offered to help us in this way, it lets us save some money and solves the pet issues we ran into while looking for rental...

Hi, I wanted to check if there is anyone here who has succesfully registered their site in Gnana Kuteera Phase 1 after making the investments with the society? Did they allot the site without asking for more money than the originally agreed upon amount? How much was the registration delayed? And what is your advice in investing in Phase 2? Also, if you are someone who has invested in Phase 2 and know of any groups or interested to create a group, please let me know! Thanks! submitted by /u/ArchVeg [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u8k7ti/looking_for_people_who_have_registeredinvested_in/

I'm deathly scared of lifestyle creep and truly need a “come to Jesus” gut check here. And yes, we have spoken to our financial advisor, who did not give us a “red flag, abort, don’t do this.” But I still need a stranger’s confirmation or outside opinion and thoughts. This is essentially a debate over a “$525K Super Easy Mode” home vs. a “$675K Better Long-Term Fit” home. Us: Married couple, late 30s, both employed, one child and maybe another in the future. Neither of us is planning to become a full-time stay-at-home parent, but we have really valued the mental flexibility. Jobs are stable. Net worth is about $1.4M. We bring home about $16K/month after taxes, before retirement contributions. No debt other than current super tiny mortgage. Current situation: We've outgrown our home and need better schools. Will sell it. Currently have roughly $7,500+ leftover each month after all required expenses, maxing retirement accounts, and pretty much buying what we want when we want ...

I suspect that many of the reviews and recommendations on social media platforms like Reddit, Nextdoor, Yelp, Facebook groups, and others are fake and manipulated. As both a seller and a buyer, we made mistakes by selecting realtors based primarily on reviews. Consequently, we ended up with some of the most incompetent realtors, and we paid the price for our poor choices. submitted by /u/Altru-Housing-2024 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u7tq4v/do_not_trust_realtor_recommendations_on_social/

We are finalizing the process to start building in the very near future. The real estate market is ridiculously hot right now, so we are planning to list our house in the next couple of weeks. This will result in needing to rent a place while our new home is being built. It should also allow us to pay cash for the entire process instead of having to take out a construction loan. ​ For anyone who has done this, any tips? We're not jazzed about moving twice but I'm trying to remind myself that the 2nd move should be easier since a lot of our stuff will already be packed because we will only take essentials to the rental. submitted by /u/motormouth08 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u6z0ex/selling_then_renting_while_new_home_is_being_built/