We own a home in Orange County, CA, where the average price of a home is $1.6m. We got our home for $1.2m. I just checked my Monarch (a financial management tool) and our Zestimate dropped from $1.2m to $850K in a month. What is going on? Is there some kind of serious crash that just happened? Or is it some algorithmic error? submitted by /u/Interesting-Proof244 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wp8p83/zillow_zestimate_dropped_by_350000_in_one_month/

After years and years and years of trying to save up for a house we keep getting hit financially with expenses, so much so we moved in with my husbands family. 2 girls under 3yro and digging out of debt. I don't even know where else to post this but is there anyway or any resources that help get a house for extremely low costs in this economy. I'm literally crying because it's going to take us at least 10 years to get out of the position we are in. We don't even get approved for a USDA loan because we filed bankruptcy (chap 7.) I'm even on the verge of begging for money on the street so save for a house because the market is so bad. We went from 780 credit scores to 550 because of our chapter 7 bankruptcy trying to afford food. There has to be some type of program. We've contacted churches and we applied to their programs and most were closed. Most you need to be in a homeless shelter to qualify. submitted by /u/goldenpizzaaa [link] ...

Hello, I (25m) have a house in TX, that i am cleaning and getting ready to put on the market at least that is the plan. It was a custom built pier and beam woth extra piers for extra foundation support built in 1959 for $25,000. I also do have the original floor plans. it sits on .5 acre in town. It is 2350 sq ft with a garage, in town on half an acre. I bought it last year in 2025 for $197,000 on an FHA putting 3% down and having a 6.5 interest rate. I never homesteaded and pay $2136 monthly mortgage + escrow currently. It went up from $1845 last year. My electric rate also went up 4 cents from 7 to 11. The previous owners had lots of kids and pets, so the walls were colored and painted on and looked horrible as the kids colored on the walls and some look like they painted on them too. the walls originally some worn out cream painted color. I repainted all the walls behr ultra pure white and they look new. I also replaced all the outlet cover panels to be new. I also brought the ele...

A relatively new friend, let's call her Nancy, is a realtor and agreed to help me find an apartment. We discussed my criteria, and she was initially enthusiastic, but her communications to me have been pretty sporadic. After a week she sent me some Zillow listings, and after I expressed interest in one, she tried to arrange a viewing. She was unable to arrange it and she told me to use Zillow’s “Apply Now” option. I later sent her a Zillow listing I was interested in and asked whether I should apply myself or whether she would arrange a viewing. It’s now been two days with no response. It’s been about two weeks since I first contacted her, and I feel like I’ve made very little progress. We never discussed whether she was my exclusive broker or how much she gets paid. No paperwork has been signed. What should my expectations be here? How involved should a realtor typically be when helping find a rental? Should I be asking Nancy to set up Zillow appointments, or should I just appl...

Not sure what to do here. Sold a house and closed the end of Q2. Very easy transaction, nothing out of the ordinary. On the closing sheet we had a refund of about $400 for pre-paid real estate taxes to the town for the current quarter (Q2). All other taxes were paid and up to date. At closing, the buyers pre-paid about $2501.23 in property taxes for Q3, although the actual taxes owed for Q3 is $2,581.19. (numbers have been changed) About 3 months after closing, we get a check from the title company for $2,581.19. The exact amount of the taxes for the quarter we did not own the house (Q3). I can assume they meant to send the pre-paid taxes to the township and not the seller? But that's a pretty big error to make. The check even says "Q3 propery tax refund". We didn't own the house in Q3. And when I go to the township tax assessor site, it shows Q3 taxes as paid ($2,581.19). I got the check a few weeks ago waiting for them to realize their error and ask for the chec...

Ignore all the relationship stuff for now, and let’s say I wanted to own or renovate a home with the shared spaces of a kitchen, living room, kids bedroom/bathroom, even an office, but with 2 separate bedrooms and private entrances and bathrooms? Maybe a kitchenette in each but it’s not necessary. What would be the most cost effective AND quickest way? Find a home with a layout that can be easily converted/renovated (add an outside door, bathroom if needed, ect)- I like this idea the most. Find a single family home with a decent backyard zoned for an additional unit and buy one of those studio homes from amazon or have a builder make one that includes a full bath. But does this need to be legally approved by the city and can that take a long time? Find a duplex (this can be more difficult (depending on your area) Start from scratch new build We have around a million dollars all in, which might sound like a lot, but we are in a second tier very popular city that is right below w...

I'm trying to weigh my options with a vacant lot next to my house. So I live up in the foothills in Los Angeles, and managed to buy the vacant lot next to my house. It wasn't crazy expensive, and we used a HELOC to buy it. There's a few pros and cons of the lot. Pros: Quiet street, nice view, there's a natural stream on it. Up in the hills and could be very picturesque. Cons: Not in the most desirable part of LA. We are far enough up in the hills that we have to be on septic instead of sewer. So here are the options as I see them. But I'd love some feedback and ideas on what to do. Build an ADU and rent it out. My wife and I's alma mata is near by, so we would probably try to rent it exclusively to students there. I feel like this would be the safest way to avoid most "renting pitfalls". The septic gives me a bit of pause to be honest though. Build a house there and sell it. I feel like this is the smartest and easiest option. Just build a nice...

Currently looking to use my GI Bill and want to move to NYC but don’t know how to best set myself up situation wise. Initially I was ok with renting (as my rent money will be coming from my GI) so money never really factored in. But after thinking, it would be smarter to actually buy a property to have something tangible that the money is going to Is anyone familiar with any resources or materials I could use to research nyc specifically? In terms of bear markets and neighborhoods for investing in? submitted by /u/mdafidel1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wn6u1k/investing_in_nyc_real_estate/

My wife and I have been looking to buy a fully renovated home originally built in 2011. The original roof is a 3-tab shingle style, and it is at the end of its lifespan (15 years). I am worried I'm going to face some insurance issues, as well as staring at a roof replacement in the foreseeable future. It's in a development, and there are only a few houses with original roofs left, this one included. This house has been on the market for a full year. It started at 450k and has, over this year, gotten down to 380k now (originally bought by an LLC about 2 months before posting a year ago). Is it unreasonable for me to ask for a credit to replace the roof, or to have it replaced before closing? Located in SC. I'll add I'm also using a VA loan. submitted by /u/ImportanceBetter6155 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wn30t9/looking_to_buy_house_with_15_year_old_3tab_style/