Anyone know when the market in the DFW area might bounce back? There are 6+ houses for sale in our couple blocks (including us), no one is getting showings, pricing is at or below market price for the area. We get visitors at open house and they say the price is right. Other realtors have confirmed no showings, no sales. Friends 50 miles away (which is still the same market, welcome to DFW) confirm the same. Our realtor has 3 flips waiting to resell, my former realtor says the market is just as flat for her so it's not our current team. It's frustrating, time on market when we listed was 30 days. Then 45. Then 90. Now it's 'who even knows anymore'. submitted by /u/Chronosshotgun [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ta8ytr/dallas_area_market_recovery/

You might read all this and think "duh, you're so naive". Well, yeah, this is the first time I was going to buy a home and it seems like everything I heard growing up is no longer true. Our household makes 130k/year. The number looks like a lot and I know it's more than many households make, but it doesn't feel like a lot. I can't imagine what other households are doing and that sucks. My income was much lower before, so it's not like I was making 130k and saving for a super long time. In my area, central FL, even just ok houses in ok areas are like 350k. I always heard that I needed to put 20% down. 20% down on 350k is $70k. No way that was going to happen. But then I heard about FHA loans. 3.5% sounded like a dream. That's like 12k! Totally doable. So we go out and look for houses and we find one for 380k. It's a bit higher than we expected, but it's really nice. Going over the numbers with the loan officer and reality starts to kick in. ...

So…yeah. We were not looking to move, but a bigger house was listed on a beautiful street in a better school district, so we pounced and made an offer to close 6/15. We were told it was a pre-foreclosure, which is why we agreed to close so quickly and buy as-is. Offer accepted. Within a week, we paid earnest money, paid for a home inspection, and prepared to sell our current home. Earlier last week, we heard that the bank’s lawyers were not replying to the seller’s lawyers and to halt any spending on our current home. A couple days later, the day of the sheriffs auction that we were unaware of, we were told that all was well and we could proceed! Yesterday, we were told by the seller’s agent (who is also a friend of mine) that the house was sold at auction on Thursday. She said it’s not a done deal and the lawyers for the sellers and the bank will go before a judge and go from there. She also mentioned being able to buy it from the auction winners? I don’t think the odds are in our ...

I'm a couple of weeks from listing my house in a small town in a rural community. My Facebook is private, but instragam, with plenty of geo-tags, isn't. The house is distinctive, and wouldn't be hard for anyone to find. There's nothing damning there, neither about me or the house. But maybe the less personal info a potential buyer sees/knows the better? Should I change the IG setting to private before the listing goes live? submitted by /u/Familiar_Eggplant_76 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t98uvi/should_i_lock_down_my_socials_before_listing/

Hello there, My wife and I are looking for a house in the New England region and have been to a couple open showings. For reference, I am very tall (2m+) and we've been getting frustrated walking in some properties and my hair is brushing the top of the ceiling. Is there an easy way to tell from listings if a home's ceilings will be too low for someone this size or anything in the listing that is a red flag for low ceilings. Zillow and Redfin list length and width of rooms but never height! Just trying to save us from driving out to a house that are made for smaller folk. Thank you! submitted by /u/caputviride [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t97gnx/easy_way_to_judge_ceiling_height_from_listings/

Long story short, I’m just trying to help my parents retire. It’s overdue. Property has been on the market for over a year and was just relisted. I’m not an agent looking for free advice. I want to put in a level of effort that their agent may or may not be. I appreciate any advice. submitted by /u/CaffeineNicotine3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t88179/if_you_were_advertising_a_turnkey_business_in_a/

Long story short, I’m just trying to help my parents retire. It’s overdue. Property has been on the market for over a year and was just relisted. I’m not an agent looking for free advice. I want to put in a level of effort that their agent may or may not be. I appreciate any advice. submitted by /u/CaffeineNicotine3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t880r6/if_you_were_advertising_a_turnkey_business_in_a/

Hello, can someone explain to me in basic terms how people sell their homes while still owing on the mortgage? I understand the sale covers the remaining mortgage but you still have lawyer fees and closing costs of the new place and how do you time it so you aren’t homeless in between? And is it even worth it with the market in the toilet the way it is? I know people do it all the time but I just don’t understand how it works submitted by /u/UncleDhraff [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t82wov/house_selling_while_still_in_mortgage/

Morning all, A few years ago I inherited my father's property. It's almost 2 acres in an area where the lots are small. I'm not a fan of the area and looking to sell and move. Directly behind me is a street of empty properties owned by a manufacturing plant that is across the street from them. So I decided to contact the company and offer to sell. I got ahold of their head of real estate acquisition manager and discussed my offer and if they would be interested. Didn't sound too promising but they asked I send them an email so I did with all relevant info along with an aerial photo with the property outlined. I'm also speaking with a commercial real estate agent to get it listed. My question with selling to a developer or a commercial business is this. What are some concessions I should look into asking for if we negotiate a lower price. Something like living there rent free for a few months after sale while I look for a place or hiring movers to move out the st...