I'm in Virginia. After my inspection, I asked to have money taken off the price due to the number of problems in the house. Their reply was that the price was already low because they knew that from the start. They agreed to take only $2000 off the price. This $2000 price reduction happened at closing. Now, when I look at realtor.com, it says the house sold for the price before the $2000 reduction. Why is that? submitted by /u/mlmiller1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1twn6jo/question_about_money_off_price_at_closing/

Trying to get a real read on what's happening with home values in Lafayette CA, not the Zillow estimates which feel all over the place. We're relocating from Seattle and have been researching for about four months. Everything we find online either lags by six months or is clearly written to push us toward an agent. Specific things that are genuinely confusing us: the spread between asking and closing prices seems unusually wide. We see homes list at $1.4M and close at $1.55M or higher. Is that consistent right now or are we looking at outlier data? And does Lafayette track closely with the broader East Bay or does it do its own thing? Any grounded perspective from people who actually bought or sold there recently would help a lot. submitted by /u/GetRekt1o1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1twivlb/what_are_home_values_actually_like_in_lafayette/

Initially I planned as call analytics platform for tele callers in real estate. Then I noticed that instead of just doing call analytics and getting replaced by gaints or as feature updates in crm, how about we can go this as a revenue intelligence platform. like for now just going on vertical only for real estate. The calls are transcribed, speaker-separated, analyzed, and linked to the actual business outcome of that lead, such as site visit booked, site visit completed, booking made, lost lead, or follow-up pending. Over time, the platform accumulates hundreds or thousands of conversations and begins learning patterns unique to that company. Instead of simply saying a customer sounded positive or negative, the system discovers that leads mentioning bank loan approval convert three times more often, that top-performing agents consistently ask certain qualification questions early in the conversation, or that a large percentage of lost leads mention family approval but never receiv...

I've seen tons of posts lately that are basically questions about if they should rent their house out or sell it. A lot of the questions people are asking have nothing to do with the real economics of being a landlord, and instead are in the weeds about original loan terms, etc. I want to separate out a few things first for people. First, you do your mortgage through something like FHA, VA, etc., do a very low down payment, and they require that it be your primary residence from the time you close. They also require that the house appraise well and be free of defects that would keep you from safely inhabiting it on the day you close. It is OK to have your circumstances change though. It is OK to live in a house you bought FHA 5 years ago and later on rent it out because you got a new job out of state or your family grew, whatever. BUT what about the economics of it. As a basic "table stakes" thing, you aren't going to be renting something you have basically no equit...

Several years ago, we bought a house in a great area, great neighborhood. It's the last house in the neighborhood that only has 1 bathroom. Plan was we were going to add on a bathroom and walk-in closet to create a master suite. Plans have changed and we now want to and need to sell as we are moving out of state. Now the foundation failed, causing multiple issues. We KNOW this house is a tear down versus full remodel now. 'Fixing' the issues the foundation failure caused would bring it back to baseline and would not increase the value beyond baseline, as every other house in this desirable area & neighborhood has either undergone full remodel to bring up to standard (at LEAST another bathroom) or been torn down to build a house to over standard. House is livable, foundation has stabilized, but there are cracks throughout the house. I would not expect anyone would want this house to live in as is, because aside from the new cracks, it still only has 1 bathroom. WE did,...

I own a house in Springfield I need to sell, but it needs work and my timeline is tight. Do I fix it up and list with an agent for top dollar even if it takes 60+ days, or just sell it as-is to a cash buyer with no repairs and a closing date I choose? I know a cash offer comes in a bit under market, but isn't that fair if speed matters more than the last dollar right now? For anyone who's done this around Eugene/Springfield, what should I watch out for? How do I tell a real cash buyer from a middleman, and is it normal to get a no-obligation number first so I can compare it against what I'd net by listing? Any honest advice would help. submitted by /u/Great_Witness_1871 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tvqcjp/selling_my_house_that_needs_repairs_what_are_my/

First time selling, anyone got any tips on how to get started? Do I list it somewhere, who do I approach for help? submitted by /u/Leobluetrailmap [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tvms5e/sell_a_house_in_nw_indiana/

Genuine question because I’m feeling a bit stuck. I’m looking at property in an area I don’t know especially well and after a while every listing starts sounding identical. Every agent says it’s a “great opportunity,” every suburb apparently has “strong growth potential,” and honestly I don’t know how people filter the noise. I’ve been reading different opinions and comparing options, mostly because I’m trying to understand how people handle due diligence when they’re not local. Curious how others approached this. Did you trust your own research, rely on local contacts, or get outside help? submitted by /u/Dima030 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tuxaa9/how_do_people_buy_confidently_when_they_dont_know/

So for some background I’m in the process of buying a house that needs some rehab work. We did the inspection about 2 and a half weeks ago and found out lots of the work that was “done” was done wrong and wasn’t up to code and my contractor would have to go back and redo lots of it. My realtor and I decided that it would be reasonable given the circumstances to ask for 14-16% off my offer price because the costs to fix the “completed” work was great. After a few back and forths the seller himself had a call with my realtor on Friday and rejected our number and said he would get us a number by the end of the weekend. It’s now middle of the day Tuesday and we haven’t heard anything and my realtor thinks we should send over a release of contract if we don’t hear anything by the end of the day. However, I really really love the house and after a lot of thinking and deliberation with close friends, family and my significant other who would be living there with me we decided we are willing ...