Hi all, working and navigating a sale of my property so sorry if there’s already a post out there discussing this. My property (unable to get a certificate of occupancy without renovations) received a few offers, one all cash but 40k below asking, and another at asking with a seller concession but with a conventional renovation loan. Obviously I’m biased toward the higher offer, but there’s the risk of it falling through. It’s good that it isn’t FHA (less red tape, I’ve tried one before when buying and it’s a pain for all involved). Is a conventional renovation loan better/less of a roll of the dice? Note I have a mortgage on this place and higher offer will repay with some left over, which puts added pressure on making that work. Thank you! submitted by /u/fuckimbackonreddit9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdx943/risk_of_selling_to_a_conventional_renovation_loan/

“It’s the price” Done been dropping the price since listing non stop! I think the comps was way off to begin with and here we are now. https://www.zillow.com/homedetails/1280-Stow-Ave-Pensacola-FL-32503/44663033\_zpid/ submitted by /u/MrPrimeribs [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdoipx/why_is_this_house_not_selling/

Interested in a property in houston TX, agreed on a price with the seller and sent out the contract and things got a little messy. 1. They wanted to close super fast 2. Seller told us that they don’t want to purchase a new survey and if the title company doesn’t accept the one from 2022 that we would need to purchase a new one. Which we agreed to. Now that we agreed to all their terms the sellers agent told us if the title company says the property is smaller than what’s written then the price won’t be adjusted. My realtor is telling me that he’s never seen this and frankly I don’t have enough experience to know what’s going on. Looking for any outlook that can be provided. For more context this is 2 vacant lots that are next to each other and I want to build townhomes on them. Thanks in advance. submitted by /u/HPAX123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1td3nvg/red_flags_from_seller/

Looking for advice: Who could structure this deal? (Real estate attorney?) Has this been done before/what is it called? My mother just passed and my father is headed towards retirement. He’s owns their home worth approximately 2 million, 600K left on mortgage with a $4.5/mo payment. He CANNOT sustain this payment (and everything else that goes into a home) in retirement and wants me to figure it out for him. Plan: I sell my home, take the ~300K in profit, and use it to build an ADU in the back where my father could live rent and utility bill free. I move into the home and cover the mortgage. I would like to legally take ownership of the home day 1 (we are already co-borrowers on the mortgage, me + my dad). I would like an attorney to structure some sort of deal where I make monthly payments to my father (thinking $2K/month) to “buy” the 1.4 million in equity from him. This would give him additional $ because he will be living off of social security. Me and my dad are 100% on board w...

Hi, it's me again, the downsizing single parent. I know y'all dislike new construction, but these are the options. Which would you choose? #1 M/I $349k, $8k closing cost credits, 4.875% 3BR, 2BA, small loft Small strip of "yard" in the back, then hill sloping toward the house (making me nervous with the heavy rains we've been having...) 1 block from 5YO's current elementary school (but still have to drive/bus due to busy roads) South-facing main bedroom and driveway, north-facing all other windows/rooms Surrounded on three sides by farm land (1 private owner, 1 "buffer" land owned by Flint Hills, 1 owned by National Guard, city said no plans for development on any of these lands right now) Vibe is quieter but also isolated Closing date: early June, would list current home mid- to late June #2 Lennar $351k, $6.5k closing cost credits, 4.875% 3BR, 2BA, no loft (but bigger bedrooms) Flat yard backing up to other set of townhomes' bac...

So my kid will be attending UC Berkeley soon. My understanding is he is guaranteed only 2 years of housing. I've been looking up properties close to the campus. I see 1 bedrooms for a little over 500k My question is if I were to buy one these properties and planned on renting it out while my son doesn't need it. Does it make financial sense? Is renting, as a landlord, make financial sense? Will I be able to rent out out easily? submitted by /u/Guilty_Perception_35 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tcsu1r/landlord_question/

Our house has only been on the market for 4 full days, and we have 250ish views and 14 saves on Zillow. I have no idea how many of those we should expect before getting a showing. So far we’ve had none. My main concern is if our realtor priced us too high out of the gate. We’re building a house and have time to sell, but I also don’t want to sit on the market forever and take price cuts. Worried that we’ll end up going way low if we get under the gun to sell on timing. Our agent wasn’t very helpful with pricing ours out. He gave me some comps and asked me what I want to price it at. I tried to pick something middle of his range but honestly, that number was higher than I was expecting before I started the process. He also took the pictures of our house by himself, and they were horrible. So bad that I paid out of pocket to get someone here to take pictures for me. 150 of the 250 views saw the original pictures. Can anyone let me know if I’m overreacting or need to make some decision...

About to start the process of doing a full gut renovation on a townhouse and need to choose a contractor. We’ve had candidates already walk through the house with us, so they know what is needed. Thanks for any advice. submitted by /u/trevathan750834 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tc272t/what_questions_should_i_be_asking_a_general/

Our house went on the market on Monday. We had a showing yesterday and have one today. I really don’t want to decline any showings as we’re very motivated to sell. We have a 3 month old baby and are moving back home to be closer to family. We also have 5 cats. For our first showing we got all the cats and litterboxes out of the house and cleaned like crazy. We also had the home professionally cleaned last week. All of our personal items are out and the place has been completely decluttered. I’m an ED RN that works night shift. So, that means that I can be here when there are showings to clean the house and get the cats out. But it also means there will be showings when I’m supposed to be sleeping. For instance there is a showing this afternoon when I’m supposed to be napping before work. Instead I’ll be picking up the house, getting the cats and baby out. Fortunately I didn’t work last night but there will be some days where I have worked the night before and go back into work the ni...