Location: DC, USA 4 unit home, VA home loan, buyers occupy 1 unit. At the time of the initial contract, 2 units vacant Seller keys do Not work to open unit 45 day close tenant will be known as " unit 2 " I am the home Buyer in this case; went under contract, and seller approved a visual inspection. the property is great, my wife loves it. At the start, we were considering a VA/FHA rehab. Upon confirmation from our lender, that would extend closing approx. 3 months. we have decided to go regular VA, and use our cash to at least remodel our unit. I met with this tenant while first viewing the property. The initial offer had a contingency for a Feasibility study, and an Information only home inspection. on day 2 of 45 the inspector pulled up for a feasibility. he said he would return with his partner for a home inspection Day 6 of 45 Inspector returns for full home inspection: Unit 2 is not available to to allow entry. The seller agent has notified us that this i...

Just want to hear some opinions on this because this got me really stressed out, and not sure if I'm making the biggest mistake of my life, or not. My wife and I found an incredible house, it was 850 and with the help of our agent we started negotiations with initial offer of 825. Sellers came back at 840, so we sent a final offer of 835, or 830 with right to inspect but no request. Now here is where i think the misunderstanding is: We were told by our agent that what this means is that we dont get to request repairs on small things, but if anything big comes up we can absolutely negotiate. Well sellers accepted the 830. Appraisal actually came back at 830 too. Inspection comes back and there are tons of things, some cheap, some expensive; well i say no biggie, i can deal with it. However, there are about 5 or 6 big safety hazard things. We negotiate and conclude that 2 of those are not a big deal in some people's opinion, so we take them out of the list. Of the remaining 4, ...

We listed a duplex for sale a couple of months ago for $525k. The market has been slow, but we finally have a serious offer negotiated at $503k (seller pays buyer agent's commission, no additional seller closing costs). I'm on the fence. Should we take it? Relevant info: We own three rentals in addition to our personal residence: two duplexes and a condo. The duplex we're selling has a mortgage of $279k at 3.5% interest (we bought in 2021). Net cash flow has averaged $1,100/month over the last couple of years. Net proceeds after selling costs and taxes (hardly any taxes due to an existing deferred tax loss carryforward) would be about $191k. We decided to list it in order to pay off two high-balance personal debts: $106k HELOC at 7.5%, and a $28k solar loan at 6.5%. Our realtor convinced us it could sell for $525k, which was a lot more tempting than $503k. We're able to afford the HELOC and solar loan payments, but not much extra, so we're probably looking at 6-7 ...

Obviously, it will vary from home to home but it would be great to get an idea from realtors on the actual amount of work so we can come up with a fair value for services. Can you please itemize as well thank you. submitted by /u/phonyToughCrayBrave [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vdfeqa/how_many_hours_on_average_does_a_seller_agent/

Hello everyone!! My fiance and I have been eyeballing homes, and we've only been apartment renters before. It's been difficult to make sense of everything and we don't really know where to begin! Starting Info: - I am in my mid 20s, he is in his late 20s, and we are unfamiliar with the "norm" for buying a home. I have okay credit, but he has great credit. I've got no clue how to talk to a real estate agent. - I just started a new job and he also got a very significant raise earlier this year, so I am only able to estimate our current income is at approx. $120-130K. We have no children and do not plan on having any. - I do know that we want to do a joint tenants with right of survivorship situation. That's really the only thing I know for certain I should make sure we do, but I don't fully understand all of the concepts surrounding what that means. - I know we're supposed to get everything inspected. We would be hiring an inspector with no conn...

We are in the process of relocating to another area of our country and are sure about the area. We have prepared ourselves with extensive comparisons and lists of ‘dealbreakers’, must have and nice to have elements. Now that we are getting closer to choosing we found that my SO and I have a different favorite. Their one makes most sense on paper, but is about 100k more expensive than my favorite. They are very different houses, and it got me wondering: is it better to choose the ‘sensible’ house (theirs) or the one you fall in love with? Is there such a thing as ‘the one that got away’ when it comes to houses? I find myself mentally decorating my favorite. Their favorite has zero character, this all needs to be out in. It’s more of a blank slate. Mine has character, but is the lesser choice when compared to practical elements. Any thoughts on this? submitted by /u/NoCardiologist1461 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vd7...

This is a high end house and the pictures are all blurry and low resolution. Not only that but they are in no particular order and several of them are shown twice. We’re in a seller’s market so I’m pretty sure the house will sell but they aren’t doing themselves any favors. The listing just dropped today but if this was me I’d be on the phone with the agent screaming bloody murder. submitted by /u/VeryStab1eGenius [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vd0b7z/neighbor_selling_their_house_and_the_listing/

Last year my mom died suddenly and I inherited her home in SE Raleigh, NC. It’s a 3 bed 2.5 bath in the Biltmore Hills neighborhood, built in 1960. I live in a different state. Unfortunately when my mom passed, she had a scumbag boyfriend living with her. After she died, he refused to leave, even though he had zero legal claim to the home. It took 9 months and thousands upon thousands of dollars to finally get him out. When we were able to get inside, we found he had completely wrecked the place. He didn’t take a sledgehammer to the walls or anything like that, but it appears that he was some kind of hoarder. There are a dozen bicycles, half a dozen grills, piles and piles of clothes, and tons of random junk everywhere. The whole house smells like poop, but we haven’t seen any waste anywhere inside. There are large dark stains on the carpet and smears of stuff on the walls. There is a wooden back deck where he evidently kept his dog. It has trash strewn about and some piles of dog po...

I couldn't find a rental analysis spreadsheet that didn't feel like it was built in 2003, so I made one that actually looks professional and covers everything I wanted in one place. What it is: One INPUTS sheet where you drop in the property numbers Automatic loan amortization over 30 years Dashboard with monthly cash flow, cap rate, cash-on-cash, DSCR, GRM, 1% rule, break-even occupancy 10-year projection with IRR and equity multiple at exit Sensitivity tables for purchase price vs. rent, and interest rate vs. rent Comes with an 18-page PDF quick-start guide explaining every metric If you're the kind of person who wants to see every number before making an offer, this is built for you. If you'd rather build your own, the formulas are standard — I just did the formatting and integration so you don't have to. The link is : https://www.etsy.com/listing/4547352337/rental-property-analyzer-excel-template Happy to answer questions about how any of the calcula...