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What happens if you buy a house in an area where insurance companies are pulling out?

Hey everyone, I’m seriously thinking about moving to the coast -specifically looking at the Tampa Bay / Clearwater / St. Pete area. I keep hearing stories about insurance companies bailing on Florida left and right, and it’s honestly stressing me out. Like, am I about to drop everything on my dream home just to find out in a couple years that I can’t even get insurance? Or do I have to settle for somewhere inland that I don’t even really want? I’ve never owned a home before, but I’ve been helping my aunt sell hers in Michigan the last few months, so I’ve been diving way deeper into all this. I’ve been saving for three years straight trying to hit 20% down, and I’ve been extra aggressive with the savings because I knew insurance in Florida isn’t cheap. Now I’m starting to freak out that decent options might just disappear and I’ll be forced to either overpay like crazy or scrap the whole plan. Has anyone here actually dealt with this or is going through the same thing right now? What ...
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I'd rather have an empty cage than a dead dog

When I worked as an agent full-time, I remember hearing this. I see a lot of posts here from sellers complaining about how nobody wants their house. It is highly probable that your house is listed too high. Many agents are just happy to get a listing. Maybe your agent is inexperienced. Maybe they only worked through a seller's market and don't really know how a buyer's market works. Maybe you pressured them to list the house high with the thought that they can just lower the price a little at a time if needed. The thing is, when a house first hits the market there is energy around it. The agents do a caravan to check it out (at least they used to), and it pops up on the "new" pages. Open houses can be advertised with words like "newly listed" or something similar. When people see a house on the market for a long time, they just assume that something is wrong with it. Maybe it is a psychological thing. But they wonder what everyone else knows about th...

House listed 9 hours ago

It has 26 saves and 1,428 views. Does this seem pretty high for being on such a short time? submitted by /u/Feeling_Delivery2323 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uf8tau/house_listed_9_hours_ago/

Could it actually be bad to list a house below market value/Zestimate etc.

We are trying to offload our house this summer as we moved out of state and no longer want to deal with tenants. It’s a good starter home in a 30+ year old established neighborhood but by no means fancy. Our realtor suggested to list the house lower than most of the comparable houses listed in the neighborhood as there seems to be a lot of inventory and they are moving slow. I’m okay with that but wondering if being the lowest price in the neighborhood will be off putting to potential buyers who might think there must be something wrong with the house as it was a rental for few years What would you think as a buyer? submitted by /u/death_by_options [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uef44p/could_it_actually_be_bad_to_list_a_house_below/

what does a good sellers agent actually look like?

Looking for first hand experience. My home has been on the market for over 200 days and I am beginning to question my agent's abilities. I have followed all of his advice, when we first priced it, he said 310, I thought it was a but high for our area but trusted him, every time he suggested a drop, I went with it and we have since dropped it to 270k, below what I purchased for and what the house is worth. It needs no major repairs and there's nothing wrong with the house, just relocated for work. TBF, it is a more unique house (built in window catio, stock tank pool etc) and I know the market is tough right now so I don't mind patience for the right person but he's pushing back on everything I am suggesting like maybe trying staging instead of relying on ai and virtual pics etc. and just giving me feedback on things I cant really change like the grade of the driveway (the house is built into the side of a mountain). I don't want to be ageist, he's 21 and I am...

Advice: should I lower my house price and by how much?

My house has been on the market for 34 days now. I've had 8 showings but no offers. Currently listed for $515k. Comp: house down the street is almost the exact same and we both purchased our houses for the exact same price 4 years ago. She sold hers last month for $525k. Hers was on market for 90 days, then taken down, and then relisted and took another 45 days to sell. Mine is closer to the main road than hers which is why we decided to list for $515k instead. I was thinking lowering the price to $499k to get under the threshold of 500 to reach more buyers. My agent is hesitant to do this because that means I will not break even and have to bring a check to closing of about $4500. My thoughts are, though, that if it doesn't sell at our current price and I end up paying an additional 2 more months of mortgage payments, I've paid significantly over that amount anyways. Any thoughts/advice are much appreciated. Thanks! submitted by /u/Im_The_One [link] ...

Being Gifted House by Parent: Guidance for Getting Guidance

My father in law is getting older and has accepted that he needs some extra help around. Miraculously, this moment of acceptance coincided with my wife and I house hunting and struggling to get financing, and we're more than happy moving to that area. We both live in different parts of Virginia. We are both successful professionals, her as a well-known artist and I went from the military to IT to college and I'm doing fairly well in the music industry now, so I might pursue that rather than going straight back to a corporate gig. Either way, we both have no debt beyond our current COVID mortgage (golden handcuffs) and two very reasonable car payments, and more than $50k but less than $100k in our collective bank accounts. A few data points: - FIL is onboard with either co-owning the property with my wife and I, or us taking total ownership, whichever works better for our collective planned outcome. His intention was to pass the house to us in his will anyways, just figures u...

To counter back with original offer price or reject their counter?

The heading says it all. We placed an offer on a house that has been on the market for about a month with no offers yet. We offered under asking as there are some things we feel need to be done to the property and the house. Our offer was our best and final. They countered us asking for more. We are not wanting to change our price from original offer. Is it best to counter back with our original asking price? Or should we just reject their counter? To counter with our original ask feels passive aggressive, to reject is sending the same message in my opinion. But genuinely asking, which is better. Our realtor said she thinks to counter back is less harsh, but I think it’s kind of rude to counter back and not change our price.. submitted by /u/Life-Introduction693 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1udkzmv/to_counter_back_with_original_offer_price_or/

Thoughts on manufactured homes

Hello, my fiancée and I (20) both finish school soon and will be ready to move out of our respective parents houses by next year. We make good money in our fields especially for our age and was looking at manufactured homes for a first time buy since they are so cheap. Im curious what the general perception of these houses are and if its worth jumping into one as it would make moving out happen a little quicker or holding out a while longer for a small house. We have big plans for the future so renting is an absolute no-go as we need to build equity as soon as possible. We live in New Hampshire, USA if that changes anything. (average cost of a manufactured home sits around 150k-300k while most starter houses are around 300k-400k) All advice welcome, thank you! submitted by /u/capncrunch1227 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1udbpgh/thoughts_on_manufactured_homes/

Sellers - how do you handle an appraisal coming in lowww low compared to your asking price?

We’re in love with a 1960’s built country brick home on some acreage (the exact acreage isn’t known). The homeowners don’t want to wait for a survey to be completed. We think the appraisal is going to come in anywhere between 40-78k under their asking price (from talking to the appraiser, it’s still pending) there’s no record on when the roof was last done, the septic, or any updates since 1980. They also removed the wood burning furnace. It’s a 3 bed 1 bath. I want the home for whatever it appraises for, obviously not paying over appraisal. If it comes in way under, do you still sell it for that price? Do you wait and hope you can get someone that’s a cash buyer with no appraisal who over pays? submitted by /u/Remarkable_Royal_175 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uddx4m/sellers_how_do_you_handle_an_appraisal_coming_in/