we are relocating to miami at the end of summer with our family and need to choose between building a new home or buying an existing one. the idea of building appeals because we can include features like impact windows and energy efficient systems right from the start. this could mean lower utility costs over time and better protection against storms common in the area. however buying might allow us to move in faster and settle before the school year begins. we spoke with contractors about building costs and timelines but are seeking input from others who have built in miami. what was the actual timeline and total cost difference compared to buying for those who went the new construction route. any advice on navigating permits or market conditions when deciding between the two options. submitted by /u/Crystallover1991 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tnalw1/build_new_home_or_buy_existing_when_moving_to/

We purchased a home in 2020 but only my name is on the deed/title (her lack of credit at the time prevented the loan we were trying to get). We are about to file for divorce & the house will be listed in 2 weeks or so. We are in Washington so there is a 90 day waiting/separation period before we can make the divorce final, if that matters. My question is: will the profits go to me as far as taxes go? We are splitting the profits but I am concerned that if we file for divorce prior to the sale of the home it will all fall under my name. Potentially surprising me with capital gains tax at the end of the year. Is the $250k threshold for long term capital gains exemption strictly for profits on the home, not counting regular income? If so I will be below that. Should we talk to the title company about adding her to the paperwork before we list the home? I’m hoping to get ahead of a major headache. Appreciate any help! submitted by /u/nothingwascool [link] [c...

34, single. about $740k in retirement (401k, mega backdoor roth, backdoor roth, and brokerage). $250k in a money market account (emergency savings + down payment savings). income is $150k-250k, depending on the year. currently renting for $1800/month. considering a condo in downtown nashville. would put $100k-150k down (20% minimum), leaving $3600/month between mortgage/insurance/hoa/taxes. considering the current market, appreciation expectations for a downtown condo, etc... would it be financially smarter to keep renting & investing? i'm out roughly $22k/year in renting costs, but i'm able to invest everything else, making 10% interest. submitted by /u/europeanuppercut [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tmm38d/stuck_between_buying_a_condo_downtown_nashville/

King, Snohomish, and Pierce counties? Curious on a modest house price history. Like 1800-2200 sqft. What was the price in 2010, 2015, 2020, and today? Are prices softening since broad layoffs? Anyone got an example anecdote? submitted by /u/HarryCrushNuh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tmdkke/seattle_market_has_anyone_tracked_house_prices/

We put an offer in for a house asking $525k (nc), we offered $515k and the sellers came back with $520k, we agreed asking for 0 closing costs. Our realtor at the time said this would be best for our offer to be accepted as we have lost out of 4 other homes already. She assured us we could negotiate for this later on. Now we are in the process of negotiating and found there are trusses in the attic that need to be fixed and the ac will need to be replaced. The sellers agreed to take care of the trusses. We are asking for $13k in concessions to cover the cost of the ac and some of the closing costs. The sellers are agreeable to $9600. We really want that much for repairs, + extra for closing costs. Is that reasonable? Our realtor seems to this it isn’t considering the market and the home being in such good shape for a 20 year old home. submitted by /u/JasmineDragon22 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tmgrkj/are_we_being_reasona...

My sister and her fiance split up and he left. He paid the mortgage for the mobile home, but it was in her name only. She was a stay at home Mom. She has no income, and unsure of how to pay. She's wanting to move back home several hours away. The mortgage is $900 with a $600 lot rent. She will be contacting the lender after the weekend. The community where she lives offered to buy the house for $10k under what she's owes. She's only been there 2 years. It definitely needs work. HVAC, roof, siding, etc. Her credit is already horrible from having no income or credit cards. Should she apply for short sell, deed in lieu, or just file bankruptcy? submitted by /u/iamMRawkward [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tm91pw/need_to_sell_house_asap_appraised_10k_under_owed/

Backstory: We’ve been casually working with a realtor, she’s been great. Understands we’re not in a huge hurry to buy, isn’t pushy, is easy to get a hold of. We toured two homes with her yesterday (Friday) and really are considering putting in an offer on one. But I’d like to take a second look to answer a couple questions we had and be more analytical before that. Houses are going quickly here, especially in this price range. However, how okay is it to contact her on Memorial Day weekend? I don’t want to be rude, and am not sure the etiquette here. submitted by /u/cordial_carbonara [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tllrxl/etiquette_for_contacting_your_realtor_on_weekends/

The backstory: I live in a subdivision of SFHs. I recently ran some comps on the neighborhood to determine what I might get for my home if I tried to sell it. I was surprised to find that approximately 40% of the homes near me are rentals. Recently, a damaging storm came through the neighborhood causing tree/hail damage. I had noticeable damage and an adjuster just confirmed it. My question: The damage caused to my home is being covered by my insurance (minus deductible). Many of the homes around me are also damaged but because they are rentals, the tenants don't care ... and the landlords don't know (most are OOS). How do landlords handle this situation if your property is damaged yet the tenants do not care enough to notify you ... especially if you are OOS. Thanks ... submitted by /u/dudreddit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tliari/property_damage_question_for_landlords_of_sfhs/

Location Arizona I’m selling a house as-is for my father who has been diagnosed with dementia. The house is in some disrepair and I’m not local. I was clear with the realtor I wanted as-is, and have no interest in making repairs. We received a number of cash offers and one who needed financing. As the financing offer was significantly higher (and even over asking!) I accepted. -seller opted for a home inspection and there were some plumbing issues noted. Asked to have me repair, I told the realtor no, and the buyers decided to proceed with sale. -their lender then came out to appraise and noted some mold in one area. They are unable to secure financing without remediation. They have asked me to pay for it and then have more testing. As this involves probate court, it’s pending a hearing with a judge to even go to closing. While this is procedural and I have no reason to believe the judge will object to the sale I am unwilling to do work on the house before the hearing. I truly don’...