Went under contract with the understanding theyre getting a new roof. Inspection went fine, fixed all inspection asks and they got their new roof. In the process of the roof, the roofing supplier backed the crane truck onto the driveway and cracked it clean in half on the ‘bottom’ two slabs. The repair, which is basically an entirely new 1/4 of the driveway is $2500, the supplier is paying the repair, and the roofer agreed to toss another $2500 out of pocket for their troubles. The concrete contractor quoted the repair, and then he quoted the cost to replace the entire bottom half of the driveway (instead of just the broken half). The buyer is demanding a new culvert pipe (another $2500 cost) because the concrete guy mentioned that it could have cracked due to the pipe, but cant confirm until he pulls the concrete out. He also said its completely normal for that to happen to a 40 year old culvert, and it was unlikely that it would have happened if they didnt drive the crane onto the ...

I'm a long-term buy-and-hold investor. Arguably, the most important part of which is choosing your location. I want to fact-check my current belief and get your opinions, whether they support or go against it. My belief is that the most popular metros that people have historically moved to (NYC, SF, LA, Boston, Miami, DC, etc) will continue to grow and outpace the rest of the country over the long-term. I don't care about the recent migrations to TX, AZ, etc. I'm talking about the ideal locations that people frequently talk about in subreddits like r/samegrassbutgreener . The places that people from overseas know about and want to visit and move to, and the places where the highest density of jobs and skilled workers live. Currently, you can buy a 3BR house in Cleveland, OH for a little over $100k. The same house in Palo Alto, CA would cost around $3M. I don't think that the gap is going to close. In fact, I think that it is going to widen. Why? The most popular cit...

Our current situation - We recently purchased a home with a bridge loan, using our current home as collateral, with the understanding that our current home would sell to pay off the bridge and move new home into permanent financing. We are having trouble selling that current home due to the market (I really don't need people telling me we made a stupid decision, I already understand the position that I am in and just looking for guidance). We have enough equity in the current listed home that we are willing to take a pay cut just to get out of this situation before the market gets worse, as a lot of data is projecting. The home we are trying to sell was built in 2021. No upgrades or significant repairs needed. We are exploring OpenDoor, and would like any and all experiences with them. Am I crazy for looking at this as an option, or have people really had good success with them? submitted by /u/Helpful-Plankton751 [link] [comments] source https://www.redd...

We have been house hunting for the past couple of months. Primarily focused on the new builds in the greater Cincinnati area. These are the experience with different builders: We went and toured the house. The house was about to be completed. It seemed overprice, after a while we settled on price. But after asking about inspection/appraisal contingency, the builders agent started ghosting us. We reached out back to this builder whose house we have toured before. This house has been sitting for 10 months. Settled on price but asking for inspection/appraisal contingency, the builders agent flat out refused us. We had a real estate attorney helping us out. We had no choice but to walk away. Is this common? People just sign the new build contract by waiving the inspection/appraisal contingency? Researching further and it seems most new builders here follow the same template. We are very close to giving up on buying new houses and start exploring older houses? Any advice/recommendatio...

I’ve been in the real estate business since 1993 and over that time, rental and Sales listings with blonde hardwoods sell for the highest amount and sell most quickly. So why wouldn’t all owners want blonde hardwoods at the time they are ready to refinish their floors or install new floors? submitted by /u/Weird7954 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x5q2lp/why_dont_all_people_refinish_their_hardwoods/

Here’s the deal I struck with a contract buyer: Purchased 2024 at $370,000 Owe: $288,400 Paid out to me this month: $32,500 October 2027: $5000 October 2028: $5000 October 2029: $5000 He pays all the closing fees. Legal clause in contract: If he misses 3 payments in a 12-month period, the house and deed go back into the name. He wont because he owns like over 75 houses. He pays my legal fees too. I have it listed with a realtor right now with no showings in two weeks. The market is rough right now selling in Iowa, and it’s only getting colder. If I sell it at $350k I’m basically making the same amount of money after realtor commissions. I’m still considering it because I have about $40k in debt I want to pay off. submitted by /u/TCPisSynSynAckAck [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x5czng/is_this_a_good_contract_deal/

For preface I am a buyer. There is a home that has been on the market over 150 days. From what I can see, there has been one offer that was later withdrawn and the asking price was lowered around $20k. I put in an offer at listing price. They messaged my realtor saying that they wanted $ 1 more than was I offered (the listed price) and said they will not complete any repairs or offer any concessions. I was fine with that because i will have money left over for repairs. We have also asked for a disclosure multiple times but still haven’t received anything. My realtor sent a revised offer and they have not replied since. The offer is due to expire today. To me it seems like the seller doesn’t really want to sell the home? Is this normal behavior? As a realtor would you let a seller do this type of thing? submitted by /u/Own-Negotiation-1422 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x56kuj/as_a_realtor_what_do_you_do_in_this_instance/

So before I go any further, please be respectful. I’m being vulnerable here and sometimes, Reddit is a breeding ground for superiority complexes. So for context, my wife and I bought a house in California in 2023; we were making good money and we lived comfortably. We had money in the savings, could afford everything easily, and things were going really well. Then it hit us like a ton of bricks. Around a year and a half after we bought our house, my company made the decision to restructure to cut costs, so they laid people off and drastically reduced our hours for the people that were left. I went from working 60 hour weeks for the past 8 years to suddenly working 35-40. It was a punch to the gut. Then a month later, we get hit with an escrow shortage and our mortgage went up $1000 a month(apparently we’re in a fire zone so insurance skyrocketed) we have a son with autism, so us working two jobs wasn’t plausible, but two jobs still wouldn’t have been enough to compensate for all that...

So all last week apparently nobody worked on my file because the processor working on it was on vacation all week and my closing date was supposed to be this week. This company has it setup to where nobody else can access the file at all except the person it’s assigned to and if they are OOO you’re just SOL. Mind you they have 100 employees and multiple locations. Is this normal? Cause it seems kinda dumb to me submitted by /u/8WmuzzlebrakeIndoors [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x492it/closing_might_be_delayed_by_title_company_because/