This is the first time I'm selling a house. My realtor told me that our house appraised for $2,000 under the contract price, but he's trying to see if he can get it to appraise at the contract price. I haven't talked to any other realtor about that, but everyone I've talked to that has sold multiple homes has no idea what that means and have told me it sounds fishy. What does that even mean and what does that even entail? submitted by /u/Thrustinn [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cbuktg/what_does_it_mean_to_try_to_get_the_appraisal_up/

Let’s say two people are deeded a triplex house, non married just friends, for these purposes say it’s an inheritance from an elderly friend who want them to have it equally when they die. Let’s say person A on the deed lives in one side and starts renting the other two units out. How does one make sure that person B is compensated fairly (50%). They don’t live there and aren’t collecting the rent. Are we trusting person A to do the right thing? What if they don’t? submitted by /u/vengeful_donkey [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cbsl06/if_two_people_own_a_house/

Hey guys! I've lived in Raleigh for about 2 years and my mother and I have just signed the contract to purchase a home in Raleigh at 407K. The house was in the 370-390 range for asking(i'm masking this for anonyminity) but my mother fell in love with it, there with multiple other offers, so we went in aggressively + wrote the sappy letter + did the due diligence fee (NC specific thing if you're unsure of what this is). ​ The house is kind of small - 1485 square feet, but has a couple things that are nice. It has a nice pool, a decently large outside deck, solar power, and a tesla power battery bank. It has 0.69 acres of land and no HOA so we're going to put a fence around the back of the property to make it more livable and safe for our dog. The neighorhood is very calm and quiet, it is relatively close to the highway to get to downtown Raleigh but doesn't have sound of traffic due to being on a long cul de sac type road and further embedded in it. The house has

I am trying to buy something on a contingency and time is running out (wasn't given much time.) House has been on the market for a month and have had a lot of showings, but only 2 offers. One was a big lowball. This most recent one initially said they had conventional financing, but changed it to FHA. I'm concerned about the repairs needed and passing inspection. Contract (i haven't signed yet) states that I'm only responsible for $500 of the FHA requires repairs, but I'm worried that buyers are trying to "trap" me into a situation because they know I'm on a contingency. I'm sure they will find more than $500 worth of repairs. I don't want to lose the house I'm trying to buy. Only have 3 weeks left to get under contract with someone else if I don't accept this. Advice? submitted by /u/DogNo2145 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cb1mn4/selling_with_some_repairs_neededaccept_fha_offer/

My wife (32F) and I (31M) own full equity in our home (worth around 600K EUR) as we recently just finished paying off our mortgage early. We are now considering buying our next home over the next few years. We are trying to decide between buying an old house for around 1-1.2m EUR and fixing it up (most require a total renovation, possibly even a rebuild), versus buying a home between 1.4-1.5m EUR which will be ready to move into. Some financial stats. We earn 145k EUR jointly. We have no outstanding debt and live in a country with free healthcare. We have private pension plans setup and will be sending our son to private school at a cost of around 10k EUR per year in around 2 years. A home loan here would be at a variable rate of anywhere between 3.2 - 4% interest. According to home loan calculators from banks in our area, we can borrow up to 1m EUR over a 30 year term. 1 - Buy an old home which requires renovation for around 1.2m EUR. Keep our existing home to live in while renova

I recently came across this type of renovation loan after a pretty desperate attempt to fix some major issues with a house I just bought but can’t afford repairs out of pocket. The HUD listings page is so out of date that most of the companies listed are no longer in business. Any leads on a lender in Texas (or that serves Texas residents)? submitted by /u/Inner_Programmer6520 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cazuea/any_title_i_or_choicereno_lenders_in_tx/

We are going to go look at a cabin on about 50 acres in the driftless region, and it is apparent that the previous owner used it for hunting and are using that as a major draw in the listing. We don’t hunt, nor do we plan to but we are more interested in the property for the acreage, seclusion, and proximity to where we live. We’ve bought and sold multiple homes over the years, but this will be the first cabin/vacation property if you will. This may seem like a dumb question since we are not really familiar with hunting/hunting land, but is there anything we should “consider” when looking at property that has been used as hunting land? submitted by /u/asics4381 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ca75bd/buying_a_cabin_on_acreage_that_has_been_primarily/

My family is looking for a home in a city that has super low inventory. The houses on market are either too small or not our style. We only want to move to this particular city and even within that city there is a premiere area and a ok area - we’d obviously prefer to have a home in premiere area.. What can we do when nothing is on market .. but we need to buy soon .. don’t want to move further out bc kids have established friends school community and no house is worth breaking that up… also don’t want to sacrifice on what we buy bc we have worked hard to get here and waited a long time submitted by /u/Asleep_Cartoonist231 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ca4dzf/opinions_wanted/

Basically did a Google/Reddit search and didn’t see a whole lot of this topic, so I just wanted to post it for others that might have the same scenario. We have an offer accepted on a house and in the last week we have done a very thorough inspection, rented a storage unit in preparation for showing our house, and have packed up perhaps a fifth of our home already with the plan to list our home in a few days, five days under our deadline to list (we did all of this within the last 6 days). Tonight after a day of hard labor, we looked at our realtor app (quick/easy way to access house details) and saw that not only was the house not listed as contingent anymore, but there was an open house tomorrow. Come to find out after a hasty response from our realtor that the app just must not show the house is contingent if there’s an open house. In details that don’t show in the app, our house is still contingent but the open house is still happening. It’s so frustrating - we are exceptionally