I’m in PA. My elderly aunt talked to a buyer for an As-Is sale. They “offered” to come have a look and got her on contract same day. It’s a bad contract with zero protections for her and leaves her open to liability for issues with the property despite saying is an As-Is sale. No money has changed hands and she’s 80. Can we rescue her from this shady buyer? Is there a 24 take back in PA? Can she cancel due to no $ and contradictory terms?? submitted by /u/Fern-green7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u6idbf/help_elderly_aunt_signed_bad_contract/

I live in a super HCOL, high competition area. I’m wondering, do deals fall through in these kind of areas? It seems like buyers in this market would be super prepared and ready to pull the trigger once they find a suitable home. Honestly just wondering! submitted by /u/iloverats888 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u6eqhf/do_deals_actually_fall_through_in_high/

House is a beautiful Victorian built in 1910 but has no central air, just window units. The house is empty and the seller has already moved out of the country. Both times we’ve visited, to view and then for the inspection, the ACs were off but a single dehumidifier remained on in the basement. The inspection flagged old water damage with no active leak but some peeling paint. I’m almost positive that the peeling paint on the ceiling was not there the first time we looked at the house and am now concerned that it’s a result of no one living in the house/running the AC/airing it out. The gutters are also clogged and some trees need to be trimmed, we’ve been having a lot of storms so I worry that if left as is for the next 2 weeks I will walk into a horror show on closing day. I’ve texted my real estate agent about this but haven’t heard back yet. submitted by /u/brattynattylite [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u5q5yj/seller_is...

I’ll start with saying I REALLY like/want this house, but not at all costs. It checks all my boxes and then some. Located in WA state in a town where market is softening, but this house is an outlier. It’s in a very desirable neighborhood where houses rarely go on the market. It’s been on the market for only 11 days Listed at $365k 2bd/1 bath, ~1800 sq ft and there’s a lot of potential for adding value in a neighborhood that can support it. (Houses next door are estimated at over 1M) Beautiful 1920s craftsman, in decent condition but needs some work and updating, (refinishing floors, will probably need a new roof in 5 yrs or so). I can do a lot of the work myself. I know with old houses things are bound to be discovered during inspection. I made a cash offer for $350k and sellers agent said there was another offer that came in and is asking if I want to change my offer. Thoughts on what I should counter with? submitted by /u/Bananenpannenkoeken [link] [com...

I’m trying to buy out a co-owner and keep a jointly-owned property. We had an appraisal done, but the other party disputed the value and had the report withdrawn. I’ve tried to get a realtor CMA (offered to pay for it) but haven’t had luck finding one willing to do it for this purpose. Lawyers are now negotiating a new appraiser. In the meantime, I’m trying to get a better sense of the local market—any insight on recent trends/comps in the Pittsboro/Chatham County area would help. submitted by /u/Certain_Steak_799 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u4psua/can_anyone_provide_insight_on_the_housing_market/

Hi everyone, Currently selling my home in MA. We have a buyer, and we're suppose to close on June 30th. Buyers have signed the p&s (given 2nd EMD), performed their inspection, did the appraisal. We had a loan commitment date contingency which was June 12th, but my agent reached out and said buyers are requesting an extension (2 business days) until June 16th, that they're still in underwriting. Is a loan commitment extension normal during a process? Other than this, buyers have been pretty good and easy to work with. submitted by /u/astral_soul [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u4ondd/is_a_loan_commitment_extension_normal_or_redflag/

So we're looking at a home, 2 bedroom ranch built in the 1940s. When we went into the basement there were cracks in one of the walls and we were told the issue is being repaired, new beams are being put in, structural engineer had his plan laid out and signed off and seller is doing this before the home closes. This is in an incredibly competitive area in NJ. Is this a huge deal? Our realtor said it's not uncommon in this area but curious on the thoughts of others. Thank you submitted by /u/scarf682 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u4ehe8/seller_is_having_new_beams_put_in_with_a_30_year/

Hello all, very new to this Sub but am asking for a friend who lives in Illinois. Grandparents want to leave ownership of their home to their granddaughter and it seems that TODI is the best way to do this? Both grandma and grandpa are on the mortgage and house title, how would a TODI work if the house is under two people’s names assuming their death happens at different times? Thank you submitted by /u/BalloTheWise [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u4b6we/todi_illinois_question/

What have you seen go well/ go badly when a seller has an attorney close on their behalf? Trying to avoid very long, expensive flights. Thanks! submitted by /u/SmartyChance [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u451bz/using_an_attorney_with_power_of_attorney_to_close/