Sold a home for ~500k. All costs related to selling the home totaled about 10% of the homes value. This includes more than just the realtor fees — things like repairs spent before listing the home (getting it ready to show) and costs incurred while listing the home (remedy requests, buyer asks, etc). Is this a normal number? Or is this high? It does include some deferred maintenance that should have been fixed a while ago so it may be a bit inflated, but I’m trying to figure out what an appropriate number is so that I can use it to discount my current house on my balance sheet moving forward. submitted by /u/JustHere4TheZipLines [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uroikr/sold_my_home_the_total_cost_of_selling_was_10_is/

Add of this week especially with the Iran tensions back on, the inflation forecast shot back up. If nothing changes that means an almost certain second rate hike before the end of the year. Inflation + rate hikes would mean high liklihood of an increase in home prices wouldn't it? Just when we were hitting a sight break... submitted by /u/itsthewolfe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1urlh5k/inflation_forecast_and_chances_of_another_ratev/

I’ve been looking to buy a home in a specific zip code since late February. Since then, I’ve gotten a general idea about home price ranges for size/condition/neighborhood through my agent’s comp knowledge and seeing what houses actually sold for/how long they sat on market. Since then interest rates have obviously gone up and houses have been sitting for a lot longer at their list prices. In the last few weeks specifically, pretty much all the houses that have listed have listed 10-30k higher than comparable houses that I’ve seen sell in the same neighborhoods, etc in the last few months. This surprised me because the market in my area has noticeably slowed down since then. I knew that the summer market was supposed to have more buyers shopping, is this trend probably a result of that expectation? Or is it likely just a coincidence? submitted by /u/emilyginger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uqzb5z/sudden_increase_in_home_p...

Hello! My wife and I bought a condo (3b 1b) ~3 years ago for 455k (with 11% down). After refi, we owe outstanding ~360k. We live in the Boston area. We're hoping to start a family in the next couple years, and also want a back yard for our dog. We've gone back and forth about whether to sell our condo and afford a nicer place, or keep it and rent, simply to build equity in it. Obviously our budget changes depending on a sale. Zillow estimates our condo has increased to ~$520k, so with that relative adjustment, and our down payment, we'd be looking at an extra (let's round down) 100k cash. I think I'd be willing to be a landlord, but NOT a property manager, so factoring in the cost of hiring that out does make me lean a bit towards selling. Especially with wanting to have kids, I'd wonder if we'd be signing up for too much stress. But at the same time, in today's market, it feels silly to give up property when it's hard for so many to do so. I gu...

So we’re potentially moving for spouses job in the next 6 months. It would be at least half way cross country and we obviously want to limit what we move with. Is it possible to list the house as optional partially furnished (I’m talking couches, beds, rugs, possibly tvs)? Could that be a potential selling point? Nothing tiny/no trash. Not really looking to make extra money not having the headache of it all would be worth enough. Obviously if they didn’t want it, it would be removed. submitted by /u/rushthetrench [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uqqym7/selling_home_as_optional_partially_furnished/

We live in a very HCOL area and I have the opportunity to buy my grandparent’s house with 1/4 as a gift of equity. Quite frankly that is the only reason I could afford it. I plan for this to be my forever home. This house is owned by my dad and his sister. All are in agreement to sell except my (only) sibling. She is arguing that if they were to keep the house and sell in 10 years instead (they’re in their early 70s), that she would get significantly more money. She is asking for the house to be appraised when they die, and for her to be given the difference in her 1/4 from the estate. Or else she will ‘go nuclear’ (whatever that means). Is this a fair ask? submitted by /u/crash_cove [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uqm75c/wanting_to_buy_my_grandparents_house_but_sibling/

Curious about what my options may look like if I decide to change gears in the future. submitted by /u/RomanKnight2113 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uq1o56/people_who_started_as_agents_before_switching_to/

is a well landscaped pollinator garden a bug or a feature? it is a certified monarch waystation full of native blooming wildflowers. lots of butterflies. it doesn’t look super neat like a row of boxwoods would, but the flowering perennials are planted in rows and it’s beautiful IMO. our real estate agent didn’t have an opinion. submitted by /u/SitaBird [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1upwhtz/should_i_dig_out_my_pollinator_garden_and_sod/

As the title says. I found a very unique house that fits my family's needs, but the seller is asking for way over what it is worth and aren't willing to come down. They originally listed the home for $795k. They've dropped it down to $770k, we counter offered $745k and they countered with $760k. Built in 1990, has had some remodeling done but not by professionals. The floors are lumpy and uneven linoleum. The roof has *maybe* 3 years left, but also some areas already show rot so basically the whole roof will have to be replaced immediately upon moving in. The sellers are not willing to put any money towards the roof, or take any off of listing price. It has a HUGE deck in the backyard, but some support beams have rot so will also have to be replaced asap. All of the windows are old single pane lead windows that haven't been maintained, so they're difficult to open and shut. They also lack screens and I have young (9 and 7) year old kids. One of the larger windows i...