It’s been four days since we put an offer on a house we love, in the mid-Atlantic. The home has been on the market 42 days, and comps show the home is $5-$10K overpriced. We did hear from their agent on Friday afternoon that the seller wanted to review the offer with her daughter, and she was waiting on the outcome of another showing. But we’ve heard nothing since. OFFER: Full price ($405K), cash. DEPOSIT: $15K INSPECTION: No repairs or credit unless over $5K (we don’t expect there to be any) CONTINGENCIES: We settle our current house on 6/12, so settlement contingency. BUT…my mom has to sell and settle her house still (it’s listed), so there’s a sale contingency as well. We’re offering an agreement of sale deadline of 6/30 on my mom’s home or the contract is void. We also included a kick-out clause, which allows the seller to continue marketing and showing the home and receiving other offers. We’ve provided proof that our home is under contract and estimate of net proceeds follow...

So my wife and I are first time homebuyers and we’ve gone through an agent we really like before, but at the time I decided to stop looking because it wasn’t financially viable for us to buy over renting. Fast forward 2 years to present day and my thoughts were still the same. We have our rental lease until March 2027, but my mother in law’s neighbors house is getting ready to go to market next month. She knows the seller very well and they’ve let us view the house a couple times already. He’s wanting more than I’m willing to pay but is looking to get it sold ASAP. My last preapproval was only for 220k as I’m the only income in our household and he wants 250. So my MIL has been bugging me to get a new preapproval, despite my income barely changing lol. So really just to appease her, I got a meeting with the bank to discuss a preapproval and I actually got approved to 250 and the guy said we have a little wiggle room. Didn’t ask how much because I don’t care to pay more anyway lol. ...

I’m selling my house and it’s rough, as-is. I already expected issues to come up on inspection. This inspector, however, speculated about two major issues. One being that he thinks part of the home was once a mobile home based on the size and slope of the roof in one bedroom. There is no evidence to support that filed anywhere with the county, nor in any of my purchase documents/survey/title/appraisal, etc. I find it really upsetting and concerning that an inspector would list that based on a hunch. What should I do? The house is old and stuccoed and there isn’t anywhere inside the home that indicates that it was mobile. submitted by /u/take_meowt [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tt1ddp/inspector_speculated_and_buyer_terminated/

Anyone lives ln a townhome? From what year? And how is the noise performance with your neighbors that you share a wall with? What things can you hear? What about sex noise for example? Foot steps? Screams? Idk submitted by /u/the-furry [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tszenm/hows_neighbor_wall_noise_in_a_townhome/

Here, real estate rents are tax free, up to 6k in local currency. Tenants pay the equivalent of annual property tax (it's really municipal resource usage tax). Tenants pay their own electricity, water, and bring their own appliances - much like in parts of Europe, and Quebec. One also needs to put down 50% to buy a secdonary property - but surprisingly this keeps rents down, and rates of return don't match anything close to what I've seen in North America. The long and the short - I constantly debate buying (residential) property, to rent it out. Property growth is probably 2-3% annually (which in the future is capital gains). The tenant would absolutely cover the mortgage, or 90% of the mortgage (fair enough). Thinking through this, is this a reasonable hedge with a bit of growth, that is also disconnected from the market? Or, am I, in reality making my life a bigger headache, when I can just lock in low 3-4% growth in a local currency ETF (and yes, pay 25% capital gains)...

Im planning to buy a townhome around the 200k-300k, 2 or 3 bds, around DFW but most of them are from the 80's, 2 bedrooms, and no garages. And I recently learned that most of the structural, piping, and electrical issues start and need to be completely replaced around the 50 year mark. Even if the home is beautiful remodeled (I know it is mostly aesthetic) am I buying a liability? Anyone has had any experience about buying home from that age range? submitted by /u/the-furry [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ts5wiy/is_it_a_good_idea_to_buy_a_townhome_from_the_80s/

We are buying a home in New England where the housing market is extremely tight. Our realtor is seeing offers 50k+ over asking in our price range ($650-800). First off, that’s absolutely insane to me. Second is that we CAN do that but want to avoid blowing past the highest offer. We lost to higher offers three times in the past month despite waiving appraisals, mortgage and inspection contingencies (where appropriate). We’re told we were close but not enough but no one tells us how close. Now we’re going for another this weekend ($699k) and plan to put a strong offer in today. Went to the open house last Thursday and going back today to gauge interest. They already have one offer so we know we have to go big to go home. Our plan is to offer $730k escalating up to $765 in 3 or 4k increments. We can waive mortgage contingency and cover a hefty appraisal gap (one lender already said they can only guarantee up to 718k). We can also waive inspections (we’ve owned five homes in the past and...

Selling our house of many decades and downsizing to a rental apartment. Moving out, having work done (paint/new carpet/repairs) to the empty house for a few weeks, then staging and on market. So here is the concern, do I have to change my insurance to non occupied. right away? We will be in an out for a while, but eventually more out than in after it hits the market. I know vacant house insurance is way higher than occupied, so I don’t want to be spending $1000/months when it’s waiting to be sold. (Which, fingers crossed, won’t be too long.) I am going to talk to my RE & insurance agent, but I’m wondering if other people have dealt with this and what they have done. I’m in New England in an HCOL area, low crime, no flooding risk, but obviously things could happen, people could get hurt touring the place, etc. It might be worth it to stay there a couple of nights or get someone to house sit trying to figure it out ahead of time. house will go on market after Labor Day. submit...

I will be relocating and will need to sell my single-family home (SFH) and purchase a new apartment. submitted by /u/VAer1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1trsiyz/navy_federal_realtyplus_is_it_good/