Skip to main content

Posts

Responsibility falling on my 75 year old grandma

Just a little back story. My great uncle passed away. my grandma, aunt and his son all are listed on the dude. The house is sitting there empty and no one in the family is helping her upkeep. She’s the only one paying property taxes and maintenance and is unable to sell the house because his son is listed and no one can get in contact with him. I’m working with her on getting a lawyer but wanted to get some insight. We’re in the process of getting a lawyer but has anyone else dealt with something like this? I was planning on buying it from her. My aunt and grandma said they are willing but if we aren’t able to find my cousin who is also listed, how could this play out? submitted by /u/KnowledgeMinute1035 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rcdm4x/responsibility_falling_on_my_75_year_old_grandma/
Recent posts

Everyone thinks 2008 is the ultimate blueprint for a housing crash, but the math points directly to 1926.

Most people forget that the 1929 stock market crash was preceded by the massive "Florida Land Bust" in 1926. Real estate froze first because the system ran out of credit liquidity, acting as the ultimate leading indicator for the broader collapse. ​Looking at today's frozen housing market and the silent commercial real estate defaults, it’s structurally identical to the 1925-1926 liquidity drain, not the 2008 subprime crisis. ​Does anyone else see this 100-year cyclical symmetry converging around 2026, or is the market truly "resilient" this time? submitted by /u/Prestigious_Mine_321 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rcc2j1/everyone_thinks_2008_is_the_ultimate_blueprint/

Is buying in Manhattan ever financially rational anymore?

Before I completely put the idea of buying in NYC to bed, I want a sanity check. Am I missing anything major here ? Reasons buying seems irrational: Property taxes and common charges alone often exceed comparable rent, before even touching the mortgage payment. Condo amenities are usually worse than new rental buildings and still cost more to maintain. HOA boards often overspend, lack basic cost knowledge, and don’t know how to manage or negotiate with contractors, leading to inflated maintenance and repair costs. Big ticket items elevators, roofs, boilers, facades come as special assessments on top of monthly HOA, and costs keep rising with regulations. Renovations and modifications are heavily restricted and sometimes worse than renting. HOA fees grow roughly in line with or faster than rent and never go down. Liquidity is terrible. Units can sit for a year or more. Transaction costs are brutal on both buy and sell. Insurance costs are multiples of renter's insurance,...

Primary home sale exemption, could we do this multiple times?

If we move into our second home and live in it for 2 years (claim it as our primary) to reduce the capital gains, sell it, then move back to the former primary, can we then live in it for 2 years and sell it and claim the same exemption? submitted by /u/profbraddock [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rbocbi/primary_home_sale_exemption_could_we_do_this/

When look at land/lots on Zillow, how do I know if I could park an rv trailer on it, or if I’d have to build something on it?

Can the local government (city/county) really prohibit me from living in an rv trailer if I own the land? especially if I move the trailer off the land every weekend? Also, is it true that most loans for land require having construction plans to qualify? submitted by /u/Zigzagzegzug [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rblfou/when_look_at_landlots_on_zillow_how_do_i_know_if/

In new high rise 2022 - Is mold / black spot acceptable in bedroom.

Good morning, I just purchased a unit in a high-rise. It was built 2022. Did a walk-through of the unit checked it over and couldn’t find any issues with it. Just arrived again after taking possession and noticed that there was a black spot in the ceiling of the bedroom that is from some moisture. My question. Is it acceptable when you’re moving into a new unit that’s only three years old or a little bit less than three years old that there is a constant drip or moisture ingress into the bedroom and possibly in the kitchen as well. I’m not sure exactly how to handle this issue as it wasn’t disclosed to me and so is being difficult, just wondering if there’s any solution to this and what basically should I do? submitted by /u/JohnMcafee4coffee [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1raq1l5/in_new_high_rise_2022_is_mold_black_spot/

is it really necessary to use a buyer’s agent to purchase a fixer upper/cheap house?

not gonna give the background context of this cause it’s a bit involved. it’s not important. if i’m looking to buy a $100k cheap house (fixer upper or not) my main concern would be just have an inspection or two and know exactly what issues there are, if any. why not just go directly to the listing agent? i know the listing agent’s primary responsibility is to the seller. but at that price point i honestly don’t care about any price adjustments. would be more important to know ahead of time what i’d be getting into. submitted by /u/joepb70 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ranul2/is_it_really_necessary_to_use_a_buyers_agent_to/

Is it even worth paying a full-service agent, or should I use an online-only one?

I am planning to sell my house in the next few months, and I am really nervous about the whole process. This is the first time I have ever sold a property, and I want to make sure I do everything correctly so I do not lose money or end up stuck with a bad deal. I am trying to decide if I should pay for a full-service agent who handles everything or if I should use a cheaper online-only service and do most of the work myself to save on the high commission fees. I found a site called ParkGate Estate Agents while looking for local experts, but I don't know if their full-service approach is worth the extra cost. Has anyone here used them before, or do you have other recommendations for reliable agents? Are there free things I can do to increase my home value before the valuation? I am looking for the best option that balances a good sale price with fair fees. submitted by /u/MetalPsycho [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1raldx3/is_it_eve...

thought the transaction was done then the move unraveled it

closing felt like the finish line. keys handed over. papers signed. i treated the move as logistics. the quote seemed clear enough. then pickup happened and the price stopped being a number and started being a conversation i could not exit. someone wrote this up after watching a move fall apart in real time and it matches how often these situations play out. not dramatic. just inevitable once certain steps are skipped. https://www.reddit.com/r/movingpolice/comments/1qsxz13/smiling_movers_and_discount_banners_do_not_mean/ sharing so moves get treated as an afterthought in real estate and they should not be. submitted by /u/Tiny-Musician5337 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1r9uk5q/thought_the_transaction_was_done_then_the_move/

I built a real estate AI voice assistant that books property viewings automatically (no code)

I’ve been testing voice AI for practical business use cases, and real estate might be one of the most obvious ones. The idea was simple: missed calls = missed commissions. So I built a voice assistant that: – answers inbound calls instantly – checks viewing availability – offers alternative time slots if needed – collects client details – books directly into Google Calendar – works 24/7 No coding involved. Just configuration. What surprised me isn’t that it “talks” well. It’s that once you connect it to actual tools (like a calendar), it stops being a demo and starts being useful. Without calendar integration, it’s just a chatbot on the phone. With it, it can: – prevent double bookings – detect conflicts – automatically schedule viewings – keep everything synced A few things I learned while building and testing it: – You need strict prompt rules or it will hallucinate availability. – Conflict testing is critical (try booking the same time twice). – Latency matters ...