When computing the 36% rule do you typically include utilities you pay monthly? submitted by /u/Good_Job__ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cy4yqq/the_28_and_36_rule/

I'm just wondering if there's such a thing as a studio apartment version of a house, so a single room where you have the kitchen, living room, bedroom, etc and a separate bathroom. If so what are these dwellings called? Thanks for your time. submitted by /u/CiaoFunHiYuk [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cy5w9j/is_there_such_a_thing_as_a_studio_apartment_house/

Just starting the process of getting my RE License, and I'm looking for perspectives from your more experienced RE Agents. From the limited number of people I've talked to, it seems it's almost a given to start in single family residential and then later on consider a move to multifamily or other commercial real estate later in your career. Personally I'm leaning towards Commercial, but it's more or less a "road less traveled by" feeling. What are your thoughts and opinions of starting in residential vs commercial? submitted by /u/coconutflame [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cy5tua/commercial_real_estate_vs_residential_for/

This is the email i sent to the realtor. I'm afraid she'll think it's an insult to the sellers. ​ ​ Note: the pictures couldn't be included due to reddit not being a photo hosting platform. ​ ​ ​ ​ Hey Katie, i appreciated you taking the time to meet and show houses to me. After thinking about it i decided i had no interest in the Marshall property (304 N High st), and thought that the Cottonwood residence (115 E Prarie st) was a good second choice. Needless to say the Balaton home was what i felt was best suited for me overall. I feel as though I've done sufficient research regarding the property of 231 3rd St in Balaton MN. Given the following information below and the other options available in both the Town of Balaton and nearby towns i feel as though offering $87,500 (30% below asking price) for an initial offering price allows room for negotiation. They'll decline of course but counter with their offer to start the negotiations. My reasoning ...

Hi, I have started with one broker (3.75%/30yr) and he ran our credit and sent the disclosure documents for review. It has been one day from the credit check and we haven't responded yet. The only thing we signed is for the credit check. I just got an offer from another agent (he replied late) with a 3.5% offer. Also, I am hearing the possibility of another federal cut. Now, I am wondering if I can discontinue with the present lender. He has $100 for credit report that I am willing to pay, but he spent at least 1hr of his time to prepare the documents and send us. Any suggestions? submitted by /u/fershey17 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cy58c1/want_to_switch_mortgage_lenders_for_refinance/

We made an offer and got countered and settled to a price we were comfortable with (let's say 400k to keep it round). Our agent noticed the fence they replaced over the existing old one crossed over the neighbors property line (empty lot owned by investment. Apparently had email permission). An issue, but not a fatal one... Through this we realized that the driveway was straight up not on the property. It was just re poured entirely in an abandoned city alley, the alley owned in undivided interest by all abutting property owners (4 in total for alley). The entire left side of the property (10ft) is the shared alley, which the seller fenced in and poured driveway on as part of the property. This annoyed me because the driveway and ability to avoid street parking in a gentrifiying area was a selling point, along with the privacy fence. Now the entire left side of the property could be subject to claims by four other properties if they wanted to contest our fence crossing the alle...

submitted by /u/millsmontana [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cy4ix9/i_am_not_licensed_yet_but_i_plan_on_getting_into/

I am in the process of selling my home. It’s quite small - around 900 square foot house on a .2 acre lot. We have made many upgrades to our house and I would like to think it looks quite nice. The down side: directly across the street is a large house that is not maintained well at all. Neighbors mow 1x per month, lots of stuff/junk on the porch, a junk car tucked into the weeds, etc. I was outside watering my flowers this morning when two men stop and ask some basic questions about my home: lot size, days on the market, etc. they state that they are looking for a weekend home (I’m about 100 miles outside of NYC so that’s very common in my area). Several hours later these same people return except they get out of the car quickly and using a professional/semi-professional camera take several pictures of the dilapidated house across the street and drive away. Anyone have any idea why they would be taking these pictures? Note: we have had two buyers rescind offers after seeing the neighb...

So I’m looking to buy my first place and for context, this property is only like 7 years old. It appears well built, etc. So I noticed the ceiling in only one spot has signs of light brown water damage that caused the drywall crack along a joint. It’s really not bad and can probably be fixed without a patch. It’s just looks like it’s cracking where the drywall tape would be. It’s only slightly discolored. I checked and there is a bathroom above this crack. I mentioned it to the real estate agent and she spoke to the owner and he says in the bathroom he spilled a bucket of water or something. I have to double check but the water may have sat for a while before it was dealt with, if it all. Now, I could see this being possible. But it’s also definitely possible in a newer construction house, that someone nailed something into the wall and hit a pipe. The nail initially seals the pipe so you don’t notice until seal goes away and you get a leak. So maybe the owner is full of it. But ma...

To see the previous month, please refer to this link https://www.reddit.com/r/realestateinvesting/comments/ck9qm6/monthly_budget_breakdown_from_a_retired_real/ ​ A whole lot of stuff happened this month, so I'll do my best not to turn this into a novel. Bought a new investement property for myself, and I'm currently working with 2 out of state investors to help them get their first cash flowing rentals in my area. Both of those deals should close next month. ​ Okay, now for the numbers. ​ Business Income, Investments, and Expenses ​ ​ 1) Real Estate ​ ​ Gross Rental Business income - $18,000 (no vacancies, 2 were filled at the beginning of the month, this also includes a down payment of $6,625 for a property I'm selling as a rent to own) ​ Net rental business income - $4,025 (Huge expenses this month! Had to dig out a sewer line all the way from house to alley on a house with a big back yard. That was about $4k. Also had to pay income taxes for 2018, which ca...

Just bought a home and found out that the home had a pool which with some investigation did not have a permit but also the pool was filled in with dirt also without a permit. Since this was not disclosed in the sale what should I do. How do I know if these will turn bad later on. What steps should I take. submitted by /u/These_Shift [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxyhjm/no_disclosure/

Just curious. They offer grants to teachers, nurses, doctors, firefighters, etc. They have a free program (where they send you leads & take 10% of your commission), a preferred agent program ($50/ month where they send you leads in specific zip codes and take 5% of your commission). Wondering if anyone's tried it and has feedback. Thanks. submitted by /u/studentofgonzo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxyeqk/anyone_enrolled_in_teachers_or_nurses_next_door/

first time home buyers, here is a nice little blog post from ValinRealty.ca 6 Tips for Choosing A Real Estate Agent read more on this topic. https://valinrealty.ca/port-hope-real-estate-tips-for-choosing-a-real-estate-agent/ submitted by /u/DeltaCraftArk [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxz2am/6_tips_for_choosing_a_real_estate_agent/

Hi, Im a new home buyer, if a foreclosed property listed for 90K, and it has 78K for unpaid balance, if I purchase this property, do I have to pay the listing price of 90K plus the 78K unpaid balance, for a total of 168K? submitted by /u/hathawayi [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxz17k/question_about_unpaid_balance_on_a_foreclosed/

Hello r/realestate ! I'm considering a new construction in Maryland and thinking about getting a finished basement. The sales dude highly encouraged it (shocker, right?!), adding that leaving it unfinished and having it done later by a third party could void the warranty (this home builder's warranty is only one year anyway). Is there any truth to that comment? Does that make sense? I know we wouldn't be the only home in the community without a finished basement and at the price the builder is asking for it, it's a quick pass. submitted by /u/InsideFastball [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxxnud/third_party_basement_voids_warranty/

I have two kids and they are here half the time based on my custody. He has two kids he has every other weekend (two nights in our home. During the week he visits them). We have one on the way. It would be: Two full time adults One full time child Two part time (half time) kids Two kids spending on average 4-6 nights a month We are renting a 3 bedroom house with large yard and storage (pets allowed) and have plenty of space except when his kids visit on their weekends. My lease won’t end until February and I’m due at the same time. I can either: A) Have the landlord put this place in the market and I’m responsible for rent until someone rents or my lease is up. There is a fee of $2000 which is half my deposit for “deposit release .” We would rent a 4-5 bedroom place at a few hundred more a month but risk signing another lease before we know when our place would rent out. I wouldn’t know much we would lose in total and if we go for it, we would rent for long term (2-5 years). B) ...

Hello - is there a tool out there where you can compare mortgages and the various costs and rates associated with them? I'm doing it in excel but its a manual process, everything I see out there is trying to sell you something or too simplistic. submitted by /u/DWIGHT01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxvd80/comparing_mortgage_rates_tool/

I’m putting our Tuscany family villa on the market. The agency I would like to work with (the Italian affiliate of Christie’s) requested me to pay $2000 marketing fees before they take the property onboard. Then they’ll charge me 5% commission when they sell. They don’t want to be our exclusive agency. They claim the marketing fees will be used to publish my listing on major portals and for a photo shoot. Is this regular practice? If so, I won’t mind paying their marketing fee. submitted by /u/maschera84 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxtj75/agency_asking_for_2000_upfront_to_market_my_2m/

Location: Texas So this is my first experience renting a place and its gone wrong. So to start at the beginning I am currently renting a 2br condo with 2 roomates for $1250 a month. We had a $1250 security deposit that we paid by cashiers check to HIS realtor and I paid first months rent out of my personal bank account via wire transfer. I was going to make a new bank account just for rent but I got lazy and just let my roommates venmo the money to me and I paid from my account. I would wire transfer the money to his Account and Routing number the 1st of every month. It's now 7 months later and the landlord emailed me explaining that he wasn't receiving the rent and hasn't since the first transfer. This is the first time he's contacted me about this. I went through my bank account and found the transactions and screencapped them and emailed them to him as proof on my part. Here's the things I have done to make sure rent for this current month got to him: 1) made...

I want to begin building a custom home in the next 3-4 years. Other than continuing to save for a large downpayment, what else should we be doing? We have already chosen an area we like. There are a few empty lots and many old homes that would be good teardowns. I've identified a few well-regarded builders and architect firms as well. How long does a complete new build/design/permitting normally take? Should we start the process 1-2 years ahead of our planned completion time? Nothing crazy design-wise, simple layout, very efficient, not quite passive house but close. submitted by /u/ridukosennin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxs8l8/want_to_build_a_home_in_34_yrs_how_should_we/

We have watched a house we like on the market go from $385k to $350 to now at $319k. But the taxes are very high at $12k a year, ie $1,000 a month in taxes. Anyway, my mother in law knows the seller, a bosses boss etc. So after I had seen the house in a viewing she emailed her and the woman replied in a friendly way. "Tell them to make an offer" was all she said relating to the house. I am under the impression that the taxes have scared away all offers and since it has been on the market since last November and her taxes are high (and retiring soon) we think she is more likely to make a deal. I am not under contract, and we haven't made an offer, my realtor is coming to see my house next week. But we know that the seller has the biggest guy in town. He's a nasty fucker but probably the most successful so who knows. What is the penalty or risk in asking her to deal on the outside? I would assume since she has a selling realtor she can't easily do that. Am I cor...

Hi, I am, as the title says, unable to find the sub rules or FAQs. I'm currently reading through old posts in this sub, attempting to compile a checklist of what to look for in a potential realtor. I did come across one post from November, 2017, which stated that the OP should check the FAQs, but I'm not seeing the FAQs, or any content, in the right-hand-side toolbar. On the posting screen for this post, however, I see a note above my post stating, "This community has a medium post removal rate, please read the community rules." I'm not seeing the rules, either. Has this content been removed, or am I just looking in the wrong place for it? Any direction would be greatly appreciated. Thank you! submitted by /u/jeffe333 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxrtti/unable_to_find_sub_rulesfaqs/

So, I ended up moving into a new house. When we saw the house and during the inspection, I didn't notice how much road noise there was. I've been here about a month and that's all I hear, the damn cars zipping by. I thought about getting new windows for the back of the house to reduce the noise, but I'm not sure if it's worth it since I still wouldn't love it and will eventually move. On the plus side, I sold my old house after closing on the new one, so I now have like 100k in saving that I was gonna use to recast the loan on my mortgage. However, now I'm not sure if I should do that, maybe I should bite the bullet and move again, cause I don't think I'll ever get over the road noise. Anyone ever been in a similar situation? What are my options? submitted by /u/Sekundes423 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxr8p0/closed_on_a_house_last_month_i_hate_it_what/

I am thinking about buying a duplex home as a primary residence. While renting out the other unit. Just curious about what people experience was with living next to your tenant. submitted by /u/Araymis [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxr1ru/renting_a_duplex_you_live_in/

I can scarcely believe this has happened AGAIN. We got our first offer in about 12 days. They pulled out 15 minutes into their inspection because of a "huge subsidence of the property". Hubby, who has spent his career in construction, quickly determined that our house is not in fact sinking into the earth. Whew. No offer for another 6 weeks. Finally one came in...they took ten days to get things sorted. Hours before the deadline they asked for a week extension to get a furnace guy in, an asbestos test done and a mud jacking person to look at the settled garage. We declined but were willing to take 10K off the price. They walked away. We had a back up offer. Whew. They took a week and today, 4 hours before the deadline, their financing fell through - after a verbal confirmation from the bank!!!! That has got to be some kind of record for failed offers, no?! ARGH!!! submitted by /u/sdyck067 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxqm...

We had our home inspection today (I'll probably post more when we get report). I just thought about it though and the inspector didn't mention or look at smoke detectors. I wasn't thinking about that either so I'm not even sure there are smoke detectors in the bedrooms. What should I think about an inspection that didn't cover smoke detectors? submitted by /u/newenglander87 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxqwc0/smoke_detectors_during_home_inspection/

She told me that it's because the oil heating always has to be on or something (in the winter, im assuming) submitted by /u/realmisc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxqr3h/my_mom_is_house_hunting_and_is_not_considering/

I live in a very high cost of living area and enjoy going to open houses regularly. I’ve always taken an interest to real estate but have no experience in it, yet, other than owning a home if that counts. Well this past weekend, I met an agent who is a bit older and looking to transfer his business to a younger person. We had a sit down meeting a couple days after initially meeting where he spoke more of his vision. We’re both taking a week to reflect before our next meeting. Anyway, anyone have thoughts on a transfer of real estate business? Good idea? Run the heck away? This is less about his success as an agent or my ability to be successful. I’m trying to get people’s thoughts on taking over someone else’s business. It would be over the course of years and he would train me while shifting leadership to me. During his good years he did 50-100 million worth of sales. Bad years was less. Average sale price is in the multi millions. submitted by /u/msbasicbitch [link] [comme...

https://www.housingwire.com/articles/50024-redfin-is-now-publishing-real-estate-agent-commissions-on-listings ... Redfin announced Thursday that the commissions of buyer's agents will now be published on some of the company's real estate listings, because the company believes that being transparent with commission will help the customer better understand the transaction. The commission will be displayed in the property detail section where the home is listed. ... “Across the country, the Multiple Listing Services that agents use to share listing data are now considering whether to follow the lead of the Seattle-area MLS and let brokerage websites publish the commission each listing pays a buyer’s agent,” said Redfin CEO Glenn Kelman. “But with more than 20,000 homes listed for sale each year by a Redfin agent, Redfin doesn’t have to wait for the MLS to give us permission to show the commissions offered to buyers’ agents on our own listings." submitted by /u/aa...

I put an offer in on a townhome for 215k (without a realtor). The owner accepted and we started writing up a contract, she strung us along for 3 days and postponed signing our offer and then said she accepted an all cash offer instead. She was also difficult with the closing date and I think that could have been a factor in it. About a month later the place goes off Zillow and the sale price was 214k. Why would someone accept less money just because it was all cash? Why would that make any difference to them? submitted by /u/DefectiveDugong [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxp3rc/was_beaten_out_from_a_for_sale_by_owner_situation/

So i'm a fairly new agent in CT, I haven't even had my first transaction yet, and the opportunity has arisen for me to purchase the 3 family home that I'm renting in. My pre-approval came in from my lender and it's good, it's well more than what he's asking for the house. My landlord has orally agreed to cover ALL expenses in regards to appraisals, inspections and repairs, But I want that in the purchase contract, in writing. I'm looking at the GHAR paperwork right now, and the only mention of inspections and appraisals all list them as the responsibility of the buyer. Will and addendum or blank rider attached to the contract supersede that paragraph? ultimately we're trying to get this house with nothing out of pocket, and the seller has said fine, but how do I word it so that I don't get left on the hook for some inspection that;s like 900 bucks that isn't expected. ​ thanks in advance ​ edit: ALSO full disclosure, my landlord is my Broker...

My partner and I are considering having a new custom home built. We are trying to figure out what size home is realistic for us given our budget, and of course this is all relative to the area we are looking to build in. Is price per sq ft a good ballpark for something like this? For instance if we’d want our home to be approx 2500 sq ft, and new homes in our area are going for $200/sq ft should we be looking at a budget of $500K (including purchasing the land, if necessary)? submitted by /u/CuminyaBrosTwitterin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxiuta/trying_to_gauge_the_cost_to_have_a_home_built/

Hi all, looking for some insight here. My wife and I have been trying to sell our house for over 40 days now with no luck. We've had close to 30 showings but no offers. We've had multiple second showings for different interested buyers. All in all, I don't think our realtor is doing a good enough job. This complicates things as our realtor is one of my close friend's mothers. But, that's not going to be a deciding factor here. My question is: are we locked into some contract with a realtor? Do we owe money to said realtor if we break our contract and sign with a different realtor? I know there is probably additional paperwork with these answers, but I'm having a hard time coming up with it. I'm more wondering what a general contract for a realtor-seller looks like. ​ Also, what is best practice here? And how would you suggest I go about this in order to maintain civility? This must happen often to realtors. Thanks! submitted by /u/cptquackz [lin...

I've done plenty of searches for posts on this topic... Still have some questions. I'm buying in Knoxville Tennessee - thus far I haven't met any realtors who I feel have much to contribute.... I'm considering just contacting sellers agents directly, and working with a real estate attorney for the contract stuff. I recently viewed a home and may be interested in putting in an offer. The offer itself is something of a contract as I understand it correct? It would be dollar amount with a clause about a pending home inspection and such? Is this offer contract something very standard generally - or something that either a RE attorney or a RE agent would have to put together? EDIT: Also... If anyone has recommendations on good local RE attorneys.... Let me know! submitted by /u/AccordingToTV [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxhtqs/buying_without_realtor_offer_question/

So, after finding a home in a quiet part of a larger city, I ordered a home inspection. I thought there would be some work involved, but holy moly. I'm glad I got the contingency in the offer about renegotiation after a home inspection, because this is what we found: Roof needs replaced. Flute for chimney is rough Electric wiring on roof is not good (there's a gap) Porch flap was improperly installed Front porch railing is rusted Stone lintels by house are cracked need to be repaired by Mason Some seepage by foundation, noted as not major Air conditioner 1977....works, it's old Peeling paint in small area Electrical is limited to 60amps. Means exterior electrical needs to be updated or insurance may not help. Small wood rot in some window areas Back garage outlet has no power going to it. Gutters should be extended and not attached properly Siding damage Garage openers are old and have no safety sensors Rear swing door in garage is damaged and won't close...

We have been working with an agent and are ready to make an offer on a house as an investment. This house is appraised at 113k and we wanted to come in at 90. The asking price is 135. After walking through with a contractor we determined it needed about 15-20k worth of work (doing it ourselves). Once we mentioned this she became more hard sell. She started talking up the area as if we are not locals. We gave her some cues that we are familiar with the market and she continued telling us how out of town buyers will come in and pay a lot for this and trying to rush the deal. So we later told her we are comfortable with 90k. The agent said she would talk to the seller's agent and told us after getting off the phone, "if we could come in at 100 the seller's agent thinks he could talk to them." She then proceeded to give me "comps" in the area of houses selling for more. These comps were all in better condition and actually less per square foot. Later in the ...

North Carolina. Private residence. We're looking to up size and our current home is well below what the bank told us we could afford 5 years ago when we bought. We haven't gone through pre-approval yet with any lenders but we're not worried (excellent credit, low DTI, high stable income through 2 solid careers). We currently have about $75k in equity in our home. We have something like $15k in cash at the moment, though. $250k net worth including the home equity. Mostly retirement plans and some in roths/brokerage accounts in index funds. My question is, assuming we'll be approved (if we were buying today with no home the bank would approve us to buy up to an amount well beyond the value of our current residence plus this one we're looking at) to purchase a second property that will be significantly more than our current but still well below our means when we ultimately sell our current residence, how can I handle moving the equity from the primary residence (mi...

Found one community has an 'earned income tax' in which the proceeds go to the local school district. Everyone must pay living there, even renters. Seems like a disguised school tax that should be built into property taxes. submitted by /u/postonrddt [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxgh9k/is_a_local_earned_income_tax_a_double_tax_for/

Looking at purchasing a house with 2 car garage with plans to expand it to 3. I'm looking for ballpark prices for the addition, in Minnesota. submitted by /u/3bluerose [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxgh4t/adding_a_3rd_garage_stall_cost/

So today we are planning to out an offer on a house. However, the loan we were preapproved for doesnt start until september 5th. Will this be an issue if our offer is approved before September 5th? submitted by /u/kna2225 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxggb4/buying_first_house/

Are you all expecting to see a fresh crop of inventory after Labor Day? I’m looking to buy and the last month has been so dead. Hoping it picks up a lot next week. I’m in NJ submitted by /u/watermelona [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxgdxi/what_does_your_market_look_like_in_the_fall/

Hey guys, just curious about this. My mortgage broker is great but has been ultra busy lately so I don't hear back from him for a few days, so wanted to get your opinion. We are under contract on a house and using a USDA loan to purchase. Inspections done - we went under contract about 5 weeks ago, and are 3 weeks from our closing date. Just got the official mortgage commitment letter from the lender - the only conditions on it are a final Employment/Credit check at closing, and final USDA Review and Approval. How exactly does the process work? Was our mortgage "case" opened up with the USDA simultaneously as the lender was setting this up? Or does it just now go to USDA? We close in 20 days, and just wanted to make sure this wasn't going to hold us up. I have heard the USDA can take 30-60 days to finalize, but wasn't sure if they had already started on their end way back when we began signing mortgage papers like 4 weeks ago. Thanks guys submitted by ...

We have a potential buyer who is asking for us to pay $600 for a home warranty. I never knew that getting a home warranty is a thing one can buy. Does anyone have it? Is it worth it? submitted by /u/Appledoo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxc4z4/is_a_home_warranty_worth_it/

On the market for a house. Been looking for about 4 months now. We put an offer in on a home 10k above asking. Seller’s agent told us that they had 5 offers and sent out a simultaneous multiple counter offer that was 40k more than listing price (30k more than our initial offer.) We countered back 10k above that. Today, the sellers agent told us that they accepted an offer with a 50% down payment even though we were the highest offer. We can’t compete with that so we happily accepted to be the back up offer. We got a notification in our email that they increased the price of the house on MLS to what we offered. The status on the house did change to pending. My question is why do they change the price on the MLS after they already accepted an offer? If we are the back up offer, could they still field other offers and accept those instead? I hate that I got emotional over this but I really wanted that house! submitted by /u/Kmkmojo [link] [comments] source https://www.redd...

I just got a home inspection today on a house I’m buying. Who decides what repairs are required before closing? Is it the bank, appraiser or who? Should I expect everything on the report to be a required repair or will they pick a few? submitted by /u/rahrah47 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxbg15/when_buying_a_house_who_decides_what_repairs_are/

Thinking of selling my home FSBO and saving all that commission. How difficult is it? Are realtors really worth it? All opinions are greatly appreciated. submitted by /u/rshap12345 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxahw4/how_complicated_is_it_to_sell_your_home_without/

So we (my girlfriend and I) just recently moved into a 2 bedroom, 2 bath apartment in Washington state. We realized after moving in the second bedroom has no window. Is this legally a room? It has a door, a closet,- heat source and a smoke detector. submitted by /u/Dinodantheman92 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxbxxk/honestly_just_curious_about_the_apartment_we_just/

Did you as a agent or someone you know show a buyer a home whom you had no signed exclusivity agreement with then have that buyer purchase that home using a different agent and if so what was the outcome? submitted by /u/Phil4578 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxbgx9/procuring_cause/

I live in the USA. I'd like to rent a room. There are two tenants living in the apartment right now. Tenant A says the landlord is out of the country for a week & I should just give my first month's rent to Tenant B because they have to pool the rent and make a single payment for the whole apartment. They said the landlord is lazy and doesn't want to bother with anything but one payment for the whole apartment. I talked to Tenant A on the phone and Tenant B in person. Bizarrely, someone apparently paid $20 to a Tenant C to "hold" the room but never paid in full. Tenant C moved out. The apartment is definitely real and I was showed it. I like the room. Do you have any advice for me? I want to make sure this is not a scam where "Tenant B" will just pocket my money and vanish. I'm planning to pay by check. Is this still too risky? submitted by /u/jerseydude86 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxa...

Hey guys I am trying to refinance with this company called Owning.com They are offering me 2.875 interest rate for 15 year fixed. This sounds too unreal to me. How can I find out this company is legit ? Has anyone dealt with them before ? Any feedback is appreciated submitted by /u/happy_life_happy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cxadw5/is_owningcom_trustworthy/

Closed on our new 500k home today. Previous owners weren’t the greatest at keeping up with... well anything. So my husband goes and uses the toilet it works fine. An hour later I use it and try to flush it. Nothing happens. Pop open the tank, sure enough they had duct taped the chain to the lever. Not even 2 hours into owning this home and already have a repair 🤣. submitted by /u/shannon0931 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cx9pb9/just_bought_a_new_house_have_to_share_this_laugh/

I have had this multi family on contract for a little while now and I'm just now hearing from the lenders that we're going to need to push closing back to Sept 30th rather than Sept 2nd because of an oversight on their end. Initially the sellers wanted to close on the 30th and I basically just said I'd rather not. Now the sellers mentioned taking legal action since the date needs to be pushed back. I dont see this as being my fault and maybe they're just frustrated and throwing the words around. Any input is appreciated. submitted by /u/King-Juggernaut [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cx9lvz/a_sticky_situation/

A relative is offering to sell me their home for $150k. The home is valued at $220k. My loan approval is well above the amount but was wondering if they sell me the house for $180k but only want $150k are they legally allowed to return me the the $30k for updates on the house such as a deck, fence and new carpet? Sorry this is new to me and is an FHA loan. submitted by /u/Beantown_Beatdown_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cx96en/buying_home_from_relative/

We are looking to sell and buy new construction. We wanted to sell via Redfin and were sent an agent, he seemed good but we only planned on using him to sell the house. Once I read up a lot about new construction I found it was better to be represented. I contacted him and told him we had found a community and gave him all the info I had. I had done quite a bit of research and had also reached out to the builder for additional info (central line where I didn’t give them my info, just inquired). I told him the main areas I needed help with were negotiating the lot premium and upgrades. He made one trip out to talk to the property manager and another trip out with us to tour a home that was near completion in the neighborhood. After that meeting, we haven’t heard anything from him, no follow up at all. I also mentioned during that meeting if he thought we could get anything off the price and his response wasn’t “we can try” it was just “I don’t think so” which just didn’t sit well wit...

My husband and I went to an estate sale months ago and fell in love with the home. A couple built the home and passed away and their daughter is taking care of the estate. We are nearing closing on the home and she has been great to work with. We would like to get her a small gift as we know how hard it is to clean out your parents belongings and sell the home they built together. We'd like to have it be a real item, a keepsake rather than a gift card. Any ideas? submitted by /u/CamaroErin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwz8su/a_gift_for_the_seller/

With all of the talk regarding this recession, Berkshire Hathaway holding $122B in cash, is Buffett sending a message? Certainly he’s preparing for something big. Is now a smart time to invest in properties to rent out? Would it be smarter to wait? submitted by /u/rileysdad23 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cx04ca/buying_in_the_current_market/

In the house that I am selling, the HVAC is out of warranty and is 15 years old. But it is in good working order, regularly maintained, and I haven't had any problems with it. Is a VA inspection going to require that it be replaced because it's at the end of it's recommended life? Or are they going to be fine with it because it works? submitted by /u/lv4myw [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwzo87/what_is_necessary_for_an_hvac_to_pass_a_va/

How does financing for real estate investing companies work? submitted by /u/UrBeautiful47 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwwbep/real_estate_investing_groups/

Talked to a realtor on a whim today and essentially told them all the problems with this older house, in an effort to figure out if I should spend the time and money to fix, or just list and have the buyer discover the problems, particularly as we are rapidly coming into the fall/winter season that's not optimal for selling. Problems include plumbing, electrical, sticky doors and windows, some missing base boards, rusting around the drains in the bath, a needed new bath exhaust, paint touch ups. They're not things that cause the house to be inhabitable... Just things that should be fixed and/or at least be aware of while living in the home. These were not things that were disclosed immediately buy the sellers when I purchased, and honestly only the potential electrical issue was discovered in my pre-purchase home inspection. The realtor gave me the impression that as long as there's nothing wrong with the roof (new) and no known pests (report came back clean when I purch...

I'm looking into buy a 12 acre parcel, nothing special about it. The current listed price is 60,000 decently high for my area of central MI. The assessed value of the property is about 10,000. From what I've read the MV is about 80% of the AV so this seems like a pretty high price hike. Now I don't expect to get anything close to the AV for the property (bc that's not how it works), but I'm still trying to get the best price for the property. What could I reasonably offer for this property? submitted by /u/Sneakichu [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwx568/how_much_bargaining_room_do_i_have_with_assessed/

Hi, I am refinancing and got two quotes. One from a big broker that has several brokers listed on their website and the 2nd one looks like a small shop with about 5 brokers. Both have NMLS ids that I verified. My friend's got loans through this broker's LLC, but not this particular broker. Does it matter how big/small the broker's companies are? submitted by /u/fershey17 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwwpow/refinancing_with_a_small_broker/

My father is looking to retire and sell his house. It was built in 1970 and has 5 br and 3 baths on about half an acre of land. It's a 3500 sq foot house in suburban Atlanta. The issue is he hasnt really maintained it. I would say it needs new bathrooms, flooring and kitchen. It had rodents in the past but those are all gone. The surrounding neighbors are large homes with well maintained lawns. my dad has one of the biggest houses on the corner. Redfin says it is worth about $330k. Need some advice on moving forward with this. Do I think about renovating it or just selling it as a fixer upper? I live in a separate state. What is the best way to find a local agent to help sell it? Should I remove all his stuff out before I list it for sale? He has tons of old furniture and stuff collected over the years. ​ any advice would help. thanks! submitted by /u/trojanmana [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwwilr/need_advice_with_fathers...

I am applying for a conventional loan with a small local bank as I apply the BRRRR method, and refinance 6 months later (this bank does this). I checked my DTI ratio and I make $6000 pre tax per month, and my liabilities (current mortgage and car payment) are about $2650. 2650/6000 is about 44%. Is this too high or disqualifying / am I calculating this right? submitted by /u/cactushatter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwvabl/will_a_high_dti_ratio_disqualify_me/

My wife and I are in the market for a new home. We are buying it directly from a builder. Since it's our first time buying from a builder, we are not quite familiar with the process. Once we list out all the options, is it common in the process that we can negotiate the price? What other things should we keep in mind as a buying when buying a new home from a builder? Thanks. submitted by /u/b10m1m1cry [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwvsbx/buying_new_home_negotiation/

Where do you find real estate developers for a multi million dollar project? I know some locals but I want to be able to reach these developers across the country, is there an online community where real estate whales swim? Please share with me where to look. Thanks in advance submitted by /u/Issa-N [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwviin/how_to_find_real_estate_developers_for_a_multi/

Sorry if this is not the place for this.....I need to give good advice to my parents! My parents are both in their 80's and are suddenly facing the fact that they cannot stay in their house forever. There are steep stairs up to their bedroom and down to the basement laundry as well. They are well off (retired teachers both) and have over $1.5M saved and no debt and own their home. A week ago out of the blue they told me they are seriously considering moving across the street to a larger house where the bedroom is on the first floor. They have already arranged the money (selling some equities) and are asking me for advice. I don't know what to tell them! I guess they need a buyer's agent right? Should that agent also help them sell their own home? They live in a small town with low property values and like their neighborhood. Their current home on zillow is valued at about 100K and the new house will be around $170K. This has all come up rather suddenly! I think I should s...

Got a new home, attic too small for central AC furnace, should I get minisplits installed vs putting the furnace on the roof. It's a single story home. Which would be better for property value. submitted by /u/azrakels [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwtpn4/ac_solutions_roof_mounted_furnace_vs_minisplits/

I used compucram.com to study and felt like the practice exams were nothing like the actual. Anyone have any good practice exam resources I can use to study so I don’t repeat this mistake again. Only 1 or 2 questions short of passing :( really is sad. submitted by /u/DeepBlueFreeDive [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwuu6b/failed_salesperson_license_by_1/

submitted by /u/TheOtterWon [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwui7e/why_does_my_realtor_want_me_to_sign_this_document/

Should I hire an agent or lawer and what is appropriate to pay them? submitted by /u/ClayHotdog [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwu2po/im_considering_buying_a_vacation_property_that_is/

Best practices? when door knocking your farm how often? When do you failover to mailing? Best time in your opinion? Do you go by time or quantity? submitted by /u/TheFudge [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwtt9a/door_knocking/

We are about to close on a home and during the title search it was discovered that there is an easement to a graveyard. Per the wording I was provided it is not clear if the graveyard is on the property, or even existed at all because it pre-dates the time any homes were developed on the land. There are no markers and somehow it never turned up during previous real estate transactions on the home (2 in 15 years). The appraisal was re-worked to include this, but they said on there it has no effect on the value of the property. Should I have any concerns? This is in a large neighborhood, with approximate 1/3rd to 1/2 acre lots, it's not a lot of land and there is definitely no graveyard visible on this property or any adjacent. Thanks! Edit: I should add that everything in town is essentially built on civil war battlefields and there are some small graveyards near the neighborhood and apparently one in the neighborhood about a 1/2 mile from our house according to my wife. A lot ...

I am planning on selling my home in Las Vegas. I have 3 potential cities to move to - Phoenix, San Antonio, or Houston. Houston seems to have a lot of great homes available, but obviously, some have been flooded. My current home is worth 175K, which is about what I am expecting to receive. I own it outright, no mortgage. My budget is about 100-110K, for a condo or townhouse, preferably townhouse, and will be paying in cash for the home. I'm 25, I have no children, roommates or SO. I plan to use the excess to pay off all my debts, relocate, go to school for a Masters degree, study for CPA exam and add finishing touches to the new home. My question is, should flooded homes be considered? I found a few beautiful townhouses that seem to have been well refinished. I inspect the pictures carefully, inside and out, to see if there is possibly any lingering water damage (found a few with water damage still visible, auto pass). I have been using the interactive flood maps as well, to see...