submitted by /u/DetroitCam2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpznw9/do_you_give_new_tenants_detailed_information_upon/

I’m trying to buy a home in Seattle from an owner who is also the listing agent. She seems very emotionally invested in the house which she lived in for 20 years. She told our agent that she’s worried I’m going to ask for a lot of credits after the inspection. She asked us to do the inspection and then let her have her vendors fix any issues instead of giving credits. This will likely mean replacing the roof and furnace. She owns a property management company (400 properties) and could get better rates to fix things than the quotes i would get. I really, really want this house. I’m feeling inclined to go through with it, knowing I can walk if the inspection is crazy. Also, my agent pays for inspections so no problem there. Are there angles I’m not seeing? Am I about to get screwed? submitted by /u/papa_higgins [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dq0a8f/am_i_about_to_make_a_mistake/

Talk to me.. Has real estate investing helped you in many ways? submitted by /u/DetroitCam2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dq02u6/how_many_rental_homes_does_a_person_need_to_be/

Basically the title, seller's realtor promises that they will cover the cost of repairing some windows $975 after closing when they get their commission. Is this normal practice or are they being shady here? Our realtor will half it with the seller's realtor. ​ My concern is that after closing - they have no obligation and its pretty much on good faith. submitted by /u/Just4Redditz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpzvgp/sellers_agent_promises_repairs_after_closing_is/

I'm in a tough spot. Thank you in advance if you take time to read through this and have any thoughts/advice. I recently bought my first house. It's a $200,000 house in Michigan, and I put 20% down. I bought it as a move-in ready starter home, and 200k is fair for this level house in this neighborhood. I make a little over 50k per year, so it's on the higher end of my price range, but with a 20% downpayment and no other debt, I knew I could afford a move-in ready house at that price, but it's certainly not chump change for me. The inspection found no major issues, and the house appraised at 205k. Closed without any issues. Since I moved in just a month ago, I've run into one MAJOR problem after another. After the first rain, I discovered a leak in the finished basement, and a couple of small puddles in the attached garage. I've since discovered additional leaks in basement, and found that source of the leak in the roof is some rotted portions of roof edge, wh...

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/

I'm in the process of purchasing a commercial property for personal use. I plan to lease part of the building to individuals for seasonal vehicle storage to help cover the fixed costs while using the remainder as shop space for my wood and metal working hobbies. Purchase price is 70k, and I already entered a short-term land contract using a single-member LLC where I paid half the purchase price up front and half after 90 days (basically just to get possession quicker while the title work is completed. It' not going to kill me to just pay cash, but I would prefer to not lock up all that capital if I can avoid it. I rent my residence, so I don't have the option to just take out a home equity loan or something along those lines, so my options would seem to be either an unsecured personal loan, or a commercial mortgage. I have stellar credit and income is ~80k/yr. Is there any chance any lender would give me a commercial mortgage even though I'm not in business in the tr...

Alright so with house prices being outrageous in Sussex County Delaware US, my dad bought a piece of land in April. He is going to "fund" the build like a spec then sell it to me at cost. Is there anyway to waive or circumvent the transfer tax for new construction (3.5%) for him at the building time besides waiting a year. When I buy the house will I be paying that transfer tax again in closing? What is the cheapest way to do the closing part and such. Thanks everyone submitted by /u/CoachGymGreen56 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpwzez/dad_is_building_house_then_selling_to_me_de/

My house is for sale in the upper midwest. It has a very formal decor (antique reproduction William Morris wallpaper on all walls AND all ceilings). It has custom leather cornices, jacquard and velvet window treatments, and custom window shades. It has ornate brass and frosted glass light fixtures, custom brass doorknobs, and unique/custom vent covers throughout, etc. It was all professionally (and expensively) done by designers and is in excellent shape. The colors are neutral (white, beige, wheat) and there are no wild or colorful patterns. However, I have read warning after warning that wallpaper is a scourge upon sellers and, apparently, it is something of which buyers are exceedingly unforgiving. I received professional estimates and it would cost approximately $30,000 to remove the wallpaper and glue and prep/paint the walls and ceilings. It would cost a little more to also take down the cornices and replace the custom blinds with simple white roller shades. However, the hou...

We live in a nice area, home values are $350k-$400. It’s called “Midtown.” It’s a quiet suburban/city street with a lot of young families and a few retired couples. I was pretty taken aback to realize that our “strange” neighbors who always had people over aren’t just an odd retired couple, but that it’s a religious halfway house. A quick search of their website says they provide temporary transitional housing for people with mental disabilities, traumatic brain injuries and recovering addicts. The home is owned by a single female who I assume rents it out to this organization as the forwarding address on the deed is in another city. I’m glad that this organization exists but I’m a little uneasy to be living across from a rotating door of strangers. I also wonder— am I ever going to be able to sell my house? We have spent $10k on updates already and we’re about to drop another $20 to redo the bathrooms. We were planning on staying here for at least five more years, but now I’m not ...

I’m 6 business days to closing. Closing is contingent on a new roof being put on (included in the contract) which when I made the original offer of what they were asking I added the cost of the roof (they already had an estimate) to what they were asking. The entire process so far has been smooth as damn butter. I’m almost out of underwriting, was supposed to get the CD today or tomorrow. The roof is supposed to go on Monday. I chose the color (agreed through text several times between agents and seller). The sellers are now disagreeing on the color and state I can’t choose that roof. It’s in the line that I was given, it’s costs the same, they don’t like the color. It’s holding up the roofing process now because now we didn’t order the color on time. The seller is extremely condescending because I’m a woman (I was forwarded a text he told them to send to me) that I don’t know what I’m talking about and he gets to pick the roof and maybe he’ll take into consideration the one I want. ...

My realtor is saying I need to pay to fix it (seller refuses) before I close but I smell bullshit here's the inspection photos Neither my wife, myself, or my agent noticed it when we viewed the house so it can't be too severe. She even mentioned adding $$ to our loan and asking the sellers to fix it but I don't want to to through underwriting again. submitted by /u/JalapenoTampon [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpwbgw/is_this_door_trim_going_to_be_an_issue_for_fha/

Subject property is currently owned by 12 people. •"Debbie" owns (2/3) of the property. • Remaining 11 people (own (1/3) of the property. • There is no allocation of who owns which portion/section of the property. • "Debbie" has been paying for the taxes and has no idea who or where the other 11 people are, except for their names. • Debbie wants to sell the property but has no idea about the others. The others probably don't know they own the property. How do I go about purchasing this property? How should I structure this deal? I'm not sure how much the lawyer fees would be. I'm afraid of paying the lawyer fees and end up not getting the property for some reason. submitted by /u/originalOPP [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpw1td/how_do_i_buy_a_property_that_is_owned_by_12/

My wife and I put our house on the market about 4 months back so we could try to get a larger house for our now born twins. We didn’t get any reasonable offers and now have the house off the market till spring. Well since we’ve taken it off the market at the end of September, my cell phone has been Blowing up with calls from agents. How do I get them to stop calling my phone. I have to answer because it’s also the same number I use for work and I need to answer emergency calls in case they come in. submitted by /u/TopNerdJR [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpvmyu/house_off_the_market_bombarded_by_agents/

First time home buyer and I put in an offer for a Condo. However, my agent told me that the seller asked if I wanted an inspection. Mentioned that If I proceed it could delay the process or discourage the seller. Is is shady if the seller doesn't agree to an inspection ? Thanks. submitted by /u/Queenzbabe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpvg4h/is_it_shady_if_the_seller_doesnt_want_me_to_do_an/

Hi all, UK based investor here. We own a house that is currently rented out. The person who owns the house next door to us, is renting his out and he had a few issues with the tenants, long story short he's looking to sell as he cannot deal with the hassle. The property is vacant in poor condition. He told us he wants to sell it. How to negotiate the deal? We are going to get an agent to value the property, the guy selling is a bit slimey I've heard and not someone that is very trust worthy. How does one get the upper hand in these types of negotiations? Thanks for the help and your wisdom. submitted by /u/RADH6 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpntj2/how_to_negotiate_an_off_market_deal/

Share thoughts & ideas here so that it results into spend of less money, less time & less efforts submitted by /u/detroitcashforhomes [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpjj5h/how_can_i_sell_my_house_in_probate_in_detroit/

Wife and I found a house we LOVE in a good area of Los Angeles. Just freaking out a bit about the huge numbers we're staring at, especially as neither of us have owned before. 3 bed, 3 bath (inc. ADU) 1,850 sq ft. $755K. (FWIW, this is almost MEDIAN home price in LA). Current APR is 3.75% (up front 3.5 when we first found the home 😤). Not our FIRST choice neighborhood, but safe & trending upwards in prominence. Our combined yearly salaries are ~$215K (pre-tax). We have $85K down payment + closing costs, w/ alsonat least 6 months emergency fund remaining. ADU is a licensed single bedroom with separate entrance (+ separate mailing address) and has its own bathroom, kitchenette). Rentals airbnb ~$50/night or ~$800/month. We are confident we'll continue to earn more money each year and rent out the ADU when possible but we are also worried about being house poor!!!! 2 days until end of inspection contingency Any advice is much appreciated. There are many smarter minds t...

If you are in property dealing business or looking forward to dive in this business, you must know about real estate app development. Here is a guide on Real Estate App Development which consists top competitors, features, benefits etc. https://ripenapps.com/blog/real-estate-app-development-guide/ submitted by /u/markjacinto [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpj5x6/real_estate_app_development_allinclusive_guide_to/

Question is related to selling property in Pennsylvania. My mother-in-law passed away this year. Her home is paid off, and she kept up with basic repairs as far as I know. My husband and his brother have not lived in the home in close to 20 years, so they have no idea what kind of repairs have been made or what issues may be lurking, so we plan to sell the property as is. In this scenario, do we still need a Sellers Disclosure? I have no idea what they would answer for most things, other than "?????" submitted by /u/selfieslob [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dphbl1/selling_inherited_property_as_is_sellers/

Hi, I and my wife are first time home buyers and were naive enough to expect a smooth sailing experience. We put down an offer on a house which is supposed to close tomorrow. But throughout the process the seller and their agent have been everything but communicative. After the inspection the seller refused to all the minor changes we asked for and also didn't want to give credit or replace the water heater which had started rusting. After many talks with our realtors they agreed to replace it. We did a walkthrough today to water heater has been replaced but the sellers and their agent is not responding to our requests to provide proof that the water heater is a new one. They're basically ghosting us. With this and taking their behavior into account I don't see us closing on time that is tomorrow. When I asked my agent for options they told me that we could either file for an extension or cancel the agreement. He said if we do the latter the sellers might sue us for earne...

Looking for input on how best to move forward. We live in Southern CA where everything is expensive. Our condo is currently in escrow and we live in a house rental. When the condo sells we will have about $80k Is it better to buy and live in a entry level little home with a 15% down (hold for a few years then move up or keep as rental) or continue renting and invest that money in rentals in a lower cost area? My wife’s family live in Pittsburgh, PA so it would probably be there. Can buy a few units with $80k down. Possibly cash flow $1k+ a month. Thoughts? submitted by /u/sdnative88 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dphjuy/where_to_invest/

Just a hypothetical question. If the current USA sitting President is impeached, would that have any affect on the mortgage interest rate? If his impeachment does affect mortgage rate, in which direction would mortgage rate move and why? Thanks. submitted by /u/b10m1m1cry [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dphaos/presidential_impeachment_mortgage_interest_rate/

Hi everyone, I purchased a condo in NJ for 125k back in 2017. I put $50k down and made timely payments until January 2019 when my payment tripled due to an escrow shortage resulting from a mistake at my closing. I've been able to finally catch-up on payments but would like to remove the escrow account all together and pay taxes directly to the city and also drastically lower my payment again. Has anyone had experience with removing an escrow account from an existing mortgage and have tips to share. Thank you. submitted by /u/KarmaPolice973 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpfr98/removing_an_escrow_from_a_mortgage/

Good evening.. My partner and I are looking into investing in some business real estate, and have a line on a building that's a prefab design through Butler Buildings, at a cost of around 2.3m We've had a roofing inspector have a look into the structure and he was hesitant to recommend them, especially in the harsh eastern winters - the roofs have a very slight incline, and as such, apparently the galvanized steel panels are prone to pooling water, that erodes over time, and then needs replacement (we've been quoted around $25/sq ft., bringing our estimate to around 250k) I've been digging into some reviews on the buildings and their reputation, but there seems to be very little information on both the roofs in our climate as well as any sort of information at all on their reliability.. Hoping someone can either shed some light on these structures and/or point me in a different direction. Ty submitted by /u/sh0nuff [link] [comments] source https://www.re...

Selling my house and wondering if there was a service similar to knock.com ? I know that service only operates in certain cities. Is there an unconventional way to sell a house in the NY/NJ/PA area? submitted by /u/yolandaaavega [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dph5iu/knockcom_equivalent_for_nynjpa_tristate_area/

Not in RE, just a question. Is the proper way to calculate finished square footage to take the outside dims of the subject and subtract actual internal dims of the unfinished rooms, or to measure each finished room individually and add that number up? Seems like everyone approaches this differently... submitted by /u/DavidPHumes [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpgqxo/how_to_calculate_square_footage/

How would we go about it say we wanted to go in on 40 acres and then possibly split up later down the road? Keep in mind both parties eventually want to build on it. We mainly don’t want one person burdened with the loans and where we both would be liable for loan payments. Maybe I am far reaching about this, but maybe someone out there has some insight? Or best to keep separate? We are just looking at costs, and cost wise it would be cheaper if both parties would be able to help with the financial burden on prime land. submitted by /u/randomMilkness [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpg9gk/buying_land_with_other_party/

Hi everyone, Does anyone have recommendations for a FLAT Fee MLS listing service in North Carolina? Thanks! submitted by /u/thedailyflier [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpfr1d/flat_fee_mls_servicenorth_carolina/

I just bought a condo and it’s great but this is after a stressful process. I’m wondering how common these experiences are because I want to learn for next time. I worked with one realtor for a short amount of time and he kept pressing me to get properties that I didn’t want. I clearly outlined what I was looking for but he kept showing me more expensive places and there was a ton of pressure without a lot of knowledge - he wouldn’t tell me the pros and cons of each area or building. So I decided to move on. I found another realtor through a referral and she seemed great at first. She actually found a place right away, she seemed knowledgeable and after two meetings I bought. But after the papers were signed she just gave up. She was late for showing me the condo after the deal was done (kept flaking and then was late when we finally met), she wouldn’t follow up on things and she didn’t tell me that they had corrected the postal code on initial paperwork...so I had a panic before cl...

I am paying off my mortgage next Tuesday. I told the lender she’ll need to contact her lawyer to draw up whatever paper it is the recorder of deeds needs in order to clear the lien from my house. She came back and said it’ll be $75 from her lawyer and $73.50 at the courthouse and that as soon as she has the check + fees the paperwork will be processed. Isn’t this her responsibility as the lender? Thanks. submitted by /u/Forthefeels6888 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpfmr5/private_mortgage_lender_says_she_wants_me_to_pay/

I am looking at selling my home in the Atlanta metro area. I have been talking to a realtor my father used in the past and trusts a lot, but I also had an offer from one of those companies that buy jokes fast (OfferPad in this case). OfferPad is offering about 3% more pre-inspection, with the option to back out with no penalties and they pay all but $300 of the closing costs. I'm really new and this is the first house I'm selling. I've read around both here and other boards on Reddit, and found mixed opinions of companies like OfferPad. My question is, why benefits over a traditional sale through an agent are there and what concerns should I have about them? submitted by /u/rapidge [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpeas7/deciding_between_traditional_sale_and_offerpad/

I’m in Vancouver, Canada and my elderly step mother is selling the house to pay off huge debts we just found out about. The buyer has until mid November to get financing from the bank, but the buyer is also a real estate broker herself, who met a 30k raise on her offer with no argument. There is nothing I see that impedes her closing on this house. This has been a hellish process and without going into trying to retroactively fix a terrible series of decisions, I would like to know esp from any Canadian realtors: is this normal? Thank you. submitted by /u/wemustburncarthage [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpfcpd/question_is_it_normal_for_a_realtor_to_continue/

Two months ago, my parents put their house on the market and started to work with a builder on a townhouse. It was a situation where they put $5k down as a non-refundable deposit and worked with the builder to customize their unit. The realtor claimed their old house would sell fast, but that isn't happening (originally listed for $350k, price drop last week to $315k). The house isn't moving and (being in MN), probably won't until spring. They were supposed to close on the new home last week, but couldn't secure new financing since their old house wouldn't sell. We are in a situation where my parents are going to be walking away from this house. I have a couple of questions the sub might be able to answer. ​ They broke the news to the builder that they were walking away and understand they are losing their $5k deposit. While not a threat per se, the builder alluded to the fact that he could sue my parents for the $20k in upgrades he made to the new home. If a s...

So I've been considered buying a vacation house an hour outside of the city I live in. A very good friend of mine has the same idea. I think it would be worthwhile to go in on it together because at most we would use it 2 weekends a month, and we aren't to interested in renting it out. It makes sense to me to buy it with someone else. Lets assume we are on the same page about everything, what is the best way to go about buying it? Can we both just apply together to the bank? Will most banks be willing to give a conventional mortgage to two unrelated people? Anyone do this before? submitted by /u/cantwalkandchew [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpeho4/what_is_the_best_way_to_about_buying_a_vacation/

I am trying to find land reasonably priced with at least 5-10 acres if not more. My goal is to camp on it while I build my own home on it. Not sure where to look so I figured I’d turn to this sub reddit. Hoping to find land with access to water and electricity. Any help would be appreciated. submitted by /u/Aion27 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpe8m8/trying_to_find_land/

I don't know the entire story yet, but my realtor found out that the seller's agent on a house I'm purchasing contacted my loan officer who then provided her with some "personal details" about me and my application. She was apparently calling him so much he "thought" she was my agent and didn't even bother to check (my agent is a guy, and the loan officer even referred him to me). Not sure if it was an accident or if it was just negligence. My loan officer has not even let me know this happened. How could this affect closing on the house (we close in 2 weeks, pretty deep into the process), how big of a deal is this, and do I have any recourse if they gave my info out and shouldn't have? I'm just not sure what she would have been asking for, but I feel like it's probably confidential between my loan team, realtor, and myself. Thanks! submitted by /u/GhostRideTheWhippp [link] [comments] source https://www.reddit.com/r/RealEsta...

i 've seen appts for 800-900 2b, but website is telling me than 1100 $ 2b. i'm i missing something source: city : charleston sc zillow https://www.apartmentlist.com/rentonomics/rental-price-data/ submitted by /u/jbourne7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpe03k/median_rent_price_different_than_zillow/

Hi ​ I wanted to ask because of my future house situation, what would you recommend. ​ Currently, my mother owns and lives in the house (H1) with her boyfriend. My sister owns and lives next door in house (H2). H1 has 120-130 square meters H2 has 70-80 square meters, is a semi-detached house. G is a garage for 1 car. Red are doors / gates. Remaining white area is the garden. Rather, 2 sections, top with lawn and hedges, bottom with vegetables (grandma) and a way downward. Area is quiet, however, with motorway access nearby, soundproofing walls against the highway, large meadows and other houses in the street ( zone). So ideal for families with children and animals. Neighbors are great and mostly families with children and / or dogs. ​ ​ Should my mother die later we would inherit (sister and I). However, the question would be: Is it worth to rent? Or should I sell it? ​ If my sister wants to stay in H2 you would almost have to move the front door down to the garage a...

Hi friends, I inherited a section 8 tenant in a recent house purchase, and we need to come up with a lease. Should we include any special provisions to address our acceptance of housing vouchers, or would you recommend we just use standard lease language? Thanks! submitted by /u/ixikei [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp5z7l/recommended_lease_provisions_for_section_8/

I know we will have to get qualified before we actually start this process. But we're both just curious right now in what ballpark our budget is! He makes $100,000/yr and I make $50,000/yr We plan to put $20,000 cash down. What price range for a house can we afford? submitted by /u/digestthis1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp6cxd/my_fiance_and_i_are_just_starting_to_think_about/

I'm specifically living in the Keller/Southlake area if anyone is familiar. I'm coming from Enterprise tech sales and have been doing my DD for about a month now before I make the transition (realistically won't happen until early 2020). I'm aware of the big players (KW, REMAX, Coldwell, etc).. Does anyone have any recommendations on who I should sign-on with? I'm having a hard time gathering unbiased opinions, realistic splits and start up costs, etc. submitted by /u/morgankr34 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp6924/new_to_real_estate_who_should_i_hang_my_hat_with/

Given that every single indicator is pointing to a recession in 2020, I think it would be pretty silly to buy a house. I’m not sure if I should rent one for a year, or look into an apartment, or buy one anyway given that contractors will be on sale. submitted by /u/Flagabaga [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp74b4/are_there_any_good_articles_or_discussions_on/

I am not sure if this is the best place to ask this, but we bought a new house and the seller made us specify which repair person to write a $1500 check to. I picked the plumber, but I found out later that my step dad can do a lot of the work easily. He owns a HVAC company so i figured that it wasn’t really up his alley. There is one job I would like him to do, but it only costs about $500. Would he be able to write me a check back for the difference? submitted by /u/StringTraveler [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp745w/can_i_have_the_plumber_write_a_check_back_to_me/

So we bought a house and sellers stipulated in their counter offer that they would do “no upgrades or improvements” my realtor considered this language confusing because repairs for the property to be in good working order does not equal an improvement or upgrade. Anyway we clarified and the realtor said “no major repairs”. We got the inspection back and with the house being 40+ years old there was a good amount of stuff on it. We’re looking to ask for things that we think are fairly urgent (the pool light is not on a GFCI switch and we don’t want anyone getting electrocuted, there’s about 20 years of lint in the attic because the dryer vent wasn’t hooked up to anything and it’s a fire hazard, there’s a somewhat significant leak at the hose bib, one of the AC’s need to be surfaced and there’s bubbling on the foam part of the roof and loose shingles which we got an estimate to repair at $3,500 that we’re thinking we’re gonna ask for $1,000 credit for that as a compromise (as we think ...

I recently bought a house in a popular city in my state. I decided to buy the rental property, which is a duplex with a 5 minute walk from the city's major university, with the existing tenants already living there. My current monthly payment (premium, interest, insurance, taxes, etc.) is $2,300/mo. Each tenant pays $1,050/mo for a 2bed 1bath ($2,100/mo total), which I believe is very below market rate, after renovations im looking at a fair 1350-1400/mo and 900 for the studio/loft based on 50+ comps within 1 mile. Im also getting ready to have contractors come in and do just under $30K in renovation/rehabilitation work and finish the studio apartment upstairs (easily $900/mo, but not a legal unit, would share electricity with 2nd unit, has galley kitchen, 1 bed/1bath/wash/dryr). 1 Tenant is a single female, the other is a single mom, 2 kids. They are Month-to-Month leasee's. State law is 30 days notice. With winter right around the corner, my monthly net being about -$300/...

https://www.vancouver-builders.ca/portfolio/ submitted by /u/karan_15 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp4s15/these_custom_homes_in_vancouver_really_are_a/

How to get best cash offer for the house in Tacoma/Lakewood area? Do we need to prepare anything to get a better offer? Please suggest reliable investors in Tacoma/Seattle area who are easy to with and make a good offer. submitted by /u/curiosityv [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp3eyj/how_to_get_best_cash_offer_for_the_house_in/

I checked equity sharing option like union or point etc..but it sounds terrible idea. What are other options other than HELOC or home equity loan? are there any? submitted by /u/curiosityv [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp2mow/what_is_the_best_way_to_get_cash_out_of_paid_off/

Title says it all, I have little to no comps from the last 2 years, I'd say it's a B or C rating dwelling and surprise, my broker has no cap rates Any suggestions? submitted by /u/ElKaio [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp2m3p/pricing_a_multi_unit_with_7_units_4_efficiency_3/

And can I sue them for fraud? submitted by /u/mewalkyne [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp25vk/how_often_do_agents_lie_about_other_offers/

I ran into a bit of a predicament with my first house. We had issues obtaining a CO because of some minor issues with the deck at the house as well as a window not being tempered glass. The issues were taken care of by the seller, and we closed the morning before we got the (third) CO inspection that we anticipated would pass, with the contingency that whatever it takes to get the CO would be covered by the seller. The inspection failed, and the inspector gave a couple more small details about the deck that needed to be fixed but also dropped something about a state DEP (department of environmental protection) issue with the property that I was not aware of. I did some research on my own and found that the property has an open investigation by the state DEP regarding an unpermitted solid waste facility on the premises. The former owner of the property's ex husband was the listed violating party, and they were divorced just prior to the sale to me and the land ownership was transf...

My wife and I are in the process of purchasing a new home. We are currently in the stage before locking in rate with a certain lender. Is there a website or a way for us to track mortgage interest rate movement on a daily basis going forward and also going backward a few weeks? Wells Fargo offer a website to track such thing, but I can only track this moving forward. https://www.wellsfargo.com/mortgage/rates/?linkLoc=fn Thank you. submitted by /u/b10m1m1cry [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp1fnq/tracking_mortgage_rate_interest/

Wire Transfer Question Okay Reddit, one more anxious question. Due to work and sudden life stuff happening. I didn't get a chance to talk to my bank about the wire transfer part of our down payment. My bank is USAA, awesome bank 90% of the time. But on my question. They can do a wire transfer of 55,000$ correct? I don't know why they couldn't and yes, I have tried looking online for the answer and have found one that suggests yes but I thought I would ask here too since you have been so amazing about posting answers to my anxious questions. Thank you all, submitted by /u/craftycorgimom [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp0pf5/wire_transfer_question/

I am getting ready to list my investment property (via agent), but found some minor repairs still to be done after the last big repair (carpet installation) was done today. As they say, time is money, so pictures are being taken tomorrow. The minor fixes are tightening a kitchen faucet, and fixing latch on window (so that it can come down and close). In other words, they will not affect taking pictures. They can probably be fixed in a day, but I am wondering, can I still do these minor repairs as long as there are no open houses pending? submitted by /u/runGumby [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp0z78/getting_ready_to_list_investment_property_but/

Hey guys I’m just an average joe looking for general advice in buying a house. My wife and I are both in stable jobs and have a combined income of 89000 dollars a year. We want to buy a house in the next 5 years. We are super weird and want to buy a house with cash. How is the best way to approach this? Should we contact realtors and discuss this? I know I’m going to get a turd and it’s going to need work but I’m handy and my whole family is made up of tradesman. submitted by /u/hal0persin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dp0x9k/house_buying_advice/

Hi everyone I need some help deciding what may be the biggest purchase of my life. I found a home that I really like including the price. With one huge exception the up to 30 ish minute commute with traffic (8-9 miles away from work). Right now I walk to work living in an apartment and the non-driving is amazing. I cant stop thinking about the drastic change 30 minutes would be. And it possibly getting longer as the city grows. So I looked into closer homes and found a detached condo that is only 10 minutes away (2 miles) but will cost me about $121,900 -$192,000 (depending on the model) more or about $1055-$1500 a month more. I normally try and be frugal and save a lot with a goal of retiring early, and that extra $1000+ is a huge difference, but so is the time saved. I would like advice. Its not apple to apples since once is a condo (and im not expert on this), but I believe the condo will most likely appreciate more over the years since its in a high demand zone, Which makes me...

I'll preface this with the fact that I haven't signed to purchase any house yet. I'm just overwhelmed with recent events, and am in the middle of emails between my buyer's agent and a seller's agent. I had met an agent who was showing my mother a condo. She seemed very knowledgeable and said she specializes in coaching first time buyers. She gave me her card and said she could help me out as well. Next day, I was out and about seeing what was nearby and showing, and came upon some new construction homes. I signed in, talked with the seller, looked at some layouts that were being built, and left with a packet of info. I was impressed with what I saw, but wanted to look into it more. New construction hadn't been on my radar, and what I'd found online said I should definitely have an agent representing my side of things. So I contact the buyer's agent (I'll use BA) to let her know that I've found something I'm interested in and we decide to m...

I noticed a property I am looking at recorded it's public square footage lower than its actual square footage? Recorded square footage seems to have only been the first floor calculated using the perimeter measurements maybe. But it is definitely bigger if the second floor is included. Is this how it is for most listings? Are square footage based on the physical land that is occupied or does it include all the spaces within the entire building? submitted by /u/chewybars88 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dox4l0/public_record_of_square_footage_is_only_of_the/

Bought house for about 25% lower than it’s appraised value and 25% less than comps. Would the new sale price give me a case to lower property taxes? Worth a shot? submitted by /u/Rotishery [link] [comments] source https://www.reddit.com/r/RealEstate/comments/doymob/bought_house_at_a_discount_do_i_have_a_good_case/

Hi all, I don’t plan on selling my out of state rental property any time soon, but I realized I don’t know the optimal way to sell it. I currently have a property manager who would likely tell me they can sell it for me, but I don’t know if that’s the best way to go about it. Has anybody had experience with this or know a good way to do it? Preferably I wouldn’t want to take a vacation to visit the property during selling. Thanks! submitted by /u/TheHypeKiller [link] [comments] source https://www.reddit.com/r/RealEstate/comments/doy28l/what_is_the_best_way_to_sell_a_property_out_of/

My brother told me that he got his place with help to buy and is only paying £300 a month, I want to move out and my options are either to rent which will cost me £500 to £700 a month. I don’t understand how help to buy works but if it’s cheaper than renting and you get the place afterwards it has to be the better option right? My income at the moment is £900 to £1,100 a month but I’m getting a better paying job later this year hopefully. submitted by /u/yaman576 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/doot1a/uk_is_help_to_buy_better_and_cheaper_than_renting/

I am wondering if it is possible to monitor a property to see is someone takes out a reverse mortgage (RM) on it for example like if a spouse is afraid their partner might try to take out a mortgage w/o them knowing, or children want to know if the parents are taking out a RM, or if someone uses identity theft to take out a RM. I've looked at our counties property tax map and it lists if the property has a lien on it, if there is a mortgage and maybe some other information, so I'm wondering if this same site/page would list RM's. If it isn't listed there would there be any other place where it could be found and is there any current service for this? submitted by /u/KDE_Fan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/donh20/monitoring_a_property_for_someone_taking_out_a/

TLDR: Our agent said they were a breeze to work with and he really appreciated that they emailed him updates as work was being completed (per our purchase agreement). I would highly recommend a good inspector though. Some of the repairs were done just above board but will have to be re-done in the next few years. Key points: we purchased our home right after schools in our area started -- this is generally the end of the peak selling season and prices shift dramatically. Our city (suburbs of a dense metro area) also seems to be preparing for an economic decline. We think these factors aided us in our negotiating. I wish we had spent more time going through the home during our final walkthrough (more of an issue with our agent) because now that we've settled in we're noticing things that were not properly fixed. Each individual job is small in the grand scheme but all of it adds up quickly. Finally, we really love our new home. No regrets on the purchase and we definitely woul...

We listed our house 120 days ago in a great neighborhood near a major university where cookie cutter starter homes fly off the market. Every professional we spoke to, and our own research, showed us that homes in this area last around 1 month on the market absolute max. In the two years I've lived here, I've seen it firsthand. ​ Relevant Facts: ​ We wanted to price to sell so we could move ASAP so did extensive market research with our agent. We redid ALL carpet, re-painted the entire house and got the house/driveway/patio pressure washed in addition to a major deep cleaning. We listed $5k below the comps in the neighborhood. After 3-5 showings in 2 weeks with no offer, we lowered the price another $5k. ​ We averaged 2-3 viewings per week and didn't sell after another month. We lowered the price another $10k and assumed this would be an easy sell. The buyer agent's feedbacks are always extremely positive. The only complaint we've gotten is the yard is small. ...

Hey everyone! I just purchased my first home! #twelveofferslater Anyway - I'm looking to paint the interior prior to moving all my sweet garage sale furniture in. I'm just curious what some of you may have wished you knew prior to a DIY interior paint job. Any tips are much appreciated. I have watched several youtube videos already to get a general understanding of how you should pursue a paintitall approach, but am just curious if there are any folks who have some "wish i knew that beforehand" knowledge. Any advice is welcome as I'm just now learning all the nuances to such a surprisingly detailed trade-skill! Thanks in advance! submitted by /u/trevahh90 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dokn5c/advice_painting_the_inside_of_your_first_home/

TL;DR: Bought a house three months ago from a deadbeat, and now the city is filing liens to enforce compliance with unfinished work. Now what? I'm doubtful that there's anything to get from the seller in terms of lawsuit. ​ So, I bought a house in Palm Springs three months ago. Prior to closing, I pulled the permits on the property from the city, and there was no indication of any open or expired permits on the property. The seller disclosures reveal that a pool was installed during prior owner's tenure (~2 yrs), as well as an HVAC system for the casita. They checked the box that all work was completed with requisite permits. The questionnaire does not ask if the permits were finalized, however. Flash forward three months, and I get a letter from the city alerting me that they are about to file two liens on the property. I called the building department and am informed that they are filing liens for two expired permits that were opened and never finalized. They are enfo...