I'm looking at a 3acre property in UT that is mostly undeveloped. It has gravel road access. There is currently NO: power, sewer, water, etc. There IS: gravel road access, permit for well drilling(or water access permit to about 300ft), a stream that runs through the property that is zoned for micro hydroelectric power. If bought and developed with a long timeline(5-10yrs) what should I think about? Drilling a well? Sewer or septic? Power? Offgrid an option? Permanent structures, prefab like zipkit or something else? What are bumps in the road a person should think about? submitted by /u/torpid_tapir [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1ml8x/need_advice_on_undeveloped_land_purchase/

Only 1 offense, it was back in 1992. I just asked for expungement a week ago. So if they do a bg check in the next 4 months, it'll show a disposition of convicted not dismissed. Will I get denied for a license? Thanks so much in advance. submitted by /u/jrysnt [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1jlpa/ca_nmls_license_with_a_misdemeanor_willful/

I have a question that for some reason won’t leave my head. I’m 22 years old so I haven’t bought my first home yet but say someone gets approved for a $300,000 loan. I’ve seen a lot of people buy something for $200,000 and then stick $50,000 into renovations. My question is, does the bank put that on the loan? I just can’t imagine someone having $50,000 lying around for renovations when buying a house. I’m just curious if the loan would be made for say $250,000 even though they are paying 200 for the actual house. Can someone help explain how it works to me? submitted by /u/JawlessMuffin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1klx2/how_do_loans_work_when_someone_wants_to_renovate/

Sorry for the long post, I’m struggling with this decision so I added a bunch of details. Our current house payment is 11% of our monthly income but it’s getting too small for us (3 bedroom, 1 bath for a family of 4 with hobbies that require a lot of indoor space). We have been looking at adding on (we have a double lot with a big back yard) but the estimate came in pretty high so we’re considering moving. The local market is crazy here (houses pending within 24 hours). I’m in a growing town 30-45 minutes away from a rapidly growing city center. We’ve been keeping an eye on the local houses for a few years, just in case, and we’ve never seen anything we like (not a fan of new construction but don’t want multiple story living areas, prefer certain areas). But... there’s this house I absolutely love. It’s only a 5 minute walk from my house so I’ve walked by it so many times, I’ve had the old realtor.com listing bookmarked on my phone for years. It’s not on the market but the lady is w...

We are really interested in a home with a list price of 320k. Problem is the comps in the last 6 months indicates a price of only slightly above 300k. We are actually willing to go higher in price from a budget standpoint. But we don't want to waste our time with this if the home is likely to appraise much lower than the contract price, especially if the seller is unwilling to lower most if not all of the list price to match. This could seriously screw up our financing. Based on the comps, we were only willing to take the risk of paying for an appraisal to the 305k-310k range. Their last counteroffer is 313k. They stated its their final list price offer. Our realtor talked to theirs about the comp prices. Her justification for their higher pricing is "house prices are on the rise". She did not really address the data. According to our data for this individual neighborhood, they have been stagnating. There is a lot of homes for sale in the neighborhood, all sitting on th...

I'm looking to buy a house, but want one with a basement and kitchen that can be rented separately. However, I'm seeing a lot of houses with basements with separate entrance from backyard (staircase built from backyard to the basement) but also inside the house, there's a staircase to the basement without any separation (eg. No door to the said staircase) and you can simply look down to the living room of the basement for example. Is there a scenario where you could somehow rent this?any ideas? submitted by /u/LibertyState [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1jm3s/how_can_you_rent_a_basement_apartment_if_it_has_a/

The house that I am interested in, part of the backyard is designated as part of the ah flood zone requiring flood insurance. Is it possible to get an estimate of the cost of flood insurance before I send an offer in? submitted by /u/usernamenotfoundd [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1j634/flood_insurance/

submitted by /u/kmel1119 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1i4q4/is_there_a_way_to_see_the_home_your_purchasedare/

We want an inspection, seller doesn’t want to allow us to walk after inspection since they’ll repair or offer credits. It may not need anything, it may need something that isn’t visible. We’re going all out with a full inspection based on them pushing so much to remove the inspection walk away. It’s still in attorney review, neither party has signed or agreed yet, but we have an inspection scheduled. Should we continue with the inspection (either party can walk away and we’d be out $600)? We also found out the property is still being shown. Any advice or opinions would be appreciated. submitted by /u/sso_1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1iklu/whats_your_opinion_on_inspection_prior_to/

Hello all, I'm a first time home buyer. I found my dream house and my offer was accepted. There is a known mold issue in two areas of the house. There is a quote for mold remediation already worked into the sale. I have the home inspection scheduled for next week. I'm looking for any advice, warnings, help, questions I should ask, things I should look out for, literally any advice you all might have regarding this issue and how it should affect my final decision on whether to buy this house. HELP! submitted by /u/Tankenblow [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1ifzz/need_advice_on_buying_a_home_with_a_known_mold/

"Mixed use" is just getting me 7 and 8 figure developments with dozens of apartments. Variations on "commercial with residential" or "business with house" is giving me either multifamily housing or commercially zoned stuff out in the middle of nowhere. I'm looking for a storefront in town with an apartment attached in some fashion. Thanks! submitted by /u/ImpressivePlace8 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i1i842/is_there_a_specific_term_for_a_building_with_a/

Any experience with landing apartments? So we are moving to Dayton in October. I'd love to hear your opinion about thiese landing apartments. thank you submitted by /u/metalubs [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i11tkm/landing_apartments_any_opinions_reviews/

My wife and I are currently in the mortgage process. We pre-qualified for 140k (FHA).. we fell in love with a home and our offer of 115k was accepted.. Had our appraisal/inspection come back Monday with good news, appraising more than what we offered and are officially in the underwriting process! However, our credit scores are average.. between the two of us we have a few things in collections and a few late payment deragatory marks. Our lender sent us a consumer explanation letter to fill out, they have been super nice and left the impression that we are still good to go with the process but we are starting to worry that we may be denied by the underwriters. Being our first time being in the mortgage process we are wondering if having to fill out this letter means that the risk of being denied? Thank you in advance submitted by /u/jonfubo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i11lse/consumer_letter_of_explanation/

Thank you in advance for any advice or shared experiences, my agent understandably has shared his thoughts but I’m still torn. Some background: I can carry my mortgage if an offer were to fall through, but I’m moving out if the area so it’s not ideal. Listing Price: a little higher than expected to close for but I don’t need to tell y’all how hot the market is in some places right now! Offer 1: Higher Contingent Offer -$15k over ask -VA loan, 0% down -contingent on the sale of their home Offer 2: Lower Offer, No Contingencies -full asking price -No contingencies My home will likely appraise for less than Offer 1 meaning they would have to make up the difference in cash due to the VA loan. Offer 2 is solid but obviously lower and who doesn’t want an extra $15k? They both seem like nice families and both wrote me nice letters with their offers. What would you do? submitted by /u/powerveggie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i11i6v/seek...

I need information on how to remove a deceased stepfather from a deed that I'm on as well. He had no other family that I can find. Location is Texas. I do not need a realtor. submitted by /u/Redudik [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i118f6/removing_deceased_person_from_deed/

Building a home in Oklahoma, $300k, looking into section 184 loan. Seems like a no brainer, very low down payment requirement and great interest rate. Is there anything I may not be considering? I know we need to sell our current home before we close on the new home, but I don’t think that will be an issue. Anyone have thoughts in the Tulsa surrounding area market? I’ve heard “no PMI” with a 184 loan, but is that true? Current home built in 2015, 1,900 sq feet, 4 bd, 2bath, single story, 2.5 car garage, premium lot in HOA on 1/3 acre, backs up to semi-busy road but most of the time it’s not bad, Immaculate, neutral, and lots of custom features, added tornado shelter. New home is 3,200 sq feet, 4 bd, 3 bath, game room up, two story, 4 car garage, 3/4 an acre backs up to farm land, can do whatever the hell we want (aka no HOA). submitted by /u/BeagleSwan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i10ypp/pros_and_cons_of_section_184_native_ameri...

Is it posible for a gang to take over a group of continuous houses and sell them all at the same time pushing the prices up so all the houses sell at around the same price? Is this not illegal? It looks artificial manipulation of the market. Like insider trading. submitted by /u/Raisin6436 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i10vck/price_manipulation_in_the_market/

Hi, we are about to apply for forbearance due to my fiancé losing her job and family member affected by c19. The mortgage company explains some options at the end of the process that may include loan modification ( payments at the back of the loan?). Does anyone know what the process is like? For instance what documentation do we need to provide immediately? Or at the end of the forbearance period? I wish everything was spelled out but our mortgage services page is vague (eg: call is to discuss....). Anyone been through this? Any advice? submitted by /u/l1960 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0zzk5/has_anyone_gone_through_c19_forbearance_freddy/

I'm thinking about buying a new build home next year and was wondering what terms I should ask for from my realtor if they're to represent me with my home purchase and the listing of my current home. The realtor who dealt with my current home did a good job but I'm not fully committed to them for this next purchase. What terms should I ask for if they're to handle both for me? It seems like many new home builders offer 2-2.5% of the buyer's agent commission to the buyer for their closing costs. Is this something I have to negotiate with my realtor? submitted by /u/lotso-bear [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0zwqr/realtor_commission_listing_and_buying_new_build/

Hi everyone, A little bit of background information. Put an offer in and had it accepted back in June. Closing was set for August 3rd. Seller was asking $398k. Seller accepted $395k and max contribution of 3% of seller paid closing and prepaids. Everything seems to be going well, get locked in a 30 year 5% down conventional mortgage at 2.99%. Today, 4 days before closing, my real estate agent asked me to call him. He told me he just heard from the title company’s attorney. Apparently just today, they found that the seller would be 26k short of payoff from their bank for the mortgage after 3% prepaid closings etc and real estate commissions. On Monday, July 27, we received and email from the title company “ I am happy to advise that we have satisfied all requirements on our Title Commitment. I will now be transferring your file to our closing department.” now all of a sudden they are finding out the payoff would be 26k more than what the seller would be netting after all expenses?? Do ...

Just wanted to share that we completed our first 1031. We sold back on March 30th and the ticker started for the 45-day ID period right around when COVID was at it's worst initially and we were so lucky to get that extension...we would have owed about 30K in taxes if we hadn't been able to ID a place and close on it. Anyway, it was a bit stressful because there was so little on the market but then we expanded our search a bit and found a cash-flowing property in our price range. Only out of pocket expenses were the earnest money ($10K) and $384.56 at closing. Everything else was covered by the sale proceeds and we went from a SFH making ~$120/mo after expenses to a multi-family making ~$1100 a month after expenses. Will probably do this again next year with another one we own. submitted by /u/23z7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0yvi1/just_completed_our_first_1031/

Hello, If you were to think of buying a house or two in a specific state / area, that’s affordable and rent them out as investments, where would you look to buy and why? submitted by /u/almargahi [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0zcve/are_you_thinking_to_invest_in_a_rental_property/

Made a bad mistake of falling in love with a home. Hard. The home got into a bidding war and our offer was ultimately accepted on Monday. We have a close contingency on our condo and the other offer had a sale contigency on their home. Did the inspection and everything went well, just waiting on the report. A few moment ago we received word that the other interested buyer came back today with a much higher offer and removed their sale contigency. As a result we will be removing our contigency and have the cash to buy it without our condo selling. Our realtor assured us that the other buyer can’t pull anything else since we removed our contigency, but I’m petrified. Can anyone reassure me? We were only going to ask for about $1,000 from the inspection but now I’m hesitant to ask for anything. submitted by /u/Pizzatraveler12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0z4hq/if_we_remove_our_contingency_can_the_seller_still/

This has been a crazy summer. 2 years ago I was married and living in my dream house. 1 year ago I was divorced, and moved back in with my parents. A month after I moved into my parents I decided to start looking at houses. ( First mistake). I found a house, spent alot of money and moved in. The house has been nothing but a nightmare. I lost my job, and took a crappy job just to pay the mortgage. Back in May I did some work to the house and I decided to put the house up for sale and see what happens. 3 full price offers on day one. I couldn't believe it. My realtor is new, kinda a friend of mine, and I felt like we were accomplishing something. Here we are today, the buyer couldn't get financing. I'm scared and nervous. Sometimes I feel my realtor cares other times I don't know what to think. Here is my dilemma. The people that own the house behind me, also own the house next to them. I was able to get into contact with them and they told me they can offer me cash ...

Hi folks. I'm in a messy situation here and looking for any advice you may have. My house in Denver went under contract last month and was supposed to close this Monday, 8/3. The buyer has been a little weird, including requesting additional items be inspected after they signed the inspection resolution, but I tried to just be cooperative. My wife and I moved out of state a couple of days ago and signed our closing docs remotely, at which point we're just waiting for 8/3 and our proceeds to be wired. Well, today I get a call from our agent back in Denver and evidently, the buyer's agent and lender had been unable to reach him with documents he needed to sign today. After trying to track him down all day, they contact his sister and it turns out he's in a hospital in Iowa and is non-communicative. We have no idea if he has COVID, got in a car accident, is on his deathbed suddenly, or just came down with a terrible illness. He's a younger guy, so it's very stra...

Hey, all. First time posting here. It seems like it fits. The title company for my new house purchase has sent over some documentation. In the documentation, it states that I must rectify an old, outstanding account with a cell phone company for $2600+. The thing is, it’s not my account. I’ve never had an account with that company. I called and verified with the company that social security number is not attached to any accounts with them and that I do not owe them any money. I explained this but the title company wants written proof with my social security number. Is this going to be easy to get? Will the cell phone company give me documentation like this? Thanks. submitted by /u/theyellowsummer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0xzm7/title_company/

My wife and I are wanting to buy our first home and our father in law is going to be our realtor. He said he is going to give us his money from commissions. What is the best way to do this? Is there a way to avoid paying taxes on this? submitted by /u/schneider1391 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0xpzx/buying_first_home_father_in_law_is_realtor_how/

Hey folks, despite being a full time real estate professional and running a portfolio of almost 50 doors I've never owned my own home. I've been trying to get a Fanny approval and last week the lender sprung on me that they now require a YTD P&L that matches dollar for dollar with your bank statements. Well our Quickbooks gets populated directly from the bank and also puts out the P&L and they are now saying that it doesn't match properly and to reapply after I've done my 2019 taxes. I struggle to accept that Fanny now requires you to be an ace accountant for approval. Anyone know anything or have some wisdom or suggestions for me? submitted by /u/Boneyabba [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0xt4m/fanny_requires_p_and_l_for_self_employed_need_help/

Hi y'all. I'm supposed to close on a house in 2 weeks in MA. My lawyer just discovered the house's carport violates zoning law (too close to neighbors). Has anyone had experience with this? Wondering how delayed I should expect my closing to be. Happy to provide more information if needed. The carport itself is worth 4000. I am paying the same price as the bank appraisal (270k). Feeling very stressed about potentially not having a place to live by September 1 and needing to work from home. submitted by /u/TheCatfaceMeowmers [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0xqhe/last_minute_zoning_violation/

Hey I’m winding down and getting closer to closing. Did any one give their realtor and/or attorney a gift at closing? submitted by /u/TalkingTina180 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0vlw3/gift_for_realtor_attorney_after_closing/

I received communication from my homeowners insurance company that my policy was not yet paid out on 7/16/2020 and if no payment was received by 7/29/2020 the policy would be canceled. I emailed my mortgage manager as they are responsible for the escrow account on 7/16/2020, with two week notice. They assured me it would be paid out in time. I checked today and the mortgage company just paid the account today. It still is not posted yet on my homeowners website. My question is if something happened to my home from 7/29 to the point at which the policy is renewed, who is liable in this situation? submitted by /u/crapshoot505 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0xoia/mortgage_servicer_messed_up_paying_for_homeowners/

The market is absolutely brutal right now. Every house we’ve bid on have multiple offers and we’ve lost going above ask every single time (4 offers lost). Our agent heard of a listing that was coming on from another agent in her office. We went to go see it while the photographer was taking pictures and it checks a lot of our boxes: great layout, a “wow” factor kitchen, spacious master bedroom. The seller’s agent said if the offer was right, they wouldn’t put it on the market. This is great for us to avoid a multiple offer situation. We took a look at the comps (the house still needs bathroom, flooring, and window updates). And they’re pricing it the same as completely updated houses in better school districts. We love the house so we put in an offer 10k over ask (~2%), agreed to a 30 day lease back at no charge, our realtor dropped their commission by 1%, and we waived appraisal contingency if it appraised at least above ask. That’s a strong offer in my book. Well as it turns out t...

Just a data point to share. I just locked in 2.625% rate with builder’s lender at 0 points today with 110 days lock and float down option for my new construction townhome with closing date between 20th oct and 25th oct. credit score greater than 780 and down payment 25%. submitted by /u/cmj15 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0xhbh/locked_a_rate_today_for_new_construction/

Hey there, first time poster. I have a couple questions about what I should do with my current tax situation. My house was finished 2019, we moved in in July. My 2019 tax bill was only for the land value (really low), and I haven’t seen any update from an assessor or their website. They stopped by my house once a few weeks after we moved in, but I wasn’t home. They haven’t tried to contact me since. Will I likely be hit with back taxes this year? What if I’m only assessed again for the land value? I love paying the low tax rate, but I don’t want to do that for a couple years then get hit with a big tax bill. Can/should I just let it go until they assess my home properly? submitted by /u/TheJohnWickening [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0xba5/bought_new_build_still_being_taxed_on_only_land/

I spoke with some realtors a few years back, while in the process of doing some updates on my house, about putting it on the market. The one I spoke with most recently was from a discount brokerage. I was honestly very confused about the price she arrived at for my house at the time. She wanted to list it for $70,000 less than a house down the street had just sold for. It is the exact same model and age as mine, with a finished basement, which I don't have. I have a corner (larger) lot, new quartz countertops (theirs were builder grade old time laminate), and hardwood floors vs their carpeting. My place has mature flower gardens and a park like setting with trees and concrete walkways in back (vs. their sad looking lawn), a gas fireplace, in ground sprinkler system, a smart thermostat and ceiling fans. I'm across the street from a small park with tennis courts and a playground, while the other place is hemmed in by houses on all sides. At the moment, the market in my area is...

Does anyone have experience with a rural development usda home loan? Can anyone tell me how things change if you have a life change/get married after purchasing a home alone? They have strict income guidelines so if you're married and then over the income limit, does your payment go up? submitted by /u/Eul180 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0ecug/usda_home_loan/

So six years ago my wife and I got evicted from our apartment at the time. At least, I think we were evicted. We got a notice on our door with a date we were supposed to be out by and we were out by the day before. Never went to court or anything. Is that an eviction? We got evicted because we fell way behind on rent. Plain and simple. We had a really hard time finding employment and fell behind on our bills. So a little while after we left we got a letter from the rental company letting us know we owed them back rent and that it went to collections and negatively affected our credit. We owed them $2000. We worked out a deal with them where we paid the $2000 in full and they removed the eviction (?) from our credit reports. I now keep on top of my bills and my credit report, which is mostly clean, and I need to move to be near my family who needs me around for personal reasons. Here's the thing; that very rental company owns a few nice buildings in the city I want to move to a...

Hi all, after an arduous, roller coaster filled journey, my husband and I are set to close Friday morning. What docs can we expect to sign and how have your closings worked in the time of COVID? We are meeting at realtors office. Buyer's agent wasn't sure if we'd be in room with seller or they'd do us each separately. Masks of course and social distancing. We have an FHA loan and we are purchasing a condo. In general - what else will we be signing? Feel like we've spent last month already signing paperwork. Thank you! submitted by /u/aka8812 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0dgd6/closing_friday_in_maryland_what_to_expect/

I am working with a realtor who has showed me a number of homes, and I recently inquired to her about a new construction home. The new construction home is obviously represented by an agent, whom I'd like to work directly with. Th Buyer's agreement I signed is 'Exclusive'. I am obviously wanting to avoid paying additional commissions and doing so likely would want to 'part-ways' with my current realtor. My agreement states the following: " If Buyer shall, within six (6) months after the termination of this agreement, purchase a property within the area that, during the term of the agreement was (1) brought to the attention of Buyer by the efforts or actions of Firm, or through information secured either indirectly or directly from or through Firm; or (2) a property inquired about to Firm, then Buyer shall pay to Firm the compensation provided for by herein. This home that we are interested in has not broken ground and likely won't be completed before...

What is this thing in backyard? Septic tank? Storm water drainage? Something else? https://ibb.co/H7XDzV2 submitted by /u/kolomeets [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0dnnn/what_is_this_thing_in_backyard/

I’ve been out of work for about a year due to depression and between jobs. I had a car financed with no insurance at my bank that burned. That was 6 months ago. I tried to keep up with the payment until about 3 months ago. Now I’m 3 months behind and owe about $3000. Is it possible the bank can sue me and try to take my home I own outright valued at about $40,00? submitted by /u/burnawaynights [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i09d7e/can_i_lose_my_home_over_this_debt_kentucky/

How do you choose the brokerage you want to join? Do you do it after you pass exam or before? submitted by /u/daynnnight [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0cr1r/studying_for_wa_real_estate_exam_which_brokerage/

We are set to close on our home Aug 10, Monday. Our realtor is saying we need to sign off on the loan documents and wire the funds and do the final walk through on Aug 5th or 6th in order to give time for the funds to transfer over. This sounds really odd to me - is it normal to wire the funds so many days in advance? Would we not just wire it Monday morning and do the walk through that AM or sometime on Sunday? Please help because this is making me nervous. The sellers are using that weekend before Monday to move furniture and sell remaining items and I don’t want to do the walk through until the property is empty and in the condition that we will receive it in. Our realtor is saying that because the seller is not doing any repairs we can just do the walk through at any time. Is it true that we need to sign the loan documents on that Thursday at the latest to fund the loan in time and then have everything recorded in time for Monday? submitted by /u/DJyumyum2018 [link] [...

EDIT: Title supposed to say "1st time homebuyer" So my fiancee and I have been looking for a house a while now. We found one that we really loved in a great neighborhood. We didn't plan it like this but we found that the house is actually the neighbor of a really awesome couple we know, that we are friends with. Problem is the price. Its 320k with our main goal being 300k with a 310k cut off. We always knew it would require negotiations. Bigger problem, the comps say it should realistically fall closer to like 290k - 305k. Our realtor says the 320k is the very highest they could have priced it off of 12 month old comps (7 month comps are lower). Due to our love for the home we are willing to buy it a little more than the comps but our realtor warned us that the home will be appraised. If appraised more in line with the comps, it could create issues with the financing creating a divide that would have to be paid upfront by the seller/ buyer. We are paying a lot right no...

(Throwaway at wife's request.) My wife is a very light sleeper, and we bought a house late last year that is next to a golf course. The course, when in season, mows at about 0430 - 0500. Even if the mower is quite far away, my wife will wake up - it's the low frequency noise that does it. The bedroom is in the worst spot - the corner that's closest to the course. It is partially underground, with fairly thick walls. We put in hardwood floors before moving in. Both exterior walls have windows. Things we've tried: Noise machines - We have a Snooz, an old air purifier, and two phones running ChromaDoze Earplugs - she uses Hearos, which have something like 30 dB attenuation Making herself tired by staying up late so her body will want to sleep through the noise Things we haven't tried: Upgraded draperies/blinds - right now we have ancient cheap metal blinds and we're going to upgrade them to things that have very good sound dampening, and add draperies ...

Apologize if this has been answered before but I searched and found different answers We are about to submit an offer and for escrow our real estate agent placed in contract an initial 10,000 for escrow then 16 days later an additional 60,000. Anywhere I looked I saw maybe 1-2% for escrow. This would be closer to 4%. Is this outrageous ? Should we not submit offer ? I have read too many horror stories of escrow funds not being returned submitted by /u/sparklerainbow23 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0cjlz/typical_escrow_costs/

My husband and I live in a pretty up and coming area in North Carolina. Our equity in the house has increased significantly over the past three years we’ve owned the property. With that said, we are moving across the country and I’m curious if we should rent our house. We are not quite ready to sell the house as we would like to explore the state we are relocating to and want to have the option to return if we want to. Also, I’m wondering how renting a property in our new state would work when we have a mortgage against our names in NC. Do we have to have a lease agreement signed in NC in order to show that that mortgage is not a liability in order to be approved for a place to live in the new state? I appreciate any help y’all have! Thanks in advance. submitted by /u/wasthatyoufinny [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0ci2b/relocating_should_house_become_rental_property/

Hello everyone, first time poster here so please let me know if I'm leaving anything out. I've owned my current home for 5.5 years, 30 yr conventional mortgage with 4.25% interest rate. No PMI. I currently owe $119,000 on the mortgage and house is estimated at $275k-$300k. I'm in Arizona. I've seen how low the interest rates have gotten and I'm really interested in refinancing to try and get a lower rate, but I was furloughed from work in March and I'm unsure if I will return to the same job. I've started looking around for other positions. I'm curious if any lender would consider refinancing for someone who is currently unemployed. I have about $30,000 liquid cash and a credit score of around 800 depending which bureau is reporting. Am I stupid for thinking this is possible? I don't really know anything about this stuff so just looking for an opinion as to whether or not this would be worth it. Thanks! submitted by /u/atypicala [link] ...

What are my chances of getting approved for a mortgage for a triplex? It is a 3 unit, and I would rent 2 of the units for $1.5K each. House Price: $550K Down Payment: $85K Property Taxes: $10K Debt: $0 Income: $91K Estimated Monthly Payments: $3,600 submitted by /u/superandy241 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0c8ks/what_are_my_chances_of_getting_approved_for_a/

My parents bought a pretty decent home worth 210k but we bought it for 160k. The problem is they got it with such bad credit the interest rate in the loan is out of this roof. My wife has a credit score of 800 and we’re wondering what’s the best thing to do? Can they gift it to us? At this point their credit Is even worse. We’ve had it for only 4 years btw. submitted by /u/Most_Valuable_9805 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0c1so/21_year_old_trying_to_get_started/

542k 20% down 2.893 Arizona submitted by /u/growth_happiness_luv [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0bkpz/in_escrow_whats_your_interest_rate_rates_dropped/

Yes interest rates are low, but most people don’t have excellent credit to even qualify for the really low interest rates. What is with this House-buying frenzy right now? Everyone has house fever yet people are being laid off all across the US.. please help me understand? submitted by /u/jaellys [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0c6rz/why_are_there_so_many_home_buyers_suddenly/

Purchased our house last year and have slowly been landscaping. There's a densely overgrown part of our yard that we've had plans to clean up and use since before purchase - the land is what sold us on the place. We started clearing out some of the brush and have realized that this whole area is a trash/rubble pile. There's even an old set of stairs and what looks like old crushed appliances and a brick chimney? We can't even walk over top of the area for fear of what's underneath and how uneven the ground is. Any ideas for what our next step should be? There was nothing disclosed to us about this - be it dumping site/old house/etc... Don't you have to pull permits for this kind of thing? Nothing is on record. At a loss, it's a very large area that's unusable without a BIG cleanup. submitted by /u/tossout666999 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0byxc/dump_site_or_demolition/

Hello, new to this thread. I have been working on a value proposition for realtors and would love your input. I am a mortgage originator and have a background in digital marketing and website design. I have been expanding our company CRM capabilities on the marketing side and I see a huge opportunity for our “partnered marketing”. Essentially my value proposition is the following: if you have old leads you purchased that never became deals, I can help revive them and hopefully turn 10-15% of these leads into deals within the next 6-12 months. How? We are already paying for professional Email/SMS/Social media written and graphic content. We just need to put this marketing in front of your leads via drip campaign. (We use a great company named Tabrasa formerly know as vantage production) Ultimately it’s done for you marketing that could turn your untapped leads into deals. Also I would be offering this done for you marketing service for absolutely no cost, I would just ask they th...

https://i.gyazo.com/e1871237cf8146bf4dae0a0a8579a4c5.png There's a commercial that gets spammed here. The house being shown caught my eye, so I did some googling. Turns out it's the very first image when you search for White House. So hey, if you want to buy the White House, I guess you could contact them. (I blocked the URL and phone number in the screenshot so it didn't seem like I was promoting anything. I have nothing to do with this company.) submitted by /u/ChaserNeverRests [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0br53/do_you_want_to_buy_or_sell_the_white_house/

I'm looking to buy this condo and right across the street I saw a huge lot of land being developed. Came home and looked up building permits to see what was being built. It's a fancy 4 story apartment that will be blocking the view of the condo I'm trying to buy. Located in Las Vegas. The new building will most likely block the view of mountain and strip. How will that impact the value of the condo I'm trying to buy? submitted by /u/yekc0h [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0bn5o/fancy_new_apartment_complex_by_a_16_year_old_condo/

Buying a duplex in Bay Area, CA. -Side A rents for $3k/mo, occupied -Side B rents for $2k/mo, occupied Guy in Side B has a pretty sweet setup with his rent payment and is VERY comfortably moved in. He has a boat, dirt bike INSIDE, tons of guns, taxidermy on the walls, etc. I think he scares the current seller. My offer included a requirement that she get rid of this Side B tenant so I can move in as soon as we get the place. Due to CO-VID 19 restrictions it seems not possible to evict someone right now. What are my best options here? Cash for keys? Thanks in advance for any help! submitted by /u/TheRealXmo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/i0b9z2/closing_on_duplex_but_seller_cant_evict_tenant_ca/

Hi Realtors! I overheard someone saying that if you are a realtor on Redfin, you have 90 seconds to respond to new listings or the listing goes to the next realtor in the queue. Is this true? I tried googling for this, but couldn't find any info about it. I would be super appreciative if anyone could point me in the right direction. :) Thanks, Tom submitted by /u/tomhallett [link] [comments] source https://www.reddit.com/r/RealEstate/comments/hzpfyy/redfin_for_realtors_90_seconds_to_respond/

Just lost out on a super nice small updated house 3BR, 2BA 1250 sq ft. 1985 build with pool and solar that was near our max budget ($650K) as our best offer got beat at last minute. We really like this neighborhood/area. In this same neighborhood, our agent has helped me spot 2 listings that are about to hit the market and currently on MLS with no inside pics: 3BR, 3BA 1450 sq ft. 1985 build 669K list price. Looks great on outside with updates, newer roof, updated kitchen, new floors, new lighting etc, comes with big finished yard 8K+ sq ft with RV parking. Bathrooms may need some updating. Gonna be listed at 669K but comps have it lower near 650-660K and may be attainable under listing price. 5BR, 2,5BA 1720 sq. ft. 1964 build 599K list price. 7K+ sq unfinished yard. New roof, new AC. Outside looks clean but very basic and dated. Possibly original owners as no sale history. Comps are in 650-700K range with some updates. Listing mentions needs updates and I am expecting to need ...

Developing/ apartments We have a commercial lot zoned C-3 in Texas more specifically between San Antonio and Austin. The lot itself is a little less than an acre but on a somewhat busy highway. Anyway, does anyone know where or how to find investors that could build on the lot? We were thinking we could fit at least 5-6 multi family duplexes or a small apartment complex. Any advice would be appreciated. Additional info that might be useful is that the land is just that,no concrete or anything. the lot is also ours and has been paid off a while ago we just never got the chance to do anything because the capital it requires to build something on it. We wanted to get a loan but we don’t qualify for any banks or hard money lenders because of credit/income requirements. Appreciate the advice. Thank you submitted by /u/luis_lopez97 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/hzriwe/undeveloped_lot/

So I have a question I’m hoping someone can help me with. I am under contract for a house right now and I wasn’t aware of this but apparently I wasn’t supposed to open any credit lines during the closing process. I opened a credit card last week (the debt to income ratio wasn’t affected at all and my credit isn’t bad by any means its a 768) but I won’t be able to receive a bill in time for the closing because our closing date is August 10th and the bill wouldn’t come until the 19th. Our mortgage loan officer told us to basically send him a letter saying that I pulled credit but didnt receive credit due to this inquiry. He also told me that the underwriter can basically just cancel the whole deal without a bill, my mortgage loan officer has to see what the underwriter says regarding the letter. Should I just cancel the card altogether? Its through Chase and they said they can’t provide a bill before closing but they have a department that for loan purposes can show that you have a zero...

We are supposed to close this Friday, July 31st. Initial home inspection turned up a few issues. Report came back on July 6th. Seller agreed to address all issues (exact wording). A week later we notice no work is being done. The next week we reach out. We're told they are not making any fixes until they receive the loan guarantee. We get it the same day. This is on or about July 15th. Still no work was started until this past Saturday and finished just today. We get the inspector back out tonight. He let's us know the main issue (cloth wires in the basement) is still not fixed. We asked to have this upgraded as suggested in the home inspection report. They agreed to address and NOTHING was done. I'm waiting to hear back from my lawyer, but wondering if anyone else has dealt with this. What would you do? I know cloth wiring is not illegal, but it is hazardous and they agreed to address, but did not. submitted by /u/JasminOMG [link] [comments] source https:/...

submitted by /u/chamba703 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/hzrh4j/my_homes_been_on_the_market_for_a_little_under/

FTHBs under contract on a recently built (<10 years old) home. Recently did our inspection and aside from some minor things we might want fixed there were no major issues. However with this being our 2nd time in the house we did notice that the finished basement had no emergency exit. The basement consists of 1 large open room with 2 small rooms in the corner of the footprint. 1 being a half bath and the other being the hot water heater, heating/ac unit and electrical. There are no windows in the basement. We have no plans to use the basement as a bedroom or anything of that sort. Potentially planned to use it as overflow sleeping if we couldn't fit everyone upstairs but the lack of a 2nd exit would probably mean we would do our best to avoid having anyone sleep down there. At the same time the basement is finished very nicely and would be the 2nd "living" space and certainly larger than the primary living space on the 1st floor. The basement is setup with a home the...

OK I know this looks incredibly stupid but please bare with me. My husband and I are looking to be first time homebuyers (well mostly my husband because I am on disability and if I have any "assets" in my name I can lose my health insurance and such) but since we both have extreme anxiety and he works full time I'm doing all the home buying research. We have a few lenders that we want to reach out to by email but I (am writing a rough draft email for him to send) have to idea what I should be saying. Or asking. Or what info I should be giving them. I feel like I've absorbed so much information in the last month that it's all random words now. Any advice would be appreciated. Anything I should say, anything I need to look out for? submitted by /u/littletrashpanda77 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/hzrm84/how_to_approach_a_lender/

Hi all. I am purchasing a vacant lot to build my dream home but I have a choice between two. 8,600 sqft, in an exclusive area near the beach, 5 minutes walk. All infrastructure already in place (water, electricity, underground), land is already cleared and well manicured. Problem is they have many restrictive covenants that will make us have to adjust a lot of our plans, including home size, type of walls, height of building, how the yard should look, no guest house for my mother in law, etc. Sale price- $100,000 10,600 sqft, 15 minutes walk away from the beach, area is okay. Land in uncleared, can’t even walk through it a sit is really dense, no infrastructure (we have to request poles for electricity, etc), no road access, less rules, sale price is $95,000 They’re both in the same neighborhood, it’s just that option 1 is in a cul-de-sac closer to the beach. None have a beach view though. I love both, but I do think that option 1, being so upscale is a once in a lifetime op...

Hello! I apologize if this is duplicate or a stupid question, but being my first home, I'm admittedly nervous about the process. I have received a conditional approval on a home loan through an online lender. They have a target closing date set for August 21. The conditions were relatively simple and I have fulfilled them; they simply needed to verify a couple employment details and made me obtain insurance. I know not to run up my credit cards or make large purchases, and I've already renewed my employment contract for the next school year (I'm a high school civics teacher). My credit score is in the mid 700's and hasn't fluctuated aside from the hard pull. Can anything really go wrong at this point? I've heard horror stories of banks denying mortgages on closing day. I'm probably just paranoid...LOL! Thanks for your help! submitted by /u/HSTeacher1987 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/hzsb44/firsttime_buyer...

I want to buy a condo in Pittsburgh which only has 1 building with 3 total units. What I'm hoping is that I would then own 33% of the building. What I'm worried about is that the building itself is owned and controlled by someone other than the other 2 unit owners and myself and that they could raise the HOA fee to whatever they want and I'm stuck with the condo and can't do anything about it. If the answer is it depends on the what the contract paperwork says, who should I go to to review the contract paperwork to figure this out? submitted by /u/needlespines [link] [comments] source https://www.reddit.com/r/RealEstate/comments/hzs78q/condo_hoa_in_pittsburgh/

So a neighbor about 4 doors down from my home has their home on the market, they clearly put a lot of work into it and in less than 4 days its already under contract. Here is where my curiosity comes in, they have it listed practically double what we paid for our home. I have already touched base with the owner to compliment them on the work they had done to the place and passed along my well wishes that it goes through at or higher then ask price. But now I am curious would it be rude of me to ask what the appraisal came in at? If this isnt one of those "Faux Paux" like how much money do you make I am considering waiting until I see the house has sold just in case they are stressing over the appraisal screwing things up. Thanks for the insight! submitted by /u/Gousf [link] [comments] source https://www.reddit.com/r/RealEstate/comments/hzrftg/is_it_rude_to_inquire_to_a_neighbor_who_is/

Any advice? Gonna clean the house real nice like when it was showed. What are some other things I should be doing? Light bulbs? submitted by /u/justtryin2020 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/hzpt3h/home_inspection/

My fiancé and I are currently closing on a home. We were preapproved with some concern about how much I earn but was resolved and his pay was golden from the beginning. We finally found a house and now I’m just stressed they will deny us because of my lack of pay surrounding Covid. It’s improved some since pre-approval but not as much as I wanted. Everything I’ve been reading online has just increased my anxiety about it. Anyways, I’m just curious if the loan is denied what happens to the house we are in contract with? Is there a way to save the deal? And would getting a co-signer save the deal? I’m just unfamiliar with how this all works as a first time home buyer. Everything I’ve read online so far hasn’t helped me figure out what would happen. I know this isn’t looked upon well but his dad will co-sign for us if need be. Basically if for some reason we can’t pay, his dad wants the house as a flipper/ rental property so it works out for him too. We would have him removed from loa...

tl;dr: the question in the title Hi all - I've been a buyer in North GA since late February. Like many of you, I elected to put my search on hold due to COVID and am now suffering through an extreme seller's market. Lately I've been running the numbers on building, and it looks like the better option to me. One thing I'm trying to clarify, though, is what kind of commission my broker would be entitled to in a lot purchase+building transaction and who would be on the hook to pay it. I signed an exclusive buyer brokerage agreement in late Feb that runs for a year. From what I can tell, I'm not able to unilaterally terminate it in GA (could be wrong on this, info is sparse), so my options as I see them are: Have a transparent conversation with my broker in which I tell her that I've decided to build and ask if she'd still like to represent me in the lot purchase Have a generic "it's not working out" or "my plans have changed" conv...