Perfect build, everything that I wanted. Land.. white house with black gutters, new build... close to everything. Had public water, septic with all gravity flow, all electric.. Man... this is a TOUGH market. So the house was listed at 310k for 1500 sq ft, 3 bed 2 bath. The builder was the selling agent, which I found interesting, but my agent didn’t think it was worth that much so we went in at 290k, 70 down, I pay closing. He was supposed to get back with me bc she made it seem like I was willing to go that 310k, but make it seem like she was pushing the 290k.... that back fired. My agent is super awesome and friendly so I know she handled it fine. I think I’m just posting this to let it out bc I was hoping for this one. I know it’s stupid and I shouldn’t get too wrapped up in one house... but damn what am I supposed to do? Settle for a shit house? Everyone is hopping on these so fast and always seem to have such a high offer. I don’t have too much time to find a house either... m...

One of my favorite past times in the 2000’s was touring model homes. Builders had seemingly endless amounts. The home I grew up in was a former model home. Are model homes still a thing? I don’t see them anywhere. I don’t even see spec homes anymore. All new constructions have been bought before being finished even. submitted by /u/GulliblePirate [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luyku8/will_the_model_home_ever_return/

I learned of a house in a really desirable area that the seller is trying to sell without listing. I heard about it through a friend of a friend and at first assumed she was doing for sale by owner. I asked if we could use our agent for the contract, etc. and she said she already had an agent who was going to give her a discount on the commission for "bringing in the buyer." But she added we could probably work something out. The house seems great from pictures when it sold in 2016 and I'm eager to see if it would work for us. I told her I should probably coordinate seeing the house through my realtor and she replied that I'm not limited in viewing the home because it's not listed (and she had verified this with her realtor.) I'm not exactly sure how to proceed now. My realtor is going to call her tomorrow, but I'm wondering if I defeated the purpose of the seller not listing? Should I not have contacted my agent about it? What's the deal with selli...

I had originally planned on buying a house this year, probably in the next few months. However, the owners of the house I am renting decided to sell and I suddenly had a note on my door on Wednesday that gave me 30 days to move. There are no houses in my target price range and no houses I’d like to buy on the market right now that I can see. Even still, 30 days isn’t enough time I don’t think. So, I’ll have to rent another place, and sign a 12 month lease potentially longer and I’ll probably break the lease if I have to. The rental market is really tight right now too. So my options are super limited. However, I’d like to know at least what I qualify for, how much I’d need, and all that. So when I am ready, I am more prepared. Would it hurt now to get prequalified even though I won’t be buying for a year or so? submitted by /u/marty_byrd_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luxsbn/how_early_to_get_pre_approval/

I'm possibly interested in putting an offer on a property. In the notes of the condition there is an invoice that was done that the homeowner paid $11,000 for a completely redone drain tile and concrete foundation lay. This was done because the basement had minor leaking. The company that did the work and showed it with a five year warranty on the drain tile and a 10 year warranty on the support beams that were installed. While a part of me is happy that over $11,000 of work was put into the foundation of the property another part of me is worried. When there's a big problem such as a small leak and possible foundational issues it may be fixable but often times that can be a very big and possibly difficult job to fix properly After looking at the property in person the main level looks immaculate. There's almost no noticeable damage that can be done and it also has a newer roof. My only concern with the entire property is this work that was done to the foundation includ...

Hello. I am trying to figure out how much I can afford to spend on a house. I am 25. Live in US. Self employed/owner/operator. I have 36k in a roth IRA. 45.5k in a solo 401k. 26k cash. I am renting atm. Pay $700 + $100 in misc. fees on a 2 bedroom apartment split down the middle (roommate pays other half, 1400/2 bdr apartment). 1 bedrooms are about $1100 month. My business is 2 yrs old. 1 yr as a side hustle, made 36k. 1 yr on the “books”, filed as an LLC this yr. I’ll be filing taxes soon. Will have grossed 60k with a profit of 28k. Bought a vehicle so that took 15k away right off the bat (otherwise 43k profit). I want to buy a house. Honestly don’t want to continue renting or living with someone else for much longer than 1-2 yrs max. By then I think I can have saved up another 30-40k saved up. Houses are about 130-160k for a 2 bedroom in areas I wouldn’t mind living in. I plan on living here for the foreseeable future because of my business and I just like the area. My credit is ...

Hello! I’m looking into being a real estate agent and I plan on taking classes and the test this year. I am currently a college student(19 yrs old) Will firms hire me if I am a student? (I’m guessing it just depends) How can I get “hired”? As it being my first actual job, I don’t have very much experience except with some part time customer service I did while I was in high school. I really have no expectations for the first year or two I would just like to get to understand the ropes so I can succeed later. Another question: I live at a college that is practically in the middle of cornfields, if I want to move to a big city like LA to expand my real estate experience, how achievable could that be? submitted by /u/KernalKorn16 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luys4x/how_to_get_my_first_job_in_real_estate/

I put down money in October for a new build, costing 800k. Was gonna sell my current house for 390k, making 220k after closing costs. A week before breaking ground, I got really bad cold feet. I mean, really bad. I am self employed, and I worried about business and how it would be moving forward. We were fine through the pandemic, but for some reason I was just so scared. I mean, scared shitless scared. Probably had a mental breakdown. I wasn’t sleeping, I wasn’t eating, drinking. I lost 10lbs in 3 weeks. I kept going back and forth on what to do. Was I making enough money to afford this house?? Right now I could afford it. But I was terrified of the future. My mind was in shambles. After moving in, I was anticipating my savings being low. I wasn’t comfortable with that. I don’t have retirement or investments. I ended up backing out of the house and lost earnest money. Now I go on the builders website and hate myself. And now my wife really hates me. I broke her heart. That was s...

Do you think there will be more/less/same housing inventory this year compared to last year? I know it's different depending on local markets but generally speaking, what does everyone think? submitted by /u/tjreeves618 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luyo5o/how_will_the_spring_inventory_compare_to_last/

Hello all looking for some advice. Single guy here looking to purchase my first home. I earn about ~215k per year. Savings will be at about 80k. No debt, no student loans, no credit card debt... my monthly bills and living expenses are currently $700 bucks. Plus food & entertainment etc. credit score is about 790. No children, no wife. So I will be doing this alone. Im looking to buy a duplex. I live near a major city with high cost of living. Seems like duplexes in my area range from 700k to 1 million. 3 bedroom apartments within duplexes seem to rent from anywhere between $2300-3000. I have not gotten pre approval yet. Does anyone have any insight into how much duplex I can afford, given that I rent out one of the units. I’m thinking I should qualify for the FHA loan with the 3.5% down. My alternative to this would be to get a basic condo and just pay the mortgage and HOA fees myself and keep things simple. But I feel like getting a duplex is a better financial decision long...

I've been renting (different places every few years as situations change) since 2008, this is actually the longest I've been in one apartment (since 2015) and I've decided it's time to stop throwing my money away at something I won't get anything back out of, so I intend on trying to work up to buy something before this summer. As I have little saved up (see: renting, plus some COVID situations that I had to eat what little savings I did have), I gained some interest in a mobile home for sale in a park. It's actually a great looking place, in what looks to be damn good shape for a mobile home (mfg in 2017, so not that old). Wider than a single-wide, not quite a double-wide though. Perfect for a bachelor like myself who just needs some room for my cat to run around the house. I know there will be lot rent charges, and I understand the irony of wanting to get out of an apartment rent only to turn around and pay lot rent on top of a mortgage, but I think the mort...

Looking for some info on GREAT property managers. Care to give a recommendation on who you use or have used? (Location of the company doesn’t matter. I figure someone else may benefit from this post as well.) Please post it below. submitted by /u/MorenoAfricano [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lux73l/property_manager_recommendations/

I was looking at a recently remodeled home (flipped), and the name of the seller is literally an LLC with the address as it's LLC name like "123 Fall Street LLC". Is that fishy? Does it sound like someone is trying to cover his ass and protect himself from the buyer suing if issues are found later with the house? submitted by /u/LocalForumTr0LL [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lux01v/seller_created_an_llc_just_to_sell_a_flipped_house/

NACHI online training is free. This one wants $200 up front and $55 /month and this is what you get for almost $1K in overhead the first year Here is the link I reached through Craigslist in a random city: +++++++++++++++++++ Training Home Inspectors Across America After reviewing the following information submit application for consideration. To become a successful Home Inspector you must have a construction/trades background. You must have people skills. You must be business minded and want to build a long term stable career. Once you are properly certified and trained you could be doing inspections part time to start. An average inspection pays $475 (Example: 3 inspections a week part time would be $1425 (theoretical example and results will be based on your effort) You will be a 1099 independent contractor with flexibility and unlimited earning potential.. (flexible hours, unlimited income potential, tax benefits) Completing home inspections may lead to future remodels, ...

submitted by /u/QueenOfThePatriarch [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luw1b1/anyone_know_an_alternative_to_zillows_make_me/

Homes in my neighborhood are selling with multiple offers over asking price and over appraisal value, does the new sale price now become the appraisal value and comp for like homes? submitted by /u/HabeshaATL [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luvmkm/homes_selling_with_multiple_offers_over_asking/

My fiance and I are first time home buyers. We went through the process of getting pre approved and we were ready to go. We decided to use a realtor that my best friend had used recently and had a good experience with. We had a meeting with him a few days ago where he introduced himself and went through the whole buying process. The next day I found a house I wanted to see online and sent it to him. He showed us the house and it ended up being a pass for us. We have been entertaining the idea of building a house for a few months now, but after sitting down and going over all the pros and cons, we decided it would be the best thing for us. He sent me a buyers agreement and I want to know a professional way to let him know we decided to explore another path. I feel like an a**hole for essentially wasting his time and maybe I shouldn't have enlisted his services if I wasn't 100% set on buying, but I would feel bad ghosting him and I did appreciate his insight and professionalis...

There is a steep slope behind this home we want to buy, about 70 ft drop. Being in then Pacific Northwest, I’m concerned about landslides, etc. When we asked the county this is what they said “The Map Portal shows modeled steep slope and landslide hazard areas adjacent to and extending slightly onto your property. However, you would need to consult with a geotechnical engineer or other specialist to evaluate the area and determine the instability or risk of ground movement under present conditions” Is this cause for concern? Does anyone have experience with a similar situation? submitted by /u/wantfirenow [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luuqkz/house_with_steep_slope_away_from_yard/

About to put in a offer on a house but not sure what to offer initially. The listing price was originally 950k but reduce to 925k and I wanted to make offer 825k to get the ball rolling, but was told it’s such a low number that they aren’t even gonna counter offer. It’s a detached 2 family house that’s basically brand new but been on the market since 1/26/2019. Not even counting covid lockdown it was left untouched for a whole year. So I really don’t think it’s a low ball offer. Ultimately I’m looking around 860-880k but if I give that amount I’m sure they’ll raise it more. submitted by /u/ezreal3k [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luumhz/what_price_to_offer_brooklyn_new_york/

Viewing a house that is next to a large amusement park, currently being bulit, that will open later this year. The park is expecting 20,000 visitors per day and 2.5 million visitors a year. The positives is that it will bring thousands of jobs to the area, as well as a lot of money. The negative is that the town is small, so traffic would be insane, and you maybe have strange people driving through your residential block or even leaving their cars there. With that being said would you buy a house, if you absolutely loved it, under those conditions? How would that affect property values? The house is maybe 2 blocks/streets down from the amusement park. submitted by /u/realization667 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luu938/would_you_buy_a_house_that_was_near_a_large/

Single, 31 year old male who moved back home last June because of the pandemic. Currently I am looking for a house around the 350k range. I have a great credit score and have about $20,000 for a down payment/closing costs. I've been looking the past few months but there hasn't been much out there as far as houses go. I told myself that if I don't buy one by April/May I'm going to back to renting for a year and save more money for a down payment. I found an apartment that I could rent for about $1600/mo for 15 months. I then could save about $1000/mo and have another $15,000 for a bigger down payment. Obviously I could save even more if I stayed at home however as a single 31 year old buy it isn't the best place for my dating life/social life . After that 15 months I'd have about $35,000 for a down payment and could easily be more, depending how diligent I am at saving. Should this be something i consider since I don't have the biggest down payment for a hou...

Looking for more opinions on if I should wait another year to buy our first house, SFH in central NJ. The thing is, we don't really need to move. It's just that...we can. We could last year, but decided to wait because the market was too hot. Well, where are we now? Currently I am renting a 3 room townhouse. We have been here for 2 years and our landlords have been nice enough to keep our rent steady. It is a good place for us, no real complaints. I am planning on getting a 100% VA loan. Current Rent: $2700. Current savings ~60k Range of cost: 550-700 Location: Central NJ I now know I shouldn't have waited last year. Houses are going for 60-80k more than they were last year. Will waiting another year help? submitted by /u/DR_SAP [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lutaa4/deciding_to_buy_in_nj_or_wait_another_year/

I found a place that is perfect for me and my family. The landlord said they would be making a decision on the new tenant this week. Should I call today as a follow-up call, making sure our application is clear and to ask if they have any questions? Also I was considering offering 3 months payment in advance. Is this a good idea or can this hurt my chances? Will I seem desperate? submitted by /u/lovevxn [link] [comments] source https://www.reddit.com/r/RealEstate/comments/luuxn2/i_found_my_dream_rental_property_as_a_tenant_the/

Bought the house in 2018 for 189k. It was built in 1915ish, 1100 sq ft and marketed as a 3b/1.5ba home with a back deck. Interior is very updated with a lot of natural light. Some downsides are street parking only (quiet street, never had problems), and it’s old with previous foundation repairs and an area that’s settled (engineer recently came out to inspect. Suggested some repairs to help stabilize the structure but not immediately needed). It’s also more like a 2.5 bed/1.5 bath as the 3rd bedroom is a big office but too small as a room for an adult. Taxes are also higher since it’s in the city. Other than that it’s pretty turn key move in ready or rental ready. On the market for 4 months now because I have to relocate soon and realized that homeownership really isn’t for me anyway. Started at 225k but since have come down to 199k. Haven’t gotten any offers after 60 showings, nor too much constructive feedback besides what I’ve mentioned above. It’s already priced the lowest in the...

Hi everyone, what source does this sub rely on when they compare rates. I got 2 offers for 590k loan after 20% down at 2.875 and 3.125 to 3.25. It makes a big difference at high loan, so where do we get reliable numbers that we can throw back at the broker who quotes higher, or do we just keep calling and asking different banks for rates? submitted by /u/sal3fox [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu7bbw/where_to_get_true_mortgage_rate_to_compare/

Hey guys, I’m a first time homebuyer and I was lucky enough to get an offer accepted and I was super excited about it until we got the roof inspection report back. Now I did not waive the inspection contingency and after the roofing company did their inspection they determined that the roof had been improperly installed and needed to be completely replaced. I’m wondering how I should proceed in negotiations because obviously I’m not going to pay what I offered when I need to get a whole new roof. I’ve been reading that I don’t want to have them fix it because they might cheap out and do a crappy job to save cash. Is there truth to this? What options do I have here, and on top of that are there any other major red flags I should look for on my final inspection day that scream back out of the deal. submitted by /u/ABlueHatchback [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu7e6v/bad_roof_inspection/

I'm from a small town in the upper peninsula of Michigan. Real-estate is generally cheaper up here than a lot of areas. I've recently put an offer in on a 2,300sqft quad-level on the edge of town in a nice neighborhood. Originally the owner was asking 169k which seems fairly normal for this area. It's a big, nice house. The owner was renting it out which in my opinion was why it stayed on the market as long as it did. The tenants were making it difficult to show and also had a grow room in the garage so potential buyers couldn't have access to the garage. Eventually the price dropped to 159k. My wife and I put in an offer of 130k and it was accepted without a counter. The tenants took the dishwasher when moving out and broke the glass on the stove so the owner then took another $1500 off the price to replace the appliances. The house also has a 30 year old boiler so that would obviously need to be replaced before next winter. My question is should I push the boiler iss...

Hey everyone I currently have a mortgage at a 30 year fixed term at 4.125% with $281,272 left. I'm looking to refinance and I'm looking at 2 options: Loan amount of $290,147 at a 30 year fixed rate at 2.625% with closing costs of $3 (Much of the closing costs have already been rolled into the new loan balance). Total savings cost would be $23,931 at 10 years according to the Zillow refinance calculator. Loan amount of $288,633 at a 30 year fixed rate at 2.75% with no closing costs (Much of the closing costs have also already been rolled into the new balance). Total savings cost would be $22,368 at 10 years according to the Zillow refinance calculator. Because of the cost savings at 10 years I'm leaning towards option 1 with the 30 year fixed rate term at 2.625%. I've heard from others that it's better to take a higher interest rate with $0 in closing costs but looking at the cost savings 10 years down the line it looks like I would come out ahead if I opted fo...

This is our first time selling our home and I’m not sure what’s standard practice regarding holes in the walls 😅 Do you leave them or do you spackle and fix up like you do before leaving a rental? submitted by /u/charfiee [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu45sv/nail_holes_fix_or_leave_when_selling/

https://www.redfin.com/CA/Sacramento/2252-El-Camino-Ave-95821/home/19136707?utm_medium=share submitted by /u/John_K_Best [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu3a9j/selling_my_house_so_many_memories/

My wife and I are considering purchasing a home that would require us to take over the lease of the current renters and then we would move in within 6 months. Has anyone out there done this, have feelings or opinions on it? It’s a great property and checks the boxes for us to be willing to do it. How would you handle it? submitted by /u/gtrunner [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu39zy/opinions_on_buying_home_and_taking_over_lease/

I have recently been Preapproved for a mortgage and have some questions refuseding how the apprasial factors into buying. Let's say I find a house for 250k, get an offer accepted for 240k and submit to my lender. Part of the process will be the house getting a proper appraisal. How close does the property have to be to the proper appraisal value? If it appraises at 220k, or 200k would that likely shut the whole deal down? Does it have to be within a certain percentage of the loan amount or how exactly picky are lenders when it comes to appraisals on accepted offers? submitted by /u/Qppaid14 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu31xg/appraisals_with_lenders/

Personal situation: incredibly hot seller’s market. Plenty of cash, income, and savings. They said they’re invested in some property, not sure if they meant invested in the same property they were recommending. They said I should look into condos that weren’t built yet and that they “had the inside track” on when other buyers back out and so I could snag one with just a few thousand to hold the condo until it was done being built sometime in 2022. Is this a “spec” home? Is it a good idea? They claimed this might somehow mitigate the whole issue right now where every home is going 20% over listing. And that in doing so, I will have a home that may appreciate greatly over the next year before actually moving in. Thanks! submitted by /u/aj1t1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu2ylb/realtor_advised_me_to_buy_spec_home/

Hello! Seeking advice here. Situation: Pro - Able to sell home through employer relocation with significant equity to gain and no closing costs to pay. Con - purchasing a new home of similar size with decent school districts in Southern California will be high prices and very competitive, even with 20% down. Question: Should renting be considered to see if the market cools and competition dwindles? Risks being considered are that interests rates increase, competition remains strong, prices and demand increase more and lost tax benefits of home ownership while renting. Thanks! submitted by /u/tarbeez [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu2ngp/postsale_buy_high_or_waitrent_southern_ca/

I'm planning on moving to California sometime soon, but right now I'm in college. Can I make use of my real estate license until and if so how? Thanks. submitted by /u/Kaali_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu2k5m/can_i_use_my_california_real_estate_license_from/

I am about to list a house where the seller has an open permit on a deck he built. He is confident it will pass inspection but it will be annoying because he said he has to dig and show the inspector how the footing looks. Is it ok to sell a house with an open permit and any suggestion on how to protect my self from any accusation of not disclosing? Also part two, a hand rail for the steps in the house probably wont pass inspection because its too low. Is that going to be a problem? My seller said they could fix this but Its really nothing crazy, I feel like the next homeowners wont care. I would like to know what I suggest to my client about this. P.S. I am a new real estate agent and maybe what I wrote is really dumb and obvious so thank you for your patience in advance submitted by /u/RealEstateSalary [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu219u/selling_a_house_that_has_open_permit/

I made an offer on a house and lost because they said the other buyer had underwritten pre-approval. I asked my lender and they said they could send me a buyer certified letter. Is that as strong as having underwritten pre- approval? They seemed hesitant on giving my underwritten until I have an offer accepted. submitted by /u/ninjabearpower [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu1isf/buyer_certified_letter_vs_underwritten_preapproval/

Hey there, I want to get my Real Estate License in both California and New York, what's the best way to go about this? Which one should I get first? I plan to use Real Estate Express and don't live in either state/ submitted by /u/Kaali_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu1fid/can_i_get_my_real_estate_license_in_two_states/

Long story short, I was contacted by Amerisave mortgage out of the blue after I submitted a pre approval letter application of another mortgage company yesterday (with that being said, they probably got my information illegally). Today the sales agent attentively led me through and put me on an online application which unusually introduced a $500 application fees in the end (usually for pre approval letter this shouldn’t exist , right ?) and I was kinda mentally tricked by the agent so I paid. Then after some research in the afternoon I realized this could be a scam—the loan they offered me orally was low , the application fees shouldn’t be there and the sales contacted me without my consent , they didn’t encrypt my SSN... plus on Reddit some ppl said they got ghosted after the application fees too. It was all red flag so I contacted my credit card company to issue a charge back a few hours after the transaction. Do you think they would side with me in the dispute or Amerisave took ...

I believe that if I refinance our home, we would have to "pay" the first time homeowners grant back. It's something like $7k for 15yrs (starts to go down at year 10). Here's some info: Loan: 189,1k Rate: 4.75% Term: 30yr Type: Conventional Year purchased: 2017 First time homeowners grant: $5.6k (180mo loan) Monthly: $1475 with PMI, Escrow; $987 principal & interest Location: Charlotte Area, NC I've briefly looked into refinancing already with couple of companies but backed out because I have no clue if it's worth going through. I know I can very likely get a rate under 3.75% but wanted to know if anyone else has done this before? submitted by /u/megawatz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu0u6t/refinancing_w_a_firsttime_home_buyer_loanis_it/

My wife and I are looking at homes in the area where I grew up. We're pretty familiar with it and know we want to live there. We've considered moving there to rent, but rental prices are no less than 2x what a mortgage is there and no less than a year commitment on a rental, and there are very few rentals available. We've decided to try to buy since our current lease is up at the end of April, and we do have a temporary place to stay in the area while we work out details if need be. I'm a nurse, and my wife is a banker for a very well-known bank that's has locations all over the US. I'm considered an independent contractor through my job, and I can start working in a new city in as little as a couple of days since all my branches are connected. My wife has to apply for a transfer, or new position with her bank, or she'll need to apply for a job at a new bank. I'm worried about being granted a loan with us currently having jobs where we live, and not ...

I need some advice. Im interested in getting an FHA loan to build a house on my own land. Has anyone gone through this process before? I need some advice on the best lender to use for this purpose and what to expect. Someone suggested Quicken loans.... any advice would be appreciated, thank you. submitted by /u/brandog0 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu0hg0/fha_loan_for_building_new_home/

Buyers out there, talk me off the cliff please. Tell me what’s going on on your side as a buyer. Background: I’m selling my house due to a relocation w/ work to another state. Its a hot area (I’m told), with next to no other houses for sale. I priced it fair (I had to due to relocation requirements) and I’m not looking for crazy over asking offers. Today was the first day its been listed “live” and we have a total of 62 showing scheduled over Sat, Sun and Monday with an offer deadline of Monday at 2pm. My realtor recommended doing this because of the hight amount of interest we’ve seen but I fear that this might have backfired. Its the end of day 1 and there’s not been a lot of feedback and no offers. I’m super surprised by this. I’m freaking out a little because Ive just left the house and moved to the place and I’m terrified that it wont sell now because I really expected at least one or two offers on Saturday. So buyers, tell me this: When you’ve looked at houses and there’s an...

We are in escrow on a home that we are renting. The neighborhood has been rallying to get the city to stop a recycling plant from being built about a 1/2 mile from our neighborhood. Since we are up hill there is nothing to stop the noise from the plant which will operate from 7am - 7 pm 7 days a week. Apparently it’s going to have explosions to demolish rocks as well. It’s supposed to be operational in the next 6 months. The only reason we know this is because we live in the neighborhood. The seller did not disclose this. We have an appraiser coming this week would I ask him if that would affect the price? submitted by /u/Diamonddan73 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu06iq/would_a_recycling_plant_that_is_planned_to_be/

submitted by /u/KwamBlac [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu06hx/anyone_a_cash_buyer_in_nj/

Backstory we were looking in the city for commercial property for me and my father we found a private seller listing of a main building with a pole barn sign was in the window stating 2100 sqft for the main and 1600 sqft for the pole barn we negotiated for the property and we signed a purchase contract the closing date is on the first so we had to get insurance on the property over the weekend our insurance agency asked for detail of the square footage of the buildings and the main building is 500 sqft smaller than what was represented to us at 2100 sqft. What kind of options as the buyer do I have? submitted by /u/AGRUSTJAKE [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lu05c3/commercial_property_misrepresented_square_footage/

If so, are there any specific numbers on how much lower it was than expected and anyway to check this information for a specific region? submitted by /u/KspaceFORCE [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltg83j/was_there_a_significant_decrease_in_the_amount_of/

First time buyer here, waiting for our appraisal and just wanted to know what appraiser typically looks for when pricing a home... I’m mainly interested in knowing if the surrounding area comes into play... our potential home is a new construction 3/2 home 1,330sq. It’s the only new construction home in the area and it’s surrounded by rundown old mobile homes at the moment, will that affect the value of the home? submitted by /u/TripLopsided [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltg7mg/what_do_appraisers_typically_look_for/

So I have a couple pre approval offers that I'm considering. But what I'm wondering is with regards to pre approvals; are they specific to the address given or could I use the approval for other properties of equal value to the approval? Your responses would be greatly appreciated. submitted by /u/solidcastillo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltfzma/pre_approval_help/

Hello, I am a first time homebuyer and due to close next Tuesday (3/2) after a long journey. I got distracted with some other personal things, and didn’t submit the request for a new service early enough with the electricity company. The earliest they can start the service is 3/4, which is two days after my closing. I am assuming the seller will disconnect their service on the closing day. Does this mean the house will be without electricity for two days? Is it true that some utility companies have a grace period? I plan on to call the utility company on Monday but I am anxious.... Any experience with this? Thanks, all! submitted by /u/bearsschrutebeets [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltfnod/first_time_buyer_utility_question/

https://amp.usatoday.com/amp/6671282002 Don't know if I should wait a little bit as j can't compete with people offering 10% more of the asking price of a home. submitted by /u/iliketobefunny [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltfdls/do_you_believe_the_housing_market_will_dip_a/

Just moved to Colorado Springs and this market is nuts. Houses are under contract in 72 hours or less, and selling for %10 over the already inflated asking prices. After 6 weeks of hotel living and being out bid on every house I'm tired. So me, not wanting to deal with that BS, decided to start shopping for land to build on. I found my ideal property. It's seriously amazing. 30+ acres 15 minutes outside town, and all utilities already installed on site. It's ready to build on. Did I mention 180 degree views of the Rockies? Now I want to do a construction loan where I finance the land purchase and construction together. USDA, FHA, and VA all have programs for this scenario, as well as banks themselves. I email my mortgage guy, explain it all. They don't respond for three days and only after my agent calls and gives them an earful. This shit bag tells me that "construction loans like that aren't really a thing", "construction materials costs are to...

I have a 50lb pitbull. I know many HOAs have weight and breed restrictions. give it to me straight, will I be able to find an HOA where I can have my dog? (Looking in the SF East Bay Area) submitted by /u/shutupbryce [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltf3rl/do_pet_friendly_hoas_exist/

I'm currently 21 years old and am taking my pre-licensing course for the state of Virginia. I have little to no background in real estate but will learn through the course. I've heard many people say that the course did not teach them much and they felt as though they did not learn much from it. I'm a bit anxious to get into real estate because I feel like I won't know enough information. For those who are already licensed, do you feel like the course prepared you to be a real estate agent and gave you the knowledge you needed? How effective is the course really? I feel like most people really start to learn about real estate after getting into the business and working for a few months. Please share your experience! submitted by /u/Personal-Anybody-358 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltdcc8/newbie_in_real_estate_real_estate_agents_please/

With rates going up, I'm getting pretty nervous. We're getting a new build but our house won't be ready until Aug/Sep. Our Loan Officer told us this: So yes, rates have gone up a bit. However, the expert predictions are saying that rates will stay a little higher for the next 3-5 weeks. And then once we hit Q2, we should see rates come back down. Maybe not to all time lows, but potentially high 2s low 3s again. So today the rate for your loan at par, meaning no cost to you, is 3.25% which on an extended lock would cost around $3,500 plus the .5% deposit. If youd like to look into this I am happy to. But there is a lot of confidence that rates should come back down. ​ Do you think this information is accurate? submitted by /u/rollergirl321 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltdsyd/should_i_try_to_lock_my_rate_now_at_325/

Hi everyone - I want to get some opinions on a rent vs. buy situation I’m thinking about right now. Background - I’m 24 and live in downtown Chicago with my wife. We currently pay $1,725 a month for rent for a solid 1 bed/1 bath apartment. - We definitely plan on living in Chicago for the near future (I’d say at least 5 years), but I could see us moving elsewhere after that Financial Situation - Current combined net worth is around $40,000 - Combined salary is $110,000 - We’d be looking for a condo between $150-200k - We’d put about $8,000 down with closing costs bringing the total upfront costs to $15,000 - The monthly mortgage/HOA/tax payment would be about the same as what we’re currently paying in rent - The two figures above were based on conversations I’ve had with two lenders Pros of Buying - Building equity - No longer spending money on rent that we won’t get back - Freedom to make the place truly our own - Potential to rent it out even if we move - Opportune time to buy i...

Hey guys! so, im super stressed out about this. i bought my first house earlier this week (townhouse) and the fence is in a state of disrepair, rotted and falling over in places. I wanted to see where the property line is so I don’t encroach when i build the new one, and when I checked with the tax assessors office I realized that the fence is built 20 feet away from where the property line actually is (majority of the neighbor’s yard is actually my property). I am planning on handling the entire fence replacement and not asking them for a penny, or asking them to contribute anything, basically just planning to tell them that I am replacing the fence and taking back my property that I just bought. I have a surveyor coming out in a couple of days to have official documentation before I go and talk to the neighbors, but i am freaked out. has anyone dealt with something like this before? how would you handle this or react if you were told by your neighbor that your yard encroaches 20feet...

Hey all, I'm doing a 2nd story addition to my home and was wondering if anyone has done remodeling in the LA area during the pandemic? What was your avg price/sqft? I'm getting quoted at around $400/sqft submitted by /u/GeeRodreezy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltdavw/construction_in_los_angeles/

I bought a townhome a few months ago near some houses that were a bit more rundown. It's like half the street is nice homes and townhomes and the other half is rundown homes. This area is right on the outskirts of a very expensive area thats been getting more busy. I started hearing construction early in the morning a few days ago and looked it up. They're building over 40 3 story townhomes and 40 2,800+ sqft single family homes right next to our community and all the way down to the next street and getting rid of the rundown homes. How long does it typically take them to build all this and will it be good for my townhome ? submitted by /u/ZealotOfCannabis [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltd4i3/is_new_construction_nearby_generally_good/

We've usually lived in the country, and are looking to move to a relatively large city suburb. We're not sure about gated communities, but are interested in them. Pro: -Security, or the illusion of it -Communal ammenities like pools, golf course, clubhouse, weight room, playgrounds -The largest pro by far that I've seen is kids running free with their friends. My kids would absolutely love this. Cons: -HOAs will keep it clean etc, but I think it may feel oppressive with them having power, especially seniors with too much time on their hands -Extra expense -Lack of culture, diversity. Really very cookie cutter Has anyone lived in a gated community? I'd love to get your opinion. submitted by /u/caleb48kb [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltchy6/how_are_gated_communities_would_you_recommend_them/

Was offered the job in South Texas. Any other Redfin associate agents here? Would love to hear your experience/feedback with the position. Especially the auto insurance requirements because $500K bodily & $500K property when no one will be riding in my vehicle sounds a little overkill. Thank you! submitted by /u/sethrage17 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltcsgx/any_associate_agents_for_redfin/

I’m a first time homebuyer, I work for my family as a w-2 employee. Im in the process with Bank of America and actually just paid for a rate lock yesterday (regretting it now). Bank of America has been really weird asking for a BUNCH of documentation. Making me write letters for why I got a raise, making me send P&Ls and balance sheets for businesses I have filed but never actually “started”. They questioned payments coming out and into my personal account. This being my first time I don’t know if that’s normal or not. Doesn’t feel normal to me so I’m considering eating the rate lock fee ($950 :/) and going with a mortgage originator who may not be so needy. Am I bugging out and this is normal? Or do I jump ship and there’s a mortgage originator that can save me from this he’ll? I have enough on my w-2 to suffice for the debt to income. I have enough of a down payment. My credit is 750+. I’ve never not had a job. Feel like BOA should be throwing a mortgage at me lol Thanks eve...

So I want to see if there are any buildable portions on the 20 acres I'm interested in buying before i sign any agreements to purchase it. Is there a way i can pay a builder to walk the land with me and point out good areas? It's a mix of wetlands and higher points. There is a creek that goes through the land, and the first couple hundred feet are wetlands. Im in Abrams Wisconsin. Thank you for the help! submitted by /u/Resurrectedwolfz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltcdb2/buying_a_future_plot_of_landbuilder_before/

I live in Portland, OR and have been looking at becoming an Associate Agent for Redfin (Showing homes, attending inspections, etc..) I've done plenty of research on the position and it seems like something I would like to do, I just haven't been able to get a clear answer on what the average monthly pay is. Can anyone provide any info on this? submitted by /u/Atomicman4 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltc99i/how_much_do_redfin_associate_agents_make/

I am scheduling a closing date with my real-estate team. There is a family currently renting from my house and when I asked them during the inspection and asked the renter where she would be living afterwards and she responded they had no where to go. It’s none of my business but what is is my mortgage payments. Legally do I have to agree to put down the closure money even though they still live there? With the COVID 19 renter protection waivers in place I am nervous that they won’t be out by next week. submitted by /u/Educate_Society [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltc64e/question_about_renters_still_living_in_my_house/

Found a beautiful condo I really wanted and made it clear to the realtor on our portal. 2-3 days pass and no showing was scheduled by her and then now it's pending a sale so it's already gone. I don't get quick responses and feel like I have to do a lot of the work? Is this normal or should I be expecting more. This market is stressing me out like crazy as a first time buyer and looking for some guidance. submitted by /u/YKI_Evade [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltc2gf/does_my_realtor_suck_or_am_i_being_harsh/

We had a 1 year lease for our warehouse and expanded very quickly. We're about to sign a lease on a larger place. I asked realtor for current place if we could do 30 day notice and pay 3 month penalty to get out of our lease. We have 6 months left, so we'd move out at 5 months left and pay 3/5. He said via email that yes LL agrees to that. I email him yesterday and said we want to exercise that agreement and sign it ASAP so we can do April 1st moveout. No response. Call him today, he says he'll get to it early next week. I tell him that would be too late if we were sticking to the "30 day notice". He starts to get annoyed and says I can get my own lawyer to draft it. I say sure, who do I send it to so it'll get signed quicker.... he mutters for a second and say that won't actually speed it up. WHAT LOL. He was being extremely friendly a few days earlier when the idea of me resigning with them was still on the table, shocking! It sounds like he's go...

I'd like to buy 50+ acres of rural land and plan to develop it for my own long term needs. Short term goals includes improving or constructing road and building a home. What kind of land loans and flexibility when presented with plans can I expect from lenders? I'm expecting to pay at least 30% down on a property costing $200,000-$400,000. submitted by /u/passed_away_to_death [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltbrxc/does_anyone_have_experience_with_the_purchase_of/

Hi all, As title says, the seller wants to rent back for 45 days after closing of escrow. We're collecting a deposit and leaving it in escrow. We're purchasing homeowners insurance, will this cover the rent-back period (it will start the day after escrow closes), or do I need landlord insurance? Does the renter have to get renters insurance? I personally don't care if they do or don't, as long as it doesn't impact me. I want to make sure if something crazy happens to the house during that time (flood/fire etc) my homeowners insurance will cover, even though I won't be living there yet. Thanks. submitted by /u/aliasis4 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ltbbwk/purchasing_house_seller_wants_to_rent_back_for_45/

I don’t make much I make around 30k a year but don’t pay rent. My parents pay half of the rent I pay half but don’t tell the landlord. So the landlords is selling the apartment and asked us to find a place to live but houses for rent cost around 3k to 4k for a 5 person family so my question is is their a program that can help me how much can fha give me. I have a 750 credit score the problem is income and I don’t have a co-signer thanks. submitted by /u/ReadyPerformance7084 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lsowld/need_to_buy_a_house/

https://azbigmedia.com/real-estate/residential-real-estate/zillow-starts-making-cash-offers-for-the-zestimate/ submitted by /u/Augustus-Romulus [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lsocza/zillow_starts_making_cash_offers_for_the_zestimate/

I'm looking for an apartment in Brooklyn, NY, and I keep getting reached out to by a company called Loftey insisting that they can get me the best rates on an apartment. I told them that I am hesitant to use them and I plan to negotiate myself by offering to pay 3 months up front in exchange for an extra 2 months off a two year lease. The Loftey salesman then told me that landlords are no longer allowed to accept extra money up front in rent or security. Is this true? submitted by /u/maiopolis [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lsoodl/is_there_a_law_in_new_york_where_landlords_are_no/

So broker sided with agent on signing closing docs with notary and no support from agent. They expect me to sign at my home with mobile notary without any explanation or support and before walk through is completed. WTF? What is my recourse this late in the game 3 days before closing? submitted by /u/manoflamancha71 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lsocii/agent_and_broker_not_providing_walk_thru_on/

Hi All, Shopping for a home in Hawthorne, CA with intention to convert garage to an ADU and rent it out on AirBnB. Assuming it takes 6-8 months to complete (permits are taking 4 months due to covid) I was planning to get an appraisal and do a cashout refi to pay back some family members. Income is healthy and I'm not concerned about putting 6 months onto the back of a 30 year loan. 1) Equity in this town is growing at 45K every 6 months for the last 2 years. So there is that. 2) My main question is has anyone done this? Appraisals on ADU's are fairly unknown. I've seen simliar price per sq ft as homes suggested (but this isnt adding sq ft), some suggest comps which are few and far between, and ive seen projected rental income as a factor. The problem with this is I'm planning to refi before its even rented out for a month. Has anyone been through this? Any idea on the value of the adu itself? Any responses much appreciated! ​ **side note: homes are going for 90...

My situation is backwards from what most people do. Typically people will live in the main SFH and rent out their ADU. What if I wanted to do the reverse? Purchase property (existing SFH w/ existing ADU) as my primary residence, purchase price is around $1.2M. Live on the 600sq/ft ADU, rent out the main 2100sq/ft house. Can I depreciate the main house against the rental income on the loan? Would I be able to get a conventional loan for this setup? How do you value the home? I could appraise each structure separately but you can't really sell them separately. Anyone run into this before? Socal is my area if that helps. submitted by /u/anteatertrashbin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/lsnc5k/sfh_with_adu_how_to_depreciate_the_sfh_if_im/

Okay...we own about 40 acres in NE TN. No house...rugged land. No structures. Not lived on (that we know of) since 1960 or so. Has had some logging in the past without permission. My mother owned it and passed away about 1993. Thanks to the person that was executor of my Mother's estate it is still in my Mother's name but there two 1/3 owners and 4 1/12 owners. My Mother had a will but my sibling that had a 1/3 had no will. No arguement there...four kids each with 1/12. No real interest selling yet...county says value is about $110,000 had lowball offers from bottom feeding companies. Am I wrong for wanting to clean up the ownership to open our options to more than just pay the taxes? Thoughts on cleaning things up...and how things are done in TN. 2/3 owners in CA and OR...1/12 owners two in CA, one NY and last in HI. Don't think any of us have any intention of moving there...a trust? Pass the mess on to the future generations? Arrgh! submitted by /u/sanmigmike [...