Our house went on the market yesterday and we received several offers today. Cash offer for $7k over asking price with no appraisal. VA loan for $20k over asking price. Not sure how they would cover appraisal gap. Conventional for $5k over asking with a 15k over asking escalation clause. Cash offer is firm, they won’t go higher. I’m a bit worried about the VA offer due to stories I’ve read here about more rigorous inspections. Our house was built in 2007 and is in good shape, but the AC is original but still works great, however I’m not sure what would be uncovered if it was inspected closely. Cash offer is appealing, but is it worth $13k to not have to deal with an appraisal? I’m pretty sure my home will appraise for asking price, buy anything higher is uncertain. Thanks in advance for comments and opinions/suggestions. submitted by /u/monsterlab [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npmxs1/what_would_you_do/

When an extension is needed because the buyers are still in underwriting, whose job is it to get that extension? submitted by /u/Sunflower23xx [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npmwoj/extension_needed/

I recently got a Statement of Issues letter in the mail from the DRE. I passed my exam on the first try back in June 2020 (1 year ago). When I was 22, I made a dumb mistake and I got a federal felony on my record, it was a “maintaining a drug premises” charge. This happened in 2016, when I was 22, I did my bid, I got out, and now at age 27 I have completely flipped my life around, I should add that, that is literally the only charge I’ve ever had in my life. I was a good person then, I’m still a good person now, I just made a dumb mistake. I’ve already been tortured enough, while I was in, my wife mentally left me (broke up w/ me right after I got out) and now I do 1 week - 1 week with my son. I’ve done my grieving and crying, and now I just want to create a better future for myself and my son. Not to mention my mother who went wild because her son was going to prison. I’ve already hurt enough people. I would have worked so hard this past year had I had my license, I’ve just been an i

Hello, Do you guys add home security systems or smart home setups to your real estate properties, specifically homes, to increase the value and what you can charge to rent the property? submitted by /u/toasterman234 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npl9a5/smart_home_and_security_system_to_add_value/

Don't have enough credit and earnings on the books yet for my small business and need to move by spring. Sitting on about 200k budget and am trying to chart a path. I run an ecommerce business and can work from anywhere location wise. We're also homeschooling the little one for the next 3-5 years so very flexible. Looking at older resort property in the PNW and seeing .25-1 acre lots ranging from 40-120k. This space would be great for gardening and being more self sufficient. Trying to price a used mobile home or price out a prefab when lumber comes down. Most lots have electric in the street but no gas or plumbing. Septics seem to run around 15k-20k. Not sure about foundation pricing or other unforeseens just yet. With big funds buying up homes now this housing bubble seems like it'll transition into a rising rental market for a good 3-5 years? Should we focus on getting land now and live in a 32' trailer or mfg home while sorting out housing and save for somethi

This applies to every aspect. I don't care if you are a client, Realtor, inspector, or any other aspect. Pay people properly. When you insist on discounts, it pisses the people you are trying to hire off, and then they do a shitty job. I am seeing it over and over again. There was a Realtor who got talked down from a 5% to a 4% commission. Because it is less, she is offering 2% to the buyer agent, and 2% to herself as the listing agent. To add insult to injury, the seller is also asking $1.1m for the home, which is around $150k over what I think it will sell for. Now the buyer agents don't want to work for her, and are trying to weasel out of selling clients the property. To compensate she has to now advertise more, but because she is getting paid less, she is cutting corners on her advertisements and open houses. Overall, in attempt to save $11,500, the home will probably get stale, and sell for WAY less than $11,500. Then because the price is high, instead of listing at $1m

Why are the older homes priced at almost par with new 2021 homes ? You walk into a newly built home and that new smell and everything attracts you to the house vs the old ones where there is nothing to be excited about Is there any benefit of getting a older Home vs new ones ? submitted by /u/redditchamp007 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npkl8y/buying_a_2021_build_vs_buying_old_homes_1960s_70s/

My wife and I were pre-approved for a 415k loan. I make around 105k and my wife 25k. We have an accepted offer on a house now and going through the loan process and verification. My wife’s part time teaching contract is up in just a month or two at this point and we haven’t told them yet, but we’re thinking at this point we should probably let them know our plans (it’s in writing with her job now, it wasn’t initially). She doesn’t have a new contract lined up. She might just substitute teach and/or stay at home mom for awhile. We’re thinking with just my income and our total assets ($200-300kish) that we’ll probably be ok, but not sure if it’s going to upset the lender as we’ve already gone through some of the processes and I know big changes like this are a no no. Are lenders more or less sensitive to something like this with this hot market right now? We were approved for just 5% down and about $2500 a month. I’m thinking worst case they’ll ask for more down? Or maybe they’ll want

submitted by /u/Ecstatic_Love4691 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npkdsi/job_change/

Not sure this is the right forum to ask, apologies if it is incorrect. Just wondering if an apartment building corporation (big one that owns complexes all over USA) say you have to pay 2 months rent to leave early (which is in their contract) but they left last year during pandemic because they couldn't afford it anymore, is there any way around the large fee? Edit: the leasing office and finance dept. refuse to negotiate a reduced price submitted by /u/Abjectscientist1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npjvdh/if_someone_had_to_leave_their_apartment_and_break/

Is it possible for someone using a first time home buyer loan to put ownership of the house under an LLC for asset protection? submitted by /u/bytecollision [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npjr90/first_time_home_buyer_asset_protection/

Hubby is helping his brother sell a townhouse. Brother is insisting on doing this FSBO. (We would use a Realtor but it’s not our house.) So those of you that are house hunting, do you depend on your Realtor or do you check Zillow, Redfin, Craigslist??? We have had professional photos done. Any suggestions on where we should advertise appreciated. submitted by /u/Motor-Winter5581 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npil6l/where_to_post_a_fsbo/

Hi, there's a property I'm looking to bid on but it has a HERO loan by the previous owner. Seller says the lien will be paid off at COE. I understand property will be delivered to me without affiliation with any HERO loan. However, when talking with my lender, he says I'll still have to pay the extra amount from the HERO loan until the county updates its records to reflect loan has been paid off. My question is, is this accurate? How long does the county take to update its records to reflect the normal property tax amount? submitted by /u/rljy89 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npjk8e/buying_a_home_with_hero_loan_attached/

Housing markets are complex with a lot of factors that need to be considered but I want to ask the question: What are your thoughts on the current housing market in Colorado and/or the national housing market in general? submitted by /u/Ayabeep [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npjf60/colorado_housing_market/

the home has 1 year warrenty for everything inside of the home and 10 year for the structure. Do I still need to hire someone to do an inspection for the home? submitted by /u/dvabak [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npjd4x/should_i_do_home_inspection_for_a_new/

Hi!! I’m not sure if this is right the right one to post this in but I’m looking for a small franchised motel! I have no idea where to begin the search. Loopnet doesn’t have a lot of listing. I appreciate any tips or advice! Thank you submitted by /u/lilblusky [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npjaxa/looking_for_motel/

We're seeing a lot of back on market homes in Colorado Springs. Is this happening in anyone else's market? submitted by /u/irisburton [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npiftv/back_on_market/

I really need some advice here. My wife and I bought a new construction house in Austin TX in November 2019 for $273k. We had planned on eventually buying a different home for us to move into, and to lease out our current one. Due to how quickly prices were going up, we decided to act fast and are now under contract for a new build outside of Austin. It is $320k and is expected to be complete in February. Here’s the dilemma: Our neighbors just sold their home for $485k, and they have the same floor plan as us. We are near the new Tesla that is being built, so we are expecting that values will continue to increase, although of course there’s no way to know for sure. Because of how much they got for it, we are considering just selling it to keep that profit (we owe $265k on it). Our mortgage is $1680/month (but will likely go up a lot from property taxes) and the homes in our neighborhood are being leased out for $2,000-$2,400/month. With taking capital gains taxes into consideration,

How much money did your household/you make when you purchased your first home? How old were you and where did you buy that it? ( which market) submitted by /u/Danielcraigboston1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/npghz0/how_much_money_did_your_household_make_when_you/

My fiancé (34m) and I (28f) have been looking for a vacation rental property within our state. The area we decided to look was not within my MLS nor my area of specialty so we decided to refer it to another agent who specializes within the area we were looking in. We discussed a referral fee back in February and she agreed to give me one. Nothing more was brought about it since. Well, my fiancé just put an offer in on a house and is now under contract. I asked to make sure she still remembered the referral fee and she is now refusing to give me one since I was not in communication with her regarding the deal. Now, I’ve never asked for referral fee before so I’m not sure how it works. I always believed that you get a referral fee just for referring? Do you have to be actively working the deal too in order to get a referral? Side notes: I have actively shown my fiancé houses within our area too but we decided on this more “attractive” area because we believe we could get a higher occup

Hi all- 30M looking to buy a house ideally this year or realistically in 2022 based on the competitive market. In the meantime, I want to read books/online sources to self educate on house buying. If you have any recommendations on books or websites, please share! Greatly appreciated. submitted by /u/hertzandmiles [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nphatw/first_time_homebuyer_resources/

In Florida, who is required to sign when two non-married individuals own a property and one of them wants to gift his/her share of the property to a third-party? submitted by /u/ar354 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nph7u0/quit_claim_deed_signers/

Hi everyone. I am in the process of buying a new build. I should be closing end of July or early August, and I’ve been going out to the property every other week or so for the last month and a half to see the progress. This week, drywall was hung up and taped. This morning, texture was applied. Everything looked good to me so far, until yesterday. Yesterday, I noticed that one of the windows looked crooked, and I couldn’t unsee it. Here’s some pictures , as well as two pictures from the builder’s website showing how the window is supposed to look. I brought out a tape measurer and noticed that from the inside, the space between the door and the window on the left side is 8” while on the right side it is 7.5”. This is why the window looks slanted towards the right. I called it out in an email and sent it to the builder’s sales agent and my realtor, and the agent said they would take a look. What are the chances they actually fix it though? Is this even fixable? Is this something I

We have a 10 acre plot of land, that we intend to develop a family estate or ranch. Currently the land is undeveloped, and full of weeds / no fence etc. Location is in California. What is the typical path that one would take towards doing this? We would like to develop concepts for the 10 acres first (landscaping, driveway, etc). Due to current high construction costs, we anticipate that we will focus on landscaping first, where our family members can plant trees, setup irrigation etc first, while leaving space for the house later on. We vaguely understand that we need to hire an architect/home builder for the house. What is the profession who can help with landscaping and overall design? submitted by /u/d_oceansunfish [link] [comments] source https://www.reddit.com/r/RealEstate/comments/noyyb5/how_to_develop_open_plot_of_land/

If anyone is looking for a bird dog for distressed properties look no further I can be of use, message me or comment if you are interested. I am a motivated entrepreneur who is willing to learn and grow from dealing with real estate. submitted by /u/ganghas [link] [comments] source https://www.reddit.com/r/RealEstate/comments/noychc/bird_dog/

If anyone is looking for a bird dog for distressed properties look no further I can be of use, message me or comment if you are interested. I am a motivated entrepreneur who is willing to learn and grow from dealing with real estate. submitted by /u/ganghas [link] [comments] source https://www.reddit.com/r/RealEstate/comments/noyb9e/bird_dog/

I had a sudden job opportunity in my old town and I'm interested in buying a house. I have enough for my down payment in my savings account, but two weeks ago, I had used one of those Balance Transfer checks and deposited a large sum of money to consolidate my wife's credit cards. She is disabled from an incident 9 years ago and has carried her own debt so I've been chipping away at it. Even though I'm taking on her debt, my DTI will still be good and I have the down payment in my savings account. But I'm assuming cashing a large balance transfer check will reflect negatively on my loan based on some of the horror stories I've read here. I had intended to get a mortgage without her as co-borrower since she doesn't work and has her old debts. My question is whether or not I will need to explain a large deposit and payout to other credit cards if none of that money will be used in for the deposit and closing costs? I had read someone mention the LO being ab

I live in Houston with my family (wife and 3 kids) and we are looking to buy a house but in our low price range..... they get gobbled up instantly. I just found out about auctions on houses that ow previous delinquent taxes and want your advice. I first found a lot of properties on hctax.net , then found only some of those are auctioned each month and the auction list is on https://www.dailycourtreview.com . Every house I'm interested in bidding on I've looked up on zillow, har.com and google maps as well as checked out in person from the street and looked up any public records and liens on cclerk.hctx.net . I'm trying to do my due diligence here but am entirely new to this world and don't want to miss anything. So my questions are 1. Why are there a lot of properties on hctax.net that list a min bid but don't show up on the dailycourtreview website for upcoming auctions? 2. How do I check if there is anything else on the property I need to pay off if I buy i

I came across an unique property which has 12 units and the land is unrestricted, and my realtor said I can go either loan type (residential or commercial); depend on your lenders discretion. Has anyone heard of this before? I'm looking to owner-occupy the property while renting so that should allow me to do a 80% LTV. I'd like to avoid commercial if I can because I'd like to keep the monthly payments low longer. This will also be considered my primary residence since I don't own any other property. Also could you buy this as residential property and rent it the units after a year? If I told the lender all the properties will be occupied by me and my family but after a year decide to start renting, is that legitimate? I have a low DTI ratio so I can manage to pay the monthly payments and save on top of it until we can rent. submitted by /u/SpaceBallzZzZz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/noxm7m/can_i_buy_a_12plex_using_

I'm 160 lbs, 6'1", I'm also a sports trainer and my weight fluctuates like 10 pounds in either direction, about a 31 waist, pants fuck me the most. I know this shit is stupid sounding lmao but I'm a new agent and I look like crap. Anyone mind giving tips, coupons, etc? I'll take them. Also need ties submitted by /u/Hardworker1994 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nox25m/solid_mens_clothes_recommendation/

Currently have a 30 year 2% loan, so re-fi is out of the question. Also, no pmi. Location: northern California. TIA for any info. submitted by /u/chikadino1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/noww16/bought_a_new_house_a_littlenover_a_year_ago_and/

Tldr; We signed a one year lease 8 days ago. Just found out today there was a grizzly murder/suicide that took place about two weeks before that. What are my options? First, let me say what an awfully sad event and I am so sorry to the families involved, and have a lot of empathy for the landlord who now needs to deal with this stigma. We have furiously been trying to find a rental property for about three months. In my market, as with many others, supply is limited, demand is high, and competition is prevalent. If you are not the first to apply and then quickly be ready to sign after your application has passed, you stand no chance. Needless to say, we were moving fast. A new listing appeared and I quickly called the contact, completed the application process that night and was ready to sign the next day. This was after several close, yet failed experiences with other properties, so we were relieved to be the first to contact and wanted to move extremely quickly to avoid losing ye

I talked to one of my friends in NC and he said last month houses in his realty company were like 20-30. Now it’s like 5-10? Is this true for you guys? submitted by /u/rmjbodybuilding [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nowec0/real_estate_agents_are_you_guys_seeing_a_market/

Hi guys, buying a house and a couple foundation issues surfaced in the inspection, do you guys know if they are fixable? Especially the horizontal cracking. https://imgur.com/a/A9HJGmo Thanks in advance submitted by /u/zjh828266 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/now1hq/house_with_foundation_issues/

I am a single female in my thirties. Bucks County PA market. I have been looking for a SFH for a while now in the 375-425k price range. What I have seen is mostly older homes from the 60s, less than 1500sqft max, and generally nothing to get excited about. I also notice these homes tend to sell for a good 10-15% over list. Going up a bit higher in price, in the 470-500k price range, homes tend to sell for list price, and are a huge step up in quality, size, and are also more modern. I found a nice house built in 1991 for 470k. It is a 4bed house, in a good neighborhood on a good street in a good school district. It is well within my budget. I was thinking, why spend (and overbid) on an unexciting 2-3bed house in the 375-425k price, when I can spend a bit more (470k) and get something really nice? But now I feel silly to buy a house as a single woman. I don't plan on starting a family anytime soon, and I figure the cost of maintaining the house will be high. What will I do wit

Was thinking of buying a house, it is apparently owned by a corporate relocation company named SIRVA. ​ https://www.sirva.com/ ​ My agent said this is somewhat common, she says nothing to worry about. Anybody familiar with this company, or buying a house from a relocation company in general? Things to consider? submitted by /u/raji4858 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/noufkr/buying_a_house_from_a_corporate_relocation/

I got my offer accepted recently. But while finishing up my loan approval we got our went to our insurance agent for home insurance quotes. He said a claim from 2018 is still open. However, the current owners have been living there since early fall 2019. What are my options, I’m being advice to look for other agents, however the closing dat is coming soon next week. Thanks in advanced submitted by /u/Xpertbot [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nots0f/how_to_handle_a_buying_a_home_with_an_apparent/

A house my spouse and I fell in love with hit the market Thursday; we submitted an offer that day. The listing agent asked that we date our offer to last until 10pm Friday as the seller did not want to string out the decision making process. Listing agent confirmed that she received our offer and had presented it to the seller. Seller wanted to sleep on it (there were multiple offers) so listing agent said she'd reach out Friday. That was the last we've heard from her. Our realtor has tried calling and texting multiple times but no response. She originally thought the listing agent was being unprofessional but began wondering if a personal emergency popped up. Our agent even called the listing agents broker just to see if she was ok; broker hasn't heard from her either and agreed it seemed very strange. He told my agent he'd get back to her if he heard anything. Haven't gotten a call so I assume he hasn't. So, what happens now? The listing is still active. I

Hello, r/realestate ! Long time lurker on this sub and needing some advice. TLDR at the bottom. My husband received a job offer in Dayton, Ohio (about an hour and a half from where we live in Indiana) last week and they would like him to start full time in person mid-August. We currently own our home (purchased in 2017) in Indiana. We have a realtor here in Indiana and have the goal of putting our home on the market June 12th after we do some minor repairs and cleaning. We were first time homebuyers in 2017, so the process of selling and buying at the same time in this market is overwhelming since we know nothing about selling a house. We are not able to afford a downpayment on a new home without the cash from our current one selling. We were feeling ok initially thinking that we would sell our house quickly in mid-June, find something new in Ohio by the end of June and be moving in by late July/early August. But after reading on this sub that some people are looking for months a

I'm not sure if this is the right place to be asking this hypothetically question, but I have not found any solid answers from searching the web. Again hypothetical... Let's say I have 28million dollars liquid at the time. I want to purchase some property with acreage and a house (first time buyer). The property cost 1.5million. My QUESTION is would paying in cash be the best thing to do? (I would live off the rest of the money until I was no more) Any feedback would be great, I apologise if this isn't the right place. submitted by /u/loudkronic [link] [comments] source https://www.reddit.com/r/RealEstate/comments/norbd6/pay_cash_for_a_house/

Question... I have family friends who I referred to a local agent and now they are asking if I’ll sell their home for them instead of that agent (they’ve simply changed their mind, the agent didn’t do anything wrong). I’m not planning on cancelling the referral agreement I made with that agent because I prefer not to represent these friends anyways... but I’m wondering how I would go about cancelling, or if (and this would be unethical, obviously) I listed their home without even cancelling. Could that agent come for my commission. submitted by /u/elsiebright [link] [comments] source https://www.reddit.com/r/RealEstate/comments/norcpf/referral_cancellation/

Seems fairly common for SFHs in the area to have a monthly HOA which cost is primarily driven by the cost to maintain a "clubhouse". Small pools, gyms, and rec centers, etc. While HOAs are typically not ideal, I'm not opposed to a few hundred dollars to support an association without a clubhouse. The idea of a clubhouse that I likely wouldn't use and likely increase in cost annually is something that typically deters me from looking at homes in that subdivision. Interested to hear experiences of those who've lived in this type of community. submitted by /u/khawk86 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nopun1/are_hoa_clubhouses_noncondotownhome_communities/

We are selling our home this week. Our Real Estate Agent has given us two strategies for selling. She has mentioned that the market is starting to cool down, meaning she isn't seeing 10-20 offers on homes anymore and instead is seeing 3-5 offers on homes. We live in semi-rural Utah and have a 3 bed 2.5 bath, 3000 sq. foot home on a 1/4 acre. Initially, she said we can probably list at $519,000, but she also presented another strategy: List at $500,000 so the house stands out as a "deal". She said if we do that, it's possible we could only get $500,000 out of it, but lots of people feel like they have to offer $20k more in order to get the house. ​ I can see the benefit of both strategies, but I really don't want to sell for less than about $520k. What are your thoughts on these two strategies? submitted by /u/mjacobson7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/noooll/selling_strategies/

Seems this would be a perfect scenario. Own an existing home. Contract for a new build when prices were still somewhat normal. New build just about ready now. Get to list current home in this much higher market. In short, contracted low and selling high. submitted by /u/FiscallyMindedHobo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nop4on/anybody_out_there_contract_for_new_construction/

I've been bouncing around single rooms because, by nothing but bad luck, each place I move into gets renovated before a lease renewal. I paid the entire lease up front due to no credit with a Brokerage Group that has a lot of stuff in the city. Possibly a backdoor eviction on this one, but nevertheless I need a new room and most places lease from Sept 1st for one year. What do people usually do in this situation? submitted by /u/Royal_Clog [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nooznz/if_my_lease_ends_aug_28th_how_do_i_move_in_when/

Hello everyone, So some quick numbers. Credit card was 1500.00 balance when credit was pulled for pre approval 3 weeks ago. Put an offer on a home and now I am in underwriting with a closing date of June 30th. Since that pull I put 500.00 on that card for home inspection and 1200.00 for car insurance policy that is a package deal for my new home insurance. As well as a 2500.00 payment for the airbnb we are currently staying in as we searched for a new home. So now my credit card is a little over 5k. I will be receiving a pension payout check around 15k this upcoming week. Would it be ok to pay a big lump sum to bring that credit card back down under 2k? I gave my mortgage lender a heads up on the airbnb charge. He said its not big deal and he doesn't plan to pull my credit again. He will just use the same one from 3 weeks ago. Just the usual don't open a new card or loan account. I guess to simplify my question ..Is it ok to make a big payment to knock down your cred

Hello, I’m new to the world of Real Estate and I am trying to learn a bit more about it. One facet I am stumped on is regarding Appraisal Management Companies. What are they? What do they do? How do they work? submitted by /u/Adventurous_Driver [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no5mqw/appraisal_management_companies/

Due to a miscommunication, my landlord has found a new tenant and wanted me to move out. I told him that I wanted to stay longer due to the fact that I haven’t found somewhere else to move yet. He insisted that he wants me to move out. (We don’t have a legal lease document) Then a week before, my dog chewed on the corner of a door frame, which could probably fixed by a handyman using some filler. He insisted that he wants to get the whole door frame replaced and the labor and material will run around $500. I think this is a bit overpriced and he agrees. But he still insisted that I pay this price because the labor and lumber has gone up. What should I do? submitted by /u/Bguan96 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no4g7n/landlord_wants_me_out_due_to_miscommunication_and/

I’ll start by saying that I’m a very non-confrontational person. My (20M) husband and I (20F) are in the process of buying our first house. However, he’s stationed in another country and we’re moving 8 hours away from where I live, so we’re relying on our realtor quite a bit when it comes to seeing houses. We kind of jumped the gun and put in an offer on a house that we aren’t too crazy about. We got scared because the market is crazy right now, so we settled. However, the more we look at the house, the more we HATE it. We want to tell the realtor that we want to rescind the offer, but I’m really nervous about it. I feel like I have made him run around a lot, and I don’t want to make it worse. My husband says that it isn’t a big deal and that we haven’t run him ragged because he’s only viewed 3 houses for us, but I’m still really nervous about telling him we want to rescind the offer. Can someone help me figure out what to say to him? submitted by /u/woah-where-am-i [link] [

Been looking for about 6 months for a single in the 350-450k price range in the Newtown/Yardley/Holland/Washington Crossing area. Everything I have seen in that range is built in the 50s or 60s, is rather small, and frankly seems expensive for what you get. I know the reason is because these areas are easily commutable to philly/princeton/nyc. I was thinking of expanding my search to the pipersville area, in the CB East school district. The houses I am seeing in the ~450k-475k price range are much more modern (built in the early 90s), spacious, and generally seem really nice. I am not too familiar with this area, and my agent, who is great, she is not that familiar either with pipersville. Is this a good neighborhood from an investment perspective? The CB East school district is great, but I am worried in an economic housing downturn that the homes in pipersville will lost value much greater than newtown/yardley area, because pipersville is kind of in the middle of nowhere. I per

Me: First time homebuyer 35 y/o, Female, single, no kids. Not really planning on getting married anytime soon. Credit score near 800. Income: $125k/year, stable job. Monthly gross income before taxes and deductions is approx $10.5k/month. After taxes and retirement contribution (maxing out my 401k), my take home is about $5600/month. Current Savings: $165k in cash savings account, $220k in retirement accounts Debt: 120k student loans, which are projected to be entirely forgiven in 2025 under public service loan forgiveness. Monthly payment is $650 until they are forgiven. Car: $600/mo, paid off in 2 years. No other debts. ​ House is listed for 470k. Don't plan on offering above asking. Monthly PITI is approx $2300. ​ I seem to be in the clear of the 28/36 rule for DTI, but am worried I'll be cash poor. I was planning on putting 20% down, and working hard for a couple years to pick up overtime and keep the spending to a minimum to get the mortgage balance down. ​ J

So- I was offered a fair buyout price from Zillow today (directly from me to them) and was scrolling through the contract document and accidentally formalized the document. My wife hadn’t really given me permission to sign for her and I hadn’t intended to; I didn’t know how the document worked. It hasn’t even been 12 hours and I emailed the Zillow rep, the broker, and am awaiting a reply. Should I be worried that they won’t allow me to rescind? I may still want to sign, I just didn’t intend to when I did. Please advise! submitted by /u/here2be2see2thee [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no3j81/accidental_contract_signing_desire_to_immediately/

Hello Reddit, So I’m in a bit of an odd situation and could use some, advice I suppose. To be honest, I don’t even know if this is an appropriate subreddit, if not feel free to redirect me. Location: Washington Names changed for privacy. Long story shortish, I’ve rented the same house for about 24 years; rent has been super cheap so I’ve never bothered to buy. The owner of the property (Owner) owns my property as well as that of several other properties including that of some nearby apartments. The apartment complex manager (Beth) also manages my rent and has been a great person all these years. A few months ago, Owner passed away and left his properties to his kids (Children). The Children, to the best of my understanding, do not wish to bother with property management and have decided to liquidate most or all the properties. It seems that they reasoned to let a lawyer (Attorney) handle all the details with the selling of their properties. Of course I’m scared about this, but

Is selling your house now in a booming market and then renting until prices stabilize a good idea? submitted by /u/voltaire2019 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no3w97/sell_and_then_rent/

I’m pressing to buy a home now because I want to get one before prices go up. But how I’m thinking that it’ll be best to wait until market cools down if it even will because these prices are ridiculous. What do you guys think? submitted by /u/rmjbodybuilding [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no3ptg/should_i_wait_til_the_market_cools_down_will_it/

In this market, can I just post to a Facebook real estate group that my house available and see if any sellers agents want to work with me directly? I have comps and know what I want to get for the house, and realtors are expensive. submitted by /u/AffectionatePause152 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no3gbx/do_i_need_a_realtor_to_sell_my_house/

I am approved for a home loan for 135K the house is being appraised at 99k. What would be the best option to renovate the house? Is there a way to use the rest of my “up to loan amount” or will I have to wait and go the route of doing a streamline long term loan? This home is going USDA. Thank you I am new to this. (: submitted by /u/AuntiPop [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no2uuv/renovation_question/

The home owner is a real estate agent (has not been practicing for 15+ years) and has given me the privilege of viewing their home before they list it on the market. What’s more is that they are willing to give me “first dibs” on the home given that my bid is within their range. They’ve expressed to me they want to avoid realtors. From conversations I’ve had long ago, real estate lawyers could be a good option in this situation. Is there a financial gain (or any other) to proceed with a financial lawyer versus a real estate agent? Thanks for reading my short book! I appreciate any feedback. submitted by /u/Ayabeep [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no2evd/buying_direct_from_home_owner_is_a_realtor/

My inspector said 3-4 wooden (vertical) posts under the floors in the crawlspace needs replacement, while 1 would need to be “straightened” since its too titled. See report below. Is this something that I need to be extremely concerned about? “Several posts near the chimney have been wet and have deteriorated to the point that they need to be replaced. Another post next to these is slightly off the concrete pier and can be repaired with an angle iron. Last post shows extreme leaning. This post should be reset underneath beam to avoid floor from squeaking or drooping.” submitted by /u/asmallhill [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no2bxd/inspection_results_wooden_posts_in_crawlspace/

NY moving down south to North Carolina. My dad and mom bought a retirement house in NC. They agreed on a set price and my mom and dads name are on the deed. My dad died last week, the house was supposed to close last Wednesday. We are recieving money from inheritance and trying to explain we still want the house. Weve sent proof of funds to them. I think the seller is trying to back out and relist?? The realtor is trying to force my mom to sign papers all of the sudden, which i told her not to. (Release Form) If her name is on the deed, how long is our offer legally binded? The closing was last wendesday? Surely we have another week until the money is released? We are paying cash.They are making it seem like we have to pay tommorow and it seems very pressuring. Weve sent documents proving we are recieving funds. Anyone got any advice/legal tips here? We are going through our own real estate lawyer now. submitted by /u/thestruggleisnotfake [link] [comments] source https

I myself offered a significant gap (30k on a 300k house) but I am wondering if I should just waive it altogether. submitted by /u/The-world-is-done [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no1k70/waive_appraisal_contingency_altogether_or_offer_a/

There are a few hundred acres of undeveloped land that sit between two newly developed high-income neighborhoods. I have found a 60 acres parcel that is currently valued at $12k/acre which is very reasonable for the area. However, I am no where close to having enough money to buy all or really any of this land currently. But I see such a great opportunity for a potential subdivision on this land. I wish I could just buy the land, keep an acre for myself and partner with or even sell off to a developer. It's only a matter of time until the suburban sprawl hits this area and I would hate to miss this. How do you get funding for a project like this? Are there even real estate models like this (where owner holds a piece of land for themselves and sells off the rest immediately to a developer)? submitted by /u/Irish-Hokie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no19uq/how_do_you_buy_undeveloped_land_with_great/

Have you heard of horror stories of homeowners accidentally leaving the crawlspace open? Rats? Pests? Homeless moves in? lol submitted by /u/seattlalite [link] [comments] source https://www.reddit.com/r/RealEstate/comments/no07f5/what_are_some_horror_stories_in_which_the_houses/

Hi there.. I’m not sure if this is the right place to ask, so if there is another forum could you please recommend it for me. I have been out of work for a little over a year now as I was discriminated against being pregnant and had my son who is now 10 months old. I wasn’t actually looking for a job, browsing really. I came across a full real estate traineeship job opening in my area that states it’s for all ages and I thought I would apply as it is full time, training provided and being a full time position would give me opportunities like buying a house in future etc I have a decent resume, I sent it but I didn’t have access to my cover letter so I couldn’t send that. I know they read my resume as it notifies you and heard nothing back from them. Two weeks later I noticed they put another advertisement out on Facebook so I thought I would update my application and send the cover letter. I then applied for two other real estate traineeships. I also enrolled into studying real estat

Am buyer, purchasing home and am under contract. Sellers disclosure did not disclose foundation issues. Inspection uncovered foundation issues and signs of cover up on exterior brick and filled cracks in the walls. They are the original owners. I waved my earnest in the bid under the assumption any inspection repairs were to be on things other than major repairs like foundation issues that were supposed to be disclosed. When I get a quote for the fix, I think even as a buyer I have pretty strong leverage. I'm hoping to get them to fix and go back down to ask on the house since I now have to disclose repairs in the future. Plus they HAVE to disclose it now that I funded their structural inspection. My current house is under contract and I may end up in an apartment if this falls through. I am extremely sad to see my house go and this one fall through and also lose a significant amount of money out of what I think was a false contract. Intent to deceive is hard to prove, not looki

Market might be worse than we thought... We randomly looked at some of the homes we offered on 1-2 months ago to see what they ended up selling for. We went over listing price on every offer and started waiving appraisal and inspection. We looked up the sold prices on Zillow today and every single one was like 25-50k more than what we offered! Here I thought we were being competitive....lmao nope! Thank god we found a condo. submitted by /u/Historical_Night_770 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nnza9s/15_months_later_review_of_sold_pricesyikes/

So I'm looking at this property that needs A LOT of work. Seller wants MID 800k for 3bed 2 bath 1000sqft. The property has a termite problem in one of its bedroom, possibly other bedrooms (covered w/ carpet so can't tell yet). Needs a new roof (original roof), new gutter, outdated cabinets and kitchen. Needs completely new baths & all floors. Need new drywall. Need all new windows. Definitely need landscaping and electrical work. The only things good about this property are the location (good community) and good sized lot (backyard). Comps showing similar properties sold for 950-970k (very nicely done and everything is rehabbed). I'm thinking if I can put in a cash offer in for around 750k w/ 60-65k rehab and commission and other fees. I'll still make a good profit. ​ What you guys think? submitted by /u/johnvanvo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nnzof1/crazy_market/

Hello. I’m self employed and I currently qualify for a bank statement loan. My lender said my interest rate would be 5.5% which is really high. Is this normal? For the ones buying a home through a bank statement loan what is your interest rate? submitted by /u/_rigo713 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nnzfzj/interest_rates_on_a_bank_statement_loan/

So my grandmother recently died and my mom/aunt/uncle inherited 1/3 of the house each. Me and my mom had been living in the house to care for my grandmother and we decided to pool our funds and buy out my aunt and uncle. What we want is for the any future sales/ect to require both of our names AND if one of us should die the other automatically owns the whole property without probate or other concerns. The top of the contract written up by my uncle (most likely with a template of some sort) it states PARTIES: ___Uncle. Mother, and Aunt_____("Seller"), 2* and __ Mother and Myself Right of Survivorship _______ ("Buyer"), I'm looking things up and for both to need to sign to sell/ect is ' AND ' while actually getting the right of survivorship would be ' OR ' (but that alone would let either sell the property without both agreeing) for getting both it would be ' AND/OR ' right? So would I need him to adjust the contract or does what

Bought my first house in 1991. Old Victorian in a college town that had been divided into apartments. I lived in one apartment and rented out the rest. Not long after, I obtained my real estate license and worked as an agent, and then a broker, for the next ten years. When I bought my first house, it was common to pick up The Real Estate Book (yes, that's what it's called). Week after week the same houses would appear for sale, which wasn't unusual since typically real estate agents would ask seller's to sign listing contracts that lasted 180 days. As an agent, I would drive buyer's around and show them houses for sale. Sometimes for days. When they finally decided to make an offer, it was usually considerably below list price and they weren't competing with other buyer's. Which brings me to why I unsubscribed from r/REBubble . There was nothing unusual about the real estate market in the 1990's, and there's nothing unusual about the real estate

We have a house in Rovinj, Croatia. Well built, good location and all the paperwork has been taken care of. Does anyone have suggestions for getting the most exposure for it to try to sell as fast as possible? Would making our own website to advertise it, using social media websites, or paying for advertisements in particular places do a lot of good? Maybe websites which are worth getting on? Any help would be greatly appreciated. submitted by /u/oliverjacktaylor [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nnju29/what_is_the_best_way_to_approach_selling_a_house/

I typed up my listing description because the two sentences my agent strung together aren’t going to cut it. I was aware edits would be possible. Agent responds back with “great, but due to fair housing regulations we have to make some changes”. Okay, I can live with having to take out “step inside” and “short walk to” and even “master bedroom”. Eye roll worthy but whatever. What I take issue with is his objection to walk-in closet. What the fuck else are you going to call it? Closets are either reach-in or step/walk-in. And when it comes to a master bedroom, a walk-in closet is desired over reach-in. When pressed on this issue agent acts like this could result in a fine. I have a hard time believing that. If there was an accepted substitute for the term walk-in closet, then okay. As far as I know there isn’t. So what are you supposed to call it? submitted by /u/Wild-Heron [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nnhd7v/is_my_agent_for_real_can

I live in a high wildfire area of California. I hear horror stories of insurance companies cancelling homeowners insurance due to wildfire risks and people having to use the California FAIR plan and how expensive it is... So we are FTHB, only rented, never owned - how do I estimate how much homeowners insurance is going to cost me? I’ve attempted to get some quotes on random properties but no one ever gets back to me. Anyone live in a high wildfire area and can give me a ballpark figure? Looking at using a USDA 502 Direct Loan... pre-qualified for $415k but waiting on COE. submitted by /u/jennylala707 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nngqu1/high_wildfire_area_california_homeowners/

Do i buy it? 10k property. 20% down, what do you think. I can easily afford the mortgage.. submitted by /u/002299 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nnh7si/300mo_difference_in_what_i_would_owe_and_the_rent/

Today I was applying for homeowners insurance at my lenders request. They told me they needed it no less than 10 days out from settlement and I'm about 19 days away. While applying, I noticed that it asked me if the home has had any claims in the last 5 years or so and insurance could be denied if I answer inaccurately. Ultimately, the insurer accepted me and provided a quote to my lender. (Went with Lemonade, a newer company). Now obviously this home isn't mine yet, so I don't know. It's also changed ownership two times in the last few years so who knows what the sellers know (they didn't disclose anything like this). My question is, and this might be stupid, but will my insurance provider verify the house is good to go before closing? I don't want them to decide in two months that they located a prior claim and I'm stuck with a $200k+ dwelling that can't be insured. submitted by /u/JonWilso [link] [comments] source https://www.reddit.co

Hi! I'm 16, turning 17 in about a month. I want to learn about real estate, but I just don't have much knowledge on it and might be too young. Is there a way I can start investing as a teen, and if not, how can I learn more about real estate, so that I can start investing when I'm older? submitted by /u/WowItzGabe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/nngeim/im_a_teen_and_wants_to_start_investing_in_real/