Brief introduction; we moved to Johnsonburg, PA earlier this year. The house next door to us just recently went on the market. I am interested in purchasing the house but have some questions. ​ So the house we bought, the previous owners converted the garage into a two-story two bedroom apartment building among some other structures. We have no yard. The neighbor, 'Bob', moved his mother into an assisted living facility about 4 months ago. This would be a chance to give our kids a yard. I have been talking with Bob about the house 2-3 times a month since then. He initially said he would be trying to sell it for 35k. (remember this number, it's important). ​ I've done as much research as I can online and every place I check states the market value of this house is about 15k. I don't know exactly what year it was built but after many conversations with BoB, nothing has been updated in the house since the 90s and most of the flooring, walls, etc look to be from th...

My wife and I are finally beginning the processes of buying our first home. However, home prices are crazy high right now compared to just earlier this year. The house we really like has increased from $298,500 in February 2021 to $355,000 now. I see people saying to wait and I see people saying to buy. Not totally sure what to do. Thanks! submitted by /u/Zestyclose_Ant6302 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjw4ex/first_time_home_buyer_is_now_a_good_time/

i do not know a lot of the proper terminology when it comes to real estate, so please bear with me. my husband and I have been looking for a home in the Los Angeles area for the past 3 months. we have a realtor we've been working with, she's put in offers for us and we finally got an offer accepted. unfortunately, we may have to back out because, after the inspection, it seems like it needs too much work for the price. our agent has been great through this long process. now, here's my issue. there's a house that is going to be sold on the block we currently live in. my father in law has known the family for years and they are offering to give us first dibs on the home before putting it on the market. the market is suuuper competitive right now so I would like to take advantage of this. we met with the listing agent and I let him know we have an agent already and he basically said that he is giving the seller a special commission price to be both the buyers and sellers...

Hi there. My husband and I are looking to build a new house. We want to purchase a lot that is on some acreage, so not in a development. How do we make sure the lot we purchase is buildable? How do we know that we can get utilities, etc. There? submitted by /u/juliolovesme [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjvkxl/how_do_you_determine_if_land_is_buildable/

Hello everyone! My better half is in contract for a condo at 25% down near the top of her price range and near the top of the market’s prices. She was anticipating to have an appraisal done by the lender, and has an appraisal contingency in place. Right after going into contract the lender states that they aren’t doing an appraisal because “she’s putting down 25%”. The lender said their “system” doesn’t require an appraisal. She has a few concerns 1) she wants to make sure the condo is worth what she’s paying 2) she feels like she’s loosing a contingency because she’s putting down 25% instead of 5. Thoughts? Is this normal? Options? submitted by /u/MarineGrade8 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjw0e1/unsolicited_waived_appraisal/

Recently spoke to my parents who brought up the idea of helping me with a down payment for a house and renting it out. Extremely generous of them, but I don’t know a single thing about buying a house or what it’s like to rent to people. I would rent out rooms to people (ideally people I know) while also being a tenant myself. I guess I’m looking for a guide to the whole process? If there is one, or just looking for advice in general. I literally know nothing about all of this I’m 24 living in the Midwest if that helps submitted by /u/opper-hombre1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjv7bk/first_time_house_buying_and_renting_out/

submitted by /u/Lokanatham [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjv62i/in_what_ways_is_the_current_craziness_of_home/

I’m having anxiety, I doubt there’s much I can do at this point. I went to the new house site today and We are first time home buyers and close in 18 days, loan is locked in at 3.5% 15K down already in earnest money already. We live in Mn. We did a conventional loan, no special financing or anything. So without taking a financial loss, I think we are stuck and have to stay. I hate it, it feels small for being a 4 bed, 1 full, 2 baths with just showers (2300 sq ft), and like we paid way too much (465K) it feels cheap and poorly built, I have disliked the builders through the process and maybe that’s why I am feeling this way. I’m scared we paid too much and that we are going to go completely underwater because the housing market and inflation. The yard will be unfinished through winter, so I feel like it’s just going to be an ugly mud pit. Can someone talk me from the ledge here? Is it normal to have this kind of anxiety? Does it turn out to be okay once you move in? What if I still ...

submitted by /u/Lokanatham [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjsynv/renting_makes_sense_when_1_cant_afford_minimum/

How was your experience overall? Is it worth it? submitted by /u/igneosity [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qju7y0/has_anyone_gotten_the_schwab_rocket_mortgage/

So I'm very, VERY much just trying to get some basic information and start feeling out he home-buying process. No line of credit yet, no prospects, just questions and learning. One thing I know is that homes with a recent death associated tend to be sold cheaper, especially if the death was gruesome and/or well known in the community. Usually nothing about the actual house was made worse off, people just avoid it cuz they think it's creepy. What are some other intangibles about a home that will scare off buyers or lower the price without actually lowering the real value or quality of the property? Thanks for reading and any insights. submitted by /u/GottaPSoBad [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjshrm/what_are_the_top_intangibles_that_reduce_price/

Summary : My gorgeous new condo unit is built, had final inspection, I'm approved for a VA loan, but the VA has not issued a condo association approval and so we can't close--do I have any recourse? I have a contract to build and purchase a new home, a firm settlement date on Oct 7th, and the builder/lender (the mortgage company are sister firms in the same corp.) has $30k in my original earnest money and $51k proceeds from my house sale. That's the problem: I sold my old home Oct. 1st planning to move in on the 8th. The mortgage lender came back and admitted they had forgotten to file paperwork for the condo association approval until 4 days before settlement, and then compounding this the VA is super behind now (COVID supposedly) and what should have been a 3-10 day wait is stretching out now to 30 days. I don't know what to do. All my home goods are in storage, I'm shuttling from hotel room to AirBnB to hotel room, and my life is pretty much on hold. The buil...

With my local market being quite good, we were considering doing an FSBO. Do you have any advice on how to handle this, and how to handle buyers with an agent? submitted by /u/plztalktomeimlonely [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjrwk3/fsbo_in_il/

So after months of searching we found a house and went under contract. First thing is we got a home inspection. Nothing major was found, except the stove wouldn’t light and the fridge was not the best. Also evidence of mice was found behind the stove. There were a bunch of minor things in the report too, most things I can take care of myself. Although I may need a plumber for the shower, nothing comes out when turning to hot. So my lawyer submits a request for an $8000 credit, I know this is high and was hoping for a counteroffer around $4000 or $5000. Instead we received an insulting email from the sellers lawyer that we are crazy and there is nothing wrong with the stove or plumbing in the shower. They offered $500 in credit. I should note the seller has already moved out of state and has been trying to sell since June. My realtor who is awesome went back to the house and took a video of the stove not working to prove to these people that it didn’t work. So now they hired a handyman...

What is the conventional wisdom on the resale value of townhomes? We have been considering buying a town home with the intent to move out of state in the next 2-3 years. We wouldn’t mind renting it out, but many town home hoa’s won’t allow units to be rented. We have also heard that townhomes can be more difficult rock or bust resale because everyone’s looking for single family homes. What do you think? submitted by /u/groversnoopyfozzie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjqdm4/resale_value_on_town_homes/

Our banker has had terrible communication, but we’re getting a lot of lender credits so we didn’t want to switch. When I spoke to her last we were told all of our documents are in, just waiting on the appraisal report. Our real estate agent has been emailing her for over a week asking for it, and she just emailed him back saying if there are stains on the floor, the loan my fall through. He replied back “Shouldn’t we have known that 6 weeks prior at least?” With no response back. If we’re already approved from underwriting and the inspection came back weeks ago, would this actually be an issue? Is our loan consultant someone that makes those decisions? Lender is BECU submitted by /u/Sleepy-Blonde [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjr61c/approved_from_underwriting_just_waiting_for_the/

Realtors, what is the conventional wisdom on open houses? Real buyers never go to open houses? Open houses are just for un-pre-approved tire kickers (and local busy bodies) who are not yet serious about closing on a hooom? Who goes to open houses? submitted by /u/TriggBaghodlerRltr [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjpyo4/real_buyers_never_go_to_open_houses/

What are some examples of an off putting listing agent? Asking too many questions as your tour the house. Hard sell. Asking too many questions about your own RE situation. Fishing for new clients. Following you around at an open house. Won't stop talking. Weird new realtor vibe, as if this their new career of the month. Not having a professional demeanor. Clearly doesn't know the area or is from somewhere else. This kind of stuff can be very off putting, and tarnish the perception of the house itself. Also, as much as I can't stand overpaid realtor middlemen in HCOL, when a house is listed under some low cost off-brand agency, it makes me think the sellers are cheap. Cheap with repairs. No go zone for me. submitted by /u/TriggBaghodlerRltr [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjpk9g/have_you_ever_passed_on_a_house_because_of_the/

submitted by /u/atlwellwell [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjmwud/how_to_find_housing_near_a_target_store/

My husband and I don't have enough money for a down payment, but according to comps (we live in a condo, the comps are other condos in our building and/or association), we can sell for around ~100k more than what we paid for our place. Is it possible to put our home up for sale, have a buyer offer, then put in a Home of Choice contingency and use the impending money from the sale as a downpayment or proof of funds for our next home? I live on the east coast of the US. submitted by /u/Ravenclues [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjmch4/home_of_choice_contingency_a_downpayment/

There is thick layer of ice accumulated around A/C uit. Any insight why is this happening? https://imgur.com/gallery/2kUe28s https://imgur.com/gallery/2kUe28s https://imgur.com/gallery/8EtwTHl submitted by /u/yeo-bin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjlm94/ice_accumulated_around_ac_unit/

Hi everyone. Me and the Mrs have been looking to upgrade to a bigger place, so I’d like to hear you thoughts. This is in Eastern Europe, keep that in mind when you hear the numbers, but I’ll put all values in USD. Cost of new place: 390K USD. New built. Mortgage rate: 4.4% APR, fixed for 10 years. Then resets for another 10years (total 20) Mortgage payment: just under 1500/month Tax: no RE tax in this district, but there are closing and insurance costs. Subsidies: if we play our cards right and chose a suitable place, we could claim a “large family” subsidy of 30K and a “green” loan on 2.2% APR. RE market: capital of the country, only really had 2 corrections in the past 30 years: GFC and a small blip during bc of the pandemic, from which it recovered. I think inflation will stay with us and we could maintain 5-10% yearly price increase for RE. Income: 5.8K NET per month, coming from my FT salary, my wife’s PT and 2 rental flats we own (clear of debt, yielding 3-4%) We are cu...

Looking to buy a home in a very sought after community in CA. Found a listing that was posted and then taken down next day. I reached out to the seller directly and know that they are in process of purchasing a home out of state and took out a second mortgage for the down payment. They are planning to re-list once this second mortgage is complete. We have cash to buy the home. I would like to make an offer on the home while it is off-market. Can I legally offer a "gift" of cash to assist with the purchase of their new home in order to lock in my offer while the home is not on the market? They get cash up front and I get a signed contract with the price of the home minus the difference of the cash I provided. Just looking for outside the box options to entice this seller aside from the usual contingency waiving and rent back. submitted by /u/benitosandrez [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjjsiu/offering_gift_of_cash_to_seller_t...

question for the sub, we accepted and signed a counter offer made by the seller on a house at 11:30am on October 30th. the deadline on the offer was at 12:00pm the same day and reads "this counter offer is binding upon seller and buyer only if a copy of the accepted offer is delivered to the party making the counter offer on or before October 30th at 12:00pm. we signed and had it sent to the selling realtor b y 11:30 via email and docusign, we called and left a message on the selling realtors phone but no answer. there was a showing right after ours today who was making an offer as well. should we be worried that she can accept their offer regardless if both her and us have signed the counter offer she made us? We think realtor is playing games and gonna say she never received it. submitted by /u/Skippybooboo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qjaftl/accepted_the_sellers_counter_offer_30_min_before/

Hello! I live in a super hot housing market and am planning to sell my house that will sell for ~$1.5-1.6. I am wondering what is reasonable to ask for/ expect from a realtor for the 3% listing fee. Staging, cleaning, spending a couple hours helping me weed the yard, or driving by the house every few days once we move out to make sure it’s remaining unoccupied are all things I’m curious if I should ask for. Thoughts? submitted by /u/Suspicious-Kiwi816 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj9fqk/what_should_you_expect_your_real_estate_agent_to/

I am particularly interested in Riverside county, CA. Thank you! submitted by /u/Karatonin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj9csj/could_new_counties_be_considered_high_cost_in/

Wondering if my expectations are unrealistic. I’ve bought and sold two houses, so it’s not my first rodeo. (And I have been underwhelmed by the four different realtors used, though the Redfin agent that sold my home gave me the most bang for my buck.) I’d like a realtor that understands why I don’t want to be put on their MLS email list and how using Redfin/Zillow is FAR more convenient for me. (I know how to send an agent the MLS # of a house I’m interested in.) I would also like someone that can/will give straight answers based on their experience - like if I ask, given I want to buy/close (ideally) in March, should I wait until January to get pre approved and get back an actual month answer, not “it’s good to get approved before you buy”. Or, is this a reasonable asking price for this neighborhood given the needed repairs? And get a dollar ballpark instead of “I would ask for pest clearance” (the specific price turned out to be high, as the house is still on the market, and most h...

My mom's house is on the market for sale and it's up on Redfin, but it's not listed for sale on zillow. I feel like her real estate agent is doing a half ass job and the description on redfin basically says " house for sale", with 3 shitty pictures. Also I think more people use zillow than redfin. Does it cost to list on zillow? I'm so confused her home is easily a 750,000 property. submitted by /u/GoldenYear [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj7v79/house_not_listed_on_zillow/

Hi! I’m super interested in buying some real estate for investment purposes, but am not entirely sure where to start. Do any of you lovely people have suggestions for books/courses/videos that would provide a starting point to help me learn? I’m 24, with a decent downpayment saved up in order to buy vacant land, or a house to rent out. Any help is appreciated. Thank you! submitted by /u/Creative-Zone-5044 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj7rm3/getting_started_with_real_estate_bookcourse/

I am selling my house in Denver, CO. The buyer did a sewer inspection and came back saying there are roots and clay pipe offset. They are telling me it's a huge problem. I looked at the camera and while i can see the clay pipe isn't lined up exactly it doesn't cause any backups and it's only offset by about 1/2 an inch. Is this buyer trying to scare me into reducing the price? submitted by /u/Windsurfer-NZ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj6dee/sewer_inspection_when_selling_should_i_fix_offset/

I have a rectangular vacant lot, around 6k sf, in Pittsburgh. Gently sloping and has one tree in the back. No utilities currently onsite, but will soon have water and sewer taps. There's also a manhole cover at the front edge of the property. There is an easement in progress right now which the city is putting documentation together for. We're looking to get a survey done for new construction and this is what we're looking to get: Boundary survey w/ iron pins in the corners 1 ft contour map Location of all existing features and trees > 6" diameter. The surveyor is quoting us $1900 for these items. On its face, this strikes me as a bit expensive. I don't know if that's true or not, so I'm asking here. Does this sound reasonable for a lot of this size as I've described it? submitted by /u/distancingpattern [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj6znz/is_this_reasonable_for_a_survey_price/

I am about to close on a house and the appraisal came back at about 35% higher than what I am paying. Should I just immediately sell it? I know there will be capital gains, but it’s found money anyway. Are there any compelling reasons not to do this? submitted by /u/TheWholeDamnInternet [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj6dv9/appraisal_came_back_very_high_should_i/

Hey, I am looking for advice on buying or renting a house in Missouri. I will relocate from Germany to St. Louis for three years. Naturally, my first thought was to rent something for such a short period. But looking at the offers a half decent house cost about 2.000-2.500k USD per month. Buying a house that we like seems to be possible for ~300k. It seems to be much better to buy if I look at the relation here. Especially, considering tax advantages like deducting porperty tax and interest from income. What am I missing? Would you buy or rent in my situation? submitted by /u/altr0-tokaido [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj65tg/buying_or_renting_for_three_years/

I find it interesting that appraisals usually come back right on the purchase price. Do appraisers have this information beforehand or is it a conflict of interest? submitted by /u/FickleInvestigator98 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj63yy/do_appraisers_receive_a_copy_of_the_purchase/

Has anyone had their mortgage loan audited by Fannie Mae? If so and they found a discrepancy that they are requiring you to refi again what did you do to fight this? Long story short we refied our home from me to my wife who has the better credit to get a better rate. Right before closing she took out a loan for me to pay off the lease of my car. We didn’t think it would be a big deal but apparently Fannie Mae is saying she didn’t disclose this car loan before closing so she shouldn’t have qualified for the refi loan. Mind you we’ve had this home loan for almost a year and haven’t missed a payment so it’s all so strange to have this dropped on our heads out of nowhere. Was wondering if anyone else has gone through something like this and what did you do/ not do? TIA! submitted by /u/bad_bulk [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj5btr/fannie_mae_audit/

Anyone ever heard of the VA running out of loan money for vets? I’m approved for a VA loan with a great interest rate, but my realtor is saying it’s a huge risk bc the VA may not have enough money, so they under appraise my home I’m selling as a way of cutting back. He recommends using the realty company’s lender - which seems like a ploy to grab my loan. Has anyone ever experienced this? My realtor says his realtor mentor has not had good experience with the VA. Note: my current home is a VA loan Sorta feel gaslighted, but don’t want to come out and accuse my realtor of fabricating. submitted by /u/QuesadillaRob [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj4mm3/va_out_of_money/

It took me two hours to clean up after the trashing, furniture was scratched, there was a snotty tissue on the floor, my closets had been rearranged, weird powder on walls and light switches, towels used and flung wherever (I had to do laundry, ffs, after a house showing), screens yanked out of their place, they did something weird to one shower head, which (I had cleaned everything every morning and tested all the water/drains before I even called an agent). And then my agent didn't want to confront the other agent (whose responsibility to stop this from happening seems to me to be a clear duty, though I do not know how the law reads). She didn't want to 'upset him.' I rather thought, I, who was going to be paying the two of them almost $10K, should be the one whose upset should be paramount. But nope. "Sorry you feel that way" was the response. Also, "You have insurance, right?" What are my remedies? When it's all over, I'm going to file ...

Hello all First of all, thank you for taking the time in reading this. I am new to the game and I'm very interested in purchasing a rental property out of state to make extra income. I have 20K that I would like to invest. I was thinking of partnering with 5 people 20K each so we can buy a property in NC, FL, TX, etc. (<- example states and I live in CA). The goal is to buy in full so we don't have to pay mortgage, get a property management company to manage the property, get paid, save the another 20K, and then rinse and repeat. Is this a good strategy? Please keep in mind that I only have 20K. What would you advise is the best strategy? Is there a better way? Can I do it myself without partners? Thank you in advance. ​ -Jon submitted by /u/King_Jonathan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj27a7/advise_on_real_estate_purchasing_a_rental_out_of/

http://imgur.com/a/AFgQMTf We're building a new home and I was curious what this might cost in other areas of the country. What do you think this would cost in your area? Finish will be mostly pretty standard stuff, nothing extravagant, no stone tops, lvp instead of hardwood etc. 2400 sqft, 1200 sqft unfinished basement (no plumbing or anything meant to remain unfinished) and 25x25 garage. submitted by /u/Strongman_Fire [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qj25x3/what_would_this_cost_in_your_region/

I’m of the opinion that this craziness isn’t sustainable. I’m not sure it will ‘crash’, but at least ‘correct’. With that said, I’m still looking for a house (on my own terms, not buying completely into the FOMO stuff). I’m in what always was a MCOL market that has turned into a quasi-HCOL market as a result of COVID. Starting around September, there were signs that things were slowing down, or so I thought. A few weeks ago I made an offer on a house listed at roughly 450k. It has extensive mold issues that need to be remediated and other deferred maintenance. Local comps (inflated comps of course) supported around 540k for this house. So that’s what we offered, thinking that basically 20% over would be enough to finally be done with this infuriatingly frustrating search. We were told that not only was our offer rejected, but we weren’t even competitive. And then a few days ago, the house closed for 639k. So just over 40% an already-inflated asking (they paid 430k in 2019). With ex...

https://www.barrons.com/articles/housing-boom-millennials-home-prices-51635498001 Text from article: Housing is hot, but who’s driving the frenzy? Millennials. Yes, despite more than a decade of depressing anecdotes about parental-basement living and too many roommates, this group now leads the U.S. housing boom. This is no flash in the pan: Millennials will probably stoke housing demand for years. What is driving the millennial housing boom? Shrinking debt, expanding wealth, growing families, and low interest rates. Millennials are working and reducing debt. Born from 1980 to 1995, millennials range from 26 to 41 years old, and represent 22% of the U.S. population, or 72.8 million people. They also account for a sizable portion of the workforce, at 36%. They are accumulating savings to pay down student loans and other obligations, a pivotal hurdle to homeownership. The Education Data Initiative estimates that while the youngest millennials have $22,953, on average, in student-loa...

We went for our final walkthrough and found multiple issues with the work the contractors had completed. We also had major issues with our real estate agent and had to call the broker to request a no contact, which now their transaction coordinator has taken over. Anyway, major items on our removal of contingency were not done at all and some that were completed are a joke. We had an inspector go out to check the repairs and found multiple issues (for example, a roof leak was supposed to be repaired and there is still a hole where light is coming in, inside the attic, which was noted on our original inspection/roc) and many other items that were not touched despite being listed on the invoice from the contractor they hired. The transaction coordinator sent an email to the listing agent with the findings from our inspector. The selling agent told us that the sellers were refusing to pay for any additional repairs. We asked about holding $ in escrow to get the repairs completed or get...

What’s are the steps I need to take to remove a 10ft long, load bearing wall between my extremely small kitchen and living area? What do I do and who do I need to contact? I’m a first time home buyer of 1950s ranch build that’s under 1000 sq ft and have absolutely no experience in being handy. So, I’d like to strictly leave this in the hands of licensed professionals, who know what they are doing. If that means paying upwards of 10k, then I’m fine with that. I just don’t know where to start. submitted by /u/jayfav07 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qixrvs/removing_walls/

Hi guys, hopefully this isn't a bad place to post this. Have my real estate exam coming up in a week and one thing I can't figure out is how CA is considered a "lien theory" state if it uses a deed of trust as the security instrument (typically title theory states use this). I have searched everywhere and can't seem to find an answer - was hoping someone here could explain. The crazy thing is that some sources actually say CA is a title theory state, further confusing things. Thanks in advance! submitted by /u/SpencerReynen [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qiwzbv/how_is_california_a_lien_theory_state_if_it_uses/

Do you think this would work ? submitted by /u/Numerous-Opinion2913 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qiwy4m/buying_real_estate_through_nft/

I am having a new construction house built and ran into a few problems. The main one being, I paid for a certain style of flooring to be put in. The builder put in the wrong stuff, so I corrected them and after a dispute they agreed to fix it. However... they put in the wrong flooring again! I brought it up this time, and they have basically said the company has spent too much money already on the floor. Sorry for the misunderstanding, but we aren't going to fix or refund the flooring cost. I have the contract that shows what I paid for and ordered. The current flooring is not that... Now, they are pressuring me to close on the home also. Any ideas on this? submitted by /u/randomnightfind [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qiwngf/new_construction_builder_not_following_contract/

My current mortgage on my house is at 2.625% for 15 years and current balance is around 201k. We are looking to buy a new house within the next 6 months and so we're considering the following. Refinance our house for 280K at 3.50% for 30 years and take out ~70k to use as downpayment to the new house purchase. We want to keep our house and rent it for a while. Current comps in the neighborhood is around 350k. We live in DC/MD/VA area. Is this a good move? submitted by /u/lumzhath [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qigs60/am_i_doing_this_right/

I started a new job and I had the option of going W2 or 1099. I figured 1099 would be best so I can deduct my expenses. However, I just found out that banks are wanting two years of 1099 work before they'll provide a mortgage. I can understand this if it was a new business, but essentially I'm simply electing to 1099, and I could easily get a W2 job if something happened with the 1099 work. Any suggestions on where I can find a bank that won't take a dogmatic approach to this mortgage and would lend me based on the fact it's the same field? submitted by /u/spe-swa [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qihn41/switched_from_w2_to_1099_want_to_get_a_mortgage/

Whats a good strategy to buy my first investment property? I have about 40k saved but I also have about 40k in student loans. I was initially plannning on buying my first investment property in 2019 but Covid hit and ever since then home prices have continued to go up. I work a job that allows me to have a somewhat flexible schedule and work a lot of overtime so I was thinking about grinding for a while to save up enough to buy something but I'm not sure exactly how much I need to save. Having a goal would be helpful because I'm considering making a career change pretty soon but investing in property has always been one of my goals and I'm willing to stick it out in my current job for a bit longer if I can save enough to purchase my first property. I'm pretty much open to any property type. submitted by /u/Fr3quency01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qihk63/my_first_investment_property_how_much_do_i_need/

We recently purchased a home, went with the lowest home insurance quote. A few months later the insurance company raised the premiums about $250. Is this customary? I told them that they should take on that cost and raise for next year. It would be easy for an agent to lowball the quote and jack up after you sign. submitted by /u/greenpowerade [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qih5tj/increase_in_home_owners_insurance_after_their/

Market here is still pretty hot, though not as hot as over the summer. Curious if anyone has had a contract accepted lately where seller has paid closing costs? submitted by /u/jfit2331 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qih3qm/sellers_market_closing_help/

I’ve been speaking to a couple different mortgage brokers about getting a 30 year fixed loan. Broker #1 suddenly changed his tune and dropped from 3.125% to 2.875%, stating rates had gone down in the last two days. Broker #2 stayed firm at his 3.0% offer. Where can I look to see for myself what broker #1 is referring to when he says that rates went down? submitted by /u/trixxyhobbitses [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qigrpd/where_can_i_track_daily_fluctuations_30_year/

After months of trying, our offer got accepted for a home in a HCOL area. It was built in the 1960s with some updates here and there (newer windows, addition 20 years ago) but still pretty dated and needs new floors, paint, roof, AC/furnace etc. Good schools, good size, nice yard, nice neighborhood and same owner for 40+ years. We were shocked that our offer was accepted because homes of this size in the neighborhood have gone for $150k more than what we offered. The problem is that it was settling and the owner did underpinning 7 years ago and had to add additional jacks 4 years ago to re-level interior flooring. Now the foundation inspection shows that although the underpinning was done correctly, some of the pier posts have tilted, which will likely cause more sloped interior floors if they’re not tightened every 7-10 years or so. I also see sloping floors and some wall cracking but no one can tell for sure if these arose as a result of the underpinning, before the underpinning af...

They don’t have much of a lease document and the end date was a year ago. I want the renter to move out so I can move into my home asap. Because this is an auction house, everything is an as-is purchase including that renter. Is there some kind of inbetween service that can bridge this transition? I feel very intimidated by the idea of giving somebody move-out notice and playing landlord, I’m a pretty meek single girl. I really want the house though submitted by /u/VespaWeasel [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qifx41/im_buying_my_first_home_via_online_auction_that/

Selling a house, went under contract about June. It is a tenant occupied home, buyers and everyone else knew this and wanted to continue on. All inspections, appraisals and everything went through and approved in august. Now they are STILL waiting for a clear to close. They keep asking when the tenants are going to be out. Soon I believe. There is NOTHING in the contract about the tenants being out. They will not close. My attorney pushed for the closing and gave the time is of the essence (?) and that was over 6 weeks ago. What can I do? Going into the contract nothing was said about the tenants, everything was fine and they were fine to continue with the purchase. It’s been so long with no answers! submitted by /u/Few-Ad3293 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qiedae/buying_dragging_on_closing/

Not sure how much value they provide these days. submitted by /u/Furrealyo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qif7g8/mortgage_broker_yes_or_no/

I have been searching for a home to live in since about February. My search got a bit more serious in June, and I had offers in on various places in the past few months. My story is the same where I was outbid or not a strong enough offer. There was only one instance in which I backed out and it was due to the amount of electrical repairs needed for safety. I'm currently in escrow on another place, and I feel like something isn't right about the sale. I don't know why, but ever since the J1 inspection, something about the place has felt off. I'm trying to look at this reasonably and see if there is any reason that I should be nervous based on the inspection's and sellers disclosures. I'm just looking for advice from random internet strangers. submitted by /u/buyahousethrowaway1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qieqmg/is_it_worth_it_home_ownership/

Are sellers required to respond in a certain amount of time to requests for things like extensions of the review period. Ours ends today. There were some fairly decent issues brought up on inspection and we finally had a plumber out this morning, but the electrician can make it out until Monday. We requested an extension earlier this week and have not heard back. My concern is that they will wait until the end of the day and then just deny the request which screws us....right? submitted by /u/pollyauntie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qie5so/review_period/

Story takes place in North Jersey with the sale of a Multi Family property. I'm an agent currently helping a seller with the sale of his home and brought a buyer who was interested and put in an offer. We proceeded forward and the buyer is in the process of getting insurance but the quotes he's requesting continues to get denied due to an open fire claim. Insurance broker mentioned the open fire claim is from July of 2018 which is prior to when the current owner (the seller in this transaction) actually purchased it (he purchased it a year later). Seller mentioned he had the same issue back then when getting insurance but let the brokers know that the property has no fire damage and his insurance company appropriately insured the home. He believed the open claim was taken care of and removed when they went ahead to insure the property. I'm asking in this sub because I too invest in real estate and would like to know how I can go about solving and removing this open claim...

Hey there! ​ I wonder if a potential landlord can ask for a pay stub or credit history? I hope it is the right sub where I can address my question. Surprisingly, I’ve never dealt before in renting a place by myself. I always had flatmates that did everything for me. Now, I have to find my own home, and I’ve never lived without flatmates before. ​ On the one hand, there are a lot of benefits. I can finally walk naked around the apartment and don’t need to bother myself wearing some clothes. Besides, I can bring girls whenever I want, and they don’t need to feel shy in front of my two other roomies. I can finally enjoy freedom in some ways. ​ But, on the other hand, I’ve just realized that I never lived by myself. I moved out of my parents’ house and lived with a roommate at my college dorm. Then we rented an apartment together and also found another guy to live with us. My college roommate studied law, so he took care of everything. I just paid the money. Besides, I’ve never done...

Property sale wording advice (LA) Selling a small piece of property soon to a tenant. Nothing crazy or for a large amount. I want to do 28 payments over 28 months with the option of 4 extra payments/months if said friend jobs slow down (construction guy, work can be slow or really busy.) That being said, for the optional 4 months I’d like to make it 1.25 of the original payment. I figure if there is no incentive to make the original payment time frame then it won’t happen. My problem is how would I word that? TLDR- selling property. 28 payments over 28 months. Additional 4 months allowed (32 months) but at 1.25 times original payment amount. Ie $10 payment becomes $12.50 if you use the extra 4 months. Advice on how to word this? submitted by /u/LABoots4 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qibi17/property_sale_wording/

We had our property surveyed a few months ago when we purchased a shed, and discovered that our neighbor has their fence on a 4 foot triangular section of our property. The neighbors are elderly snow birds who live in Florida 6 months a year. We really don't care about the fence as it's a section of our yard they we won't use. But we talked to them about it this summer and said that it needs addressed somehow before they sell their property. They are now once again in Florida, and we have no way to contact them. However, we are now considering moving. So set date and not urgent need to move, but we are casually looking and if our dream house comes on the market, I want to be able to pounce. This could be next week or it could be never. How much of a problem would it be for us to sell our house with this fence issue? We would obviously disclose it. The section that is over the fence line is behind our now shed, so it's not really useable. submitted by /u/nousefo...

Got a question in NV the homestead will be protected up to $605,000, later if my equity is over 605k then what happens when there is trouble? Can they sell the house and get their debt back? and after they take away their portion of debt and rest is down to 605k cash, what happens to the 605k cash? I suppose it's no longer protected since it's not a house anymore? and if there are more than one creditors then they can take from the 605k too or? (I am just wondering about this. I am not currently in trouble ) So is the best strategy to keep the equity under 605k or what? Take out 2nd mortgage and keep it under 605k? How effective is it? will it protect the house like it says when the trouble comes? Homestead law is here and it's not very clear/detail https://www.clarkcountynv.gov/government/assessor/home_stead.php It says It covers "accidents" , is that like a car accident, or when you accidentally hit someone from a golf swing? UPS guy trip on your property? ...

DLF Plots Siruseri starting from Rs 25 Lacs is garner high attention of the home buyers and investors as it elicits investment opportunity & freedom to plan your home in a much greater way. https://dlfplotschennai.blogspot.com/2021/10/dlf-plots-siruseri-upcoming-residential-plots-in-siruseri-chennai.html submitted by /u/rraashmikhana [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qi8n4h/dlf_plots_siruseri_upcoming_residential_plots_in/

I applied to a broker and they offered to pay for my 75 hour course and I’d reimburse them after my first deal. After signing the contract they send me out an email. This email had no instructions for a 75 hour course and just contained a link to 20 videos. I pass the exam and for many reasons (mainly they are an MLM charging $100/month to 300+ agents) I decide to look for work elsewhere. I find a great broker and am scheduled to start soon. I notify shady broker to terminate my affiliation with them they resist until I say I’ll call NYDOS. A few weeks pass and I just looked at EAccessNY and my license is listed as canceled. To say the least I am furious and hoping this is some error or something. I tried looking up my license by my name and license number and I couldn’t find anything. The only thing I’m hanging onto with hope is that under the status saying canceled it says it expires in September of 2023. Can anyone with knowledge please help out here and tell me what’s the situat...

Howdy there! I seen a Tiktok explaining that Japan is incentivizing foreign investors to buy abandoned homes in rural Japan areas, and the video went on to say that these houses are going for $500 per property. Has anyone heard of this? Can anyone confirm the legitimacy of this? Any helpful links that are trustworthy I can do my research on? Thanks kindly! Ti submitted by /u/FantasticBrassNinj [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qi7k9a/500_houses_in_japan/

So as the title says, I have been shopping for mortgage rates and I'm very confused as to how this whole process goes. I'm buying a new construction and my builder's preferred lender is giving me 3.375 interest rate but a lenders credit of $7500. This sounds like a sweet deal but when shopping around for rates, I see better mortgage has a rate of 2.8 with a lenders credit of around of $3,500. I brought this to my lenders attention thinking they would match it but that didn't happen. Instead, she said that is unreleastic in the curre r market. How do I know what the current market rate is? And should I shop around more to see what makes more sense? submitted by /u/dagr8don [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qi72x8/very_confused_about_mortgage_shopping/

As a beginner, every real estate investing niche looks promising! Avoid going deep on all niches-you will get bored and give up Its unsexy work - optimize for time to mailbox money Go broad and shallow, pick a niche and then go narrow + deep Who should read this? You know the promise of REI to get FI and not sure where to start In life, if you are indecisive like me and feel emotionally clogged up w/ big decisions This framework was the defining reason I avoided analysis paralysis Btw, a related thread on why optimize for time to mailbox money Steve Jobs said this well, “People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas” Let's blow it out! 1) First, list out all the choices/options/strategies you have come across. Ex - Buy and hold Single families 2-4 units Larger multi-families or mobile home parks BRRRR House Hacking Flips Student Housing Storage Units Mobile Homes...

It’s time to turn your dream into existence; yes it’s time to give your dream home a shape. It’s time to start the celebration that you were waiting from a long period. So if you are quite choosy person and wish to decorate your dream home as per your choice, then this is the right time to show your creativity in DLF Plots Siruseri Chennai . submitted by /u/rraashmikhana [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qi6b0y/why_should_you_buy_residential_land_in_dlf_plots/

First time home buyer. My broker, whom I like and trust and think is savvy, doesn't think I need an inspection on my co-op. To be clear, I've already signed the contract, and I waived inspection for the offer. This would just be for peace of mind, plus I have a financing contingency so I could always back out if something crazy comes up. NY is unique with co-ops, but basically broker says anything inside the walls of the apt are the co-op's responsibility. She says she will check all the outlets on the final walk through, we already checked water pressure and appliances, and an inspector would just be wasting my money (600-800 bucks). My family, and most other people I spoke to, think I should do it for the peace of mind. submitted by /u/ladyfingaz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qhqqs6/waiving_inspection_for_a_nyc_coop/

Hey everyone, I am getting very overwhelmed with how much needs to be done with buying and building on land. I am trying to gather as much information as I can about the process and know it will be a pain in the ass to do so, but it is my dream. I have been saving every crumb in the couch to afford the land for cash and was wondering if I have any options to go about this. My credit score is about 750 and I have about 50% of the cash saved needed for purchasing around the price point I want. Are there other options to loan land and build at the same time? Any insight to this process would be great as I would ideally like to have more liquid cash and pay down a loan in the event of emergencies (not to say I wouldn't have an emergency fund, but the thought of having more helps.) Thank you to everyone in advance for replying. submitted by /u/Wizard_Knife_Fight [link] [comments] source https://www.reddit.com/r/RealEstate/comments/qhpx5c/do_i_need_to_buy_land_100_in_cash...