https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Announces-Conforming-Loan-Limits-for-2022.aspx submitted by /u/Karatonin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5rvvy/fhfa_announces_conforming_loan_limits_for_2022/

Rural Midwest in a nice school district and a lovely little village where the houses have been selling like hot cakes except ours. Comped between $215K and $240K so we listed at $235K and got one offer early that we couldn’t come to an agreement. Dropped to $224,900 a month later. First open house was done during off hours (11-1 where 2-4 is most common in our area) by a different realtor. Second OH was done by our realtor. We’ve had a total of three offers that were at least $15K under listed price. We got two counters and one was just fishing. The flooring is old and apparently oak cabinets are dated. We get that, but it’s cosmetic. The kitchen floor is also sunburned so we decided to replace it with more modern vinyl planks (that look like hardwood). In moving the refrigerator, we kinked the water line, which burst sometime after we left for the day (living elsewhere now). I arrived to a wet kitchen and water running down the line into the finished basement, which is all cleaned

Got a weird one - bought a fourplex in June and seller was a pain in the ass. Fast forward to today and I received a notice from the city that they intend to place a lien on the property due to an unpaid garbage bill; letter was address to previous owner but mailed to my address. Called up the city and they will not speak to me about it because I’m not the person who the lien was sent to and I don’t have access to his account (my account is current with no outstanding balance). They won’t let me pay the bill and sent me in a marry go round around their departments. I’ve contacted my agent in the transaction to reach out to the seller to remedy but in the mean time I’m looking for opinions on what else can be done. The amount owed is negligible but the city won’t allow me to pay it and not sure what I would sue the seller for if a lien were placed? submitted by /u/AphiTrickNet [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5rsw1/lien_notice_due_to_

I bought a house with the intention of living there, but for various reasons I've changed my mind. I took possession 1 month ago only. I know it's a dumb move, and I'll be losing substantial money. I'm prepared to accept that loss as painful as it'll be and I've been lucky in my life that I can afford the loss. I was hoping to hear what options would be best for me based on these facts: -I paid all cash, no mortgage, so only property taxes/heating costs are the main expenses -I think I overbid and overpaid a bit. I doubt if I sold now I'd recoup anywhere close, then there's land transfer taxes, lawyer fees and realtor fees. -It's a higher priced home for the area, so finding renters may be difficult if I go that route -It's a 20 year old house and needs a new roof and furnace for sure So with that in mind I was considering: -Selling now and accepting the loss. -Sitting on the property for a year and eating the property taxes/other costs.

I am a total idiot, inexperienced FTHB. I didnt realize that my earnest deposit and second down payment were going to be cashed so quickly, I thought I would be warned or it would be closer to closing. It was a total of $15k, and thankfully I have overdraft protection from my savings account so neither check bounced I called my lender and he said not to worry so much since neither check bounced and I have all the funds needed for closing between my checking and savings. I'm still worried though, how bad will this look to an underwriter? submitted by /u/Life123456 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5qn6v/currently_in_underwriting_and_my_checking_account/

My family put an offer on an estate house—a fine specimen of love, attention, and upkeep. However, it is outdated. There's wallpaper, older carpet, old appliances, old curtains, cosmetic things. Nothing that scares me. We put an offer UNDER asking, well under with a VA loan and only inspection contingency. This is a highly desirable neighborhood. Well turns out, the estate was owned by a veteran who was well-loved by his family. They want the house to also go to vets. They countered with a generous drop in price and made it known their feelings about us. We are still going back and forth but I want to share to other buyers, don't fear the VA loan. submitted by /u/silversquirl [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5odrz/va_loan_was_to_my_advantage_with_the_sellers_oh/

By writing no agents I assume no would care for my listing ? I was planning on doing flat fee MLS (instead of FSBO on Zillow for free) to have my listing viewable on Zillow and so on. What about buyers agent commission part for a FSBO In Long Island, so no shortage of buyers Any advice or tips appreciated submitted by /u/RayAllenGame6 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5q9dn/fsbo_commission_to_buyers_agent/

I’m not really expecting any problems, but with such a significant transaction I feel like there’s no harm in making sure. Searching around, it seems this is not an unheard-of issue either, but still - what can or should be done by us? We’ve already issued them a check for just over the estimated amount (assured by mortgage broker that we’d get some money back at closing). It’s just a little weird too, but unless I’m misunderstanding it seems like THEY have a legal obligation to provide this 3 days beforehand, yet the penalty for them not doing it is WE could potentially have to walk away from the loan. Again, I don’t expect any issues. But what could go wrong? And if there is some kind of surprise on the final docs, what recourse do we have? Thank you submitted by /u/Persecutie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5q561/less_than_24hrs_before_a_60_day_close_and_still/

Buying the duplex my mother is renting, needs a lot of work done to it. Who do I hire to give an unbiased report of what needs to be done to the home which can be presented to landlord with the hopes we can get him to reduce the asking price. Things like driveway repairs, garage repairs, carpets, bathroom, kitchen, all these things need updates. My mother has been living in this house almost 20 years and the landlord has done nothing to keep it up to date. Any and all advice about this would be really helpful. submitted by /u/haptiK [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5p2pu/buying_the_duplex_my_mother_is_renting_needs_a/

So I just sold my house a few minutes ago🥳. I am elated. What a process it’s been, from dropped offers to many bumps in the road, and finally to the closing table 🥲. My mortgage was always due on the 1st. Today is the last day of November and the mortgage is due tomorrow. Will the mortgage company know by tomorrow that I don’t owe the payment? How soon are they notified that I am no longer a mortgage-holder? It’s Carrington Mortgage. Any good practices I should do since the sale is finalized? This is my first house sale. submitted by /u/itsanofromme223 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5ov9c/just_sold_my_house_a_few_minutes_ago_questions/

I’ve recently unexpectedly been given an offer to relocate for my job. It comes with a 30% pay increase and full relocation package, but I’m worried about the fact that since we are still in the process of building our home here, we won’t be able to sell until it’s completed (expected in February 2022). Anyone have any experience with selling a mid-construction home? submitted by /u/Excellent_Mix_5030 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5on3i/relocating_and_selling_a_house_midbuild/

I have a project I’m working on and trying to find data which can show a comparison single family vs multi-family (primarily 5+ units) rental housing construction over time. Does anyone know any sources or places to look for this? Thank you! submitted by /u/Elijahsaurus [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5okc8/looking_for_residential_rental_construction_data/

Hi everyone! My father unfortunately passed away pretty recently and he left his belongings, which include a house that's probably close to 180k. It's a 1 story house with a basement and a very long backyard which includes trees, a swamp, a bonfire place, and a small river. His house is a far away for me to live in and has many factors to why I don't want to live there. He smoked cigarettes and Marijuana in the house, the kitchen is outdated/ not modern, the tile probably needs to be redone, and the bathroom ceiling is peeling so probably a roof leak. He also never fixed/replaced things so it might need a new furnace in 1-2 years, the water heater is broken, and the a/c is old. So my dad owed 40k on his house and it's going through probate. I may be getting ahead of myself but if I were to "take over the payments" with a refinancing or do whatever, would it be better to rent it or sell it? I think maybe rent it because I could get extra income each month for

The caveat is that I'm talking about specifically NYC or Bay area in California though I'm sure this holds true in many other places. I've been casually browsing around and I'm noticing a lot of single family homes in a specific neighborhood I'm looking at to be say 1.8-2.2m right now for a decent 3 bed 2 bath single family home in California. I'm seeing the same or similar places for rent going for about 4500 give or take. To me these numbers don't add up. If I were to buy a 2m place the rental property and maintenance alone would be more then the cost of rent not to mention the headache of actually dealing with home issues. Is there something I'm missing here or is the buyers market just totally inflated right now? submitted by /u/arian487 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5n648/the_rental_market_and_the_buying_market_seem/

I’m about to move into a rental house that I am already so excited about, I’m thinking about making the owner an offer to buy it when our lease ends, and want some suggestions on the best way to do so. For background, I sold my condo in 2020 and moved into a rental. My plan had always been to buy again in mid/late 2022, but my current rental is unexpectedly going off the market which left me scrambling to find another place sooner than I hoped. However the new rental I found is almost exactly what I’ve been looking to buy for our ideal 10-20 year home, in terms of size, layout. And it gives me a chance to test drive the neighborhood. We’ve signed a 12 month lease, but are thinking if we end up really liking the house and neighborhood we want to make the owner an offer to buy. I’m not seeing a sale history for the house on Redfin, if that means anything. Also the owner has the property managed by a property management company so I probably won’t be interacting with him at all direct

Not complaining about having to pay PMI like another post on here but I AM complaining/questioning an aspect of it. We put 12% down initially and just reached our 20% principal. We naively expected PMI to drop off our statement. Nope. I have to write them a letter requesting it be removed. Otherwise we’ll keep paying it until we’re at 22% principal paid. My question is…. Why? Is it just so the insurer can keep getting paid if we don’t notice we’ve reached that threshold? Put the onus on the homeowner to know they’re own finances? Or am I missing a legitimate reason? submitted by /u/nobuouematsu1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5mmvz/pmi_question/

It's a sellers market and real-estate agents don't do anything for the amount you are paying, post your home on zillow and take some great pictures, that's all you need other than a good lawyer. You'll save thousands and even tens of thousands. submitted by /u/lrze403 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5mu5z/if_you_can_dont_use_a_realestate_agent_when/

Hi there - we're set to close (Massachusetts) and I'm wondering if there's a significant difference in closing in December (2021) or January (2022). We're also expecting our first kid in January 2022, which I'm not sure makes a difference for this, but just noting for as much detail for any guidance. Thanks! submitted by /u/bonaohaverhill [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5mogp/close_in_december_or_january_this_year_or_next/

I kept getting mailers from the "your home sold guaranteed kings of real estate" people. I was already skeptical because the company sounds like an ad in the back of a hustler magazine. But curiosity did kill the cat... I started reading their pitch so called a guy to see what exactly they offer. He says they have an exclusive set of investors from out of state that sees the property online before it is listed. So I figured this would better my chances. The first red flag was he tried to charge a 7% commission. I negotiated down of course and started the process on the notion the sale could be expedited based on a wider viewing audience. Fast forward a month.. I get a low ball offer and rejected. He acted put off since I didn't counter. Another week goes by, I get another low ball offer. So I counter with the asking price. He says "I don't think they will agree to that". I said I don't care. I come home one day and the porch railing was loose. The bac

New owner of a multi-family property subject to AB1482. Plan to increase the rent each year to catch it up to market rate. Since it’s subject to AB1482 can’t increase more than 10%. I think I only have to give 30 days notice on the rent increase but saw somewhere a mention of 60 days. Just want to do it right. Anyone have an authoritative source? I read the bill text already. submitted by /u/Bound4Tahoe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5jjkl/how_much_notice_is_required_for_rent_increase_in/

House is under me and my sisters name but credit is under my aunt and uncle. Home was bought about 10 years ago. My aunt wants to be removed for no reason. Can I qualify to take her spot im 22 work part time because im going to school but make 550-600 a week In california. Or what happens if she leaves? I dont know anything about this situation any information is helpful please. Some more details in case there needed home was bought for 170k 7% interest. Now home is valued at around 400k+ . Monthly payment $1300 and mortgage left on the house is 120k I beleive might be wrong on this part. Not sure if any of this is helfpful submitted by /u/treloy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5ia61/do_i_qualify_to_be_put_under_the_home_credit/

My house is going on the market in a few days. I think it is worth $450K+, I hope I get $465k. My realtor wants to list it for $420k and start a bidding war. 4 days to see it and best and final offers in 1 day after last viewing. The comps are questionable. I think pricing it too low discourages people from putting offers in. I know I didn't even look at houses that were priced too low since I didn't want to deal with a bidding war. So should I price it for what I think it is worth or price it low? I would not be happy selling it at $420k. My house. Built in 1950. 3 bed, 2.5 bath. 2300 SF. Updated kitchen 2 years ago. Well maintained, amazing yard and really shows nice. Comp 1: 30 days ago. About 5 houses down from me. Same bed/bath. 900 SF less. Never updated since the 50s except the kitchen. I spoke with the buyer and he said it needed to be gutted. Listed for $350 and sold for $350. Many above asking price offers but his was cash and they required 100k down to take his o

We live in Alexandria, Virginia just 20 minutes outside of DC. Currently we own a home we bought for $500k that is a ranch and we're considering putting a second floor addition onto the house. Each year 5-10 houses in the neighborhood are doing this and this past year most were selling for about $1.1M (most of these ones are being bought and flipped by builders where as we're planning on this being a very long term home). We've gotten a few quotes from more respected builders in the area that our expansion will be roughly $600k to put a 2nd floor on and go back a little further on the property more than doubling the square feet. What I am struggling with now is that even though I think the math seems to workout $500k + $600k = $1.1M what might I be missing in the calculation? My head sometimes plays games with me and says that it'll always still be a $500k house despite doubling it. What other questions should I be asking myself? What other factors should I be conside

Weird question but I remember reading someone here who had it worded perfectly. We have now lost bids on some homes and were over asking on all of them. To not drastically overpay, what do you guys suggest? If I recall correctly, someone said they submitted offers with something like 'ill offer 5k above highest asking price with the option to refuse' submitted by /u/Deadliftingfool [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r52hs0/when_placing_a_bid_to_buy_what_wording_can_we_use/

Maybe my opinion is based off seeing the houses in and around my market double in some cases. So that is something more than "inflation." But taking inflation into account...Back in the day Realtors were doing a bunch of work to receive 3% of a $100,000 house. Now we (yes I'm a Realtor) are searching online, and doing all paperwork virtually for 3% of a 1,000,000 house. Just like most other industries, technology has simplified the Realtors work load...yet we are still being paid the same commission percentage as if we were thumbing through the newspaper. Companies and business professionals see the gap in the industry and are trying to fix it. I'm curious to see how this pans out in the next 10 years. I certainly do not think a Realtor should receive 3% across the board whether it's a $300,000 or a $16,000,000 house. I've had my license for almost 12 years and I own a marketing company that represents brokers and agents, one of which is one of the top 1% p

I was about to make an offer on a home the family liked but the disclosure package came with a bad surprise: Dry wood Termites have been detected. I understand the solution is to put a tent and treat the entire house and i’m comfortable with that. The problem is there is no way to know how long the infestation has been going and the extent of the damage. In this situation, what options have buyers to protect themselves from future hell? I understand that deeper investigations involve tearing up the walls, which owners won’t accept to do for a contingent offer… submitted by /u/SPD1314 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r5293o/options_for_buyers_when_termites_are_detected/

Hello! New to the sub and was hoping to get some information and advice on selling a property as For Sale by Owner. I live in a waterfront condo and the units that are listed are off the market within a week and I feel like I would be throwing money away by hiring a real estate agent to list and show the property. I understand the issues of listing, pricing, and showing the property myself, but it is the legalese that worries me. Will I just need a real estate attorney and a titling company to help with the paperwork? How much additional work does FSBO present? Assuming that I list and price the property correctly, is there anything else I would be missing out on by hiring a real estate agent? Thanks in advance for any advice, apologies if this information is already posted somewhere. submitted by /u/BulletProofJoe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r51xky/help_with_selling_property_as_for_sale_by_owner/

I have a shit ton of money in the escrow account because property taxes are still being assessed at the former owner’s rate, am hoping the analysis happens before the inevitable supplementary tax bill so I that I can actually pay it without having to float 15k or so. Thanks. submitted by /u/vngbusa [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r51ale/anyone_know_what_month_uwm_performs_annual_escrow/

Scenario: House inherited by 3 siblings who at this time co-own it One sibling making an offer to buy from other 2 Assume value is 1M Should the house be purchased for 1M or for 1M - 6% since brokers will not be used? So should the buyer pay the 2 siblings 2/3 of 1M or 2/3 of 940k? Edit: thank you all for your feedback, much appreciated. The Estate lawyer just confirmed that it is customary in these situations to discount 6% from the gross value and split the net. submitted by /u/Code-Warrior [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r50zls/should_house_price_be_discounted_when_selling/

Hi there, How much should I be paying approximately per month in Mississauga Canada for a storage locker? There’s a owner renting his in my building submitted by /u/VladGuerreroJr27 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r50z6w/locker_rental/

Hello, I have what I believe is an interesting scenario and I'm unsure what to do. I bought a home just outside of Manhattan literally during the week of the first pandemic lock down. Because of this, I am of the opinion that I bought the home at much lower than market value, because at this time nobody was buying, and everybody thought I was crazy (nobody bid against me, the home is great, the lady was panic-cashing out and retiring). Shortly after, the market went gang busters. Here's my situation: the home was bought at around $100,000 less than what the township values it for, so I should be able to appeal my property taxes (which in NJ is substantial). BUT, where I live, there are literally no homes nearby that could be considered comps. They're all either multi-million dollar mansions, or condos in large buildings. I own one half of a split town home (pretty much all of these have been converted into multi-unit apartments, so to find this is rare). My concern is th

Our agent has earned our trust over the past couple of months. So we're not questioning here integrity or anything. She's been fantastic in many ways, not being pushy or creating a sense of urgency and being respectful of our decisions. But last week she was pushing this house that needs a gut renovation really hard on us, which was listed by her coworker. I guess that could be a good option for us, but I've never seen her so enthusiastic about a specific house. We decided to pass since it would be just too much of work, but I was wondering if there's an incentive for an agent if they sold a house listed by a different agent who works with them. submitted by /u/squirrelacronparty [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r50iaa/our_agent_was_trying_to_convince_us_to_buy_a/

Hello reddit, I am a first time home buyer(22m), looking to purchase a home near my workplace in Canada. However, the rising interest rates, and potential housing crash concern me. Would it be foolish to buy now. 18 months ago people were saying prices were high. Now they are 40% higher. So should I hang on a while or buy now? Any advice is appreciated. Thanks! submitted by /u/stam2440 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r50dkk/buying_a_house_in_late_2021_advice/

Hey guys! I’ve been looking at houses and condos in the DFW area. I was close to putting an offer on a condo, but the HOA scared me off ($600 a month—utilities included but still). I’ve now found a house I really like and toured it yesterday. It doesn’t seem to be in terrible shape but there are quite a few red flags that I’m trying to assess the seriousness of. There are a few cracks in the walls and ceilings around lights and in the corners of windows. There is one spot on the wooden floor that could potentially be water damage. I’m not sure about the electric and plumbing yet (water ran fine and toilet flushed okay, and a new electrical panel was installed outside). Nothing is updated cosmetically, which doesn’t bother me. Realtor is suggesting we go in slightly below listing price (230k, listed at 233k) and then see how the inspection comes back. I don’t mind paying for the inspection, but the only comp in the area is the same size house (on a slightly smaller lot), completely r

We sold our house in Austin, TX to OpenDoor. Our rep was flexible, communicative and thorough. The title company they hired was the same. The whole transaction was easy from start to finish. We got way more than we would on the open market. I’d do it again. For the purchase of our new home in SW Colorado, it’s been a nonstop string of professionals dropping the ball. Our realtor was non-communicative, and we missed the deadline for inspection and survey. The first appraiser that was hired no showed causing us to have to pay extra to hire one last minute. Despite our lender being ready to close weeks ago, the title company dropped the ball on communicating with them, and we have had to be the middle man making sure the title company is doing what they need to do. Now today, closing day, we have a mobile notary no-show. Amazing how many people have failed to do their jobs. I know there’s a labor shortage, but this basic lack of diligence and professionalism is simply unacceptable

Hello everyone, I was hoping someone could enlighten me here. Purchased a new Lennar build condo back in June of this year. Got my escrow funded/etc (though there were major complications with the property tax.. Lennar was stating property tax of about 1.2% + mello roos of about 2K / yea, but once closing came about we closed with a way higher property tax rate - but I digress). Just checked my escrow account, and there was a new transaction of "ESCROW DISBURSED TO MORTGAGEE" for about 8K. I emailed the lending company but I just know it will take forever for them to reply and don't get me started on their phone CS... just impossible. So I was wondering where the 8K went? If it was for property taxes, I would assume they would let me know it was for that.. but nothing... ​ Any help would be highly appreciated. submitted by /u/fabz1991 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4z04d/escrow_disbursement_to_mortagee/

I posted a couple weeks ago about the buyers requesting a slew of repairs after the inspection report came out. We listed our house “as is” and had it clearly outlined as such in the contract. We agreed to do some minor items on their list and offered a $5k credit. I found out today they’re backing out. This is the first time we’re selling a house. Do we re-list it exactly the same? Add additional disclosures? Reduce price? I don’t want to go through another month (or more) of a roller coaster to get no where. Not to mention how bad it will look to keep re-listing. submitted by /u/Used-Mode1484 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4ygx4/buyers_backed_out_nj/

Hello guys, I am not sure if this is the right place to post such inquiries My uncle signed a lease with one of the apartments complex for a 1 bed room. My friend is not from U.S but he is here for medication purposes in John hopkins, Baltimore MD. The lease office for some reason didn't allow him to go and look at the apartment before signing the lease. I really not sure why the hell would someone sign a lease without seeing it physically. But I believe there is a sample room in the lease office that he saw and thought it would be the same. Anyways, the apartment was the worst you would ever see not only because everything is broken but also he figured at night that its a full of roaches that he cannot even sleep in it. No kidding there was like thousands and thousands of german roaches that he couldn't even sleep and booked a room in the hotel. Next day he went to the lease office and told them the issue and they didnt want to change his apartment nor break the lease. U

How is it that all over the developed world, housing prices have suddenly all shot up at the same time? Surely there are bigger financial affects at play here, other than supply/demand? If short-term supply chains are to blame, wouldn't the effect be more felt in newbuilds and project deadlines, and not so substantialy across the board? If policy is to blame, are we saying many governments took action to rise prices all at the same time? If general housing shortages are to blame, are we saying that suddenly, over two years we needed 'e.g. twice' as many houses all around the world, and that so many markets reacted that quickly? You hear a lot about how, people are leaving cities etc.. This would provide an explination if the issue was fairly localised (think suburbs around cities like London, L.A.) you could even apply this to smaller countries like the UK, it isn't localised though. It seems to be occurring around (most of) the world?.. and wouldn't you expe

I currently have two rental properties I want to sell (not worth the rent anymore) and I bought them at 15,000 and 30,000 respectively over 6 years ago and put in lots to renovate/modernize. I currently make less than 30,000 on my yearly income but am murky on how much I would pay for cap gains tax some say zero others say more, any answers or explanations would be helpful. Thanks. submitted by /u/Confusedbirdguy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4x4ib/question_of_cap_gain_taxes_us/

Hello. We have been searching for a home for a year and finally found one we love. We placed an offer WELL over listing price with no contingencies other than normal inspection to hopefully ensure that we will get the home. The sellers agent sent over what was included with the home for us to sign, and seeing as how there were no other offers, we saw this as a sign that they were about to accept our offer. 72 hours have passed, we have had to resubmit the offer again and we have no idea what is happening. When my agent asked about offers, we find out there are none… they will not give us any update on our offer or how long they plan on stringing us out for an answer. I find it incredibly odd that they have no offers and act like our offer is trash and ignore us. Here’s where it gets sketchy. The realtor used to live in the home and is heavily emotionally attached via his Facebook post. (Yes, I began sleuthing at this point) He had a friend of the family say they are interested. At

Is there a way to pull a list all houses sold in the past year in a certain city? With list price and sold price would be bonus. Thanks! submitted by /u/Fantastic_Escape_101 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4r8kl/where_to_look_at_past_listings/

submitted by /u/NoahPisia [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4qr24/hi_guys_i_take_my_real_estate_license_exam_soon/

I’m 20. I’ve got quite a bit in my savings, and I’m curious about how the first time buyers programs work. I live in Washington state, and from what I’ve heard its only required to put down $10,000 (minimum if I read correct) for first time buyers. Is there any way to find out more information on how to apply, what kind of credit score you need, etc? I’m getting sick of renting and I make enough money to own if I had the ability to. I just want to start off with a minimal house, and work my way up. Maybe even do a flipper for my first house (but keep the house lol). Any tips, pointers, etc is heavily appreciated! I also apologize in advance if this isn’t the correct place to post. Seen posts similar to this and wanted to inquire about my state in specific! submitted by /u/MelodicThroat-2023 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4ecnn/first_time_buyers_program_how_does_it_work/

submitted by /u/FirmActivity00 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4dktv/please_disregard_if_my_inquiry_appears_to_be/

I can have an easy credit for buying 1-2 flats in Berlin and live in one of them temporarily then have tenants while I work / live abroad. I don't see the catch as it seems to me real-estate prices there are quite low compared to Paris, London etc. It seems I can have a tenant pay for my credit, but I still miss some important data (how much for a management company when I am abroad), and advice from the reality. I don't plan to sell the flats shortly, just hold and rent, maybe retake one of the flats for myself in some 10 years or so. Side questions: Are other markets easier for real-estate investments, elsewhere in Germany or Europe, North America etc. ? submitted by /u/solipcism [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4dfph/investment_real_estate_berlin_or_elsewhere_advice/

I am currently renting a home that my landlords are planning to sell. They are refusing to let me stay to the end of my proper 91 day notice due to the fact they believe it hurts the value of the home. I understand legally they cannot make me leave, I plan to stay to the end of my 91 day notice. But now I am curious... Does it harm the value of a home if you're living in it while it is on the market? I've never heard of such a thing and I've known plenty of people who lived in their home while selling. While I'm interested to hear what everyone has to say, I'd love know what professional realtors hold to be true. submitted by /u/Emmyber [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4d6i0/does_living_in_a_home_while_selling_it_lessen_the/

How has it been for you submitted by /u/idealduck98 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4c0ls/any_keller_williams_agents_who_make_off_profit/

We moved into our first house in June. The garage had some shoddy cabinets installed above the work bench so I didn't even open them since we moved in. Today I decided to remove the cabinets because I plan to paint the garage, and when I opened the cabinet I see mold. Here's some photos: https://imgur.com/a/LY4OL6x I have no experience with mold but I assume this has been happening for a while? I've traced the issue to the bathroom right above that area of the garage. It drips water here anytime the shower or toilet is run in that bathroom. We've obviously stopped using that bathroom now. So what are my options? I have home warranty for the first year and I have home insurance. Is this the type of thing I would use either of those for? Do I have any recourse against the seller? I genuinely have no idea if it was leaking at closing or (just my luck) it started leaking after I moved in. As if moving in wasn't expensive enough already. submitted by /u/ferdi

Hello everybody, I would love some advice at what to do at this point. We’re in Dallas if that gives any insight. The house was listed at 520K and our agent told us that the comps show it at around 540 and suggested that we need to put an offer of at least 550K. We’ve put good offers above asking price before, but we’ve been beat so many times already. We put an offer for 551K with a full waiver and it was accepted, yay! Inspection came back really good. They can’t move out until beginning of February as they are waiting for their house to be built. They will be leasing back the house for the extra time. The house was appraised for 495K. We’re so confused about this and not sure what to do. Our closing is next week. We are already putting down 170K. There’s no way we can make up for that extra 50K. Is there a way to negotiate? If not should we just back out and lose our earnest money? submitted by /u/Snoo_30080 [link] [comments] source https://www.reddit.com/r/RealEst

Hey all, has anyone ever done any research about the health implications of living above an intersection? I toured a place today in Alexandria VA; it's in an older building on the corner so there's an intersection below. The property is on the third floor. I've read a bit about the air pollution from interstates and highways, but I haven't found much regarding air pollution around intersections. Supposedly the braking and accelerating from cars going through the intersection might cause a large amount of fine particulate matter, but the stuff I've found on that topic has been speculative. Does anyone know more about this topic? Have you lived near an intersection before? submitted by /u/ParisMortgages123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4awho/health_concerns_regarding_an_apartment_above_an/

I'm looking into the history of my home and I've come across something that I don't quite understand. Here's the timeline: ​ 1939: Father died, willing home and property to son, "A." June 1955: Son "A" dies, with no will. Son "F" is appointed administrator of the estate. Feb. 1956: Deed of Real Estate at Private Sale says that son "F" sold the property to son "R" for $16,000. March 8, 1956: Quit Claim Deed- Son "R" grants 1/3 interest of property to son "F" and daughter "M." August 11, 1956 at 8:40am: Quit Claim Deed- Son "R" quit claims entire property to son "F" and daughter "M." August 11, 1956 at 8:50am: Quit Claim Deed- Son "F" and daughter "M" quit claim entire property to son "R" and his wife. ​ I'm a bit lost as to why there was so much back and forth. Anyone have any ideas why this might have been the case? An

Our realtor said seller has received our offer and will be “presenting” this afternoon. Just curious what that means thanks submitted by /u/JustAintCare [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r4a8es/quick_question_about_terminology/

I'm very confused about how this usually works. My agent says if there are any issues she and the other agent will "work it out" but that if they don't perform then our only recourse is small claims court. Do people usually have the final walkthrough a few days ahead? submitted by /u/thatsamaro [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r49mln/final_walkthrough_is_date_of_closing_title_says/

Hi everyone. Prefacing this with I'm going to ask my loan officer, but it's Sunday and he's not in the office today! My husband and I are looking to purchase undeveloped land, and we plan to build a new house on it. We saw a lot today that is 2 acres, and the owner is also selling another 2 acre undeveloped lot next to it. We are interested in both lots, but not sure how that works with financing. We have are using a construction loan that includes purchasing the land, construction, and then closes as a traditional mortgage. How would this work if we were to purchase both lots? Is that even possible? submitted by /u/juliolovesme [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r49a7p/purchasing_two_lots_together/

The plan is to build timber frame with a couple 14' doors with room to park on both sides. I do plan on building another office/warehouse/apartments on the same lot but a little further away. When it comes to lending, what route would you recommend? #1 I assume would be owner financing on a good piece of a land? #2 bank construction loan? I am going to start looking for land close to the highways (outside of the city) with no crazy turns or anything. My exit strategies would be being able to rent to another shop looking for another location, etc, or rent it out to other local mechanics who run a mobile business and maybe need a place for a special project or two, I do not intend on selling. submitted by /u/VegasAsens [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r499mx/question_on_building_semi_truck_mechanic_shop/

Sellers mentioned they would need 3 days to move out after closing days before our closing. In discussion, that turned into if their movers are available, attempting to close on their next house the day after our closing and move directly (not contingent, they just wanted these funds for their next house), so they may need more time. We said no to all extensions. They were insistent that they would have as much time as needed to move out after closing assuring us they would do it quickly. Our contract says possession at closing. They were still asserting for more time friday, with our answer being no. So we're hoping they began packing this weekend, otherwise incredibly unlikely they'll be out for walkthrough/signing next week. Discussions have been through agents. Lawyers have been off for the holidays, and will be back for discussions Monday. I know we can delay closing but would prefer not to. Our preference is to stand to the contract that they need to be out, and need t

When my husband and I bought our last house, I was less than impressed with the work done by the buyer's agent. Essentially with every document, I needed to correct something myself before signing. I found the house myself and was not impressed by the inspection report. There were many things that did not come up on the inspection that I later found were issues with the home that we had to repair within a year of purchase. We're in the market again to buy something bigger to make space for our growing family. I'm somewhat dreading the process of working with a buyer's agent when I don't truly feel that it is in their interest to ensure we get the best price or most reliable home inspection, due to the apparent conflict of interest with the commission structure. I am considering paying a real estate attorney to look over all documents associated with the sale before I purchase a new home, and forgoing the whole buyer agent thing. If I do purchase a home without an

Hi all - FTHB and I lost out on my dream house by taking too long during negotiations. Obviously hindsight is 20/20 but I’m kicking myself for not taking the seller’s first counter right away before the other offer swooped. Can anyone provide success stories of where you were in a similar situation, and either got the house as the back up offer or found an even better house in the end? submitted by /u/backre [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r475oo/demoralized_and_in_need_of_success_stories/

We are buying a home in cash very soon, and looking at the property tax history, our seller has a couple property tax credits currently being deducted. Currently, he is on a semi-annual pay schedule, with his next payment due 9 days before he moves out, but before our closing date. So we'll probably be baking them into our closing costs I'm assuming. Can we keep those credits for the 2021 year? And if so, how long can we keep them for? submitted by /u/derrick3008NY [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r465y5/buying_a_house_for_the_first_time_will_we_be/

Hi! My husband & I are currently renting in TX. We’ve been trying to navigate the crazy market but haven’t had much luck with finding a house. We saw a house for sale yesterday & got more info on it. It’s within our budget but it’s currently being rented month to month. Our current lease ends in December and our landlords gave us the option to do a year lease or month to month. We have a lot to go over and still need to see the house in person, but I was wondering if this is as good of an idea as I’m telling myself. Good neighborhood & we’ve been pre approved for the asking price. As soon as the tenants leave we’d move in. Has anyone done something like this before? submitted by /u/IcyShake8705 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r45u36/owning_a_rental_while_still_renting/

I have thought about investing 5k in REITS with high dividend yield, but it seems like I will not gain so much from this investment. submitted by /u/Lunar_91 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r45jk8/are_reits_for_rich_people_with_high_capital_and/

Mostly the title. My fiancé and I found a perfect home on some land that was advertised with high speed internet in the listing. We both work remotely so this is a must have. Verizon spectrum and frontier all don’t offer service to our address in central New York. AT&T and Verizon don’t have hotspot internet and starlink says it’s not available in the area yet. We’re under contract and have a closing date at the end of January. Is there anything that we can do? submitted by /u/gome1122 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r451uu/house_was_listed_as_having_high_speed_internet_on/

So, I updated Zillow. Now there's no price history and no way to see if a house is pending or under contract. Anyone notice this? Maybe I'm doing something wrong. submitted by /u/rettribution [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r43gyc/zillow_update_anyone_notice_anything_wrong/

A question for underwriters - as a landlord I took advantage of tenant not paying rent due to covid 19 by putting my current loan in forbearance in September of 2021. A guideline given by Fannie Mae and federal government over the summer was shared so that we wouldn’t have to evict them. I entered in contract for buying a home mid November or so but completely oblivious that they would dig to the fact that my current loan is under forebearance. I made payments within the 15-30 days in October and November as a safety net and underwriter asked for documentation on when forbearance ended. It doesn’t end until January. My question being that my credit is 750+ and 20% down for this new loan am I pretty much set up to fail here or is there a fair chance I get approved. My current loan has a balance that’s current many dated articles say I should be okay as long as I’m current but not entirely confident. Let me know if you have any input would be greatly appreciated. submitted by /u/N

My wife and I are currently living in the central valley in CA. We are looking to move to the Midwest where she is from but are not to sure what to do. We have the option of potentially keeping this place and buying a house there but it would be tight. We can also stay here a while and move in a year or so after saving a bit more money. But it primary choice because we very much don't like it here. We have also talked about keeping this place and renting it out but don't have any experience with that and we are not sure about managing a property from half way across the country. To add to the decisions we are looking at possibly buying my father in-laws land and letting him stay on it. He would take the proceeds and build a house on the 5 acres he would keep and willed to us. This would be great i think all around but we'd be stuck here as e don't want to live with him. Any thoughts on what you all would do would be great. submitted by /u/araech237 [link] [co

My friend bought a house off market from a realtor, and he hasn’t fully explained to me how he managed to get the realtor to sell a home before putting it in the market, how do I go about buying a house from a realtor before it goes on sale to Public? submitted by /u/SovietStar1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r3r7c7/how_can_i_buy_a_house_off_market/

I have my California Real Estate License but I have never done a transaction nor have I worked at any brokerage, as I just recently got licensed and I'm still a student. I have somebody interested in selling their condo and they have a buyer that's interested too. They came to me first because they heard I was getting involved in real estate. I know I need a broker for me to do this transaction. How should I go about approaching a brokerage? This is my first deal so I apologize in advance for the noob question. Are certain brokerages better for this kind of situation? I feel very fortunate to have this opportunity so I would like to do this right. Thanks. submitted by /u/itisamindset [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r3rl93/question_for_real_estate_agents_about_my_first/

I am in my early twenties and am getting into RE investment. I hope to acquire my first next year and then as many as I can in my lifetime. I live in Ca and just wanted to hear different perspectives on what is the best type of RE investment. I've heard people suggest buying out of state for lower prices. I've also heard that single family homes are the best because these are highest in demand and if you buy too big it could be hard to find a family willing to pay such a high rent. But I've heard apartment complexes are good too. ​ ​ And I also wanted to compare air b and b to renting--which do you prefer? ​ Thank you! submitted by /u/imtired1234567891011 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r3r1mg/best_rental_investments_in_ca/

We're interested in this property in a good neighborhood in Greater Boston area, but it needs a complete makeover. Everything is outdated, basically a gut renovation is needed. Kitchen, floor, ceiling, bathrooms, bedrooms, windows, new electrical, finishing a basement, landscaping etc. We're currently wondering how much time it would take to get a house completely renovated in this market? From what I've heard contactors are completely backed up for months. Would it be feasible to find a contractor in December and finish the renovation by May 2022? submitted by /u/squirrelacronparty [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r3qj5g/greater_boston_area_would_it_be_feasible_to/

Hello! I’m selling in a super duper hot market. The offer I’m considering includes a $600 home warranty at the buyer’s request. My first thought was to decline but I’m not really familiar with these things. Are they helpful to the seller in any way? Any guidance would be appreciated! submitted by /u/__never_more_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r3q9ub/buyer_is_requesting_a_home_warranty_what_should_i/

Our house used to have gas but it’s been disconnected. We could have it redone and if we did, we’d get a gas stove and water heater. We could also do a backup generator but our area is pretty reliable and we have a wood stove insert that lets out radiant heat (we’re in the PNW so the winters aren’t that serious). Curious if it’s worth the money to get gas up and going. If it will help sell the house down the road, we’ll probably do it soon so we can enjoy it a while first. submitted by /u/applepiecorgi [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r3p39e/is_gas_a_desirable_feature/

We bought our house 3 months ago in New England. Today we found mouse droppings in the pantry. We are really upset. Is this something we should talk to our builder about since you expect a brand new house would be sealed up with no chances of that happening? submitted by /u/Fyea78 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r3pvl2/mice_in_my_newly_constructed_home/

I bought a house w my business partner in March of 2020 and finished it for about 50k all in. We just did a refinance on it and it was appraised for 105k so we are finanlizing the closing on Monday for the refi money... However I just received a cash offer for 163k and want to sell it... What would happen with the refi money? Also how much would we be taxed? submitted by /u/_cityofgod [link] [comments] source https://www.reddit.com/r/RealEstate/comments/r3nau8/refi_and_taxes_helpohio/