Based in the uk submitted by /u/Valuable-Ad-7898 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v1p8r6/my_plan_was_to_flip_my_first_house_as_im_a_first/

Although real estate is highly regional, this article does show some interesting numbers about recent changes, mainly the fed rate hike. https://www.axios.com/2022/05/25/the-real-estate-frenzy-is-over submitted by /u/B1kerGuy2019 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v1obhb/not_a_market_correction_but_interesting_numbers/

We already purchased another home and we are motivated to sell our old place which is now sitting empty. We listed at 599k, based on comps from our realtor over the past year (5 bed, 3 bath, 3 acres and move in ready). The market is definitely cooling in our area, but we still had some interested buyers. Offers were due last night. Two agents were pretty sure their buyers would be writing offers, but we didn’t get any, so our realtor was going to follow up with them too. The main negative feedback we got was- 1) buyers didn’t like proximity of shared dirt driveway to the house (which we anticipated, and there’s a legal option recorded which allows buyers to unilaterally move the driveway if they wish) 2) no cable internet (nothing we can do about that) and 3) price was too high. There was a lot of positive feedback about the house itself, with all the agents saying it showed really well. We are thinking about dropping it to 565k, but don’t really have a rationale for picking that pric...

So I currently have about 20 offers on my home, all ranging from cash, conventional, to fha. The 2 highest offers are cash and fha. I’m really torn about accepting the fha offer. It was the very first offer on the home and the woman is pregnant. Am I crazy for even considering a fha buyer when I have a cash offer on the table? submitted by /u/Strong_Sweet3996 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v1npmv/selling_house_fha_vs_cash/

As in, I don’t sign any of the closing documents. I basically hand the purchase to another party altogether, without disclosing this to the seller. Can this be done discreetly at same title company or should I use a different title company than seller? Is there anything wrong/unethical or illegal about doing this? submitted by /u/ReadersDigestVersion [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v1m0p7/real_estate_purchase_in_us_is_it_ok_if_i_make_the/

My language is a bit clumsy here, because these are terms I usually only discuss in German. My partner and I are looking to buy an apartment to move into. We both prefer the look and feel of apartments in houses with fewer units rather than more, but she is worried that if we owned one of, say, 3 units, the owners of the other two would form a coalition and outvote us if we want to do anything that requires their consent or cooperation. She has been told by her parents that it's much better to have one unit of many. I've been told by my parents, though, that it's much better to have a unit of few, because you have a more tight-knit community and you don't need to convince as many people, if you want anything done. We both feel strongly about this, and I want to know now, if anyone has any relevant perspectives to share. What do you think? (Also, is this issue overly specific to Germany? I honestly don't know how these things are done other places.) submitted by...

My sister (50f), has no credit and a history of being evicted from any leases she’s ever had. They have lost two homes in the past few years, and a son that has a history of damaging property. Currently they’re being evicted this Friday, and are looking for another place to live. They just filled out an application, and it was rejected. Now they’re asking for me and my husband to cosign. Our biggest concern, is what happens if and when they get evicted for not paying rent. I’m struggling because this is family, and obviously we want to help, but we want to protect our credit and our asserts. They have indicated strongly to us that there is no risk on our part, and of course they will make the payments on time. The issue is, if they default on payments, then the bank will easily come after us instead. It’s important to note that my sister has no assets, and we have multiple. She’s made it very clear that they are upset with our decision, and the last text we received from them aft...

I'm thinking on buying the aceable pre licensing course and of course it requires an email. The thing i want to know is if it would be smart to use the same email for when I'm actually licensed and can start promoting myself. I also don't know if i should use the student email or transition to having my professional email for when i go to take the state/national real estate exam. I will join a brokerage but i won't have there company name in the email just in case i ever decide to switch. I won't have my own website with my own domain in the beginning phase of my career(why? Not quite educated on it and don't want to make a silly mistake) For example: Student email: JohnLeeRealtor@gmail.com Professional email: JohnLeeRealtor@gmail.com or a different type of email. submitted by /u/HappyEagle19 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v0tq6k/should_i_use_my_student_email_for_my_realtor/

On of the houses on my block has been boarded up and abandoned. Grass/weeds are chest high at this point. Is there some way I can perform routine maintenance and eventually claim it? This is in Washington state. submitted by /u/Popcorn_isnt_corn [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v0dxvl/legal_process_to_take_over_abandoned_house/

Looked at a house yesterday. On the market for four days. Super cute but needs a lot of updates (prob around $60,000 according to my contractor dad, who saw the house as well). The realtor had already fielded six offers, but the seller would only take "cash with no inspections." What might that mean? I doesn't sound good, but I am not that knowledgeable about real estate. submitted by /u/xfileluv [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v0d01j/what_are_reasons_for_cash_only_and_no_inspections/

Our closing is in about a couple of weeks and we have realized that our agent has miscommunicated what we want to the listing agent. We had clearly told our agent that a few specific items, aka, junk, be removed from the basement and yards. It so turns out that our agent had miscommunicated to the listing agent a few additional items such as an old bathroom vanity and cabinets should also be removed. That is incorrect. I discovered this during a conversation with our agent and immediately told this person to make sure the other items are not removed. Too late. Our agent forwarded an email from the seller’s agent that whatever he had removed was based on our requests. That is a lie. Our agent has goofed up. We have noticed this person is scatter-brained and yet because of a common acquaintance, we had gone ahead with her. It is too late to fire our agent. My SO is telling me those cabinets were old and we would have had to get rid of them anyway. I understand but what pisses me off i...

We are currently selling our house that does not have an HOA and buying a larger home. We have just put an offer in on a SFH off a golf course that has an HOA. We found a copy of HOA rules after submitting the offer (our agent believes it will be accepted) and saw that they have a 2 total pet limit in place. We have 2 Shiba Inu dogs and 3 strictly indoor cats with a love of window sitting. The pets are non-negotiable and I'm terrified of a neighborhood Karen. Anyone with HOA experience, how likely are they to grant approval for the 2 dogs and 3 cats? I can't in good conscience try to hide the fact that we have more than the "allowed" limit, so asking permission is the route we are going to try to take. We will have to back out of the contract due to HOA rules if we can't get approval. submitted by /u/aurzhi [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v0c0qq/buying_in_hoa_pet_limits/

Hello Reddit, FTHO here, need help with handling a local electrical company, who is being dishonest. They are threatening us with extra charges, failing to pay which, they'd like to place a lien on the home and complain to authorities about incorrect old wiring in the house. We would like to know our real liability if we refuse to pay the invoice. Also, what action can we take against the company? If you have been on either side of this scenario, would you especially please chime in? Context: We bought a 60s home. We signed a work order with this electrical company to upgrade the electricals in our kitchen and bathrooms, to bring them up to code with GFCI etc. While they agreed to a bunch of stuff verbally during pre-inspection (we wanted switches, breakers), their written quote with line items did not call out specifics. We moved ahead regardless, trusting their owner has been in the loop with us. On the day of the job, the owner and his electrician folk (journeyman and apprent...

Looking for honest answers: First time home buyer purchasing a new build in California scheduled to close in August. - Loan Estimate: https://imgur.com/a/zJE784x (~3,652$/month if picture cannot be accessed) ------ +88$/month HOA - Gross income: 150k - Put 5% down, and 3k earnest money deposit. - Credit score 800+ - 340$/month debt (gone after 30 months) ​ Am I being optimistic thinking I can afford this? I greatly appreciate any input that is given, and I thank you for the time. submitted by /u/KhounthiK [link] [comments] source https://www.reddit.com/r/RealEstate/comments/v05fkn/is_this_affordable_for_my_income_first_time_home/

The housing market in Denver (and surrounding metro area) right now seems insane. My husband and I are looking to buy our first home because we eventually want a family and are sick of paying rent, but are wondering if it’s even worth trying in this market? It seems you can either afford a small house in a less-than-desirable area, or a smaller townhome in a very desirable area. Neither seem like an amazing option, but is it foolish to check out of the market until it plateaus/pops? Any advice or thoughts are appreciated. Thanks in advance! submitted by /u/CivilRuggeri [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uzixa2/advice_wanted_buying_a_first_time_home_in_denver/

But I’ve read a couple of posts here of people saying they’ve locked in rates of 4.25 and 5’s for months and are still house shopping. My agent told me that’s not possible and you can’t lock in a rate until you’re under contract for a home. It’s important to know my agent knows/ referred me to my lender (yes, I’m pre approved). If it isn’t true and I CAN lock in a rate before I buy a home, why would she say that what is it of any benefit to her or my lender? I’m trying to figure this out before the rate hike that’s apparently about to happen beginning of June! FTHB here if you haven’t noticed! submitted by /u/yunis618 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uzjjb0/my_agent_told_me_i_cant_lock_in_a_rate_until_im/

There are loads of downloadable spreadsheets and templates out there and I'd like to know which one most people prefer. Also, is there an app/site which makes it really easy to compare listings from different sites in one go? It doesn't seem like it and I'm thinking perhaps I should build one..... submitted by /u/klavado [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uzi7uh/what_are_your_favourite_tools_hacks_for_comparing/

Sorry if this is the wrong subreddit. Context: We are in Los Angeles California. My family has owned a mixed use commercial building since the 70s and we are selling it to a tenant. We are then taking the money and exchanging it through a 1031 for a residential income property. Our listing agent was asked to also represent our tenant in the purchase as he wanted this to be as smooth and quick as possible. Our tenant/buyer is well qualified and has no issues getting approved for lending. He’s gone the route of chase bank taking on 50% of his loan through a conventional loan, 40% through SBA and 10% cash down. Chase has approved him, he’s released all contingencies and his EMD already and we’ve already found our upleg and are in escrow (ends on June 17). Here’s where things aren’t adding up. Our escrow for the building was supposed to close May 14th. The only thing that’s left is an authorization from SBA and then our buyer will enter loan docs and close in a couple days. We were tol...

Bought a condo a little over a year ago. All in 80k. Currently has assessments of 10k on the condo. I'm thinking about selling since I can't really pay the assessments. The Majority owners of HOA want to buy the unit for 90k but I would still have to pay assessments and closing costs. Current rent is $950. Condo has been a hassle but luckily taken over by new management so I'm hoping for a better future. It's probably the most updated condo in the community and probably not worth much over what they're offering ( highest condo sold for about 85k) Should I sell? submitted by /u/RestaurantExternal [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uyyccd/sell_or_keep_my_investment_condo/

Hopefully this is the right place to ask this -- My neighbors recently listed and I've been keeping an eye on the prices since the homes are generally all worth almost double what they were ~12 years ago, but this seems strange that the ownership went from the person to a trust in their name and then sold off to a LLC at a huge loss? https://i.imgur.com/uFxxeJb.png Is this what a cash purchase looks like where they just give them cash for their equity and pay off the bank separate to avoid fees? Or what is the deal here submitted by /u/OfficialVehx [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uyy6i8/wondering_what_is_going_on_with_ownership_on_a/

My current primary residence Im moving out of and renting. I want to pull the equity out to use as a down payment for next primary residence. This is in FL. Anyone know of a bank that will do equity pulls on investment properties. All Ive called say they dont. submitted by /u/trinitywindu [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uyxwtx/bank_needed_for_equity_pull_investment_property_fl/

My husband and I found a house we love near San Diego (first time home buyers). Our offer was accepted with a 45-day rent back. We have been told by the agents that our $50k lower offer was accepted by the sellers because of the rent back. The sellers had accepted an offer that walked away just before accepting our offer but assured us that this was related only to a small septic problem. They also had a title inspection done just before listing. Without any mention, it seemed that the property was encroaching: the garage was built within the setback. We also noticed that the garage wasn’t on any of the initial paperwork and that the permit eventually produced shows it built outside of the set back. When we asked for permits and about the driveway which looked to be encroaching, the sellers were so “shocked” and had “no idea” about these problems. They were able to produce an survey that “the neighbor happened to drop by because they saw the for sale sign” that was completed a year a...

Virginia if that matters. Over two months ago I closed a residential lease transaction where according to the MLS listing, our brokerage earned 25% of one months rent as the commission, about $1000. The agent I transacted with also is the broker of their firm. I have sent emails, calls, texts, and now as of yesterday had to loop my broker in to try and get paid. I am all out of ideas besides taking them to small claims court. What happens in a scenario like this? It’s an open and shut case, he even listed my information on the MLS listing as the agent who closed the deal with the payment structure RIGHT THERE. submitted by /u/ABrooksBrother [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uyxgd4/losing_agent_has_not_paid_commission_months_after/

How would it feel to have a home in your favourite holiday destination! Montgomery is no doubt vacationist's one of the most picked places to enjoy solo or with family. You can have all facilities that are necessary for families to reside in a city moreover to this Alabama has been leading in sports, arts and crafts, entertainment, intimating festivals to enjoy and much more reasons that whoever visits there wants a house permanently to enjoy a vibrant life. Aronov Realty comes in handy in offering beautifully facilitated Homes For Sale In Montgomery Alabama. Aronov has been a dependable name in real estate in other parts also, like Homes For Sale Prattville AL, You can visit their official website for more information. submitted by /u/windkimix888 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uywr1a/which_is_the_best_real_estate_in_usa/

I won my home in a divorce recently. My kids are out and it's way too large for me. It needs a lot of work. I currently have a roommate who covers mortgage for me. I'm wondering if it works be a good idea to sell and just live in an apartment until the housing bubble breaks and I can buy again, or if i should just focus on enjoying my low mortgage and fixing the place up submitted by /u/Educational_Dust_932 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uy7ant/wondering_if_i_should_sell_my_home_while_market/

We're going through underwriting for a mortgage and they've asked for a well and septic inspection. The seller had provided us their inspection reports, but they're from 9 months ago and the underwriter has asked for something more recent. We're obviously going to do it and I get why they want something more recent that the seller's reports, but it just seems like another hoop. Is this just one more "cross this off the list" item that we're paying for? I know we're going to have to do it, but it feels to me like it's another ask for something to check a box than the type of diligence they're doing with finances. In a state where inspectors aren't certified and there isn't a standard report or process, how would they verify the inspection is done and done right? Do they actually call the inspectors, or is it more of "okay, we got the report" and they move on? submitted by /u/soundedfurygjy [link] [comments] so...

submitted by /u/chairmanmyow [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uy6es8/what_do_i_need_to_know_about_the_condo_market_in/

Who at the bank would be responsible for this? Their Collection Manager is trying to deflect me and acts like she doesn't know what information would be required. My understanding is that by having the status of executor bequeathed upon me by the probating of the last Will and Testament of my father, and having had Letters Testimonial administered to me I have the right to this information concerning his loan. Can they can get it around by possibly being a small local bank that might administer fewer than 5k loans thus sneaking around the federal laws in question-- e.g. RESPA-- their loans are not Freddie Mac / Fannie Mae, not federally secured. Does anyone know of another law I can invoke here to force their hand to give me what I need? I need this because I could qualify for federal relief funds administered to the States for COVID related foreclosure relief, but without taking title to the property and mortgage I can not even be considered. As it stands I still owe legal fe...

Lithia Springs, 23 minutes from downtown Atlanta. House I'm buying is 358k in a good neighborhood on a conventional loan. The house is 2200 square feet 3 bed/3.5 bath and completely remodeled. We have a couple we know who is looking to rent/roomate and we are not sure what to charge in terms of rent. We expect utilities to be about 450/month with 4 people. They will have their own bathroom and room of course. Any ideas on how much to charge? submitted by /u/mogburn1998 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uy5tr0/how_much_to_charge_for_rent/

Edit: I specifically mean house plants. submitted by /u/Native_Outsider [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uy4ye9/are_plants_a_good_idea_for_staging_if_appealing/

Hi All, I am currently working on a school project analysing a few industries including Real Estate. I was hoping to hear any problems you have encountered during the buying/selling process of a residential property? (If you want, plz share in detail)! P.s all responses will be anonymous on my project Thanks submitted by /u/moneybuddiespodcast [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uy21dh/what_problems_have_you_faced_buyingselling_a/

I want to become a potential landlord. I am currently in the the pre planning stages of building an ADU. I am tossing around the idea of family only, airbnb and so forth. I am a little nervous to become a landlord because of the YouTube horror stories I see and some horror stories I have heard here and there. Is land lording generally all that unpleasant of an experience or are these ghost stories? The thing that gives me the most pause is the idea that since the landlord’s don’t make property improvements, the tenants don’t feel rent hikes are justified. What is wrong with carpet, formica countertops (as long as the structure is clean, safe and in good repair?). What are the best materials would you suggest I consider installing? I guess what I am asking is land-lording all that bad? What do you wish someone had told you before you got into being a landlord? Thanks submitted by /u/SeriesNew8600 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uxgh7...

Hi all, maybe a dumb question but I’m worried (to the point I haven’t slept) about the sale of my current home. We’re set to close tomorrow (I should preface by saying the house is being sold “as is”) but the buyers are doing final walk thru this morning. I was doing some final cleaning (removing nails from walls, command strips) and I’ve noticed a lot of scuffs from things hanging for the last 7 years as well as command strips stripping off the paint. If a buyer signs as is, is cosmetic stuff usually included or is that considered moving damage and we’re liable? In this market, if you were a buyer and buying one of the last remaining recently remodeled home for under $300k (houses in the area similar are being priced above $300k) would you really complain about nail holes and stripped paint? Especially when the house is 100% spotless otherwise. submitted by /u/WhichCan3947 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uxesaf/final_walk_thru_worrie...

Tittle says it all - looking for real estate listing websites in Russia or Ukraine. Apologies if subreddit rules have been broken. submitted by /u/manolove- [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uxdwip/looking_for_ukrainianrussian_real_estate_websites/

I got assigned this realtor from Condos.ca. He's pretty unprofessional but he says he has 12+ years experience in Toronto and really knows Toronto real estate. But the thing is, he doesn't own a car? Every session, he arrives in a different cheap rental car. Is this guy a bum or something? Is this guy super unsuccessful? Should I drop this guy? He's like in his 40s and has been a realtor for a long time... submitted by /u/IslandGirl21X [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uwqwzl/my_realtor_12_years_experience_doesnt_own_a_car/

submitted by /u/abverma189 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uwotqz/what_is_igrsup/

Assuming they agree of course. I would think that a surveyor would need to be involved as well as the local municipality, but I'm not sure exactly. State is WV if that matters. submitted by /u/JP297 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uwq2ko/what_do_i_need_to_do_to_buy_a_piece_of_my/

I have a situation where I moved into a new house and the home inspector pointed out it has aluminum wiring which was mitigated but they weren't sure if it was done properly. I went ahead and moved forward with the house purchase and had a licensed electrician come out and say it was not properly done and no licensed electrician would do it this way. This wasn't on the disclosure, probably because it was "mitigated" (although not correctly). My question is, do I have any recourse legally if something wasn't disclosed because it was "fixed" but the fix was not done to safety standards? submitted by /u/ravens40 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uwohs1/question_about_not_disclosing_something_because/

We put an offer in on a condo at asking price the day after it was listed. They were making a decision the next day. We were working on getting our preapproval, but delayed because our loan officer was out of the office for two days. The day of deciding on an offer, the seller’s real estate agent reached out to ours and really wanted a copy of our preapproval. That evening, they decided to extend their 5pm deadline to that evening, and then later on to the next day. We offered to waive our appraisal contingency but our offer remained the same. I assume they’re waiting to see if they receive another offer today, but I’m not sure. Their condo is outdated but in a good location and seemingly safer than the others we’ve toured. I am willing to offer more, but we will have to go in and spend around $20,000 to update the place. Should we offer more? Wait it out? This seems like our best option for a condo right now, but I think the seller may not have many other offers. I would just appr...

submitted by /u/Native_Outsider [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uwn2sy/your_prediction_for_next_month_will_mortgage/

Has anyone invested with Techvestor.com before? Curious about your experience submitted by /u/akantoword [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uwkeur/anyone_heard_of_techvestor/

What is up with listings that have broker compensation listed at 0%? Does that mean buyer pays their agents commission? These are not FSBO listings (listed by local agents). submitted by /u/greenerdoc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvzx6o/listings_with_broker_compensation_0/

trying to sell my place - cabinets and exterior doors painted a month ago, roof, floor, windows replaced less than 2 years old, fence less than 1 year old, walls painted a little over 2 years ago. my neighbor with same exact floor plan just put on the market for 10k less, but their roof, floor, windows, fence, etc are all older. my realtor wants us to price match. does that make sense? i understand the gut concern that people will go for the 10k less house if they are both comparable, but mine has more recent upgrades and modern aesthetic. submitted by /u/imwstupid [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvz1xs/neighbor_selling_house_for_10k_less/

Hey Everyone, we’re looking at a new build. It’s located in on the coast of the Carolina’s. It’s in a PUD with about 400 homes planned on over 700 acres of property. The only thing that has me worried is that each home will be on its own individual septic system. It’s the only PUD in the area that will be on septic. The reason for this, this is what the builder said, is that the development could not get approval to put the public sewer infrastructure in because half the 700 acres is “conservation land”—so they had to go with the septic tanks. All lots are over .5 acres. Should I be worried at all? Just not familiar with septic tanks, and didn’t know if having a large community all on their own individual septic tank is problematic? Thanks! submitted by /u/botchjob69 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvxdnl/pud_with_septic/

So we found a house for sale that we liked. It went off the market a day after it was listed, the owners new house purchase fell through. I'm wondering if this is a good opportunity to go for an off-market deal. We are in no hurry, we would wait for them to find their new home and they would have a guranteed competitive offer. Is this something we should go for in this circumstance? submitted by /u/mogburn1998 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvx7h9/considering_offering_on_offmarket_home/

submitted by /u/stumbrasdenver [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvv5ww/twothirds_of_millennials_likely_to_buy_home_in/

My grandson is trying to buy a house with an FHA loan and his relator keeps telling him that they have to check to see if it's qualified, wouldn't an experienced realtor already know? submitted by /u/Tess_Mac [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvulxz/wouldnt_a_realtor_know_if_a_house_is_fha_qualified/

Been reading about tokenisation for a bit and was curious how it would work and how it would affect renting out properties. submitted by /u/gallectus432 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvtvfs/how_will_blockchains_affect_real_estate/

So, I understand the basic concept of zoning and if it's R30 here (central NC), it would be 1.45du/acre. I don't understand how that's calculated, though. Maybe I'm overthinking it? But if there's a half acre available... you would build a house on it and be over the zoning because you'd have 1du on .5 acre and be over the .725 allowed for half an acre since 1 acre is allowed 1.45. Or is it calculated by the block? If a block is 4 acres, it can only have a max of 5.8du on it? Can someone explain this like I'm five, please? submitted by /u/einbierbitte [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvbpl5/calculating_zoning/

Here in the Triangle area of North Carolina most new homes that are being built are on small zero lot line lots. (Usually 4000-5000 square feet). The house and the driveway take up about 80% of the lot. There is basically no room for trees, bushes, and flowers. They call it the new urbanism (in a suburban or small-town setting.) Historically in suburban settings homes that were built from 1950-to 2000 were on one-quarter acre lots (10,000 square feet). Though in recent years the lots of gotten small and some cities, like Portland Oregon, will not allow homes to be built on lots bigger than 5000 square feet. If you were to purchase a single-family detached home what is the perfect lot size? submitted by /u/BunChargum [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uvaspp/what_is_the_perfect_lot_size_for_a_singlefamily/

Hello all! I am executor of the estate for my uncle who passed. The only asset he had was his house in small town Ohio. House is dirty, needs bathrooms deep cleaned, needs everything to be thrown out, needs new carpeting and to be painted; I will not be doing this or hiring to do this as he has no money in the estate to pay for it, I'm going to sell the house as is. I met with a real estate agent who looked through the house; said it had good bones, updated windows, good kitchen, waterproofed basement(?) new heater and told me the Zestimate of 135k isn't right and according to some other real estate website the closer estimate is at 104k. Then proceeded to tell me that he sold a house in a similar condition (of being dirty) for 35k "in the area". And that he sold a house similar in size to my uncle's that had been fully updated and ready to go for 130k. Told me he can probably sell the house for a "a little more" than 35k because it's a nicer n...

submitted by /u/moonlightfazed [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uv7xt9/will_a_mortgage_lender_andor_underwriter_contact/

I will be living in London for 2 years and then moving. I will spend 20k on rent over this time. I could buy a studio flat that will be very small and live by myself. This would save me rent. Or i could find a shared flat to rent. I dont know anyone and so would be living with strangers but it could be a nice way to make friends. I move in two months so would need to live in temporary accommodation for a bit while i find a place to buy. submitted by /u/Artistic_Squirrel684 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uv6n0c/buy_a_studio_or_rent_with_friends/

Long story short our taxes went up because I was added to the home title so taxes got assesed to new property value in California. If home prices drop surely my taxes will get lowered right? Right... submitted by /u/treloy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uv5r1h/will_my_taxes_lower_if_home_prices_drop/

Sellers starting to sweat about fewer buyers in the future it seems. https://www.zillow.com/homedetails/104-Choptank-Ct-UNIT-A2-Cary-NC-27513/132150620_zpid/ submitted by /u/Hairbear1995 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uv4vza/condo_just_listed_but_being_rented_for_the_next/

We're looking at a property that is about 1500 feet from a major highway. There is a house, street, another house, and a green belt inbetween the highway and the home. The result is a low consistent hum in the background with more specific traffic noises at rush hour. You can not hear it inside the home. But, it has an amazing serene yard and I want to be able sit out and enjoy it. I think if I were playing music low in the background it would drown it out. Thus is a high-end home is a nice neighborhood. Part of the appeal is it's easier commute because of its proximity to the highway. For people in simular homes, will I get used to it? How much will this affect resale? In this hot market the home is getting multiple offers. submitted by /u/AdventurousLoad8578 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uukgl8/is_a_little_road_noise_outside_ok/

We are shopping for a home in a very competitive market. We are looking at high end homes at around the $1 million mark. In this state it has become common practice to put down large amounts of due diligence money to make your offer stand out and hopefully win. In our price point that's $50-$100 thousand. If you walk away from the deal, FOR ANY REASON, they get to keep that money. So, I paid an inspector to walk through the home to look for issues. This is not a formal inspection, that happens after you put down your due diligence money. He found around $50 thousand dollars worth of issues that were not disclosed. Most of them are things the home owner could claim on their insurance, but if we buy the home we can not because they will predate our ownership of the property. We really like the home and still want to put in an offer. Our agent doesn't want to tell the listing agent about the issues because then "They'll have to disclose that information to the other b...

So this might be a stupid question but I really don't know much about the real estate economy or economics in general. All I know is that unless housing prices drop to a fraction of what they are now or my industry gets a major pay bump I will never own a home. So basically I was wondering if there's any world in which housing prices fall dramatically (like in the hundreds of thousands) and the economy doesn't collapse. Is there any way that houses become super affordable and easy to buy and the lives of average Americans aren't really affected? Obviously a major downsize would be that current home owners would loose a lot on their investments. Could that be helped by remortgaging or something similar? I just don't really understand how houses are just expected to keep going up and up and are never allowed to go down. submitted by /u/CatEmoji123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uuhkdy/is_there_a_world_where_housin...

Closing on a house in July. Previous owner just replaced main area floors with a very attractive engineered hard wood. Since it just happened, I can get the exact same wood to replace the bedroom carpet. I would actually also use the same contractor. It will cost 18k for 5 bedrooms. I can't say for sure how long I will be in the house. Should I do this? submitted by /u/Luscious-Grass [link] [comments] source https://www.reddit.com/r/RealEstate/comments/utvz4w/replacing_bedroom_carpet_with_hardwood_would_you/

Im looking to pull my fico 2,4,5 before applying for a mortgage. I think myfico may have all 3 but im having an issue with them charging me for a subscription and not updating or giving alerts even with a new account added and balance being paid in full. All other services have alerted me even the free ones but they dont show 2,4,5. I have also seen threads regarding myfico going months without updating on their subscription plans. submitted by /u/Anonymous8630 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/utumle/whats_the_best_way_to_pull_fico_245/

submitted by /u/asdrpointless [link] [comments] source https://www.reddit.com/r/RealEstate/comments/utu0fx/if_a_cosigner_dies_before_the_closing_date_on_a/

Scenario: I’m currently under contract with a builder and rate locked around 4% for the year with a VA loan. Question: Hypothetically, if the market were to crash and the appraisals tank, does anyone think these builders would negotiate lower purchase prices (already under contract) to match appraisal values in a tanked market? I figured if it’s a volume of folks dropping out they’d be forced to? Wondering if anyone has this scenario in the 08 crash. submitted by /u/Morizzy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/uttgua/new_construction_w_va_loan_appraisal_addendum/

I inherited a property in a developing country (Brazil) about 3 years ago which is currently being rented out. I depend on the rent to pay for my grandmother's care home and although I still have to top up her bank account with my own money it helps with the majority of the expenses.. The lease is running out early next year. Last time it was empty it took me over a year to find a new tenant. I had to pay for the apartment complex fees, which are quite a bit (for 24/7 security guards, pool etc.) , but also for my grandmother's care. I have tried to ask the current tenant if she is interested in renewing her contract for another 30 months (standard in BR) once this one runs out but she has not been able to tell me...I am thinking of putting said apartment on the market now but I am worried it might want to make the current tenant leave prematurely...if I don't do this now however, current tenant might still leave at beginning of the year and I will have to pay for everyth...

Sorry I really just need help from someone who knows more about this, or please point me in the right direction. My girlfriend went to a mortgage broker for a pre-approval, she has a job on contract but has passed 1 year of employment with them. She told my girlfriend she has a credit rating of 675 (apparently it was 680 before the hard check) she then said CMHC requires a credit rating of 680. However the mortgage broker sent her a pre-approval that doesn't have any interest rate stated on it and was conditional based on improved credit score. I asked some questions about if there was anything else we could do as her bank only updates credit scores every 3 months and we didn't want to wait. She said she spoke to another lender and it's case by case but if we can get a seller to accept our offer based on condition of financing that she will get it done for us. Does this all seem ok, should we trust that and try to look at and offer on houses right now? Thank you for a...

If you are looking for hоuse fоr sаle lakeridge regina then our team can help you in finding the best one. Lаkeridge is а diverse аreа оffering multi-unit dwellings аnd single fаmily hоmes сleverly соnstruсted tо mаke the best use оf the аreаs аmenities аnd feаtures. submitted by /u/No_Huckleberry_9621 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/utovvo/hоuse_fоr_sаle_lakeridge_regina/

Has anyone used the rental income from a duplex/triplex/quadplex from a house hack you were looking to buy, to get preapproved for more? Does this only apply for FHA financing? Or are there conventional lenders who do this too? submitted by /u/camhacksfi [link] [comments] source https://www.reddit.com/r/RealEstate/comments/utjw99/using_rental_income_from_mfu_to_qualify_for_more/

What are some long term problems to expect down the road? The problems people usually run into after everything was said and done. submitted by /u/Itchy-Connection-603 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ut2wtl/complete_newbie_to_real_estate_what_are_the_pros/

I know house prices have gotten insane all over the country but in your area is it still possible to get a decent starter home (single story, 3bath, 2 bed, at least 1800 sq ft) for around $360k? By decent I mean in a safe community and not needing to be gutted, maybe just needing new paint and carpet at the most. If so, where? submitted by /u/Celcius_87 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ut0is8/starter_houses_for_360k/

Hi all, we had an uncle help us out buy a house a few months ago by lending some money to help with the deposit. One of the conditions from the bank to allow the loan was that all parties (Me, my wife, and her uncle(lender)) sign a " Deed of acknowledgement of debt" . This document was provided by the bank and we just had to sign them. Its pretty short, and below is a copy/paste of what the "Deed of acknowledgement of debt" contains. The lender has advanced to the borrower/s the sum of $xxxx. Some of the advance will be used by the borrower/s to purchase a property. This is a record that the borrower/s acknowledges this advance. The borrower/s agree to repay the advance if the property is sold. The lender makes this advance interest free with no repayments and will not be pacing a mortgage against the title. Fast forward 2 months later, we are now living in this new house, the uncle now comes with a new contract for us to sign...which effectively states (amon...

Our open house is scheduled for this weekend. There is a high probability of thunderstorms during the open house, plus the stock market tanked yesterday. The following weekend is a holiday weekend so it doesn’t make sense to push it back (listing goes out tomorrow). Waiting to hear from our realtor, but in the interim curious to see what Reddit says. submitted by /u/BigNutzWow [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ut09r5/thunderstorms_during_open_house/

Just moved into a new house and received a letter for an "Exterior Water Service Line Coverage" from HomeServe as a CALWATER customer. The letter states that the exterior of this water line is not covered home insurance and in case of a breakage it would cost thousands of dollars. The cost is 6.99$/month (3.50/month for the first year) and coverage is up to 12k/year. One concerning remark in the letter is also "The service line beyond the meter box may be an additional responsibility of the homeowner, but it is not included in this coverage". What are the odds that such a line breaks, in say 20 years? A "Replace water service line 26-100ft" is listed as $2661. It would take me ~30years to break even. In other words, if the chances are high that the line breaks in less than 30 years I am better off with this insurance. If this is less likely (as far as I know sewer lines are good for 100+ years) I'd be better off saving these monthly costs. This c...

I've been trying to sell my property in an exotic location and it occurred to me that I don't see a lot of outside investment that people in the US could easily afford. This includes beach and lake view estates that start from as little as $10,000. I'm thinking of setting up a business where I can market these properties either as holiday homes or business investments. For the sort of prices US citizens pay, I think this is a great opportunity, especially if I can reach out to people looking for great investments. These properties will be worth several times their worth in the next few years and it would be interesting to see how the future can be shaped based on these investments. If anyone is interested please reach out. submitted by /u/Outrageous_Cap_6186 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/usybxo/anyone_interested_in_property_overseas/

Prospective tenant is willing to pay x3 the normal rent for 1 months stay and in all cash. Is this a red flag? They're visiting from Saudi so I wonder if this is the norm. Anyone had experience with this kind of situation? submitted by /u/Immediate-Albatross7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/us6vog/tenant_wants_to_pay_upfront_in_cash_only/

MOD's please delete if not allowed, as I'm new here looking for some help. ​ Need help or input on a negotiating tactic I have in mind Summary: Listed house and got an above ask Septic inspection failed and reported - so a black mark on the listing/property now if we relist Contingencies: buyers waived all contingencies other than an addendum for Septic (which was just an addendum to mention they could be onsite during inspection) -- Kicker: their earnest converted to us and is deposited Our thinking and counter offer ( "negotiation tactic" ) to anything they come back with after their inspection is: Wondering if they are trying to back-out due to market conditions or to try to use issue as leverage (thinking they'll get their earnest back - we don't meet the buyer ever so we don't know if they understand this point) Completely new septic shouldn't cost more than lets say $40k Offer: Some negligible amount off original offer + Cash for...

TLDR; I make a good salary and want to relocate from Seattle to Austin, TX to buy/rent out a house. Looking for advice mainly on how to be smart about living in/renting out the same place and keep myself legally protected. I am interested in buying a house soon as my primary residence and renting out the other rooms to help with the mortgage. I thought this sub would be a good place to ask for advice. Some background: I'm a software engineer at a big tech company currently working and renting in Seattle. I have about $100K worth of cash and stocks with a pretty good compensation (six figure base salary plus RSUs and sign on bonuses for 2 years). Even with good comp, houses in Seattle seem completely unattainable. My boss is ok with me relocating to Austin, Texas and working remotely for the team since the company also has headquarters there. Housing is still expensive in Austin but it looks like there is still plenty of housing there in the 300-400K range which definitely seems ...

I'm in a suburb in the bay area known for lots of soil movement and the usual cracks and what not in the house as a result. Have been getting by for the last few years with jacks under the house, but just got an inspection from an underpinning company and upon surveying the house, he determined the whole house needs to be supported by piers. The cost will be $100k. It's as bad as 4-6 inches of unevenness on the perimeter of the house. Definitely was shocked by this amount and kind of unsure of what to do at this point. The house has went up in value, being the bay area and having bought it in 2014, but I do worry about the value of the house and now especially that it has to be disclosed. I'm also unsure of when to address this, I'd like to say asap, but it's hard to come up with that kind of money all of a sudden. Any tips on how to approach this? Was thinking of taking a heloc or construction loan. With the state of the market and cost of building materials, do...

Just starting out as a wholesaler, any tips? submitted by /u/daybreeshy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/urkuk4/beginner/

We sold our home to OpenDoor last month. We closed at the end of the month. They charged us 20k for repairs. I asked for an itemized list but she said they didn't do that. She said all she could see was the repair "notes". She said foundation repair was the bulk of the charge. The house did need about 7-9k done in foundation work. She said the rest was minor HVAC maintenance, re doing the flooring and fresh paint. We were so ready to get out and have two huskies and two toddlers. I figured what we lost by selling with open door, as opposed to the market, was well worth the trouble it would save us from going through. BUT, the house was relisted 10 days later with fresh paint and new carpet. The only carpet was in the bedrooms. The rest of the home is laminate and it hasn't been touched. Who's to say about the HVAC maintenance. But who cares. The biggest thing is, they didn't repair the foundation. We live in the dfw metroplex and see houses in person and on ...

So I'm in the home buying process I already sent my earnest money over to the escrow via wire. Since it's currently in the middle of the month I don't have a statement that shows it clearing my account. Is there something I'm supposed to ask for particularly from my bank I use Capital One and so far it hasn't been going well. This was the message of Chase bank sent me (*Earnest Money Deposit Clearing Bank Account | If your earnest money deposit check has cleared your bank account, provide a 30 day account history prior to the date it cleared. The statement must show the check clearing your account and include your name, bank name, account number, dates, beginning and ending balance, and all transactions. Online statements must contain a valid website address for the bank. After Review, additional documentation may be requested. ") It's kind of little hiccups really stress me out. When I last call Capital One representative was very confused about what I wa...

They seem similar and im struggling to understand the difference between the two. Sincerely, a confused student. submitted by /u/snetloc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/urhzz9/is_there_a_difference_between_a_trust_deed_and_a/