We live in Ohio and are tired of getting outbid on houses. Has anyone used one of those programs that approve you to offer cash but later refinance into a mortgage? An example of this is Accept inc and Homeward, but they are not offered in Ohio. Our loan will be an FHA loan. submitted by /u/Kooky_Role6904 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wcp18e/anyone_use_a_cash_offer_program_in_ohio/

We are looking at properties right now, and found one that we love the layout of but the listing states that it has "possible foundation issues" which, imo, would not be in the listing if there was not a guarantee of foundation issues. The house has sat on the market for 4 months. A Google search tells me that fixing foundation issues costs an average of about 2k-7k, which seems suspiciously cheap. Especially considering that this is one of the big red flags I've always heard about, even when buying a fixer upper I've always heard to make sure the foundation is good... but if it truly costs less than 10k to fix, why would it be an issue? Can someone ELI5 what would make this an easy fix vs a very costly money pit? We are leaning towards avoiding this property all together, but if we have enough room in the budget to get a Licensed professional out there to fix it, we don't want to miss what could be a good opportunity. submitted by /u/LotusLizz [link]

If it is the same amount of work for a realtor if the house is $600k or $300k, how do I explain to the client why the commission doubles for the $600k house? Should I just threaten my client to say that buyer agents will refuse to let their clients view the home unless you pay them the maximum 3% commission they demand? submitted by /u/phonyToughCrayBrave [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wcmhzv/what_do_i_say_if_a_client_asks_me_why_a_600k/

First off, I apologize if this is the wrong place for this sort of post, if there's a better place for something of this nature I would very much appreciate a heads up. However, I digress. Essentially, I'm just wondering how one might go about buying land in the middle of nowhere. I'm talking middle of the woods, no utilities, maybe dirt road access. Would a local realtor be able to help me out? Or would I be better off looking to the BLM? I'm not looking to buy much, I just want it to be someplace I can go to be totally off the grid and relax while totally engulfed in nature. Any leads or advice would likewise be much appreciated. submitted by /u/RandomPosterOfLegend [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wcjplu/how_to_buy_land_in_the_middle_of_nowhere/

So, I’m not a licensed agent yet, and this takes place in Ga. I’m currently in a position where I can connect a buyer to a brokerage that is selling a property and I’m not sure, but I think I can charge a broker for this, but I don’t know how much to charge, whether it’s a flat fee, a percentage of the commission, or what. I would really love some help and suggestions so I can get the best deal for myself. The buyer has told me he wouldn’t be interested in going into contract unless it stated I get something out of it. submitted by /u/Academic-Ad6909 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wcj9lc/real_estate_transaction/

How does everyone feel about selling and buying right now? Likes what’s y’all’s opinions on the market? I have my personal opinions on the fluctuations and what not. Spoke with a realtor and for some reason I feel like they’re wrong but I am not sure, they told me that houses are still selling over market price. I do like in Fort Worth, Texas btw. Just need some advice since we’ve been thinking about moving. submitted by /u/helllkkdkdododo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wcj37j/buyingselling/

I just got an offer on my condo in San Diego 92117. It is slightly lower than I wanted but with the changing market conditions it seems fair. Since I am selling my condo to get funds to put a down on a house I asked for rentback and they gave me 1-29 days after close of escrow. So this is the part that worries me. I basically have to find a house that I like and close on it within 2 months. To me it seems very likely that I will have to move twice unless I find something very quickly. There is more inventory popping up lately in some of the central areas in sd but it seems like for my price range (<900000) it is still challenging to find a place that is turnkey (clairemont, mira mesa, serra mesa). Can you guys quantify the risk that I am taking is it big and unnecessary, or is this just a normal part of dual transactions. submitted by /u/kmart2k1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wciigb/offer_with_rentback/

Our (seller) roof is about a year old. The buyer’s agent ordered a roof inspector as well as a regular home inspector. We thought it was odd but whatever, go ham, inspect away. The roof inspection ended up saving us aggravation though. I was home during the roof inspection, and right under where the damage was later found. I didn’t hear anything odd, just the roof inspector walking around while he took pictures. His report says the roof is in good condition. The home inspection was less than 24 hours later. His roof pics show a really different situation where a hole had been kicked into a boot, which was shattered around a roof penetration point. He then put that in his report as the first issue. To her credit, the seller’s agent compared the photos and alerted our agent to the hinky situation. She says the roof inspector is surprised to say the least. She says she’s perplexed because this was her preferred home inspector. (We sent photos to our roofer, who said he’d never seen an

Is this a normal occurrence in today’s market.? I know the realtor sees days are working extra hard to close deals and I really like my realtor but is it 16% asking too much ? submitted by /u/Financial_Age384 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wbwe6g/my_realist_wants_16_percent_compensation_to/

Google "South Park Tesla" for the phrases, or for the full episode Google "southpark giving real estate a try". Realtors will enjoy this fun episode! In this episode, fleeing the city home shoppers all repeat the same few phrases. Tesla. Macbook. La Croix. Cortado. Pilates. Bottle of water. Metal bottle of water. And the kids only say "wifi?" But seriously, but what have realtors noticed about the city folks they've interacted with? Is there anything to be learned from this data in your mental database of life experience? ​ submitted by /u/profligateclarity [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wbvpi5/media_tv_depiction_of_city_folks_who_fled_the/

We put a house under contract the other day. We are in the option period. I went to zillow and other sites, and it looks like they pulled the house off the market. I just thought that was odd. Usually houses that go unde4 contract but have not sold stay listed. What would be the reason they(the sellers) pull the house from the market? This is a far from done slam dunk close. Just curious. submitted by /u/handdown76 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wbu2xw/house_under_contract_removed_from_market/

About to finish my pre-licensing course. I'm 19 and already a year deep into college but I hate it. Real estate is my passion, I pay for my college expenses and car, but live with my family, they would kick me out if I were to drop out and pursue real estate. I can just barely pay for all my expenses, having little to no spare money to do anything fun, and can not pay for a place to stay if I were kicked out. My family does not lack income to support my dreams but wants me to grow up too fast in my opinion. I pay for everything even coming down to my own food and toilet paper... Between working full time, being a full-time student, and learning real estate I'm super overwhelmed. I understand my parents want me to have a degree as a safety net, but I cannot juggle everything as I will admit I was spoiled up until the day I turned 18 where all my support was cut off without warning. What should I do? submitted by /u/ItsCreeperFab [link] [comments] source https://w

...if they tell you that there are 213,759 licensed realtors in Florida and a prospective home buyer should find one that is willing to work for that flat fee amount. What do you say? How do you convince them to pay 3% instead? submitted by /u/phonyToughCrayBrave [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wbssu7/what_would_you_do_if_a_seller_was_only_willing_to/

If you buy a messed-up foreclosure, and spend some money fixing it up... does that change the basis? ​ E.g.: You buy an abandoned foreclosure for $100k. It's messed up. All the plumbing, etc. needs to be replaced. So, (say) you spend $20k fixing it up. Then, you sell it for $150k. Did you make a $50k profit on it or a $30k profit on it? How to convince the IRS that you only made a $30k profit on it? submitted by /u/another_lease [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wbr7va/if_you_buy_a_messedup_foreclosure_and_spend_some/

Just curious how many of you were withdrawing from the market due to worry about losing job or actually losing jobs. My spouse got laid off today. It came as a big shock as just like every one, we thought our job is pretty stable/safe. We have heard from friends/connections got laid off 2 months back. And more recently. It feels so real now being part of them. Part of us feel lucky we didn’t buy as we could seek opportunities anywhere else. submitted by /u/Various-Bar-3223 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wax9au/layoff/

I’m working with a farmer neighbor hoping he will grant me right of way on his property so I can have overhead power lines installed to power my new construction home next door The farmland is about 70 acres. Valued at approx $750,000. Vacant land with an outbuilding. The right of way I need would be approx 30ft wide by about 400’ long through brush and some woods (would be cleared for electric poles to be installed and maintained by power co) There’s approximately 1500’ or so of power lines already running through the property going to a couple other neighboring buildings and homes. I would just be looking to “build” a 400’ leg off existing lines He’s a pretty fair guy. He’s asking if I have a compensation dollar amount in mind $$$ In no way would this impede his business, or privacy , or access to the property. Actually the right of way would run tight to the property line (in a no building “setback” zone anyway) I can’t see there being any real diminished value to the property

How do I find out what a certain market will be in June 2023? Will the prices be lower than they are today? I found research that said they would go down but it didnt say what time period they were talking about and what they were comparing it to. For example, if they are going down and will be lower in January, lower than they are today but then they would go back up and end up being the same price as they are today in June 2023 then when they say "prices are going down" that doesnt really answer what I'm looking for. What I'm looking for is the answer to my question of will the prices likely be lower in June 2023 compared to prices today July 2022? Or will they be about the same comparing July 2022 to June 2023? submitted by /u/illjustbemyself [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wb0aug/what_are_the_price_predictions_for_next_summer_i/

Hello, House has been on the market for a little over a month now after having one contract fall through due to an inspection contingency. Nothing wrong with the house, pretty sure the buyer realized the house was 5 miles down a dirt road and backed out. Boo hoo. Buyer viewed the house virtually and first time seeing house was during inspection. Anyways, new offers are coming in. One offer is contingent on the sale of their home, and they are stating that all contingencies have been met on their deal and everything is moving forward. Is it reasonable to ask for proof of contingencies being met? I.e. copy of their contract, bills of work being done, proof of financing of their buyer, etc. My realtor seems reluctant to do so, or I’m at-least getting this impression by lack of communication towards the request. Appreciate any thoughts, thank you submitted by /u/heatedsnowflake [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wayn6j/vt_buyers_offer_con

Right around mid 2021 when we all started getting vaccinated, my wife and decided "Since I only need a computer to work, and COVID made WFH possible, let's travel and consider moving!" So we took 3 or 4 work/vacations across the country. I would work during the week on my computer but the weekends we would visit open houses $100k+ less than the price that I'm used to seeing in my home state. Also, I shared contact info with a number of realtors across our 3 or 4 chosen cities to potentially relocate. Then in 2022, and after some thought and consideration, my wife and I decided to move and rent in our chosen city and decide to rent so that we can truly decide if we would want to buy a home there. Now, about two weeks after moving to the chosen city, I get a text on my phone (I paraphrase): "Hi Scud000, it's me the realtor from last year. I remember you mentioning you're looking to potentially considering moving to this city among others as you can WFH.

After looking for months for a home we found the perfect house for us. The seller accepted our offer but with the contingency that if appraisal comes in high, whatever it is, we pay 10k more. I know usually high appraisal is your lucky day but in our case it's not. Has anyone ever heard of this before? I'm also upset now because I'm reading that you don't even legally need to tell the seller what appraisal came back at, but now we've fucked ourselves over if we signed a contract basically saying we need to tell them because we'll owe them 10k. As for low appraisal, the contingency is that if it comes in low, we'll pay 10k. That's it. So even if it comes in really low, we only pay 10k and they adjust their selling price. So in our case low appraisal might be our lucky day. Very odd situation. submitted by /u/Heyhihello04 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/waefk3/seller_would_only_accept_our_offer_if_we_ag

I’m 17 and at 18 I have hopes of owning my first rental property, ofcourse I know it won’t be that simple. Regardless I need help finding material to study. I want to learn about not only rentals but real estate as a whole but I don’t know where to start. submitted by /u/North-Culture5807 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wae9md/where_to_begin/

Anyone have any fundamentals on buying in areas primarily populated by tourist short term rentals and retirees? Not quite the boonies, near major metroes, but still trending older and / or transient. Think mountains, coastal areas near mid size cities, etc. An example question is something like: if someone pulled the trigger now, are there enough well off retirees up and coming to buy at or above the (current) 50% price increase on homes in that area? submitted by /u/fwifo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wae3u4/buying_in_a_place_primarily_composed_of_retirees/

Hi all, quick question. Home prices increased because of low interest rates now interest rates are going up, let’s say 500k house doesn’t worth 500k anymore, will people end up selling short sales if they want to sell unless they want to keep their house and enjoy low interest payments? submitted by /u/elimelis [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wad89m/home_prices/

2nd quarter of decline in GFP today which is a signal of recession. So what do y'all think? submitted by /u/Mr_Locke [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wa9p79/with_the_us_almost_being_in_a_recession_what_do/

Hello, There is a piece of land nearby my home where I could build approximately 20-25 homes. It’s currently destined to be agricultural land however my country is in dire need for new home. Does anyone have experience with purchasing a piece of land and building houses on it? Especially the financial part of it. If so, what are the best tips you could give me. I’m from The Netherlands. submitted by /u/Hamadryaden [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wa8jam/purchasing_land_and_constructing_houses_on_it/

Thank you. submitted by /u/plentyplenty20 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wa56e5/we_want_to_sell_a_home_but_we_just_leased_to_uni/

You need to make an effort to educate yourself in economics. Look… I know this isn’t an Econ subreddit. I know the vast majority of people haven’t even gotten past an intro to Econ class (if that). But if you’re going to be investing in real estate, confidently peddling market advice, or most importantly REPRESENTING BUYERS/SELLERS, please at least make an EFFORT to educate yourself on the basics of economics. Some basics you should know: 1) MBS (Mortgage Backed Securities) Markets 2) The Federal Reserve, and it’s role in those markets 3) Interest Rates, and what affects them 4) Inflation, and how it works 5) Supply/Demand in major markets 6) Basic economic history and politics (it’s really not that hard to look up) Some more complicated things: 1) Bond markets (a proxy for supply & demand of money, of which MBS are a small part of) 2) Local, national, and international RE markets 3) Geopolitics and cyclical policy YESSS I understand there’s no barrier to entry here b

Hey agents, I am a real estate agent in CALI and recently I have been meeting a lot of wholesalers. I didn't think much of them however when I finally sat down to talk to one in particular, I was a bit intrigued that they are able to get accurate values for the homes/properties they put under contract. Since Zillow and Redfin are notoriously wrong with their valuation as every home has different characteristics, this is where RE Agents come in. RE agents's jobs are to be experts in real estate valuation and to price a property so they can move real estate (including navigation of lengthly disclosures and contracts) So I inquired as to how he was able to get his valuations... He says he uses *Redacted site*.. I went and looked into this site and for $99 a month, any person can have pretty much all the information a LICENSED real estate agent has including ownership info, phone numbers, mortgage...etc.. Here is the confusion... as you may know, Real Estate agents are under s

the contract states that the home buyers have the right to back out of the deal until they get a copy of the signed cancellation (previous buyers also backed out of the deal). home buyers canceled the deal because they discovered the disclosure was inaccurate, they requested the home sellers to update the disclosure with accurate information, and the home sellers responded by refusing to give the buyers a final walk through until they agreed to sign off on the fraudulent disclosure. the agent was a dual agent siding with the sellers the entire time. the home buyers never received a copy of the signed cancelation, did they have the right to back out of the deal? sellers are claiming buyers canceled the deal prior to closing and they are not giving the buyer's their earnest money back and have claimed they want 88.89% of the earnest money or else they're not willing to release it. they are also claiming it is the buyer's fault that their home got sold to someone else afterw

Boise Austin Las Vegas Phoenix Salt Lake City These are typically talked about on YouTube as the main cities that will CRASH what do you think? submitted by /u/Imbetterthanyou2022 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w97ikw/what_western_city_will_collapse_first/

I’m selling the home I grew up in because it’s too much just for me. It is an older home with a couple of minor issues and not much has been updated. I don’t have the time or money to address those things much less anything coming from an actual inspection. I thought shopping around for cash buyers and selling as-is would be the easy route to go instead of listing it. It has been a nightmare! I’m on my 5th contract. Seems like these companies are either shady or incompetent. I know this will be a project with a lower profit margin but I thought there would be takers that buy in such bulk. Am I looking for a unicorn that doesn’t exist? Should I just go ahead and list it? 1st buyer - Claimed they were scared off by a water leak issue in a back storage room in the basement. I countered with an assessment and quote from an experienced foundation expert and then they claimed they didn’t have any investors interested in that area anymore. 2nd buyer - Claimed basement kitchen wasn’t to co

Last year I bought a really nice plot of land (half acre) in an unincorporated area that I'm planning on building a house on. The property has about 75 trees that range in type and size. In total I have roughly 25+ full cords of wood on the property. I am a young single man and I only want to build something very small to keep my cost down and I don't need very much space. I'm thinking between 500-700 square feet is the range I want. My friend mentioned to me today that I would probably be in really good shape and save money if I were to have someone turn those trees into planks/boards to build my house with. I'm even open to a log cabin style thing. Seeing as I already own the land outright and am trying to keep the cost of my mortgage as low as possible, would this be a good idea? Can I really save significantly if I were to do this? submitted by /u/foggyhead93 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w8g35i/would_i_save_mo

I was unexpectedly laid off today. Here’s where things stand: Accepted an offer last week on the sale of our current home, currently in escrow Under contract for a new construction house that is our dream home but not expected to be done until December/January - have already paid builder and design/electrical/plumbing upgrade deposits Conditionally approved for new construction loan based on my income which I now no longer have What are my options? We really want to keep the new house if we can. Do I talk to my lender? I work in tech so there’s a good chance I can find employment soon. Appreciate any thoughts. submitted by /u/baummer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w8cw87/just_got_laid_off/

Well to begin with, I moved to the US when I was 19 and got a job in a factory. Worked there for 20 years, but I was buying and renting out homes on the side, Just because I loved construction. I did it as a hobby, I was doing about 2-3 homes a year and I quit my job around 2018. Best decision of my life wish I would of realized some things sooner but oh well. Now I have a net worth of about 2.2m and have 5 flips in line currently, all are 2700 sqft+.But the issue is I do all the renovations myself I have 2 other workers and my 19 y/o son. I cant work anymore due to a accident I was in. I don’t know what to do my son is very educated In construction he’s been working with me since he was 4. He has his real estate license and builders license (State of Michigan). I know he can take over and finish the projects. I’m not very educated In business to guide him I just know hard labor work, I want to point him in the right direction but to be honest, I don’t know the the right direction is.

Today’s 30-year mortgage rates plunge half a point to 34-day low Today’s mortgage rates for home purchases Based on data compiled by Credible, mortgage rates for home purchases have fallen across all terms since last Friday. 30-year fixed mortgage rates: 5.125%, down from 5.625%, -0.500 https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-july-25-2022.amp Rates are continuing to drop in sync with 10 year yields in anticipation of a negative 2nd quarter GDP reading, putting pressure on the fed to slow the rate of hikes. Many other inflation components such as oil and food are seeing significant price decrease, and logistical issues are easing globally. For example the cargo ship conga line outside of LA has been reduced from 100+ ships to less than 20. I've said it before but I'll make a thread for it this time. Futures markets are pricing in a 75 basis pt rate cut in 2023. I'm personally going to heavily invest in housing starting in about 3 months.

Inspection quoted at 650 for a 1000sq ft home. Is that normal? submitted by /u/Primary_Monk_6586 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w8bsni/home_inspection/

We are thinking of putting our house on the market in 2-3 years time. It's in a desirable area, not too worried it won't sell, however the furnace and AC are from 1992. They've been maintained properly and everything, and they work even though they're not very energy efficient (and the AC is just not super efficient period, but it still works, just can't recharge it anymore), but at this point I'm thinking it's only a matter of time before they go bust so even though we are planning on selling in a couple years, I think it would be a good idea to replace them asap instead of putting the house on the market with very old AC/furnace units which would be bargaining tools for the buyer to reduce the price. To me it also would give the impression that the house wasn't maintained very well, which is definitely not the case, we've done other upgrades. I'm thinking at least until we sell the house we'll save on utility bills, be more comfortable, w

Self maintained property refers to a property maintenance system in which the owner or tenant is responsible for all aspects of the property, from maintenance to leasing and rental income. Agent maintained properties, on the other hand, are managed by a third party such as an agent or real estate company. submitted by /u/property_services_9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w7hteb/what_is_the_difference_between_self_maintained/

Hey y’all so I have 50k in the bank and make 30k a year. My bf also makes 30k a year. Both of our credit scores are in the 700s. Can we realistically buy a house? submitted by /u/Satflt7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w7jhpp/buying_a_house_at_min_wage/

Someone must have dumped debris on my lot, which does not seem to be an uncommon thing to do. But I got a code violation. I don't even live in the same state as the lot. It was just an investment. There's no building on it, just a vacant lot. Any advice? submitted by /u/SeriousPuppet [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w7if5p/got_code_violation_for_waste_on_my_lot_but_its/

Today, I was trying to make a cash offer on a property, but after my agent submitted the offer along with my bank statement , I received a call from the seller's agent. While I was surprised, I said I'm not sure if you can contact me directly, she replied yes she can and added my agent knows her and gave her my phone number. BTW, she said the reason she called me is to see if everything is legal and how I made the money, I answered that It comes from my legal business, she then asked how much I make, I said I don't want to give additional information about my business as you already have my bank statement as proof of funds, she then said then I withdraw your offer. My question is: can an agent ask such questions? submitted by /u/ImpossibleRepair7887 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w7hw71/my_cash_offer_was_withdrawn/

I'm trying to submit an offer for a new-development condo in NYC that doesn't have a certificate of occupation yet. However, my broker is requiring that I sign a sales binder. I reviewed the sales binder with my lawyer, and my lawyer recommended I do not sign the binder as it's very unclear and could potentially force a purchase. ​ I trust both the lawyer and the broker as they were both highly recommended by trusted friends, but really don't know what to do here. I'm leaning toward trusting my lawyer and potentially submitting an offer without my broker, but any advice would be appreciated here submitted by /u/edddddddddddddie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w7hfiv/nyc_do_i_have_to_sign_a_sales_binder/

I would like to receive some information about an abandoned house in Poland, I know the address and I would like to know the price of this house. How can i possibly find out the price of this house or the contact of the owner? I would be very glad if somebody gave me some knowledge, thanks. submitted by /u/vekur [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w6w5h3/how_can_i_contact_a_particular_house_owner/

So i want to start off by saying im 19 and i work front desk at a real estate office, im extremely interested in buying investment properties and i want to start as soon as possible. Ive saved up a good amount of money and i work two jobs as well, i also go to school and get a lot of money back from fafsa and certain grants. i have a high credit score and my parents are willing to go into the loan with me and live as my tenants while i pay my way through college. We also want a duplex so we can rent out the other side. I feel like i have a good plan, im not trying to rush into things and im trying to save uo enough to atleast have a sizable down payment on the property. I work with real estate agents and every time i try to ask them about my plan or if its a good time right now in the market for a first time buyers it feels like theyre just looking to get me to be their client and not really giving me real advice. is the market now a good time to be a first time home owner, ahh im jus

My husband and I put an offer in on a house 2 weeks ago. We just got the HOA information and have 5 days to back out of the contract and get our money back. I finally decided to check the sex offender list and found out there's a sex offender on my street. Alot of the houses in the neighborhood are going up for sale but we were told it was for relocation purposes. My husband and I are currently expecting a baby and are very worried. any advice? We're strongly considering backing out of the house and continuing to rent submitted by /u/Signal_Bodybuilder95 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w6tpyq/would_you_buy_a_house_near_a_sex_offender/

submitted by /u/2595Homes [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w6uls7/whats_the_going_rate_for_the_earnest_money_with/

Looking for some advice on anything we may have missed doing research for a parcel for sale in county auction. I have done a title enquiry and there are taxes owed which I knew about roughly 15k. I have not done a survey of the land, im not sure if that would be beneficial in the next week before the auction. Parcel was originally for sale but owner did not have any takers. Appreciate any advice. submitted by /u/_Valet [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w6ue3s/looking_to_purchase_a_parcel_at_auction/

If a balcony is twice the size of the others in a comp set, does that increase the value? submitted by /u/namastay14509 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w6tnao/how_much_do_appraisals_take_into_account_the_size/

Initially, it was on sale. Then they took it off market 1 day before we put in the offer. They accepted, but it has never been updated to under contract even though it’s been 4 weeks. I’m trying to show my parents the pics of the house but since it is off the market, I have nothing to show. Should I have my agent call their agent or is it not worth it? Also, could the seller’s agent have a side deal to avoid paying the broker by not having it on the market? submitted by /u/2595Homes [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w6tfo3/i_am_under_contract_but_the_house_is_listed_as/

Hi, I am new to real estate. I am thinking to buy a house to pay minimum deposit and then rent it out that one. Is it good idea to invest minimum deposit with to the house and rent it out? Is it good idea to take loan from non bank lenders cause bank don’t give easily loan ? Thank you submitted by /u/Gasproblemhaiyar [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w6pqhg/advice/

Stumbled across all-in-one loans recently and didn't see anything worthwhile in the search function. So...for you lenders out there, what would make the AIO loan more beneficial than a conventional loan w/ HELOC? From my understanding, the whole point of an AIO loan is that you combine your loan into a bank account and use your excess funds to decrease the overall principle. With this, though, you are doing daily interest rate variations and from what I've seen, your interest rate can vary a lot (the place I was looking at recently said it could go up to 13%). So why do that instead of getting a fixed rate conventional, throw all your "extra" cash into paying off the principle, open a fixed rate HELOC and have access to that money from there? The difference I'm seeing is that the conventional/heloc is fixed while the AIO is variable and, I suspect, like most variable loans, varies on the high side. Thanks! submitted by /u/WinnieThePig [link] [comments]

So my grandfathers house who just passed away will be transferred to me. Should I transfer it to my LLC or should I transfer it to my name? Also if I do transfer it to my LLC how do I go about taking out the equity to do repairs (bathroom, floors)? Thanks! I’m looking to keep it as a rental as well. submitted by /u/Direct_Finding2023 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w62nfz/real_estate_inheritance/

Would you rather have a mediocre primary house and vacation house? Or one nice dream house? All hypothetical houses would be in great areas. submitted by /u/odduckling [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w5x0qt/one_nice_house_or_two_mediocre_houses/

Hi, I'm selling a house and was just wondering, if I'm selling a house as-is, does the term "as-is" have to be in the public listing for all to see or does it just need to be somewhere else, and if so, where? thanks (I'm not a realtor, just the homeowner. Not selling myself, working with a realtor, but they were not clear with me so I'm asking here, thx) submitted by /u/SeriousPuppet [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w5xj4v/should_asis_be_in_the_mls_description/

Our new build property that’s about to close in 30 days didn’t appraise (we won our bid this past March when things were still very hot and required bids way over asking). I refuse to cover the appraisal gap in this environment, but curious to see if others have had luck asking new home builders to reduce prices. In my case, it’s a large nationwide home builder. submitted by /u/qkslvr9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w5xg40/new_builder_concessions/

Is a 3/1 ARM a terrible idea at all times, or could now be an okay time to look at it for a refinance in 3 years to a more attractive 30-year fixed? submitted by /u/qkslvr9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w5xcl9/31_arm/

Has anyone experienced a similar situation? I'm new to Canada so my credit score and accounts are relatively new. Planning to buy a house in the next 6 months. How strictly do lenders focus on the credit score? Will they ignore a low score if they can see that I have steady higher than average salary and good credit habits? My credit report shows that I pay all my bills on time, have a good credit utilization ratio (20-30%). I moved over from the US and have a great score there. Would Canadian banks/lenders factor that in? Somewhat related - I plan to close my oldest bank account yet since it's not worth the fees and low interest rate (savings). Is there a reason to keep it alive, in the context of applying for a home loan? submitted by /u/samuraijack001 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w5aff3/loan_interest_rate_for_high_earner_with_low/

I bought a new build in TX, the builder promised it would be done in June then October, November and now I'm not sure they know. The build quality is less than ideal.My mortgage application is about to expire. I locked in at 4.2 and now my rate will jump up to a 5.2 unless I do an ARM. If I live in a different residence, can I claim my new build taxes and fees in my taxes? I plan to keep both and live in the new home. Should I sue the builder? If I bail, might not get my deposit money so I’m concerned. Thanks submitted by /u/Professional_Buyer73 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w5a8om/home_builder_screwed_me_over_need_advice/

If you are planning to have work completed inside of your condo, what type of repairs are you typically required to report to the HOA management group? I realize this could vary, but wanted some general guidelines. submitted by /u/nautitrader [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w58w65/reporting_condo_repairs_to_hoa_management_group/

We are closing on a home but have discovered that our back fence is on a city easement. All of our neighbors have the same back fence line so I suppose we are all on it. Fence removal isn’t that big of a deal to us, but apparently a few inches of the shed and about 8in of concrete near the shed is also on the easement. Our lawyer does not feel that this is a big deal. What I’m wondering is if the city needed to use the area for whatever reason, besides removing the fence would they make us tear down the shed/drill up the concrete just bc it’s encroaching? Or would they let us leave it if whatever work they were doing didn’t require use of the 8in wide area with concrete? submitted by /u/kellis744 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w53rfi/buying_a_home_with_slight_city_easement/

Bought a home that definitely needed some updating. I spent way more than I wanted to, and with inflation biting the situation, definitely not going to do anymore remodels for awhile. I'm embarrassed at the total number. What metro did you guys buy in, and how much did you guys spend for updating? submitted by /u/koffees [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w54e8f/for_those_who_bought_homes_in_20202021_and_did/

Curious to get peoples thoughts on this situation. Currently under contract with closing in 4 days. I’m the BA & the LA is in the same brokerage. It’s a long post but that’s because the details are important. After my client submitted an offer the LA withhold information about other offers and shopped around after a few days only to come up empty handed. My clients did not mind waiting because this was the one & were ready to wait it out to get the house. I knew instantly this was going to be a different type of deal. The seller counters our offer and demands a full appraisal waiver (no other offers), free rent back (again no other offers) and other misc, petty requests. Me and my clients didn’t Agree to anything the seller requested since we were the only offer ($650k plus home). After a week, the seller decided he would accept our offer but kept telling his agent that if the home didn’t appraise then he wouldn’t drop the price. That’s fine, everyone knew this and nether my

I think I already know the answer to this question, but I’d like to hear your experiences of you have them. Thank you! submitted by /u/oiseaudeparadis [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w5398h/how_do_you_know_when_its_time_to_change_brokerages/

I came very close to building what was my dream first home in the Tampa Bay Area recently, however I backed out when I saw the rate on the construction loan: 7%! It basically resulted in an all in payment just short of 5k a month, a 700 or so increase over what it would have been at the average. I have a credit score over 800, are there lenders out there that reasonable rates for that type of loan or is it just the worst time possibly ever to build (not just rates but material costs too, gotta go block in Florida). submitted by /u/PandemicP3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w4cptj/construction_loan_rate/

I have owned this 95-year-old duplex for 20+ years. It’s in great shape and has good bones as you say. I’ve always taken good care of it and hired professionals when I needed. I retired this year and I would like to sell as I’m getting tired. What I’m finding are there is no comps that come out very high for duplexes in my area. I’ve consulted with about six real estate agents and been given prices all over the place as possible listing prices. But my question is if comps don’t support a listing price, then the listing price isn’t gonna really matter. Isn’t that right? Investors just seem to want killer deals. The first real estate agent I consulted would like her son and husband to purchase the property for an investment property. They made an offer and it’s a good offer but again if the appraisal doesn’t support that price, then it’s not gonna matter isn’t that right? They weren’t interested in any kind of appraisal gap thing. I had a feeling due to her expertise and the fact that h

Anyone have any experience negotiating with an OpenDoor property? In CA they’re selling a house for $650k and on the same street a bigger house sold for $550k. My wife likes the place but wondering if there’s wiggles room with the algorithm? submitted by /u/Extreme_Report6158 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w4av4w/buying_from_opendoor/

I don’t know if this is the place to post this, but we just recently bought a house. A month in we’re realizing we’re over our heads and don’t think we will be able to make ends meet due to repairs that have come up. What should we do? Stick it out and put money down the drain if we only plan on being in the house 3 years. submitted by /u/Silent-Contact6457 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w4ajpb/in_over_our_heads/

My real estate agent called the seller’s real estate agent and it turned out that this house I’m interested in has already been in escrow twice, falling out for different reason. The most concerning is the second time where the reason was that the buyer hired a structural engineer who said that there are foundation issues that would cost more than $100,000 to fix (I’m in a HCOL and this house is kind of at a steep hill) but the seller’s own structural engineer said that the fix would be $25,000. Since there’s such a large discrepancy between the estimates, should I waste my money to get yet another structural engineer to look at it? submitted by /u/sunnyagain1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w49qsf/first_time_homebuyer_should_i_consider_this/

My partner and I have been trying to buy a home in a very competitive market NJ- we’ve seen it starting to cool and realtors have been telling us to wait until fall-winter But now we have other realtors saying prices are going to drop even further and to wait until 2023 (I’ve been ready and I know you can’t time the market) but it seems like that’s exactly what realtors are telling us to do submitted by /u/littlelaws232 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w3mizl/without_saying_when_youre_ready_when_is_the_best/

So my partner and I are taking our Real Estate to tribunal court on a retaliatory eviction case, and got a pretty good case on our part. My question is this, for those who have taken their RE to tribunal for similar reason and won, what was your outcome and could you choose what you wanted to be done? We aren't interested in extending our stay in this rental, so other things like maybe compensation etc. Thanks all. submitted by /u/Agitated-Audience833 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w3kadb/retaliatory_case_win_outcomes/

Under contract on a home in upstate NY with home inspection later today. Septic system (and house) are just 4 years old and owners haven't pumped it since it was installed. it's not in a low-lying area or an area with known septic issues. Should I do a separate inspection or, at a minimum, ask that sellers get it pumped before settlement? submitted by /u/tilghwoman [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w3j5vc/should_seller_pump_septic_tank/

I am a First Time Homebuyer. Found a house and it is bidding war crazy where I live. Went with a National Lender they wanted to close early. My Appraisal came back high so that was great. However I am self employed so we started having some issues. I switched to a local lender thinking our closing date was still early. They rushed and I got approved yay! The whole time my Realtor is saying yes closing date is fine etc... He was really into my Appraisal and started sending some disclosures while I was getting the financing nothing wierd but then he seemed sad I got approved. Now he is saying the Seller cannot move in time wants the original closing date that I am sure was changed or else nobody would have been rushing around to get this done for next Monday. He is getting condensing towards me. I feel like something is very off. Like why wouldn't someone want to close early? Now my rate lock is going to expire and now the Seller suddenly wants to wait until the Aug 5th. That is a w

So my renewal is coming up and next year I might move to a different state and might have to let them know I will not be buying to house I am at. Has anyone ever decided they were not going to be and moved? If so what did the process look like to you from when you let them know to when you moved out to getting your deposit back? I just want to know what I might be getting into next year. submitted by /u/Crazie_Roomies [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w3i8qr/moving_out_home_partners_of_america/

I'm an investor in the process of purchasing a rental. I made the mistake of going through the selling agent because the property is cheap and it's hard to get ahold of a buyer's agent in my area on short notice for something that might not be worthwhile commission-wise to them. I wish I hadn't. From the start, the realtor was nice enough but gave me issues about seeing the rent ledger. Eventually I was able to see it after making an offer and having it accepted, but he would not (could not, as he didn't have it) show me the original lease agreement with the tenants info. He told me it's not necessary as they're now MTM and not on a lease. I still wanted to see it to know who was in the house and to have something to go off of, but whatever. He also told me there's no need for an Estoppel Agreement, even though I've asked for one, which I keep reading is something I should get. When it came time to sign the contract, I was in the office with him a

We close on the house we’re selling on a Friday and close Monday on the house we’re buying what is our best options on moving? What have others done? submitted by /u/Original_Yam2268 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w2r9e3/moving/

This question is for midwestern states such as Ohio, Indiana, Kentucky, etc. If your ownership of such a house causes various mail to be sent to you at the address you had when you bought the house, you presumably need to change your address in the public records for that house. How? What documents in those public records have to be changed? Is it hard to change them, or can you simply write a letter to ask for the changes? Would you send the letter to a specific government official where the house is? submitted by /u/aiaor [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w2r4zu/if_you_own_a_house_but_no_longer_live_there_how/

I’m looking for a house in Italy specifically the Dolomites I want to have a Mountain View and lakes near by my budget is around 600-700k (£) what would you say the best area is for this price range submitted by /u/balirulez2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w2q5wu/dolomites_italy/

100 year old house valued 1.6M neighbors valued at 6M. I want to build a mansion submitted by /u/princepsvictoria [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w2p9v7/can_i_renovate_while_keeping_the_same_property_tax/

I’m in a standstill with my uncle over the house we own and I’m trying to file a partition by sale to force him to agree to sell. He doesn’t have any life ambition and I’m paying a far larger share of the bills and it’s no longer within our means to live in this house without him pulling his weight. I’m confident about my chances to sell after filing the partition action, but what are the odds of the housing market still being up before we can settle? submitted by /u/Giantrobby [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w2n5wj/how_are_the_chances_of_selling_a_house_before_the/

I believe CA market can drop .4 - .5 This has to happen bc of the wages here are still the same and not rising during inflation. While everything else is rising like food etc. Btw I went to buy some eggs and the price was 10$ for a dozen of eggs. 16 minimum wage. ..... submitted by /u/DoUsmeLLit6 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w2n92d/ca_houses_can_crash_up_to_40_50/

Goa, no matter how many times one may visit this place, there’s always an excitement of going back again. This place has so much to offer from colourful nightlives to the happening atmosphere that nobody wants to escape from and hence this place feels like a second home to most of us. And just like that, VIDA- PHASE-1 BY AVTARA HOMES is a home away from home. Vida Homes has come up with their rental apartments for a long-term stay with the most luxurious amenities. It offers a world-class interior designed with a modern approach. If you are looking for a second home in Goa, this beach property is must-pick ! for more info visit our website:- https://avtara.in/ submitted by /u/AvtaraGoa [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w2mxy9/vida_goa_phase1_by_avtara_homes/

Buyers remorse or most likely something wrong with the neighborhood? Its up by $15K-$20K in a few months from what I've seen. submitted by /u/Living-Ad-4252 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/w2lo8q/whats_up_with_homes_that_have_sold_then_are_back/