Hello I am a 20y looking to get started in a career in flipping houses, I am not sure if this is the best place to ask but i’m curious as to if getting my contracting degree (Free Labor/ quality of work) and doing real estate classes on the side or going to trade school would be the best option. I have a starter house that my grandma is willing to sell to me but i’m not sure how to get started in this field. Any help at all is much obliged thank you. submitted by /u/sorrynelson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x2fobj/flipping_houses_advice/

I’m curious of your experience- what made it great and not so great? Timelines, communication, closing gifts, follow up, rate, etc. submitted by /u/whoisNO [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x2eunv/best_worst_part_of_your_financing_experience/

If we are fee-simple and own a unit of the building but the building has a no-pet policy, are we still allowed to bring in pets because we own the unit? (I just want a cat man...) submitted by /u/Dexdxss_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x2bdev/question_nopet_policy_but_fee_simple/

Hey Guys! I own a couple of properties in lower Manhattan and had purchased bitcoin seven years ago. Despite the excellent returns on both of these investments, it goes without saying that my bitcoin investment has outperformed both of them. In May 2015, when it was still a very risky investment, I bought 30 bitcoins for about $250 each. Except for the fact that last year I used 1 bitcoin to fund my mining rig, which has so far brought in a lot of money (my initial investment is already paid off and I receive $35–$40 per day from this investment), I haven't sold any of my holdings yet. I have no plans to sell any of my properties or my bitcoin holdings, at least not until it reaches its all-time high (during this period, my investment in btc, which at the time of purchase was worth about $7500, was then worth over $2M last year in November and is now worth $590k). My properties in lower Manhattan bring in a combined rent of $6720 per month, which is great. I want to retire befor...

Wife and I are coming to the region we're looking at and this would be our first time visiting the area with our new and likely lender. Didn't really think about it until now but figured maybe it'd be a good idea to meet our lender in person, to show that we're "real buyers" not just jerking around, build an in-person connection etc. He's also referral-based and we got referred through our agent who we'll also be meeting with of course. We've been all virtual/over phone for a couple months now. Was wondering if you guys think this is a good idea since of course lenders can change, are pretty busy, don't really come into the deal until a house is found etc. Would this be received well or a nice overture? Unnecessary? He works for himself/is a broker. submitted by /u/JeeveruhGerank [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x2751d/coming_into_town_want_to_meet_our_local_lender/

Which one works better for you? Describe your routine there submitted by /u/Moon_amaze [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x25yzi/do_you_get_work_done_at_the_office_or_at_home/

We’re closing on a new build in 10 hrs from now. Our shower enclosure for the master shower was supposed to go in last week but due to supply chain issues, it’s not making it here on time and the builder said we’ll get a letter as an addendum that states they’ll install it within 30 days. Has anybody done this before? What options do I have after closing if they don’t install it? submitted by /u/jays6491 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x1c761/closing_on_new_build_tomorrow_missing_shower/

Realtorspk.com brings you innovative interior design ideas to make your home more beautiful. Having bulky furniture at home is challenging and can be damaged when shifting. While bringing out the light-cane furniture can create vibrant and cozy home changes. Please read it here to know more: https://blog.realtorspk.com/interior-design-ideas-for-your-home-decor/ #therealtorspk #realtors #realtorsblog #blog #home #interiordesigning #ideas #homedecoration #interiordesigningideas #blogs #homefurniture submitted by /u/realtorspak [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x1ewbr/6_interior_décor_ideas_for_your_home/

Hi guys! How important is real estate photography quality to you? I’m talking about resolution etc. Is taking photos with iPhone or a basic camera sufficient for you, or you’re using the best cameras out there that provide the best quality. If you’re able to tell how’s the property like from iPhone photos, do you still choose good cameras? Just wondering how important is the quality. submitted by /u/Huge-Agent-5703 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x1edxg/how_important_is_real_estate_photo_quality/

Hello 27 year old travel nurse here. I should have 200k saved up to buy a house or condo in southeast Michigan by end of next year. I do travel or work away from my house 3 to 9 months out of the year, so do you think I should buy a condo for less maintenance? I just hate the thought of paying monthly fees for a property I have paid off otherwise. But the idea of never having to worry about the outside maintenance when I am gone for 6 months sounds nice. Which would you pick? Thank you submitted by /u/mainofnurse [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x1bz4d/if_i_can_pay_off_a_condo_or_house_in_cash_which/

We are selling our first home, and I wanted to post on here to seek some advice/thoughts! Which one should we go with? Offer #1 has a low down payment, but they wrote a nice letter. Offer #2 has a high down payment which could make the financing process go smoother. Let me know your thoughts. Listed Price: $125,000 Offer #1: Sale Price: $135,000 Down Payment: $6,750 Earnest Money: $2,500 Story: First time home buyer, grew up in the neighborhood, professor at local university, young family Offer #2: Sale Price: $132,000 Down Payment: $80,000 Earnest Money: $1,500 Story: Army veteran, pre-approval coming from Navy Credit Union Offer #3: Sale Price: $135,000 Down Payment: $4,050 Earnest Money: $1,500 Story: Grew up in the city, young family, small business owner submitted by /u/upwardilook [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x0om5q/first_time_home_sellers/

I have a buyer for my house, it was inspected on Thursday. On Friday we got a termite report and remediation instructions from the Buyer's realtor, but no further information re: the inspection. My realtor doesn't seem too worried about this: but I am an anxious person :P Does this seem normal? Should I be concerned? Thanks! submitted by /u/MorgaseTrakand [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x0ody5/no_response_after_inspection_is_this_normal/

Do houses with garages converted to living spaces sell for the same house with a garage pre-conversion? Anecdotally I see this and I personally couldn’t imagine owning a house without a garage. submitted by /u/VeryStab1eGenius [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x0niul/garage_conversions/

Hi all, My husband and I have put in an offer on a home in Pooler, GA that has 4 very tall but not especially wide pine trees in the backyard. Seller disclosure states one of them was struck by lightning last year. We have decided for our peace of mind we want to specifically have the trees inspected in the due diligence phase. Whom should we contact for that? We were thinking an Arborist is needed, but we don't really know if that is the correct answer or where one would work. Any tips? submitted by /u/Exarkkun77 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x0l201/tree_inspection_in_savannah_ga_area/

… submitted by /u/Battle-Jaded [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x0jli3/what_are_the_pro_and_cons_of_using_a_mortgage/

I'm not sure if this is the right community to post this in, but I've always thought being a real estate agent would be a cool job and there's definitely the potential to make some good money doing so. I'm 22 and have been doing warehouse jobs for the past 4 years since I got out of high school and just feel kind of stuck. Is there any advice on how best to get started beyond just getting my license (which I haven't done yet) and looking for somebody to hire me? submitted by /u/Bestplayer_06 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x0jd0i/should_i_get_into_real_estate/

I’m roughly 2-3 weeks away from getting my Florida realestate license. I am very eager to start my journey but I have a few concerns. Commission pay: I have a lot of monthly expenses. Car payments, rent, food, gas, etc. Not being guaranteed a paycheck starting out worries me. Idk if I will be able to afford going full time. Brokerage: I want to learn the in and outs of this job. What are the best brokerages to start out at? I want to sell homes for a living but these concerns make me think I should do this part time to start. submitted by /u/AromaticCash6599 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x0igdc/how_much_money_should_i_save_before_doing/

I saved a bunch of houses to my Zillow account in the Phoenix area and I'm being bombarded by dozens of price drops emails on a daily basis. It's honestly frustrating. How does everyone keep track? I started making a spreadsheet but it got overwhelming. A friend also searching creating gmail filter rules since he was getting dozens of price drop emails daily, too. Should I just disable email notifications and not look for 6 months since things are only going to keep going down anyway? I miss how quiet my email was in 2021 and early 2022 when I was in the process of favoriting homes. Now it's just annoying. submitted by /u/NoMoreLandBro [link] [comments] source https://www.reddit.com/r/RealEstate/comments/x0i1j0/how_do_you_deal_with_too_many_price_drop_emails/

I primarily use Redin because it has always been my favorite of the apps. I see other people mentioning a few annoying changes with the update but what is bothering me the most is that all property taxes are an estimated percentage - whereas they used to be fairly accurate. HOA dues are also not included in estimated price unless I type it in myself and then it is included on every property I view until I remove it. I'm surprised I don't see anyone mentioning this so I uninstalled and reinstalled the app to no avail. Is this a me thing or a we thing? submitted by /u/worldwidedreamer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wzs7g8/redfin_property_tax_and_hoa_update/

So I found out agents post on the MLS in ranges sometimes. And we are trying to find an area that we can afford to move to. However, if agents list houses from for example 599,000 to 649,000 on the MLS, what price goes on Zillow and Redfin and Realtor? Does the 599,000 (the lower price) go on zillow or does the 649,000 (the higher price) go on zillow? I need to know when they list in ranges on the MLS in order to get more buyers finding their houses, than what price do they put on zillow? Because we are trying to find a market we can afford and if houses are listed for lower than what they actually want we might be looking in the wrong areas and might have to change our direction. So theoretically, if an agent puts a house from a lower price to high price on the MLS what will they put on Zillow, Redfin, Realtor, the lower price or the higher price? submitted by /u/illjustbemyself [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wzp5dh/are_the_hom...

So I've got two sets of relatives one has been flipping for a bit, does 2-3 a year and keeps the good ones as rentals and not to get screwed over tax wise making it profitable as they say. They got their brother into flipping. Brother isn't good with finances. In 40s and borrowing money from dad to pay utilities not good with finances, but somehow got into flipping. They've been doing a house seemingly every month give or take. I'm just guessing from home prices around here currently they're probably buying around the $100k mark and possibly selling as high as $200k again give or take. Not sure what they're spending on fixing up but I'm out $10k on rental that got destroyed by tenants and that's just cleaning and repairs so maybe $10-50k depending on the flip. I'm no tax expert and don't fully understand capital gains tax. But I feel like they're about to shoot them selves in the foot and be taxed to high hell with all the flips making all...

We want to list for a high price in case they want to go down. I heard agents sometimes list it in a range so the house shows up in more buyers searches. Is this a thing? submitted by /u/illjustbemyself [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wznxgf/do_listing_agents_really_do_this_thing_where_they/

اريد ان اعمل في هذا المجال الذي يسمى تجارة العقارات بالجمله من خلال الانترنت كيف اقوم بذلك هل يمكن شرح تفاصيل أكثر لاني وجدت أشخاص من أوروبا وامريكا يجنون اموالا كثيرة من خلال هذا المجال submitted by /u/SecretaryUnusual9198 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wzouk0/ما_هو_تجارة_العقارات_بالجمله/

I had been planning on waiting to buy until the winter or early next year, primarily because the rate hikes may cause mild price corrections. I’m not sure I can wait that long at this point. I’m wondering if there are some good, safe condo markets in the U.S. that have not appreciated by enormous amounts over the past 3 years like certain areas have. In other words, a market where price corrections, if any, would be extremely mild. I’m interested in almost any location in the U.S. that is ideally somewhat close to an airport and very safe. As an aside, is anyone aware of any sort of data dashboard for looking at trends across multiple markets? I know Redfin has a “market insights” section for particular cities and searches, but they don’t have a dashboard for investigating broader trends. submitted by /u/Triceratops9998 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wz6ta3/condo_markets_that_have_not_appreciated_a_ton/

First time home buyer’s and I’m so nervous for some reason. Having it out of control now is my biggest worry. Applying for a joint mortgage, we make about 109k a year and bought a house for 250k with 7% down. 2500 DP. We got locked in at a 3.6% ARM ( I know people have mixed opinions on ARM but after weighing it out- it’s what was right for us. Our LO is great and she said we have nothing to worry about when we got pre qualified. We didn’t lie about any of our debts, income or employment but I still can’t help that they will find something wrong. We should be receiving a commitment letter next week. (5-7 business days from last Monday). Thanks for reading submitted by /u/DMP1993 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wz5q7q/anxious_about_the_underwriting_stage_of_mortgage/

I’m looking for my first house and don’t really understand what to expect for taxes. Let’s say on Zillow the house is listed at $300k. In the tax history it was last assessed at $150k, and says the taxes were $5,000 a year. Does that mean the next time the house is assessed the taxes would increase to $10,000/year? submitted by /u/DicksOutForGrapeApe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wz54fx/question_about_calculating_taxes_when_buying_a/

Is this a good idea or bad idea ? Has anyone had any luck finding good paying tenants who qualify ? Market place doesn’t seem to give enough room to put an application you can put your requirements but they will still write you with” is this still available? “ How should I respond to that I think that’s the most stupid thing to type on a rental property listing what do they think? How should I respond to people that write me in another language? It just seems to leave a lot of room for error by using it I get more interest than I can handle honestly but I need to get this place rented. submitted by /u/Spiritual_guitarist [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wz3v2f/finding_tenants_through_marketplace/

Visit this post and vote. Doesn’t matter if ⬆️ or ⬇️. Thank you. submitted by /u/BronxLens [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wz1qcw/psa_please_share_your_opinion/

We are building our first home in Georgetown (Liberty Hill area) TX. Between $434k price, high taxes of 2.86, and 4.75 locked rate we are looking at $3450 a month before homestead. 1800sq ft home, master planned community. One income household with baby. Husband earns a little over $110k. We need a home in the next few months so if we can’t buy one we have to rent. We have no debt. We live a very minimal lifestyle. We would be comfortable and happy in home for very long time. But it’s so hard to get in this market for a nice home with enough space right now. Please be honest (but as nice as you can). Is around 37% insane? Are we making a huge mistake? Some decent rentals are available for around $2400 a month but we want to own if possible. How uncomfortable are we really going to be? Also, how much does homestead in Texas really save you? submitted by /u/LynsLearns [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wyz4tl/is_37_of_income_too_high/

More than ever before, real estate investment wisdom is needed. In this video the insightful discussion and strategies from experts across the real estate industry. Lorna Auerbach oversees the asset management functions of her family’s multi-state commercial investment portfolio as President and CEO of Auerbach Realty Holdings, LLC. Eduardo Sigal is the host, using his knowledge in real estate, Eduardo interviews some of the world's most accomplished real estate developers, investors, and other business leaders to learn how they found their success. https://www.youtube.com/watch?v=6Be8_BbXJFI submitted by /u/National_Smile7026 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wyydqy/what_differentiates_mom_and_pop_investors_from/

I'm 22, I work in Healthcare full time and am a single mom. I'd say I make decent money (45k a year but thats before taxes). Currently renting a house with my parents but I'm struggling to survive. I'm only paying $500 a month for rent but I'm living paycheck to paycheck. After paying bills I usually only have $5-10 leftover. I'd like to be on my own but I'm struggling to figure out how other people do it. Rent for a 2bd where I live is at least $900 a month. I'd prefer to buy a house within the next 3 or 4 years. I have applied for a mortgage loan before but they said they could only give me 100k which isn't going to get me anything. Does anyone have any financial advice? I save as much as I can and all of my money goes to necessities and bills. submitted by /u/Civil_Imagination212 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wy92cv/how_do_people_afford_to_live/

I'm looking for advice on finding the right lender, or wondering if maybe we're just out of luck until our circumstances change. Between my husband and I, we don't have a two-year job history, but he is full-time permanent and I am self-employed, so they are only using my husband's salary to calculate the pre-approval. (details below) I'm wondering if there are lenders that would be better to work with from a self-employed perspective, or if they're all going to view us the same way? My husband and I live in New Jersey (HCOL, high taxes), and the loan we are in the process of getting pre-approved for is really limiting our options. We are limited to looking at properties under $325k, probably closer to $300k, in a market where most single-family starter homes are $375k to $400k minimum (and still need work), and condos and townhomes in our price range get snapped up really fast, if they're available at all. The background, for context: This is a huge ...

Relocating cross country to a VHCOL area for a new job, my wife and I were informed one of our friends in the area has a neighbor with a home coming up soon. This house looks beautiful, my friend has been in it numerous times and says he knows how much work the guy put in bringing it up to this state. It's in the exact area we want to live with great schools and safe neighborhoods. The neighbor is interested in a direct sale so he doesn't have to deal with open houses and such. They already have had it pre inspected with no issues and are willing to share the report if we go under contract. That said, it also would be 4500/mo for me, twice what im currently paying on my house. My wife and I will be making 210kish (not counting my bonus) so mathematically we will be fine, but it still seems insane to throw so much at a house. There are other areas nearby we could get in at 3.5k, but the schools aren't near as good, or crime is higher. Is this a case where I shouldn't ...

What are some other nonsensical common home staging techniques that you have observed? submitted by /u/clemfandango12345678 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wy5sns/why_do_so_many_listed_houses_have_a_large_bowl_of/

Regarding tenant acquisition and management… What service should I use for running applicants’ credit and is there a “cookie cutter” legal agreement that applicants sign granting me permission to do so? Or perhaps a standard clause that should be on the application that grants permission? What online tools should I consider using for billing and/or collecting rents? Thank you submitted by /u/mas1234 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wy6jbc/buying_my_first_residential_rental_investment/

My wife and I are ready to sign a purchase agreement on a house we found- like it’s with our attorney ready to go. However, we’re kind of having second thoughts/reality check about this particular house being the one for our family long term. My question is- if we decide not to go through with it, should we feel bad for our agent or in general about leading the seller on? submitted by /u/Emminge1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wy48a0/thinking_about_pulling_out_before_signing_contract/

I am super new to the home buying process and put in several applications for lenders. Two were offering $2k incentives for working with their lender. The third said that it is illegal to do so. Is this true? submitted by /u/joannagrizzly [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wy1z7l/lender_says_realtor_credits_are_illegal/

I got another application for my rent house. The person claims to have $5000 in income working at a major store chain, but the pay slips don’t add up. He wrote: “credit doesn’t reflect my ability to pay, I was a victim of identity theft and have proof”. He also mentions a criminal history, which I don’t see and adds a note that the charges were “removed and put on the real perpetrator “. To me this is confusing: none of the criminal stuff shows up on his background report, but it shows a history of chronically late payments and back child support owed(I know my ex husband doesn’t pay his CS and used my SS# and ruined my credit, so to me that seems fishy). Also his check stubs end in July, shouldn’t he have stubs for august of he’s employed? Would you rent To someone like this? submitted by /u/Spiritual_guitarist [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wxc43x/rent_applicant_has_criminal_history_or_so_he_says/

i’m probably on the wrong flair, but anyway there’s this property that i wanted to rent and this agent helped me find, he struggled a lot with me to find a property that i will like at my budget. the thing is when we found one, another agent called me up and found me a better property that’s bigger and at my budget. so the question is how do i say no kindly to the first agent who really really worked hard to find me that property over a period of a month. submitted by /u/nuerorism [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wxbzd0/saying_no_to_an_agent/

Wondering how you can keep belongings in a "Pods" and temporarily live in a hotel (or something) for 2-3 months while figuring out a permanent living situation in a new city. Are there some secrets I should know? Would it be silly to get an apartment for 1 year and house hunt or go all in now? submitted by /u/ketolaneige [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wx761n/moving_to_new_city_and_want_to_buy_a_home_but/

A quick question regarding exceptions for capital gains taxes on home sales. I have currently lived in my home for 2.5 years, initially when we moved in my father owned the home and we moved in and paid him rent with the agreement that I would then purchase the home from him after starting a new job. After starting the job I then purchased the home from him for what he purchased the home for minus the amount we paid him in rent (basically paying down the cost of the home). We closed on the sale of the home about 13 months ago. Since moving into this house, the housing market has gone insane and our family has grown and we are hoping to purchase a new home with an extra bedroom. My question is this; do the exemptions for capital gains require that the title of the home be in my name for at least 2 years, or could there be a convincing argument that it has been my primary residence for >2 years and as such I can take the exemption to avoid the tax on the capital gain? Would this be ...

Title. Currently in Central CA looking to buy a home, got the pre-approval and the hunt has began. We have about 14k saved up for a down payment using a USDA loan, but I’m also interested in any assistance programs that y’all may be aware of. Thanks! submitted by /u/StopLookingHere [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wx61lh/favorite_down_payment_assistance_programs/

Just was curious how to interpret this (or if I shouldn’t read too much into it)? submitted by /u/Powerful-Winner979 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wwj3ub/realtor_says_buyer_is_going_to_make_offer_but_is/

TL;DR My tenant appealed eviction. I think I have a good chance of winning the appeal, but, by the time it's done the award will be so much the tenant will never be able to afford to pay me. Should I try to settle with him for the amount I need to break even before we get to the appeal? The tenant is extremely argumentative and cocky. He thinks he's going to win in court. I definitely don't want to give him anything that will help him do that in trying to convince him to take this settlement. I'm evicting a tenant for staying past the lease end. He also stopped paying rent almost two months ago, before his lease ended. He also changed the locks on my house and won't change them back. I won the initial eviction hearing, but now he has appealed. In my state that means the appeal court hears the case anew (trial de novo). My case is pretty strong. There's a slight crack in the notice I gave to terminate the month-to-month lease. The first judge didn't seem ...

Hi, we are looking at moving to CA from a very LCOL area and do t have millions to spend. No particular city in mind, but want to be near the beach. No kids or school concerns. Is it even possible to get an oceanfront condo for 500k? My initial searches show everything in the millions with some things around 800k for something tiny but I was looking in San Diego. What cities should I look at, and is the waterfront doable in our budget? submitted by /u/idkafbuc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wwhkad/beachfront_condos_in_ca_under_500k/

Thoughts on Myincomeproperty.com submitted by /u/S733z_x [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wwgtuw/income_properties/

Just closed and moved into a house a couple months ago with my partner, and for us it is our "primary residence," so we need to occupy it for the majority of the year. All of our belongings are there and all of our mail is sent there. However, I travel for work as a contractor, and my next project is overseas for two years straight with only a couple weeks off to either travel back home or do something else with. Will this still work as a primary residence even though I won't be there for the majority of the year? Would my partner have to stay in the home as well, meaning, they couldn't come with me overseas due to the primary residence thing? submitted by /u/justmehhh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wwg718/bought_a_house_as_a_primary_residence_but_travel/

Sales of new single family houses in the US plunged 12.6% month-over-month to a seasonally adjusted annualised rate of 511K in July of 2022, the lowest reading since January of 2016 and well below forecasts of 575K, amid rising borrowing costs, prices and a fall in demand. It's interesting market didn't react much but for me it's big red flag in Housing Market. We can see similar downtrend in others countries too. So what are your thoughts in this numbers and what does it mean for future ? submitted by /u/Jandys96 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wwde6q/united_states_new_home_sales_plunged_126_mom/

I recently purchased an investment property as-is through the selling agent, who advised me that the roof was less than a year old. In the listing photos the roof looked fine. When I went to see it in person, I noticed that the roof was a different color (it was replaced and the listing photo was old) and also seemed fine. I closed on the property yesterday, and when I went to look at the property again, I noticed that the roof was actually severely warped with long divots in a couple locations, almost as if a large branch might've fallen (there is a tree in the front yard; it's not dead and very much alive, but I'll probably end up removing it because it doesn't look that great, health-wise). Is there anything that I am able to do? The seller did not put it in writing that the roof was new or anything, this was simply what he told me. Their agency is the company that managed the property for the owner, and were the ones who put the new roof on. When I had originally ...

We are set to close next Wednesday. We found a few items during the inspection that we wanted repairs for (crawl space, a leaking shower pan that now the shower needs gutted for). The seller agreed to give us credits and we will complete the work when we move in. Our lender calls us TODAY and claims they need to see the entire inspection report because of “how the due diligence form was written indicating repairs were needed”. In other words, they want to see what exactly was said in the report. We offered to pull the sections out but they are needing the entire report. I have zero confidence in this lender because they killed our last deal with a very low appraisal price on a home we loved. Now this a week before we close? We’re terrified they’re going to find something and deem it needing fixed or something worse. Is this standard? submitted by /u/diggyj1993 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wvpifl/reasons_a_lender_is_asking_for_our...

Okay, so my fiancé and I own about 1.75 acres of land and we currently have a trailer on it and recently built a pool barn. The land and trailer are paid off and we are paying about 600$ a month on the pool barn. We’re stuck. We want to move out of the trailer (it’s only a 2 bedroom 1 bath) we have completely redone it but don’t know what is going to be the best option. We want to be landlords, (get a couple of property make extra income). We also eventually want to build a stick home built house on the property so that way we can use the equity or sell it as a whole to then buy multiple properties. My question is… we have been looking at homes.. we obviously want something a “little” more accommodating for us, but also don’t want to get stuck buying a property that isn’t an investment. The housing market is booming right now and we just aren’t sure what the smartest move is to make to make passive income. Do we stick it out and live here and build then rent the trailer out? Do we mov...

Hello all, I am new here. I'm purchasing a townhome in the Atlanta area. We have been through a million hurdles it seems just to purchase this home. We're using an FHA loan for it. We initially had it inspected and appraised, with only minor issues. Now, the underwriter is calling for another appraisal. It was done the other day but we are still waiting for the results. They had a few concerns that I'll mention below. ​ Attic access Blocked by shelves in closet. "Exposed" Wiring on the outside of the home. Loose boards on the patio deck. The sellers were supposed to fix this issues, but of course, they never did. Our realtor talked to them and they allowed us to go out there and fix them. I had no problem doing this because it only costs me the gas to get there. ​ While we were there we examined everything and made the appropriate repairs, Detailed below: ​ Attic access Blocked by shelves in closet. We removed the shelving in the closet so the attic ...

We are currently in the closing process on a house here in Guam. The market here is pretty cut throat but we got a decent deal and we got seller to pay up to $15k of closing costs. The contract states the house is sold as is, but there is an addendum that states all appliances will be in proper working order upon closing. The seller is refusing to fix the stove and water softener that are not working correctly. The seller has also caused damages since we agreed to purchase the home and the contract states he will pay any damages caused between agreement of purchase and closing. What are my options here to force the repairs? submitted by /u/Harley19sport [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wvml5l/seller_trying_to_breach_contract/

https://imgur.com/a/vFQo7KP Ok, it turns out the $15594 is 6% of the PP of the comp, so obviously a seller concession, but why only adjust down 3%? Just standard appraisal move? Meet in the middle? submitted by /u/TheUltimateSalesman [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wvmjo5/what_is_this_adjustment_trying_to_indicate_on_the/

Says his website and the locally shared MLS is sufficient. Doesn't think the fee for the IDX is worth it. Our listing is approaching the 1 month mark and we don't even know how many showings its had. Unfortunately we've already moved (classes start tomorrow) and are dealing with things remotely. Can I just go to Zillow/realtor,com/etc and use the FSBO option and feed the contact info to his number? Just let him be pleasantly surprised at the sudden influx of interest? I don't know where our copy of the contract got off to in the move so I don't know how long we're legally bound. I don't know. Things never go as quick as one would like. Maybe I'm just getting antsy. submitted by /u/RabenWrites [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wvj7pr/realtor_wont_list_house_online/

Married 11 years, Texas is the state, impending divorce, house bought 2 years ago for 170k, worth 350k now. He put 13k down and pays the mortgage. He’s put 30k into repairs and I have put in 10k, plus I pay some bills. He’s wanting to move to OK and I need to stay in Texas. He makes 90k with a big 401k, I used my 401k on a failed spinal surgery before marriage. I have some savings. Half of it is inheritance, half earnings. I’m disabled and will only work another year. My job I make 70k-90k now, but before, average 60k. Want to buy a little something in the town I’m in for 140k or so. Clearly want to buy whilst unmarried. Unless I use my separate property to buy. Oh, his down payment and repairs were his separate property from a house he owned before marriage. Sorry, a bit complicated. Want out of this nightmare. submitted by /u/maryhartman000 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wuukju/help_with_math/

How long until Closing/Final Inspection? DR Horton, Orlando suburb These pictures were taken August 21, 2022. Our particular situation, it benefits us to close later than sooner. The estimate for completion has remained the same, October 2022. Spoke to a laborer on site (8-21-22), he said November at the latest. Thank you for your insight! Respectfully, First Time Home Buyer https://imgur.com/a/tGW5HIc submitted by /u/Holiday_Spirit869 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wurmt1/new_construction_help/

So we our aiming for our second choice in home. Our first one had an offer come in above asking and we weren’t willing to do that. The second home is beautiful but has a fixed foundation. We got the engineering report and it was a $40k fix. With this fix there is a bit of cosmetic damage. The basement flooring needs to be replaced. The back deck needs to be yanked, the ground below leveled, and a new deck put back in. The basement door needs to possibly be pulled and a new one put in. Not sure if these things were messed up before the home was fixed or after. The fencing also needs to be replaced from the second level to the backyard (10 ft drop with no railing or fence to keep someone from going over). So in 2021 they asked for $424k (after fix). Someone tried to buy it and got cold feet. Our realtor knows them and said it was because they found a better home in the same neighborhood that never had foundation issues. The seller pulled it then. A year and a half later they list for ...

Do you put a cover page outlining your offer or do you let the contract speak for it’s self? An offer submitted on one of my listings had a cover page and i’ve started doing it as well, tell me your thoughts! submitted by /u/DwaywelayTOP [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wuo054/offer_cover_page/

I have a relative who is deep into real estate. She's not from US but from a country with a similar mortgage system. She doesn't have much money but seem to own 6-7 houses. I assume some are shared businesses with her friends. I think she took out several mortgages and told me she make a good living off it. I'm worried this is not safe and she might take on risks she may not be prepared for. Can anyone tell me the risks involved with doing this? I want to watch out for her if possible but if what's she doing can be sustained then I have no problem with it. submitted by /u/kola401 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wumt4p/question_regarding_real_estate/

I have a neighbor whose husband passed away a few years ago. The house is going into foreclosure because she hasn't paid the mortgage since her husband's death. Plus there is an IRS lien on the house. She told me that her name is not on the deed and she trying to move ASAP. How can I go about acquiring the house? submitted by /u/Old_Self6645 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wum9tc/seeking_advice/

Hi everyone, First time home buyer here and I am seeking advice for choosing the loan option I currently have three options. The property is $620,000 and the rate I locked was 15% down at 5.125% and 25% down at 4.875%. I am financially comfortable doing either option. My lender suggested doing Option A because the total rate of return holistically. But it is hard to wrap my head around especially in this current volatile market. So would love your advice! ​ Option A : 15% ($93,000) down at 5.125% with PMI $50. Monthly mortgage around $4,050 Refinance (which will cost ~$10,000) when the rate goes down. Lender told me the rate will most likely drop within the next year and equity will go up so it will automatically drop PMI. And invest my left over savings in something else that has a better rate of return. ​ Option B : 19% ($117,800) DOWN AT 5.125% with PMI $50 but pay lumpsum 1% ($6,200) right after closing so my LTV is 20% and PMI drops. Monthly mortgage $3,907 Then same as op...

Bought a 0 HOA 2bd 2bt no parking townhome in Seattle for 600k cash two years ago. Starting hating Seattle after almost 10 years and left recently. Am fully employed in new location but now pay rent. Well, the house has been on the market over two months, listed at 670 and now reduced to 640. My lease ends here in a month and I’m going to either have to go back (really don’t want to - I like it here and my job) or rent it out because I figure that’s better than a 60-70k loss on the home. Never been a landlord before and am looking at property managers. It terrifies me and have seen some people say repairs were so bad they made no money on rent. My expenses will be 1700 (~1900 after fees and utilities) of rent and incoming money will be 2600 @ job per month + potentially 3000 in rent (2600 after management fees). Stupid idea?? Go back to the house? I’m really stressed out by the whole situation. submitted by /u/veriohukainen [link] [comments] source https://www.reddit.co...

I am a first time homebuyer. I recently connected with a great buyer's agent - and signed an agreement about workinv with her. I am interested in a home that was recently removed from the market (after about 3 months of being listed). (I believe the home was occupied by a renter, which may be why they're having a hard time selling.) I am going to be out of town for a couple weeks. I wanted to reach out to the seller's agent to learn more and if I could view it on Sunday before my trip. My buying agent doesnt work on Sundays. Is this inappropriate? Would I later be able to take a second look with my buyer's agent? submitted by /u/cashew00005 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wtv85a/is_it_okay_to_contact_the_sellers_agent_as_a_buyer/

Kind of new to all the real estate options but bought mt house in Feb 2021 coventional 30 years and 16% down; does it make sense for my to go for refinance options? I couls be wrong but refinance makes sense when u want to go for a lower rate but i dont think so i ll get rate lower than my current 2.75% submitted by /u/Dependent_Occasion36 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wttf0g/rate_275_worts_refinance/

Im looking at a apartment im ver interested in but there is just one thing im concerned about. The walls are not straight 90⁰ they are on the sides 45⁰. Is this something your brain registers inside the apartment? Is this something that might annoy you because im easily annoyed by imperfection? submitted by /u/Cloudkingxz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wtty1e/apartment_with_45⁰_degree_walls/

I am in the design process and excavation, build has not started yet. If I had accepted and signed for the quotation for certain upgrades, am I able to cancel them without consequence? submitted by /u/Bukkakecat [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wtrs9a/new_construction_cancelling_upgrades/

Hi all. Just wondering if there were any good sites that specialize in raw land, in particular. I'm looking for something btwn 1-3 acres and can pay cash, but FSBO would be nice and could buy me a little extra time, even just 1-2 years would be great. I've used the obvious stuff like Zillow, Realtor, C-list, eBay, etc..., but I wasn't sure if there were sites that specialize in raw land, in particular. Cheers! submitted by /u/geetarzrkool [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wt7gh2/looking_for_handy_sites_to_find_raw_land_ideally/

We went to view a house early in the morning a few days ago and we loved it, it was move in ready and needed no work. We put in an offer at 95,000 because the house was listed at 89,000 and we were contingent on sellers paying closing costs. Come to find out, later that day that they accepted an offer the night before and the realtor did not know about this, the seller's agent and our agent work under the same company, the seller's agent told our agent that while they can't discuss the offer, they said that it sounds like the offer they accepted wasnt going to go through due to lack of financing, and informed our agent that "I highly encourage and recommend your client put in a backup offer" so we did at the 95,000, so now we have 5 days to wait to see if this person can find financing. My question is, what is the reality that the deal goes through or fails? How often does this happen? submitted by /u/Tivum [link] [comments] source https://www.reddi...

Forgive me if I’m being a little paranoid. After applying for an apartment online after touring the model unit and the complex, I was approved within the hour. I’m used to these things taking a couple days at minimum so I’m wondering if this is the norm? What concerns me as well is that within the Lease Application Agreement it states that for an application to be considered completed and for me to be approved I must pay an application fee, an administrative fee, and a security deposit. I’ve been approved and have yet to pay a security deposit or administrative fee and only paid an application fee. I’m also being told the administrative fee will be included in my move-in charges (which includes prorated rent) All in all, this feels sketchy to me and I’m considering backing out of this. The lease begins today (soon I now). My brain is kind of spinning and I have a few questions: Am I allowed ro request a move-in inspection before I pay any of this? I need to know I’m not being ...

Closed on our first home in July. We are in the process of renovating when a chat with the neighbor leads us to find out the state bought their property, and are buying all the houses on the street, to widen the road and add commercial buildings. Two year project starting in Spring. We were NOT informed of this. For context, we are the second house in from a relatively busy road (3 lane, 45mph). The house directly next to us (the 1st house ON the busy rd) is staying but they are using some of their property to widen the road. The house across from them (the house our home faces) is being completely torn down and commercial. This was a serious curveball because had we been informed of this, that easily would've been a dealbreaker for us. Our agent knew we were already hesitant because of being so close to the busy road, but we loved the house so much we compromised. However this changes everything and it seems as though this should have been disclosed. Our property might not be ...

Context from September 2021, Freddie Mac: Racial and Ethnic Valuation Gaps In Home Purchase Appraisals (Please do not leave a comment like "racism isn't real, it's a myth!" or "there isn't enough data!" without at last skimming this -- the sample size is 12,000,000 [12 MILLION ] appraisals for people looking to purchase homes...) CNN's front-page TOP headline right now: Black couple sues after they say home valuation rises nearly $300,000 when shown by White colleague (CNN's top story is about refinance appraisals, not purchase appraisals, it should be noted) Anything in [brackets] is my commentary, and [...] indicates I cut something out. Article begins... **(CNN)**A Maryland couple has sued a local real estate appraiser and an online mortgage loan provider [loanDepot, whose stock has dropped from ~$30/share 18 months ago, to $1.66/share today, ballpark concurrent to this appraisal being done, they were in the news for other reasons --...

https://www.redfin.com/CA/San-Jose/819-E-Julian-St-95112/home/811813 Sold Feb 10, 2011 for $310k Sold Jun 29, 2018 for $139k Sold Nov 13, 2018 for $887k 3 bedrooms, 2 baths, 1500 square feet. Redfin's estimated price is $1.39M Am I crazy for thinking something illegitimate is going on here? submitted by /u/you-get-an-upvote [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wt0yeq/house_sold_for_500_profit_in_5_months/

My house has only been on the market for 2 days and we put in a lot of work to get it ready for the market. I was wanting to list it for 259,000 my agent said 265,000 and we have had only one showing last night. Is that normal in this market? Schools in my area did start back up the day we listed so could that be why? I’m just so worried about it sitting on the market for weeks and weeks and looking more unappealing to buyers. submitted by /u/KitchenMembership3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/wsda90/is_my_house_over_priced/

My wife and I found our first home we are interested in purchasing. Owners bought it in December 2020 and put it for sale in June 2022. Buyer selling since they got a relocation to a Sunny state. Supposedly they rented it out for a while. 1) They did some remodeling, but it was weird that they did not get the molding (floor-wall wood) done. The areas they have it done looks like basic MHD wood painted white. 2) missing room doors & frames almost everywhere. Even some closets don’t have them. 3) the pricing history changes are worrisome over the past years. 400 down to 350. The last two deals fell through due to finance issues supposedly. 3a) Doesn’t look like the home appreciated at all. Similar houses in area are 100k+ more. It is a double lot with a English basement. The ground is very hilly, if that makes sense, as it dips into the empty lot. Grass and trees have not been cut for a while. 4) it had a basement flooding and you can see it in the listing of the drywall being cut u...