Greetings all. My wife and I purchased land earlier this year with the intent to build. We own a home that was late getting on the market to sell thanks to a lackluster contractor, but at least it's up now. We found a house near our land that tick most all of our boxes. We put in an offer, got a great rate locked in until Nov. 15th, but being contingent on our existing house sale to cover the down payment, our contract has now expired. The sellers have been extremely amicable towards us and in discussion, we mentioned selling our land quickly. They were actually quite interested in the land and are discussing things after they went to see it and walked the empty lot. If they come back and want to go forward trading, what's the best way to align things? - The land value covers about 65% of the down payment amount and we can come up with the other 35%. - I understand that the two properties can not change hands in the same transaction in our state (Maine) - My loan office

I keep receiving unwanted emails from a local real estate agent. I've unsubscribed via email links 2x and I've called 2x and spoken to the real estate agent. Both times, he says I've been unsubscribed. And then the next day I get another email from the same email address. The agent is rude AF as well. What can I do to resolve this? I've reported it to the FTC, can I report this guy to someone else? Honestly, if the dude wasn't such a fucking dick, I would be fine just letting them fill my spam folder. But he was super rude both times. submitted by /u/cait_Cat [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yibrfb/cant_unsubscribe_from_realtor_emails/

submitted by /u/throwawayfreshdonuts [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yic464/should_i_consider_getting_several_preapprovals/

State law requires a property owner to establish an escrow/real estate trust account for holding security deposits paid by tenants. Can somebody recommend a financial institution? Bank of America apparently does not offer this to small businesses. (according to my local branch) submitted by /u/mas1234 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yibozd/establishing_an_escrow_account/

I was recently contacted by an attorney representing a large corporation that is wanting to buy my property. The land (700+ acres) that surround my property (1.1 acre) is under contract to be sold. My property is dead center of the land under contract. This kind of has me stressed out, I do not know anyone who has gone through something like this before. Had anyone on here gone through something similar? Could you please share your experience with it, what am I too expect? submitted by /u/Big_B_Green [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yi9yyn/a_corporation_is_wanting_to_buy_my_property/

My mother in law inherited a home from her father that she can’t pay the mortgage on in Pennsylvania. It’s pretty much a tear down but on a nice lake (in a low cost of living run down area). She’s listed it for sale, and unfortunately, she hasn’t been very realistic about the price point. My husband and I are trying to find out how long she has to sell the home before the bank takes over so we can encourage her to price it right as time progresses. In my opinion, it’s currently 75k-100k overpriced as the market changes. Does anyone have any idea how long the mortgage company will wait to take over the sale of the property? She’s been refusing to find out and just ignoring that part of the equation. I am having an extremely hard time finding anything online about the time period she has to sell. submitted by /u/HawkqueenYOLO [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yi82w8/mil_inherited_pa_home_she_cant_pay_the_mortgage/

This is a long timeline, so I'll shorten it as possible. We took the 2020 Covid forbearance on our mortgage with Flagstar bank. In March of 2022 we signed the new modification and partial claim. Flagstar told me it was rejected, but it was signed by all parties and recorded at the county clerks. For months I tried to get them to update the account. In July they send me a new modification to sign with a $200 increase to my payment. I didnt sign it because I knew we already signed and agreed to the previous modification in March but the bank is saying it is rejected, it was not. July they say I am no in foreclosure and will not accept payments. I am told to fill out a new assistance application and start the process over. I do that and then they must have realized their error and my account updates, but now since they have not accepted any payments since June because they said I was erroneously in Foreclosure, which I wasnt, I am basically right back in foreclosure status. Also,

I received a property tax bill from the county in the mail a few weeks ago, with a due date of November 1, 2022 (delinquent due date of 12/10/22)…. It’s for ~$4,500. However I pay into an escrow account monthly to my lender an additional ~$980…. My current escrow balance per my lender is ~$9,600… I don’t see anything on my online account with my lender about a scheduled bill or payment for the property tax bill… How do I know for sure that my lender/the property tax bill will be paid out of my escrow and I am not responsible for it? I am a first time home owner and just want to make sure I don’t default on something! This is in California/marin county if it matters. Thanks! submitted by /u/Ok_Increase_2308 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yi4fzp/received_property_tax_bill_in_mail_but_i_pay_into/

I live in the Bay Area, CA so earthquakes are pretty frequent. Folks who have purchased earthquake insurance pls recommend a good company that provides this submitted by /u/black_mamba_returns [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yhgl0r/recommendations_for_good_earthquake_insurance/

So, I've been looking at a lakefront lot for months (actually offered on it twice). However, the owners, despite having bought it at a foreclosure auction and the property having sat for sale for 390 days, refuse to negotiate on the price. Whatever. So, a virtually identical property right across the lake is coming up for sale at a county tax auction the week after next. It will be conveyed by Special Warranty Deed, and the auction house is advising a title search before bidding. Two questions here: What are the pitfalls of a Special Warranty Deed?, and Is there any difference between my paying a title company to do a title search and my going to the local courthouse to research the chain of property ownership? I've done it before for other properties, and the records at that courthouse are still all in actual Deed books, so tedious to look up, but free for me. submitted by /u/ScarletsSister [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yhf

Any agent worth a snot would advice their clients to only offer pre-pandemic pricing. We are headed back to that within months. Some markets are nearly there already. Brace yourselves vatos. submitted by /u/Altrarunner [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ygt509/prepandemic_pricing/

Are we ever going to see a sub 4% for a 30 year fixed ? submitted by /u/Dr-Eggman23 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yhbpzw/lower_rates/

I have a very important question for my guys. What has the highest future value and demand? House to condo? Example The House = Gives you more space, Garden, bigger Garage, but you lose the most valuable thing and that is the time, you suffer in the traffic and you suffer of Gasoline. Condo = Gives you less space, but gives you something very valuable and that is time, you get anywhere very fast, you have more free time and you are more free for more hobbies or studying. What is really better to invest in? Why do many people have the idea that "the house is your own space" but, do they really use all that space completely? I want to invest in Condos in the future, my relatives don't agree but I consider that the value of "time" is important. -What do you think? -As a real estate salesperson, what do you think about this? -Is the quality of life trend better in vertical housing? (Condo) submitted by /u/OkWall1298 [link] [comments] source htt

Hi guys, I am wondering if you can give me advice on my current situation. We live in the Seattle area and currently building our next primary res house in Texas. Option 1 : We can sell our 1.4M property in Seattle area which is on a 3% 15 year mortgage now (we owe 600k), and invest all remaining funds into several texas investment properties, at today's mortgage rates (~7-8%) on 30 year notes, and turn them into STRs. We don't need the funds for our primary res build. Option 2 : keep Seattle house, turn it into an STR, and just buy 1 house in texas at today's mortgage rates for STR purposes using an existing HELOC on our Seattle house. Here's a couple interesting facts: Seattle area values have already dropped 12.5% to 19% in our area in Seattle since March 2022. In our area in Texas, values have not really dropped. My wife would also manage all future STRs and that would be her only job. Option 1 pros all of our STRs are close to us and this is preferable esp

Purchase contract said washer/dryer were not to be included, but 8 days after closing no one has come to pick them up. Ironically enough I negotiated 4 different times with OfferPad to get the washer/dryer to be included with the purchase and each time they denied the washer/dryer request. Do I have any obligation or expectation to contact OfferPad about the washer/dryer? My realtor just said the house is legally mine and that maybe OfferPad made a mistake. It is worth noting the for sale yard post was removed this week. submitted by /u/waaz_techpursuit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ygkj5g/washerdryer_still_at_house_8_days_after_closing/

For example, in the context of a written will/trust when someone passes away. Can you make a house unsellable, not able to be sold through legal or other documented methods? submitted by /u/joemac364 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ygkoen/is_it_possible_to_make_a_house_unsellable/

So, house that I'm buying has a septic issue. Origionally it was downplayed as a leechfield line. However, now it looks like the whole system may need replaced. I still really want the place, but we are coming up on the closing date pretty fast. What is the best way to do this contract so that the seller will have to pay to replace this septic system and still be able to close? Thanks everyone in advance submitted by /u/hammer696969 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ygkn4g/how_to_go_about_this/

I will be looking to put one property for sale, but I'm having trouble setting a price for it, since there is no comps nearby, and most of the nearby zoning is residential. I've had the property for 10+ years, and the purchase price was 110k. The county assessed value is 156k, but I would definetly not sell it for that. Is there a way I could get an accurate price for this property, or somebody that could help me out with this? submitted by /u/mx07gt [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ygix5c/tx_how_to_properly_price_commercial_property_with/

I bought a house recently and haven’t even made my first payment yet.. as excited I was to buy the house it made a complete 180. I am 24 years old and a veteran so I used my VA home loan to purchase a house. My house is 4 bedrooms & 3 bathrooms and I bought it because it was well within my pre approved range. I love everything about the house but my biggest mistake was rushing in to it. I have come into a realization that it has been a big mistake. Every day I’m depressed. The car ride to work and from work almost equates to 2 hours. I used to love going to the gym but gyms are now 20+ min commute and it’s just a big inconvenience to my day and my girlfriend’s as much as I love the idea of being a homeowner I don’t think I can live here anymore and it’s driving me insane, anyone have tips on what I should do? Should I have a realtor list it now and expect to have it sold within 2-4 months ? What kind of expenses will I have ? I’m so lost and I am definitely not afraid to admit tha

So my parents just transferred the deed of the house to my name. When they bought it was 70k now it’s worth around 250k. How much in taxes am I liable for. When I owe in April. Any help would be appreciated. And no they didn’t pass away they just wanted the tittle to my name. And no they don’t owe anything on the house or owe back taxes. Title is clean. submitted by /u/Few-Pain-3220 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ygdrf2/title_change/

I found a property on trulia for rent and went to see. I liked it, saw the property twice and asked all the questions to the agent showing it to us. Then I went to their office to give the deposit, there was the owner and I gave 1000 out of 2400 deposit to him. When met that guy, he was a complete a***ole and I changed my mind because he will be the one who I will have to deal with for any issues in future. So I just asked him to return my money and I decided to not go forward. By this time, there was no lease papers and he gave a receipt that we gave him money. After that he responded once and then he stopped replying to email, calls and no one is at their office. The lady who showed us the property also blocked the numbers. What should I do to get my money back? Pleaaaase help! submitted by /u/typicallynids [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ygci3w/agent_took_money_and_did_not_return_please_help/

I am curious to hear from anyone willing to share how much over/under their appraisals came in and if the builder were willing to negotiate down on the price if they appraised under. Obviously, they don't have any reason to and they wouldn't ask you to pay a higher price on the appraisal, but we are in different market conditions now and I am wondering if builders are just looking to close on the homes. I am projected to close in January 2023 and we have not gotten our appraisal done yet. submitted by /u/rembrandtreyes [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ygbv98/new_construction_appraisals/

My husband is buying a home for our family. He has become disabled and now owes back child support as a result. We’ve always taken care of the kids and love them dearly their mother is just heartless/bitter when it comes to him and allowed it to rack up while he was hospitalized/deathly ill long term and we are now going to court next month to try to straighten everything l out. Be that as it may, he is now receiving va disability and is in the process of buying a small, low cost home with his va loan . We live in PA, back child support is in NJ. I am his wife but I am not on the loan. My question is, what is tenants by entirety, how can we utilize it? will it ensure my claim to the home in any legal scenario (divorce, sale, lien etc.) and if child support or any other debt of his were to place a lien on the home or attempt to force a sale (to pay back debt) would I have any legal right as an occupant and owner (via marriage) to keep our home and fight the lien? Please help. sub

As a review appraiser who often sees Opendoor buying a property above market levels and selling for less than what they paid, I am wondering: are they they just REALLY bad at flipping houses or am I missing something? submitted by /u/StrictInitiative1917 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yfsu89/opendoor_question/

I am looking around at condos and I am seeing some of them say absolutely no pets allowed. This post isn't to challenge their authority; I just want to understand why there would be no pets allowed rule in the first place. I understand no dogs, since they go outside and can, arguably, create some level of disturbance; but...no cats? I am literally paying for the right to own a unit that is my responsibility. The flooring, the walls, everything is MY responsibility. How is owning a cat, or a hamster even, going to compromise the experience for other tenants? A cat doesn't go outside. A cat doesn't phase shift through walls. A cat doesn't create odor (my cat is extremely clean and I change her litter twice a day). I am assuming "odor" is the reason a cat would not be allowed in a condo. Can anyone confirm? TIA! submitted by /u/GloomyMelons [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yfqp5p/can_someone_explain_to_me_why_a_co

I got under contract for a new build construction in March of this year. At the time we signed the contract, the home was already framed out with major plumbing/electrical work completed. The builder told us he would "push for 75 days" but that it would be more likely 100 days to close. Based on his guidance, we waited a couple weeks from that meeting date, and then locked in our mortgage rate for 90 days. Following that meeting, the builder's attorney communicated a close date to us for late May, which was perfect for us as our mortgage rate lock expired in mid-June. There were then several delays in the construction. We aren't naïve and knew to expect normal course construction and supply chain delays a typical part of the process, so we made sure to apply for financing through a lender that allowed you to hold onto your mortgage rate lock with extension fees (which was clutch as we've watched the rates skyrocket since then). Due to the construction delays an

Please forgive my apparent lack of understanding if this is just a super dumb question, I really have very little knowledge how this all works behind the scenes. Besides reducing the Fed's rates, which is our biggest tool against inflation, does there not exist an out-of-the-box theory on how to combat mortgage interest rates independently? I know, for example, the treasury yields have an impact on mortgage rates, so there are other factors that are in play. Can't someone put some instrument or policy in place to ease these hike in rates besides us all paying for it again? submitted by /u/joeyda3rd [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yfm568/isnt_there_something_that_can_be_done_about_the/

For example If you bought a home for very cheap many years ago and then now today it is paid off and worth 10 times more. How can you use all that gained equity to help with retirement? Is a reverse mortgage the main way to get retirement type income on a regular basis that is being paid from the equity of the house? submitted by /u/FL555 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yfh2rg/how_to_take_advantage_of_home_equity_for/

For a house deed in Ohio submitted by /u/RagingAddict73 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yevbo3/is_a_notarized_affidavit_of_transfer_upon_death/

Hi All, I hope this is the right sub to post this in. Any insight is welcome. I’m a tenant and recently had a lot of water pour into my bedroom from a busted radiant heat pipe that travels along the ceiling in my apartment. Luckily for me the only piece of furniture that I was unable to move out of the way is my bed frame. My issue is that the carpets have been wet since Monday (it’s now Thursday). A water extraction company came Tuesday but as of this morning the carpet is still wet to the touch despite two fans constantly blowing. The smell is also god awful and I know the pad is soaked. The complex is only offering a cleaner to come and get the goop off the walls (there was a lot of discolored water dripping) and to shampoo the carpets tomorrow (Friday). I have expressed to the manager via email and voicemail (she has not returned my call. I only know of the carpet shampooing because the maintenance person called) that I am concerned about mold growth and I think we should dis

So many big time YouTuber real estate guys are saying there will be a crash. Due to the Feds antics. But I can’t imagine a crash given that everyone who overpaid for a house, still qualified. Unless people are laid off in the millions, I’m not sure how there could be a crash or a correction of 40% or more. I can see 15% at most… If I’m a seller that bought during the peak, with a low interest rate, why would I dare sell my house for less then what I paid unless I’m forced? Just some of my thoughts, would love to hear your honest input submitted by /u/matrickpahomes9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yes3go/do_you_honestly_believe_there_will_be_a_huge/

submitted by /u/Lonely_Peak_3800 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yeqszp/get_the_magnificent_and_spacious_property_birla/

submitted by /u/IllustriousTill3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yeouuj/i_want_to_break_my_lease_in_ct/

We signed a purchase agreement on a new construction property in back in 3/2022. It is set to close within 2 weeks of time. Recently we identified that there is a steep slope in the backyard and the house sits on the lower end, with slope going towards the house. We looked over the documents that we signed and nothing mentioned that the backyard will come with a steep slope. The property across the street does not have this issue so do many other units. The builder is trying to withhold our deposit when we ask to cancel the contract (roughly 15k) which is not a surprise. As it is kind of builder's fault of not disclosing the backyard slope when we sign the purchasing contract (and the property is built on a flat ranch land next to an airport!). Was wondering if there is any chance of getting the deposit back or if anyone has a similar story to share. submitted by /u/jasonp03265 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yekxus/issues_discov

Hi all, We recently discovered we have had a leaking roof and parts of the ceiling in our bedroom are sagging a bit. Looking into it, it turns out our roofer had forgotten to fasten the turban before they had left, which allowed a lot of water to seep in. They are fine repairing the damage, but since it had been several months since they repaired our roof, I want to check if there has been any mold damage due to this. How would I go about getting that analyzed? submitted by /u/qwerty622 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ydwhj0/roof_leak_next_steps_how_to_assess_for_mold/

About to sell our 100 y/o house that we have lived in for 25. It is perfectly livable but has a lot of the typical "old house" issues that scare a lot of people off, and could use some updating. It's in a very desirable middle/upper middle area near St. Louis. Comps suggest that if it was completely updated and as perfect as possible it would sell for around 400k. I estimate it would take $80k of work to get there. So I am debating listing as-is at the low end vs padding the ask, knowing buyers will ask for the moon once under contract. I'd rather have low stress than squeeze every last penny out. How would you price it/list it? submitted by /u/algebraicSwerve [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ydw91d/pricing_an_older_house_that_needs_updates/

submitted by /u/EasilyQuestionable [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yduori/question_my_offer_was_accepted_by_the_vendor_can/

Can I have multiple refinances going at the same time, meaning I’ve signed the disclosures and they’re in underwriting? Can I cancel a refinance without cost to me assuming it’s a $0 at closing rate and term refinance? I’m in a very rare situation or so I’ve been told where underwriting can choose to deny the refinance at the last minute, and there’s no cut and dry approval process to lean on. All the LOs have told me “we’ll have to wait and see what underwriting or title says”. Due to rate hikes I cannot afford to wait on one just to be told nevermind we can’t do it. submitted by /u/onemorethrowaway2000 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ydt8qk/multiple_refinances_and_canceling/

I am purchasing a home for $62,000 on FHA. My closing costs are $7,581.00. This doesn't feel right to me. Any idea what the lender might be doing? I close on 11/11. Thanks! submitted by /u/lilbunnikins [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ydsf2f/closing_costs_are_around_12_is_this_legal_am_i/

submitted by /u/Willing_Frosting9310 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ydrzm2/what_methods_does_realtors_use_to_gain_leads/

I’ve heard arguments for both sides. Some people say a lower price is better because you can always theoretically refinance someday whereas you can’t change how much you bought the home for. Others argue that buying at a lower interest rate is better because people oversimplify how easy it is to refinance due to factors such as home appraisal, etc. that need to be taken into account. Curious to hear opinions on this. submitted by /u/zarkles [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yd6ekj/higher_pricelower_interest_vs_lower_pricehigher/

I keep hearing this is a horrible time to take out any kind of loan. But I'm wondering if it's for an ADU that will be rented out, would it be different? We've been wanting to concert our garage for a few years now and our property has increased in value a lot. Any advice on this? submitted by /u/avelas55 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yd66gm/is_this_a_good_time_to_take_out_a_heloc_for_an_adu/

Does anyone have a lender that can do a cash out refi, with 600 - 630 credit ? submitted by /u/loanofficer-broker [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yd551b/cash_out_refi/

Any one know of who is giving the lowest VA interest rates. Please do not talk about rates given months or years ago. Also any programs for Va 60% disabled vets to help with closing cost. submitted by /u/PresentationAsleep91 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yd3o54/va_interest_rates_and_any_programs_for_housing/

My family is poor, but I’ve been financially very lucky. My mom is an alcoholic and I haven’t had a relationship with her in over a decade. I know she is on a tight budget and I’d like to pay off her mortgage. No I don’t care if she turns around and borrows against the property. She made a lot of sacrifices for me growing up, regardless of how things are now. Can I find out who holds her mortgage and write them a check? I’d love to avoid the bizarre emotional roller coaster of having to go through her to do it. submitted by /u/gropethegoat [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yd19gt/no_relationship_with_my_mom_but_i_want_to_pay_off/

I had a 2 bedroom 1 bath go up for sale for $359 over the summer. The broker was doing very weird things and I canceled the contract with her. In the 4 days it was up I had zero showings. Signed with another broker who priced it at $285 which is the appraisal price. Have had 9 showings in 4 days and multiple offers at full price. She wants to do best and highest by tomorrow night, Wednesday. It seems really fast at only 4 days on market but she says buyers need a close upcoming cutoff date or else they drop out. Does this seem too fast? I do have concerns that the broker has her own reasons for making this happen pronto. My concern is driven also by the positive reactions of clients, house is a small but unusual industrial style on 8 acres with streams and overlooking a river. submitted by /u/arcticranger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yd1av9/am_i_selling_too_fast_and_too_low/

I am looking for a dependable property management company in Denver, CO area for out of state investors. submitted by /u/raddataguy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yczq95/looking_for_recommendations_on_property/

Inflation is consuming the news headlines, and some of our wallets. It is no secret that everyone has experienced inflation over the past year. On average families are spending $500 dollars per month more than a year ago. If a family's income did not increase over the past year it may be unable to pay for everyday necessities such as groceries, utilities, gas, etc. To alleviate some of the pressures of inflation we are working on an idea to stretch property tax payments to lower month-to-month expenses. We're requesting your input for this concept's approval and thank you for your consideration: Currently only for people living in the US. https://www.surveymonkey.com/r/9KK6VXZ submitted by /u/123getsetgo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ycy52u/property_tax_financing_tool/

Relocating from Portland, OR to Seattle, WA - I signed a 12 mo lease a week ago, but the lease term doesn't begin until 10/29. Reletting expense is 2x rent which is standard. However, it looks like may have unexpected family obligations arising which would prevent me from moving to Seattle. My question is - - if I back out of the lease now and terminate prematurely before the term begins, is the reletting expense still payable? The lease's language is ambiguous regarding this particular clause and the associated timing. It would really suck to have to pay $3500 to get out of a lease that I never even picked the keys up for. submitted by /u/Brilliant-Raisin4397 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yc3qci/signed_a_lease_but_the_term_hasnt_started_am_i/

On October 20, the United States released the existing home sales data. Let’s combine the data on new homes in the United States to see what the two data paint the picture of the U.S. housing market, and what are the implications for future housing prices and the U.S. economy. ​ Home sales in September fell 1.5% month-on-month to an annualized 4.71 million units, the lowest since May 2020 and in line with market expectations. This is also the longest decline since 2008, falling for eight consecutive months. Compared with last year, it has fallen by nearly 24%. However, Yun, chief economist of the National Association of Realtors, doesn't think the housing market is over, and he expects the number to fall further based on the number of existing loan applications. ​ Looking at the breakdown, sales of low-priced homes fell the most, with sales of homes between $100,000 and $250,000 down 28.4 percent year-on-year, and homes between $250,000 and $500,000 fell 17.9 percent. Houses o

Good Morning All, I know you may think - not another should I sell post. But I really need advice as I am going through a divorce that is rather contentious (not my choice). We purchased our home in FL last July with a VA rate at 2.8%. I did not want the home but for reasons I will leave out, we bought the home anyways. My spouse decided to divorce me 2.5 months ago so we are just starting the process and I wanted to list the house asap. Well, my spouse decided they would like to drag their feet on signing the listing paperwork and are coming up with every excuse possible, including my listing price being too low. I priced the house aggressively to get it sold but not to take a loss. With them dragging their feet now for over a month, I am growing increasingly concerned that the house will go from minimal profit to a loss especially with rates going up again in Nov. I have no interest in being a landlord but is it worth it to try and find a renter to ride out whatever is going on i

What the hell is an AVIS code? I'm looking up deed records on my local county PVA site and I cannot for the life of me find any information on the internet to tell me what the hell an AVIS code is. I have no clue what I should even be googling or why it is so important. All I know the harder it is to get an answer the more I want an answer. The almighty internet has failed to answer a simple single question. Also on the PVA site I notice a record will say "retired" in red next to the PIDN. It blows my mind how vast the internet is but its so hard to acquire certain knowledge. If someone could please elaborate or even just point me in the right direction, I will forever be grateful! Honestly wouldnt mind if someone could elaborate further on how the whole public records on a PVA website works submitted by /u/Next_Industry_6025 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yc4jqd/requesting_knowledge_regarding_pva_website/

I bought a new construction last month in Phoenix. I locked in rate at 4.6%. I make about 220k. My wife makes about 40k. The house price 600k, I am anxious about the sudden drop in prices. I am having sleepless nights what if the price drops to below 500k. I am seeing a similar house listed by builder for 520k. I felt like I lost 80k in 40 days. am I overly concerned? I am kicking myself for taking such a bad decision at this time of recession. realestate #buyersremorse submitted by /u/satsreddit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yc38ps/deep_buyers_remorse/

That's what I feel. Soon the rate will reach 8.5 percent or 10 percent and the price refuses to come down. Sellers are spoiled. Isnt house price keeps going up during the 70s stsgflation? How long did it take for the price to come down? But I don't think we will see rate drop anytime soon, or maybe for another decade. I feel like the QE era has come to an end. submitted by /u/coconutbabe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yc4b24/do_you_feel_like_youve_missed_the_real_estate/

Hi! I'm a guy in my late 20s with a safe career. My salary is 80k/year and I am slated for an increase to 100k mid 2023 due to hitting an employment time milestone with my company. My credit score is 783. I have about 20k left (50% paid off) on my car loan that I pay $600/month for, but I get reimbursed about 2/3 of that from my company as a fixed rate, and I receive mileage reimbursement on top. If Biden's loan forgiveness goes through, I'll have about 12k remaining on my student loans, and 22k if it fails. I had lived in an apartment in a major city in MD for the past 2 years. Rent was about 1700/month. I left recently due to an insane 30% monthly hike if I wanted to renew my lease. Been staying with my parents for a couple months contemplating what I want to do. Paying a small amount and helping around the house etc. but obviously not a permanent solution for a guy who values his independence. I'd like to start building equity in a home rather than burning half of

The inspector noted that our HVAC and furnace are both past the expected end of life. A lot of items were what 2 different inspectors called "Mickymoused" and the seller lied about the square footage during the open house we went to which we only found when we were shopping for home insurance and Geico pulled up the square footage from a record or from the assessor or something. The lie about the square footage not including the unpermitted garage was what made us accept the counteroffer from them. We expect a lot of credit to fix non-cosmetic issues, but would the HVAC and furnace be a valid thing to ask for credit as well? I'm almost at the point of walking out of this deal due to the amount of neglect of the property and the lie from the seller/agent. It's technically not broken yet but the inspector said the owner should begin budgeting for a new system right away. Prices on a lot of homes are falling at the moment and I have no doubt if this home goes back on t

I have a house that has a total mortgage payment of around $2300. This includes everything. I live in the inland empire. CA. The house is valued at $650k. I'm looking for someone to assume my loan and has the ability to come up with $200k. The interest rate is very low. submitted by /u/Alt915 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yc3i50/assumable_loan_with_low_interest_rate/

Let me start by saying I know this is a terrible time to sell. My wife and I decided to cash out of the home we built together in AL (sold June 2021), and we used the proceeds from that sale to buy a historic home in another town 20 mins away in Columbus, GA. We thought it would be fun to live in old home. We knew it might not be someplace we'd stay in forever, but we wanted the experience. The home was built in 1905, and there have been a few issues come up along the away. Old homes are like old people, they need more care. I didn't understand this when we bought the place. I'm already an anxious person, but this has pushed me over the edge. I work from home, and all I do is think about the house. Things that could be improved and potential issues I want to prevent. Was that spot on the ceiling always there? Do I need to replace that appliance now before it becomes an issue later? It's not a bad home, but it's too much for me. Almost 4,000 sq. ft. with a large f

Just listed my lower-priced single-family home and I have two offers already. One is a somewhat lowball quick close offer, the other is an FHA buyer who offered 10K more. Home definitely needs some updates but everything works, and is being offered as-as. The home should pass FHA requirements and my realtor is highly experienced with all types of sales. I’m leaning toward going with the FHA buyer just because I assumed that they are a first timer trying to get into the market but what, if any, pitfalls should I watch out for here? I own the home free and clear so I don’t really need to squeeze every last dollar out of it. I really just want a smooth sale! Of course, I’m asking my realtor these questions too. Just looking for a few opinions from the trenches! submitted by /u/LMShep [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ybjbo6/lowballish_cash_offer_vs_fha_buyer/

Here in north Dallas, I still see houses still not dropping given the high rates. I saw 5-10K drops. Come on really? The sellers are still delusional that they will get cash offers and will sell in hours like they use to. One house I saw on Zillow was 500k in 2021 now the seller has listed 850k. Still not sold. I feel we are about to see some major decline in the asking price that house should be maybe under 600k. yeah, you can always refinance but this is just insane. Price is high and rates are high. this is a lost situation for buyers. submitted by /u/rootbeerspin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ybi4c7/not_seeing_large_drops_in_prices/

I booked a house six months back and the house is yet to be ready. As the prices are decreasing, i found a better price and rate. Can I cancel the purchase agreement as a buyer's default? Is there any legal complication? submitted by /u/Acceptable-Anybody14 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ybfcyi/can_i_backout_from_contract/

Hi I'm looking to buy new construction in the boonies of San Diego. The developer is raising the price with the release of a lot every few weeks. They are doing interest rate buy downs by 2% for life of loan. With the increasing price I'm getting nervous and want to put deposit and sign contract. Any thoughts on why I should or should not move forward? I should mention I'm currently renting and lease end when the house would be ready. Also the new construction is towards top of my budget but really no other housing in the more populated area is in my price range. This is single family home and I'm not interested in condo or townhouse. Thanks for your advice. submitted by /u/onion_n_wine [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ybb4ld/new_construction/

We didn't receive an initial closing disclosure until Thursday, the lender told us it was fine as long as we dated it as though we had received it Tuesday. We went ahead and closed Friday. I'm mostly wondering what are the actual consequences for the lender when it comes to violating the 3 day rule for issuing the initial closing disclosure? submitted by /u/throwra_3rdtimecharm [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yb9s7p/closed_on_friday_can_we_cancel_a_mortgage_for_a/

Hi All, Is it possible to sort all the houses by the $ (or %) price drop (or raise) either in a zipcode or map area? submitted by /u/thedead69 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yaqfrg/sorting_by_price_drop_amount_on_redfin_zillow/

I really appreciate your help and ideas in advance: ​ So, if I want to make an online platform (we are not in the US, we don't have Zillow), only for rent. I'll basically be connecting the realtors (and the agents) with people looking to rent, and will make a commission of 5-10% on each rent. How can I ensure that the customers (AKA people who want to rent) will pay through my platform and not go around me and make a deal with the realtor/landlord behind my back to rent without paying me the commission? submitted by /u/Wonderful_Success492 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yaof7c/ensuring_payment_rentals_platform/

Photo and Video Requirements I have a photographer showing up tomorrow and it'll be nothing but clouds, so I'm going to take a few of my own pics today. My buddy who does pro drone work is also stopping by. Anyone know file type and size limitations on photos and video for the major MLS sites ? Thank You !!!! submitted by /u/GRIENDRR [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yann9m/photo_and_video_file_type_file_size_limitations/

submitted by /u/BeachBroker [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yao2mm/two_bed_2_bath_oceanfront_condo_for_sale_in/

Looking to buy a condo that was built in the 60s and also on a river. It is on the 10th floor so flooding shouldn’t be a problem. The complex would obviously be responsible for the roof and walls but anything major that should be considered? submitted by /u/keepingitreal0 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yaln2f/condo_built_in_the_60s/

Now they’re asking for double and I have to sell. I feel like the biggest idiot submitted by /u/AlexisMarien [link] [comments] source https://www.reddit.com/r/RealEstate/comments/yagi7e/i_didnt_realize_the_drastic_increase_in_my/

Thanks all for your insight on my house in another post. I’m looking for insight on the San Diego market (North County, Rancho Bernardo/Escondido). I am working with a realtor but when I ask for clarification/direction on what to offer for a house this is being left on my plate. This house linked below has been on the market for 44 days and has done a good job at dropping the price. Would you say this house is now priced to sell or does it need to drop further in price? https://www.zillow.com/homedetails/17627-Frondoso-Dr-San-Diego-CA-92128/16739820_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare In addition to looking at CMAs, time on market, last sell date, upgrades made, what other factors should I look at/tools to use to best calculate what I should offer? Many thanks! submitted by /u/arlyte [link] [comments] source https://www.reddit.com/r/RealEstate/comments/y9z9oc/san_diego_market/

If laid off and I cannot find a job within 3 months, I am kicked back to Canada. I'm curious what the conenquences are, will the mortgage I purchase be charged higher becuase I am no longer a residence of the states, etc? am I now considered a foreign investor and have to pay according as such maybe resulting in a lower cash flow due to tax laws, etc? ​ I do have my family / a house at Canada, so I do have a safety net if all things go spiraling down. submitted by /u/badboyzpwns [link] [comments] source https://www.reddit.com/r/RealEstate/comments/y9yi82/canadian_on_tn_visa_conesenquences_of_buying_a/

I am the only one on the mortgage - because we were married when I purchased the home we are both on the deed. I am planning on offering him half the equity (I know I have to keep 20% of the house equity in - I'm not planning on getting all the equity) after debts paid to get him out - outside of having to get a much higher rate is there anything I am missing? submitted by /u/ImANobleRabbit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/y9w25h/cash_out_refinance_texas/

I'm representing the buyer. What's the best way to ask the seller to help contribute towards a new roof? The roof is 16 years old and shows signs of needing to replace it. Would u ask seller to replace even though it's fine now? It's just basically old. submitted by /u/kmv2477 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/y9tv08/best_way_to_ask_the_seller_for_money_for_old_roof/

Seeking advice here- does a homeless person have a shot at getting approved for a home loan? I am 24f and have lived in my car for over 3 years now. Long story short, I spent a good while fucking around and finding out. Recently I have been getting my shit together and I work full time bringing home about $800/week ($1030/week gross). Because I live in a car, I have minimal bills and can pocket most of my check each week, so I’ve been saving thousands per month since I started this job. I owe about $3000 on my car and I have around $3500 in cc debt that I’m paying down, and then my only monthly expenses are car insurance ($150) and gas (~$200). Technically, I could pay off both right now. In my head, I should be considered an excellent candidate for a mortgage- good credit, will have all my debt paid off, large savings/down payment available, etc- but I have a feeling it won’t play out that way. I’m not trying to buy a house tomorrow or even this year, but when I do, will they laugh

Yesterday we made an all cash offer on a home that needs a full remodel, has been on the market for 40 days and has not lowered the price. We offered 18% off asking, with 3% deposit, 17 inspection contingencies close in 21 days. The seller realtor first called and said her client is offended and won’t make any counter and gave comps from 6 months ago. Then 12 hours later our realtor called us and told us she spoke to seller realtor and they “agreed” on a price that the seller would accept and we can make another offer. I told her we don’t counter against ourselves and to let them know seller can counter. We certainly aren’t going to submit a new offer before the deadline of the original offer. Despite feeling our realtor isn’t working in our best interest, any suggestions? How much should we go up? We have been watching the market for some time and only move in ready homes seem to be selling in our area. Even those seem to stay on the market for some time. We are in a desirable area

It's the broke life for me. submitted by /u/HopefulHomey [link] [comments] source https://www.reddit.com/r/RealEstate/comments/y9ls9q/when_you_wait_5_years_for_house_prices_to_fall_10/

Sorry if this isn't the right place but my landlord just evicted me and I'm desperate. Looking for a new place ASAP, but weirdly no matter what I do I cannot get Experian to lift my Credit Freeze (which I implemented myself!). Transunion and Equifax are ok though. When landlords do their credit checks would they be willing to not check Experian and use one of the other services? Or do they think this is a crazy red flag that I ask this? submitted by /u/r2002 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/y8uvtl/i_cannot_lift_my_experian_credit_freeze_would/

My wife and I have searched for months to find a lender that will work with us. Not because of poor credit or lack of funds. My wife is a 1099 contracted medical worker making $300k+. She hold an LLC and files as an s corp, has doesn't have two years of tax returns but has a long term contract agreement. I'm a W2 employee who has had a consistent employer making six figures for a few years. Our DTI is around 6% right now. Our letter of commitment was due yesterday, my lender called me to tell me underwriting denied our loan because they didn't understand she had an LLC/Scorp. This was all disclosed in June of 2022. The lender has escalated our issue for an exception, I provided the current balance sheet and P&L to prove the business has virtually no expenses other than Internet and a few hundred dollars in office supplies. Any advice on other things I can do? Am I going to lose my earnest money deposit over this? Oh yeah. We will also be without a home of this falls

I'm learning about real estate investing, but I have a constant question in my mind. What's the point of buying a house that if everything goes right you'll reach the breakeven point in let's say 4 years (considering rent fees income)? From what I understood and seems to me more reasonable is that by increasing the monthly rent fee that tenants has to pay, the value of the property increases proportionally, so than if we sell the property we'll earn good money. Talking numbers: I buy a 1 million dollars house. Let's say there are already tenants that pays 1000 euros a month. I increase the rent fee of 30%, now the property worths 30% more of when I bought it so 1.3 millions. If I sell the property I will have earned 300k. Is it right? I find the analogy with buying companies. If I buy a company that is worth a million dollars, because it earns 100k a month and then I manage to increase the earnings to 200k a month, then the company will be worth 2 million dolla