Can I just say that I absolutely hate all of the new homes that are built this way. They look hopelessly cheap and in my area (DC) they can go for over 1 million. The neighborhoods look like a fake old west town on a studio lot. That’s my rant. I will never buy one of the houses. I hope you don’t either. Builders did it this way to increase their margins. Let these monstrosities sit on the market. Apologies to any one with a house like this. You probably didn’t have a choice. submitted by /u/woodspaths [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zzvkfo/brick_or_stone_front_w_siding_on_the_sides_and/

Hi everyone, First just want to say, I feel incredibly lucky to even be in this present situation - just don’t want to ruin the good fortune my family has had over the last couple years. We bought a shack at the beginning of the pandemic, it ballooned in value, we felt financially stable for the first time, and decided to start a family. Sold and bought house #2 that had an extra bedroom - at 3% interest but top of the market craziness. Well, we had twins, and suddenly the 1 extra bedroom in a city far from family wasn’t going to cut it. I found a much better job near family in a HCOL area - they pay for relocation, including closing costs and up to 50K loss on home sales. We bought house #2 at 690, but now having trouble selling at 650 and under contract on the new home in HCOL area, will likely need to move before selling house #2. We can /just/ afford both houses at once, but not comfortably. Based on comps in current market, we could probably sell at 600K easily - that would be...

Since my home hit the market roughly before Christmas, there has been consistent multiple showings. I’m not sure why my agent doesn’t reach out to them to see if they want to write offers. But so far, I only have one full price offer. However, their terms are contingent on the sale of their home. I cannot wait 2 more months. What can I have my agent do at this point? submitted by /u/itsjulius12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zzq20r/for_the_last_10_days_my_home_has_multiple/

I know the contract stipulates that the seller shall give the buyer a clean title at the time of closing, however, how can I be sure of this? Do I need to hire a title company or lawyer to conduct a thorough search, or will the deed itself say “clear title” when it is transferred to my name? Reason I ask is because of a pending court case as a lien on a house I want to buy, which I have been assured will be removed at the same day as closing. We do have title insurance, and our title insurance company is confident that it will be removed, but I’m just curious how folks actually know that they’re receiving a clean title when it’s transferred to their names. Pardon my ignorance in this post. submitted by /u/Paperteeth100 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zzpnwb/how_do_i_make_sure_the_title_is_free_and_clear/

Meant to post this on this sub, but was wondering what you all thought about this: My fear is that they transfer the deed to me but the lien isn’t removed. Granted I know this is what title insurance is for (we bought it), but I still want a clear title. Divorce court case is showing up on the title. My agent said that the lien will be removed at the county title office(?) on the day of closing on the same day that the deed is transferred to my name. Does this sound real? Seems weird to me that escrow is removing this lien and then at the same time transferring ownership to me. Is there anyway I can confirm that the lien is off the title before the home ownership transfers to me? submitted by /u/Paperteeth100 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zzof8m/help_homes_title_has_a_lien_on_it_divorce_case/

I bought my primary residence for a fraction of it's current value. I have no mortgage. If I found someone in a similar situation who was willing, could we trade houses straight across with no cash exchanged to prevent or reduce capital gains? submitted by /u/aguanut [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zzl932/house_trade/

I live in an area where they do periodic reassessments every ~3 years (we were not reassessed after our purchase in 2020). We purchased in late 2020 for a little over 700k, but the assessment from 2018-2022 didn’t change (previously 575k). Just got our new assessment for 2023-2025 back at 825k. I plan to appeal, but I don’t expect them to budge as the most recent sale was our neighbors house directly across from us which is almost 400 SF smaller but sold for ~900k. Basically nothing for sale with in a few miles radius either, so no new comps expected to appear before the 45 day appeal window closes. The new tax will be phased in over 3 years, so we won’t pay the full amount until 2025…I believe this is due to our homestead exemption, which kicks in to soften the blow from large assessment increases. The county site isn’t updated with the new assessments so I can’t see if everyone else also saw similar increases. No issues with affordability for us or anything like that…but this is w...

I have read many books, watched videos, communicate with investors in events and understand that building successful connections with people is essential to do joint venture as such. However, what I would like to know is how do you make the necessary connections with people whom are already successful or who are already starting out. From personal experience due to my young age and having no experience people tend to not take me seriously. The funds is also a big part. I feel that joint venture would be helpful to start but I have not been successful at this. I have looked at R2R accommodation but for this the landlords need to see that I have had other success in doing R2R which is fair enough. Any help would be appreciated. I would like to even talk one on one with someone or maybe work for someone for free to learn the things necessary to start out. submitted by /u/ReputationFabulous79 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zz16x4/how_did_...

I know everyone talks about location location location, but if you don’t need good schools, wouldn’t it make more sense to get a new nice house in a shit area? My area is so segregated and ungodly expensive that builders knock down turds in the hood and build new homes there. They are about $300,000 cheaper than the same home in a “nice” area. Bad idea? submitted by /u/Adventurous_Resort47 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zyx2oj/new_construction_in_the_ghetto/

Back in the 1920s my great grandparents bought property in Arizona and I've been told by in an untrustworthy source but, also the probable executor of the estate that, I'm the co-owner of property in Arizona. Unfortunately, they have only told me about it and I've never seen paperwork or the property. I believe it exists because she's trying to build on it but I don't have any legal documentation of ownership. I've gone no contact with the probable executor and would like to keep it that way. I'm going to have other questions but I should first confirm that the property even exists and that I have a stake in it before I get too far. ​ For context the probable executor/ unreliable source is my mother and my co-owners would be my siblings, 2/4 of whom I've gone NC with and the probable executor of the estate knew that at the time. Edit: I do not know the city the property would be in. From what I've been told it doesn't have utilities and the...

I'm really naive to credit scoring and am very frustrated to learn that my score went down significantly this year because I started running a balance on my card between quarterly bonuses. Never missed a payment, just used it a lot. Now I know that the algos don't want you using more than 30% of your available credit. Now that I know that, I'm going to remove the card from my wallet and reserve it just for car rentals and anything else that requires a card. Assuming my score gets back up to 820 or higher, will this ding impede my rate or mortgage limit in light of my broader financial picture ? My timeframe to make a purchase is looking like maybe Q2/3 next year. I know this is crazy, but I'm looking at both residential and commercial; assuming commercial has different requirements than residential. My broader financial picture is that I have 125 in debt between my mortgage and card, and nothing else, couple commas in stocks/funds (sheltered and unsheltered), earned i...

This is my second time serving as a fiduciary for a loved one and it’s important to me this second time around I REALLY like who I chose to work with when it comes to selling the property. Well, I made the mistake of chatting with a neighbor and of course she had family who’s a real estate agent and of course “they’re the best”.. fast forward a couple months and she got upset saying her cousin contacted me but if I’m being brutally honest I want a male agent and I don’t want to work with anyone recommended by a friend, relative, associate because then I’m suspicious, that’s how I got totally screwed over the first time. So I lied and said my family really wanted me to hire this person and I had already met and liked them, which I did, and she asked the name and said “I’ll just see what my cousin thinks” … I then find out they’re out of the same agency, same town, and the real estate agent I did like goes from 100mph seeming enthusiastic to help and get this done to 0 not wanting anyth...

Hi folks, I'd like to be a homebuyer in the near future (12-48 months). I have a rudimentary understanding of real estate and mortgages so would love some direction or educational resources. What I'm trying to figure out is what percentage cash to spend on a home in today's market. For example, for easy numbers, say one has 500K cash, and that represents 50% of their assets or something, and they want to buy a house worth $1M. I would imagine that sinking an amount of cash in would allow for a cheaper or faster mortgage which may be useful with high mortgage rates currently. But sinking that cash fully in would mean it's not investable elsewhere. Are there "guideline" rules of cash based on net worth and home valuation? submitted by /u/cijdl584 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zy927e/ny_how_to_think_about_the_percentage_cash_to/

Someone please tell me that these ridiculous house flippers are going to get caught holding the bag?? Homes in our area (Florida) are still being bought and listed 3 months later for almost double the price… and all they’ve done is polish the turd (fresh coat of paint, new floors, redo kitchen countertops to white quartz). These are all homes that would typically be more affordable starter home range (150-200k) and they try to list them for 300-350k+ … This has to be unsustainable. Am I the only one who thinks this? submitted by /u/Quirky_Maize1077 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zy6ay7/ridiculous_market/

I plan to move late May of next year. Would I be too early to put in offers for homes and get the ball moving for something like that? I currently own a home and plan to sell but have enough In savings to put at least 20k down. Any advice helps! submitted by /u/Chickennuggethead20 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zy52j3/home_buying_question/

Appraisal finally came back, house was originally $339K and was appraised at $322K. Obviously the seller is very upset and even tried to submit an appeal (a word doc with bullets points on what they invested in) and it got denied. Originally, they agreed to $5K in closing costs and $3K for repairs. They are some repairs that will need to be made such as a leak coming from the bathtub with a moisture level of 33%. There are other repairs needed but this is the main one. The house was built in 1988. First, we asked for appraisal price plus $3K for repairs, they denied. Second time we asked for just appraisal price and they counter offered asking us to pay $3K and we denied and now waiting to hear back. From our perspective, yes the house went $15K under overall but we are not getting any assistance on closing so most of our money will go towards that. This is a FHA loan. I’m not sure what their answer will be but after the first time, the seller’s agent already emailed the lender say...

Having income to help with a mortgage sounds awesome, but it sounds stressful too. My dad told me that being a landlord isn't a good idea if you don't want to evict people and I don't want to evict anyone. Why are some multifamilies cheaper than single families? Is it just my area? What are the repercussions of renting the unit below market, or not renting the unit at all? (Per Google, if you rent below market value, there's some tax repercussions.) Any insight is appreciated. submitted by /u/LetsTalkWhyNot3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zy0fqy/in_my_area_multifamily_homes_are_as_cheap_or/

I bought a condo in CA for a very good price (370k in Oakland) and rate (3%), however just found out, even after the 2 year mark that i need to meet, I am unable to rent it out since they have too many renting anyways. I am moving to Boston for a job but was wanted to ask people here, if they would keep the place and make payments, or sell the place? Pros of keeping the place is its such a good deal (and I might come back), pros of selling the place is buying stock with that money at discounted rates. Cheers submitted by /u/cloudnine538 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zxzxlr/hoa_doesnt_allow_me_to_rent_out_my_condo_sell_or/

Selling a 1920s home for about 25k under market. owner occupied and not flipped. Previous owner bought the house in 2010 via foreclosure and we bought it in 2016. Previous owner did most of the repairs and we did some ourselves Full price offer with in the first 2 days of listing and buyer has some big demands after inspection. Already disclosed that the roof is 10 years old and same with hot water tank. Buyer came back with a list of repairs requested. Replace sewage line (sewage scope showed several areas where line out in yard was broken ) (9k estimate) Roof repairs (very vague, but did mention a few broken deck boards and a few worn shingles ) ($10k quote from them ) Replace hot water tank and add expansion tank ($600) Inspector noticed moisture under vapor barrier in crawl space and recommend foundation repairs + water mitigation. (Not standing water but rather moisture from humid ground,.did not note that there was an intrusion point from the wall) Noted to them we have a...

I am looking at a property listed at $175K. It shows that a listing was created in August at that price, then cancelled the next day. Redfin/Zillow then show a sale via Public Record for $100K in October. The property is now Active in the market since October at $175K. Owner on MLS shows “Owner of record” and the Broker is the same between the cancelled and active listing. What is going on with the Public Record sale? I can’t seem to find anything online with the county/city. submitted by /u/rwcg2d [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zxaflz/property_sale_not_on_mls/

Saw this video and wondered how true this is. Is investing in vacant land as easy as it sounds? https://www.instagram.com/reel/CmtlJgvpd1y/?igshid=YmMyMTA2M2Y= submitted by /u/RetuneMarketing [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zx94gn/thoughts_on_buying_vacant_land/

Been helping a friend get rid of a lien on his home for almost 10 years so that he could take advantage of the low-interest rates. Fast forward to today, we missed that train but on the upside, I was able to get rid of the lien which was about $30k worth of debt for nothing but my time in the 20-30 calls over 13 months. As gratitude, he wants to give me 5% equity in his home which has about $580k in equity ($900k value; $320k mortgage). He also wants me to be "partnered" up with him since I gave him "good" ideas on what to do with his existing equity and the property. Pretty basic things like building an ADU in the back which we got quoted for $100k and he then can live in that since he is single. Rent out the front house for about $4800. The $100k will be loaned from a family member of his and repaid once we refinance. Once the front home is rented for a couple of months we will explore a cash-out refinance. My plan is to refinance for $720k, pay off the $320k m...

I'm looking for my first home in the greater sacramento area, and I just don't understand some of these postings... Check out this home in CA: sold on 5/9/2022 for $782,000, then listed for sale on 6/23/2022 for $800,000?? Why would anyone do that? The fees and paperwork surely would cost more than the profit. This one isn't as extreme... sold 10/17/2022 for $447,615, listed 12/15/2022 for $499,999 (+11.7%). But this was after the housing market started to go south (prices have gone down ~10-15% in the last 5 months) and in a not-great area, with plenty of competition... I can't believe anyone thinks this would sell. This one is a bit different, it was sold for $900k on 5/31/2022 and then listed immediately for $1.3M, and then over 6 months they've lowered it to $800k. I have so many questions... like, why would anyone think someone would buy it for $1.3M when it literally just sold for $900k? It's not like they are claiming massive remodeling or so...

Would love to get opinions on the real estate market in Los Angeles (beach cities). Thinking of buying but trying to gauge if it is better to wait a few months. Thanks in advance! submitted by /u/just_my_alias [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zx2qvq/los_angeles_buy_or_wait/

my dad moved south and transferred his condo in NY into my name. He was thinking he was going to rent it but decided he doesn't want to. He said I should sell it and keep the money from the sale. My question is for tax purposes what do I need to plan for. He bought it 15 years ago for around 100k. It's worth 200k now. He remodeled the kitchen and paid $600 a month in condo fees while he owned it. What type of capital gains hit am I looking at? submitted by /u/buffcleb [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zx2mnq/tax_question/

We need to replace all the flooring in our bedrooms and hallway upstairs. The kids have been moved out for years and the 2 spare bedrooms never get used. Sometimes the young grandchildren do sleepover though. However, the carpet is at least 15 years old and needs to go. We will probably move in the next 2-3 years when (if) the real estate market gets better as we are retiring this year. Making some home improvements so the house will be ready to go when the time comes. Husband is leaning towards carpet I am leaning towards LVP flooring. We have an older cat who vomits occasionally, and the litter boxes are upstairs in the laundry room and they really track litter everywhere. Plus carpet holds smells. We are planning to get a puppy in the spring/summer. My husband feels like buyers, especially with young children, will want carpet. I will put large area rugs in the bedrooms to add some color and texture. submitted by /u/marid4061 [link] [comments] source https://www.reddit....

Hi all, I am interesting in finding out about your experiences when finding housing to rent in the U.K. I would appreciate it if you could complete the following survey: https://docs.google.com/forms/d/e/1FAIpQLSfY8MsSdZ_QRf8jwj2PlDuqWJkIAx2AlZqjZM5iTCxqlum73Q/viewform?usp=sf_link I’m open to having discussions under this post as well submitted by /u/Vivid-Upstairs7415 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zvr33k/renters_in_the_uk/

I rent a lot where the tenant placed a mobile home, the home has become a hazard in disrepair and the front porch recently collapsed. This home is occupied by a woman in her mid 70's who has developed memory prolems. We have attempted to assist her numerous times but she doesn't want anyone on the property and refuses all help. Yesterday she apparently forgot the porch was no longer there and walked out the door falling about 6 ft to the ground. Fortunately we found her but she refused an ambulance. We contacted the sheriff's deptartment and requested a welfare check. The deputy called an ambulance but she refused transport. This is frustrating and now I am concerned that if she is injured on my property I might be liable. Any sugestions? submitted by /u/thumperjb [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zvpdbv/injury_on_rental_property/

I bought a ground floor maisonette in a uk city centre about 10 years ago, i had i valued 2.5 yrs ago and it had made around 100k by then , prob slightly more by now. Id like to sell sometime soon to up size for may family. Ive got a fixed mortage that still has just under 3 yrs left to run with a nice low rate, and ill be able to port it over and would obviously like to use of much of it as i can on a new place Whens the best time to sell with all the financial predictions coming up, i dont much care if i loose a bit of the equity ive made if it means what im buying is more affordable because id like to buy as cheaply as possible, probably something a bit of a wreck that needs work i can do myself How to i make the most of this years market, do i put it on at the start of the year, or wait for the predicted crash so everything cheaper? 🤔 If anyone can't point me at were to go to learn about this as well id be grateful 👌 submitted by /u/MammyGoose [link] [comments]...

VA Appraisal MPRs - Nitty Grittys Needed I posted this on a VA Loan page but no response… Hey all! We are currently in process of purchasing our home through a refinance of a land contract. We’re preparing for the MPRs and admittedly we’re searching every nook & cranny that may be not okay. My question is how nitty gritty do they get? Going off of MPRs I feel like we’ve remedied everything we can. A few items we are concerned about warrants bullet point and and ask to any and all VA loan appraisers & participants to help us get our level of concern in check. We have a chain link fence that’s a little wobbly but it’s erect. Will they fail if the fence isn’t perfect? We had several cracks in our cement basement floor. We have filled all with crack sealer & painted the floor perimeter to hide any standing water stains. How do they look at patching like that? The house was updated before our move in 5 years ago with all new mechanicals etc. but all exterior baseme...

Looking for a home that’s either move in ready or fixer upper in somewhere that’s accessible to downtown - some locations that come to mind are The Heights and Rice Military but I feel like those areas are too saturated. What’s an up and coming area in HTX? submitted by /u/Egg_Pale [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zvlvag/where_to_buy_in_houston/

My recently purchased home has a major issue with surrounding noise. It's not constant but for a few days each month it's unbearable to live here. I'm confident the previous owners were aware of the issue but did not disclose it. What are my options for recourse? Can I sue the seller or the sellers realtor for non disclosure? Do I have any legal leg to stand on here or am I SOL? I spoke with a friend who mentioned MA is a buyer beware state and there isn't much they have to disclose. She is saying I'm SOL and to sell the house and move on submitted by /u/Crazy-Iron619 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zvlpbq/recourse_for_not_disclosing_in_ma/

What are the biggest pain points/ issues you are facing as a owner of a brokerage? This could be anything from not having enough customers or marketing troubles etc. submitted by /u/mariangne [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zux3mf/what_are_your_problems_you_are_facing/

I don't understand the whole "real estate is a bubble thing" that you see around these parts. Yeah, everyone knows the housing market is a mess and cannot stay this way forever... but the problem is supply & demand - there's not enough homes being being built. And now, with interest rates & high prices, nobody is giong to be incentivized to sell, and even IF they did sell, they still have to buy back into this mess (unless they're exiting the housing market by dying or moving to a retirement home...) In my point of view, nothing will get better until builders start building houses again, and there is no reason to believe that they will start to do so anytime soon. submitted by /u/Fiveby21 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zusomk/us_how_can_anyone_expect_a_bubble_to_pop/

Hi, I am a newbie in real estate and real estate financing, and I need your help real estate gurus. I am wondering how the real estate buying process begins? Does it start with a pre-qualification for a mortgage? Is it better to go to a commercial bank or to a credit union? And does the process differ if I am financing a house in my home state or in a different state (I am buy a house as residence)? submitted by /u/software-surgeon [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zusgjp/how_to_buy_a_house/

Hello friends, I have to get a license for my job. I passed the State Portion already, and failed the National Portion by 4 questions twice. I bought and used CompuCram, Prep Agent, and study off of Quizlet. I've been studying since October and have failed the National Portion twice now. I'm trying not to give up hope because I'm so close, but I'm so frustrated. Any tips or courses anyone has found helpful? submitted by /u/WerewolfCardiologist [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zufnkn/help_with_national_portion_of_the_real_estate_exam/

I recently learned about the possibility of rent-to-own and I really don’t hate the idea of it. Although I can’t really find a concrete website or something to search for these types of homes. I always hear about people in my area from time to time getting rented homes, but these houses are never available online. I don’t understand how they’re being notified other than “I know a realtor”. Have I missed a good website? Any other tips? Thanks! submitted by /u/kewlkangaroo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zueyfk/whats_the_best_way_to_find_renttoown_homes/

Because houses that change owners frequently are more likely to have problems? And for other reasons? Should the limit be that the property had the same owner at least 5 years? Or how many? submitted by /u/aiaor [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zue6t7/would_it_make_sense_when_shopping_for_real_estate/

We've invested money in a land pooling policy, the government is providing heavy compensation against land or there is an option to get residential plots against your land. Now, it was suggested to us by our cousin to invest money here, and it turned out well. I want to grow more, are there any suggestions or books you may recommend that I can use or read to make more profits? I'm a new guy in this field and decided to ask here, I've heard people making a fortune out of real estate, any suggestions or recommendations will be appreciated thanks. submitted by /u/hung_thunder_jizz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zu5gjz/any_tips_for_making_money_in_real_estate/

Hi there, purchasing a new construction home from a small local builder in MD. We put down $10k upon signing the contract in June, and since then have not had to put any other funds out. Since when you may say…well, surveying and then permitting here takes forever and our permit has not even been submitted to the county yet for review (6 months later). When they start constructing- they want all of the purchase price (over $1m cash) to be in escrow for the duration until closing/move in. The permitting takes forever but the construction will probably be around 5 months start to finish. My husband thinks it’s weird they want all of the money up front (in a non interest bearing account) and was hoping for a way around that. This is our first new construction so we have no frame of reference for how escrow works with that. You’d think they’d want like 1/3 3 times or something- which is what they do they will take 1/3 out of the escrow at each threshold which is spelled out in the contrac...

I think we made a mistake going with a flat-fee realtor in October. Other lesser or similar homes a few blocks away are getting twice as many views and Zillow saves in one week than we got in 2 months, and a few are going pending. Some will say Zillow saves/views are nothing, I will disagree after observing them for years on properties I've bought, sold, or witness quickly pend or languish. When I search our address, the Google results do not show links to the top brokerages, like they do with the traditional full fee listings. I think our home is not getting marketed, and my idea of saving $12k by using a flat fee broker might have been a good idea a year ago but not now. We are in snowy Minneapolis, and the photos my realtor paid for (I paid $200 extra for the drone shots) are great, being taken at the end of summer, showing the creek and nature in the back yard as well as a brand new roof. We took the home off the market two weeks ago. In a month or two, I'd like to go with...

I’m looking to move to the Woodlands, TX or Cypress, TX areas. I Don’t have any experience with Houston builders, so would very much appreciate your recommendations on best builders: “best” in the broad sense, in terms of quality of materials and everything else. Looking for 65+ft, 2-story homes. Open to both Production and custom homes. submitted by /u/CryptoRomance [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ztlgcq/what_are_the_best_builders_of_600k_homes_around/

in april 2022——at the height of the market—my spouse and i bought a house for $300k+ in an up-and-coming mid-size southern city. we put down 18%; our interest rate is 4.6. the house is cute and well-maintained, great “curb appeal,” lovely walkable neighborhood, easy access to downtown/employment centers. BUT it’s looking quite possible that i’ll land an excellent job in a different (southern) state; that job would start in summer 2023. so we’re already thinking about what we would do if that happens—try to sell the house? improbable we could break even, since the market has cooled. but if we did sell, then at least we’d have money for a down payment in the new city? or try to rent it out? in which case, not sure how we’d have money for a house in the new city. neither of us are from, like, homeowner/rich families so there may be other financial moves we don’t know about (home equity loans, second mortgage, just learning about these). it might be smart for us to rent at first in the...

I purchased a rental property way before I became an agent. I'm am selling it to my in-laws. I want to sell it FSBO and not through my brokerage. This is my private property being sold to family members. The brokerage has zero to do with this deal in anyway shape or form it never got listed or anything else. But according to their polices if we sell our own investment properties we have to give them a cut of what would be commission we would have made from selling it from someone else (doesn't seem entirely fair imo but whatever). Can I legally (not get in trouble with TREC) sell this property with out including them in the deal or letting them know? Also if I get rid of my real estate license can I flip houses on my own or would that be considered practicing real estate without a license? Thank you all for your wisdom. submitted by /u/Sam-I-Aint [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ztijea/im_a_licensed_realtor_in_texas_i_have_a_...

There are lots about 25 minutes from where I currently live, and it is a city we have thought about possibly eventually moving to. The lots are $13,000 for 1/3 acre, water, electric, gas all connected and ready to build. Comparable lots where I live currently are going for $80,000+ currently. Would this be something worth investing in and even if we don't build or move there, the value should go up right? Also, are there rules for how long you can hold onto a lot without building in a situation like this? This is not a neighborhood that is quickly building but a few new houses have gone up. Extra info: I believe the home builder company also owns the lots. They have a handful of rules about the size and style of home that can be built there. submitted by /u/Academic-Ad2566 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zthfue/buying_a_lot_as_an_investment/

In the last ten years, the real estate market in Hyderabad has experienced phenomenal growth. As the IT and non-IT industries continue to expand in the areas of Gachibowli, HITEC City, and Nallagandla, the city's enhanced infrastructure helps to increase connection throughout the entire city while also opening the way for the growth of real estate. The major points as to why Hyderabad is still the best Indian city and now is the best time to invest in the city’s real estate are listed below. Ideal Pricing :In comparison to other Indian cities, real estate is more affordable in Hyderabad. Data indicates a promising appreciation of these properties with new investments and the participation of reputable businesses. The city offers homes for sale in a variety of pricing ranges. What more could one want than a cheaper price and more favorable treatment? Better Infrastructure: In Hyderabad, there are many different types of properties available for purchase. The city's decrease...

I was thinking about the updates that I got on my house this past tax year. The trade that was the hardest to find was the well driller. I learned that there’s a very small number that serve a very big metro area. A lot of them simply weren’t taking new customers. I found this one guy from a county over that was able to slip me in before a big commercial project; I paid them $2,500. When I did the math and realized that they would pull in a little over $900k/year if they made that every day on my small residential project, I was floored. Why have I never heard about this trade? I never thought about it until I had to get one, but I definitely would have learned how to do this for 900k/year had I known that it was a thing. submitted by /u/o_safadinho [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zsq901/how_do_you_become_a_licensed_well_driller/

Hello everyone! My mortgage broker who I don’t trust and think they are totally incompetent is telling me that I should go conventional rather than jumbo (can go either way based on the loan amount due to being located in a HCOL county). They are offering 6.125 with no points and telling me it’s a good deal. Mortgagenewdaily is now showing 5.5pc for 30 year Jumbo though. Is anybody actually getting a 5-handle on a jumbo right now? Don’t have the time to shop around with other brokers so just curious if that number is real. submitted by /u/utahnow [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zsowsl/i_need_a_reality_check_what_rates_are_you_getting/

We’re looking at purchasing a large new build that hasn’t even started construction yet, and selling our current home. We have 3 more years left on our current mortgage and we have a fantastic rate (1.5%) so obviously we’d like a blended mortgage for the new build. Is this possible? I heard from someone that blended rate is only possible if the closing dates are days apart. Thank you! submitted by /u/Mjaja88 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zsordq/blended_rate_for_new_construction/

We bought a house in a somewhat rural area that has a blacktop driveway going up a hill and around a curve. I don’t know how to explain how long it is, probably about 0.05-0.075 of a mile so less than a tenth of a mile. It’s not an insane incline but it definitely makes it difficult to get out in the winter. The surface is imperfect so it makes scraping it more difficult. I feel like no one would be interested if they saw the driveway covered in snow and ice. We are in zone 6 so we get snow multiple times a year but it’s not feet upon feet and it usually melts off the in the next few days when the sun shines even if the temps are still low. Would it be better to wait until spring to list it? submitted by /u/silverkiki0527 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zsi2u6/thoughts_on_selling_home_with_bad_driveway_during/

submitted by /u/itsjulius12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zsfue9/with_interest_rates_dropping_how_is_the_market/

A friend of mine is in the process of applying for a building permit but recently found out that there's a little triangle lot in the corner which apprently is state owned. As a result they are unable to have a building permit issued. They've spoken to the local council, land data, lawyers, and no one is able to really help. Has anyone else come across a similar situation? They're really stuck in a grid lock. Link to the parcel here: https://ibb.co/XWLn2tQ submitted by /u/StartJunior2997 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zsfgvh/issue_with_building_permit_one_property_two_lots/

I actually found out about reddit by searching on how to buy a house. I am 28 years old and come from a latino family of 5. My parents are illegal immigrants from Mexico. I was born and raised in East LA but even boyle heights is expensive now. I was a marine for 8 years and for last 2 years work as a CO in prison(prison guard). I make 72k$ a year, after taxes 54k$ a year. When looking at monthly payments even 30 year mortages are un-affordable. I have 170k$ saved up but to save up for a house it would take me at least 10 years of living like a rat. Even houses in palmdale and lancaster are expensive af. What advice would you give me? BTW this is 3rd subreddit that I am posting onto cuz the others removed my post submitted by /u/Justin650650 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zrhhv1/how_can_i_afford_a_house_in_los_angeles/

So we just got an appraisal done last week for a new construction home we are closing on tomorrow. Somehow our house now appraised for 35k more than our initial appraisal in April (after we made selections) and it looks like the only comps they used were sales from January-April 2022 before the market started shifting. We were hoping for a low appraisal to negotiate down our price however that is out the window with the appraisal we received. Is there any actual discourse in the event that the appraisal is fraudulent/used improper practices? We are in the Raleigh area so there is a lot of activity in the market so it’s highly unlikely there has not been more recent sales to base the appraisal off of. submitted by /u/The_Jackeduary [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zrq02h/potentially_inflated_appraisal_on_new_construction/

I’m currently Active Duty Army, getting out in a few months and becoming a real estate agent. I am considering doing army reserves but with that means one weekend a month and 2 weeks during the summer I have to go do some army training. I’m sure as an agent, weekends are probably busy showing houses. Would this affect my job performance? Are there ways to work around this? If there is any agents in here who are also in the reserves, what do you do? Would my BIC do a house showing for me if a client or customer wanted to see a house on a weekend I had drill on so I could keep the potential sale/closing? submitted by /u/Ok_Avocado_7576 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zrkzhl/advice_from_realtoragent/

submitted by /u/c3clark1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zrjyfa/xome_auction/

We were thinking about buying land somewhere to enjoy it when we get retired. The reason why we were thinking about land is that it is the cheapest solution and we can build something on it step by step. Then we had a good opportunity back in April 2020. An investor was selling out parcels from his land around artificial lakes and we jumped at the chance and buy a property. We have settled on a mobile home for our goal since it is an affordable and simple solution. We also intend to build a garden, a pier, an outdoor bathroom, and a shed for storage. We hope to construct a terrace with a roof, allowing us to spend time outdoors in comfort. And we would like to have the mobile house skirted by a carpenter, giving it the appearance of a real house. We anticipate pleasure from enjoying the lake too. To start, we must have a fence, a water line, and a subterranean tank for waste disposal. The cost of living is rising, and unfortunately, our budget isn't as large as it needs to be...

Just hoping for some input. My brother passed his North Carolina real estate license exam last week. Today he got an email saying his application was under character and fitness review. He has no criminal history at all. The traffic tickets he got have been paid and handled and one car accident was also covered w insurance. No points on his license. He has some credit card debt he hasn’t paid and I’m seeing he failed to file his 2017 taxes. Could this be what he’s being reviewed for? Is there a way to find out what exactly the issue is that is under investigation so to speak? He’s SO upset as this has been a long time coming to get his license and he worked really hard to make it happen. He did the required background checks asked for application and all showed he was clear. What could it be if he’s not a felon, never been convicted of anything and only issues might be some financial debt? Any insight? He’s afraid he won’t get approved. I told him I think that’s unlikely and that ther...

I have a legal question around house purchasing in California. An unmarried couple buys a house together and files as joint tenants (50/50 ownership). However, the down payment was not 50/50 (but more like 90/10) AND Person A on the 90% side used funds from a gift (with an associated gift letter) to pay for the down payment. The remaining mortgage is equally split 50/50. Do the two people have equal legal ownership over the house? Or does person A have 90% ownership because they used funds from a gift for the house purchase? submitted by /u/whatisthis9512 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zrdcq1/question_about_legal_house_ownership_in_california/

Hi everyone. I have a quick question and wanted to see if anyone could be of help. I am trying to get my real estate license in Georgia. I took 6 hours of college credit Real estate classes and I’ve read that can exempt me from taking the 75 hour long course. Does anyone know if this is accurate? And if it is who should I call/message to get this exemption done so I can just take the test? Help is appreciated. submitted by /u/Live_Violinist1697 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zqtqvr/georgia_real_estate_license/

We sold my house about 3 months ago and just got the final check back from the Water escrow, but it didn't seem right. So I called the title company and they said that they simply pro-rate the cost based on days each person owned the house on the bill. In all my years owning the house I've never paid more than $150 a quarter for water, but now my "pro-rated" portion of the water bill is $164 for 1 month. This to mean indicates that the new owners ran a ton of water for 2 months after buying the house because the pro-rated portion is 1/3rd the time but more than the cost of my normal water usage ever was. I argued with the Title company about this and they said they don't do readings of the water meter on the day of sale, they simply take the total cost of the bill and divide it by the number of days then multiple that cost by the number of days owned. ​ Is this normal or is my title company just being lazy? Second off is this legal? I'm essentially being ...

I know it’s usually a big no-no, but hear me out. Due to current sales incentives on a particular vehicle we are interested in, we can upgrade from our current vehicle (paid in full) to the new one and only pay a couple thousand out of pocket. We would NOT finance the purchase. Would this be okay, or should we play it safe and just wait until after we close? submitted by /u/Great-Parsnip-3057 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zqqkgb/new_car_during_loan_process/

We are agreeing to terms about regarding payment for a mortgage lien from a COVID hardship deferral a couple years ago. The HUD agent sent a debt resolution agreement for me and my wife to sign. It says first payment due in December 2023. We signed it and returned. Today they sent a reminder about our first payment being due THIS MONTH. I inquired, and they said it was a typo. Shouldn’t they abide by the terms in the contract, as we were signing an because we agreed with those terms? submitted by /u/AdditionalInvite8609 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zqpu9i/hud_letter_typo/

I've been hearing a resurgence of people saying this over the past few years. I think that's mainly due to the market and people just rationalizing a hard market to get into. But I'm genuinely curious, besides liability, what are the benefits to renting as opposed to owning? submitted by /u/VinceCharming1213 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zqpl2k/renting_is_more_beneficial_than_owning/

I’m a former realtor with my license still hanging. So my dad wants to view homes and he told his friend who then told a mutual friend (real estate agent), and she promptly called him. Now I obviously want my referral fee and was wondering how I am most likely going to massage the phone call with her playing ball. Maybe she will since she knows him and I’m his son? Please let me know I don’t want to blow this. I also told her I would come view homes which may add more pressure? submitted by /u/Introgrower22 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zqqckq/what_do_i_do/

Hopefully the right subreddit! My fiancé, father in law and myself are desperately looking to get out of our current living situations all for different but not urgent reasons. I should note, we live in Canada, I have to switch jobs due to me not driving and fiancé and I have never had our own house/apartment before so this is very new to us. We went to a showing for a place a town over and we love it but there's a few things that caught us off guard. It said utilities included in all the ads we saw for this place but the gentleman who showed us the property said its not included. Maybe lost in translation? They actually said they thought $2000 was TOO much so they asked us to put in an offer and we said $1500, but we definitely can increase that. This was all about 2 weeks ago and hes reached out to me to ask about the breed of my FILs dog and minor questions. I reached out yesterday to ask about the status and he says he's been struggling to get them to improve their pr...

It’s kind of been a crazy 24 hours and I just..don’t even know where to start. My husband (29M) and I (27F) are working professionals looking to make a home purchase. His family is helping us with the down payment and we’re based in CA. We started looking and found the perfect home - modern, recent upgrades and in a great location. We found our agent through Zillow and he had high review, and we weren’t really expecting to like any of the properties enough to make a bid. Some context: this property has been sitting on the market for close to 50+ days now. We made a bid slightly under asking (-4%) and decided to see where things would shake out. A couple of hours later, I get a call from my lender informing me “my realtor” had called to inquire if I was underwritten approved (we had prequalified) and if they’d be able to increase the loan size to 5% over the asking price as there were other offers. I texted my realtors and turns out it’s the SELLER’S REALTORS and there were NO offer...

Hello, does anyone have any insights on lenders offering the best ARM options right now? I’m under contract, have already talked to many lenders and the best I have is 4.375 with some points. submitted by /u/voracity222 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zpxjwb/please_suggest_good_lenders_for_and_arm/

Long-story short, Grandfather's dying and I'm looking to purchase his home for my parents. The home is expected to cost $100-130k. (I have a more accurate number but keeping it broader for....reasons). I'm also omitting the state for privacy, I hope that isn't a huge deal. I've never purchased a home before or even entertained the idea and looking for advice. I'd like the responses to focus less on the "Can you afford it? What's your income?" and more looking at the steps I should be taking or the questions I need to be asking. Have done a lot of reading, but I still don't know the steps I should take. When do I hire a real estate attorney, inspection company, or even a title company? Anything helps at this point. Some of my main questions/concerns are below: I wasn't planning on using a relater since I already have the home picked out. I understand that especially for a first timer, it's nice to have someone else to set up all t...

We had a situation where lending fell through in the 11th hour due to an appraisal issue. We were granted an extension, but that lender said we may want to double submit to new lenders to make sure we are covered through the extension. Is this an ok practice? We have already locked in with one lender. Are we not obligated to work with them if we find another better rate? Thanks! submitted by /u/throwawayfreshdonuts [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zpsnxf/double_submitting_for_lenders_is_this_recommended/

So excited to get in and learn about this industry! I’ve had a passion for real estate for almost ten years finally come into a point of my life where I was ready to punch out my goals. I’m here now I’m traversing pretty quickly, making sure I’m not overwhelming myself and burning out. I wanted to ask your most valuable training, you did as a real estate agent when starting out, your systems, your scripts… Anything you think you’re red hot at. Would appreciate any tips. 💪💪 submitted by /u/conscious-decisions [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zpolwq/brand_new_agent_what_should_i_do/

Not sure if I'm asking this in the right subreddit. We are in the process of selling our condo. We are confused about the amount of money ($500-$1000) that our real estate agent is asking to get the CC&R HOA documents. We still need to meet her to get the exact amount. Is this a normal fee that is charge to a seller? Seems really high. Condo is located in California. submitted by /u/ohhailthejollyfatman [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zpmkso/ccr_document_fees/

submitted by /u/RokFinancial [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zpkmvh/need_a_fix_and_flip_or_investment_property_loan/

I know this is more of a real estate attorney question but I'm hoping someone here might know the answer because I'm seeing a lot of different stuff when searching online. So I have a house im currently selling that I have owned since before my wife and I met. She also has a house she purchased before we met. We just recently bought a house together so we are selling both of our previous houses. My old house is in my name and hers is in her name. The question is, what are we looking at tax wise when both houses sell? We have been married for 4 years and stayed at her house since that time. So what im thinking is we may have to pay on my house but not hers since that was our primary residence. Does that sound accurate? We live in USA (Alabama) submitted by /u/House_Hunter23 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zp0q8k/paying_tax_on_home_sale/