A home went up for sale in what is probably the most desired family neighborhood in our city, but they recently converted their in ground pool to an “Aquascape” meaning the y removed the concrete and made a pool made out of giant rocks and have koi fish living in the pool/pond? I’ve never heard of this kind of pool and was wondering if it was some kind of trend? I imagine it would detract families with young children but it sounds like an up and coming trend. submitted by /u/brasileiramericana [link] [comments] source https://www.reddit.com/r/RealEstate/comments/127nxmf/aquascape_pool_resale_effects/

Looked at a house, sellers realtor said they received another offer and will "probably" accept but will let us know if it falls through. I didn't put in an offer at the time because the price was high. A week later the house is still listed for sale, is it likely the realtor forgot to change the status? They never reached out so I assume the other offer was accepted. submitted by /u/ttpats967 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/127m6ch/house_still_listed_after_allegedly_accepting_an/

There is a lady nearby me offering a small 1 bedroom house for 600/month + shared utilities. On Zillow and other sites, similar homes go for 1800/month or more. It sounded too good to be true until I talked to a colleague of mine that actually lives in the house next door, and has a similar deal paying 600/month for a slightly larger house. He said the landlady charges really low as a thank you to the organizations that we work for (non-profit). He really likes her as his property manager and has been there for about 3 years. The reason why I ask is because the place is in need of some renovation. I’d be offering 10k into renovations with a 1 year lease, bringing down my cost to rent to $1,433/month before utilities, still better than the market average for now a newly renovated place. Anyone in SoCal know what I can get with a 10k renovation? Is this something worth doing? Am I missing something? Edit: math submitted by /u/annotipoxx [link] [comments] source https://ww...

I see a listing where nowhere is it called out the home is being sold as-is. I see the home, make an offer, receive a counter, make a counter back and the buyers accept the offer on a Saturday 6.5 hours before the offer expires. I get an inspection where some deficiencies are found so I try to line up a specialty inspector for the coming days. While this is trying to be scheduled the buyer's agent tells my agent, "FYI there will be no repairs or concessions from the seller." before even seeing any kind of list or request. Had I known the house was being sold as-is, I would have put in a lower offer in the first place. So essentially I wasted my money on a full inspection when a shortened 30 minute inspection would have uncovered more than I was willing to pay for. Is it even legal to not disclose a property is being sold as-is? Seems very unethical at best. submitted by /u/fthb_throwaway2022 [link] [comments] source https://www.reddit.com/r/RealEstate/comment...

Are there any real estate agents in Bulgaria in this Reddit? submitted by /u/BusinessBuddy5259 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/127h24a/agents_in_burgasbulgaria/

submitted by /u/Aside-nik [link] [comments] source https://www.reddit.com/r/RealEstate/comments/127g3dj/what_can_protect_real_estate_deals/

Not sure if it matters, but this is for an investment property, and the lender is PenFed. Per the loan officer's suggestion, I paid off my auto loan, I didn't originally because it's at 2.5%. So I expected my purchasing power to go up, but to my surprise, it got cut in half. I guess this is tied to Silicon Valley Bank. Is anyone else seeing this? I plan to reach out to more banks, but I'm curious if there's something I should know. submitted by /u/spe-swa [link] [comments] source https://www.reddit.com/r/RealEstate/comments/126m7dj/because_of_market_volatility_my_purchasing_power/

So we bought a starter house in 2015 for 188k? Anyway that's what the Zillow was at the time. 2 bedroom, 1.5 bath, finished basement. after purchasing we discovered the basement leaked, and the "finished" basement was very poorly finished and was holding moisture/mold. we removed everything from the basement (so now it is unfinished). the walls are covered with old shitty "Drylok" which is peeling and we haven't been able to remove it. The walls are an old timey type of masonry (built in 1942), so scraping them hard would cause them to chip. Anyway, we also found out the floor tiles in the basement were asbestos. We had all of those removed professionally, so the floor is just the bare concrete. (There are still remaining asbestos floor tiles in the garage, but they are not disturbed and are in original shape/not damaged). The half bathroom in the basement was a piece of shit (the vent just vented up into the insulation, wtf). Removed that, so it's ju...

Hello everyone! My father wants to help my husband and I purchase a home (600k home price) with a gift of the 20% down payment (120k). Does anyone know what the tax implication would be for my father?? We are in NY. Thank you submitted by /u/yellowchipsandguac [link] [comments] source https://www.reddit.com/r/RealEstate/comments/126l1ot/what_are_the_tax_implications_for_a_parent/

Purchased a new build last August. I’m short, the builder sucks. Tile no grouted properly, multiple roof leaks, multiple cracks in the foundation that leak because the graded above the water proofing, HVAC not installed properly, and finish work is horrible. Additionally, the drainage for the entire neighborhood is trash. Constant flooding of yards. I’m a recently retired disabled veteran and I’m just looking to relax and enjoy life. Decompress. But it doesn’t appear I’ll find that in this home with all these issues. I want to sell it and move but not sure how to go about it financially. Trying to build another home while owing on a new large loan is terrifying. Has anyone done this? Would love get any advice I can. submitted by /u/Medicguy113 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/126jp25/looking_for_advice/

💬 Virtual tour software update #4 💬 Hi there! 👋 Customize hotspots to your style - get to know our new feature! 🔥 What does personalization mean in our app? It allows you to customize hotspots according to your individual preferences. This way, you can change their color 🌈, size 📏, shape 🔵🟨🟢, and other parameters to match your style 💁‍♀️ or your brand's aesthetics. 💼 How to do it? It's really simple! Just drag the chosen hotspot onto the screen 🖱️, and the customization options will appear on the panel to the right. You can experiment with different parameters until you achieve the effect that suits you. 💡 If you want your project to stand out from the rest, use hotspot personalization! 💪 https://i.imgur.com/dD8ZzEm.png #hotspots #personalization #react #reactjs #vscode #webapp #software #buildinpublic #saas #nodejs #typescript submitted by /u/Marku116 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/126j30l/building_an_...

I’m in a quandary regarding what to do with my deceased grandparents home. This home has been vacant for 8 years and is beginning to become derelict. The home is owned by my aunt and uncle currently, as my father passed away several years ago as well. My sister and I are interested in acquiring this property to renovate and rent out. What is the best (most tax efficient) way for us to approach the gifting of the property from aunt and uncle to my sister and I? The home is of little value to them in its current state, but I don’t want them to have to pay gift taxes. I also do not want to pay capital gains taxes on the assessed value of the home once I obtain it. Thanks I’m advance! submitted by /u/annonymous-ice6446 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/126fqup/gifting_a_home_the_tax_advantages_way/

I’m curious if anyone knows of this is a service that’s available anywhere. We need to leave the area for abt 2 years and would prefer to not rent our house out. Am I able to hire someone (property management?) for an as needed service? Ie my neighbor tells me we had a lot of rain, I call company to say “can someone go and check x, y, z”… if they find something they help coordinate repairs. I pay for their hours to do this. But if no issues needing investigation come up there is no cost. Or is this really just a standard annual property management contract? TIA submitted by /u/AdditionalAttorney [link] [comments] source https://www.reddit.com/r/RealEstate/comments/125mtkb/property_management_for_empty_house/

If you own two cheap houses in Kentucky, in two different counties, and have a homestead tax exemption on one of them, how hard is it to get the exemption transferred to the other? I know you can only have one exemption, but does it matter which house it's on? Do the property tax people care about such details? submitted by /u/aiaor [link] [comments] source https://www.reddit.com/r/RealEstate/comments/125mbpb/property_tax_question/

What is it like renting properties out? Is it easy? For you, Does it provide enough income to not have to work a 9-5? I have always thought about getting into real estate. I’d like to do a little agent work and also I’d like to buy and rent out properties in the future. Any tips for me? I started the real estate course, it’s a 2 part course before some testing. Unfortunately the first part of my course will be expired within a month and I won’t be able to work on it anymore 🤦‍♂️should I pay the $400 again to sign up for the course or no? I haven’t been doing it as my schedule is filled. submitted by /u/SmoothAd5749 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/125kqhb/dear_landlords/

We realized the same house had 18 offers. We offered asking price with no contingencies and we were straight ghosted by the selling agent. We were the first viewing of the day and likely the first offer. It was going to be tough based on the home and location but 18 offers is depressing to hear about. Whatever story you hear about the market not doing well is clearly not reflected in Florida. Anything worth a damn is on the market for a day, maybe a weekend if the sellers are courteous and then it's gone. We are so deflated. On to the next one I guess. submitted by /u/nepatriots1776 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/125ioer/first_offer_put_on_very_excited_until/

Hi all, first time home buyers here. Our experience was... not so great... but we do love our home! Suspected malfeasance on honest disclosures have happened thrice or more over (mold issue covered up by tac paper, mold issue covered up by “fresh paint”, etc.) Our trust in the system is a bit, less trusty. This is not a sh*t on our realtor or seller post, this is an “I wish to be a more informed and educated consumer” post. And this community has been great. The story: we’ve owned for 8 months — a 1910 2 story bungalow in CA. We paid 690k, and have already put in 60k on fixing issues that were “upgraded in 2022” based on disclosures. In this time, we’ve also received multiple (4) CAFTB overdue tax notices addressed to the previous tenant/owner. I continue to write “no longer a tenant; return to sender” and drop at USPS and we continue to receive from the tax board. While I don’t know how much is owed (let’s say it’s hypothetically 75k), I do know they are not in good standing based o...

What education is necessary for the creation and sale of real estate (Development)? submitted by /u/Obzorka [link] [comments] source https://www.reddit.com/r/RealEstate/comments/125gb82/education_and_development/

We put an offer in on a condo. It was listed at 239k. Our realtor happened to be best friends with the realtor selling. Our realtor said there was an offer already for 260k and we should go for 265k to seal the deal. We put our offer in after the first open house. Come deadline time I get a text from my realtor saying that there was an offer 7k more than ours (272k) and that we should go up 3500 and that we had a strong chance still because our mortgage broker is the same guy as the sellers broker (who works with both realtors closely). We said no we’re going to stay at our 265k and whatever happens, happens. A couple hours later I get a call from my realtor that the sellers countered our original offer of 265k and say if we go to 267k then it’s ours. This made us feel a little weird like what does 2k do for them? Why not just take the person that was 7k more? So again we said our offer is only 265k firm. Our realtor says okay I’ll get back to you, and within 9 minutes on the dot c...

We posted our house a week ago and still Zillow has not approved it, with no word from them either. I should say that the house is in my wife's name and when I posted it I did not use the email account associated with her Zillow account - although I don't think she 'claimed' the house. In any case, Zillow seems virtually unreachable. Their 1-800 number is pointless. 1 did confirm the listing via phone shortly after submitting to confirm their security check. We are already under contract on our new home, but there is no sale contingency. But obviously we don't want to waste time. What do we do to get our house on Zillow ASAP!? submitted by /u/No-Olive-9686 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/124h2wk/submitted_our_fsbo_house_on_zillow_a_week_ago/

Based in Australia and I’m wondering the best way to go about learning real estate from ground zero. YouTube,book, course recommendations all accepted Thankyou. submitted by /u/Empty-Garage-Band [link] [comments] source https://www.reddit.com/r/RealEstate/comments/124g41x/to_study_real_estate/

Good morning. I am a 40-year-old single adult (no children) with an established blue collar career, excellent credit and money saved for a down payment. I am eligible and pre-qualified to buy a small 1/1 to 2/1 SFR or Condo in Central California. I am currently living in a small apartment paying $1000/mo rent. The average price of real estate around here has increased year over year and prices have not come down at all. The average priced small starter SFR currently goes for about $300k while small condo sells for about $240k. My mortgage would be about $1500 or more if I purchased now. If bought now (or soon) I worry that I would be buying at the top end of the price curve. This would not leave much room for earning equity during the years I would live in it. I worry that in 10 years another buyer would not come behind me and buy my place for more money. To my way of thinking, I like the idea of waiting and getting a deal with the certainty of lower prices in the future. But the ...

Hi guys, My wife and I unfortunately found out that we had to replace our roof within 1 year of living in our first home. $20k for new shingles, some new decking, and gutters. Suffice it to say, we do not have that in cash. We did get approved for a loan through the roofers financier but it’s 11% interest. Thankfully we have access to a home equity loan OR a line of credit at about 6-7% through our credit union. Say that we have $60k equity in a $300k house, between a HE loan or a LOC, which would be better to get in this climate? I vote loan because I predict rates will only increase over the next 3 years. Wife says credit because she wants to be able to quickly tap into a funding source if we have another large item housing emergency. Thoughts? Thanks in advance! submitted by /u/mattnogames [link] [comments] source https://www.reddit.com/r/RealEstate/comments/123lxxs/new_roof_home_equity_loan_or_line_of_credit/

As the title states, our (we are the buyer) agent was not present during our walk-through yesterday but the seller's agent was. There were some plumbing and small stuff noted during the walk-through that was brought up to the seller's agent that she wrote on the disclosure and had us sign. We weren't aware until a few minutes prior to the walk-through that our agent would not be present and had asked whether this was normal. He said that given the time constraints and situation (seller still has belongings in the house and we gave seller 15 days past closing to move out due to seller closing on another property), that only the seller agent could be present. A few hours after the wall through, our agent emails us an Agent Visual Inspection Disclosure stating that no issues were found and that him or a representative from their office was present and visually inspected the place with us --- document was already signed by agent. Now my question is, is it okay to sign this ...

Im curious about how accurate are zillow estimates when looking at properties on the app??? submitted by /u/bigboyk1989 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/123h7p9/zillow_estimates/

my husband and I are putting in our offer for a house- all cash, quick close if that matters. Lots of communication between us/our agent and the seller/their agent where it's pretty much a guaranteed deal. Without going into too much detail, the seller recently lost their child to a rare disease during this process. This disease is something that's effected our family so it hit home. We are wanting to make a donation, on top of the agreed upon price, as part of the offer. Maybe toward research for this disease, or even just a nonprofit of their choice. Is this something that is doable? Inappropriate? I read online that some realtors donate part of their commission toward charity, so I wasn't sure if we could do something similar as a sort of.. solidarity? This family has been through the wringer trying to sell their home so we'd like to show some sort of support with our offer since we have the means to. Thanks in advance. Edit; thanks for the feedback everyone, we...

Are you just expected to make an offer on a house without and prior knowledge of its condition? submitted by /u/igbrainbrad [link] [comments] source https://www.reddit.com/r/RealEstate/comments/122rbwk/how_do_auctions_work/

Hello real estate redditors, I have an interesting situation I would love some clarity on and some peace of mind. Here is some quick info: House Info: - 29 year old, single, buying my first home in Maine. - Purchase & sale signed - New construction condo, construction has begun, expected to complete end of summer - Closing Date is expected to be end of August - Already have "conditional financial commitment" from lender - 20k non-refundable deposit already sent to condo company Finance Info: - Well paying job as an engineer, ~120k per year - Lots of savings and liquid assets, putting 150k down payment onto a 460k condo. - Mortgage is for around 340k. Situation and Question: My company has done a horrible thing where they laid off ~300 people and are expecting to lay off an undisclosed amount more at the end of April. So obviously, the psychological health of me and my colleagues is very poor. And definitely not a situation I want to be in in the midst of buy...

We are in the central Fl market and the housing market has cooled significantly. We missed our hottest window to sell last summer due to a tenant in the home and she finally left March 1st. As soon as she left we. We listed our house for sale Feb 1st for $389,000. We bought in 2020 for $274,000 with 3% interest. We are now out of state and want to invest in property in our area and don’t plan to move back to FL. We are currently renting ourselves as we couldn’t afford to buy and could not sell our home at the time of our move due to the tenant we just placed . So it’s going on 60 days that our home has now been on the market in April. But we have received 2 offers in that time. Our first offer was for $370k after 30 days of sitting. We were not too excited and countered at 380k but the buyers wouldn’t budge and then changed their minds. So the. We sat for another 2-3 weeks and got another offer now only for 360k all cash buyer- we also countered at $375- buyer wouldn’t budge. She is s...

We have a question… In our neighborhood that we are currently renting, there is a house down the block. But this house is completely untaken care of. The yard is overgrown, broken windows, I’m sure there’s water damage, the roof is leaking. We never see any lights on and there’s been a car in the driveway for months, untouched. So it’s very obvious no one is maintaining it and it sticks out in the neighborhood since most homes are pretty nice. There are notices taped to the door that also never move. We would love to buy a house but because it’s a desirable location, houses go quickly and are very expensive. We did some digging and found out the owner is a 70 year old single man. Is it crazy to want to offer to buy his house even if it’s not for sale? We would want to potentially raze it and rebuild. Or a very intensive remodel. How would we even go about this? submitted by /u/emsymarie00 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/122o8b5/can...

Hello, I currently have a home in northeast Ohio completely paid off and I'm looking to sell it. I am currently living somewhere else and would like to just sell it so I don't have to pay anymore bills/taxes on it and collect the money and save it. My primary questions are if I sell it am I going to be taxed on it. I looked it up and it says that Ohio has no capital gain tax if ( Since 1997, up to $250,000 in capital gains on the sale of a home is exempt from taxation if you meet the following criteria: Owned the home for at least 2 years. Lived in the home as your main home for at least 2 of the past 5 years.) I meet these requirements. Is there any fine print about this that I need to know ? or what all will I have to pay if I sell it. I would hate to sell it and lose a bunch of money on it, not sure if selling is even the best option, I DO NOT want to rent it out. also if anyone cares to help or point me in the right directions, what are the next steps to put it on the ...

I saw a nice house but I'd rather rent and stay put instead. Which is silly because I've been wanting to buy a house since 2022. I guess when the reality struck that I could actually move, I didn't want to do it anymore. Moving costs time, energy, and the change is enormous. I also feel a connection to my rental after being here for five years. I'd rather just stay put and enjoy my weekends and time off work, stick to my familiar commutes and things that I normally do instead of uprooting right now. But I know that's not a good thing. Convince me otherwise? Thanks submitted by /u/seethatchicken [link] [comments] source https://www.reddit.com/r/RealEstate/comments/122iufu/i_saw_a_nice_house_but_id_rather_rent_and_stay/

Hello everyone! Today, I would like to share with you my new project - the website! It is a platform that allows users to easily and intuitively create virtual tours of their homes, offices, and other places they would like to show to others. The main goal of this website is to make it easier for companies to present their properties and to enable quick and easy creation of virtual tours in the browser. I will regularly share with you the progress of the development, showing you behind-the-scenes of the creation process, the steps I take to accelerate the development of the website, as well as the problems I encounter on my way to achieving my goal. I hope that this will not only help me build an interesting community around my project, but also gain valuable feedback and suggestions from you, the users. Currently, I am working on the main panel, so I will definitely have much interesting information to share with you in the near future. I can already show you what the design of t...

Looking to buy a house from a family member. Wondering best way to factor in the fact that there won’t be commissions and other things to think about in terms of pricing? Thanks! submitted by /u/wholesomeredditor123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/121m1pp/family_member_sale/

Hi guys Hope you are all doing well. Are you interested on investing in propertys in Madeira Island - Portugal? If it is your case, get in touch with me. Thank you Danny submitted by /u/Shot-Independent-455 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/121hyg1/invest_in_madeira_island/

I’m from Australia and I’m a 22M graphic designer who’s looking into changing careers and getting into commercial real estate. How do I start? What’s the process? And how do I succeed in this industry? And do I need to be in residential real estate first? What makes a great agent? And any more advice would be highly appreciated! submitted by /u/Darkhaat [link] [comments] source https://www.reddit.com/r/RealEstate/comments/121glev/need_your_advice/

Some time ago I prepared a review of the Estaguru platform and my experience since January 2020. At the time of active investing, my return was around 11% (before tax). I use this platform primarily as an opportunity to diversify my equity in real estate (except where I live, passive income cannot be built there, or at least I haven't figured it out yet). If you are interested in more, take a look at this article: https://www.insane-income.com/l/estateguru-review-2023/ Alternatively, write to me what you think about it and what experiences you have with Estateguru or with similar platforms. submitted by /u/dadrewi [link] [comments] source https://www.reddit.com/r/RealEstate/comments/121gbnb/estateguru_review_for_2023_the_path_of/

Being that interest rates are higher now compared to 2021, does it make since for mortgage companies to offer payers incentives for paying back sooner? I will be happy to pay .50 cents on the dollar on what I owe them. submitted by /u/vasquca1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/121dfx4/mortgage_question/

Anyone have experience living in a shack surrounded by trees? Not really a shack of course but a small place surrounded by trees. There's a bit of a yard to get to the road that could be used for planting vegetables or fruit trees. The backyard has a fairly long stretch of forest that probably attracts all sorts of birds and squirrels. There is no HOA so we can use this land for just about anything. To me it seems like a really fun place to live. But what are some things I should be concerned about? Thanks submitted by /u/TheBlueGiller [link] [comments] source https://www.reddit.com/r/RealEstate/comments/120kubs/anyone_have_experience_living_in_a_shack/

So I live on the east coast and I can’t find any real estate agents to even answer simple questions or return calls. I am thinking it’s bc my price range ($225k or under) is just not worth anyone’s time? All these homes are just getting cash offers, how will we ever be able to buy something if no one even returns a call? I think this is one of many many issues with the real estate market right now that even if you are in the market if you don’t have an ungodly amount of cash to just throw at something no one will even work with you. It’s hard enough to find something even somewhat live-able in that price range and when we finally do we are just ignored. Is there a way around this or are we just screwed? There needs to be a cap on how many homes people can buy to just be “investments” so people who actually need a place to live can buy imo. submitted by /u/jsboklahoma1987 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/120jw95/how_do_i_get_a_real_estat...

I was looking forward to making this place home. My offer was the highest out of everyone. The listing agent made the decision to make it “pending” status. I want to ask my agent what’s going on. But at this point, should I still bother asking? submitted by /u/itsjulius12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/120e9w8/as_im_still_waiting_on_the_status_of_my_offer_the/

I’m looking to purchase a home in Hawai’i. I have approximately 250k in cash. I found a home in an area that I really like for $1m however the house has settling issues, possible termite damage, and structural damage. There are also other issues with the house like a lot of stairs because it’s on a hillside and only a single stall so you must park tandem. I’m wondering if I can get the house for a discount let’s say 950k then put a minimal down payment and use the rest of the money to rehab the house. Then once I’m done with renovations I’d probably reappraise and then refinance to get rid of PMI. I met with a foundation guy and he said he’d be able to level the house for 20k but suggested I talk to a structural engineer to see if there are any other issues. ARV on homes in the area range from $1.4-2m. Any advice? submitted by /u/c5r6s [link] [comments] source https://www.reddit.com/r/RealEstate/comments/120e64y/should_i_buy_this_property/

I am renting the top floor of a townhome in NYC directly from an elderly lady. My lease is month to month, with giving notice at the first of the month prior to terminating the contract. She has just given me notice that I will need to move out due to the following grievances: - having overnight guests (my parents 2x, cousin 1x, long distance girlfriend 2x and one friend 2x) throughout an 8 month time span. Stays have been from 1-2 nights (friend) to 7 days (girlfriend), and have been approved via text or verbally by the landlord. Guests have always been respectful with no partying, ever. - Opening my bathroom and my bedroom window when it gets hot, as heat does not turn off for upstairs - loud walking and loud conversations I did not even know the guests were a problem until she blew up on me on a phone call last week. I’ve always given notice and she has always said it is no problem, verbally and via text. I’ve always tried to be mindful, especially when walking and talking on th...

[Indiana and/or Ohio and/or Kentucky and/or Tennessee] If a landlord sells a house to his tenants by letting them make monthly payments as if rent to own or land contract, but with the payments being considered payments towards the price of the house, does the landlord's rental insurance still cover it during the years of those payments? submitted by /u/nttqlk [link] [comments] source https://www.reddit.com/r/RealEstate/comments/120d0c4/rental_insurance_vs_land_contract/

Imagine the amount of peoples who will lose 30-50% of their home investment. Tell me how that's a possibility and it's completely safe. I'm serious. Teach me economic like I'm 5. My home value have increased from 217 -> 355 in a property value evaluation by the county. I bought it for 301 2 years ago. submitted by /u/cltzzz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/120ar9b/prepandemic_price_will_probably_happen_in_another/

This is my first time posting so bear with me please. Background: I need to sell my home. My home was built in September 2021. My subdivision is still building out. Due to higher interest rates and the buyer pool drying up the builder is already building/selling new homes $50,000 cheaper thus undercutting current homeowner’s equity and potential profit. Consequently , I am expecting to sell at a loss.To be clear, I have already made peace with losing money. I just need enough to start over somewhere else and I don’t want to be stuck where I am when the market crashes because when I tried selling my old home during the 2008 crash I ended up being stuck for 10 years because I was underwater and the buyer pool practically dried up. That situation taught me that peace of mind and flexibility are more valuable than money. So, would it make sense to use a realtor to sell my home or would other alternatives like Opendoor or Easyknock possibly work? I also feel that my chances of getting a ...

submitted by /u/gnarly_whips [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11zdmbo/if_i_loan_my_companyllc_money_and_in_the/

Honest question submitted by /u/No-Square-8702 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11zbbk8/how_are_landlords_not_scalpers/

Considering purchasing a second home in an area I lived in for a year during the pandemic and fell in love with. I moved out of state after the pandemic but return to the state for work bi-weekly. I work remotely or travel for work 60-70% of the time. I currently make $400K. $200K of that is my base salary and $200K is an all-cash bonus. I have received 100% bonus for the last 5 years. I have very minimal debt (other than my current mortgage of $2300 a month and a low-APR car loan of $500/month). Well over six figures in cash/investments outside of a 401K. The home is $250K, about 2 hrs driving distance outside of a major city and is very close to outdoor activities like hiking, skiing, fishing and bars/restaurants with a 10 min drive. Huge Airbnb potential year round although I plan to use it for personal use most of the time. The mortgage payment all-in would be about $1850/month assuming 20% down. Am I totally overthinking this? I obviously don’t love where mortgage rates are ri...

We don’t have a master bathroom in our 1920s built house, but our closet has the bathroom on the other side of the wall if we go through it. We wanted to split the bathroom into two small ones so my spouse and I can have a private one and the kids/guests use the other. Would you rather have one big shared hall bathroom for all the bedrooms, or would you rather have two small ones that are half the size? submitted by /u/86triesonthewall [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11ymok1/bathroom_options_leave_as_95x9_feet_or_split_into/

Florida if that matter. I am under contract for a house and our closing is in 3 weeks. Our close period was 30 days and we had some things come up during the inspection that had us questioning moving forward. We are deciding to move forward and I am working with a bunch of lenders to get that sorted out. ​ We are well qualified for the mortgage, great credit, this should be as easy as it gets as it relates to underwriting. We are approved using just my base salary and not factoring in my commission (years of consistency) or my wife's income. ​ I have a rate from a credit union that partners with CUMA that is roughly 1% lower than everyone else right now. The other options would be using local brokers that are well reviewed. I see advice that says everything from take the lowest rate, thats why you shop around to, make sure you use a lender that is reliable and can close on time. ​ I am looking for any opportunity to save money on the purchase since I am buying at the most ex...

In Ohio, property surveys have always part of the process when we purchased homes. In North Carolina, apparently it’s optional. Is it customary or recommended to order a property survey when buying a single family new build in Raleigh/Durham area? submitted by /u/FlyGirl98138 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11yieo5/no_carolina_new_build_property_survey/

Is there any sort of tax advantage to paying the transfer tax for the seller and reducing the purchase price by that amount? Besides screwing the agent out of their commission, is there any advantage to this? I'm paying all cash for this specific transaction. submitted by /u/sc7789 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11yhbx0/tax_advantage_by_paying_sellers_transfer_tax/

Is buying a home with a mortgage and having someone else live in it to pay the mortgage reasonable. Or maybe getting a duplex and having someone living in it to pay for the mortgage? Assuming I can keep find and keep good tenants. submitted by /u/Toe-Sweet [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11yfttm/buying_a_home/

Why are rates and fees points so high in this market ?! Yes rates are higher and currently are ranging from 6.25% to 7.25% at the moment as I type this. It’s simple - them/they on the secondary markets are hedging that rates will come down here as this “recession hits” once the govy and media say it’s in actually in one. At that time many current “higher Rate” clients will want to refinance and lenders are worried about EPO,s ( Early Pay Offs) this means usually the lender has to pay back the all the profitability on a loan if it hasn’t seasoned on at least 6+ payments made. They/them can’t charge a “ pre-penalty fee” unless is a NON QM mortgage. So rates and points are charged upfront. And LLP’s (loan level pricing adjustments) have been enacted. Ask me how I know. call_frank_not_the_bank submitted by /u/Low-Actuator7536 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11yc2es/the_truth_about_mortgage_rates/

So I bought some land 15 years ago that has an oil pipeline that crosses it. We were told to not build 15' on either side so when the house was built we obeyed that. Fast forward to now and I want to have a well drilled for water. I'll keep the well away from that easement of course, but can I cross the easement to run the water pipe? I don't even know who I would ask this question to. Someone at the state? Who holds the paperwork for that? It's been so long I don't really remember the details. submitted by /u/waffles-n-gravy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11xjt6o/my_property_has_an_easement_who_do_i_ask/

Still a thing? Or do sellers rarely agree to concessions now because of the market ? submitted by /u/shadwell10201 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11xirnf/seller_concessions/

I am a first time home buyer and I was pending on a property I liked. Water was disclosed in the basement and so on a particularly rainy day, I dedicded to see if I could go walk the house again to know just how much was coming in. When I was in the basement, I found a separate leak from the main floor that was soaking into the subfloor and visible from the basement. I asked my agent if I could terminate my contract based on this unknown material defect because no repairs would sway me otherwise, I just didn't want the house based off that finding. This all happened after the home inspection but before the appraisal was finished. My agent drafted a termination document and sent it over. Almost a month went by before I heard back that the seller's were very angry with this decision. They didn't even want to counter the termination by asking for the earnest money. Instead, they went immediately to legal threats and declared their intentions to sue me for specific action- to...

If the 1% rule is a tool to quickly analyze listings, what’s the point if as a real estate investor you’re attempting to talk the seller down to a deal? Couldn’t all listings potentially be a deal and therefore the 1% rule is null and void? Like do sellers listing price not go down very much, so don’t even bother trying to talk them any lower or is stuff listed at a premium still worth looking into sometimes? Hope that made sense, thank you. submitted by /u/Plenty_Employee8288 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11xdx6x/why_use_the_1_rule_when_your_goal_is_to_buy_at_a/

We are looking to put an offer on a townhouse. It went on the market over the weekend. We went to the open house. Our real estate agent says there isn’t much interest and no showings booked as of now. I know it’s early but we feel it’s priced a bit high. The owners bought for $587 on Sept 2021 and now it’s $735. We would like to ask for either 20k off asking price or 20k sellers assist to put out less money at closing. What would be more beneficial? submitted by /u/Bleah22 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11xd92a/ask_for_lower_purchase_price_or_sellers_credit/

I understand that logically house prices and rents go up because of inflation which technically would make it easier for the debt to be paid off as that value does not change. I just wanted to see if anyone knows if I'm missing anything. I feel as though it would be too easy for people who may have been over-leveraged to pay off all their debts in countries like Turkey or Venezuela where they experienced hyperinflation. Can someone who has experience let me know if this thinking is correct? Is there anything the banks do like maybe force you to pay the debt back in American dollars or something? I wouldn't think that would be the case however that may solve the issue of the debt essentially just disappearing due to inflation. Thank you. submitted by /u/Richinvests [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11xa1e7/what_happens_to_the_real_estate_debt_in/

I currently rent a house that I love and the rent is very reasonable. Idk who the owner is because I rent from a management company but they say they just manage the property, not own it. I do know the owner owns the 4 houses in a row on our street and rents them out. Well we were informed that the owner needed an appraiser to come out to the house. They told us the owner is not selling, only refinancing, but I find that hard to believe given the current interest rates. (But tbh idk much about real estate). The appraisers came but I didn’t ask and they didn’t tell me whether or not the owner is looking to sell. They just took some pictures of the outside, came inside and took pictures and measured and asked how much we pay in rent and then went on to do the same in the next house. Should I trust what they say that he is just refinancing or could he really be looking to sell? submitted by /u/cesdrp [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11w...

Good morning, I have a question about my VA loan that I have tried to google but it seems too specific and anything government related is unnecessarily convoluted and difficult to find an answer. I am active duty military and own my home with a VA loan, my wife is also active duty (separating in July). We are looking to buy a house in the same city, just closer to where I work, and rent out the house we currently own (FL). I would like to use the rest of my VA eligibility (first home was ~300k, second home will be ~450k) for this home, and I think I will have enough. I'm working on getting my COE now to check, but I think we will have enough cash on hand to cover the difference if required. We will likely being moving to another state ~18 months after we buy the second home. Will I be able to rent out the second home after we move and not break any VA loan laws? When we eventually settle down after I get out, we will use my wife's VA loan to buy our third home. Does this mak...

As the title says, first time home buyer (in Austin, TX). Any tips, tricks, advice, do's, don't's, are greatly appreciated for general home buying experience and if anything is required/should be known per location. Thanks! submitted by /u/jo_official [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11wj7fz/first_time_home_buyer_what_are_the_important_dos/

My brother and I where always opposites when it came to education and life. While we where both talkative people he was always the most popular guy around that everyone loved. I was very locked in throughout college while I prepared for law school. My part time job in college was being an agent in real estate, meanwhile my brother dropped out of college and went all in. I made decent money and bought my first investment property (house hacked a duplex) which is doing fine, but he has been making more money then I may ever see. While I am a first year law student quickly going into some debt he just made 500k while being only 24... I know he grinds a lot but in a way I get jealous. And what's crazier is that everyone at the firm he works for (small firm like 7 agents) easily makes over $250,000). I've been studying for years now and still have two years left of law school. While I do enjoy law school and am passionate about learning transactional law with plans of going into ...

I’m looking to get licensed to be a realtor in Texas however I need to take a 180 hour course first that is TREC approved (Texas). I was wondering what the cheapest option was? I don’t really care about all the fancy stuff like apps or nice design just need to get pass the 180 hours as soon as possible and study my own way. Does anyone know what the cheapest option is? Also if you have any recommendations for other TREC approved courses that would be helpful. TIA! submitted by /u/BrilliantNo611 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11wd9lt/what_is_the_cheapest_trec_approved_course/

So question is how you all have moved from 1 to many properties, I just dont get the point of how that works in terms of dealing with banks. For example I have 1 property with a mortgage, which Im paying monthly, and banks doesnt want to give me more mortgage, even I have downpayment for that. What is ways to deal with them and move on to next one? And what is other methods beside bank mortgages? submitted by /u/pronexe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11wcm6h/how_to_get_bank_mortgages_on_more_properties/

There is a home that has been on the market since December 7th, initially at 749,000. Now after a few price drops, 699,000. I know there’s a lot of variables, but when does the amount of time on the market generally favor the buyer for negotiating price? submitted by /u/Malaka79 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11vna8v/time_on_the_market/

Anyone know how I can get a real estate license like where?? How much would it be? how long does the process take. submitted by /u/kabbo1123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11vnfu8/hey_from_new_york/

I thought houses only go up? submitted by /u/coldcoffeeholic [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11vmi4h/httpswwwfoxbusinesscomeconomyushomepricespostfirst/

When you add the mortgage, interest, taxes and home repairs, lawn maintenance (sometimes $20k+ for something), it's not a true asset until there is no liability against it or it has positive cash flow plus appreciation. Also, it's a very illiquid asset. You can extract the cash until you sell or borrow against it, but that's taking on more debt and interest. submitted by /u/Commercial-Row1402 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11vlf5m/house_is_not_a_true_asset_until_mortgage_is_paid/

I'm looking for guidance on this - any help is greatly appreciated. My mother-in-law remarried (2nd time) in 2019 to a gentleman who had his primary residence in New Jersey. At the time of the marriage, my mother in law had a condo in PA and the gentleman had a house in New Jersey that he received as a result of this first marriage ending. He lived there for 10+ year before meeting my MIL and has had his daughter living with him during the time the first marriage ended until present day. They get married in 2019 and my MIL sells her condo in PA to move to NJ with him into a NEW house that they purchase 50/50. Once they move in together in the NEW house, the gentleman's previous house in NJ is "rented" to his daughter where she and her family currently live. My MIL's marriage to this gentleman is now pretty much over and they are in the process of divorcing. He has decided that he wants to keep the NEW home they both purchased and is willingly to buy her out of...

We’re looking at everything right now. Making an offer on an existing home is standard, but what about builders? Do they expect some haggling too? submitted by /u/1DietCokedUpChick [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11vdm0l/can_you_make_an_offer_to_a_builder_or_do_they/

Are there any laws prohibiting a mortgage broker or loan officer in the USA from receiving a referral fee for sending a client to someone NOT in the loan business. For example, if I'm a carpenter, can I give a mortgage broker 5% of the revenue I make off a client that is sent my way by the mortgage broker. In this scenario, the mortgage broker did not lend to the client for the property I'm doing work on, but for a property my client just bought elsewhere. submitted by /u/PhilStout [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11usdcw/referral_fees_given_to_mortgage_brokers/

Any recommendations? I downloaded the RE for dummies but most of it is locked behind paywall. I get it. But I’m a cheap fuck. Any recommendations for free content/learning? submitted by /u/Dizzyeer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11uo28p/best_free_app_to_prep_for_the_exam/

Hi all! Hope this is the right thread. Just have a quick question about undisclosed present of lead paint in a property and the buyer's rights, if property was purchased 6 months ago? Particularly for Australia (Queensland). We did ask the agent prior to signing the contract about the common hazardous insulating materials, but didn't think to ask about lead (definitely our fault for not doing our due diligence with research). Recently we found chipping paint and upon research discovered the dangers of lead. So I asked the prev owners if they've ever tested for lead and they disclosed that they did NOT test for lead before the major renovating, so they're not sure if the property has lead paint. Given the age of the house however I think it would be safe to assume there would be (1960-1970). We're quite worried as we have a little baby at home. Ideally we would want to move out and sell off property knowing that it may contain lead, but the market is not great a...

Ive seen some comments in other threads of people being able to get their property off their counties tax roll, one mention was someone named "Steve Emerson" out of Florida, which I believe is due to a Florida constitution provision, which I believe my be: "No tax shall be levied except in pursuance of law. No state ad valorem taxes shall be levied upon real estate or tangible personal property.". He has done several long interviews on youtube if you care to listen and can confirm the county treasurer begrudgingly removed his property from the tax roll. There are also other individuals who take another approach of having an argument that the county office does have have a right to record their deed in their office which then subjects you to their taxation, bylaws, code enforcement, etc and the solution being to ask for them to return your deed and remove it from their office, and if not sue them in federal court. This type can be seen here: https://www.youtube.com...