I have decent credit -720ish. I had a foreclosure about 8 years ago, will this still hurt? I don't have enough to put down, only about 8k right now. What loans/lenders should i look for, is there any? Looking at buying the house we're renting from a friend. I don't know what he'll ask for it but comps would put it in the 280 range. It does need some work, electrical and plumbing. I treat this house like an owner already by taking on any improvements. I did flooring, painting and work on landscaping. I could continue to rent for a few years. We talked to him briefly about buying a few years ago and he was open to the idea but haven't talked about it in a while. Hell, I haven't talked to him about anything in a while. submitted by /u/thecookerer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/133rkn6/questions/

Hey guys, any of you invest in a different state than the one you live in? How do you find where to invest? I spent more time on google than any human should. Also, if anyone is willing to chat with me I would appreciate it. Thank you. submitted by /u/Slimmy821 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/133ocmu/out_of_state_investing_research/

I am not a real estate agent or broker. My apologies if I get any terminology mixed up. I own commercial property I would like to rent out. I bought a mixed use (residential and commercial) house in New Jersey. The commercial space is about 850-900 square feet large and was previously a primary care center run by two physicians who were also the former home owners. The commercial space has an eight-car parking lot, a separate entrance, waiting room, three patient examination rooms with sinks, two offices, a half bathroom, and storage. I am just starting out in brainstorming ways I can rent this commercial space out. I think the space would be good for dieticians, psychotherapists, dentists, physicians, life coaches, etc. I am going to create a property rental business (LLC) for this, with necessary attorney-approved paperwork and insurance. However, I already have a full time job so I’m not interested in making commercial property rental a primary focus beyond establishing and main...

Trying to understand how I read/interpret this plat that I got from my county's records: https://ibb.co/tQ2N0Lr The things I've boxed in Red look like lengths (in feet) - is that correct? What about the other markings (the ones underlined in green)? They look like lat/lngs but to what reference? I'm very much in the northern hemisphere here . so the "S" is throwing me. Some say "N" and some say "S" I wanted to use this plat to walk out in my yard and figure out where the lines are. I'm not building a fence here, so I don't want to hire a surveyor. I just want an iphone-gps-accurate-enough idea of where the lines are. Thanks! submitted by /u/jaaassshhh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/132ujlu/how_do_i_readinterpret_this_plat/

I will most likely have two offers on my home that I have to relist due to the first buyer’s lending falling through. Repairs, mold, termite remediation had already been completed. One of the new offers a VA loan, but it’s for about ~5,000 more than the other loan, which is a traditional loan. Does anyone have an opinion on which is better? I’m worried with the VA loan that they might find lots of problems for me to fix when I already did repairs due to the stricter requirements. submitted by /u/Littlebee416 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/132tgjo/i_need_help_choosing_which_offer_to_accept/

I'm in the process of selling my parents house they are downsizing so I hired a liquidator. The problem is they won't do the sale until after they move out and they can't move out until they sell the house and to make things worse the liquidator needs 6 weeks after closing to get things done. What is the best way to approach any buyers that might be interested. I haven't listed yet Tuesday the listing goes live. Also to make matters worse my father has been in hospice care at home and is now in the process of dying how can I show the house with him lying in his bed. I have to list the house so I can go into a contract with the buider. I used the builders realtor to get the incentive they offer so not listing is not an option because I need to put a down payment on the house they can afford. submitted by /u/caffeinjitters [link] [comments] source https://www.reddit.com/r/RealEstate/comments/132sxvz/liquidator/

I guess I never filed a tax return for 2020, but paid what I owed. I don't know if I forgot to hit a button that filed the return or not, but I made the payment in full of what I owed. Plan to go and figure out/file Monday morning. How will this go with underwriting? submitted by /u/PressureChance7348 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/132scng/tax_returns_underwriting/

How to estimate upgrade/reno costs before home purchase? I’m searching for a home as a first timer (to live in not rent), and it seems every home available within my price range, needs some sort of change/upgrade. Typically either new floors (replace carpet or tile with vinyl on the first floor, probably ~1100 sq ft), new cabinets, new countertops or all three. There are homes at the top of my budget that may just need one of these, and homes below budget that may need all 3. And I’m trying to figure out how to budget/estimate this work before I put in offers. Ex: if a house is 60K beneath my max budget, is it reasonable to think I could replace floors, cabinets and counters for that amount? Or if a house is only 10K below, could I get any of these things done? (Not doing any work myself ideally as I tend to install things extremely crooked lol) I’m basically looking for ballpark estimates for each of the 3 jobs above (I get that it’ll vary by location etc—I’m in ATL if it helps—b...

I'm a real estate agent looking to grow my business through Instagram. What are some strategies for increasing my following and attracting potential clients? Should I invest in paid ads or hire a growth assistant to help me reach my goals? submitted by /u/Francinenong [link] [comments] source https://www.reddit.com/r/RealEstate/comments/132ov0c/growing_my_real_estate_business_through_instagram/

Hello, I had a home inspection in Canada on single family home 3000+ sq ft. upper floor, main and basement.Main issues were: - some discolouration and texture of obvious water damage as well as a 13ft very narrow stripe going across the whole ceiling that is slightly discoloured. The ceiling is above a bathtub. There is no history on this damage and was to surprised of the owners. There is no moisture reading on the ceiling when running bath/other water. I would rip open the ceiling day 1 if I got the home to further inspect. - Instant hot water tank is seriously corroded like the entire thing. Buyers said it was recently serviced and said plumber said the corrosion is just cosmetic. I would get it replaced day 1, I actually would prefer it get replaced before I remove my conditions so home doesn't get destroyed if it has another problem. Anyways I wanted to negotiate these problems with the owner of home, not sure I would buy home without resolutions. - They have plumber ope...

Is it common for homeless / low income people to share a single bedroom? Obviously not everyone sleeping there all at once… For example if four people split a room, each person could have the room for one week out of the month. Is this legal / typical? submitted by /u/ipsissimus666 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/131r9mt/max_amount_of_tenants_for_a_bedroom/

Why and how is it that the rate shown at https://www.mortgagenewsdaily.com/mortgage-rates is 6.67 but my lender is giving me a rate lock at 5.99 with $8k "cash to close"? Is there a better site or source that shows mortgage rates closer to what a lender would give me? submitted by /u/FunTripsToUS [link] [comments] source https://www.reddit.com/r/RealEstate/comments/131qk8s/mortgage_rates_my_lender_gives_me_vs_rates_shown/

Full disclosure. This is a new build purchase from KB Homes. We were all set to close yesterday. The closing date was set three weeks ago. We had movers ready and scheduled the day after closing, appliance installs etc. Day of closing they called us to cancel because the loan officer had not sent the title company the documents they needed. Certificate of occupancy and the HUD were missing. Why the title company and Loan officer didn’t move back closing weeks ago is beyond me. After much complaining and getting people to do their jobs, we are sitting with the movers, hoping they honor the 11:30am closing today. Is this normal? Our realtor has never had this happen before. If they flake on closing again today I’m out all of the movers fees and KB will not let us move things in temporarily submitted by /u/Signal-Category2469 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/131pxit/closing_from_hell_advice/

Watch out for local investors buying up properties in your neighborhood. It typically means gentrification is on the way or that city hall has authorized agressive tactics to be used against whistleblowers and others who are considered ' undesireable.' Watch and be careful folks. I was forced to sell a rental under duress and now the new owners regularly intimidate me and harassing me and there appear to be regular pranks such as stealing plants from my garden, etc. And The community appears to be employing methods from the book of gangstalking phenomena. Just be aware. Though I imagine my "formerly-owned-by-organized-crime-New-England-capitol-city" does not do this more than once every 20 years or so. Easier to avoid detection that way. . The last time that I am aware they did something this heinous , a current councilman ( i dont believe he was a councilman at that time) put himself in charge of a woman's estate, sold her home and put her away in an institu...

Frustrating. We went through the pre approval and auto underwrite phase . We finally entered the manual underwriting review stage for VHDA.We learned that we exceed the income guidelines for the DPA program !! (WTF) ??? mind you... We have a home under contract originally. We were supposed to close 4/28, but because it's a flip per FHA Guidelines, We can't close til after 5/2 .and are scheduled for a 5/10 closing. 1/2 of our house is packed 1/3 was tossed sue to it being a smaller home I'm super distraught thinking about the money we could lose potentially if we can't get financed appraisal inspection earnest money refurnishing our rental sigh... Positive vibes only, please (Sigh ) submitted by /u/Exact_Possibility794 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/131nqrt/how_did_we_make_it_through_automated_underwriting/

I am looking at purchasing a plot of land and possibly building a tiny home on it. I am looking for as many resources as possible on what I need to do as far as leg work regarding this property. Property details: approximately two acres on a river that are next to a forest. submitted by /u/k87c [link] [comments] source https://www.reddit.com/r/RealEstate/comments/131ml97/resources_for_purchasing_raw_land/

Going through inspections and found that owner did zero permitting since the 90s. Meanwhile there’s a renovated kitchen, opened up walls with a load bearing beam, two renovated bathrooms, an upgraded furnace. No permits. I’m in LA county. Already paying an arm and a leg, and minimal fee leaseback. Should I walk? Edit: Not a flipper, prior long term owner occupant had the work done. submitted by /u/hoots618 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/131kxyt/unpermitted_renovation/

Howdy, I plan on buying my first house in the first quarter of 2024, God willing. I live in San Antonio, Texas. The city has been growing since the pandemic with people migrating from other states leading to an increase in demand for houses. Even with rate increases it seems like houses are still moving. Not to mention that a 1,300-1500 sq ft home is around $250K (Insane). From your experience during similar economic environments have you seen house prices drop? I understand rates are a big factor in these prices as for area, but my thought process is if people are moving to San Antonio the house prices will still remain at a certain threshold. One of my biggest concerns is buying a house then the value of the house decreases significantly. Can someone enlighten me with market indicators as to when you should buy a house? I know this is a loaded question, but I appreciate any educated responses. Thank you. submitted by /u/NuyteBuns [link] [comments] source https://ww...

We own a property that at one time purchased a bordering plot. The new plot has a strip of land connecting to the road that was intended for road access, but since the original plot already has a road established the chunk of land is basically useless. In my case it's over an acre. Is it possible to break off that piece of land and offer it for sale to the 2 bordering neighbors? Are there any drawbacks for doing so? We plan to fence in the rest of the land on the new plot for use as a pasture. submitted by /u/k0rny [link] [comments] source https://www.reddit.com/r/RealEstate/comments/130n3q1/ky_can_i_sell_an_unused_portion_of_my_land_to_a/

I am a software engineer with very flexible hours. I’m curious if some of the experienced agents on here think selling houses could be a viable side hustle for someone in my position. submitted by /u/C4TERW4L [link] [comments] source https://www.reddit.com/r/RealEstate/comments/130mmzn/is_selling_re_a_viable_second_job/

Bought a new build home from Lennar in central Texas. Appraisal came in about $8k higher than our purchase price. VA loan is conditionally approved with some minor documentation things taken care of , waiting on underwriting, supposed to close on May 10. I had been in the house to do some measuring and realized the floor in utility room was kind of bouncy or spongy and didn't seem like it was really attached to the slab floor underneath and brought it up. Developer Sales agent and he said he would "have their flooring guy take a look." I had an independent inspector out and take a look. She mentioned the floor was a problem in multiple places around the house. Where she said, in her experience it feels like, the put the adhesive down, and it got dry before they put the floor down, so when you walk on it, it presses down into the adhesive, but when you step off it pops up and pulls away from the adhesive and makes a crackling sound as it unsticks. This is going to driv...

Hi there. My husband and I are under contract for a home we fell in love with. It’s one of the pricier homes on the block, so I want to ask about these things that came up in inspections and see if you all would walk. The home was built in the 1940’s. The issues below seem to be the only potential big ticket issues. Here are the issues: -Chimney needs tuck-pointing. -Detached garage has foundational issues- nothing critical, but some cracks in garage floor, right side foundation and driveway due to improper foundational prep before building. Not a major concern as my husband can address this himself. -My biggest concern is the significant tree root intrusion and the belly found in the main line. The inspector said all we need to do is a chain cleaning annually, but I have this worry that once we move in and do the first cleaning, cracks or other issues will become visible, and we will potentially be stuck with a huge fee to replace the line. Am I overthinking it? The sellers recent...

We closed on our house end of January with a 30 yr fixed loan from First Republic Bank. What are the worse and likely case scenarios here? Should I be concerned? submitted by /u/HonkaDoodle [link] [comments] source https://www.reddit.com/r/RealEstate/comments/130cp5t/frc_mortgage/

For you agents out there that wonder why consumers end up using referral sites to find agents, sometimes they don't even realize they are doing it. ​ Someone sent me a video from the company "Its Home" and asked me to look into it. It fronts as a free mortgage rate shopping tool and pro consumer views, but in the disclaimer talks about how Rocket Mortgage is their biggest client. Go one paragraph further and the next paragraph states that It's Home is owned by Rocket Holdings. Had I not looked at the small legal disclaimer, I would have never known. Which is weird considering the CFPB recently put out a warning about stuff like this. Not to mention the next step will likely be to push you to Rocket Homes. ​ Same can be said for Home and Money (subsidiary of BoomTown). They come across pro-consumer, but push everyone to My Agent Finder to collect referral fees. ​ The Real Estate Witch Blog (owned by Clever) pushes people to Clever. ​ Shouldn't there be mor...

I've been looking for property in a nearby city for many months now. So far, in this crazy, "feeding frenzy" market, I haven't succeeded. In general, the problem is that I can't get there - about an hour away - before it goes pending, even if I'm able to go first thing in the morning the day it's listed. In my opinion, people who got a heads-up about it (other realtors, established investors/flippers who work with certain realtors) have the advantage; they also don't care about the aesthetics, repairs, or the neighborhood, because they have their "team" in place to fix it up and are not planning to live there themselves. I'm sure there are many factors playing into this, but to say it's "competitive" is an understatement! At any rate, this realtor is extremely young and new, but I ended up working with him just because he was always available, unlike busier agents. His father is an investor, landlord, and property manager, ...

My laminate basement flooded and now, the insurance company will be paying for a new floor. I am trying to understand the financials here. Say it costs $10k to put in a new vinyl floor and $2k is my deductible. Does the insurance company pay for the remaining $8k completely? I am guessing no, since the agent mentioned that the water damage mitigation expert will be sending a sample of the floor to the lab for them to determine the current damaged floor value. The agent also mentioned something about depreciation which went over my head. She said the value is determined by checking the market cost of installation of a like-for-like floor minus depreciation. So if the exact same laminate floor new installed costs $6k and we subtract $1k for depreciation, will the insurance company be paying me 3k which is 6k minus 1k (depreciation) minus 2k (deductible)? If I go for the $10k vinyl floor, do I have to bear the extra $4k myself? submitted by /u/RudraAkhanda [link] [comments...

have 750+ credit score. Im not with any credit union…. i want to know how i can find the lowest rates possible? Any advice from anyone? I ask because although rates are at 6-7% I see people have closed on lower rates like 5% etc Is going to my personal bank best option? (Bank of America) submitted by /u/Negative-Suspect3679 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12zdik3/hi_everyone_any_advice_to_find_the_best_way_to/

I'm 23 and live in Florida. my grandfather whom I was a caregiver for passed away April 2021, he left his property to me and my sister in his last codicil of his will and trust. In this will he states that he wants to remove my aunt and anyone else listed on the will because they are deceased. My aunt knew this. The only issue is that my aunt and my dad (now deceased) are listed as trustees. When I tried to file the codicil at the courthouse they said I needed to file it in probate, which I couldn't afford so I wasn't able to. Anyways Out of nowhere this company sends someone to come to my house, opened my gate and banged on my door. Of course I didn't answer, when I opened the door after he left I found some kind of purchasers agreement/contract and a note saying he is interested in buying my home (at the time I was in the early stages of foreclosure, which is public record. but it's settled now). I called the number and immediately I had sketchy vibes from him ...

𝑽𝑰𝑶𝑵 𝑾𝑬𝑺𝑻 - Pre-Selling Condominium in NCR Makati City Phillipines Turn Over Date - 4th Quarter of 2026 𝑀𝑒𝑔𝑎𝑤𝑜𝑟𝑙𝑑’𝑠 𝑙𝑎𝑡𝑒𝑠𝑡 𝑐𝑜𝑛𝑑𝑜𝑚𝑖𝑛𝑖𝑢𝑚 𝑜𝑓𝑓𝑒𝑟𝑖𝑛𝑔 𝑖𝑛 𝑡ℎ𝑒 𝑃ℎ𝑖𝑙𝑖𝑝𝑝𝑖𝑛𝑒𝑠'𝑠 𝑢𝑛𝑑𝑖𝑠𝑝𝑢𝑡𝑒𝑑 𝑙𝑎𝑛𝑑 𝑜𝑓 𝑜𝑝𝑝𝑜𝑟𝑡𝑢𝑛𝑖𝑡𝑖𝑒𝑠 𝑎𝑛𝑑 𝑝𝑟𝑜𝑔𝑟𝑒𝑠𝑠. 𝐿𝑜𝑐𝑎𝑡𝑒𝑑 𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑖𝑚𝑒 𝑙𝑜𝑐𝑎𝑡𝑖𝑜𝑛 𝑜𝑓 𝑀𝑎𝑘𝑎𝑡𝑖, 𝑉𝑖𝑜𝑛 𝑊𝑒𝑠𝑡 𝑖𝑠 𝑠𝑡𝑟𝑎𝑡𝑒𝑔𝑖𝑐𝑎𝑙𝑙𝑦 𝑙𝑜𝑐𝑎𝑡𝑒𝑑 𝑖𝑛 𝐶ℎ𝑖𝑛𝑜 𝑅𝑜𝑐𝑒𝑠, 𝐸𝑥𝑡𝑒𝑛𝑠𝑖𝑜𝑛, 𝑀𝑎𝑘𝑎𝑡𝑖 𝐶𝑖𝑡𝑦 𝑏𝑒𝑠𝑖𝑑𝑒 𝑡ℎ𝑒 𝑡𝑟𝑎𝑛𝑠𝑖𝑡 𝑙𝑎𝑛𝑑𝑚𝑎𝑟𝑘 𝑜𝑓 𝑀𝑅𝑇 𝑀𝑎𝑔𝑎𝑙𝑙𝑎𝑛𝑒𝑠 𝑆𝑡𝑎𝑡𝑖𝑜𝑛. ☑️ It's in the middle of Makati, Pasay and BGC ☑️ 34 stories tall and will rise in such a perfect location ☑️ With a 2 Level Megaworld Lifestyle Mall ☑️ High-end and Future Ready Project ☑️ LIFETIME/PERPETUAL OWNERSHIP ☑️ PROVEN HIGH RENTAL RATE ☑️ LOW DENSITY ☑️ PET FRIENDLY ☑️ HOTEL TYPE CONDO ☑️ BELOW MARKET VALUE ​ 🚨Walking Distance to SM Makati/Glorie...

I just want verification on if I’m a bad person or not, as am I’m generally a person with a guilty conscience. I’ve been basically shopping between two lenders, A and B. A quotes me at 6.375% but already started paperwork that I didn’t sign, B quotes me at 6.25%. I stick with A because it’s not enough of a difference and I tell both of them that I’m sticking to A. B comes around an hour later and says he can stick me at 5.99%, so I tell A I’m doing that unless he matches and he goes to 6%. I say ok I’m set, let’s move forward because this is a big win for me. I tell B again - now B comes back an hour later, summary in hand saying he’s at 5.725%. I send to A saying sorry this is obnoxious but he’s going even lower now. I get a response from A this morning essentially saying “I’ve never once had a client do this in all my years. You said this was done and you continue price shopping. Let me know what you plan to do moving forward please,” essentially tell me to eff off. Was this chain...

Looking at a listing, I noticed a few things. 1. The home was purchased in 2003 and was sold last month for 5k more than it was purchased. This seems very odd considering the house doesn’t look like a train wreck. 2. Zillow reports no “listing for sale” event in the price history from the most recent sale, only a public record of sale. 3. The new owner has done some minor changes in the month they’ve owned it and are now listing for sale 200k over the purchase price. Particularly point #1 is most baffling to me. Any idea why this would be the case? Is something sketchy going on? submitted by /u/track0x2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12yhfv7/house_value_barely_increase_in_20_years_suspicious/

https://www.nytimes.com/2023/04/24/opinion/new-york-city-affordability-housing.html?referringSource=articleShare submitted by /u/Enough-Suggestion-40 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12ygw84/ny_times_article_whats_wrong_with_new_york/

Slightly off-topic, but what bank account do y'all use/would recommend for home buyers? Any horror stories of a bank people should totally avoid? Or does it really not matter and any random credit union down the road could suffice. submitted by /u/cost0much [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12yab3u/savings_account_recommendations/

We are under contract to purchase a home. The offer was accepted 4 weeks ago, with terms including finalizing sale on May 5 and taking occupancy August 7. Our lender is now telling us that they cannot issue the loan with those terms since the leaseback is more than 60 days, and since the rate lock expires in 2 weeks, any change of terms our closing date would mean an extra 0.5% extra in interest rates. We are a bit upset that both our realtor and mortgage lender were aware of the terms of this contract, and no one mentioned any issue with the leaseback period. Is this a common issue, and is there any workaround that would prevent us from having to move closing? submitted by /u/Actuarial [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12xkzqp/60_day_leaseback_workaround/

A few years back, I signed into an agreement with MV realty. Anyone who knows anything about them would know that many states have been coming after them for bad business practices. My state has not had their attorney general make a suit against them yet. I live in South Carolina. Basically, they have liens against our homes. I did not know that when I signed an agreement with them a few years back. For the last 5 months, I have been trying to sell my home so I can be closer to my son. MV realty has been terrible. My agent is 90 minutes away from where I live, has done hardly anything to promote my home, and sort of just been there. I have been lied to by them, ignored when asked for new pics of my home for the listing, and haven’t had many phone calls returned. The stress and anxiety of trying to be closer to my son and not being able to sell my house has taken its toll on me and I feel like there isn’t much I can do. When I call real estate lawyers, they want money for a consultatio...

https://www.housingwire.com/articles/housing-inventory-still-near-record-lows/ Key points of article in case no one wants to read: Housing inventory in the U.S. remains near record lows High demand and low supply continue to drive up prices Experts predict a slow recovery in inventory levels U.S. housing inventory remains scarce, with only a 2.6-month supply available Home prices have increased by 13.2% in the past year due to high demand and low supply First-time homebuyers struggle to find affordable housing options Experts believe housing inventory will slowly recover but could take years to reach pre-pandemic levels Factors contributing to low inventory include increased construction costs, labor shortages, and supply chain disruptions submitted by /u/Koldcutter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12xfgtr/housing_data_for_march_2023_shows_inventory_still/

If we are in the market for a new build / home site: What are some of the key things you’d look for? I read in another thread about phased inspections, which was super helpful but would love this group’s perspectives. Are there places where we can look up reviews for builders? (BBB and other reviews seem to suggest that every builder is terrible lol) In the Puget Sound area if that helps! submitted by /u/feistyfoodfairy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12xcxk9/new_builds_home_sites/

Looking to hopefully get contract accepted this week. (It’s looking good but you never know…) With the FED possibly raising rates on May 1st/2nd(?), but also rates being slightly high this week because of the bonds from SVB being dumped… would you try to lock the rate before the FED announces? Closing would be last week of June. We have until then to lock. I know no one has a crystal ball. It’s just an odd feeling to want to lock in high-ish rates on day of signed contract with a months of possibility. Would love your thoughts on this. Thanks! Also- is there any chance or fee structure where we could change our minds once during that window? I haven’t heard of that but curious. submitted by /u/7askingforafriend [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12xbac4/rate_lock_advice_please/

submitted by /u/itsjulius12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12x96wm/is_it_true_you_can_buy_a_property_with_tax_liens/

So if a realtor in California receives a check from seller after a transaction has closed as a gift / thank you for a large amount what violations are they in? Also, if a realtor is putting deals under another agent’s license to avoid showing they are working due to a divorce. Is there rules and laws? What’s the violation and who does the investigating? submitted by /u/Upset_Journalist_216 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12x6i4x/reporting_realtor/

I posted a short while ago about going under contract. We signed on Friday! I knew that the house was THE ONE. Wife agrees and kid is over the moon about this awesome place. It is perfect for us. The seller was interested in closing fast and the inspector could get out there on Tuesday. We poured over the place and found a lot of really small stuff (trim and finish features) and one big thing (a window was not egress-compliant) and we asked for enough to repair them. It was granted and we signed. I saw the house a week ago today. And now I'm moving in. This is so strange! submitted by /u/spdorsey [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12w733w/we_closed_5_days_after_first_viewing_the_house/

I purchased my first home a year ago. I used the TSAHC down payment grant to cover my down payment and closing costs. I was told I could not see the house and had to live in it for 3 years before I could sell it. Unfortunately some things happened in my life that is making it look like I may need to move a couple hours away. I planned on renting out the house after I move. My question is does anyone know what happens if they find out you’ve moved? I’ve heard I just need to pay the grant back, while other people have said that I’d have to pay the grant plus the full amount of the loan. I can’t seem to find an answer. submitted by /u/Lincoln-917 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12w5uek/down_payment_assistance_grant_tx/

So was trying to find an agent in PA, found one but then sent me a text asking for a photocopy of my ID !? This seems odd to me. I am in OH now and have NEVER encountered this. Agents have shown me property and I have put an offer in on something actually, recently, I was never asked for anything from that agent to see a home or offer. So this seems odd to me. What on earth do they need an ID for? Its clearly not needed, seems excessive. submitted by /u/PriorityAdditional94 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12w5f0c/agent_asking_for_id_oh_and_pa/

​ My father and I are in the process of buying a new property to Airbnb in British Columbia, Canada. On April 2, we signed a contract and I asked my real estate agent for the expenses and income. She never said no and agreed to get all the information we needed. I realize now not setting a deadline for this or getting it in writing was a mistake. ​ Fast forward to today (April 22), I was approved for the mortgage a week ago and made the earnest payment for the property around the same time. When meeting our real estate agent today, she said I should write her an email with what specific income and expenses I want. We had always said we wanted to login to the owner's Airbnb account (this property earns half of its income from Airbnb and half from mid term rentals). Our real estate agent agreed tentatively to giving us this information when we signed the contract, but now she says our request is not reasonable. ​ So here are my questions. Is it acceptable to login to somebody e...

First of all I want to say I'm a bubbler. Have been sitting on the sidelines a few years now and family situation is starting to change so considering jumping into the market. I think so many people misunderstand/overestimate their ability to refinance if/when the market crashes given that most buyers do not put enough down. I think there may be another 20% dip in the next 12-18 months in certain markets, including mine. Our plan is to put 20% down and then once we sell our current home to put the equity into the home and hopefully have about 40% equity in the home based on purchase price. I'm hopeful to refinance at lower rates once available. If you look at the fed funds rate projections it's reasonable to conclude rates could drop 2-3% by the end of 2025 if the fed/economy can accomplish their goals. Fingers crossed at that point I can get into a 15 year mortgage. With that mindset, what type of mortgage would you try and secure? Is there a cheat sheet/formula of wh...

Pleasant surprise, but want to make sure I’m not missing something/going to get screwed with a big bill in the future? New home owner, bought March 2022. Less than 20% down so have an escrow account (to pay property taxes) included in my monthly payments. My loan was sold in January of 2023 and at the time the new bank servicing my loan did an escrow analysis and determined I had a surplus and sent me a check for ~$2,600… great! Last week they did another escrow analysis (I guess bc property taxes were just paid?) and again surprise- I have an escrow surplus and will get a check for ~$1,200….. AND they notified me that my monthly payment will be decreasing by ~$130/month. I mean, that’s awesome and helps my budget a lot but I was not expecting this, if anything I worried it would go up. Is this normal/happen to anyone else? submitted by /u/Ok_Increase_2308 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12w0cui/escrow_surplus_and_monthly_payment_...

Wife's parents presented this idea today They want to establish a form of passive income as they near their 60's. What are the options available to either party if they bought a house in cash and set up a rent to own agreement with us as the tenants? submitted by /u/rekoty [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12vytj8/rent_to_own_from_family/

Hello guys! Recently l became an insolvency administrator, and l started administrating a company that went bankrupt a couple of years ago. Well, the company in question owns a medium sized hotel (95 rooms) on the Bulgarian coast, located in the resort Zlatni Pyasatsi, near Varna. I represent the former owners of the company and it is my task to find and/or broker deals for them. For a week now l have been looking for a site, forum, agency or etc. where I can list the property and find potential buyers to get in touch with. Can you guys recommend some place where l can list it and actually find buyers who will be interested in this sort of offer? Kind regards, Boyan Georgiev submitted by /u/BoyanGeorgiev03 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12v4ipy/do_you_have_any_suggestions_for_european_sites/

This is probably a really dumb question, but I’m going to ask anyways. We make a little over $200k combined, plan to put down $100k for a down payment, have over 750 credit scores, and are looking around 450k. I’m not sure if that relevant. Our only debit is our childcare, which is around $2500 a month. We rent and have no loans. Almost every 2 weeks my SO also sends $300 to a family friend via Zelle. This started maybe February. We’re planning on staring the pre approval process soon and start looking for a house. Is a lender going to have a problem with this? submitted by /u/NoYogurt6127 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12v45yf/what_will_lender_question/

I have had sewer scopes done before to locate blocks but this would be the first time I will do a sewer scope on a house under contract. This house is ~6000sqft and very spreadout so the inspector estimates it will take ~4 hours. Do I just sit around with them, going through lines and checking if there are: roots compromises in the pipe and connectors unexpected curves either along the X or Y axis that might cause buildup drop the scope from the plumbing vents as well to ensure they aren't blocked? other? This is an offgrid property so a septic system's involved - I'm curious if I should stop the scope upto the stubout or have it continue down at the tank to ensure there's no block from the stubout to the tank submitted by /u/FunTripsToUS [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12v40mj/what_should_i_be_requesting_for_a_sewer_scope/

One of my agents buys properties under his mom's name to protect assets and he always asks seller to reduce purchase price instead of collecting commissions so he can reduce his 1099 Tax liability. Or he gives a huge credit to her in the closing statement. He did this a few times with small amounts and stayed quiet but now he is just basically giving away entire commission and reducing purchase price. (According to chatGPT, this is illegal and considered tax evasion because commissions are taxed as ordinary income) I called him out on it and he threw a huge fit. Basically he wanted to quit and I said no problem at all. I dont know how much nicer I can be. I deposit his commissions checks in his account same day right away and always super responsive with questions/support/advice etc I don't want to create any liabilities with IRS for someone trying to avoid paying taxes. Any feedback Please? To be honest, I feel a huge relief since he basically fired himself. He also wante...

I am considering a new construction and trying to get a re-negotiation clause written into the contract. If they do price cuts on the same home, I want that discount. Found one builder willing to do it but didn’t like their homes. Prices are at all time highs in my area and will most likely go down. I am up front that I will walk if they don’t honor that. The response is “that hasn’t happened since 2008”. Basically arrogantly saying their homes never decrease in value and blah blah. Have any of you written this into your contracts? submitted by /u/Adventurous_Resort47 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12v27fc/build_with_the_intent_to_walk/

Realtor A shows property X with Buyer. No paperwork signed with realtor A. Realtor A is unprofessional and makes comments that offend buyer. (Specifically on classism prejudice) Buyer fire Realtor A Few days later: Buyer buy same property X with Realtor B Can Realtor A sue buyer or this is more an issue with those realtors? submitted by /u/hitchtube [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12uxxqw/buyer_buy_property_with_another_realtor/

6 years ago as a buyer, our agent said to come to the house at the end of the inspection to get the report. We were never told we were allowed to be at the inspection. The reason I'm learning now that this was wrong is because we are selling this house and the inspection is tomorrow and I was a bit taken back to learn the buyers were coming too. Not against it, just surprised. And I feel like we were shut out of something we should have been a part of. And I'm also worried that something was hidden from us that will pop up tomorrow. Has this happened to anyone else? submitted by /u/planetarylaw [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12u32e7/i_was_told_not_to_be_at_the_home_inspection/

Has anyone had to pay a $500 cancellation fee? Buying my sister’s home and she asked if I wanted to use the escrow company she is using so they can add to their offer on a house they liked. I agreed and wired $1k. I should have checked with my broker because he had already opened escrow with a company he worked with. So I canceled escrow with my sister’s escrow company and they won’t release my money unless I sign a cancellation form stating they will deduct $500. It seemed a bit high so I asked if this was stated in the documents I signed and they provided me documents I never saw. And these documents does not specify a $500 cancellation fee. I tried to google if this is the norm or not. I asked my broker and he said there should be no fee. My escrow to buy my sister’s house is closing today. Her escrow is closing on 4/29. What should I do? submitted by /u/ZealousidealEar6037 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12u1ouj/escrow_cancel...

https://ratethelandlord.org/reviews https://www.reddit.com/r/RatetheLandlord?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button r/RatetheLandlord Please spread the movement. The goal is to become a big platform like Glassdoor but for rating landlords,, This can be huge and make renting safer and more transparent for everyone who doesn't have a house. And break up the monopoly that we are seeing being created in investment portfolios that prioritize taking up homes for profit submitted by /u/Ivebeendoingurmom [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12u1g6g/anybody_be_interested_in_joining_a_new_subreddit/

Offer accepted early March. Contingent on their home sale. Closing was scheduled a week ago. I was told THE DAY BEFORE that closing”may not happen” but that if it doesn’t, the latest would be a couple days later. Then that didn’t happen, I was told well it will be Wednesday. Then yesterday I was told “closing scheduled for 1 pm tomorrow” and then got a call 2 hours later from the attorneys office saying never mind. The lender for my buyers’ buyer is being incredibly obfuscatory and I’m wondering why I keep getting possible days for closing and then being told “nevermind”, it’s like someone is deliberately trying to keep me roped in and I’m about to cut bait. submitted by /u/ACLSismore [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12tzfoa/what_is_the_reasonable_time_to_wait_on_your/

My buddy just bought a home in Cleveland, Ohio, where we both live. The house seems decent enough in decent area got it for what seems a good price (129k) in this crazy world we live in now (no garage though). But I was a bit taken aback by him saying that's the first home the realtor showed him, and they decided to make an offer and ultimately ended up purchasing the home thereafter. Is this normal? To buy the first home you go see? You know, as long as you like it, inspection goes well and what not? Only asking cause I'm in the market now as well. And its very competitive in my area. Are people just buying off the bat to secure a home? A bit confused? submitted by /u/ParkingVariety9062 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12tzdtx/buying_first_house_you_go_see/

California residence. Long story short. My dad is selling the house I grew up in. A couple days ago, I spent the weekend fixing up the place and decided I really am attached to it and want to buy it. Later the next day, after work I called him to tell him, but he had put it on the market and agreed to an offer and signed the contract all within about an 8 hour period. He is very distraught, and so am I as he wants me to have the house. As the title suggests, is there a "3 day cooling off period" or "5 day attorney review period" or something along those lines that we can utilize an attorney to help us back out of the contract? Assuming there are no other clauses that allow us to back out. For example, "if seller can't find another home to buy in 30 days he can cancel", etc. I am also willing to pay for damages and fees the other party has incurred out of pocket no problem at all. I really want to make up for their losses, especially because I'm to...

Wife and I started shopping around lenders about 2 weeks ago. Wife is a physician so will be getting a physician mortgage (slightly different than regular) We called a few local lenders who offer physician loans but their rates were crazy, around 7% So we called two lenders who only do physician loans and really liked one guy we talked to. He seemed straight forward, hes also married to physician so knows a ton about the financials. Ran my wife's credit, took her numbers and was honest in what she can be approved up to but what we should keep the price at if we wanted to be financially conservative (his numbers were spot on to our own) He then gave her the rate he was seeing that day. 30 year at 5.75, 5% down, no PMI Amazing rate but we just started shopping and there was no houses we were interested in, but he emailed us the pre approval for what we wanted to spend up to Well 2 days ago we just got under contract to purchase a new build (fully completed) with a closing date ...

We put in an offer on a home in Munster, IN. At first I felt it was too much, though it was less than asking. I still felt antsy, like "I don't know..." Our agent was like "Well, this is what similar places in the area have sold for, and we CAN go lower but it's competitive and they might just walk." We had lost out before on 2 places, both we went in low (but not like CRAZY low). So I trusted him and said "sure." There weren't a ton of places popping up for weeks, most of what we saw in our range was trash (or, rather, needed a lot of work we couldn't do.) Our agent has been pretty good, and is a friend of a friend. On one offer he suggested going lower than we initially did, so I don't think he's trying to rush a sale or fleece us. Now I'm feeling like "maybe we're paying too much?" The inspection showed a few things, so they're offering to cover more of the closing costs vs. dropping the price or fixing th...

Got the inspection completed on our first house and report has following significant concerns- 1. Crack in sewer pipe 2. Furnace didn’t kick on neither did cooling 3. Rodent activity, but there were signa of ongoing treatment. This was not in the seller disclosure though 5. acrobat ants 4. Possible fungal growth The house is from 2007 and HVAC and water heater are original. Other issues seem minor with the roof and foundation in good shape. What kind of cost estimate am I looking. Haven’t heard from the seller yet but the list price is hefty (500k). It’s a hot market(DFW) and the house is ~2600 sq ft. We’re concerned as FTHB how much can we sign up for. submitted by /u/GrowlTiger-meoww [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12syice/inspection_report_bad_enough_to_walk/

20-30 offers on homes. Sometimes more! How is anyone winning? submitted by /u/PacificEntree [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12swyzs/so_competitive/

Our closing date is coming up and our attorney found an unusual issue with the title from the prior owner (sold too fast, violated FHA flip rule by a few days) Current owner’s lender / attorney did not catch this when they bought the house many years ago. As a solution, the current title insurance is offering to fully insure the title for us as well. However, nobody plans to pursue remedying the situation, and there is no letter of indemnification, because they consider it somewhat minor, and the FHA has never brought up the issue. I understand I would be covered by title insurance if something did come up, but my question is … when I decide to someday sell, how do I know the title insurance will cover the next buyers too? Could this cause selling issues for me down the road? Thanks submitted by /u/tarona9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12su1pt/sellers_title_insurance_offering_to_cover_the/

Homebuyers today are becoming increasingly sensitive to weekly fluctuations in mortgage rates, which is causing a slowdown in home purchases, according to data from the Mortgage Bankers Association (MBA). The data shows that the average contract interest rate for 30-year fixed-rate mortgages increased to 6.43% last week from 6.30% the previous week, with points also rising to 0.63 from 0.55 for loans with a 20% down payment. This has led to a 10% drop in mortgage applications to purchase a home from the previous week, with buyer demand 36% lower than one year ago. ​ https://www.tweeklynews.com/exploring-the-impact-of-rising-interest-rates-on-mortgage-demand-from-homebuyers/ submitted by /u/pulkitnagar9868 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12sp1qi/exploring_the_impact_of_rising_interest_rates_on/

We are moving to another state (FL) and are planning to rent our Bay Area condo for couple of years. If we end up liking our move, we’re planning to sell our condo after a year or two. We’ve lived in the condo for 8+ years. Would this be considered an investment property for taxes or primary residence since we have lived here for more than 2 years in the last 5 years? Thanks for your replies. submitted by /u/Calichurner [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12s25r8/renting_and_selling_a_condo_after_2_years_tax/

Lending company in my current city text me by name about looking into buying a home through their company. I bought my home in a rural town 2 years ago from a family friend who I'd rented from for 3 years before that. Last year i did move to an apartment with my gf in a different city and then we moved to another nearby city recently (City the lending company is based) I've never looked into real estate, never signed up for anything like zillow or realtor.com. I know my info is available online but I'm just curious as to how they actually get hands on. submitted by /u/RezHeads [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12rwnam/how_did_this_person_get_my_number/

Deeper subsidies for those who shouldn't be buying homes in the first place? https://www.msn.com/en-us/money/realestate/how-the-us-is-subsidizing-high-risk-homebuyers-%E2%80%94-at-the-cost-of-those-with-good-credit/ar-AA19VQSK https://singlefamily.fanniemae.com/media/9391/display submitted by /u/NewPairOfShoes [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12rveag/setting_up_for_another_2008/

Closed on my first house about a month ago. After a few days of the seller's agent not getting them, I contacted my agent about them. She wasn't too concerned about it, but did remind them about getting the stuff. Pulled out the sign and put it in the basement, changed doorknobs to remove the lockbox (Supra). They still haven't gotten their stuff, so at this point I don't know what to do with them? Not interested in doing the legwork to take them to the office for the seller's agent since they pretty much didn't care throughout the whole selling process. At this point, I'm wondering if it'd be okay to throw them in a yard sale and see if I get any takers lol submitted by /u/Zedesta [link] [comments] source https://www.reddit.com/r/RealEstate/comments/12rtwor/one_month_later_sellers_agent_still_hasnt_gotten/