I am selling a house in Alabama and accepted an offer with no contingencies. The buyers however sold their house with a contingency that has caused 3 closing date changes. Due to employment this is causing me to spend roughly $1000 per week to stay in a hotel. Do I have any legal means to recoup these expenses and/or force the closing? submitted by /u/Villam476 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13wpvec/closing_delays/

Trying to help a close friend who is a single mom with three kids. What’s happening is there is a just very little inventory and when something pops up it’s gone. Other than following around moving trucks and going door to door. Can anyone think of anything than the usual websites or realtors to find a rental ? I was thinking a desperate tik tok video haha Thanks submitted by /u/cfiatzph [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13wnvmy/outside_the_box_ideas_for_finding_rentals/

Hello! I am real estate agent. I was helping another agent out of my office with a inspection that she couldn’t make. I was there from about 9:30 to 12:30. How much should I make her compensation me that will be fair submitted by /u/Traditional-Toe-6972 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13wlvur/need_advice/

Do you think with housing prices climbing to today's prices that the old buyer/seller agent commission structure of 2-3+% for each side is still fair? $9-13.5k for each the buyer's and seller's agents on a $450k house seems like a ton of money for almost no work to me. My wife used to be an agent and within 2 years was making more than me as a senior software engineer (2007-8 killed that). I get that it can take years to build up clientele and there is continued education (for as little as $100/year) and license renewal, lead generation services, etc. A single sale will cover all of the costs for a year and still leave enough to make 3 mortgage payments and a car payment (or more). It just seems to me that as home values have gone up the agents are taking way too big a cut. Maybe it's just me. submitted by /u/crap-with-feet [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13wk5j1/are_real_estate_commission_structures_fair/

Im looking at this property. It’s a new house and they said they will put the sod after closing ? Am I being scammed? This is a Lennar new Homes in Texas submitted by /u/TXbarbecueBluebell [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13wgm5e/installing_sod_after_closing/

My girlfriend and I signed off on a brand new construction build in Menifee, CA at the end of March. The builder is Lennar and we were able to negotiate a couple of incentives. All closing costs completely paid for, buy down rate for 30 yr fixed @4.99, discounted upgrades through design center, and 2 years of free HOA. Here are our income details. Combined income 110k with 40k in student debt (in deferment). Zero credit card debt, no car loans, etc. Home financial details below: Home purchase 497k (it’s already gone up 20k so we have unrealized equity so far) 13k homesite premium (new lots require this) 16k solar panel system 16k ceramic tile flooring upgrade. 542k total with 42k downpayment at closing. More details $100 monthly HOA $200 monthly PMI $795 yearly home insurance through Lennar tax rate with supplemental assessments included is 1.9%. (This one hurts) it’s roughly about $9500 yearly. We have no kids just 2 dogs. I am 25 she is 23. 4 bd 3 full bathrooms 2600 sq ft, 7000...

Hello All, I find myself as an unexpected landlord, as I purchased a 2 bedroom townhome in Central Florida last July (intended to be a primary residence) as I was working remote. Unfortunately I and others were laid off in March of this year. I moved out of the home, and was able to secure new employment in Phoenix, where I rent an apartment and am today. Note - I only put down 5% when I purchased, so I have little to no equity. That said, I cannot continue to carry both a mortgage and rent. My realtor I used to buy the home said if I try to rent it, I will likely have a $400-500 net negative cashflow in the first two years. If I try to sell it, I will potentially break even, minus seller paid closing costs. While I love the area I purchased in, I do not have interest in being an out of state landlord, and could see myself staying on the sideline from owning real estate for a year or two. What would you suggest I do? submitted by /u/JungleJim408 [link] [comments] sour...

Buying in Columbus , OH First time buyer with stay at home wife, 4 month old girl and a dog On H1B visa in US till death or kicked out Age 34 with good health No debts 520k home price 20% down ready 200k liquid net worth and another 200k in retirement 300k Total comp Ready to pay 10k more on points fr lower interest Ready to afford 15 year as well 1.Tell me if I am doing any mistake 2. Suggest which mortgage plan and lender to take submitted by /u/ShingekiTitan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13vppmn/suggest_me_lender/

Does the homebuyer have any recourse when the seller knowingly hides a major defect, and inspection doesn’t catch it either? Basement has significant flooding in the winter/spring rain. I can now see the sellers covered it up, and the basement cement paint is damaged where it floods annually. Estimates to deal with it are 15-20k at least. submitted by /u/Jaded_Future967 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13vn3ms/recourse_when_seller_and_inspector_dont_report_a/

Hey guys! We are working on a property video generating tool for real estate market. Is there any site we can promote it? We have an affiliate program. Thanks in advance! submitted by /u/taleblocks-ai [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13vkpnc/deals_and_coupons_for_real_estate_market_site/

Home loan interest rate and repayment tenure are connected, as they determine the financial viability of a loan. When repaying the loan, the principal amount plus interest is paid, and the tenure is calculated based on the borrowed amount and agreed interest rate. Tenure is the number of years it takes to return the principal and interest amount, with 360 EMIs in 30 years. Understanding these terms helps you understand how interest rate impacts repayment tenure. https://homecapital.in/blog/the-impact-of-interest-rates-on-your-home-loan-repayment-tenure submitted by /u/Shilpa_Blogger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13vitvq/the_impact_of_interest_rates_on_your_home_loan/

Hello, I've been looking at possible part time jobs that are 100% remote to make some extra money and transaction coordinator seems like a good fit. The question is firstly, what is the best way to learn the job if you have no prior real estate experience? I know California has courses but those are pretty pricey. Secondly, once trained, what's the best way to pursue work as a freelancer? Would I need to just reach out to RE agents until one says yes? I'd be willing to work for cheap or even free my first time just to get my foot in the door. Thanks! submitted by /u/randomguyonreddit24 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13vim03/transaction_coordinator_training/

Cross posting with r/personalfinance to get different opinions. I’ll try to be brief here while providing detail, but my main question is around how you would handle offloading a home and renovating the new one. Last year a house in our city came available that we thought would be our dream home, and not necessarily being I love with our old house we jumped on it. We have been lucky in investing in our primary residence over the years, buying and selling at the right moment a couple times. This meant we have a lot of equity in this “dream house”. However for a multitude of reasons we no longer want to live here and want to go back to a more modest home. About the house - purchased for $810k in august of 2022. Took a 30 year fixed loan @ 5% on $215k, paying ~$1800 a month all in. Equity in theory is around $600k. The market is still fairly strong. Could likely sell for around what we paid for it, maybe a little more, but with realtor fees likely we would take a loss, which we are o...

Manager left tool box and pushed pick up date after termination by 3 weeks and last Friday didn’t pick up his box when he said he would. In ny has 30 days from that day to pick it up or it becomes work property. If he has not picked it up by June 26th what can we do? Looking to keep it for myself and use the contents if he doesn’t pick it up. submitted by /u/BuffaloPhill_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13uvtml/tool_box/

Just a quick reminder - never waive the inspection. Recently, we put in an offer for a house that had sold just 2-3 years ago. The price had surged by 38-40%, and although it had a few surface updates like an updated wet bar and a fancy foyer chandelier, there were no major renovations. The house is 40 years old, so we asked upfront about the condition of crucial stuff like the roof, windows, AC, and water heater. The agent told us that all was well, with the roof having been recently inspected and found in good shape. They said the windows were replaced as needed and the AC and water heater were in good condition. Fast forward to our inspection. The report - The roof had signs of advanced aging, moss growth, and heavy deterioration. One HVAC system was beyond its life expectancy, and it seemed like no maintenance had been done in ages. The other HVAC at the 20 year mark. We found mouse droppings in the basement. And the windows, Some were literally rotting from the inside. So, a ...

I want a very high return. Can put down cash for initial investment. I am willing to put in work but have not much experience. Could be anywhere in the country. My thinking was four-plexis in NH? But I’m open to anything. submitted by /u/nickmonster7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13unmqy/what_is_the_best_fastest_income_after_expenses_i/

If I put down greater than 20% will my rate be lower, or are there diminishing returns for mortgage interest rates with down payments beyond 20%? I am curious what others have experienced when putting more than 20%. submitted by /u/bigman_withdebt [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13u365x/relationship_between_interest_rate_and_down/

My partner and I have a small amount of money saved and are considering taking out a land loan to purchase a small lot which we hope to build on someday. If we finance this property as people who have never bought a home will this affect our eligibility for first time homebuyer benefits if we choose to take out a mortgage (unrelated to this property) in the future? Thank you in advance for any advice. submitted by /u/Birrrrrrrrds [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13u2945/first_time_buyer_land_vs_home/

My husband and I own our current home. We don’t have a mortgage. We are in the process of purchasing a mobile home and land package, and when we filled out our application we included the information for our existing home and there’s a section that asks what we will do with the home, we said we were going to sell it. We didn’t realize that was going to be such a problem. Our down payment is not coming from the sale of our current home, we listed the bank account information for the account that the down payment is coming from. The lender has included that we must provide proof of the sale of our current home in the conditions to be met before the loan is funded. The issue is that we live in our house and didn’t intend to sell it until after we had moved into the new home. When I spoke with the lender about this they suggested we move out now and rent a home, but that doesn’t resolve the issue that our home may not even sell that quickly. The lender also said we could increase our ...

Closing on my home this week. I have typical closing costs (title, realtor, fees, prop tax etc), but the bank is charging $5000+ in interest on top of my remaining note with them. I have $338,000 left on the mortgage and they are tacking on a $5000 interest payment on the closing disclosure. Is this normal?? submitted by /u/ewok_slayer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13u19k3/bank_charging_interest_at_closing/

So some context. I grew up in this house until I was in my teens. My grandmother died in 2015, But while she was staying in a nursing home for about 5 years one of her children, my aunt, did a sneaky and moved in to her house under the guise that she would take care of it and she absolutely and utterly destroyed the house. Fast forward to present day. My other aunt who is extremely responsible and pretty much has domain over all of my grandmothers stuff finally kicked her out and had someone assess what I thought was how much it would cost to get the house up to livable standards. My aunt has told me she would sell the house very cheap to us kids if we want it. I don't know "How cheap". My mother said probably around $20,000. I have been told it needs at least $30,000-$40,000 in repairs just to get it livable and up to code. It was built in 1928. "Technically" its a 3bd, 2bath, but it's more complicated than that. I don't know the fancy term for it but ...

Has anyone used the USDA Guaranteed Loan? From looking at the basic requirements my partner and I would qualify and pretty much our entire state counts as rural. The only thing that gives me pause is that both our employment history has been rocky with many short gaps and the longest job held for only 7 months. With all other qualifications met, do you think this would prevent us from getting approved? I'm not sure if it matters but we both have documented disabilities that were directly related to the gaps in employment. Our most recent jobs were 7 months which was the duration of the contract and we've since both acquired permanent positions elsewhere. Thanks for any advice you might have. submitted by /u/Putrid-Occasion1881 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13tu6yq/experience_with_usda_guaranteed_loan/

Over the past couple years I've had in built in my head that I was going to go all in on getting my 1st rental property. The more I've analyzed the situation the more I'm seconding guessing myself. What is the right way to go about investing in my first property? Here is some numbers on the first property I may buy. Listed at: $159,990 Interest rate: 8.76% due to LLC or it would be 6.76% under my name Monthly Mortgage rate approx: $1288/month with 20% down or $1485/ month with 10% down. Home Information: 3 bedroom, 1 bath, 1114 sqft. - recently renovated If I put 20% down I would net approx. : $156/ month until rates drop and I'm able to refinance. Here's where I get stomped Do I dish out a huge chunk of money for a downpayment to make a small amount of profit each month? If, so it will take me still about 5 years to break even with my downpayment expense. I feel like I really want to buy a property just because I've been itching to for years and I know...

First time home seller here. We had an early morning showing last week and when I came home after they left the whole house smelled like .. sewer. Turns out someone pooped in the master bath and didn't flush it all the way. I'm a germaphobe as it is but this freaked me out and I'm grossed out. Since I'm divorcing, I really need to sell. How do I keep this from happening again? Or is this what I'm supposed to expect? I'm immunocompromised and the realtor knows this. Do I tape the toilets shut? I'll be leaving hand sanitizer and wipes in all the rooms from now on. There's already a sign asking people to use masks, shoe covers and wipe things down that they touch. Towels are removed before each showing. None of the faucets were used (all the sinks were dry so they didn't wash their hands after pooping) I get people wanting to try faucets to check water pressure etc and peek in closets to try things out and imagine this as their own house... bu...

I have two acres on a culdesac in Trumbull, CT with an older house on it from the 70's which is way outdated & needs lots of work. I've called some builders and they either don't buy property or they do but they only buy 8+ acres. Anyone know of a way to let a lot of builders know the property is available instead of trying to individually call builders randomly off the internet? Or is trying to sell the property to a private indivudal and then that person hires a builder for a tear down/custom home build better? I've been floundering with this process for a year and it seems like no realtor knows how to go about this process (buy the property with the house and then tear down the house and have a new home built. This house is semi horded and needs a ton of work so doing a walk through with a potential client won't be feasable). Any suggestions or help is appreciated & Happy Memorial Day Weekend. submitted by /u/Dont_Jersey_Vermont [link] [comme...

This is a new construction house and there's no storm water drains or basins in the yard, it all just goes to the street. Except it stays in my backyard. The survey shows the drainage easement 10 ft from the back of the property line, and yet it also shows elevation marks that bring the lowest point about 15 ft from my backdoor. The city says it's not their fault, surveyor won't respond, and builders said they did it right and the warranty doesn't cover grading. submitted by /u/1Check1Mate7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13t5iqh/drainage_easement_is_not_the_lowspot_of_backyard/

We're going to be first time home owners and we're looking to buy out of state. We've visited different areas, monitored the market for about a month. We are also working with a realtor whom we really like. What are some tips to ensure we buy well? Any success/failure stories from people who have done this? submitted by /u/prerun_12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13t55q5/buying_a_home_in_a_new_place/

I'll try to keep this as short as I can: Our family found our forever home after years of house hunting and we won the contract. We're 30 days out from closing. For a couple of reasons, my pre-approval lender (Let's call him OG Lender) failed to catch an issue which disqualifies me from a qualifying mortgage (self employment under a year), so when I started shopping for loans, I started receiving rejections saying "Federal law prevents me from giving you a qualifying mortgage until you've been self employed for at least a year." This made me panic a little since I had issues getting a loan for my current house, so I start 10-15 applications with anyone who'd talk to me. I've got another complication with my financing in that most of my bank funds aren't seasoned and don't have a complete paper trail (nothing illegal or shady). I've been rejected several times because of this as well. My options are very limited for getting a loan righ...

Hey guys so basically I bought a home a couple years ago with a VA loan. My parents moved in shortly after COVID. I got married a couple years later and now my parents feel threatened by my new wife. They had me sign a notarized document that was called “right to buy” and it stated that we had a deal that my parents would by the house within 2 years and that if I sold the house, the equity would be theirs. The person who drafted those papers was a real estate broker, not a lawyer. I’m trying to sell my house now. Will this document that my parents have hold any ground? Can they own the equity of my house just like that with a paper? I’m an idiot, I know but I don’t want to be manipulated by them anymore. submitted by /u/GuiltyDistrict8147 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13sewap/document_legality/

Home owner here, I've been doing some research about Home Warranties and opinions seem to be mixed. Puls promise same/next day service, pretty wide coverage and their own vetted technicians, anyone has experience with them? 🙏 submitted by /u/uri3001 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13scz8i/anyone_heard_of_puls_home_warranty/

My bank has had an issue since March reporting to TransUnion and I suspect the other agencies. I just applied this month to lenders and barely squeaked by with a 760. I only have an unsecured loan through them and I paid it down by 50% but they haven't been able to report that. Is there anything I can do aside from getting a new bank? Thanks in advance submitted by /u/sega_fan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13scsco/bank_hasnt_reported_to_credit_agencies_in_2/

From what I’m seeing on the NY state realtor exam registration website, it requires NY driver license, so just wondering if I can actually become a NY realtor while having a NJ driver license submitted by /u/iamash0508 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13sbo31/can_i_get_a_ny_realtor_license_if_im_a_nj_resident/

We have a lead paint report on a 1977 house. The average level of lead in the samples is .2mg/cm^2 where the threshold to count for lead paint is ~1mg/cm^2. The report says the lead amount is 'negligible', but we're not sure what this means for the effect on resale in the future. Thank you for your advice! submitted by /u/Prosepuzzle [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13s94cu/is_it_easy_to_resell_a_house_with_negligible/

Is not a real job, prove me wrong! submitted by /u/Dry-Ad4162 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13s81ov/realtors/

Im selling my house. It had some wind and hail damage on the roof. My realtor wanted me to use their roofer to replace the roof, they said they need someone who can provide a warranty on the roof. I chose to go with another company that charged less, and has no warranty. Now they wont acknowledge that the roof has been replaced and say its unsellable and they will disclose this to all potential buyers. Thing is, when I bought this house it didnt have a roof warranty. Should I fire this guy? submitted by /u/420W33DSN1P3R [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13s65hv/roof_warranty/

Closing cancelled at last minute seller on pre foreclosure. NJ so yesterday was our closing We went to the final walkthrough in the morning and everything seemed fine but then when we went to the lawyers office to finish the closing There We were told that the seller was on pre foreclosure and that We were gonna have to wait untill they get the value of the seller payoff with the extra fees of the lawyers in charge of the foreclosure. 1. We didn't even know he was missing payments until yesterday. 2. According to our lawyer the seller mortgage is with roundpoint mortgage and is really hard to contact them " the seller and his lawyer are doing everything that they can to expedite the numbers we need but nobody even pickup the phone. 3. We were planning to move by next week because our apartment lease is due. 4. Theres no warranties that they gonna get the final amount anytime soon because the reputation of roundpoint mortgage. What we should do? We been under contract for mor...

Long story short… I hate my neighbors and really can’t stand living next to them anymore. Someone else may be able to stand them but my mental health is rapidly declining. We’ve lived in our house for 2 years and it is in an area that is being rapidly developed but my neighbors aren’t selling their house that is kinda falling to pieces. (Yes I worry about this narrative for selling my house). Our house is essentially brand new except for the foundation, we customized the build and it’s desirable (minus the trashy neighbors). Because we haven’t been planning to move, we don’t have money saved to buy a new house but we should have decent equity in our house based on the selling prices of others in the area. I am just wondering how possible it is to sell your existing house while trying to buy another. submitted by /u/WoahBoyDatNice [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13rjr5e/how_do_you_coordinate_selling_your_house_to_buy/

Hi there! I was curious if there was a way to view older listings on websites since they’ve been removed. I’ve tried looking through the sale history and even the Wayback Machine but haven’t seen anything. submitted by /u/Dull_Count_7860 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13rh2p1/view_old_listings/

First time home buyer here, I wanted to see if how’s y’all experience been with 3.2.1 interest rate buy down. I spoke to someone at rocket mortgage and it sounds like they have a promotion for it, however very limited information online? I appreciate any advice! Looking to buy in Texas. submitted by /u/Cloft99 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13rg2bt/321_mortgage_options/

I knew it was cheap before. It went through a downturn, kinda like Detroit but less so. But I thought it had recovered a lot. But out of curiosity I checked, and wow. If you are looking for a cheap house... it looks like the best deal in the US, that is if you want to live in a major city. (no I don't live in Cleveland, and never have. I just like browsing) Eg, $110k for this . Not great per se, but not horrible. The neighborhood looks ok. I mean, I didn't even think you could get prices this low still without it being a complete gut job. Look at this cutie, $125k This needs work, but $79k??? submitted by /u/SeriousPuppet [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13rdit2/whoa_cleveland_is_cheap/

I need help. Can a mortgage broker refuse to cancel your application? I am from Canada. I am a first time home buyer and I am closing a house soon in the second week of June (I did not get a pre-approval beforehand). I started shopping around for rates back in April and I was referred to this mortgage broker from a family friend. This mortgage broker ended up wasting a lot of my time, she would take 5-10 days to respond with an update on the rate and the rates being offered weren’t competitive enough. I ended up telling her I was going to stop using her services on May 10th. At the same time, I was speaking to someone directly from the bank and this person offered me a better rate than what she could provide. I decided to move forward with this application now. I did not realize it but my bank has informed me they’re unable to move forward with my application because my previous broker still has a pre-existing application open in my name. They asked me to ask her to cancel it. I se...

Are these natural first time homebuyers jitters, or are the voices in my head correct ? After years of methodically saving, we finally have enough money to put down a modest (<10%) downpayment. We have been seriously shopping for SFHs for about a month in our HCOL area and were pre-approved for a loan with a 6.2% interest rate threeish weeks ago. We found a house we really like that was at the lower end of our budget. Our offer was accepted after some negotiation and we went back to the loan officer to start filing the paperwork. As he is going over the numbers with me he notified me my interest rate would be 6.7%. In my ignorance I thought my pre-approval rate at 6.2% was locked in, and while we can afford 6.7%, it spiked my anxiety. I quickly shopped around again and found very similar rates. 6.2 was already high, that extra .5 feels like the straw that broke my back. This has me losing sleep and questioning whether it is worth it. I was zen about our circumstances - we simply...

Hi, Should I include the terminal value of the property when I calculate the ROE? The property is for lease for 15 years and at the last year will be sold ...so is it a correct practice to include the expected property value in ROE calculation? Thank you. submitted by /u/Raha_Byeee [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13qm4q1/roe_calculation/

In the area I am shopping for homes, most are off the market by the time you can blink, multiple offers, all the things. In the town I am now looking at, but same general area, I am reading homes can go pending in 4 days and a home is on the market about 21 days. There is a home I see that as of this coming Saturday, would be listed for 30 days. How much below list price would be appropriate to where my offer would be considered? submitted by /u/luke15chick [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13qlz43/appropriate_offer_below_list/

Good morning /r/RealEstate ! How you doin? Last night I got a call from an out of town "relative" who excitedly told me he "bought a house today" and "would be busy for a few days." Well he means he "won a bid" and "needs to talk to his credit union," and stuff like that. I reminded him to get that inspection scheduled and suggested he'd actually be busy for a few weeks. He was very excited so I'm not sure what I said sunk in. It was clear to me that he has no idea how many things can fall apart at this point. The inspection could go badly. The credit union might decide he's not as credit worthy as they thought he was months ago when I told him to find a mortgage broker. Interest rate might be higher than he anticipated resulting in a higher payment than he anticipated. There might be stuff that does not pass muster with the VA appraisal -- I have no idea if the agent understands VA property condition requirements, and t...

Closed on a new construction (spec) property in March. About a month in, after a few days of rain, there was standing water along the foundation wall that reminded for about 4 days after the rain stopped. Builder says the NC New Construction Addendum applies only to the structure itself, so this problem isn’t covered by the warranty. Thoughts? submitted by /u/psiloa [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13ql16g/builder_responsible_for_standing_water_along/

My wife and I are trying to decide how to prioritize upgrades to the home we just purchased. We have several smaller items that will be done regardless, but the first big project is what we are trying to decide on. We have it narrowed down to two options. I have renovated homes before and understand it won't be a 1:1 ROI, but am still curious as to what others perceive to be a better value/more desirable if they could only pick one upgrade. I ask this because we are looking to potentially relocate within 5 years from now and want to know what others prefer in a home. Option 1) fully renovate the master bath and master walk in closet - tile flooring, comfort height double vanity, tile shower, new built in shelves in closet, etc. Option 2) remove all carpet and two different styles of LVP (light oak look and gray oak look) on the main floor of the house and replace all of it with matching hardwood. submitted by /u/Familiar_Work1414 [link] [comments] source https://www...

So me and my wife finally accepted an offer on our house after almost 3 excruciating months on the market. We’ve had communication issues with the agent, and even though he is really nice and means well, he is way less experienced than we had initially thought when we hired him. Luckily we are selling the house before making any more contingency offers so we would really like to get going with a new agent for our search for a new home. Is this common practice? Should we let our current agent know? We don’t have any contract signed in terms of buying homes with him. We’ve just made a few offers in the past (while our house has been on the market) and they were all declined and we couldn’t get any valuable insight from him whatsoever in making a competitive offer. And also, he doesn’t get any early listings or anything like that submitted by /u/Important_Cut_2421 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13qgqtt/switching_agents_after_selling_hous...

My fiancé and I are getting married in September. We live in a major city in the US Northeast, and our rent is going to go up to $3200/mo if we renew our least at the end of July. We can pay it without major stress (it was $3000/mo this year), but that’s $38,400 out the window for the year. Plus there’s trash everywhere, traffic is horrendous, safety is questionable on public transit, and we’re just sick of the city. When we got the rent increase notice we started shopping for houses. Today our offer was accepted for a house 1:15-1:30 from our respective offices each way. It’s an ongoing issue, but my boss is not willing to officially give me less than 3 days in the office each week although I do often only go in 2 and it doesn’t seem to be a huge issue. Currently my commute is :45-1:00 each way, and I already hate it. Unfortunately because of my industry I am stuck in this city specifically. This year I looked regularly for remote jobs at or slightly above my salary in this industry...

My family member is ready to sell. They purchased in 2018 for $350k. Their realtor said the CMA is $470-515k, but wants to list at $499k. The previous tax assessment from when they bought was $319k but it was just reassessed at the start of the year for $509k. I was always under the impression that tax assessments were on the low side of actual value. The problem is the house is on some land (1 acre) so comps of the same size are a bit hard to find outside of some smaller new builds selling for $275 a sq ft (no garage) and smaller overall. RPR had an auto generated value of 519-590 with a 5 star confidence if that means anything. Just trying to look out for them and make sure they’re listing in the right price range. submitted by /u/enzog13 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13pqef1/is_there_any_correlation_between_tax_assessment/

Hello, here’s the rundown! We currently live in a desirable neighborhood where home values, like most of the country, have sky-rocketed over the last couple of years. We bought back in late 2020 and were able to secure a low rate, 2.6%. We bought the house knowing we wanted to be in this neighborhood- great schools, awesome location, etc.. Unfortunately we put more of an emphasis on getting into the neighborhood quickly and with a good rate, than we did finding the home we can see ourselves in for the next 20 years. We’re looking to increase our sq/ft as my wife and I both work from home and have a toddler, with another on the way. We have a rear entry garage so there’s no real privacy with streets on either side of our hose and yard, something that I regret for having a safe outdoor space for our dogs and kids. One of our neighbors with a larger home and private backyard that would be perfect, has mentioned he’s looking to downsize having recently become an empty nester. He mention...

My (25f) and I (29f) are in a tight position. She needs to move out of her parents home in a few months. I don't have space in my small place for us both and will need to move soon as well (landlord selling). We started a business about a year ago and poured most of our savings into that, leaving only around 5k left. We weren't expecting our living situations to change at the time. We don't want to rent as it feels like throwing away money with nothing in return and makes it tough to save, especially in our area (MA). We also operate a mobile business and need to store our trucks wherever we live. With most of the business loans in my name I think I'll have some trouble qualifying for a mortgage in general. My gfs grandmother offered to cosign with her on a home to help us get one however with only 5k to put down and a relatively new business, I'm sure many traditional lending options are out of reach for us. Does anyone have suggestions for what we could try? ...

Have been searching for a new home for months now and am starting to feel like we'll never be able to move. We put an offer in on a house this weekend and did everything I had researched to make our offer competitive (no contingencies, waived inspection, $25K over ask, $10K appraisal gap). We lost to someone who offered $51K over ask with a $50K appraisal gap. (Asking price was $350K for context). We simply don't have enough cash to cover such a large appraisal gap but this seems to be the norm in our area. Any advice? Should we just put the search on pause while we build up a larger cash reserve? submitted by /u/OrangeBirdNerd [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13pmqmh/discouraged/

My mother and her fiancé currently live in another state and are both retired and moving to be closer to me and other family. I’m trying to help them with the process but it’s difficult at times being far away. The house they are currently in belongs to her fiancé. I’m not the most experienced with the process (I currently own my home but have never sold one.) I feel like he seems rushed and is making poor decisions along the way. They currently have a buyer (using a VA loan if that matters at all) and a few things came up during inspection. There was an issue with the foundation that could cause an issue with getting a loan approved that my mother’s fiancé is going to pay to have a contractor fix which I understand to be completely normal. However… there were other issues regarding the railing to the basement, chimney flashing, something electrical (I’m not sure what exactly, communication is all over the place), and I can’t recall if there was anything else. I was on the phone wi...

Let's say I have a state in mind to move to, no particular city/town but just few selection criteria for the home: must have water view, newer constructed/renovated home, near walking trail/park, so on and so forth. With no particular city/mind in mind, how should we go about finding homes that are not listed in conventional sites? or realtor/agent that would know what would be the neighborhood we want in the state? Thanks for your advice! submitted by /u/theRoadLessTraveled1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13ors9c/no_particular_citytown_in_mind_how_to_proceed/

University student here working on a large protect, would love any insight you may have! Curious to get perspective on real estate in geographic areas throughout the US: What are the rent trends? Growing or decreasing? What are the payment delinquency trends? How reliable are tenants? How did the spring leasing season fare relative to expectations? Are construction costs increasing or decreasing? What are the housing and apartment supply trends? Are companies still building new properties with higher interest rates? Have elevated home ownership costs impacted demand for housing? Any and all insight would be very much appreciated:) submitted by /u/SnooRobots9124 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13oplhc/geographic_perspective_on_certain_trends/

As a first time homebuyer, I’m planning to buy a home as you can tell. I’m looking at the Columbia area in SC. The house is going for 315k but has been on the market for 135 days. After seeing the photos and reading property description the house is in very good condition. Of course I’m going to check with my realtor on why it’s been on the market for this long. I don’t know what starting offer I should start with should I offer low and start climbing up? I’m new to this and advice helps. submitted by /u/BostonNewEngland [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13opk0u/is_there_something_wrong_if_a_house_has_been_on/

We’d been through the roller coaster of trying to buy a home in 2021, putting in numerous lost offers. We finally found a home in early 2022 and I’m really happy with the house. But I still have a morbid curiosity about all the ones where we put in an offer and lost. One home was grossly overbid, they wound up selling within 3 months of their closing and taking a $40k loss (wonder the story there)? Another home was immediately put on the market (same pictures and all) for $250k more than it was sold for. A few are now rentals and Air BB (which really irritates me). Another home I though was way over priced is valued at $150k more than selling price with neighborhood homes flying off the shelves (apparently I was wrong on that one). One home was furnished and I loved the furniture/decor as much as the house, and I saw the furniture all listed on Facebook Marketplace. Has anyone else ever followed up on homes the lost? Or am I just overly curious? submitted by /u/HeatherAnne1975...

I’m confused. Family member made two LLCs (with our names literally) for me and my other sibling without us knowing saying he’s leaving two properties for us if something happens. (One for me & one for the other sibling) I thought that’s what a will is for? He’s been constantly calling and texting me for paper work? Saying since my credit is good and have stable income I should be good. I don’t understand why he needs anything from me. Granted, this family member is known for doing shady things for money, so I don’t know his motives. Can anyone advise why he would want to do this? submitted by /u/SnooCookies3908 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13oogqb/family_member_made_me_an_llc_without_me_knowing/

Hello! I'm an equity research intern summer and I've been tasked with doing a project on residential real estate. Given that I don't know much about the industry, I wanted to reach out and see if anyone was willing to help me out. I don't have much to offer, but I would be willing to share any research reports I make. submitted by /u/Hov1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13oo14a/doing_a_project_on_residential_real_estate/

I’m a college student, about to get an apartment at school. Instead of renting, my mother in law (who runs the agency I’m about to work at as a licensee) really wants me to buy a duplex and rent it out. We picked out a property, went over the finances, and I think it could work. But I asked my parents for their wisdom, and they recommend that I wait until I finish school and have a “real job”. I currently work at a bank as an intern making $18/hour. What would you guys do? I understand the importance of starting at a young age, but the idea of having to finance 97% of the property which is $290,030 at the age of 21 makes me nervous. submitted by /u/EbbFormal6141 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13olau9/need_opinions/

Hello All, I'm playing with the idea of purchasing small pied-à-terre somewhere in United States (Boston?). I'm from Europe (Czech Republic). What can be the implication for taxes? Am I considered a US tax resident? Reasons for buying is to have some legal place to stay in case my kids are going to attend US university? Did anyone from NON US residents do such purchase? Care to share your experience? Thanks ahead. submitted by /u/RudikCZ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13nu9z8/european_resident_buying_condo_in_us/

I have owned my home for 6 years. The real estate agent who sold me this home lied about a lot because she was selling for her friend. Long story short, the house next door has a sign for sale on auction. This house is much larger, more fit for a family for various reasons. The opening bid suggestion is $100k. I still owe 60k on my current home. My boss said I can get a loan from the bank or my mortgage company to buy the next door home on contingency to selling my home. However I don't know if I can sell my home. I really need to make this move for my family but I'm also afraid I'll end up with a loan and a mortgage. submitted by /u/Momcantsleepthesaga [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13ntxig/buying_a_house_on_auction_on_contingency_of/

In the market for a home and put a bid in on a house. Didn't get the bid and learned that the only difference was that the other bid was a conventional mortgage and ours was FHA. What would make a conventional mortgage bid more attractive and why? submitted by /u/huntthewind1971 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13ntivq/convention_vs_fha_which_would_be_a_more/

I have an ailing house in the city. I want an ailing house in the country. I do not have cash to buy and do not want to finance. I want to sell my house, take the cash, and buy a house outright, or at least finance no more than 10k in repair expenses. I am prepared to find temporary lodging in the meantime if that's necessary. I've talked to six real estate agents and gotten all kinds of answers. Some are house flippers, some are rockstar award-winners, some are run of the mill agents. But none yet are prepared to help me reach my goal. Aside from just calling everyone in the book, is there anything else I can do to find a real estate agent who is willing to show me some properties out of town and run some numbers with me? "Rock Star" told me that no real estate agent will touch me if I don't have earnest money but I just want to tour homes. I never had to put up earnest money to get in a realtor's car when I bought this place. I get that he , an award-win...

DH and disagree on which renovation will most increase our resale value - residing the house or adding new bed(s)/bath? We are considering major upgrades over the next five years. Option #1: rewrap and replace house siding. Option #2: add 1-2 bedrooms and 1 bathroom. The cost will be roughly equivalent, the #2 being a bit cheaper. Our 1950s era 3-bed/2-bath house has 1990s vinyl siding that is faded but in otherwise good condition. The house wrap has no problems we know of except that it is original tar paper from 1950s. The house is decently-sized: 2k above ground (living) and 1k below (finished basement but not counted in total due to no egress). The additional beds/bath would be achieved by adding an egress to the basement (bedroom add 1), splitting an oversized kids bedroom (bedroom 2), and installing a basement bathroom. submitted by /u/Worth_Alternative895 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13nqy8w/siding_or_add_bedroomsbathroom/ ...

Hey all, I’ve lived in my house for about 7 years and noticed early on that my home address differs depending on where you look it up. The town I live in calls it ‘Road’ like on my deed and the street signs. But when you look up my address in USPS or pretty much anything not managed by the town, my address is listed as ‘Lane’. Has anyone seen this happen before. While ‘Road vs. Lane’ doesn’t seem like much of a difference, I’m wondering if it’s something I should look into getting fixed? submitted by /u/Slow_Ad_6471 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/13np7vl/home_address_doesnt_match/

Realtor saying our price is too low ? So we checked a house that is for 419k the neighborhood is nice and the house is in a good condition and not old and we liked it and on the website it says the estimate 370k so we decided to offer 375k the realtor says that the price is a bit low we said okay that’s fine but the we checked again and the house estimate change to 390k so we offered the same price because the house was honestly not that big 2,600 sq couple days later we get a respond saying that they don’t accept any below offers and only accept the same asking price or higher. Before we made an offer we made our agent ask if anyone made an offer and they said no and the house been on the market for 15 days which is unusual because houses like these get sold very quick. The house is not worth 419k we checked all the houses that been sold near the house and their all under 390k and even bigger and better houses then this and I don’t think 29k below asking price is “very low” we check...