I currently pay for my Dad’s rent but I’m considering buying a house/condo for him. He currently lives in a lcol northeastern state, and Im looking to buy in the same area (exact state still TBD). I live near NYC and pay a mortgage on my condo. My question is, would it be financially better to buy a home for him under his name (so he can claim primary residence) or I should buy it as an investment property (but I would be paying the mortgage…) and he lives in it? As an investment property, I believe I could deduct something too? What are other considerations I should take into account as I look into this decision? submitted by /u/_maicha [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14n4256/advice_buying_a_home_for_parent/

We are starting a family and we want to be a close knit family - I think the difference of a one story home and two story home affect the bond of your family - but also the layout. Wondering what’s your guys opinion and if you have a tight knit family growing up in either. I’m sure it really just comes down to how your relationship is with your parents but I feel like layout of the home had an affect. submitted by /u/CarefulMix6416 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14mzi4d/family_bonding_based_one_home_layout_was_your/

The seller can't afford to pay off their $8.5k loan to close They told me this less than 24 hours before closing They asked me to cover it. Suggested solution: realtors take a haircut of $2k each I contribute $4k They take $10k off the home price I'm still weighing my options with my attorney My rate is locked in til today I already paid a ton of money in survey, inspection, title, and taxes for my downpayment I'm beyond frustrated. This whole process has been terrible. Who does the due diligence on these people? How could something like this be missed? I feel so trapped - screwed either way. Mostly, I'm looking for commiseration, but also open to advice. submitted by /u/cocaine-rp [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14mvoak/seller_asked_for_money_to_pay_off_their_loan_24h/

lost my house do to a coke addiction i was wondering if there's any way to recover it? it was auctioned last thursday and i believe it's non judicial it sold for more then what the bank was owed so i guess i get some of that money hopefully can anyone tell me what steps i would take? i have the foreclosing company number i'm not sure if i call them or what to say submitted by /u/not_marco69 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14mv8l3/arizona_foreclosure_help/

If you decline an offer from opendoor, but change your mind later, can you go back? What happens if you want to get a second offer from them months (or year) later when you are more reafy to sell? submitted by /u/popsicle1001 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14mtkp9/opendoor_question/

Hello everyone. I’m in the process of buying my first home. But I’m not the one with the USDA loan. The house I want is in the works of being sold, and I’m in touch with the seller. She is very frustrated because the people buying it have made her renovate so much for them to buy the house. They are under a USDA loan. The house has a shared well, and therefore that doesn’t meet the requirements the USDA loan has about shared wells. However, the real estate agent and the buyers’ lawyers have sent it to be assessed to see if they can override the shared well issue. The seller won’t make an agreement with the neighbor (which is what they needed to make an exception for the loan to go through). My question: Is it still possible for the loan officer to make an exception for the buyers if the well is not up to standard? From what I’ve already researched, it seems like it shouldn’t pass but maybe some people get lucky. Thanks! submitted by /u/rosie-skies [link] [comments] source http

My home is worth 540k according to Zillow and my mortgage balance is about 280k. Most lenders won’t even consider me for a equity loan. What are my best options? Thanks in advance submitted by /u/whodatwouldntwannabe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14m49tv/best_way_to_tap_into_home_equity_with_poor_credit/

So basically the title and long story short. My husband and I put an offer on a house months ago. The sellers agent never got back in touch with our relator after saying they would in a few days after our first offer. Our relator reached out the the sellers and the sellers realtor said they had two higher offers which they were negotiating with, if we can come back higher they will put us back in the running. So, we come back higher and become the second best offer. They sellers picked the first best offer obviously but then asked us if we’d like to stay in the running in case the first one falls through. Now months later, the house is listed for an open house this Saturday. The sellers relator never got in touch with our realtor to let us know the first offer fell through. Our relator is frustrated and so are my husband and I. We put in a strong offer with appraisal gap and limited inspections. We were suppose to be contacted if the first one went fell through the first time. Idk wha

I'm currently trying to sell the land I have for 32k; I need the money because an unexpected turn of events has led me to being homeless. It's an 8.3 acre wooded lot. If you or anyone you know is interested, please contact my agent at 715-892-7697. Thank you. submitted by /u/Somberness [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14m22kh/i_need_help/

Hi! This is my second rental property but its entirely different from the first one since this is a duplex in north jersey and an old house. The house is made of brick and 120 y/o. The house has been sitting in the market for over a year. Its started at 750K to 629K. I negotiated it down to $615k knowing that there wont be any major repair. I had the inspection done and it shows lots of major repairs eg roof need replacement, electrical issue, some broken windows, foundation cracks needs some filling, pavement/driveway cracks. I tried to negotiate to that seller for more than a week. The seller is very cheap and wanted to only give $1,000 credits. I asked for $20,000 credits. I terminated the contract and the day after, the seller reach out and agreed to give $15,000 credits. I’m asking if that credit is going to be enough to cover most of the repairs related to the location of the house which is in north jersey? Also, I read that its advisable to do sewer scope inspection since the h

A house I’m looking at had a burst pipe that flooded the floor. It was bought by a flipper who is now trying to sell it. Should I be aware of any risks of buying a flipped house that was previously flooded? submitted by /u/rapp17 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14lxk0y/buying_flooded_house/

I have signed the contract with a listing agent for a 90 day listing. That was a week ago. I have changed my mind and don't want to sell. My agent told me that I am obligated to sell if I get an offer for the asking price or higher. He also mentioned that he would be paid either way. Does this sound remotely accurate? submitted by /u/Fizzletoe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14lwlqk/property_sale_question/

My wife and I are currently in the process of buying the house we live in from our landlord. Since it's a private deal, it needs to go through an appraisal with the mortgage insurer. We agreed on a price that I thought might be a little high but still within reason. The first insurance appraisal came back 14% under asking, which was quite a bit. The second came in approved, but we don't know the number. The thing that caught us off guard though was that the appraiser knows our landlord and does business on occasion with him and his wife, who is a mortgage broker. We figured everything would be above board because after all, it was the insurer choosing the appraiser, not our landlord. Also, why would either party risk their reputation for one deal? My wife talked to the appraiser and he was kind, courteous, and professional, and addressed her concerns directly and said that although he works with them occasionally, he would not let that affect his results. Everyone we talked t

How are so many agents allowed to knowingly misrepresent listings when you're a licensed professional? I see condos listed as SFR all the time, but the biggest thing I see over and over are homes with the basement SF included in the listed SF. When you do this and list a price per square foot, how's there no liability for what could be considered fraud? submitted by /u/gerrymandersonIII [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14l8smv/listing_accuracy_accountability/

On contract with about 1 week left until closing, and honestly I feel like this whole process I have been completely confused with no clear understanding of who is supposed to help me with stuff vs when its my job as "due diligence". I would really just like you guys to point out where I fucked up so that maybe next time (if there is) I can do better. Be brutal, I want clear information and criticism so I can learn from this. Information Individual Mid 30's Single No debt (car, credit cards, everything paid off) Credit Score 780-810 Income roughly $190,000 Down Payment saved $50,000 Property Washington State 40+ acres Barndominium List Price: High 4's Sale Price: Low 4's Selling "As Is", no maintenance Order of Events Found lender Got pre-approved and amount (7.25% with 1 point, 600k ceiling) Searched for locations Confirmed Fiber internet via FCC map Confirmed internet with company listed on FCC map Confirmed lack of water ri

In continuation to my previous post- https://www.reddit.com/r/ValueInvesting/comments/14ho7wc/real_estate_vs_mutual_funds/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1 I Have a slightly different question this time. Why would you wanna work in real estate? This could apply to anybody from the sales perspective. Maybe you’re a broker or a sales manager in a real estate firm, do independent sales or invest in real estate, maybe you flip houses for a living or maybe you’re an owner of a real estate firm. The question has many different aspects. You can answer any of them that might apply to you or you may have an expertise in. Like what made you select your career? Why would you wanna work in real estate? Or how you personally feel about selling houses or properties? Or like what value do you provide to the industry as a whole? What kinda value do you provide to your clients? What are the aspects you focus on while selling to you

Hi, I am a bit paranoid about someone finding my listing and robbing my house because they'll see the listing and know it's vacant. However if I hide my address Zillow says I'll get WAY less views. Does anyone have any feedback on this? All comments will be appreciated. Thanks! submitted by /u/alllovealways [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14l645v/to_hide_or_not_to_hide_my_address_when_listing_my/

Hi guys. Just want to ask if you have any tips on getting the best interest rate. Should I talk to multiple lenders? Negotiate? Any help with this would be much appreciated for myself and my wallet. submitted by /u/kuyanik [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14l63kf/tips_on_getting_the_lowest_interest_rate/

So my husband is running his business but hasn’t been doing so for very long. He doesn’t have any proof of payment except a business bank account statement. We applied for a house the other week. We didn’t get it but the property manager said we have a strong application and they didn’t need extra info. The house we recently applied for is asking if we can get a solicitor letter because the bank statement isn’t enough. How and why do we need a letter from a solicitor? submitted by /u/Womanwhoneedsadvice [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14l3lv7/rental_application_advice/

I have a circa 1975 bathtub/shower upstairs with a his/hers sink and toilet. Downstairs I have a 1/2 bath with a single sink/toilet. This is a townhouse. I have heard that a walk-in shower might be a better way to go for the full bathroom because it is Florida (lots of retirees). Will that help or harm the resale or will it just be a neutral? submitted by /u/DifferentWindow1436 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14l2e3m/should_i_convert_bath_to_a_walkin_shower_florida/

We relocated to Abilene, Texas and are beginning our search for a new home. We want to get an idea of what homes are actually selling for but Texas is a non-disclosure state so final closed prices aren’t publicly available. Are agents usually willing to provide sold prices on a few select properties if we haven’t actually signed a buyer agreement with them? We are leaning towards not using an agent and instead having a real estate attorney and title company. submitted by /u/HomeBeets [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14keoe3/texas_sold_price_data/

Hey all, I wanted to share my experience knowing that it will be different for everyone depending on where you live. My realtor and I were looking for houses for 6 months, my budget was in the low 4's. In California, 300-400k is a competitive price range. I was up every morning looking for listings and I had several areas in mind but after 6 months I only actually looked at 2 houses because the market has been so dry. I put an offer down but got beat out. It had already been 6 months and being in my early 30's I was losing hope in progressing my life with my own home, eventually a family, etc. I looked into new construction. We have a few developments going on where I live, one is a really popular development where my sister currently lives, great for younger people, has a dog park, parks, event center, clubhouses, etc. So I looked into it and found the builder that suited my budget allowed me to pick the lot, floor plan, and options I wanted. I ended up pulling the trigger

It seems I have heard themes in here that make me think home values will gradually climb, in general, over these next 10 years. Things like: there is a overall housing shortage, supply can’t catch up with demand, building costs are quite high, hard to find good contractors in a timely way, and so on. All this makes me think home values and prices will just keep ticking up over the next decade. Is this true? submitted by /u/liveoakenforest [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14ke5nj/so_is_the_general_consensus_home_values_will/

https://www.reddit.com/r/DMVRealtors_Lenders/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1 submitted by /u/underthesea001 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14kdtl6/for_and_people_in_real_estate_or_the_lending_side/

Planning on submitting an offer in IL and the LA hasn't sent over the property disclosure form. Below is the Disclosures section on the purchase contract (the yes/no statements in all CAPS denote what my BA selected): Disclosures. Buyer has received the following (check yes or no): (a) Illinois Residential Real Property Disclosure Report: YES/ No; (b) Heat Disclosure:  Yes/ NO; (c) Lead Paint Disclosure and Pamphlet:  Yes/ NO; and (d) Radon Disclosure and Pamphlet:  YES/ No. I didn't receive (b) or (c) but got (d) so those are all fine. I don't think (a) should be checked "yes" when this contract gets sent to LA if we're still waiting on the property disclosure. My BA insists that it should be checked yes and stated that the Disclosures section "implies if the disclosures are part of the contract, which they are." Does this sound right? submitted by /u/buenacara [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14k

We are about to close on a property. My husband doesn’t want title insurance. Property has been sold 2x in past 25 yrs, part of a larger lot that was divided into 2-3 acre parcels, wooded in northeast US. No HOA. Is title insurance truly a scam? submitted by /u/charlybell [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14kbaba/title_insurance/

Title says most of it - have you ever bought a property with sloping floors and / or very old? This would be our fourth real estate investment so not a total beginner but the sloping makes me uneasy. Engineers have done walkthroughs and inspected and said the foundation is solid and the sloping could be due to a door frame that wasn’t installed right and a retaining wall type of structure that had decayed and has since been fixed. Would love any advice! submitted by /u/Beautiful_Concern193 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14kc7an/buying_110_year_old_building_with_sloping_floors/

So I’m looking to sell my home to move to a bigger home mainly because of the school district for my daughter this will be my forever home at least for the next 18 years as of now I have a 2.5% interest rate and I’m looking to buy points to qualify for the mortgage looking like I’ll have to buy at least four points I know that’s a lot of money wasted but the area and the schools elementary middle and high school are great schools and I’m mainly concerned about my kids growing up with the same friends and having a good education some people are telling me that I’m buying too many points but I feel that as if I am planning on living here for at least 20 years it’s a good idea I’m curious to hear your guys opinions. Hopefully rates come down lower planning on refinancing later. Also I’m getting the mortgage solo my wife is working also but we don’t want to carry the debt on both of our reports so she can get a rental in the future Home price $450k Point $22,500 3.5% down I have 40k to s

I am in the process of closing on a condo but decided to switch lenders halfway through the process (yes I realize this was dumb) due to getting a MUCH better estimate. Like $13k in my pocket better. So my realtor and I asked the seller for a 21 day extension in order to close the new loan. They denied. We countered by offering to waive the $3800 in seller credit. They denied again and appear unwilling to budge. Here's the rub, the condo is in pre-foreclosure and seller likely needs the $$ ASAP, which is why they're unwilling to budge on the closing date. I really want this place but I'm willing to play hardball if need be. The way I see it, if I walk the seller will have to start from square one and end up waiting a lot longer than 21 days, which puts them in a much tougher spot. The other issue is if the seller does agree to the extension, now I have to hope that the lender can close on time, which isn't a guarantee considering it's BoA. My question is, would

We very recently purchased a home in FL, we discovered that under the kitchen sink there was a leak and so they placed a faux thin bottom panel to look like the actual bottom of the cabinet, they glued it over top of the ruined water damage cabinet bottom. We pulled up the faux panel that looked as if it had recently been partially lifted to discover mold and what looks like a hole they punched in the large middle dip of the cabinet to possibly drain the water. Fast forward two weeks and our main bath just smells musty, full of cockroaches and earwigs and there's yellow showing through the freshly painted ceiling and mold growing in those spots as well. They painted the ceiling very recently as they left the painters tape on parts of the wall. It turns out the seller took out the old vanity to replace it and the shut off valve did not work so she had a "little flooding" in the bathroom. We are in talks with the broker and have paid a mold tester to come out to test the

Is it possible to find an area in the US that meets all of the following criteria: 1) good schools 2) proximity to good pediatric medical care 3) not too rural (suburban is fine but don’t want a 30-45 min drive for my kid’s OT appt each week) With this housing criteria: Single Family, $250k max, 3 bedroom, garage preferred. Anywhere? 😬 submitted by /u/Anonymousreddit8854 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14jhkvh/where_in_the_us_does_this_exist/

Why don’t buyers offer to pay the commission and have price lower thus saving some transfer tax,commission and you get write off? submitted by /u/billlybufflehead [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14jgbrb/why_buy_a_home_5_to_10_over_asking/

In continuation to my previous post- https://www.reddit.com/r/ValueInvesting/comments/14ho7wc/real_estate_vs_mutual_funds/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1 I Have a slightly different question this time. Why would you wanna work in real estate? This could apply to anybody from the sales perspective. Maybe you’re a broker or a sales manager in a real estate firm, do independent sales or invest in real estate, maybe you flip houses for a living or maybe you’re an owner of a real estate firm. The question has many different aspects. You can answer any of them that might apply to you or you may have an expertise in. Like what made you select your career? Or how you personally feel about selling houses or properties? Or like what value do you provide to the industry as a whole? What kinda value do you provide to your clients? What are the aspects you focus on while selling to your clients(I would prefer if there were mor

Are you searching for a top-notch real estate agent in Mississauga who can navigate you through the competitive market and help you achieve your property goals? Look no further! Introducing MR Tariq Janjua , your trusted guide and the top agent in Mississauga. With Tariq Janjua's extensive knowledge, professionalism, and commitment to client satisfaction, you can rest assured that your real estate journey will be smooth and successful. Whether you are buying, selling, or investing in property, Tariq Janjua has the expertise and resources to exceed your expectations. As the top agent in Mississauga, Tariq Janjua possesses an in-depth understanding of the local market trends, neighborhoods, and property values. Armed with this knowledge, Tariq Janjua can provide valuable insights and help you make informed decisions that align with your unique requirements. When working with Tariq Janjua, you can expect: Personalized Attention: Tariq Janjua takes the time to understand your

If i buy a $500k house with $400k down. My mortgage would be $100k and low which is my goal. I would then pull equity or get heloc and invest in another property. Or Should i pay outright $500k for a house. Then get a heloc to invest in another property (Money isnt an issue if i need it for emergency or any repairs etc, just looking to build history with bank and credit and start imvesting in more properties) submitted by /u/tardagraded [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14j9itn/heloc_or_pull_equity_from_home/

I am in the end stages of buying a trailer park in FL. The only hang up is there is a structure on the property that is owned by the park so the bank is requiring me to get wind and flood coverage on it. It is just a portable shed that I would value at 5-7k. I have already got my liability and flood coverage squared away, but I was unaware of how much of a time consuming process it is to wind coverage in the state of FL. I am almost on week 4 of waiting for this coverage. I recently had to ask the seller for a 2 week extension of our contract. Our extension expires at the end of next week and the seller sounds adamant that he NEEDS to close by then. I don’t know what to do, I feel like it is out of my hands at this point. My question is have you guys ever been able to get the bank to let you close on something without having the proper insurance in place? I am extremely frustrated because the value of this building is less than 1% of the loan amount. Is there any products or companies

Hey guys. My wife and I are first time home buyers. We are under contract with a house we love at a fair price. The issue is we aren’t able to get it insured because it has Poly B pipes. Once replaced, no issue. So because of this, the sellers gave us a 12k credit at closing for us to remove the pipes for pex. The plumbing company that they provided (who worked on the house previously) quoted 11k for the job. This doesn’t include drywall of course. The plumber couldn’t guarantee they can remove all the Poly B from the home, but they do promise that if it remained, there will be no water running through them. So my concern is, if we close now - we are closing on a home that is uninsurable. Who knows what could go on during the repairs? I think offering us 12k is fair, and even if this job costs 24k in total (including dry wall and maybe some tiling) I’m content splitting it with them. But I just feel the repair should be done on their watch before closing. Am I making too much of th

Hey All, Will try to be short here. Home built in 1940. Crawlspace converted to unfinished basement in 70's or 80's (according to structural engineer). Beams went up in 1997. Walls show cracks and history of water intrusion as bolts that secure beams to floor are completely rusted or disintegrated on several beams. Currently, no signs of water intrusion despite 4 days of torrential downpour. PE says no signs that the braced wall has moved in 26 years. No stress evident on floor joists connected to beams. No stress in cement compound between walls and beams. Recommends gussets and SS bolts at bottom of beams to reinforce rusted elements. Main floor of home shows no signs of cracking, shifting, door issues. Despite no movement in 26 years, still feeling concerned about the structural integrity of that wall. Both worried that it will fail and/or that when we decide to sell in the far off future, it will scare away buyers. Home in a very desirable area, would be a perfect locat

Thanks. We live in a apartment complex that has really strict and clear rules. Our lease can end on June, July, or August of 2024, depending on what we sign up for today. We have the funds, but are not ready to buy a house until next summer. When should we have our lease send to optimize for house purchasing? Our choices are choice June 2024, July 2024, or August 2024. The location is the Boston subrubs. Thanks for reading my post and for any input. submitted by /u/OkTemperature7574 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14ikim0/deciding_on_lease_right_now_and_planning_on/

Client purchased property w/musty smelling basement. Client assumes sump pump needs servicing. After settlement the properties basement consistently floods w/and without rain. Client is told by a structural engineer the house is sitting on multiple water springs and that the foundation needs to be replaced to stop the constant flooding. Client invests 180k in said repairs and just recently learned the sellers had knowledge of the springs and did not disclose. Any recourse for the buyer? This is in Va. I’m inclined to tell the buyer to let it go. The seller from what I can tell has no assets . Thanks! submitted by /u/Different-Art9187 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14iiylz/non_disclosure_of_water_springs/

To anyone that has their own investment property and is familiar with crowdfunding platforms like Fundrise, what are the differences in returns between having your own property vs putting your money in fundrise? What are the pros and cons of each? In your opinion, which one is better? I know REITs on the stock market perform differently compared to having your own property but I'm not sure about these crowdfunding platforms. submitted by /u/UnableFix4224 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14ifra2/own_property_vs_crowdfunding_re/

submitted by /u/Important_Asparagus6 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14hs21a/buying_a_home_from_family_trust_for_6_grand_would/

We listed our home in a well-known town in SE FL exactly 15 days ago. We’ve had 3 open houses & multiple showings but no offers. It’s priced right. It shows well. We’ve never sold a home before so are curious how long might it take. It’s really stressful having to keep it clean, gather up two teens & 2 older dogs for these showings & having a medical condition myself, it’s exhausting & giving me anxiety attacks. It is staged beautifully. Are we doing something wrong? Should we leave the dog bowl out or keep the drainboard next to the sink? It seems like everything else nearby has a “pending” on it within 2 weeks. submitted by /u/KetoPeg [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14hrzra/average_time_it_takes_for_offers/

Has anyone on here ever sold a house shortly after buying it (a year or less)? If so, was it truly a bad decision that you regret or was it a relief? I bought a house several months ago that, the longer we live here, the more I feel it’s just not the right place for me and my family. Just wondering if anyone decided to sell very soon after purchase and what the outcome was. submitted by /u/Ok_Strawberry_6991 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14hpsyo/selling_house_at_less_than_a_year/

So I have a college assignment given personally by a professor. His question is simple: If you have a million dollars and 10 years to invest. Why should you go for real estate rather than going for mutual funds? If mutual funds give you an average of 12% interest YOY and that comes down to 3,105,848 after 10 years which is definitely higher that what an average real estate market gives you. WHY WOULD YOU WANNA INVEST IN REAL ESTATE? So far my answer has consisted of the following points -tangible investment -tax benefits -Higher cash flow(loans and stuff) -Stable market -Diversification of portfolio -protection against recessions -Inflation benefits -Rental income aside from the appreciation on the asset I’ve explained all of these points in a bit more detail but he’s still not convinced. He needs more concrete reasons as to why it’s a better investment. His remarks are: these are great points for a beginner. HE NEEDS MORE IN-DEPTH answer and he says the answer is more logical an

How are folks buying homes while they currently have a house with mortgage? Offer contingent upon sale? I’m assuming this type of offer isn’t competitive with other offers… Looking to get some advice on my scenario — Current home equity around $400k, will list and sell. Purchase new home with $250k-$300k down (from the $400k proceeds) $50k-75k remodel on new house prior to moving in. The timing to accomplish all this seems very tight unless I simply move in while the remodel is happening. Lease back would have to be 1-2 months, so that might turn off some buyers. Is there anything I’m missing? There may be an opportunity to leverage family to help bridge the timing gap. If so, what would that look like? Assuming it can’t be an all cash deal. Thanks! submitted by /u/seven0seven [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14hlz0b/buying_house_before_selling_current_home/

He bought his home for around 189k. The market is obviously wild at the moment, especially in my area (LCOL). He listed it for 289, had an offer at 300k and it appraised for around 260k. The appraiser told him something along the lines of they were told to “stop appraising houses so high”. Is this common? I found it very odd as we didn’t speak with our appraiser really when we purchased our home. submitted by /u/Kidcody44 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14gxsgk/my_friend_had_an_offer_on_his_home_of_almost_300k/

There's a big difference between buying a house as an engaged couple vs a married couple, right? How does it work if you're engaged; is it basically just one person (the top earner) doing everything? How do I contribute to the down payment? We're engaged plan was to get married in late October and buy a house in September. We have very different incomes because one of us is in grad school (in computer science) at the moment. submitted by /u/OkTemperature7574 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14gwt9m/buying_a_house_when_engaged_vs_when_married/

Do you all have any tips for when it comes to building a house? I have a list of a few things I’d like to change about the floor plan I’d go with since the company offers a handful of different options. I’d be buying one of the last few remaining lots if all goes well. submitted by /u/timeistemporary [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14gx4ii/going_to_meet_with_my_realtor_today_at_a_new/

Does anyone have any suggestions for how to make an anonymous offer for a house that is not for sale? submitted by /u/always-angry1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14gwzd0/offer_for_house_not_on_the_market/

Long post, but all info is pertinent.. We just moved into our new home in TX this week after closing early May. Part of the sale was that the owner could stay there until her new home was built (mid-June). Well her home isn’t finished now until end of June. The house is on a large property, so we allowed her to store the Pods on the property for two weeks no charge. The previous owner (let’s call her Tami) is a nice older woman whose husband “suddenly died” back in 11/2021. We have had a nice smooth escrow and everyone has been reasonable. However, as I was removing the air vents because they were old and discolored, I noticed that there was mold! The main issue was the area right above the master bed (where your head would be), master bath and one of the large vents in the living room. A day or so ago the movers were over, and Tami came over to pick up a few things she had left. I mentioned to her that I found mold in the vents and asked if she had been sick a lot. She seemed surpr

About five years ago, I purchased a rental. When I acquired the property, it was in reasonably good shape. However, I did a small renovation before renting it out to ensure it was in top condition. Fast forward to the present, I've had only one tenant for the past four years (two, considering his cat), and he's been fantastic. Always paid on time, quiet, no bad habits, and respectful of the space. Remembering all those horror landlords' stories, I'm genuinely sorry to see him go, and I'm afraid I won't get that lucky with the next one. Now, with my tenant moving out in a week, I'm faced with deciding whether to do some remodeling before letting someone else in. The apartment's appearance is practically the same as when my tenant moved in. The only noticeable issue is the damage to the internal door frames caused by his cat's scratching. Fortunately, it's not the biggest problem, and I already bought replacements from Skirting World , and the p

I have a family member who owns their house but is looking to downsize, ideally in the same neighborhood/town. My suggestion was for them to pull equity out of the house using a HELOC and then use that money to buy the new home (presumably at/below the value of their current home), giving them the time and funds needed to find the right house. One eager realtor suggested that the family member put in a reverse contingency that the buyer would not be able to take possession of the home until the seller finds suitable housing. I didn't ask if there is a time limit there, but I feel there likely would be. Suggestions? submitted by /u/GrabsJoker [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14gu171/family_member_owns_their_house_outright_is/

We have 450K in savings for a house with stable incomes likely to increase by 50-100% in ten years. (We’re in late 20s-early 30s) We haven’t looked for a real estate agent yet, just skimming Zillow sometimes for estimates. The homes we’re interested range from 400-450K in our area. It will be our first home submitted by /u/Il8sai3h9e2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14grpxt/how_to_negotiate_buying_a_house_if_cash_upfront/

My desire is to buy some land, then build a house. However, I'm struggling to estimate the cost of building a new construction to see if I can do what I want with the budget I have. A few points: - not planning on a development/ developer home. - probably in the country on a few acres (well / septic likely) - plan is for mid century ranch, approx 2000 sqft What's the best way to get cost estimates? Find a builder (and how)? Find a similar design and pay someone to do a cost estimate? I have an agent that is helping me look for land, my plan was to buy land first, then build a few years later, but im starting to realize that might not be the best plan. Having an idea about the house will inform the land purchase. Thanks for any advice. submitted by /u/bgraham111 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14g3d17/question_about_new_construction_cost_estimates/

I am planning on buying a home in 2.5 years with a 20-25% down payment. I will live there a few years and then have to move. I save about $27k a year currently, my question is if I don’t want to purchase other properties would it make sense to put down large sums of money every few years to lower monthly payment or loan term? All suggestions welcome! submitted by /u/beckboys [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14g2e45/second_down_payment/

I put my house for sale and got this offer for 500k with no inspection but wanted to give notice to 1st floor before closing with conversional loan . Great I accepted Buyer put 25k as deposit everything great My tenant from 1st floor left . Also my tenant From 3rd floor left to . Everything great he did the final walkthrough everything good the day before closing my realtor called me saying the bank don’t wanna give the buyer the loan because he need to pay 77k on IRS . Now we can’t close . Do I have the right to keep the 25k that he put as deposit or no submitted by /u/doze233 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14fr0wt/buyer_didnt_get_approved_20_hours_before_closing/

I have a 3 season sunroom that does not have heating or cooling (AC). Additionally I have a lower level that has heating but no cooling. I also have oil heat so not looking to expand the current hvac system. The mini-split system is an option however the cost of purchase and installation is expensive. Does adding a mini-split add decent value to a home? Would it be wise to purchase a mini-split system if I am planning to sell in a couple years? Thanks submitted by /u/DoubleR01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14g047b/does_a_minisplit_system_add_value_to_a_home/

Hello, I had a quick question that I can not seem to find online. I am currently taking the pre licensing course in the state of California. The required hours are 135 hours if I finish the course before the 135 hours will I still qualify to take the exam? Assuming I pass all the modules exams? I am going through the course quickly as I am trying to obtain it as soon as possible. submitted by /u/Yescee0316 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14fwxpy/pre_licensing_course/

Need advice: I’m in the process of trying to buy a home. I obtained good faith estimates from a few mortgage lenders. Do competing companies know when you select a lender? Or is it customary to notify the other companies that you’ve made your selection & moving forward with another business? How would one competing company know which business I selected without me disclosing? submitted by /u/Toomers_Magnolia [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14f8ldg/mortgage/

I’m looking to move, and very flexible on location, but absolute top priority is the school system. I’m not finding a way to search within X state for homes within a certain price range that are also near highly rated schools. Anyone know of such a resource? submitted by /u/CassCat [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14f5r30/website_for_finding_homes_near_top_quality_schools/

I'm interested in getting into real estate as early as I can, I only have enough saved for an emergency fund, are 0 down or low down loans if interest rates are consistent with what we're seeing (7%) then is it a bad idea for me to get in now? Am I jumping the gun? If I find a good deal then is there any reason that I should wait? Make 45-55k currently, pay stubs, work history for two years, 17k available credit from CC, 720 score. I know everyone has different opinions on waiting to buy but is there any reason to wait if I don't intend this to be a primary residence and can refinance with lower interest rates in the future if needed (obviously I wouldn't sign for a loan if the numbers didn't make sense) submitted by /u/Zihmify [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14f4xyg/20_yo_0_down_any_reasons_to_wait/

Not just houses that are currently being built in up coming developments or neighborhoods. I mean finding a piece of land (nothing huge), approaching a builder and building a house. Husband and I are looking to build a forever home within the next few years. We currently own a home, but the with the interest rate to housing prices ratio right now, we’re not jumping at the chance this second. In the meantime, I figured it would be a good idea to ask how people are doing this. Do you have to buy the land first then also build a house? (Two loans? Cash for land and loan for house? How does this work?) Is there a scenario where you find land and a builder and go, “THIS is what we want, where we want!” and then get both the land and the house in one loan? I’m in a FB group for veterans and I see posts about building homes constantly. Sadly nobody ever answers questions as to how this was done process wise when asked for the process. 100% disabled veteran status if that’s needed for

submitted by /u/Intelligent-Site6353 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14f23mb/raymond_ten_x_era_viviana_mall_thane_always_fresh/

I’m in the process of switching agents. If I get an offer, how do the agents determine if the previous agent is owed commission? submitted by /u/AggravatingCurve9220 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14e7nnu/switching_agents_commission/

I am curating stories about interesting real estate projects. Not only about housing, but also about home steading, community initiatives , land related or anything that people are passionate about . If you want more details, feel free to connect and I happy explain this project. submitted by /u/Mesmoiron [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14e64xl/looking_for_real_engaging_stories_about_self/

Ok I’m on disability for a chronic disease and I don’t make much money. I have section 8 which helps pay my rent but I want more out of life. I read that there’s a program that allows people with Section 8 buy a house; The Housing Choice Voucher. This program is just like the renter version where they pay a portion of your mortgage for up to 30 years. It really is a great program. Well I’m in L.A. and was told by HUD that the program is closed due to insufficient funds, but I also was told by a realtor that the program is active. This realtor was supposed to email the info but she always “forgets” to do so. I know Naca accepts Section 8 but when I signed up with them and paid the dues, it still was a waste of time. I only spoke to the counselor twice; the initial interview and when I told her that I spoke to Section 8 and they informed me that Naca themselves needed to contact section 8 to get the ball rolling. Of course the counselor did not do that. So I figured I’d reach out to

I’ve been looking for homes and often when I suggest one to tour my agent says it’s under contract or in attorney review. However I don’t see that information not only on the popular listing sites like Zillow but on multiple listing service sites for the state like njmls and other sites that get their info from garden state mls. Is this normal? Could there be any reason for this difference? Seems shitty that there’s a difference in info like this. Is there any where I can get this same info? submitted by /u/Dankedest444 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14e49ne/how_come_my_agent_sees_more_listing_info_than/

TYPE OF DEAL: CASH Residential Open to JV: NO Woodstock, GA 30188 SFH 3 beds 2 bath 2212 SqFt Year 1973 Rehab: $110,000 Comps: 1) https://redf.in/7sAM5F ($410,000) ARV: $375,000 Asking Price: $205,000 EMD: $2500 Inspection Period: 3 Day Access: Upon request CLOSING DATE: 6/30 End buyers if interested reach out for more details. submitted by /u/Fluid_Comparison9943 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/14e39f6/cash_buyer_woodstock_ga_30188/

When I was looking last year, I was using a job offer letter (from state gov) to qualify, which the lender didn't seem to mind. Now, though, I have been in that job 10 months and will be due for scheduled raise in September that bumps my salary $4,000. I've also applied for a promotion that, if I'm chosen, will bump me up $11,000. The outcome of the promotion should be decided by end of July. I also have a 2nd job I work on weekends that brings me about $14k/yr which I've worked for 7 months now. I am hoping to use this income towards my loan. I am ideally trying to move sooner rather than later because I have a 2hr round trip commute at the moment that is really wearing on me. My question is: which type of loan will allow me to use income from both jobs, despite having been at neither for a year? I obviously have proof of consistent deposits from both. Is it better to wait til my scheduled raise in September? Or (fingers crossed) til I get accepted for the promotion