So Im in New England, a short walk to a bay, and debating flood insurance. It’s not required for my property as I’m not in a flood zone according to current maps. The zone starts a few houses away though. The elevation of my house and street is a bit higher. The quote was $550 annually. I have tons of expenses right now and don’t want to spend the money if I’m throwing it away, but also feel a small risk. Hurricanes caused flooding in the lower elevations of the neighborhood about 50 years ago. My property didn’t flood then. And a 100year flood happened 90 years ago. I don’t know if the property flooded then or not. Would you get flood insurance in this scenario? The AE zone starts a few houses away from me: “AE flood zones are areas that present a 1% annual chance of flooding(opens in new window) and a 26% chance over the life of a 30-year mortgage, according to FEMA. “ submitted by /u/Jaded_Future967 [link] [comments] source https://www.reddit.com/r/RealEstate/commen...

young couple in their early 20s, making 50k a year combined this was in 2022 option 1 buy a very old house for 185k, poorly isolated, in a small town (population 5000) with cold winters loan from bank over 20 years with a fixed interest rate between 1-2% per year (cant remember exactly) house will end up costing around 250k, all charges included option 2 rent an apartment for 850 a month, heating not included Not sure about the cost of heating but I think it's around 2k a year for the apartment and 4k a year for the house. is there a clear answer from these infos? submitted by /u/Alkhador [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15ed3e8/buy_or_rent/

Our HOA and the property management company have been severely dropping the ball. 32 unit building with a cap of 6 units and those units have been taking up the cap slot for years. Myself and another unit tried to get on the rental list in 2020-2021, but the property management company keeps horrible records and seems to have just totally forgot about us. Then when a unit became available in 2022, they didn't inform either of us and someone else somehow leapfrogged us on the rental list and took the slot. What's also interesting is that as I've been researching this and looking at tax records, I see that two other units who have been taking up rental slots both coincidentally transferred ownership of their properties to LLCs that they currently own. For example (using fake names)... John Smith in late 2022 transferred ownership of his condo to JS Inc, a "real estate investment" company he lists himself as the owner of on linkedin, which shows in tax records a...

I am considering buying a strata townhome which is about 35 years old. It's a 51 units complex and has a CRF of about $275,000 i.e $5392 per unit I suppose. Is that a healthy CRF per unit given the age of the building? Also, In the last month's strata minutes, I am reading: ​ Window Seals: A few owners have reported failed sealed units. There are no funds in the budget to replace windows as they show signs of failure. The Strata will have to consider a window replacement project in the future which would be a levy of the owners. Council would like to give notice to owners of the plan to vote on this project in the near future. ​ Should I be concerned about " There are no funds in the budget to replace windows as they show signs of failure." Will this cost/levy be attributed to owners of the units with leaky windows or everyone? - I am guessing everyone? Is there a way for this cost to be passed on to the seller in advance so that we will not have to bear th...

Can somebody help me understand whether the realtor did wrong? In 1999, my Dad went behind my mothers back to sell our house in Southern California and convinced his mother to co-sign on another more expensive one nearby. I think he forged a lot of stuff. My mom felt super betrayed and forced to move, and us kids (9th, 6th, 5th grade) were so devastated. When the realtor came through, we tried to send hate vibes at her and even shot nerf guns trying to get her to leave. I still remember her name since we were all so angry. We had actually liked her up to that point because she always gave pumpkins to all the houses in our neighborhood in the Fall every year. But then she came in to sell the house and was totally in my Dad’s pocket doing his dirty work. Honestly, my parents’ marriage was never the same and the subsequent years were really hard. My mom never trusted my dad again because that and other subsequent shady dealings. My aunts and uncles on my dad’s side basically cut us off ...

Hello I am 22 y/o and looking into investing into run down rental properties in a nearby town and wanting to know how I would approach this. I also just started working a 9-5 after graduating but wanted to try and look into more sources of income and building it from there. With the help of my family they would be able help me get started with my first property and buying it looking around the 40-60k range and then remodeling and renting out to tenants. I am still living with parents as well. Would this be considered the brrrr strategy? Not sure since what would be the best option since the brrrr method is typically when taking out a loan from the bank/credit union, remodeling, renting out and then repeating. Would I be able to still take that route for buying my first rental home? submitted by /u/ResearcherNo4208 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15e7xxs/looking_to_invest_into_rental_properties_best_way/

Bought my house last year for 415k, it was in decent shape but needed a lot of work as it hasn't been updated in ages. Put 230k into the home from my investment portfolio, planning on it being our forever home. New steel roof, master bath gut and remodel, new kitchen, updated hvac from it's underpowered state, new engineered wood deck, new water system & water heater, whole house gen, and solar. Well you know what they say, you plan and good laughs. Now we need to move for my job. Realtors I've talked to say they would only price the house at about 560-580 based on the market comps. No other houses within 5 miles have the amount of updates i have put in though. The only thing close would be some brand new builds nearby, which are 780+. But the realtors all told me that the appraisal won't take into account even half of the money i put in. Am i SOL? Checked with work to see if they would compensate me/buy my house, because i have to move for work... They won't...

We are selling and buying… my plan is to have movers help us with the last of the stuff in the house, the remaining boxes and furniture ( we have used storage pods for the rest)… my question are , would you use a truck to fill the last stuff or continue with the pods? I want the stuff from the final packing in the new house as soon as possible. I am a crazy type A and want to start unpacking and organizing asap. But I also want to paint one room. I also want the rugs cleaned. And I know to get the rugs cleaned before a move in, is crazy, movers and everyone will be walking around on my newly cleaned carpets … I am losing sleep over this ( I know first world problems, not that serious… but … ) In my perfect world, I would I dream of Jeannie, nod my head and it would all happen at once… also I am a teacher, and I go back to school 2 weeks after my closing and my kids start a new school … so I want to get as much done as possible. submitted by /u/MiserableBenefit2035 [link] [...

I’m currently in the middle of trying to purchase a split level home that’s been sitting on the market for 100+ days, that just undergone a $100k price reduction. I hate the split level floor plan. However, I love the home because of the location and size it has to offer. My question is would it be possible to undo a split level home so it’s a normal home, that has a first floor and second floor? And how costly would this be? I hope I’ll be able to hear feedback from people who have experienced something like this and what your take would be. Thanks so much. submitted by /u/throwitupforme [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15dhlsw/how_costly_is_it_to_undo_a_split_level_home_and/

Sorry if this has been brought up before, but how much should I expect a home’s value to increase with paid off solar panels and a pool + spa? I’m looking in Las Vegas btw, Summerlin to be exact. submitted by /u/TrickSingle2086 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15dh9ip/solar_and_pool/

Had rental lease ending on fixed date, could not go month to month. Bought house under some time pressure - is ok but settled somewhat. Now of course within 3 months of moving, dream house is for sale - our ideal location, home size, features, and a good asking price. Is it crazy to try to go for it and move again so fast? We have the option to rent out the current place, rent will probably pay most but not all of the current mortgage. Moving so fast sounds unpleasant and I would feel very silly about the whole thing for a long time. Thoughts? submitted by /u/Low_Calligrapher7885 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15dgxvw/buyers_remorse_now_dream_house_on_market/

I am having to down more than 20% of home value for a new build to qualify for loan. I have good savings to be able to pay around 40% of the market value. I was thinking to use additional money to buy a rental property, however I started to think if it would be a good idea to down 40% and take whatever I can from the HELOC right after I close the house and use it for rental. Any Thoughts are much appreciated. submitted by /u/OrganizationDry1491 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15dfyil/heloc_right_after_closing/

I live in North Cyprus there’s this beach villa house that looks like a 1 million house in the USA but the buyer want to sell it 2 million because is fully equipped Where do I go to find buyer!? That will accept it as it is submitted by /u/Illustrious-Foot7524 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15dfxho/2_million_beach_villa_how_do_i_proceed_to_find/

My fiance and I are looking at a house that had rubber roofing installed in 1989. There are some soft spots on the roof that was found during an inspection. Anyone with knowledge of roofing or specifically rubber roofing that could maybe tell us what we'd be getting into and any suggestions on how to maintain and/or replace would be greatly appreciated! Should we consider metal roofing or shingles instead? Or just repair the rubber roofing? Also, there's no contract/offer in place, we are simply looking at this house as an option and are concerned with this potential roofing issue. submitted by /u/BallScraggs [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15df5re/buying_a_house_with_rubber_roof/

We bought a nice house in an area that we don’t necessarily love but that’s near my wife’s family and down the street from her sister and niece. Bought at 390k but this house would be 600k easy in the area we love 25 minutes away. Earnest money deposit was 4 grand and I know now at this point if we decide to back out (my wife is now adamant she doesn’t want to live there) we will lose that 4k unless by some miracle the appraisal comes in really low and the deal dies because of poor LTV. Just pissed and venting that my wife is putting me in this impossible position. We have two small boys and are planning to have more. I thought we were on the same page that we would live close to “help”/family while our children were little so they could be close to grandparents and cousins and if we wanted to move later we would but…. Here we are, half in-half out submitted by /u/I_Am_Not_That_Man [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15cu1ae/ugh_naturally...

Havent gotten my assignment to my next station yet. Will within the next few weeks. What can i do to prepare before hand? At minimum I could have 30 days to report. I have plenty of money saved to cover two houses till the old one gets sold. I was told by someone i can list the house and keep it undsr contract so its up but not up for being sold just yet. Have talked to no one atm. Will be talking to a realtor shortly about options. submitted by /u/donttouchmyhohos [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15ct00y/selling_first_home_military/

Good day. I’m looking for some advice and insight. I’m a first time owner of a home that is paid off in Central New Jersey: split-level 4 bdrm and 2 baths. Kitchen, dinning room, living room, 1 full bath and 3 bdrms all upstairs. Family room, 1 large bdrm, 1 full bath, utility room, laundry room and attached garage downstairs. This is a property that I inherited and once the property was legally transferred into my name I decided to redo the kitchen and 2 baths. At first I was going to flip it (redo the kitchen, 2 baths, paint job, change outdated lights and closet doors) to sell at a premium especially since homes in New Jersey have been selling way over asking due to market demand and low inventory. This past Spring prior to starting my renovation project, I spoke with a realtor who sold a house in my neighborhood that had been abandoned for years (I’m assuming the owners passed) and was flipped by investors and sold for around $450k. This was in Summer 2022. I told the realtor abo...

As the title suggests, I moved to Iowa from Texas, and because the city in Iowa has a terrible pet policy for renting, (no pets allowed), I pretty much had to get a house, (195k) at 6.625%, 30 year VA loan with no money down. I plan to transfer internally to a different location, and the company will actually help to sell the house, or outright buy it if it doesn't sell after a certain amount of time. So my question is, should I continue making extra monthly payments, (currently pay 250 extra), or not bother if I plan to move? I know it's always good to pay extra but I'm not sure given my the timeline involved. submitted by /u/pawnthesword [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15cragl/moving_after_two_years/

Hello, My wife and I purchased our one story ranch for 350k in 2020 and locked in a sub 3% rate. We currently owe 295k. We're looking to have children in the next year or two and both of us believe we will need an addition to be more comfortable. We love our property and we don't see it feasible to sell this and get a new home at over double our current rate, so we're figuring adding a second floor addition to be our best bet. I've spoken with a couple of contractors and they're roughly ball parking 100-150k to get the addition done turnkey. I'm looking for advice on the best approach to finance such a project, but my Google searching has my head spinning. Has anyone tackled this before that can share their experience and what they learned? Thanks in advance! submitted by /u/Vaull_The_Merchant [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15cm4v7/best_approach_to_finance_an_addition/

Please let me know if this is the wrong place to post. ​ Tldr: Should I sue the seller for an improperly installed bathtub. Shower leaks causing drywall dmg + mold. We bought a flipped house 2 months ago and quickly found some issues with the master bedroom shower. After numerous attempts at trying to fix it (rotten baseboard, mold, dry wall repair, recaulking the tub) we found out that the real issue is a leaky shower head pipe. The only way to reach this pipe and fix it would be to pull the tile. We live in a hcol area so i'm expecting the plumber to cost between 500-1000$ I'm working on getting a plumber out to the house for a quote, but is it worthwhile to sue the seller? From looking at old photos, the bathroom did not exist before the seller flipped the house. submitted by /u/thefoodconsultant [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15ckmlj/can_i_sue_the_seller_leaking_shower_pipe/

First time buying a house. I'm buying a 1.6 mil home and putting 30% down (about 480k). That got me a rate locked of 5.75% with no points. I could buy up to 2.5 points at a cost of around 28k which would get my rate down to 5.125%, but I ran it through a calculator and it said my break even wouldn't be for 64 months (5.4 years). Actually, it might be more like 7 years if you consider I could invest the 28k and earn a % on it. Would I be better off just waiting to see if rates drop prior and refinancing? I also plan on selling our condo (maybe around 800k) in a couple months and debating if I should just put a massive chunk of that towards the mortgage principal to lower my long-term interest hit/shorten the mortgage or if I should just invest it. I get the prevailing logic is that if rates are super high, you're better off just paying off the mortgage quickly... if rates are low, you're better off just investing the money... but this 5.75 range I'm in seems to b...

Just bought a new lennar home in Socal - Irvine. We have the option to purchase solar panels for $14K or lease the panels for $100 a month. If you have been in the same situation as us, I have some questions - 1) were you able to claim the federal tax credit? some research online tells me that we are not eligible since the panels are not installed by us but by the builder, so we cannot claim it? 2) do you think we would have issues selling the house later if we just leased the panels? 14K now is 14K less towards out down payment. 3) how much electricity did you actually save with the panels? submitted by /u/princessagnee [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15bqrm9/new_lennar_home_purchase_solar/

I spent the last few weeks going to open houses hoping to find an agent to sell my home. We met some good folks and found a perfect agent for us. One other agent did stand out. He was dressed in a sloppy tee shirt, shorts and flip flops. Hair a mess..... You only have 1 chance to make a first impression so make it count. You don't have to be overly dressed, but at least business casual. submitted by /u/Inthecards21 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15b02iy/rea_advice/

Hey all, I’m divorced and I’m buying my ex-wife’s equity from the house. We also have a mortgage on it. I’m good on the mortgage front on next steps, but regarding the deed, what do I do? Just get a quit claim deed from her? Anything else? I’m in West Virginia for reference. submitted by /u/hdrobin89 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15azgyn/house_deed_from_exspouse/

submitted by /u/TroyAndAbed2022 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15ayl91/if_i_get_a_real_estate_license_would_i_be_able_to/

Hello all, First time ever selling a home and I’m a little lost. I’ve been in real estate since 2014 but mainly I’ve been a landlord. But d/t circumstances I’m having to sell a property. This property was purchased in June of 2016, as my primary residence. Which I lived in until July of 2018. Since then I’ve moved around for reasons and this property has been rented. I once again occupied this property as my primary residence from February of 2021 until February of 2023. My question is, if I were to sell this property, will I need to pay capital gains tax on my proceeds? Additional information: I live in the US, state of Indiana submitted by /u/Tall_Fit_Asian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15ax22d/capital_gains_taxes_on_selling_of_property/

My agent suggested I should consider asking for interest rate buy down from seller instead of asking for lower house price. I understand buying points and the math for it, there are calculators online as well. But my agent was talking about 2 year buy down. I didn’t find a calculator and was trying to figure it out using a spreadsheet. I have a call with my broker tomorrow but want to understand the numbers ahead of time since I get confused when people throw out numbers. Let’s say if interest rate is 7% and the seller is buying down 2% for 2 years. For first 2 years, I calculate all payments based on original loan amount, 30 years term, and 5% interest rate. For next 28 years, I use 28 years term, remaining loan amount, and 7% interest rate. Is this correct? I get it that for the first 2 years payments are smaller. The part I want to make sure I’m doing right is that in this case the payments after 2 years are smaller than if the interest rate was always 7% submitted by /...

1.Introduction to RFID Technology 2.RFID Reception in the Real Estate Industry 3.Benefits and Use Cases 4.Factors Driving RFID Reception 5.Market Projections and Growth Opportunities 6.Difficulties and Contemplations Go ahead and share any significant contextual analyses, examples of overcoming adversity, or even any reservations you might have about RFID execution in real estate . How about we gain from one another and cooperatively investigate the domain of RFID innovation in the US's real estate area. I'm anticipating participating in productive conversations with every one of you! submitted by /u/RajeshN_1809 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15aus9j/market_share_analysis_of_rfid_technology_in_the/

Hi all, So I am looking to change careers here well sales careers from my current niche into real estate. How should or do I go by doing this? Does any real estate company like Keller Williams or any other names pay for your classes and licenses? If so how do I get started with a company or agency that does do that? What path should I take here? submitted by /u/Evening-Creme-9001 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15a19o5/how_do_i_get_started/

I did some researching and I know it can take a while to sell a home but how quickly can I put it out there on the market? This is my first home I bought it 2 years ago so I've never done the selling process before. Long story short I'm on the west coast of Canada, the cost of living soared and my household income didn't so I can't really afford to live here anymore. I'm trying to hold on as long as I can, desperately looking for a second job but I have about 60-90 days worth of money to pay bills and then I probably won't be able to make my mortgage payment. The rental market is oversaturated but I can make about $110,000 off selling, throw all my things in a storage facility, and stay in hotels until I can find a place in the eastern parts of the country. Leaving my mom and sister behind sucks but financially, leaving B.C entirely is the only option if I can't make more money. submitted by /u/Imadummyboi [link] [comments] source https://www....

My home is unique in that the yard straddles two counties. Most of the property including the structure is in county A, while a small strip of the yard (~10%) is in County B. I get tax bills from both counties. In addition to the correct listing in County A, showing my recent purchase, there is another listing in county B which incorrectly lists the full lot size as being in County B, incorrectly shows it not having traded hands for ~30 years, and has a listing valuation about $100k lower than correct. This second listing lists the source as public records. Clearly their algorithms for matching properties don't properly handle properties in multiple counties. I'd like to have redfin (and any other websites) remove the incorrect listing so when I sell my house in the future the buyers won't see the incorrect valuation. I'm guessing I will have to contact each website individually, since the tax data that it comes from can't be removed. ETA: just discovered that r...

I am in the process of getting my first loan ever, and it is a mixed use loan. With a soft money lender. I will be getting a second mortgage with the seller. And the first loan is about 370k contingent on the appraisal. I have just received the loan terms. Can anybody tell me if anything seems crazy? The lender fee seems a bit high but I’m just not sure if that’s because it is a soft money lender and I am a first time investor… Any input is appreciated!!! Here are the terms: A new first lien in the amount of $369.850 Mixed Use 360 Month Term & Amortization 30 years 10.740% Prepay Penalty = 1 Years: 5% Rate buydown: None 1.00% Fee paid to reduce prepayment period by 4.00 years) Lender fee: 3.5% of the Loan Amount $1,599.00 Processing Fee $2,900 appraisal fee $2,995 Underwriting Fee + $600 Loan Doc Fee + Environmental Fee between $1,367.40 to $2,050.58 paid at closing 6 Months Reserves Required Occupancy Plan Required submitted by /u/1ndog [link] [comments] so...

Story time but I need your advice!!! We are in the process of buying a home as a first time homeowners in cleveland ohio, which falls in cuyahoga county. We are under contract and inspection and appraisal are coming up in about a week. When we saw the house (colonial) it definitely needs some updating and work, everything seems to be from the 90s. But everything seems good and hoping nothing major shows up on the inspection. The cool thing is the upstairs has a full kitchen, bathroom, a room and living room (no dining room). It's like a mini downstairs. We didn't think much of it. We thought it was pretty cool actually. It does not have its own seperate entryway or it's own address . And the sellers told us it's a single family home. Well, the loan we got was great, no down payment no PMI for single family fist time home owners through a local bank. But I just got a call from the loan officer last night saying that the county has stated and classified that propert...

Our house is on the market for more than 30 days. CMA suggested the price as 480K (max). We put in the market for 499k as we had put in upgrades which were not accounted for (new roof, new patio and front doors etc.) We had to reduce the price by 10k after a few weeks. We now have an offer at 470k (started from 460k and counter offered a few times to this price). Is this too much of a low-ball offer? Another smaller house in the neighborhood with 1 less bedroom and smaller sqft went for 455K. I am concerned about losing this offer too, but don't want to give in to a low balling buyer. We are purchasing a bigger house in another state and can definitely use the money from the sale. submitted by /u/Mundane-Taste-2284 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/159610r/i_have_only_one_offer/

Hi all. I am sure some of you do business with real estate. Me and my boyfriend are planning to buy a run down property, refurnish it and maybe rent it out. We be both been doing researching and everything seems too good to be true. Just have money buy it and make more. But no one is talking about the downsides. What's something i should look more into? What was the mistakes you first did? Is uk renting going downhill? I really can't believe it's as easy as it seems. submitted by /u/nncompallday [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1595tzv/beginners_worries/

Any advice or not gonna happen submitted by /u/jeffzs [link] [comments] source https://www.reddit.com/r/RealEstate/comments/158vns9/any_way_to_buy_out_another_buyers_whos_on/

After a few exchanges with my realtor and a seller's agent, I'm starting to realize that certain agencies are colluding and the process is not so fair. The seller's agent knows our offer, we believe they had someone else from their office submit a competing offer and did not submit our offer. We requested proof seller saw our offer and that's when things started getting weird. To protect everyone's identity, I won't go into details but if you're in the market for a house, take the extra steps to ensure it's a fair process. submitted by /u/NegotiationOdd257 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1593ak4/montclair_njbuyer_bewarereal_estate_collusion/

Premier agent. My office pays for Zillow leads but I haven’t had a single lead in weeks. Ok. Opcity. You always think you’re the first person to click claim but that’s just never the case. Ok rant over that’s all. submitted by /u/Kooky_Ad593 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/158z1at/leads/

Hi all. About a year ago i inhereted a paid for 3b/2b walk-up apartment worth about 200k-210k in a complex that is less than 5 years old. I rented it out the first year but i an very interested in acquiring another similar property. I have read the book: Buy, Rehab, Rent, Refinance, Repeat, but I’m having trouble figuring out the math on this whole situation. If you were in my shoes and are looking to buy rental property and create a portfolio of real estate, is there any way i can use the property that i now own (debt free) to buy another property? What should i be looking for? submitted by /u/Complex_Place6556 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/158a08q/advice_needed/

I told my agent before buying that I had a bad experience with my last home. The owners had unplugged the fridge and it was moody and had food rotting in it. I asked him to make the contract where the appliance would be clean and I wouldn’t be left with a mess. I also asked that he wrote it so there was no garbage for me to take care of. My last house left 12 tires for me which cost me over 100 dollars to recycle. I just saw my new home for the first time. The fridge has food and grease all over it. Somehow there is splatters of food all over the back of it. The stove has NEVER been cleaned. It 2 year sold and looks 20 years old. Food mounded and caked on the bottom of it and it looks like they just let it burn each time. The dishwasher smelled horrible. I thought, maybe I should run it on sanitary cycle and let hot water clean it. Smell never went away. I took out the filter and the moment I touched it I regretted it. Some brown red greasy stuff like sticking your hand in a can of...

So me and my wife have been looking for a house and we submitted an offer, and it got accepted. After it got accepted, our agent asked if we wanted to have them pay for closing costs. We said yes and then she said “well actually that might not look good to do after they’ve already accepted the offer”. I know we should have noticed the closing costs portion of the purchase agreement but we truly didn’t even know that was something you mention in an offer and I feel that our agent should have consulted with us before assuming we would take on ALL closing costs. Based on the sale of our home and what was told to us by the same agent, we were told that sellers usually pay closing. So we paid all of closing. So in the back of our head we sort of just figured when we bought our house, the seller would pay them. Why are we stuck paying closing costs for the sale of our home and the purchase of our new one?? We are pretty deep in the process already so I’m just wondering if there is anythi...

Hi everyone,  My partner and I are in search of our first home and came across a property that we like. I was hoping some experienced purchasers would be able to advise me on an offer I’d like to make. I’m in New York. The relevant information is below. About the property:  Built in 2015, listing price is $499,000 (this listing price is DOWN from $550,000 earlier in the year). Sq ft: 895 ($558/sq ft) Rooms: 2 bedroom 1 bathroom Days on the market: 95 About the neighborhood: Median listing price: $530,000 (down 5%) Median $/sq ft: $483/sq ft Home supply: up by 5% Average time on market: 161 days Comparable property: Another unit in the same building just sold last week for $450,000. That unit was 950 sq ft but was only 1 bed room 1 bathroom. It also had a decent sized balcony and a nicer setup generally speaking. It’s $473/sq ft.  What I want to offer and why: I want to start my offer at 420,000 (around 15%-16% lower than listing price and would bring it to ...

Hello! I have a bit of a complicated situation that I'm looking for advice on... We are selling our property (asking $849,000) by private sale. We recently had somebody offer to trade us their house in exchange for ours (and because it is worth less they would also give us some cash). I originally didn't like the idea, but we went to look at the house and it is actually exactly what we are looking for! But the problem is I have no clue now how we go about actually doing this process and I cannot find anything online. One of the reasons we are selling is because we need a cheaper mortgage. We don't want to stay with our current bank because we have found rates at a different bank that are much better and they were willing to lend us slightly more. So let's say this person gives us $200,000 and we move banks. We need about $50,000 to pay off other debts. And then...I'm assuming we would give the other $150,000 as a down payment for the new mortgage. Am I thinking ...

I am in Central Florida. I have difficulties finding an attorney willing to work on a contingency basis. Hence, in my case, there is a dispute over a million dollar property. I have previously worked with an attorney on a retainer basis. As soon as the attorney was prepaid, the quality of his service deteriorated. He was not very responsive to my communications (emails, calls) and he refused to get involved in any situation that required more work that he expected... Accordingly, I am looking for another attorney; one that will be more committed. This is why I need a contingency. However, in Florda, it seems that most attorneys will not work for merit. In NY, it is not as difficult to find such attorney. Does anyone know of a good way to find such attorneys in Central Florida? submitted by /u/lam_zo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/157fdgk/finding_an_attorney_willing_to_work_on_a/

I currently own a condo. Interest rate is 2.875%. I owe roughly 211k. Mortgage/hoa fee is $1,966.00. (Includes taxes) I can rent it out somewhere between $2,200-2,300. In my complex the condos are selling between $295k-$310k. I live on the third floor so let’s just say I can get $300k. For argument sake let’s say I can walk away with at least 80k. I need the equity out of this home so I can go buy a multi family (3-4 units) solely for investment purposes. If I keep it I would of course have to look into a heloc or second mortgage. Thoughts??? Would you sell or rent?? Options on heloc or second mortgage knowing why I need the equity are appreciated as well. submitted by /u/Itsmejasmin09 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/157czcn/sell_or_rent_condo_help_me_decide/

I’m writing a short story (horror comedy) about an estate agent trying to rid a house of ghosts in order to sell it, and I wanted a pun title for the story. For instance, the movie Deadstream about a live-streamer who goes to a haunted house, something simple among those lines. Any ideas? submitted by /u/JimmyMcGlashan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/157btko/what_are_some_horrorrelated_real_estate_puns/

We have been under contract on purchasing a home for over two years, contingent on the sellers finding a home of choice. We have been told the sellers are under financial distress and cannot afford to remain in the home, yet the sellers cannot seem to find a home in their price range, refuse to rent, and have narrowed their search criteria. In short, dragging their feet. At this point, we have lost out on great interest rates and are fed up with the unreasonable delay and potential dishonesty of the sellers’ agent in communicating truthful information. However, we want this house. Has anyone actually sued for specific performance and won? Where a judge actually ordered the sellers to complete the sale in a situation like this? Advice please!!! submitted by /u/Additional_Success80 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1577dux/suing_for_specific_performance/

Hi, Been in process of applying with different lenders to shop around interest rate. Husband has quality career, and is even moving at a senior admin level title change within the next week. I recently have been pushed out of my facility after indicating I had interest in transferring to a new department. I have accepted a job in the same field, making just $1 less/hr. Tricky: I have an interview for a position roughly $20 more/hr. It would start several weeks into the month of starting the job I’ve already accepted. I’m a newer graduate so I have less than two years in THIS field, but was working a lower-level position in this field for 6. Also, our home is being built and cannot be sold to us without power which is still pending. Timing is approximate because of this. Both have excellent credit and 0 debt. Savings/husband’s salary could offset problem described above? Timeline: Left job July 14 Start new job -$1/hr July 31 Prospective job >$20 start August 21 Questions: ...

I own a home in Florida and my current insurance company just informed me that they are increasing the rate by 1000/month. Apparently they sent a letter to my old address a few months ago. I started frantically looking around for alternative insurance but the majority won't take me unless I get a new roof. (My roof is 12y old and the house is 50 y old) I can't afford that right now. I have reached out to Citizens, I am just trying to find other options that will insure an older house. I have considered going without insurance and just investing the 1K /mo into an emergency fund, but that has it's own obvious risks, especially since it's currently rented out. so if any one knows of insurances willing to work with older homes please let me know submitted by /u/LA-forthewin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/156k56u/any_suggestions_for_home_owners_insurance_options/

We are looking to relocate by end of year across the country, and when selling will have a good chunk of equity to work with. My question is: if we put down the 15-20% recommended, does the equity open up higher priced options for us to look into? For instance, if we sell for 320k, would it be insane to look at a home for 400k on the dot? I know this requires more info on our finances to give a good answer, but to give an idea, our mortgage is $1500/mo and could afford stretching that out a few hundred more. I don’t have much interest breaking down all finances, as my car is paid off and getting all the other numbers right now would be a bit much (getting our house ready to sell today) But, does anyone ever put the equity aside, and slow drip off of that? I’m not sure our options here so just looking to open our point of view to possibilities out there. All advice welcome, thanks! submitted by /u/AjieBeats [link] [comments] source https://www.reddit.com/r/RealEstate/com...

I'm in need of some advice and guidance regarding a recent land transfer and the process of obtaining a partial release of lien. I'll try to keep it concise, so here's what's been going on: Background: Last week, my stepdad and I successfully completed the transfer of 8 acres of land from my parents to my wife and me. We are trying to use this land as equity to purchase a manufactured home to put on the land. Issue: However, we recently received an email from our lender stating that a partial release of lien is required for the 8.225 acres to clear things up. We were aware of potential liens on the property, but we didn't anticipate this specific complication. Questions: I'm curious if anyone has experience with obtaining a partial release of lien and how challenging the process can be? I've read that it may vary based on the lienholder's cooperation and the required Any Advice is Welcome: We would greatly appreciate any insights, experiences, or ad...

My fiancé owns 30 acres in Missouri where we live, and is behind on property tax. If it’s not paid by the end of next month his property could be auctioned off, I’m trying to figure out if there’s some sort of loophole or anything that could help us with this situation. Due to life circumstances it’s been a hard few years and just a struggle. If he was to simply give the property to someone else, or “sell” it, how does that work if he owed tax on it? submitted by /u/scorpioh2o [link] [comments] source https://www.reddit.com/r/RealEstate/comments/156hq98/property_tax_help/

https://markets.businessinsider.com/news/stocks/economy-outlook-us-recession-delayed-corporate-debt-binge-low-rates-2023-7 When rates were low corporations were able to refinance a lot of their liabilities leading to lower interest rate payments for them which has caused them to be able to actually play the Uno reverse card on higher interest rates and increase profits instead of losing profits leading to a lack of loss jobs. This means that the lack of job loss from layoffs have ensured that housing inventory stayed low. submitted by /u/Koldcutter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/156jdsp/one_key_to_why_the_economy_has_not_crashed_out/

Hello My father currently lives in Illinois but has a house in Texas that he is selling. He is currently unable to travel to Texas because of his physical disability, so I am a bit confused on how we can complete the closing and the sale. We already received an offer, had an inspection, and signed with the realtor. So, my question is: Do we have to go back to Texas to complete the closing or be at the settlement? Does he have to attend or sign anything in-person in Texas? If we need a PoA, how can this be done from another state? Any advice is appreciated! submitted by /u/Expert-Shop-1730 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/156gya2/selling_a_house_in_texas_from_illinois/

Looking to buy a Duplex for multi family. In Austin or cedar park Tx. Not a fixer upper & max $600k hope before May 2024! submitted by /u/Temporary_Metal6490 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/156eujz/austin_tx/

Title says it all. Want to share some good news in wave of horror stories ive read all month. We somehow landed an amazing property for an amazing price. Every little amenity is brand new, every single detail just perfect. Not a single concerning thing came up in the inspection, just super minor stuff all less than $500 to address. We bought it for 172k, and our realtor said it could have easily gone for 250 if it was 30 minutes north of where we got it. The low price comes from being extremely rural but that's exactly what we wanted. This came after searching for houses almost 100k more an hour north. By far the best property we viewed and the sellers were just great. Even through in some nice rugs and patio furniture! We had some scares as the title company and appraisors took a while. We got the final approval and clear to close only 18 hour prior to closing. It all worked out thanks to the help of our awesome agent and LO. Never thought I'd be a home owner but here we a...

Hi folks, Just curious: are there any additional forums you like to go to discuss real estate (besides Reddit) ? submitted by /u/Fit-Neighborhood4465 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/155hp9o/online_forums/

purchased a house 10 years ago and i'm planning to move to a different state. i lost my job, cant pull from the home equity because of work status so i don't have that much funds to do the cosmetic repairs. Is an LLC a way to go? would renting out my home under an LLC be a good idea to keep up with my mortgage or just rent it out with no LLC? If i do go the LLC route and lets just say house gets paid off, does the LLC own the house or? how does it work to get ownership back? sorry if these are weird questions but i'm new to this homeowner life. its my first home and english isn't my first language and i apologize in advance. submitted by /u/6Vi9e2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/155h1wt/llc_my_forever_home/

Can someone give insights on increasing their reach through Tiktok or instagram in generating leads for selling apartments in NYC? submitted by /u/AppropriateAd1517 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/155ekz0/real_estate_through_short_videos/

In need of a contingent lawyer ASAP submitted by /u/1comment_here [link] [comments] source https://www.reddit.com/r/RealEstate/comments/154loy0/does_anyone_know_of_a_ca_contingent_real_estate/

submitted by /u/Homestation01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/154lmj5/how_to_check_if_a_property_is_registered_or_not/

My wife and I own a 2 flat with 3 units in the city and we live in one of the units. It was our starter home when we got married. Now we have 2 toddlers and have outgrown the 3 bedroom 2 bath unit. We just closed on SFH that could be our home for the next 20 years, with lots of yard and in the suburbs with one of the best public school systems. Now that the high has gone down a bit, I am feeling a bit un easy with the amount of debt / liabilities we currently have. Here are the rounded numbers and notes. Any advice would be appreciated. 2-flat, Zillow estimate $600K. Monthly PITI $3600, 6 years ($130k) left in a 15 year loan @ 3.6% New SFH $600K, Monthly PITI $4200, 30% down, 30 year (400k) loan @ 6.5% Annual Household income - gross 250K, Monthly Net 15k hits bank account (we tried to max out 401k) Monthly food, childcare, daycare, utilities, bills and misc bullshit ~ 7k. (very rough estimate). daycare and childcare will go away in future, might be replaced by school and recre...

Body: I'm reaching out to this community to share a harrowing experience that unfolded at One Burrard in Vancouver, shedding light on the sinister underbelly of what appears to be an organized group operating with impunity in our city. The Onset of Harassment: Yesterday, my sister found herself at the mercy of a group of individuals who seemed determined to torment her. Their behavior towards her was not only derogatory but also blatantly discriminatory. Amidst this turmoil, the concierge, who should have been a symbol of security and assistance, played a shockingly active role in escalating the situation. Rather than stepping in to help, he chose to film my sister, a gross violation of her privacy. He didn't stop there; he verbally abused her, telling her to "shut up" and "watch her mouth." He further demeaned her by audaciously calling her an "asshole." To compound her distress, he disseminated the unauthorized recording, ensuring that her hum...

Looking at a brand new build in a town in OK that has a population under 1k. It is about 10 minutes from a larger town of almost 100k pop and 15 to a city with over a million. How do I know if it’s a sound investment? No land just normal lot size. submitted by /u/Ill_Bear7274 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/153sz75/buying_new_prop_in_a_super_small_town/

Can someone give me Tests submitted by /u/yourplugkenan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/153rjc8/hey_looking_to_invest_100k/

Introduction (100 words): Are you searching for the perfect plot of land to build your dream home or invest in a lucrative real estate opportunity? Look no further than Kurnool, a city known for its rich heritage, vibrant culture, and booming development. With a wide range of open plots available for sale, Kurnool presents an ideal destination for those seeking to settle down or make a profitable investment. In this article, we will explore the various aspects of buying open plots in Kurnool , highlighting the key features and benefits of investing in this thriving real estate market. Exploring the Real Estate Landscape of Kurnool (200 words): Kurnool, situated in the heart of Andhra Pradesh, has witnessed remarkable growth in recent years. The city offers a favorable environment for real estate development, attracting both local and national investors. As a result, there is a significant supply of open plots for sale in Kurnool, catering to diverse needs and budgets. When consideri...

To put it simply: Neither of us have worked full time in the last 2 years due to traveling. I am currently working a seasonal out of state job that ends after September, making $5k a month salary, and she is not currently working but will be in a few weeks, and will be making around $8k per month gross. I don’t have a job locked in following this one but I have several options and assume I’ll be making $5k-$7k per month gross. Starting in October/Nov We live in Washington state, we both have credit scores over 750, we have ZERO other debt, and our only monthly bills are car insurance and phones. We have like $12k in savings between us, but we could borrow around $10-20k from family for a down payment. We would like to buy something for under $400k and there are currently a couple of options on the market right now that we are really interested in. Any advice on how we could get approved for a home loan quickly given our situation? submitted by /u/shittlebuffout [link] [...

Hello all, some questions about working with brokers. I’ve been in touch with this broker since pre-approval. After I went under contract, I applied with another broker to see what my options could be. The 1st broker sent me a loan estimate and suggested that the rate was good; I thought so too and decided to lock. Later that day, the 2nd broker sent me their estimate with a lower rate (by .125%) and lower origination fees. I prefer the 1st broker and wanted to work with them, so I asked if they could just match that. They said they couldn’t because the rate has been locked, so they had to find another lender. It took them 3 days to find a new lender (I’m aware the market has constantly changed, so at that point it’s no longer apples to apples). Nevertheless, the new lender offers a lower rate but higher fees and pmi. It was disappointing and not really a “match”. The difference between the 2 estimates was a decent amount, at least in my financial life ($1000 difference in originat...