Hi all, been thinking about taking the plunge after saving up quite a bit living with parents for the longest time. Current Parent's Home Been living with my parents in a great stacked-townhome HOA community, monthly fees only went up from $146 -> $151 from 2016 - 2023 and it includes minor weekly spring/summer landscaping (grass cutting, shaping plants, etc.), snow plowing service, annual gutter cleaning for all houses, general area/exterior insurance, and trash. Nothing but positives from that experience. Nothing fancy, no gates, no utility included, community looked clean and taken care of untill now. Potential Future Home I'm about to put an offer in a gated community townhomes, and since 2015 - 2023 it has raised from $180/mo -> $238/mo -> $328/mo. It includes water utility, trash, parking, and only recently two new giant electric gates (which seems to be the driver of fee increase into $328/mo). Looking at the community, it's beautifully maintained and ver...

submitted by /u/Baskedgreatness [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17kfs9w/under_what_circumstances_can_you_back_out_of_a/

How do I get listings? submitted by /u/Tryingtopassschool17 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17kdz8f/how_do_i_get_more_leads/

Looking for an investment lot near New Clark City? Secure yours for 1,998/monthly with Pag-IBIG and Bank Financing! Don't miss out this affordable opportunity to be a part of New Clark City growth story. DM for more details!!! investmentOpportunity newclarkcity submitted by /u/NewClark20 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17joxux/affordable_lot_in_new_clark_city/

What could potentially cause the housing market to crash? submitted by /u/MundaneSun1938 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17joi74/market_crash/

Just in this scenario, if someone had bought a house at a near peak historic market price with a 6.75% interest rate, and I wanted the house very very badly still, in what scenario do you think they would sell to me (they bought it for ~$1.3m). They’ve also told me they would sell it “if the price was right”. submitted by /u/MundaneSun1938 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17j0bu6/help_with_buying_already_bought_home/

Hi, I'm currently in the process of purchasing a home in NYC. My agent is a family friend that is recommended to me. I did most of the negotiation myself and but he did arrange for us for viewings/drive around with us. I'm primarily using him as he will kick back 50% of the commission back to us. The home I'm in contract for is 1.26M and the buyer agent fee is 1.5% ($18,900). He said he'll just give me 7.6k (approx 40% of the upfront price as he will need to pay his brokerage firm 10% and taxes as well) - is this fair? When is this decided, should I get this legally added in (the contract is already executed). I was reading that this is completely legal and some people use the kickback as a credit instead to avoid upfront taxes/fees. Is this something I should ask for instead? Perhaps get 9k in credits and I cut him a check for $9900 at closing. ​ Also he is asking for me to sign this form: https://imgur.com/a/VxKaEpH It's checked that he is the acting as the...

My husband and I are currently living on the west coast and plan to move back to Minnesota (where family and friends are) to buy our first house. We have saved up 20% down payment and ready to start looking. A recent family situation made the timeline a little tight. We will have to buy a house by 07/2024 because my father in law will sell his house and move in with us. So, I have some questions: Given the circumstance that we are living out of state right now and plan to move back as soon as my husband finds a new job in MN (I work fully remotely), when would be a good time to start looking and touring houses in MN as it takes time to find a house? Should I work remotely in MN and start looking now or I can wait until March next year? As a first time homebuyer, I have no idea where to look to find a loan program. Can you recommend some good loan programs that offer reasonable interest rate for first-time home buyers? Both our credit scores are above 750 and our income is above ...

My realtor said they are tricky to navigate, the seller has to be on board with it, it involves more work and is more invasive to the seller, and the seller’s agent may never have heard of them which means the buyer’s agent has to explain it. She then proceeded to explain why buy-downs were a good choice and how I can refinance later. For me, buying now planning to refi later is timing the market which I am not interested in doing (things are way too volatile and my only prediction is volatility will continue). Also, buy-downs and refinancing both involving paying considerably more money. Now, assumable mortgages have extra costs too, particularly the 1% extra I offered my realtor for the extra work she’d have to do. For me, it’s entirely worth it to have a home at half the mortgage payment, even with PMI I wouldn’t otherwise have. (I’m a good candidate for assumable mortgage because I can afford a large down payment.) Honestly, I’m trying to find a good solution for myself in this ...

Hello - I am in the process of buying a house in California. The prelim title report came in showing about 8k in past due taxes. It did not say there is a tax lien on the house. If I proceed with purchase, who is liable for the delinquent taxes? Would this be taken out of the sellers proceeds at closing automatically? Or this something that is negotiated and needs to be in writing? submitted by /u/Free-Organization360 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17i8xsl/buying_a_house_past_due_taxes/

For around 6 years, I’ve made my living off the back of real estate commissions. In HCOL areas like San Francisco and New York - the costs of hiring a traditional real estate broker run rampant. We’re talking 6-7% of the total selling price of the home. Just to manage the sale of it. There are plenty of instances where real estate agents have gone above and beyond the call of duty: saving babies from burning buildings, turning water to wine, saving cats from trees, the list goes on. But at the end of the day, being a (good) listing or buyer agent is knowledge work, that I think should be compensated the same as any other knowledge work. Billed by the hour or project. Can you think of any other industry besides real estate that gets compensated this way? I cannot think of one. The idea of that easy money has clearly attracted a ton of people to the industry looking to get rich quick. I can’t tell you how many young people I talk to with that plan. "Dude, if I just sell three h...

Find a diverse range of plots and land for sale in Indore , Madhya Pradesh. Discover the perfect plot for your dream home with LocalMakaan. Contact us now submitted by /u/localmakaan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17gt43t/plots_and_land_for_sale_in_indore_madhya_pradesh/

My parents have listed their condo and it’s not getting any bites while other condos in the same building are moving. They have an assigned covers parking spot, an additional storage unit, it has a better view, on the highest floor, and 300 square foot more space than some of the other units. They had one offer but the buyer couldn’t get financing so the deal fell through and now it’s just been sitting while other smaller units are moving. It’s priced about $20k more than the smaller units and has the additional features I listed but it’s not moving. They also lowered the price but still nothing. What’s the next steps here? They can remove it and let it sit but I’m just confused on why it’s not getting hits? submitted by /u/Illnasty2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17gss6u/home_not_selling/

I want to invest in a property. In my state, the maximum number of people non related allowed to live under one roof are 5. If I rent a 6 bedroom property to 8 people for example, what are the risks? Are they super strict in looking for violators? submitted by /u/maxyboyy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17grzpb/group_living_rules/

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Hey y’all. I bought some land back in 2019 with the hopes of building on it for $25k. Long story short, we found a home already built and ended up buying that, so we’ve had this land and it’s time to sell it. My wife REALLY wants $35k for it, and is prepared to sit on it as long as we can. I am in the same mindset, HOWEVER the owner prior to us called me and made a cash offer for $30k. I have a strong feeling through negotiation he would meet me in the middle. Having this cash would do a lot for us. Get rid of the last of student loans, and possibly finish the rest of the car loan/get a storage building that we need. Question is, would you wait for $35k or just take this deal a few thousand short? submitted by /u/SmolDiamondHands [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17g091e/would_you_take_this_deal/

Looking at a couple properties in NJ Prices range from 80-120k nice little new mobile type homes. I get to reading the details on Redfin And the HOA fees are like $900 What is the point? Sound like a pyramid scheme To have money flowing in even after selling the house. I want to know if HOA fees are optional What if I don’t plan on using what they offer. submitted by /u/Itsthetruthzb [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17fy0n4/are_hoa_fees_optional/

submitted by /u/ravalprakash16 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17falp5/in_light_of_the_current_real_estate_landscape/

Is giving a $12,000 buyer concession for a 2/1 buydown normal in today's market? submitted by /u/Hour-Vegetable-4498 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17f9vtg/buyer_concessions/

Anyway have a excel sheet that helps you calculate the profitability of a real estate investment - buying a house to renovate and put on rent ? submitted by /u/Due_Appointment_2100 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17f819w/help_how_to_calculate_my_yield_on_a_real_estate/

How long did it take from when you first started searching until you finally moved into your house? Thanks! submitted by /u/Celcius_87 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17ekh1f/redditors_who_bought_a_house_this_year_how_long/

Parent left property to two children. First child would prefer to own the house. Second child would prefer to "cash out" and sell out their interest in the house to first child. There are disparate appraisals and an opinion from a local, knowledgeable established real estate firm. Still "buyer child" and "seller child" are not aligned in valuation. It is understood that either party could force the sale of the property with a "Partition Action". That can result in both parties ending up with less value and hard feelings. To encourage a "meeting of the minds" and a mutually agreeable price/value for one party to buy out the other, is there a type of real estate contract whereupon the "seller" has an option to "switch places" with the "buyer" if the valuation seems too one-sided in favor of the "buyer"? It would be greatly appreciated if comments and answers might address the main question and n...

I bought a middle unit townhouse for $240K in February 2023. I was fresh off a divorce and this was the third dumb real estate mistake I made in the aftermath. (The first was refinancing the marital single-family home instead of assuming the low-rate mortgage from my ex. The second was selling that home to my realtor at a reduced price in the middle of winter because I couldn't wait until spring to unload it.) The townhouse is in a good neighborhood and I got it at what felt like a decent price, but I have sunk $15K into new AC, furnace, water heater, storm door, and washer/dryer. Now, I deeply regret selling the marital home. I miss having a yard and natural light and privacy. I can't afford a single-family home in my current suburb anymore with prices and interest rates soaring. I am looking at smaller towns just to get into a single-family home under $300K. My realtor says I should wait for spring to list. I don't want to make yet another real estate mistake but I'm...

Wife and I finally closed on our new house on Friday, and holy shit was it a ride. All due to the seller being a straight piece of shit. The guy is a licensed (very small time) real estate agent, having inherited a successful real estate business from his parents. He was selling off this old house that he lived in for a while, having also originally inherited it from his parents. He's also a convicted felon. If we knew this, or what a complete scumbag human being he was, we never would have offered to buy the house, but by the time we knew, it was too late. I could make this post much longer trying to tell the whole story, but here's the bullet point highlight reel of what a worthless individual this man is: Left the house unheated over winter, causing pipes to burst and some pretty significant water damage in the basement. In our offer, we stated he needed to have a professional replace the moldy drywall and lumber. He waited until the day before inspections were due t...

Why don’t they take 10 or 15 of the smaller ones or least wrecked ones and give them to people along with $188k demo money to fix them up, or save the demo money. 8.3 million averages $188k per house. https://provincetownindependent.org/featured/2023/05/24/demolition-of-44-buildings-in-seashore-progresses/ submitted by /u/buried_lede [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17dm8ep/truro_cape_cod_demolitions/

submitted by /u/illjustbemyself [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17d0vup/how_do_i_find_out_how_much_an_hoa_civic/

We are first time home buyers and we are buying a house from the 90s in New England with a roof from the 90s with some visible maintenance issues (shingles curling). We realize we will need to replace it very soon. Inspections are done and I am currently trying to get home owners insurance to proceed with this purchase. But the insurance company is gonna get back to us on the roof… saying they may not be able to insure it. I do some googling and see that old roofs or roofs that clearly need maintenance are an issue for home owner insurance companies and they don’t insure them. What I want to know is why would my real estate broker not have told me this? She’s been very communicative otherwise …(I found at last night and haven’t had a chance to talk to her yet I just can’t sleep stressing about this). If they won’t insure it how are we gonna get a mortgage? Will the buyers need to replace it first or will we be required to purchase the house without it being insurable?? I feel li...

From a relative in Alaska ​ Tenant broke lease and left. Was not ready the day before for an inspection. Left the place not as clean as found. had a "video" recording of their walk out. I came back and took pictures with deficiencies. No pre move in form but lease states "Lessee acknowledges that Lessee hashad an opportunity to inspect the property to be leased and that the property is of a size, design, capacity, and manufacture selected by Lessee." They shattered the toilet water bowl cover in which they tried to replace but got the wrong one. ​ Got a demand letter from what appears to be a legal shield service for their security deposit doubled. Now claiming wear and tear on the toilet cap. I cannot find the right part, myself.Originally they claimed they would replace the cover. Can I charge for a complete toilet replacement? I have pictures of how unclean it was, toilet damage and prorates due until I was able to lease the place, again. Do I even respon...

Where do you see the real estate landscape (the market, inventory, interest rates, etc) 5 years from now? Specific predictions: have any predictions for selling a co-op in NYC and buying a house in Westchester 5 years from now? What does the future look like? Better, same, or worse ? submitted by /u/vanderpumptools [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17cywpl/5_year_projections/

I purchased a home and received the keys today, contract fully signed and completed. Hours later my realator sends me an email stating I never paid the earnest money required. Throughout this whole process she never mentioned I had to send any earnest money. Can I simply ignore her and move on with my life? I have the keys and the house is mine, why would I send the earnest money now? submitted by /u/Lullh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17c4d47/earnest_money/

Please find my current thoughts on the real-estate market. Constructive feedback and discussion welcome! https://julianscurci.substack.com/?r=8f4k5&utm\_campaign=pub-share-checklist submitted by /u/Which-Ability-6492 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17bem8s/realestate_reconnaissance/

[TL;DR] Should I buy a house despite roof damage, plumbing issues, and sewage backup that sellers say will be fixed by closing day? Inspector and realtor say not to worry, but I'm concerned about potential future repairs. The sellers are replacing the roof and fixing the plumbing backup, but won't replace the sewer or drain lines due to cost. The house, built in the ‘60s, is in a good school district and priced at $200,000 in Texas. Need advice on whether to proceed or look for another home. My SO and I love it, and we want to ensure it will be a good investment as we don’t want to buy a money pit. We are currently in the option period. The inspector privately told me that he WOULD buy the house because the seller is going to replace the roof and fix the sewer line backup located in the garage laundry drain (there was actual, literal shit water coming out of the pipe onto the garage floor when inspector tested). No foundation issues. submitted by /u/G4yWilli4mJ0hns...

Hi I am 19 years old I’ve just been offered to go full time as an estate agent. I’m currently working part time at Iceland’s, part time as a estate agent and I do Amazon flex. I am just completing on my first property as a buy to let should be completed by November 22nd. The offer I received is 25k a year not including commission. After putting down the deposit on the property and the refurbishment costs a side. I have left 10k in savings. I’m looking at refinancing the property to pull equity out to buy more properties. I am looking to retire asap through property investment which I hope to start looking at doing rent to rent deals in the near future to hopefully over take my income from working. Could anyone give me any advice on maybe property investing/ give ideas what’s best to do with my money before buying a new property? submitted by /u/aaron533 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17ap7ac/guidanceadvice/

We were sent a listing of a very nice apartment by a real estate agent but it was out of our budget. The agent told us the seller is in under pressure of 2nd loan she took and asked us to visit and give our best offer. So we did and the seller somehow agreed which was 25% less than asking price and it was above €1million. We signed a pre sales agreement that we intend to buy and the agent said let’s put the date after a month for notary process in the agreement. We applied for loan and got the approval so we told the agency. The bank said it will take 3 weeks more as it was holiday season. We communicated it to the agency and then the seller turned crazy. She started emailing us daily why it’s taking time and why do we need to get life insurance(bank asked us to take it and they checked it was mandatory). My husband was the same bank employee and we had loan benefit so we couldn’t switch banks. She knew this thing before. While waiting for the insurance company to give us the contrac...

submitted by /u/1a2b3c4d5e6fLarry [link] [comments] source https://www.reddit.com/r/RealEstate/comments/17aky5z/venezuela_had_a_crashup_where_the_value_of/

Hey everyone, we've just launched an free app that uses AI to analyze and compare property sales. Within moments, you'll see potential savings on your property tax. Designed for simplicity, even 70-year-old grandma finds it easy! The app is fully unlocked with no payment needed. Would love to hear your thoughts and feedback. Here's the link to Apple AppStore: https://apps.apple.com/us/app/proptax-lower-property-tax/id6469036383 ​ submitted by /u/Practical_Arm3063 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/179vf4m/lower_property_tax_with_comparable_sales_using_ai/

Been following the local market in my part of socal. Two or three units are listed quite reasonable, in fact even low Maybe the market is ever so slowly turning in favor of buyers? submitted by /u/LowEdge5937 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/179q3nk/market_turning/

Hello everyone, I am working on selling to open they surprisingly gave a respectable offer. Does anyone have tips before I sign anything? I already negotiated and got them to come up on their offer. We already did the inspection/appraisal. submitted by /u/Samosker [link] [comments] source https://www.reddit.com/r/RealEstate/comments/178yydm/opendoor/

I recently turned 18, I love real estate and it's a field I feel like I would really enjoy getting into. I want to buy my first piece of real estate as soon as possible. I set up as savings account to start saving capital to put towards my first piece of property. I've done surface level research. What I want to know is • how much would be a good start • I want use the FHA loan to buy my first piece of property (is this a good idea) • I live in California so to buy near me would cost a lot (should I find property near me or look somewhere else) • how do I start • any tips or advice submitted by /u/gmoney8315 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/178yslg/need_advice/

How do you spot an area poised for gentrification? Is spring or winter the best time to put your house on the market? Will a house on Swamp Road sell for less than one on Gingerbread Lane? The fact is that the rules of real estate have changed drastically over the past five years. To understand real estate in our fast-paced, technology-driven world, we need to toss out all of the outdated truisms and embrace today's brand new information. But how? find this and more in this amazing book submitted by /u/VillaConstruction [link] [comments] source https://www.reddit.com/r/RealEstate/comments/178c9du/zillow_talk_the_new_rules_of_real_estate/

i’m currently renting a house. the listing had stated that the property has solar panels and the guy who took us to tour it also stated it has solar panels. looking at the house now. there are no solar panels. what can i do? what should i do? submitted by /u/morgansstone [link] [comments] source https://www.reddit.com/r/RealEstate/comments/178ad2n/what_can_i_do/

https://www.latimes.com/california/story/2023-10-14/a-new-law-allows-homeowner-to-sell-adus-like-condos-boosting-homeownership-heres-how-ab-1033-works submitted by /u/CoolTomatoh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/178abmp/a_new_law_allows_homeowners_in_california_to_sell/

Hi All, The seller has agreed to replace the septic system, identified as necessary during initial inspections, before closing, due to my lender's health/safety concerns preventing escrow approval. What key items should I instruct my attorney to include in the agreement to ensure proper installation and prevent future issues, considering the seller is choosing the septic company? I want to do everything I can to make sure I don’t get screwed over. Location: New Jersey Thanks! submitted by /u/sugarfreecaffeine [link] [comments] source https://www.reddit.com/r/RealEstate/comments/177lsut/seller_agreed_to_replace_septic_system_need_to/

I see there are homes that have been cleared out to advertise and showcase it to sell. How do you do that? Do you 1) buy a new home first, and move all your stuffs from your home to new home, and wait until your home is sold? While waiting, you pay the insurance, mortgage, HOA, and utility. Or 2) do you move your stuffs to paid for storage, and move in with your relatives while waiting for your home to be sold, and when sold, buy your next home? submitted by /u/Glittering-Hand6798 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/177kc4e/how_do_you_clear_out_your_home_to_showcase_it/

What. The. Fuck. We're due to close on the 9th. We're moving cross country (utah to ohio). I have a guy and his wife (renters) that have already paid their security deposit and are 100% the most excited people I have ever seen about renting our little sfh in American Fork, UT. It's in the contract. I brought it up numerous times that I want a home inspection and all of a sudden it's scheduled to be conducted today and they refuse citing it's outside the 8 day threshold that's in the contract. The only reason it has taken this long is scheduling with the inspector and no fault of my own. Our dream home seemingly up in dust. Locked 6.75 which I was happy with. We were gonna have chickens and a cow! A fishing pond! Lol We can still have those things but what a bummer man. Why? What a waste of time. It's already like the worst time in the past 30 years to buy a house (prices stubbornly high while rates are cruisin' higher) I'd appreciate your thoug...

I performed a registry of deeds survey of recent single family home sale mortgages in 4 towns nearby that I'm interested in. These are generic 3-4bed, 1.5-2.5 bath homes. For those familiar with the Boston area, this is just west of Framingham. I'd say they are HCOL but not quite VHCOL. Out of 23 homes in late Aug/early Sept: -2 were bought with cash, -3 had greater than 25% down, -13 had 20-25% down, -5 had less than 20% down Looks like ~20% put less than 20% down. Anybody know if this figure has changed since the rate increases last year? Also, I was encouraged by only 2 cash buyers. I keep hearing about people getting outbid by cash offers, but I'm guessing those stories are grossly overblown. submitted by /u/Bostonosaurus [link] [comments] source https://www.reddit.com/r/RealEstate/comments/176vlr3/is_greater_than_20_down_back_to_being_the_standard/

Hi guys! Any idea how I can contact smdc’s management? Seems our condo’s engineering and admin department is quite slow. I am working, so I cannot constantly and personally follow up this urgent concern and its really giving me a headache. Yung leaking sa pipe ng taas na unit to tell you since October 2022 pa followed up. Thank you submitted by /u/juicybuttt [link] [comments] source https://www.reddit.com/r/RealEstate/comments/176ua37/smdc_green_residences_management_is_a_headache/

Is there anything I can do? We did our final walk through and after an extended ×3 times closure we went back after closure and could see she still had a few things in the house we could see from outside. AFTER THE FIRST continuation of closing the former owner asked for one more day after closing. 2 times later, when we actually close, and she gets the $$$, we walk through and are told they will clean more. Before the closing word was from her real-estate agent to mine that she was going to get professional cleaningq. That did NOT happen.!!! It's trashed! Also she took more stuff down and left big holes and peeling paint. My wife is scared of my reaction, it's that bad. I HAVENT SEEN MY HOUSE! BUT ITS BAD. She told me to wait. Now there's a bunch of large holes, peeling paint, cat litter all over the floor. She took the curtain rods and left the fridge full of rotting food. This was purchased with a VA loan, and now our real estate agent is paying for cleaning. By the way...

My realtor showed me a home- we really loved it, but it was a bit high for our budget. We almost made an offer. I stumbled across information online that this property was in bankruptcy. My realtor is the sellers agent also. Should she have disclosed this to me? submitted by /u/Sb0414 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1764uki/bankruptcy_disclosure/

Selling my house to a friend and I'm doing the financing. We are splitting the closing costs. Meeting with my attorney next week to sign the contract and he has included, in the contract, both "buyer title insurance" (for the buyer/friend) and "owner title insurance" (for me). When I bought the house 20+ years ago, I paid to have a title search. It came up clean. So I am struggling to understand the purpose of including owner title insurance in this contract. It's not protecting my purchaser--he is purchasing "buyer title insurance." Is it protecting me from something? Could something have happened since I purchased the house that I am not aware of? Could someone have placed a lien on my property that I don't know about? I am retaining the title to the house until the balance is paid off, so wouldn't I be covered by the original title search performed when I purchased the home? submitted by /u/ApricotEmotional1018 [link] [commen...

submitted by /u/Homestation01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/176181u/why_is_electronic_city_a_potential_location_for/

I really don’t know if this is a dumb question or not, but I’m just getting into the world of home inspections/real estate and don’t know how to accurately figure out the answer to this. (Trying to decide if pursuing a career as an inspector is worth it during the current state of the world and country) I know that the housing market would obviously be affected since people will likely be evacuating conflict zones and seek refuge in other areas of the country. There’s also people leaving the country as a whole, rentals, etc. Conflict zone home inspectors would I guess be the first to fall off, but what about the ones in safe zones? I don’t think house hunters would care much about the condition of a home they buy as long as they are safe, but I could be wrong, and the majority could still be trying to make as many financially smart decisions as they possibly could. There could also be other factors that I am not taking into consideration that could actually be beneficial for home in...

I am about to sign a new lease, which will be the second place I've ever rented. I wanted to take the time to fully understand this new lease unlike I did with the first one. This is through a company that manages properties for other people. Here is a part of my Lease that I am trying to understand. This is talking about the condition of the premises. Down towards the bottom, it says that Landlord shall not be required to make any other improvements or repairs of any kind upon the premises. I feel like I'm taking this out of context, so can someone enlighten me as to what this means exactly? Does this mean I am liable for any repairs? At the very bottom of the lease, there is a "Special Agreements" section, where it says "TENANT shall be responsible for all maintenance to interior floor and wall coverings, ceilings, electrical fixtures, and plumbing, the replacement of all interior and exterior light bulbs." submitted by /u/ExtraStrain5888 [link]...

Any tips for a Subject To as a Seller? Minimal exposure to risk. submitted by /u/Intelligent-Summer-6 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/175bupw/tips_for_a_subject_to/

We’re in the contract process now and the seller has stated that there is no certificate occupancy but also states that this isn’t a problem. The house is very old (from the 1800s), in NY, and has had work done on it. Is this a problem? I really don’t understand what the CO is for. Is this a regional thing where some areas need them and some don’t? Will it be hard for me to sell the home without it? Will I be unable to get a loan? Will the city come in and say certain upgrades need to be taken down? We love the house and really want it. We plan to live in it for decades. submitted by /u/GizzyIzzy2021 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/175adxi/no_certificate_if_occupancy/

I’ve had my heart set on buying in 2024 for years now, my lease is up in April so my husband and I spoke with the bank about pre approval today. We got flat out denied. For background, he’s a veteran and came home from deployment in April, he’s been waiting for his electrical apprenticeship to put him on a job site so he doesn’t have much income to prove for the last 6 months. I just switched from a W2 to 1099 employer in August, I didn’t realize this would void my proof of income entirely until I’ve been 1099 for two years. Either way the pay increase was too good for me not to take the opportunity. We were planning to use his VA loan combined with my income history to get approved, we both have good credit, but had the sad dose of reality hit today that it’s no longer possible. Is there anyway around this? I know things don’t always go according to plan but Ive worked so hard to get financially stable, support us, and was really hoping to be in a house and getting ready to start a f...

Long story short: wasn’t planning to purchase a house, I rent ($2k+ a month, yikes). Found a home listed on Zillow as a foreclosure listed at $159.9 asking. Brought contractor with me to showing and there’s no structural issues, and could be move in ready (not my personal taste but to each their own). Realtor advising me to just wait for something else because seller won’t do repairs if inspection finds anything. I’m not really that scared about it (blind confidence lol) My question is: it’s a bank owned foreclosure listed for sale, not a traditional online action so I don’t think I will be able to see other offers? I want to offer 10k below asking because I think that’s more in line with what it’s worth, especially with interest rates right now. However, I do want this house!! Lol (It’s not that I don’t trust my realtor, it’s just always good to get other opinions & I think generally she doesn’t like foreclosure homes) Anyone have any recent experiences with this type of fore...

Hello everyone, Recently my brother asked me if i can co-sign with him with her gf for buying a house. I said yes and i provided all the requirements they need to that booker or realtor only through email. Then he (the booker or realtor) replied with my credit info and credit score while he CC my brother’s girlfriend. I wouldn’t mind if my brother was on the CC email but he wasn’t. Is this even legal that the booker shared my personal private information to my brother’s girlfriend? Specially here in California Thank you in advance submitted by /u/SectionLucky650 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/174jb86/it_is_legal_when_someone_share_your_credit_info/

First time home buyers. We signed a contract with a well-known builder in July. Put 10k as Earnest Money down with our contract. Contract had a contingency date of 9/24/24. This was our supposed closing date. In august this was pushed back to “mid-October” due to water and sewer still not being approved for the development. Last Friday we found out it’s been pushed again to “mid November” now because the pump grinder wasn’t supply with enough power per city regulations. We have found issue after issue with craftsmanship and things just done very sloppy. Red mud tracked all over our carpet, trim being very noticeably uneven, warped Sheetrock/trim causing windows to look uneven, workers peeing in toilets months before water was put in, a fox being locked in all weekend peeing and pooping all over newly installed floors, little to no communication about anything going on. We’re ready to pull out. How do we do so and get our 10k back? We’re being told we’re screwed and to forget about it....

Last year I applied for a USDA direct loan and was able to purchase a house with it. Fast forward 13 months and i am now in a relationship and my girlfriend is thinking about moving in with me. Problem is that her income would put me over the income limit. Anyone here have experience with USDA Direct Loans and these types of Situations? What should i do. submitted by /u/LonelyBurritoBandit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/174eu98/usda_direct_loan_partner_moving_in/

I'm exploring the idea of buying 1 acre lot now in good neighborhood with good schools and then build in future(in 3-4 years). Can anyone suggest if this is good idea. I'm willing to build a home over 3500 sqft with 2 levels. currently it's costing around 700k to get 3500 sqft home here in Atlanta in neighborhoods like Cumming and will have commute like 1hr from downtown.. I'm eyeing few nighbourhoods which are not too far from the city closer to highway and houses seems to be very expensive in those locations. I noticed there are few open residential lots available sized 0.5-1 acre ranging from 50k-100k So it a good idea considering costs to build ? Obviously, I would be hiring contractors/builders to build. Or buying an existing home is good ? submitted by /u/kirank127 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/173s8yc/buying_vs_building/

I’m started new recently in Lettings at an estate agent in London. I want to use the next couple of years to learn and build my skill set in the real estate industry and start a business. I’d preferably want to do some more related to commission or a middleman type of structure. Would appreciate any advise from anyone. submitted by /u/DrummerObjective7256 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/173nljm/which_type_of_brokerage_has_the_highest/

Hey all, I’m single in my late 20s working in healthcare. I’m planning on purchasing a place to live next year instead of keep throwing my money into rent. I have the option of either paying cash for a condo; or taking out a 80k-100k mortgage after down payment on a house. With the condo I’m looking at an HOA fee anywhere between 150-200/mo thus puts my monthly obligations to around 320-400 dollars with property tax and insurance. With a house I’m looking at paying 1000 to 1200 per month after mortgage payment, tax and insurance. I’m also pretty handy myself so I could do minor repairs if need be. Which would be the better option? I like the idea of owning a house but I’m not sure if I’d be better off to just own something outright vs taking out a mortgage with the high interest rate and the possible upcoming recession.. thanks! Edit: To add some reference points, the rent in my current market for a comparable 2 bedroom apartment is around 1250-1500/mo. submitted by /u/Not_...

I'm relocating to the US and will be visiting soon to view properties to see whats available in my price range. I contacted an agent and he said immediately that he would need to see proof of funds to setup any showings. I understand this would be necessary when making an offer but is it expected when just viewing properties? I feel very uncomfortable having to reveal such sensitive info to random agents. submitted by /u/Jasper661 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/173lvd3/european_buyer_is_it_normal_in_the_us_to_require/

How many listing agents would walk away from a listing appointment if the seller won’t accept a 6% or 5% (whatever prevailing rate in your market)? I’ve seen research data showing 7 out of 10, would walk away. Goes like this: Mr/Ms Seller I can a, b, c for 6%. Too much? I can do a, b for 5%. Too much? We aren’t a discount brokerage. Best of luck. submitted by /u/TigerKoiDragon [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1732tlb/premium_v_discount_services/

We understood long ago that we would not inherit anything from her estate and have no interest in the property. Is there any reason we shouldn’t sign the quit claim? Are there things we should look for that could backfire on us? submitted by /u/Nana_Suede [link] [comments] source https://www.reddit.com/r/RealEstate/comments/172zl9t/my_mothers_home_was_relinquished_to_the_state/

Hey guys. I have a 2nd property I’m looking to sell that I currently have a 3.5% mortgage rate on. Would you recommend I sell the home in the traditional way, or is there a way to connect with buyers who are interested in mortgage assumptions? Obviously 3.5% is very attractive, but I understand the down payment is much larger due to having to pay the difference between the loan value and the current property value. Happy to provide any additional info if needed. Thanks everyone! submitted by /u/Unfair_Safety6972 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/172ymbk/mortgage_assumption/

My girlfriend and I are in the early stages of looking into potentially buying a house together. We would most likely get married beforehand. Our finances look pretty amazing to me, we've been very lucky, but I'm looking for a sanity check and to make sure I'm not making any mistakes. Thanks in advance. I'm 35, she's 39. Both work in tech. We currently live together in my 900sqft condo. We'd be looking to buy a house in about a year or so. My credit score is about 815, hers is about 800. Combined gross income is about $220k per year. (Her 140k, me 80k). Combined net takehome after taxes, 401k, IRA, etc is $12k. (Her 7k, me 5k. Hers would be about 9k takehome but she contributes the max to her 401k, she's playing catchup a bit). We have zero debt except her car that she would pay off long before we bought a home, and my 140k loan on my condo. No credit card or student loan debt. We have 700k to use for the down payment/improvements. We're thinking ...

The real estate agent told us that (6 months into our rental agreement) that the owner wants to redo all the back patio tiles, which would be a 6 day job. This is due to 4 sunken tiles, that only require additional sand beneath to fix. Is the owner entitled to come and replace the entire patio (we don’t want people in our space for 6 days) because of 4 tiles? I did respond that it’s not “required maintenance” and rather redoing the entire patio whilst we live here, but they demand it’s required to be done? submitted by /u/XofYkaens [link] [comments] source https://www.reddit.com/r/RealEstate/comments/172ufpr/can_they_do_this/

I had a walkthrough for a home inspection yesterday, and we found lead paint around the windowsill of a basement window. There's a picture of the window and sill in the report, and the alligator pattern of the peeling paint is clearly visible--but this is also mentioned nowhere in the report. It is immediately visible as soon as you walk in the room. As part of the home disclosure, the seller attested to no paint on the property. Is this a red flag? No one has lived there for a long time; the house was purchased years ago and then fully renovated in order to be flipped. No evidence of lead anywhere else; I'm honestly more concerned that the lead was left out of the report. Any thoughts or suggestions? submitted by /u/NoMoreMonkeyBrain [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1729c0j/lead_paint_unmentioned_in_inspection/

Hello all, New, beginner investor with a burning question: is it a good deal to have positive , $94, cash flow, but a low CoC at 1.5%? I have found this property but a rule of thumb is "a good deal is between 8-12% CoC" which this property doesn't fit. Should i keep on looking and avoid this one? Cap rate is 5.6% if that makes a diff submitted by /u/AshKG23 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1726wdf/coc_and_cash_flow_question/

Hello everyone. Im curious is it a good idea to buy an apartment on loan and then rent it out,and with money that I gain by renting out an apartment cover a loan. Will read all advices. Thanks. submitted by /u/False-Case-438 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1725io8/buying_an_apartment_on_credit_and_then_rent_it_out/

I need some advice please. I brought my property feb 2021 for £104,000 on a five year fixed term contract (£399.52 pcm) with a £10,400 deposit and paid roughly £10,000 on renovations. Im currently renting the property to a tenant via an estate agent at £650 pcm and get charged 8% management fees. The tenant has enquired whether or not I’d be willing to sell. I have had a couple of valuations estimated between £123k-£128k. Currently my mortgage is set as repayment. Im wondering what people would do in my situation 1) continue to rent 2) sell 3) rent but change the mortgage to interest only. As everyone knows there’s tax, estate agent fees and cost of repairs that play a part in this scenario. However, if i were to sell id be looking to buy into my partner’s property with extensive prenup agreements in place to protect my equity if things did go south. I appreciate Any and all opinions as im quite new to this. Thank you submitted by /u/Comfortable-Tap-4951 [link] [comments] ...

Hi everyone, anyone’s spouse file for bankruptcy? What happened to the mortgage? My ex husband and I are legally separated, so we have no legal debts tied, but are in the middle of finalizing the divorce. however he has his own house and is sitting on my mortgage, which I take responsibility for, and he signed a quit claim deed (not filed), which gets filed when I refinance (written agreement states I have to refinance within 5 years) He just mentioned that he is going to file for bankruptcy, that he can’t afford his mortgage on his house he just bought, etc etc. (again, I pay my mortgage, which his name is on for now till I refinance) Can bankruptcy mean they pull the house from me?? I am up on all my payments with the house, no debt and great credit. submitted by /u/Erunner123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/171zcnh/one_spouse_filed_bankruptcy_what_happens_to_the/