I recently started looking into buying a house and stumbled upon a question that’s been bugging me: Are real estate commissions negotiable? Like, I get that buying a house involves a whole bunch of fees and stuff, but can I actually haggle with the realtor on their cut? I mean, I get it, they’re putting in work to help me find the perfect home and all, but it’s not like I’m swimming in cash here. Every dollar saved counts, you know? I’ve heard some people say they managed to negotiate a lower commission rate, but I’m not sure if that’s just a rare stroke of luck or if it’s something that’s actually doable. Plus, I’m not exactly a pro negotiator myself. So, fellow house hunters and homeowners, spill the beans: Have any of you successfully negotiated your real estate commission? How did you go about it? And for those who tried but failed, any tips on what not to do? I’m all ears (well, eyes, technically) and eager to hear your experiences and advice on this! Let’s crack this commiss

Am interested in purchasing a home with a pending lawsuit in California (current owner is suing developer). House needs minor upgrades. Is this something that could make it hard to get a mortgage or homeowner’s insurance? submitted by /u/aba_95 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cfrcpe/pending_lawsuit_on_home/

Toured a house yesterday that we love! Beautiful 1910 home with high ceilings, good layout, on a half acre, and good lighting. The problem (that in some ways is not a problem; things I like about the idea of all the added storage) is the basement. The home is in a flood zone so it was lifted and the entire first floor is a basement/ shop/ garage. There are 5 “rooms” down there. No doors, but heavy concrete wall divisions. My partner was so excited to see this bc it could be a wood shop for him (something he has dabbled with in the past, but is not a true hobby, so not a must in the house), we’d have a two car garage, and plenty of storage with the different “rooms”. All of which is great, but I felt like I did when I was a kid in a creepy dark hallways down there; it scared me. I know I would be scared to be down there alone even during the day (no windows) and a hell no at night for me. The fact that it has different rooms actually adds to the creep factor for me bc someone could

Closing on 4/30 and title company meeting is earlier in the day, but have been told they’ll pay the homeowners insurance either that day or more likely on 5/1. Should I pay separately and then work on getting refunded? The house will not be occupied that first night and don’t want anything to occur during the 24 hour insurance lapse period submitted by /u/throwaway2019ugh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cf4j9h/home_owners_insurance_possibly_not_paid_until_day/

I purchased a home with my partner in June 2022 right at the top of the housing price bubble in a HCOL metro area just before rates went way up. We have a FHA loan with a 4.625% rate and paid 622k for the house. A few months ago after a nasty argument my partner decided that we were breaking up and she is going to get a lease and refuses to pay her portion of the mortgage. I realize now how stupid it was to buy without being married but we have two small kids that we now coparent and I didn't see this coming. I have looked at comps in my neighborhood and houses bigger than mine are selling for 550k and we owe 592k (Zestimate is currently around 568k). Our home was a model so it does have some upgrades etc but either way it looks like we would be short 10s of thousands to walk away now. I'm stuck and don't know what to do. My partner is fine messing up her credit and tells me to just short sell it as if that isn't something the bank has to approve and will hurt both of

We are under contract to buy a house. The hvac system is 17 years old. It has a leak somewhere, is low on refrigerant and isn’t keeping the house cool. During our inspection, it was called out. So we got an hvac guy to look at it. He said it will be $6,500 just to put in the outlawed R-22 refrigerant, but first he has to find and fix the leak in the coil which would cost at least $2,000. So around $8,500 to fix the 17 yr old system. For about $9,000 the seller can put in a cheap new hvac system. We want the high efficiency middle of the line hvac system for $20,000. We asked seller to pay $14,000 towards new hvac that we can install after we close. Part of why we asked that is the house needs 3 new windows as well. They totally refuse and are only offering us $5,500. Seller said that’s his firm and final offer. And he is refusing to fix anything else. We asked him to uncover the weep holes in the brick that someone he hired stupidly filled in. We feel jipped by this seller because $5,

I periodically write a message like this on some form of social media or other, be it Facebook, an online forum I'm active on, or even to random people I meet if the topic comes up. Today, it's Reddit's turn. --- TL; DR; You need a really really good buyer's agent. Don't skip the details in this post. If you're a first time home buyer, you'll regret not paying attention. --- If you're a first time home buyer, or a first time home seller for that matter, then you need to understand the difference between a good realtor and a bad realtor. I'm going to focus on this from the perspective of the home buyer, since you generally have to buy a home before you can sell a home, but I think this will be important to sellers too. Credentials: Why would you listen to me? I bought my first home in 1995, and made some of the mistakes I'll be talking about. In 2002, I sold that home and bought a new one - and did a little better but still screwed up. In

submitted by /u/InevitableBiscotti38 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cdgqd7/seller_agents_claiming_to_have_contacted_the/

First time posting and reading this subreddit, so I apologize to everyone if this has been covered ad nauseam. I am 30yrs old single/no kids and live in a high COLA in northern VA. I am looking at options to purchase my first home, and I have come across FHA loans and the conventional route. I do not have enough to cover a 20% down payment for the houses in the area for a conventional purchase. My debt-to-income ratio is under 35%. Credit score is around 756 and 100% payment history. I have been skeptical of purchasing because my income does have a fair portion that is variable, so I’d likely feel more comfortable having renters to help supplement unless things change to a dual income household in the future. My question is whether an FHA loan or even conventional loan could make sense for me? Any guidance would be greatly appreciated. submitted by /u/Curious613 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cdg1n9/first_time_home_purchase/

submitted by /u/Elish_584 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cdfb25/high_end_newly_built_4_bedroom_maisonettes_all/

Bought a coop on long island new york. Purchase price was 265k i borrowed 165 k at 7.6%. I just did a 80k renovation full gut and now i estimate it’s worth 380-400k. The mortgage is 1300 dollars a month with 110$ going to principal is makes me sick to my stomach.This is a first home purchase but chase gave me conventional. I need advice because i’m bleeding cash renovations are payed for and down payment was ruffly 96k. Someone please tell means ideas. submitted by /u/MonkPotential8698 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cck9iz/need_some_advice_on_refinance_or_how_to_get_some/

Buyer puts into the accepted purchasing contract “home inspections for information purposes only” with a 7 day contingency. Buyer now asking for repairs that are not related to appraisal required or well/septic and we already have a clear certificate for moisture and termite done days before the inspection. These are the 3 things that would justify, per our contract, having to pay up to a percentage of the price for repairs? Is the buyer able to walk away with their earnest deposit if we say no to the repairs? Also when does the 7 day window close - at time of ratification, end of business day, or before midnight on day 7? Just curious because the asking for repairs wasn’t the only thing the buyer is now asking us to fork over. submitted by /u/AdAshamed4470 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cck5z5/requesting_repairs_with_inspection_for/

This might be kind of long, but I have a lot of thoughts about this situation, and my realtor has not been very much help at all. For some context on our situation and the driving force of my stress on this: The loan for the new home we are purchasing is contingent on the sale of our current home. My wife is receiving a physicians loan for her residency. We found out in March and she starts in June. I don't have a job lined up in the new city yet, so our loan is dependent on the sale of our current home. We are also currently under contract to purchase a home in the new city. This is in Missouri if that helps as well. We listed our house at the end of last month on a Friday. By Saturday, we had an offer and took it immediately. Our listing price was $184,900 (I wanted to list at $190k, and the realtor talked me down.) The offer we received was for $190k but with a $5,700 seller's concession. We were okay with that. Then the inspection and appraisal came. First of all, the a

This is the first time I'm selling a house. My realtor told me that our house appraised for $2,000 under the contract price, but he's trying to see if he can get it to appraise at the contract price. I haven't talked to any other realtor about that, but everyone I've talked to that has sold multiple homes has no idea what that means and have told me it sounds fishy. What does that even mean and what does that even entail? submitted by /u/Thrustinn [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cbuktg/what_does_it_mean_to_try_to_get_the_appraisal_up/

Let’s say two people are deeded a triplex house, non married just friends, for these purposes say it’s an inheritance from an elderly friend who want them to have it equally when they die. Let’s say person A on the deed lives in one side and starts renting the other two units out. How does one make sure that person B is compensated fairly (50%). They don’t live there and aren’t collecting the rent. Are we trusting person A to do the right thing? What if they don’t? submitted by /u/vengeful_donkey [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cbsl06/if_two_people_own_a_house/

Hey guys! I've lived in Raleigh for about 2 years and my mother and I have just signed the contract to purchase a home in Raleigh at 407K. The house was in the 370-390 range for asking(i'm masking this for anonyminity) but my mother fell in love with it, there with multiple other offers, so we went in aggressively + wrote the sappy letter + did the due diligence fee (NC specific thing if you're unsure of what this is). ​ The house is kind of small - 1485 square feet, but has a couple things that are nice. It has a nice pool, a decently large outside deck, solar power, and a tesla power battery bank. It has 0.69 acres of land and no HOA so we're going to put a fence around the back of the property to make it more livable and safe for our dog. The neighorhood is very calm and quiet, it is relatively close to the highway to get to downtown Raleigh but doesn't have sound of traffic due to being on a long cul de sac type road and further embedded in it. The house has

I am trying to buy something on a contingency and time is running out (wasn't given much time.) House has been on the market for a month and have had a lot of showings, but only 2 offers. One was a big lowball. This most recent one initially said they had conventional financing, but changed it to FHA. I'm concerned about the repairs needed and passing inspection. Contract (i haven't signed yet) states that I'm only responsible for $500 of the FHA requires repairs, but I'm worried that buyers are trying to "trap" me into a situation because they know I'm on a contingency. I'm sure they will find more than $500 worth of repairs. I don't want to lose the house I'm trying to buy. Only have 3 weeks left to get under contract with someone else if I don't accept this. Advice? submitted by /u/DogNo2145 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cb1mn4/selling_with_some_repairs_neededaccept_fha_offer/

My wife (32F) and I (31M) own full equity in our home (worth around 600K EUR) as we recently just finished paying off our mortgage early. We are now considering buying our next home over the next few years. We are trying to decide between buying an old house for around 1-1.2m EUR and fixing it up (most require a total renovation, possibly even a rebuild), versus buying a home between 1.4-1.5m EUR which will be ready to move into. Some financial stats. We earn 145k EUR jointly. We have no outstanding debt and live in a country with free healthcare. We have private pension plans setup and will be sending our son to private school at a cost of around 10k EUR per year in around 2 years. A home loan here would be at a variable rate of anywhere between 3.2 - 4% interest. According to home loan calculators from banks in our area, we can borrow up to 1m EUR over a 30 year term. 1 - Buy an old home which requires renovation for around 1.2m EUR. Keep our existing home to live in while renova

I recently came across this type of renovation loan after a pretty desperate attempt to fix some major issues with a house I just bought but can’t afford repairs out of pocket. The HUD listings page is so out of date that most of the companies listed are no longer in business. Any leads on a lender in Texas (or that serves Texas residents)? submitted by /u/Inner_Programmer6520 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cazuea/any_title_i_or_choicereno_lenders_in_tx/

We are going to go look at a cabin on about 50 acres in the driftless region, and it is apparent that the previous owner used it for hunting and are using that as a major draw in the listing. We don’t hunt, nor do we plan to but we are more interested in the property for the acreage, seclusion, and proximity to where we live. We’ve bought and sold multiple homes over the years, but this will be the first cabin/vacation property if you will. This may seem like a dumb question since we are not really familiar with hunting/hunting land, but is there anything we should “consider” when looking at property that has been used as hunting land? submitted by /u/asics4381 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ca75bd/buying_a_cabin_on_acreage_that_has_been_primarily/

My family is looking for a home in a city that has super low inventory. The houses on market are either too small or not our style. We only want to move to this particular city and even within that city there is a premiere area and a ok area - we’d obviously prefer to have a home in premiere area.. What can we do when nothing is on market .. but we need to buy soon .. don’t want to move further out bc kids have established friends school community and no house is worth breaking that up… also don’t want to sacrifice on what we buy bc we have worked hard to get here and waited a long time submitted by /u/Asleep_Cartoonist231 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ca4dzf/opinions_wanted/

Basically did a Google/Reddit search and didn’t see a whole lot of this topic, so I just wanted to post it for others that might have the same scenario. We have an offer accepted on a house and in the last week we have done a very thorough inspection, rented a storage unit in preparation for showing our house, and have packed up perhaps a fifth of our home already with the plan to list our home in a few days, five days under our deadline to list (we did all of this within the last 6 days). Tonight after a day of hard labor, we looked at our realtor app (quick/easy way to access house details) and saw that not only was the house not listed as contingent anymore, but there was an open house tomorrow. Come to find out after a hasty response from our realtor that the app just must not show the house is contingent if there’s an open house. In details that don’t show in the app, our house is still contingent but the open house is still happening. It’s so frustrating - we are exceptionally

I’m dreaming about buying a lot in Ouray-Telluride area where some day I might build myself a house. There seem to be a lot of lots being on sale in this golf club. Is there anyone here that’s if from the area that might have some more information? submitted by /u/bobazso [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c8ok5x/divide_ranch_and_golf_club_lots/

I used to be an agent and saw all kinds of living spaces. There is one house that still bugs me. The owner was a nice older guy and very cheap. So I went to see the house for inspection and to make a contract. I stepped in and saw the ultimate DIY I had ever seen. All rooms had different floors and roof materials, and uneven levels. Walls were curvy. Some rooms didn’t have a heating system. The pipe distribution was in the middle of the entry because of a layout change. The layout still ended up being unfunctional and odd. Bathrooms were one step higher than the main floor. The kitchen was built against three walls that didn’t make sense, and cabinet combinations didn’t match each other. I looked at the house with an unrealistic fear. That was not the worst. The owner was so proud that he had made it nice and renovated from floor to top. Indeed. I had to use all my professional skills and lie to him that since he had made renovations and changed layouts, it needed a professional insp

So, I've got this weird thing going on with heights. Every time I even think about being up high, my heart starts racing like it's prepping for a marathon. It's not like I'm going to go base jumping or anything, but even standing on a chair gives me the heebie-jeebies. I know it's irrational, but it's messing with my life. Friends are all about rooftop hangouts and hiking, and I'm over here sweating buckets just thinking about it. Any advice on how to conquer this fear? I'm tired of missing out on stuff because of this irrational panic. Maybe some of you have been in the same boat and can toss me a life vest here. Appreciate any tips or tricks you've got. submitted by /u/Native-Unaccble402 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c7u0l6/investment/

Hello! We are looking to purchase a house in rural Colorado with a USDA loan. We are approved for $130k so our options are limited. The places we like are scattered pretty far from each other. I figured an agent isn’t going to want to travel all over the state to check out houses. I was wondering if we should just work with the realtor selling the house? We really just want to get out of renting apartments. At these prices we dont care to get a better price or anything. Thank you for your advice! submitted by /u/Mix1904 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c7kxbd/do_we_really_need_a_real_estate_agent_to_purchase/

Is there a way to quickly sell a home you're in the process of purchasing? We purchased it after seeing it online and it's a horrible fit for our family. The sellers won't release us from the purchase contract, so I don't know what else to do. submitted by /u/Wvgal5 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c7r41y/buying_a_house_we_dont_want/

submitted by /u/Ok_Cow_8235 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c6vxty/hi_everyone_im_a_new_agent_and_my_client_would/

Hello Everyone! I have an underwriting concern, I may just be overthinking. My grandfather has a loan on a car. I am NOT associated with the loan co-signed, etc. However, because he does not know how to work a computer LOL, I set up the online bank payment for him. I had the monthly payment drafting out of my account every month. To reiterate, my name is not on the loan, car title, etc. Simply was paying it for him and he was giving me the money reimbursing, to help him out. Will the underwriters look at this as an undisclosed debt? Should I be worried am I overthinking? Should I tell my LO? Thank you! submitted by /u/anybalancesod81 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c67xek/underwriting_concern/

I seller financed a carry back loan in 2021 for a business building with a balloon payment in dec of last year of 500k. They are asking for an extension of 2 years blaming the market, I was really counting on that money and learned the hard way of seller financing. I told them no and not accepting any payments. I did try to negotiate penalties with a higher monthly payment that wouldn't go towards principle. What are my options? I feel taken advantage as I suggested they price the building to sell like what I did and are holding out for a higher sell. submitted by /u/Ok_Zookeepergame8553 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c5xp58/balloon_payment_issues/

Hello, Will be selling a property later this year. For reference the market there is not a hot sellers market. Maybe slightly towards the seller but pretty much balanced. Tenant lease ends August and I assume after cleaning, make ready, painting, staging etc it would be September when it lists. My question is that is it worth offering some benefits to the tenant to move a month or two earlier so the home can list during summer months? submitted by /u/Emergency-Food-123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c64b5n/is_it_worth_timing_the_month_to_sell/

Hopefully this post isn’t too long but here is the cliff notes of our situation. My wife and I just met with the notary tonight to sign off the final closing paperwork on the townhouse we are buying in CA. During the signing she mentioned that when she met with the seller at the home this past weekend it looked like she hadn’t packed a single thing even though she is supposed to be out on the 17th. Then when we were finishing up with signing the paperwork our real estate agent showed up and told us that the seller all of sudden wants more time to move out. Apparently she still doesn’t have a place to move to and the stupid woman has 2 children. This entire thing threw a massive wrench into our plans since we had movers scheduled for Saturday and we told our apartment we were moving out by the end of the month but now we are stuck for at least another week which is going to cost us money. We are still closing on Wednesday so that we don’t lose our insanely low rate of 5.75% (long stor

As title asks. Any info would be greatly appreciated :) What is the personal dynamic with your PA? Are you friendly or strictly professional? ​ ​ submitted by /u/crumpet-11 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c59b4v/sales_agents_who_have_pas_personal_assistants/

Really curious. Do real estate companies and agents need a design subscription agency? and are they struggling with finding good designers ​ submitted by /u/Upstairs_Solution125 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c4hvdy/do_real_estate_companies_and_agents_need_this/

I have 700,000 dollars and I wanna buy real estate. I never wanna have to work for someone ever again. I already have a lot of money. It’s invested and it has interest. And then I’m making money from my property. I was in Florida and I went to this resort that has manufactured homes for 50,000 and one was 80,000. I just really never wanna work for someone ever again. I’m just giving a number but I can live off both. Thanks. submitted by /u/Key_Wash_44 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c4gsb2/can_i_realistically_never_have_to_work_for_a_boss/

I'm trying to gauge if the condo's financials are a deal breaker. I'm in the process of doing my due diligences on an nyc condo. As I'm reviewing the financials I see that they were operating loss of 200k for 2022. Their income was 800k but incurred 1M in expenses. The two drivers are 90k in bad debt and roughly 100k extra in repairs compared 2021 and 2020. The last time they increased the monthly maintenance was 2019 by 200 a month. The two years prior to this they were operating at a small loss (1k-10k). They haven't closed the books on 2023 but they're budgeting an income of 80k for 2024. submitted by /u/DareSignal5994 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c4fock/condo_operating_deficit/

We are in the processing of doing an agreement of sale for a FSBO. They would like a closing about 5-moths out so the place they are moving to is ready. We have been fine with that. The inspection has shown some areas of concern. The roof is near the end of it's life (we kind of knew that) but there has been storm damage that needs to be repaired ASAP to make sure there is no water intrusion. Seller said they will pay for that. There is also a couple places that there is rotted wood. We would like to suggest getting an earlier closing and having them "rent back" so that we can actually replace the roof properly and do some other needed exterior maintenance things. We are in a place we can be in for 6+ month so we are not in a hurry to move, just to get some maintenance done. submitted by /u/winkleftcenter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c3tcum/buying_a_house_and_considering_offering_a_rent/

Proposed Price: $4.05M which includes the following: two separate lots, two deeds and will go over the complexity issues what I had to go though. There are two deeds and two different lots. (a)1 Main House/ Estate [7 Bed, 11.5 Bath, 7,000sqft, 12 acres cleared with trees on the lot lines only] (b) 1 Barn 20,000sqft need TLC (c) 1 Care Taker's Apartment [4 apartments, 3bed 2 baths ~1,800sqft each unit, followed by 9 .2acres. This one is farm assessed] (d) 1 Airplane hanger 15,000sqft with 10,2acres of landing strip Process of viewing the home was somewhat simple at first; had to submit a formal inquiry with supporting documents such as pre-approval and or (POF). After it was accepted it, I was granted with permission to view the property and items a, b, and d . Second showings are the item b , the caretakers house which was scheduled after you saw the main property basically. I started the preliminary talks saying I was interested to sellers lawyers directly. We had permis

Paying premium to assume FHA 2.5 percent 450k mortgage for 600k property, need help with calculating apr after PMI. thanks Would like to know effective apr after 300 a month MIP. I'm getting cold feet on deal, paying 30 to 40k premium, but with such a low rate, along with inflation rising, I think it's worth it. thanks submitted by /u/sythernod01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c2z7u9/paying_premium_to_assume_fha_25_percent_450k/

Hello, First time seller here. I'm selling a property in a market that is not too competitive (aka not a sellers market). Picking between redfin agent who I'm met and have consulted with for a while versus a traditional agent that someone has recommended. Commission is 4 vs 6 percent which is about 9k in difference for my property. I do feel that the redfin agent is less motivated for my business, which makes sense since they are salary based. My question is in a lukewarm market, should I go for the traditional agent who is more motivated to sell my place/get me a deal? Would difference in agent affect the sale price enough to justify the fees? Also, when interviewing agents, Is it normal to ask them how much they would list it as and things like that? Or they will only tell you after you contract them. submitted by /u/Emergency-Food-123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c2x0ya/redfin_vs_traditional_for_listing_in_not_too/

I’ve been eyeing this house by freeway. It started at 1.7m and now down to 1.4m. I noticed they tried to rent it out and no one wanted it after 2 months (for 7k / m rent). The location is perfect for me and house plan. I was thinking of offering 1.2m How bad of an investment would This be since no one even wanted to rent it for 2 months (In a desirable area). This isn’t. A forever home for me. Just a 1-5 year and then Hope to rent it out / sell it it has increased in value? submitted by /u/valleygirl2023 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c22k7k/i_can_only_afford_house_by_freeway/

I've recently learned that Jeff bezos and other wealthy people completely avoid income tax. Corporation tax I understand but income tax seems impossible to avoid. submitted by /u/NoIncome5744 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c22gfk/billionaires_dont_pay_income_tax_but_if_they/

Thinking about getting into real estate investing? Here's my two cents on how to dive into the game without drowning in confusion: First off, educate yourself like it's your job (because it kinda is). There are tons of resources out there, from books to podcasts to online courses. Figure out your learning style and absorb as much info as you can. Next, start small. Don't go dropping your life savings on a mansion right out of the gate. Look into options like rental properties or house hacking to dip your toes in and minimize risk. Networking is key. Connect with other investors, join real estate investment groups, attend meetups – basically, get yourself out there. You never know what opportunities might come your way through a casual conversation. submitted by /u/President_Safe246 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c18606/how_to_invest_in_real_estates/

Thinking about getting into real estate investing? Here's my two cents on how to dive into the game without drowning in confusion: First off, educate yourself like it's your job (because it kinda is). There are tons of resources out there, from books to podcasts to online courses. Figure out your learning style and absorb as much info as you can. Next, start small. Don't go dropping your life savings on a mansion right out of the gate. Look into options like rental properties or house hacking to dip your toes in and minimize risk. Networking is key. Connect with other investors, join real estate investment groups, attend meetups – basically, get yourself out there. You never know what opportunities might come your way through a casual conversation. submitted by /u/President_Safe246 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c18600/how_to_invest_in_real_estates/

We are looking at building a home that requires a one time close construction loan and we would move in January or February. I would probably then go refinance to an arm with a credit union. I know a prediction is a total guess but I’m running numbers and curious what the fixed rate will likely be early next year. Right now my credit union is at 5.7 for an arm. Will it likely be in the 4s at that point? Will it still be worth doing an arm for another year or so early next year? submitted by /u/ElectricalAir7022 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c0ia2s/mortgage_prediction_help/

I just got an inspection today and the inspector told me with his polarized glasses that he can tell that two large windows have had their seal at least partially damaged due to pink hues in the window. I know the builder is going to push back on this, but the inspector was a custom home builder for 20 years and has no reason to lie about this. How can I ensure that the builder replaces these windows? Is there a window expert I can call out to test this type of thing? submitted by /u/eightkangaroos [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1c0f6vl/window_seals_broken_on_new_home_build/

Do I have to sign a buyer-broker agreement in Illinois if I want to look at a house? Can the agent be fined if they shown me a house without me signing an agreement that said they would be my agent for that house and that house only? I went to look at a house 1hr n 15min from me. The agent called to confirm but never mentioned me signing anything until I made the long drive. I was pissed and she declined to show me the house cause I wouldnt sign. She told me that I HAD to sign it in order for her to show me the house. If this is true then she should have told me before I wasted almost 3 hours. submitted by /u/ComfortableSquirrel4 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bzmhjh/brokerbuyer_agreement_in_illinois/

Myself and my (never married) expartner own a home together. We split up 8 months ago. We agreed to terms and a private settlement and agreement for me to take over the house. My ex is growing increasingly less patient and wants her name off of things. Chase bank owns our mortgage and I initiated the assumption process in September. They have been giving me the absolute run around, 30 day processing between each round of paperwork, pulled my credit twice, received bank account and all financial information 5 times. It seems, between income, savings, and investments I should more than qualify. They gave me hard figures on closing costs and fees if I did qualify, leading me to believe there was some hope. I’m sick of being at their mercy and having this hanging over my head. Couple questions: Is there any way they’ll eventually approve it? Can I do anything to speed them up? Is there any additional information I should volunteer to increase my chances? Any advice? submitted by

As a foreigner with no credit score planning to move in the US, what's the best way to approach getting a mortgage for a house? What kind of percentage should I expect? submitted by /u/111_111_111_111 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bytmii/buying_real_estate_in_the_us_as_a_nonresident/

Just a PSA, which our realtor didn't tell us about: Once you've purchased a property, you can have the sellers real estate agent take down all of the pictures from the various online sites (zillow, redfin, etc) submitted by /u/wGUFwd80elWxUDHP [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bytam9/you_can_remove_pictures_from_online_listings/

I’ve had horrible experiences with our own cat before she had to go live somewhere else. Her accidents caused us over ten grand worth of damage as we had to replace the carpet, waterproof vinyl planks and sub floor and even some baseboards. I know this was an extreme case but it left me terrified of cat urine damage and the smell. We found the perfect home. It marks every single check box but they have multiple cats and both viewings they had every window open and many air fresheners. Could they just be wanting to cover up the cat smell and litter in general? We put an offer down and they’re going to accept. I plan to request the leave the windows shut and don’t have any scents going during the inspection and being present to look for any real damage. Is there anything else I can do to check for cat urine or permanent cat damage that won’t leave with them once they move the animals out? We will also be requesting a deep clean and professional carpet clean. I’m trying to balance pr

I have a completely different take than all the discussions I see out there. This DOJ action (with direct pressure from the white house)... isn't...really...about...the commissions. Someone is pushing this. Follow the money. Commissions are just the distraction - watch the other hand. There are billions to be made by mainly 2 companies that will benefit from this in the long-term. Does anyone think the plaintiffs cared about anything other than their attorney fees and a couple bucks or a coupon for the class members? I believe the extensive industry-changing settlement terms were written by NAR (not the Plaintiffs) and 100% done in an attempt to placate DOJ just enough to not object to the settlement, like they did in Nosalek. I've been thinking it was Zillow, but now I think CoStar. The real play here isn't about moving the deck chairs around about commission, it's not about saving sellers money, it's not even about reducing commission, and it's not being do

I am purchasing a four-plex in Texas that has all 4 units leased out through July. Three of the units are extending their lease and are renewing for a year, all of which I have been given copies of. However, one unit is not extending and it was pre-leased to a new tenant, so it would be completely leased out through July 2025. Sounds great...right?? However I am buying this so that I can live here and I am using a VA loan. How can I cancel or not honor the pre-lease so that I can live in the 4th unit as required by the VA? I am aware that Texas law states that all leases are honored, but this one is tricky since they are not living there yet. I can't find anything on the Google about a pre-lease having to be honored. The "pre-lease" is written up as a lease I'm just calling it a pre-lease for lack of a better term. Thanks! submitted by /u/Charming-Ad-6685 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bxz3m6/do_i_have_to_honor_a_p

3 homes in question: 2 investment properties + 1 main residential home. I’m only on the title for 1 of them, remaining 2 I share payment for mortgage /bills etc. How would this be divided? Would a regular divorce attorney be able to go through this or would it be best to consult a real estate lawyer? submitted by /u/InvincibleSummer_S [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bxy1h8/ca_divorce_real_estate_lawyer/

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My realtor has been pretty disappointing but I’m locked in an exclusive contract with them for 5 more months. In Washington state. There is nothing in the contract that says I can break it, but I have read online that all I have to do is write an email notifying termination. Is that true? Or am I locked until it expires because nothing in the contract mentions early termination? submitted by /u/PlatinumMode [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bx4t3e/any_way_out_of_buyer_agent_contract_in_wa/

I have some questions about an investment, which I want to make. I can buy a studio with 60k (including the acquisition price+furniture +all the others costs). I can do that using 5k from my pocket and the rest I can borrow; to borrow I have more options: 1. 0 downpaiment (and I bring as guarantee an other property I have) and for the rest I can take a mortgage and here I have also 2 options: a. interest fixed for 3 years - 7.9 and after that it’s variable (an variable parameter “x”+3.4) for 27 years b. variabile - “x”+2.4 for 30 years; “x” changes every quarter and now it is 5.9 2. 25% downpaiment and for the rest a mortgage with the same options I mentioned above: a. interest fixed for 3 years - 7.9 and after that it’s variable (an variable parameter “x”+3.4) for 27 years b. variabile - “x”+2.4 for 30 years; “x” changes every quarter and now it is 5.9 Now I have the 5k, but if I have to put 25% down, then I have to wait to save the money. If I put 0 downpaiment, I will have negativ

Weird question, I want to live in a van/Rv, So I want to buy some property, put an Rv there, and live there until I can afford a house. My question is, can I put a mailbox there, and can I count it as my “residence” meaning I have an official residence for tax purposes, receiving mail, ect. submitted by /u/Mynamessonny [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bwbl7o/property_van_life_help/

Thinking about diving into the world of real estate investment, but I can't decide between the tried-and-true traditional rental properties or exploring the potentially lucrative realm of Airbnb rentals. I've heard pros and cons for both, but I'm still torn. Traditional rentals seem stable, but Airbnb rentals offer flexibility and potentially higher returns. Anyone have experience with either? What's been your experience? Any tips or insights? TIA! submitted by /u/AdventurosGift5975 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bvg0pe/should_i_invest_in_traditional_rental_properties/

Been thinking about diving into this rent-to-own thing for a while now, and I gotta say, I'm kind of on the fence about it. On one hand, it sounds like a pretty sweet deal - you get to live in the place while slowly working towards owning it, right? But then, I've heard horror stories about hidden fees, crazy interest rates, and all that jazz. Anyone out there got some real-life experience with this? Like, did it work out well for you, or did you end up regretting it big time? I'm all ears for your stories, good or bad. And if you've got any tips or things to watch out for, I'd definitely appreciate the heads up. I'm just trying to weigh my options here and figure out if it's worth taking the plunge. Renting's cool and all, but there's something appealing about the idea of owning my own place someday. submitted by /u/Plenty-Reerence59 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bulu9l/can_anyone_share_their_e