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Showing posts from May, 2024

Questions for agents/brokers

Not sure if this is allowed here as I’m sure I made this post yesterday and can’t find it now. Is it necessary to hire a photographer to sell a house? How do you go about finding one locally? Do you notice a difference when using one? And what’s the average that you pay them? Thanks in advance. submitted by /u/Briskeycrooks64 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cu0tas/questions_for_agentsbrokers/

Energy-Efficient Property | Best Features - Property List Hub

Investing in an energy-efficient property and creating energy-saving improvements to your home reduces your carbon footprint and provides long-term savings on your energy bills. Nigerian homes require a lot of energy to operate electrical appliances. Inadequate power generation and distribution is, however, a major constraint to achieving this energy requirement; hence households resort to other sources of energy, which at times may need to be more environmentally and economically sustainable. In recent years, the issue of energy efficiency has become increasingly important as individuals and organizations seek to reduce their carbon footprint and lower their energy costs. This led to a growing demand for properties designed to be energy efficient, particularly in fast-growing cities like Lagos. As a result, potential homeowners and investors need to understand the key features to look for when searching for energy-efficient properties in Lagos, Nigeria. Here are the 5 key featur

Should I give up my house?

If anyone could give me some advice regarding whether to pursue my mortgage for a house and lot in Ph, currently no one is living in the house. Lived there less than a year and probably we wouldn’t be able to live there for good because Im currently living with my foreign husband in other country… I was thinking if its better to buy a condo unit? Or just put my house for rent or Airbnb? So at least it will generate money atleast half of the monthly payment. submitted by /u/Traditional-Mine-196 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ctyp16/should_i_give_up_my_house/

Sign TDS before or after home inspection

I am a very curious buyer seeking knowledge from you all. I am a buyer and received a TDS from the seller on Tuesday that is “due” Thursday. I have a home inspection on Friday. The seller disclosed seven broken roof tiles. I am wondering if I should wait until after the home inspection and in-person follow up to sign the TDS, Or, wait for the report in writing the following Monday; Or, sign immediately before the home inspection? And if you could please explain why. Thank you!!! submitted by /u/Licentium [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ct6zqh/sign_tds_before_or_after_home_inspection/

Zillow aaarrhg!

Help! As in an actual help menu, Zillow, so I didn't have to google everything I'm trying to figure out! As in: -Can I upload photos to my home if it's not listed? The photos are some blurry yellow ones from somewhere. Zillow says that one of the ways they calculate the zestimate is to use the photos, and mine are awful. -Why can't I figure out a way to edit the description if it's not listed? I did it only two months ago (March '24). -My satellite photo is incorrect, but not on any of the map apps. I can't figure out a way to edit it. I've asked Zillow three times to fix it. submitted by /u/FunMousse8127 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1csg3vx/zillow_aaarrhg/

City Center Apartments - Property List Hub

City center apartments are frequently considered the greatest buy-to-lets, City center apartments are frequently considered the greatest buy-to-lets, but are they still a wise investment? Here, we’ll examine the benefits and drawbacks of this specific property type. Why City Center Apartments (Can’t) Make Great Investments Here are the primary factors that have contributed to new city center flats making excellent buy-to-let investments over time: Are City Center Apartments Still The Best Btl Investments In 2023? 8 City center apartments are frequently affordable. Apartments in metropolitan areas are frequently less expensive per square foot than comparable homes in suburban areas. Apartments in the city center frequently have high letting yields. Even though city apartments frequently have higher rentals than suburban homes, the yields can still be higher. Those that prefer to live in urban areas and have easy access to public transportation , as opposed to commuting,

Selling but running into a problem with agent's strategy suggestion

On the west coast, 600sqft condo 4 yr old. Local market is pretty dead, influx of new listing but little to no buyers. My place listed for 6 months and got zero offers. Though, I would say it was only priced correctly for the past 3 months. Our current asking price is the same as the identical unit above that was sold 2 years ago at the previous bottom. Agent is aware their contract is expiring in 2 weeks. Suggested to list an absurdly low price by $25000 below current asking price in hopes to drive bids. Not sure how i feel about driving bids in a dead market where we didnt get a single offer for 6 months. I can already foresee them pressuring and me potentially giving into the temptation of getting rid of a headache and selling lower than my current bottom line. Since day one agent has been pushing this strategy on me saying its the fastest way. Ive alway been reluctant and skeptical of showing my cards and leaving traces of prices on MLS history. Seems like a lazy way for agent t

Applying without inspecting?

Hi Everyone! i have a question if anyone can answer or give me some guidance. for starters, first time moving out of home, i’m looking for a rental property in a city that i’m not currently living in (a fair few hours away) is there a chance of getting a rental without inspecting it first? i mean obviously if we get a call to meet ill take the time off work to go, but im not exactly in the position to go to every single inspection before applying. pretty much, am i wasting my time? do i even have a chance? thank you!! submitted by /u/frankiehort [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1crnpwj/applying_without_inspecting/

1031 exchange question

Hi all, I’ll try to make it as short as possible. My parents have a rental property (single family home) with a FMV of ~ $800K. The property is fully paid for and their basis is extremely low. They would like to exchange it into a property that’s more expensive say ~ $1.2M - $1.4M. Can they contribute the $800K sales proceed into this replacement property, and I take out a mortgage for the remaining balance so I become a 1/3 owner of this rental property? A few follow up questions: - how much does an intermediary charge? to identify 3 properties in 45 days with the surety or confidence to beat out the bidding process & to close sounds difficult… any tips will be greatly appreciated. can I live in it and pay my parents rent so that on paper it’s still a rental property (like-kind)? What’s my tax implication if I am the rental and also the partial owner? Thank you so much for your time in advance! submitted by /u/c24289416 [link] [comments] source https://www.

A few questions

Hello I have a legal question: I’m 20 currently living with my parent I have good credit I was wondering the legality of getting money from my friends and then buying a house (Downpayment) and mortgage it Will they deny me if they see I don’t make enough I planned on the friends moving in immediately and helping with the mortgage They do not have credit submitted by /u/Wonderful-Store-6118 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1crms89/a_few_questions/

Digital Cycle Social Media Market PLace

With BuyKar.com by your side, selling your house has never been easier! Trust us to take care of all the advertising and promotional aspects while providing exceptional customer service throughout the process. submitted by /u/Temporary_Buy9991 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cqsz82/digital_cycle_social_media_market_place/

Why does every buyer need to pay for an inspection and even then only after an offer is made and accepted with a contingency? If I pay for an inspection and don't buy it, can I sell that inspection report to other potential buyers?

Title. Why are we paying home inspectors to inspect the same home. Why can't we use a relatively recent report before deciding if we are willing to waive an inspection contingency. submitted by /u/traderftw [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cq2qd2/why_does_every_buyer_need_to_pay_for_an/

Is this a smart move?

Background Location: Orange County, California Household Income: $200K Homeowner: Yes Home Type: SFR Mortgage: $1,050,000 Mortgage Rate: 2.7% Equity: $650,000 The Dilemma My wife and I are thinking about selling our home in this market (yes I know kind of crazy) because we have a future goal of moving back to the San Francisco Bay Area. The game plan we had until we eventually back up there is to downgrade our SFR to a more affordable condominium or townhouse located in Irvine, CA. The reason we are not confident in renting the SFR is because most of the house has been renovated with very expensive materials from Europe so renting out such a place seems like a huge maintenance nightmare. We are targeting places in the $800K-$850K price range where I would use the remaining equity of roughly $600,000 (equity - sellers agent fee of 3% only by July - mortgage loan) as a down payment and leaving us with a roughly $200,000 mortgage loan at 6%-7% at today's rates with a 15 yea

Withdrew our offer within the due diligence period. When do we get our earnest money back?

Like the title says. We put an offer in on a house. Went to inspection. Seller agreed to extend the due diligence period by a day for additional inspections. We later withdrew our offer within the newly extended due diligence period. No word on our earnest money from the realtor. It's now been two weeks. What's the expectation here? We are bound to work with this realtor for the next several months. Is she assuming they hold the EM in the event we buy next month? Should they have returned the EM as soon as the deal fell through? TIA submitted by /u/avalancheeffect [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cpfap6/withdrew_our_offer_within_the_due_diligence/

Making extra monthly payment on principal VS saving cash and paying off mortgage all at once years later

Is there a difference between making say, an extra $1000 monthly payment on the principal of a home mortgage. Opposed to keeping all that cash on hand for years until you have enough to pay off the entire mortgage at once? And yes I am aware of PMI and the 20%. I know making the extra payment does not lower the monthly mortgage, but does it reduce the amount of interest payment taken out of the mortgage each month? And if so, is it technically better to spend all available cash on principal payments as quickly as possible? Obviously keeping what you need for bills and cost of living. submitted by /u/g7s92k [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cpea2i/making_extra_monthly_payment_on_principal_vs/

Sell current house or build an addition

Backround my house currently is a 3 bed / 2 bath bungalow. In a large popular suburb. I don’t love the neighborhood (it’s safe I’ve just been in this suburb my entire life) but I love my neighbors (the one side are old family friends) I have a great huge backyard. I have two kids one who lives at college and the second will be going to live on campus somewhere next school year, so the school district doesn’t matter to us. We bought this house 7 yrs ago and took the entire thing down to the studs (new plumbing/electrical) and made everything inside new. The outside needs siding and a roof which we are planning on doing this summer. We owe very little on our house in terms of mortgage and have a ridiculously low interest rate. The biggest problem is we have no dining room. In my kitchen I can only fit a two seater table, it’s small and a problem. I would like at minimum to gain a family room and dining room either by moving or adding on to our existing house. If we added on we would ne

Be patient or make it a rental?

We listed our house for sale 7 days ago (Southeastern part of South Carolina). We’ve had five showings and no offers. We are moving to Texas by the end of June. Should we be patient and wait a bit longer for the potential sale of our house (our best case scenario)? Or should we list our house as a rental? Also, what’s involved with owning a rental from afar? We’ve never done this before. TIA! submitted by /u/Green-Piano-2545 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1col9up/be_patient_or_make_it_a_rental/

How does Real Estate work in China?

Can someone explain me how it works in China? Are you allowed to buy a property? Are you allowed to buy a property and rent it out? From what I heard, the property can be “yours” for only 70 years so basically if a person dies his children won’t inherit the lease and the property goes back to the state correct? Also from what I understand you can’t rent it out but seems like there are some sort of apps similar to airbnb there. How does that work if you are only allowed to lease 1 residential property? You can only do this type of activity in a house where you live and rent its bedrooms? Regarding the maintaince of the houses, I assume it’s the ones who leased that are responsible correct? I’ve also seen there is an insane huge number of empty houses and buildings in China. So in this case the state is responsible for its maintenance correct? And doesn’t this leads to degradation problems of the buildings or the state actually responds accordingly? And last 2 questions: - Who

How much to put aside for closing costs?

I bought a condo a few years back and the closing costs were around 8-9k without points. Is this a reasonable expectation? Google search says 2-3% which seems high. Looking for a sub 800k SFH in Massachusetts (if that matters). submitted by /u/Bostonosaurus [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cnu5rm/how_much_to_put_aside_for_closing_costs/

Mortgage on UK property - some ceilings missing

Hello, I am working on a renovation. Unfortunately there were a lot of hidden costs and I now need to re-finance. Thankfully we haven't yet removed any wires or pipes - most of the work was external. I am concerned that a mortgage surveyor may not approve with the house in the current condition. Does anyone have experience of this? The house doesn't look great but is definitely liveable. The roof is in good condition with no leaks, the kitchen and bathrooms are working and have hot and cold water. Some carpets are up and there are 3 new windows which have not been decorated around yet - 2 holes where there were windows have now been bricked up but not plastered over. 3 rooms have ceilings removed so floorboards are visible from below. There are still 2 bedrooms there fully intact. Basically, someone could live there no problem if they didn't use certain rooms. Also, the amount of mortgage needed is small - less than 30% of the value of the house which is not currently m

Urban Regeneration: The Ultimate Road to Inclusive and Sustainable Cities in 2023

With an estimated 80% of the world’s economic activity currently being produced in cities and an increase of two billion people living in cities globally between 2000 and 2030, urban regeneration is a defining phenomenon of our time. Cities are now accountable for more services being provided to more people, but they frequently need more resources. One billion urban dwellers reside in overcrowded slums near economic activity and jobs due to the absence of serviced, transit-accessible land inside city limits. Urban Regeneration, Urban Regeneration: The Ultimate Road To Inclusive And Sustainable Cities In 2023 5 By densifying existing urban centers, especially areas of underutilized or underinvested land, urban regeneration can assist communities in addressing the rising demand for land. Economic development and social integration are linked to higher densities. Moreover, denser, more transit-friendly cities aid in reducing carbon emissions and pollution and strengthening resilience

Getting back EMD

I recently canceled out of a contract past my due diligence period for reasons of the HOA. In the contract it states that seller has 15 calender days to deliver the resale package otherwise buyer can walk without penalty. On the 16th day I told my agent to send cancelation and they immediately sent over some 20 year old cic doc. They also said they plan to keep the emd if we don't follow through. Would this be difficult with a lawyer? submitted by /u/floydbc05 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cnleua/getting_back_emd/

Realtor friend seems to be upset at us.

We have lived in our current home for 18years. It was our first home purchase and we decided sort of fast we wanted to move and try something new. Our good friend is a realtor so we used him to list our home. As a background I should say I run a small company that does marketing for brokerages all around New England. I took all the photos for our home, wrote the description and created the flyer used at the open houses. Heck I even made the social media reel for him. All along he knew we would be buying too and he would say don’t worry I’ll pay you back my commission which I didn’t expect him to do with all of it but given that his part of the commission is $10-12k and we are longtime friends who hang out all the time he would maybe feel guilt from taking that from friends. Well we found a private sale on FB in a neighborhood we love so we are moving ahead buying that with a RE attorney. He was pretty upset when I told him because I think he was counting on that commission too. A

Realtor/lender is a friend’s referral- red flags

Our good friends referred their mortgage guy to us. He spoke way to fast, rambled, we couldn’t understand a lot of what he said. We decided not to use him for these reasons, but we saw a property we really liked and needed to move fast. He already did our pre approval and said he could be the realtor too, so we decided to give it a shot. He financed the properties of our friends and they said they never had issues. We decide to go forward and attend an open house. Mortgage guy/realtor chooses a time to meet us an hour away, shows up an hour late because he had to stop and eat Mexican food. (While we waited for him). We tour the home. He’s been loud, obnoxious and a fast talker to the selling agent. We were embarrassed. He asked us if we want to make an offer on the spot. I quietly said let us look at one more thing and we’ll let him know. Before we look at the last thing, he yells out loud to the agent we’re making an offer. Other people were touring the home still. He tried to m

Why do sellers play games?

Really just a rant. Offer made, seller's agent gives snarky response to our agent regarding the amount. Later comes back with seller's counter. We counter one more time and they verbally accept our terms. 24 hours after initial offer, we sign and submit formal offer (yesterday around dinner). We hear nothing all day today. End of day, our agent calls to let us know that sellers have been quibbling over the rate we're approved at - it's too low/not realistic. Lender has already assured them that we are good for the same amount at the 0.125% bump we'll probably see. Not good enough. Our agent say says she's never seen anything like it. They're being difficult. We can either say "the offer is the offer" or walk. We decide to walk. "Oh the seller has thought things over and want to proceed." Too late. We're out. I think they were trying to draw out the process to get another offer to play against us...but what the actual fuck?

Buyers are Now Suing Me for Home Issues, Two Years after Purchase.

After two years, the buyers have initiated legal action against me, claiming that the home has significant issues that were not adequately addressed during the sale. During the escrow period, the buyers conducted their own inspections and identified various issues related to the foundation, plumbing, and electrical systems. In good faith, I provided a $45k credit to the buyers to address these issues, which they accepted before finalizing the purchase. Now, the buyers are alleging that the problems have worsened and are demanding $200k for repairs, citing major foundational movement, plumbing issues, and other damages. However, the purchase contract clearly stated that the home was sold "as is.” I was not obligated to provide any credits. Just to note, I had already spent over $100k in repairs for the foundation while I lived at the property, but they still requested credit for this, which I provided anyways within the $45k credits. The buyers had the opportunity to inspect th

New home buyer! Duvall vs North Seattle

During our house hunting, my wife and I liked single family homes in Duvall and North Seattle (Bothell,Lynwood, Everett) , however we are unable to make a decision about the area. We are inclined towards Duvall but the school district is not as good as the ones in Bothell, Mill creek, lynwood or everett. And Everette seems far from seattle(work place). Bothell housing communities seem too cluttered. Our list of priorities while purchasing are Resale value and School district. Can anyone please give us any insights which can be helpful in making our decision ? submitted by /u/Primary-Tax4022 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1clz1x0/new_home_buyer_duvall_vs_north_seattle/

Open a real estate agency in South Korea

Hello everyone, I am currently thinking about a career change but I would like to have your opinions and information regarding my project. I am French and I have a double degree: Europe Asia Business Manager - Korean Language. I am currently a Business Developer and Sales Manager for a French company in the Netherlands. I lived in South Korea for 3 years and I would like to return there to open a real estate agency for foreigners with my French partner who also lived there for a long time. We do not have a real estate agent license at the moment and we also need to find investment funds for our project. My questions are: Should we obtain a real estate agent license in France or South Korea? What are the specific conditions for opening your own agency as a foreigner? (license, experience, language, money etc...) Is there anyone here who has already done this and would be willing to discuss the subject in detail with me? Thanks in advance :) submitted by /u/Successful_Treat_

RE agent burnout

Working on boundaries as a new agent. I’m getting burnt out. Been a buyer’s agent mostly. Buyers are wanting to see homes daily but the problem for me is that I am commuting to show homes. This week I’ve made multiple one hour to and from trips to do showings. I’m hungry but this is futile especially being in a housing market where homes are selling for less than $100,000. Lots of lookers few buyers. I’m considering moving to another market. Any advice? submitted by /u/justgoingforhappy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cle2qr/re_agent_burnout/

Considering getting my license

I am currently living in California and considering applying for my license. Is it really worth it to try and pursue this? Encourage or discourage me, but at the very least inform me about whether it has really paid off for any of you that have tried. submitted by /u/Dos_Manitos [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1clcl4m/considering_getting_my_license/

Builder Incentives Preferred Lender Available Homes

Hi, Is it really legal to tie incentives to the use of a specific lender? We are looking at new construction homes in the Phoenix area for approximately $670k. The builder is offering $25k incentives on each of their four ready-to-move-in houses: three of the same floor plan, one different floor plan. To get the $25k incentives we have to buy one of the four ready to move in houses and use their preferred lender. We are able to use our mortgage broker that we have used and established a relationship with over there past 25 years BUT - we then lose out on the $25k of incentives. Again, is it really legal to tie incentives to the use of a specific lender? Thank you. submitted by /u/pvcrypto [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cklwm0/builder_incentives_preferred_lender_available/

Question about disbursement checks

If I accepted a cash offer of $92000 on my home that allowed the buyer to put $50000 down then I became the lender on the rest, 12 monthly payments and the final a balloon payment, why would I not be able to make a request to have 2 checks sent for my disbursement amount. I jumped hoops and bent over backwards to accommodate all of buyers offers, appointments, inspections and everything else throughout this sale. I do not have a regular brick and mortar bank account. Prepaid online bank account has worked fine for me all of these years. But I can only do up to $2500 mobile check load. That would have been enough for me to be able to rent UHaul and pay a couple of movers and pay the rest of down payment to move into my new place. I could have waited until Monday to open new account with the remainder check. But since I received it in one large check and on a Friday, I was unable to do any of those things because although banks were willing to open an account, none were willing to allow

Refinancing before temporary buydown period is over

Hi all, Is there ever a reason choose a 2-1 over a 3-2-1 if you’re refunded the remaining balance anyways after an early refinance? When I saw early refinance I mean refinancing before the buydown period is over. Let’s assume the seller is netting the same amount in both scenarios. Here is are two examples to illustrate my thinking 3-2-1 scenario and 20% down Offer price: $525k Seller concession of $25k to cover 3-2-1 Net to seller $500k 2-1 scenario and 20% down Offer price: $512k Seller concession of $12k to cover 2-1 Net to seller: $500k (Seller concessions for each scenario are directionally accurate. Didn’t want to do the math to calculate cost of buydown) Yes, the offer price is $13k higher in scenario 1 but your monthly will still be much lower. In addition, you get refunded leftover credits. One thing I haven’t wrapped my head around is at the backend when you decide to sell 5-10 years from now. Yes, you will net more in scenario 2 so it should be partially offsetting bu

Keller Williams

Good morning everyone. I’m looking to get some opinions on KW if that is possible on here. I’m currently going through my studies to obtain my Real Estate license here in Utah, I’m roughly about 80% of the way done and I have decided to start looking into my local brokers. KW seems to be relatively new in my area, but i know they are a huge company. Does anyone here work for them now or previously? How’s the company as a whole? submitted by /u/jamono96 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ckkar6/keller_williams/

Needing assistance

So my wife and I are looking to buy our first home. I feel like no one is taking us seriously we are younger (23,24) I think that may be why. We have some money saved up, and together we make roughly 145k a year which should go to 160k at the end of this year. Our parents are telling us to use a FHA loan, but I’ve seen on here people saying conventional is better. We really don’t know what to do and are wanting to get into our own home in a couple months. I need any advice or knowledge of what to do. Thank you. submitted by /u/Lance1088 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cjv65j/needing_assistance/

Confused about seller counter, house went pending

Hi all I’m a little bit confused. We made an offer on a home on Monday. The seller just countered this afternoon. My realtor sent me a screenshot of the counter and I called him and I text back. What does this mean because we love the house we were ready to accept their counter and then I see a couple hours later the home went pending. Did we do something wrong here or did our realtor just not act with urgency ? submitted by /u/ActInternational7316 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cjszyq/confused_about_seller_counter_house_went_pending/

It seems doable, but….

So here’s the deal, I am a builder by trade, I used to be a superintendent for homes up to 16,500sqft. I know how to build homes. I have been traveling the world for the past several years and am looking to build a home to develop a home base, and maybe sell in a few years. I have 100k down and 800+ credit, but just seasonal jobs (I do ok in them 70k a year or so). Also zero debt How hard is it going to be to get a land loan, then a builders loan. I want to spend less than 100k on the land, and do most the work myself, end up with a final home value of around 500k. Does this seem reasonable? I am looking in Prescott AZ. Also can I pay myself out of the building loan? submitted by /u/Forsaken_Tomorrow395 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cj31by/it_seems_doable_but/

selling 50% share of joint tenancy to investment firm

has anyone dealt with a transaction where one of the joint tenants sells their 50% share outright to an investment firm ? cannot seem to deal with the other joint tenant taking the rental income and want out. apparently there are firms that are willing to buy out troubled situations like this. thanks for any thoughts. submitted by /u/Character_Chemist_38 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cj21km/selling_50_share_of_joint_tenancy_to_investment/

tips and trivials

Principles of Real Estate Practice in Michigan Michigan Real Estate Exam Prep Questions. Study RESPA, Michigan Right To Farm Act. Reg Z, and Megan's Law. submitted by /u/belle_belle_1975 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1cj1sss/tips_and_trivials/

Looking for advice in this tough market - buy a condo or continue to save at home

Hi everyone, I’m looking for some advice. I’m in my mid 20s and have a full time job with an annual income of $75k and an annual bonus target of $6k per year. I drive 1 hour one way to work, while still living at home (finished apartment basement, mother-daughter layout) with my long term girlfriend. Ideally I’d like to cut my commute in half and I found a condo that seemed affordable on paper (~$210k). The place is small but seems very clean and newly renovated. I have about $35k saved between checkings and savings, $11k in personal investing, $10k in retirement, $2800 in cash. I was wondering if a monthly cost of between $1500-$1800 + the cost of utilities while building some equity will potentially outweigh saving at home for a single family which is the goal down the road. It’d be cool to be able to pay the condo completely off when my girlfriend finishes her masters and gets a job. Also would like to be able to rent it out for potential some secondary income…or even if I sell

Can I get someone’s opinion on this situation.

My realtor sent me this text: “Hey Velocicopter! I just got an update from the listing agent regarding the Additional Provisions Addendum we sent over with the offer. We did not receive this back from the listing agent with the offer so we have been following up requesting it. Upon further discussion with the seller, the listing agent said the seller is not comfortable signing the Additional Provisions Addendum because they feel it is redundant as it was advertised on the MLS that the seller is open to appraisal required repairs. This just means that once the appraisal comes back and there are repairs, we will ask the seller to complete them just as we discussed with the Additional Provisions Addendum. From viewing the home, we don’t anticipate that there will be many appraisal required repairs if any, but we want to assure you that the seller is open to doing appraisal required repairs and it’s everyone’s goal to get you to closing as seamlessly as possible! “ I feel as if it’s red

[License] I only get to study 2 days a week. Suggestions on how to try to study after putting in 11 - 12 hour days at work?

Currently studying for the WA state real estate brokers license. I'm a deliver driver for Amazon and usually too tired, or not sane enough, to study after work. Between work, taking care of myself, and adulting I'm definitely not making as much as much progress as I would like to. My course says I've only completed 10% so far. Started studying in February. Original goal was to have the state portion finished by the summer. Any suggestions on how to possibly force myself to study more to finish by Fall or winter? Other than requesting time off from work. submitted by /u/lightknight80 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ci93xg/license_i_only_get_to_study_2_days_a_week/

Bought in 2021 3% Interest Rate. Thinking of selling

Hello, I purchased my home in 2022 and got a very good mortgage rate. I know this house is not my long-term home. I also believe the value may drop in the next 1-2 years. I recently thought about selling the house while prices are still reasonably high. I would then lease until I am ready to buy my long-term home. I understand that there is no guarantee of rates ever coming close to what I currently have. How stupid would I be to make this move? Looking for a little logic and reasoning in an area that I'm not very knowledgeable in. Thanks! submitted by /u/Creative-Comedian903 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ci9jea/bought_in_2021_3_interest_rate_thinking_of_selling/

Advice on Modular homes

Hello, I recently bought a 3 acre plot in the foothills of Colorado and I'm planning on moving out of Denver to there. I'm looking to make it quicker than building a traditional home and I've heard some decent things about modular homes. Does anyone else live in Colorado and have a company to recommend for both buying from and to help build it? submitted by /u/Additional_Beyond847 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1chgh7u/advice_on_modular_homes/

First Time Home Buyer

So I am a millennial(31), about to try and buy my first home. I live in Rutherford county TN. My credit is 750+, I only have one credit card that I rarely use, but I make $21.35/hr. I work 13 hours shifts, 40 hours a week in an ER doing the best I can. I don't know where to start or what to do. I want to try and get an FHA loan because I am a first time home buyer. I'm trying to stay within an hour or so of my hospital because I don't want to cut into my sleep too much. Driving more than an hour both ways, traffic, working 13, just to try and get enough sleep to do it all over again isn't going to help me or be sustainable. If I'm not at my best how can I help my patients. Anyway I digress... where do people usually start? I'm terrified to apply for anything because of the hard inquiries. I don't want to hurt my credit before I can even use it ya know? Do I even have a chance? I need to move out of where I am renting by October this year. I have been rentin