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Showing posts from October, 2024

Offering way below list- super nice seller!

Has anyone ever had an extremely low ball offer accepted? For context, we found a house that suits all our needs (home itself). It has slightly less land than we would like and it sits up on a hill and there are some steep drop offs (kids could fall down and get hurt, nothing that would kill ya though). Anyways, house is listed at $600k. Started at $800k but dropped $100k and than $50k 2x. The house needs all new windows (about 30 windows), new kitchen & utility room flooring (tile is broken in lots of parts, roof and HVAC are original (18 years old), new exterior doors (4 french, 1 front), and then we would want new cabinets, a fence installed, and some wall paper removal/paint. Our agent ran some report and showed that comps with similar size (3600sqft) it should be between $435k-$520k. We were thinking of offering $450k but, we also met the seller and he is an extremely wonderful person. So much that we are afraid to offend him. He wants the house sold so bad because he lives

Water coming in from foundation. Is the builder liable? (2006 townhouse in FL).

My mom's townhouse got water in from the foundation area between hers and her next door neighbors' units. This happened at the end of the summer due to ground being saturated after a month of almost non stop rain and then during hurricane Milton. In both cases the water didn't reach the top of the doors threshold. Her townhouse was built in 2006. She, and the neighbors, will have to remove the baseboard, the flooring (laminate), and 1 or 2 feet of drywall so the whole thing can dry and be redone. The problem is that this repair will not prevent future reoccurrence. I'm thinking they need to get together and hire a lawyer and an engineer to find the legal way and cause/solution to the problem. They obviously can't wait on the legal side to make repairs because of mold and more possible damages. Can anybody tell me their experiences with bad construction issues? Chances of being reimbursed for individual repairs or having foundation fixed? Again, Florida 2006 bu

Tree limbs from my vacant lot felt onto neighbor's roof and fence during Hurricane Milton. Who's responsible for the repair?

Title pretty much explains it but here are a few more details. I bought an investment property with a double lot. I split it, remodeled the house, sold the house in one lot, and kept vacant lot next to it (that was my profit). I sold the house a year ago and moved overseas in March. I've got an email yesterday from the buyer (property is now a 5/3 Airbnb) saying he needs to talk to me about what happened and one tree is leaning badly. I'll take care of the leaning tree but I'm not sure if I'm liable for the repairs. House is in Clearwater so it was hit badly by the hurricane. Should his insurance take care of it because it is hurricane damage regardless if it was from the tree next door or a flying car that landed on his roof? Maybe he'll ask me to cover his hurricane deductible, which is usually 2% of property value (house sold for 650k) and may be higher than repair costs ... I'm not sure about the extent of the damages yet. Any help is appreciated.

How do I terminate my listing agreement due to bad experience with my agent?

Initially, my agent (I'm the Seller) seemed great but that quickly changed when I needed some time to consider an offer due to a personal emergency. My agent hounded my constantly to the point where I finally broke down & confided in them as to what was going on in my life. I got the offer on a Friday and I just asked for the weekend to consider it. My agent starts berating me, talking down to me, but finally agrees to buy me time. Or so I thought... On the following Monday, I let my agent know I'm accepting the offer & signed only to be told that the buyers had now put in an offer on another home because they were concerned that I would break the agreement & take the house back after I signed. First of all, I didn't even know that was possible. Secondly, that's why I wanted to take the weekend to make my decision as it's not something I take lightly. But most importantly, the buyers had this doubt because my agent shared the personal details I confid

Real Estate Agent hasn’t posted listing after two weeks

Hi. I recently decided to put a commercial property for sale and signed a contract with a real estate agent back in September. The only communication I’ve had with him since then is me texting him a question related to giving notices to tenants. I don’t see anything listed so far for mine. Are listings for commercial properties not as easy to access? And is it normal not to hear anything back this long? Thanks! submitted by /u/Safe_Piece_3631 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g14iws/real_estate_agent_hasnt_posted_listing_after_two/

Am I going to screw myself if I change jobs?

So, this past June I entered into a Lease- Purchase Agreement. I have until next June to secure traditional financing, and the pressure is on. Around the same time I entered into the lease purchase, I switched jobs. The money is nice, but my boss is becoming unbearable already. Lucky for me, my field is in high demand right now, and I can easily find a different job. I’ve been interviewing around, and have turned down a few offers already. My question is, if I get an offer that I like, will I ruin any chances I have of getting traditional financing, even if there’s no gap in employment in between the 2 jobs, and everything else (credit score, income, etc.) works out? In theory, I can tough it out until next June, but if I can do so without ruining my chances at buying this house, it’s tempting to leave my job. submitted by /u/a_little_bit_little [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g13l1s/am_i_going_to_screw_myself_if_i_change_jobs/

Old At&T easement

Hi all! I’m hoping to see if anyone has any guidance on this We are under contract for a property, no easements were disclosed by the seller or seller agent. As we were engaging a surveyor to survey the land, he mentioned that the play recorded on 1968 shows quite. A big At&T easement running through the property. Couple things here The surveyor said he didn’t know if the easement was active or abandoned, how can I find out? If it’s active, how bad of a situation is this? Or how could it affect us ( I know we can’t build in it, but what about resale value?) if it’s abandoned or not in use, how can we get it waived?) The house preliminary seems like a part of it is sitting on the easement at least a little and our driveway as well. The house was built on 1969, so a year after that plat. What happens here then? Surely they won’t make us tear up a 55 year old home?? Thank you all, this is our first house and it’s so stressful that nobody mentioned this before putting an offer

Common to Measure on an Apartment Viewing?

Firstt time buyer. The photos and floorplans on condos/co-ops just aren't enough for me to confirm a place will work. Going on my first viewing of a place that seems nice so far, but I was planning to take a pad, pen, and laser measurerer to fully layout the place for myself if it really feels like something I would put an offer on. Renting so long, and being a collector, I have more than a normal amount of shelving. Every spot now is used, so I just need to see if I can Tetris myself into a different place. Anyway, is that normal to do? I'd hate to think I'm needlessly wasting my agent's time. submitted by /u/WishItWas1984 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g0hat7/common_to_measure_on_an_apartment_viewing/

Seller Credits Show Zero!

I am buying my first home and in the offer letter towards the seller it was agreed that he would issue $12,000 credit towards my closing costs. Today I received my Closing Disclosure and It says I owe $10,000 in closing costs. So I was thinking that is great since the seller will be providing 12K that means I have 2K excess. When i talked to my Loan Broker she informed me this was not the case. She has stated that the 12K was depleted by all the fees that the seller is currently paying. This made no sense to me because I was under the impression the 12K was to go towards my closing costs not his. After looking at the closing disclosure document more I noticed there is a section that says "seller credits" and the value is zero! I don't understand why it would be zero if the seller is to provide 12K credit. I have looked at this document multiple times and there is absolutely no reference or mention of the 12K credit anywhere! Also this is NOT a situation where the seller

"Elevating Real Estate Excellence: Sankla Buildcoon"

"Since 1992, Sankla Buildcoon has been a leader in creating iconic residential and commercial landmarks that combine charm with modern living. With over 25 years of experience, 15 million sq. ft. developed, and thousands of overjoyed families, we are committed to transforming the real estate sector through innovative architecture, ethical practices, and a focus on customer trust. Our vibrant communities are strategically located in prime areas such as Mohammadwadi, Dhanori, and Hadapsar. Explore our upcoming projects and join us in our journey of excellence in real estate development. Get in touch today to discover your dream home!" submitted by /u/Final-Papaya8496 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g0d51g/elevating_real_estate_excellence_sankla_buildcoon/

Resources for selling privately?

If I wanted to sell privately to avoid the misery that is selling with a realtor (slashing the price, wanting to basically give away the house) what resources are there out there? I could do local FB buy and sell pages and also self pay for zillow but I know that where I live the majority of sales are done privately and very few are through realtors. I just don't know how these sales are being done as the word of mouth doesn't seem to apply to me. Just wondered how others do it - submitted by /u/millcreekspecial [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fzo4ru/resources_for_selling_privately/

Advice Needed: Buying Property in Europe for Residency/Citizenship?

Hi everyone, I'm a computer science student in my country and I’m looking into options for moving to Europe in the future. I know that living there long-term requires a European passport or residency. I’m considering buying a property in a European country to see if it could help me obtain residency or even citizenship down the line. I’m looking for advice on which countries might be good to invest in, especially in terms of real estate costs and residency or citizenship conditions. Does owning a house actually help with getting residency in any specific country? Are there countries with easier pathways to citizenship through property investment? Any insights or experiences would be greatly appreciated! Thanks in advance. submitted by /u/Ok-Solution625 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fzmart/advice_needed_buying_property_in_europe_for/

VA loan, out of pocket costs?

How much can we expect to pay out of pocket with a VA loan? We are looking to purchase a home in CA in the $400k- $600k range. submitted by /u/Negative_Beach8977 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fzld4k/va_loan_out_of_pocket_costs/

About to close- found out bathroom is not permitted

I’m about to close on a house and found out one of the bathrooms are not permitted. I can’t pull out now without losing my deposit im assuming. Is this allowed from the seller? submitted by /u/valleygirl2023 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fytrt4/about_to_close_found_out_bathroom_is_not_permitted/

Need feedback on Home loan from Bank of Maharashtra

Hi All, I am thinking to do home loan through bank of Maharashtra (SBI not in option) Is there any one who might share own feedback about home loan through bank of Maharashtra. How is the prepayment/partpayment procedure? How is the loan closure process? Thanks in advance submitted by /u/Not-a-thinker [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fythl2/need_feedback_on_home_loan_from_bank_of/

Am I allowed to say no to open houses and showings?

I recently found out that my landlord will be selling my house. Shortly after, he told me that he would be coming over to take photos of it for the real estate agent. When he got here, he brought the real estate agent and a potential buyer. I was not aware he was bringing other people, but I shook that off. The real estate agent asked for my number before she left. She texted me this morning while I was at work asking to do a showing and I said no, because I was at work. She then called me two times, texted me again to ask when I can, and then told me she wants to do open houses on both Saturday and Sunday. I am NOT comfortable with that. No one asked me if I would be. I have a cat and she will get stressed out having strangers over all the time. Not to mention, I will get stressed out too lol! Is it normal for this to just be expected of me? Am I allowed to say no, and that I don't want to do showings or open houses? submitted by /u/k1tt3ngutz [link] [comments] source

Real Estate Pros: What Design Challenges Are Holding You Back?

As a graphic designer with experience across various industries, I’ve recently been thinking about how I can help real estate agents and sellers elevate their branding and marketing efforts. From what I’ve seen, many designs in real estate don’t always reflect the professionalism and reputation of those behind the business. My goal is to genuinely support this community by offering designs that better represent your brand. So, I’d love to hear directly from you—what challenges are you facing when it comes to branding and design? What would make your marketing materials more impactful? Let’s collaborate and help each other succeed submitted by /u/Frequent_Benefit_913 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fy29mw/real_estate_pros_what_design_challenges_are/

First-Time Buyer Looking for Advice on Purchasing a Duplex (Financing, Cap Rate, and Tips)

I’m planning to buy my first property and I’m considering a multifamily home, specifically a duplex. I’m new to this and could really use some help. Here’s what I’m trying to figure out: 1. Best Financing Options: What’s the best way to finance a duplex as a first-time buyer? Is an FHA loan a good option or are there better ones? 2. Cap Rate: What kind of cap rate should I be looking for to make sure it’s a good investment? 3. General Advice: Any tips or things to watch out for when buying a duplex? I want to be prepared and avoid mistakes. Thanks for any advice! submitted by /u/Psychological-Age833 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fy1md2/firsttime_buyer_looking_for_advice_on_purchasing/

Redfin estimate on my newly listed home has increased significantly since listing

We listed at $465k on Thursday. At that time, the Redfin estimate was $469,999 Yesterday, the Redfin estimate jumped to 522k. The home is a "hot home" and has had a bit of attention. Does their algo consider views for pricing? I'm confused as to why this went up again after the initial bump that happened at listing. Context: We have 2 offers in, one at asking & one at 485k w/ escalations of 2k up to 502k. As of now I plan to accept the 485k offer on the Tuesday deadline. BUT...my previously-imagined best case/dream offer was 515k. Between the escalation, the attention, & the Redfin estimate change I'm feeling like that number is a little less delusional. If no other offers come in before Tuesday, would I be batshit crazy to hold out for a price more than 20k over asking? It will have only been on the market 5 days. We listed at this price based on the advice of our realtor. submitted by /u/MediumSafe [link] [comments] source https://www.reddi

Lender told us about waiver of appraisal with 20% down payment in CA. However, Redfin shows 15k down in value?

We are in process of purchasing a house in CA and the lender bank informed us about waiver for appriaisal. We' are putting down 20% and I am not sure if its because we're bringing in good enough payment with us and they feel its ok? I am concerned because after we submitted our offer the house value for Redfin shows down by -$15000. Any suggestions if we should just accept the waiver or ask the bank to formally appraise it? submitted by /u/wildcall551 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fxc9iz/lender_told_us_about_waiver_of_appraisal_with_20/

How to best leverage inherited property

I Inherited a SF home from my parents. It’s paid off and is in a decent area. I still live at home, but recently got the property put in my name. I’m ready to move out, but do not want to live in the home because it is very close to my current home and I want space, privacy, and a change of scenery. So I plan to rent the home out, and rent an apartment for myself to start. I could rent out the home for more $$ than I’d rent an apartment for myself and would make a slight profit. Worse case I’ll break even. My question is, is this a good idea? Bad idea? In the middle? I also wonder if there are any ways I can leverage this property to set myself up for financial freedom. I want to buy more property, if possible. But any ideas are welcome?? Note: Currently have minimal expenses, and abiut $70k in savings. submitted by /u/juliset [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fx9h73/how_to_best_leverage_inherited_property/

Best way to get leads

Hi everyone! I'm a real estate agent based in Ajman, UAE. I'm looking to expand my reach and generate more leads. Does anyone have experience or recommendations for the best ways to get leads through social media platforms or real estate apps? Any specific tools, strategies, or tips that have worked well for you? Appreciate any insights! submitted by /u/Next-Revenue4672 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fwmw82/best_way_to_get_leads/

PSYCH you’re not an owner?!

Hello, can someone clarify what happened? I’m a SAHM here in CA with great credit and savings. My husband was approved for a loan and we were told my info was not needed. We were under the impression that I can be added to the title/deed regardless of being on the loan. Why does my lender and real estate agent keep saying that I can’t be added on the title? The Title company even had me sign “Interspousal Transfer Deed” as the grantor. Is this a CA thing because I can’t find anywhere that it would be an issue and now we’re closing and I am not an owner! submitted by /u/Desperate_Mouse_8552 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fwmfcl/psych_youre_not_an_owner/

After pasalo ng condo unit thoughts

I'm currently living on a rent to own condo for almost 2 years now. I'm thinking na ipasalo na lang yung unit ko however I'm having second thoughts kasi baka pagsisihan ko sa huli..Bought this place thinking I would keep this pero lately mejo mabigat na ang bills and I kinda want to enjoy my earnings din. Any thoughts or experience if what it's like sa mga nagpasalo ng unit? May pagsisisi ba or it's all worth it naman? submitted by /u/pipperlittle [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fwko5u/after_pasalo_ng_condo_unit_thoughts/

House and Lot in Alcoy, Cebu South Philippines

‼️ RUSH SALE ‼️ Rest House / House and Lot in Alcoy, South Cebu, Philippines Property Highlights: ☘️ Appraised Value: ₱34 Million ☘️ Selling Price: Only ₱18 Million (Negotiable!) 🏡 Lot Size: 3,554 SQM 🏡 Floor Area: 855 SQM 🏡 Bedrooms: 5 🏡 Bathrooms: 3 🏊‍♂️ Private Swimming Pool 🔒 Securely Fenced and Gated 💧 Own Water System 🌿 Expansive Garden 🏡 Built in 2019 🐟 Koi Pond 🚗 Generous Parking Space Natural Scenery: Breathtaking views that you won’t want to miss! Nearby Attractions: Explore the beauty of Alcoy and its surroundings: 🐚 Tingko Beach - Just 5-10 minutes by car 🐚 Moalboal - 1 hour and 30 minutes by car, renowned for its vibrant marine life and coral reefs, perfect for snorkeling and diving 🐚 Osmeña Peak (Dalaguete) - 30-40 minutes by car to Mantalongon Market, followed by a 20-30 minute hike 🐚 Oslob (Whale Shark Watching) - About 25-35 minutes by car 🐚 Boljoon (Patrocinio de Maria Church) - Only 15-20 minutes by car 🐚 Sumilon Island - 30 mi

Where to invest 50 k in rs

I'm 25 and I have 50k in savings i have very good credit as well. Any advice in where/how to invest them in rs. I was thinking a duplex would be a good idea but what would be the best route with that? Anyways if anyone has any other good ideas please do let me know. submitted by /u/Zestyclose_West_5075 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fvu2i1/where_to_invest_50_k_in_rs/

What kind of time does FSBO take?

I keep seeing this being recommended, especially for people where the equity might be tight. If I seriously consider doing this, I want to be honest about my capacity to do so. submitted by /u/Odd-Excitement-7085 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fv5xxx/what_kind_of_time_does_fsbo_take/

Avida 34th Tower 1

Someone living in Avida 34th with Globe Fiber internet? can anybody review their experience? tia. submitted by /u/LowAdditional5667 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fv653g/avida_34th_tower_1/

How often do homes check all the boxes?

I recently moved from California to MA. I was very spoiled in that my California home really was my “dream” home. We now are looking at homes in MA. Finding ourselves either looking at: great bones, amazing wow/take your breath away architecture but a lot of remodeling (kitchen gut/bathrooms/paint/deck). being at a very top of budget to check all boxes A really nice home that needs some work but besides location being on a different side of town than we want (nothing wrong with part of town it is in) it is really very nice and checks all other boxes and well within budget. Have any of you held out for that perfect property and found it? Do you go for number 3? This feels like a silly question but it’s such a big commitment and I would love others opinions. submitted by /u/Grapeful_Ted [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fv3ivo/how_often_do_homes_check_all_the_boxes/

Buy house linked to organized crime?

There is a house that we like in our preferred future school boundaries. I spoke to a neighbor and it turns out it was raided by the feds for a $100 million drug money laundering scheme (not exaggerating). Apparently a friend or family member still owns and resides in the house. Would you consider this? I'm a little worried about who might show up at some point not knowing everyone finally moved out.. submitted by /u/Substantial-Basis179 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fv213y/buy_house_linked_to_organized_crime/

Need HELP

May bibilhin po akong bahay. Bale staggered for 1 year Direct to owner. Ang may ari ay nasa ibang bansa at may SPA sya sa Pinas. Tanong: Ano ang mangyayari sakaling mamatay si seller ng hindi ko pa na fully paid ang bahay at wala pang Absolute Deed of Sale? Ano ang mangyayari sakaling hindi na ako capable magbayad ng remaining balance. Ano ang mangyayari sa perang nabigay ko as down payment? Paano ko mapoprotektahan ang interest ko at interest din ni seller sa ganitong klase ng transakyon? Maraming salamat po sa makakatulong submitted by /u/Sea-Gur6695 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fubi77/need_help/

Title company or QCD

My spouse and their three other siblings own a vacant lot. I am interested in buying out one of the siblings. Can we just QCD or is the process more complicated? I am willing to hire a title company (recs appreciated), I am just not sure if this situation could be handled with a QCD. I am in Phx, AZ. Thanks submitted by /u/Right_Ingenuity8156 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1fu92j5/title_company_or_qcd/

Lounge/ diner - am I making a massive mistake?

Lounge/ diner - am I making a massive mistake? Fallen in love with a house which is great size, characterful, modernish (despite the longe diner), gorgeous well developed south facing garden and decking area, big bedrooms and lovely road with outstanding schools….. however it has a large lounge / diner and no other rooms downstairs. There is potential to knock through but it’ll be costly and we will have no money left after purchase. We already need to build a new bathroom upstairs and potentially separate one of the large bedrooms, strip wall paper and buy an outdoor storage facility. I’ve only ever known a social, eat in kitchen - there not even room for a brekky bar. Do you think we’ll get used to it or regret it forever? How fundamental is a kitchen / diner as opposed to a large longer / diner? We are a family of four. One older child and one baby. We’ve also been looking for nearly a year - sold our house so could potentially lose buyers if we don’t find somewhere. No prepare