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Showing posts from November, 2024

Realmadrid of Real-estate | century21jm

Black friday offer on real estate deal. Get free consultant from century21jm.com Century21 bring you the best offer in Kingston region for real estate. Let's catchup the hot deals of kingston property to sale and buy homes, apartment within your budget submitted by /u/theComcola [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h39ixg/realmadrid_of_realestate_century21jm/

Des Moines Iowa handy man

I’m looking for a handy man that’s very reputable in the Beaverdale, Sherman Hill, East Village area. Someone that either has good reviews, you’ve used consistently on your rental properties & have been pleased with their work. submitted by /u/Zone4properties [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h1tb1o/des_moines_iowa_handy_man/

Joint Tenancy But Only One Person on Mortgage and that person dies

My mom and I jointly purchased a condo for her to live in. The deed is in both of our names clearly stating that we are joint tenants with right of survivorship. She took out a mortgage on the property in her name only. She recently passed away so the title passed by operation of law into my name only with her mortgage secured by the property. When I go to sell the property, will there be any issues with this mortgage or will it just get paid off like in a normal settlement? submitted by /u/Best-Dog-5906 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h1sj4a/joint_tenancy_but_only_one_person_on_mortgage_and/

Student Looking for Housing

English Version Hey everyone! Next semester, I get to do my minor in beautiful Rome🇮🇹🍕! I’m still looking for a place to stay starting mid/end of January. So, if anyone has tips or knows of a 🏠 house/apartment/room, please let me know 😄. And please share! 😄 Italian Version Ciao a tutti! Il prossimo semestre farò il mio minor nella bellissima Roma🇮🇹🍕! Sto ancora cercando un posto dove stare a partire da metà/fine gennaio. Quindi, se qualcuno ha consigli o conosce una 🏠 casa/appartamento/stanza, fatemi sapere 😄. E per favore, condividete! 😄 submitted by /u/Best_Ad4340 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h12nap/student_looking_for_housing/

Too Late to Switch Lenders?

Hey everyone - I’ll keep this short! We had an offer accepted last week (11/17). We obtained pre approval from Bank A. Our closing date is 12/16. We have been submitting documents and signed our initial loan estimate with Bank A since then. Our mortgage rate is locked but fairly high (7.375%). We have not completed underwriting, submitted all our statements and documents yet, or gotten final loan approval from Bank A. Given the fairly high rate, I’ve been shopping around for a new one just with preliminary talks. Bank B can offer a better rate at 7%. Is it too late in the game to switch, is this something I can do without penalty? Assuming Bank B can still close by 12/16 of course. Any advice is appreciated. submitted by /u/Relax_Aaron_Rodgers [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h110m5/too_late_to_switch_lenders/

Seller has ongoing litigation against a lender involving an ADU loan

Hello, we are in contract to buy a real estate investment property in La Mesa, San Diego county. During our due diligence we learnt that the seller has an active loan they took out to build an ADU from a lender called Mosaic. The seller was working with a general contractor firm who helped them file for the loan. The loan is about 100k at 10% APR over 10 years. The lender paid the GC in full. Permitting for ADU was done, some construction work and inspection was finished (foundation was laid, utilities were brought in). The GC eventually vanished and files for bankruptcy. This was a big news in San Diego, GC being MultiTaskr. There is a class action lawsuit against the lender implying them being part of a scheme with MultiTaskr that have defrauded hundreds of people in similar way. Now, our title company says that there is no loan/lien associated with the property. There are no active judgements. I am wondering if in future the seller loses the case and lender somehow gets a judg...

Property tax question

Hi I have a question. My house is paid off and I pay my property tax in December in the amount of 3150. I’m planning to sell it. If I sell , let’s say in march of next year, I’m I going to be responsible for the entire amount of 3150 ? Or Is it the new owner is responsible for the remaining 9 months? I’m just trying to understand. Thx submitted by /u/smooth-vegetable-936 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h072l0/property_tax_question/

Kansas City rental market

I’ve visited Kansas City quite a few times & absolutely enjoyed & fell in love with it. What are some desirable historic quaint communities, zip codes you guys would suggest buying a single family home in? I’d love to buy quality a single family home to rent out to near working class people. submitted by /u/Zone4properties [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h0akfx/kansas_city_rental_market/

Deal falling apart cause of title issue. Advice needed.

I found an off market property I have under contract and looking to close on. As I did the title search via the title company, I found out there’s 4 owners on the deed. Which I wasn’t privy of up until then. However, 3 of the owners are fine with signing. But there’s 1 other who the family haven’t seen and believe to may have passed years ago . They don’t have a death certificate but hired an investigator to find him and was not successful. Title company will not proceed with closing until all owners sign the AOS or go through probate. I want to avoid probate cause I don’t know how long that’ll take and I would like to close asap, as well as the family (due to it being distressed). Is there any suggestions on how to work around this such as holding that 1 owner portion of the profit in escrow, having the family sign an affidavit of heirs on his behalf? Idk this is my first time purchasing a property so all of this is new to me. Any advice? I’m trying to close before the year is out...

Buying MIL a house - She pays the mortgage

Hi all, my wife's sister and brother are wanting to purchase a house for their mother. My mother in-law has only ever worked cash jobs and is over 60 years old. Apparently she won't be approved for a home loan under these circumstances? The plan is to purchase the property under her x3 children's names - but she will pay us for the repayments every month. I am extremely naive regarding this - please share any potential ramifications if we engage in this process. Does it affect tax costs? What if we wanted to buy a second house (We currently have a mortgage for our own home). Will it cause a lower chance of approval for a 3rd home loan? What happens if my wife's mother passes away and the other owners of the house don't want to immediately sell? Please share absolutely every possible way this could go south/any reasons why it could benefit us? Thanks all submitted by /u/gordonramsay8me [link] [comments] source https://www.reddit.com/r/RealEstate/comm...

Why is my mobile home dealer trying to convince me to get a different home than I told her that I wanted?

I've been looking into getting a single section mobile home. I've got my eye on one, and it's on the less expensive side of mobile homes. But it has everything we need, and it's brand new. So I went to my local dealer and asked her if she could get this specific one in. She advised me that they sell three different brand mobile homes, and although the one I'm asking for isn't one of the three she listed, she still said she could get it for me. I don't fully understand how that works. So her first question was, "why this home?". To which I advised, because I'm trying to work within a certain budget. Her next comment was to ask me to come tour some of her mobile home units and see if I liked any of them. I could already sense something was weird. I told her this was the home I wanted, and she said she could get it in. Now I feel like she is doing everything in her power to convince me not to go with this one (mind you, most all of these singl...

Let's drive traffic through your listings

Let me help you convert! I am a seasoned real estate editor that has helped various listings sell their property online via shorts/reels or long form videos. With over 5 years experience and is very affordable. Let's talk about how we can sell your property! Will wait for your dm's or drop your email below submitted by /u/After-Willingness944 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gzf0h6/lets_drive_traffic_through_your_listings/

Shall I buy the house with concern on pest control report

The pest control report quote $18k on repair and treatment cost, which is way over the normal cost $3k-5k. The original owner didn’t pay much attention on pest control. The main issue is drywood termite (no subterranean termite, surprisingly) and dry rot damage. The main cost, besides fumigation, is to replace and repair the wood structure of fascia/rafters/roof eaves caused by dry rot damage and replace window sill damaged by termites. Wonder what caused the dry rot damage? Also it seems there is some flying termites (or flying ants) in backyard during open house, is this normal at this season in Bay Area? Is this $18k treatment cost way higher than normal? Otherwise like the house and neighborhood, so kind of struggling to whether or not make the offer. submitted by /u/darko_J [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gzdvbe/shall_i_buy_the_house_with_concern_on_pest/

Plan for next 2-3 years advice and recommendation for it

I’m 23M, and while life is good, I want to stop messing around and start building a future for myself and my future family. So that's why I’ve developed a plan for the next couple of years and would love your advice or insights, especially since I have no idea what Im doing. Anything helps honestly I want you all to be as honest as possible I really want to do this right. My Situation: Income : Recently started a job paying $70,000/year. Credit Score : Currently 707, aiming to improve it over the next two years. Living Situation : Staying with supportive parents, which allows me to save money. Savings : After covering expenses, I can save $3,000–$4,000/month, giving me hopefully $60,000 or more but 50-60k is the minimum in two years. The Plan: Save Aggressively : Save at least $60,000 for a down payment and related expenses. Buy a Duplex : Location: Plan to invest in Texas due to affordable prices. I don't live in Texas nor do I plan on living there, I just want to...

Evicting a co-owner's tenant in Texas?

Long story short, the co-owner of my home took on a tenant without my permission (legal, unfortunately). She does not live in the home. I'm not getting any portion of the rent and not being paid for use of utilities that I pay in full. I'm not on the lease as a landlord, but the tenant did sign a release of liability for me. The co-owner and I are not on speaking terms, my lawyer has advised me not to engage with her at all, and she lives across the country. It's been just under a week and the tenant has punched holes in a door, had guests over every night, uses items that don't belong to him after being told to stop, has been loud and disturbing everyone else in the house as late as 3-4am, has thrown items belonging to me from a hallway into a spare room, and is honestly probably selling drugs from the convos I overhear, but I can't prove the last part yet. I honestly think he does meth based on his behaviors and has multiple domestic violence charges so I'm ...

What is the process of conservation easements?

Hi there, I am currently selling land and trying to protect the land, while also sell it. A few questions I am pondering. 1. I'm assuming a lawyer is who creates the official documentation. Any ideas how much the cost to handle the technical side of the easement? 2. What sort of restrictions are common? I was thinking "no clear cutting" but I'm sure this gets very specific. I don't know where to begin. I have also heard this steers away many buyers? Which makes sense, I wonder if it is a total deal breaker. Just trying to figure out a win-win with selling and protection if possible. Open to any ideas. submitted by /u/stevieoso [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gylaic/what_is_the_process_of_conservation_easements/

[WA] Agent Commission Question

Hello, I’m listing a condo for sale in Seattle and going to work with an agent. They are saying that they require a 2.5% commission for the buyer agent. I was under the impression that with the previous court case the buyer is supposed to negotiate the payment with their agent. Before I go one way or the other, I wanted to see if someone here might have more insights into whether this is still a requirement or if this is just a quirk of this agency that would make me go elsewhere. What are the pros and cons of covering the buyer agents commission here? Is it listed on MLS? Thank you! submitted by /u/DVoltaire [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gy2ll3/wa_agent_commission_question/

Upcoming Online Webinar

Hello people, Soon a free online webinar will take place. The topic is how to engage more with your potential clients, increase your visibility, and sell your properties more quickly. Along with this, we will discuss how to overcome some popular problems in the real estate world like roller-coaster months, being short on properties, sales depending on old client referrals, etc. The classroom is limited , which means there aren't a lot of seats left. The Webinar will be held by a marketing specialist in the real estate field. If you're interested message us privately or leave a comment below. Let's get some additional knowledge together. Thank you for your attention. submitted by /u/KbgTrading [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gxww1h/upcoming_online_webinar/

Accounting Help Needed for Properties with Multiple Owners

Managing properties with different ownership structures (some properties have multiple owners) has been a nightmare for accounting. I’m looking for a property management platform that has tools specifically for multi-owner accounting and easy reporting options. Anyone know of software that could simplify this setup? submitted by /u/TeamMachiavelli [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gx5q6u/accounting_help_needed_for_properties_with/

PrimeEstate Lead Surge: Exclusive Real Estate Lead Offer

Exclusive Real Estate Lead Generation Offer! Are you a real estate professional in the U.S. looking for high-quality leads? I’m offering an exclusive deal to the first 10 clients: 2,000 verified, motivated seller leads for just $200! This offer is to build trust and deliver real value. 🟢 Why Choose Me? • Personalized Service: I work with only one client at a time to ensure your needs are met with precision. • Verified Data: Get up-to-date, actionable leads including phone numbers, emails, and detailed property information. • Targeted Leads: Includes U.S.-only leads such as: • Vacant Properties • Absentee Owners • High Equity • Divorce Sales • Tax Delinquencies • Foreclosures & Pre-Foreclosures • Distressed Properties • Inherited Properties • Tired Landlords 🔹 What’s Included: • Property details (beds, baths, sqft, etc.) • Owner contact info (phone numbers, emails) • Estimated equity and value of the property • Skip tracing for accurate and detailed leads 📝 Limited-Time Offe...

Cheaper cities that have an airport? (USA)

I am starting a new job soon that has me on rotations through the year (pretty much 3 week on/off). I can live anywhere in the USA as long as I am within 50 miles of any FAA airport. I still live in my original college town, and need to move from here. I am okay with any size city larger than a 25,000 population. I would prefer something in "the south" region, but im open to anywhere that doesn't have freezing winters (some snow is okay). And somewhere where rent is affordable. (My hobbies are gym and outdoor activities, so I'm not too worried about entertainment). Any recommendations of such cities? I did not know what community to ask. So please recommend others, if I'm asking the wrong group. Thank you for your responses. submitted by /u/Altruistic-Place5578 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gx2kw4/cheaper_cities_that_have_an_airport_usa/

Communication with building co-owner who is toxic

I own a flat in California that is in a building with several other flats and an office belonging to a family member who is very toxic and difficult to deal with. He owns about 2/3 of the building and I own 1/3 (based on the paperwork, but really, I just own my flat inside the building and he owns everything else). I have minimal contact with this person now because of his behavior and the fact that it is unsafe for me to deal with him (no threat of violence, just mainly emotional and financial abuse). For building expenses, I instructed him to go to another family member who is basically holding money that he refuses to give me (long story I won't get into, not in the US so I have no legal rights over it). The only contact I have with him is if I need to convey a message to him regarding something with my flat that might affect his tenants which comes in the form of a one-way email (I email him to notify him but he has no communication with me - if he needs to convey a message o...

Is leasing not for me?

I joined a brokerage and have been doing pretty decent already have 5 deals under my belt. Past few weeks though I’ve had a lot of no shows or flaky clients. A few beyond rude ones. Despite always working in customer service my whole life, reminds me how I am actually not a people person. The leasing exam I thought wasn’t going to be too bad from what I heard from others. Passed my class test first try with an 85%, and studied however much I could when I’m not working. School I was never a great test taker but still got a 3.77 gpa in college, never got below a B. Long and behold, I failed twice and my student permit expires next week. I told myself if I failed again I would look for another path that it would be better off financially and mentally. However, I am struggling to figure out what else I could do and I generally like real estate and the quirks that come with it other than the people and commissions. And when I have nice client, I enjoy working with them. This week have be...

Is the San Francisco Real Estate Market really bad?

Take a look at this single family home in the Bernal Heights neighborhood of San Francisco. It was sold in Aug 2015 for $1,250,000 for over asking back in August 2015 and now, is listed for $1,575,000 after enduring a $75,000 price cut. Thiat would average to a measly 2.8% YOY price gain. submitted by /u/Succulent_Rain [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gw9u7h/is_the_san_francisco_real_estate_market_really_bad/

Using real estate license at the back end when buying a condo

Hello, I would like to ask for opinions. I have an active real estate license and no experience. However, I found a condo that I like in LA and buying it. I’m using my parents’ lender for loan. When I was talking to her, she has a husband who is a broker. I said I like to learn how the whole process work in the future and she said her husband can put me in his company and do 50/50 in the beginning. Later 70/30 and then 80/20. She recommended that her husband should do the offer letter and put me as a realtor so i can save some money like $4000 to $5000. I was like okay. I thought her husband is getting $10000. Now when I look at the contract from seller, he is getting $20,000. So I feel like I was rid off which was saying 50/50 when I start working along side with her husband. Right now I haven’t paid EMA deposit yet. So should I ask for more money from the husband or should I just leave it at that? During negotiation stage, her husband offered me $6000 since I was taking my time to a...

Do brokers actually sue buyers for breaching an exclusive buyer agent agreement if the buyer decides to use another broker/agent to purchase a home?

I signed an exclusive buyer listing with an agent for 3 months when I made an offer on a home. Our offer wasn’t accepted and I don’t want to use this agent. Keep in mind I found the listing and just asked the agent to help us with an offer. A month later I’ve found another home I want to make an offer on. Is there any way that broker/agent can find out that I’ve breached the exclusive buyer agent agreement? What’s the likelihood that brokers/agents actually try to seek compensation from the buyer and go through mediation/arbitration? Side note, if I decide to cancel the agreement, I have to give 30 days notice and I don’t want to raise attention that I’m looking to make an offer on another home with a different agent. submitted by /u/Mrs_HarveySpecter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gvjuzb/do_brokers_actually_sue_buyers_for_breaching_an/

Marriage after home loan approval

If I apply for a home loan and get approved as a married couple but don’t actually marry until after we get approved (but before actually getting the loan and buying the house), can we still be approved? Asking because it’s a VA loan and my income is the only household income so we have to be married but aren’t yet. I wanted to just apply as a married couple to see if we would get approved. We would marry before actually closing on a house. submitted by /u/K_Rod_114 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1guvl84/marriage_after_home_loan_approval/

Should I be worried about buying a "niche" house

Just got my bid accepted at 10% over listing price for a 1.100 sq ft apartment on ground floor, with high ceiling (14.7ft), with the two large rooms (living & kitchen) on the ground floor (860sq ft) separated with the bathroom/storage in-between. The open bedroom is located on a mezzanine/entresol floor, accessible via stairs in the kitchen. This ceilings of this floor are 6.5 feet high. This layout fits our current lifestyle (young, no kids), but if we were to have kids we would need a place with closed off bedrooms. This also strikes the question, if we were to sell this place, would it be difficult to sell? Next to the high ceilings, the place is quite new, with a new kitchen, parking place, modern bathroom, good insulation, large windows. Only concern is the layout is not suiting families with kids or couples planning for kids whereas the house is located in a neighbourhood were people generally move to to have kids. The price of the property per square meter is lower than ...

Investment opportunities in Rwanda (East Africa)

https://www.reddit.com/r/RwandaDesignPresale/comments/1gut56x/real_estate_opportunity_in_rwanda/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button submitted by /u/Far_Office_6211 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gutm3y/investment_opportunities_in_rwanda_east_africa/

Can I make a 2nd downpayment after closing when I sell my home?

I’m very new to this, but we just had an offer accepted on a house, we got a good price, but it’s contingent on us closing at the end of the year. We didn’t set any other contingencies. Problem, given the timeframe, we def will not be able to sell our current home by then, which means we can put down about 10% now, but won’t be able to put down the remaining money after we sell our home which will probably be next year sometime. My question… what options do o realistically have to lower the payments? Can I do a second downpayment after our home sells? If not, can you think of any other options we can consider to lower our payments since we won’t be able to put down 20% at the time of closing? I want to note we can afford to carry two mortgages for the interim until we sell, question is lowering the payment due to putting 10% (conventional loan) Thanks! submitted by /u/taviyiya [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gu4cgo/can_i_make_a_...

Prospecting Pulse Check for Investors

How much prospecting do you guys actually do? And what does it look like? I hear lots of people talk about how you need to hit the phones X number of hours a day when you're getting started, or send X # of mailers, or whatever. Just want to hear what you all are doing - whether part time or full time RE investing, do you "prospect"? If so, what does that look like and how much do you do of it? submitted by /u/Odd-Profession-579 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gu22jb/prospecting_pulse_check_for_investors/

Abusive co-owner (Please help)

I'll try to keep this as clear and unconvoluted as possible, but it's been a real hell of a time for about two years now. My 77-year-old grandma, desperate to have a bigger house after (stubbornly) downsizing years ago, decided to finance a house via the help of my aunt's husband's signature. Both house title and mortage are shared. My family and I didn't like this a bit because both he and my aunt have a history of using, but they seemed to be on the right track...but still. Well, that all came crashing down. He even has active warrants out currently. He and my aunt are no longer in the house, but problems persist nonetheless. Most recently, they showed up and stole items from her sheds (stihl weedeater, grandpas tools, etc) and also cadged her engagement ring. They are scum. Upon witnessing this my grandma, rather infirmed with COPD (oxygen tank and all) walked over to the vehicle he was stashing these things in and tried to see what else he'd taken. He tol...

Timber company trying to back out right before closing

Buying acreage from big timber company in WA state. Raw land. Cash sale. 45 day feasibility. Feeling pretty good about things. We are a week away from closing. They paid for the survey as per the contract. Last week I hear from my agent that their agent says they want to terminate because the survey showed the corner of the property crosses the logging road on their adjoining commercial timber parcel. There is no easement. "fuck you" is my first thought. I look over our contract, no provisions that allow them to back out for any reason, let alone one such as this. Not only that, but the contract clearly shows the property line "to be hacked and blazed" by the survey, totally going over the road in question. They wait a few days and send a termination agreement they want us to sign. No mention of the road. It mentions a paragraph in the contract that has nothing to do with anything. I start researching. Talk to an attorney about suing for specific performance....

Rating a bad home or apartment for rent or sale after visiting it

So I've had this issue while moving around a lot. I go with a real estate agent to visit an apartment or house for rent. I usually have a checklist that I take with me (on my phone) and make sure that most of the stuff gets checked off after making sure that the place meets my requirements. Without the checklist I have forgotten some things in the past and really regretted not making sure the place had it. Then of course there are the places that are simply bad that have all kinds of issues including things outside the home like train tracks nearby, a noisy street, dogs barking, garbage all around, and so on. I'm thinking of getting an app built to handle this. It would let others know what you thought of the place and maybe it might help them to decide whether it's worth wasting their time going there to visit. I also think it would be great to rate the real estate agent or company. I've had agents lie to me. They should be punished for this. What are your thoughts...

What should I do? (Sell house? Get a flex loan? Help!!)

Hello. So I’m not very smart with real estate and I’m in a predicament. I bought a house/farm in Oklahoma for 300k. We have owned it for 3 years, no issues low morgage $1,300 a month including insurance. We owe 210k left on the loan. Anyways, my husband was sober for 9 years and relapsed with his new friends got himself in trouble and will be serving two years in prison. He’s always been the bread winner and I’ve always been the stay at home mom of 2 for 12 years. Now he’s leaving for prison and I’m left to figure it out. I did a forbearance and I’m on my 3rd and final month. What do I do next? I put my house up for sale, it’s worth 425k now and I owe 210k left. I figure that’s allot of equity and money to make on the house. And I do want to move as I HATE the location, want my kids out of the schools in this small town, and I would love to find something better and safer (although it’s 11 acres. We are on a highway close to the major highway) anyways…. It’s been on the market for 24...

300k to buy a house

Hi all, a family member has offered 300k to help me buy a home. It's not money I can just have and is specifically for buying a home. The thing is I work abroad and move countries often for work and won't be settling down anytime soon, but I'd like to take advantage of this opportunity. I was thinking about buying (paying cashing) and renting out a small apartment in midtown Atlanta for 250-280k, saving some for unexpected costs, and investing the rest. Midtown is close to a couple universities with a steady flow of wealthy college students looking for housing and I figured it'd be easier to own a place in a building that is managed rather than a stand alone house. My brother lives nearby and agreed to act as landlord for me. I've been doing research and Atlanta is consistently touted as a smart place to invest but I'm out of my depth here. Any advice/thoughts would be appreciated! submitted by /u/Excellent-Job7144 [link] [comments] source https://w...

Inviting homeowners to sell?

I am trying to buy a house in an area with little inventory. It’s not going well. I am already working with an agent, but I met another agent who says that they often find off-market properties by reaching out to homeowners in the area in which I am looking. He explained the process of determining which home owners are likely to have equity, which homes meet my requirements, and “inviting” them to sell. My question for realtors or homebuyers: does this strategy often actually work? I can’t imagine selling my home because someone sent me a letter. But maybe people do? I’m trying to decide if it’s worth switching agents to try this strategy. My agent has probably shown us at least a dozen homes (before we settled on this area) and I have a bit of guilt about breaking my contract with her. And I just don’t know if this strategy is really worth it. submitted by /u/EbbStunning7720 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gsm3xm/inviting_homeowne...

You considered using a flat fee agent, but ultimately went with a traditional agent. Why?

Curious to learn what made you pick a traditional agent vs a flat fee listing service when you were selling your property. If you were actually aware of and looking into alternatives to the traditional 6%. Obviously the listing fee savings are ridiculous, $100-$500+ (up to low thousands/1% if the provider offers a full service option) vs a 2.5-3% with a traditional listing agent. Yet you decided to pay more anyways. Why? What's the one thing (or more) that made you say no to flat fee, yes to traditional? Much appreciated! [PS1: I'm sure i may get a flood of "you get what you pay for" responses from agents themselves, I hope they'll refrain - please refrain!, as I'm curious to learn the thinking of genuine actual sellers; PS2: cross-posting, as this community may be a better fit than a fsbo community] submitted by /u/XrealEstateBroker [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1grvmvb/you_considered_using_a_flat_fee_agent...

Inspection found leaks, closing next week, trouble finding insurance: Freaking out

Hello everyone, I am under contract and my home inspection found a couple water stains on the ceiling drywall, one that was recent. The house was built in 1995 I’m having trouble even finding a home insurance company to offer me a quote because the roof is too old. We are set to close next week and I am freaking out (reason for the 2am question). The square footage of the living space is 2800 and the garage is 781, so around 3600. I saw online that you take the sqft and multiply by 1.12, then * that by the cost of the material you are using. I would be using asphalt shingles and those are apparently $4 - $15 per square foot. So by that math, I would be looking at between $16k and $60k. The sellers realtor told me that they got two quotes for $23k and 27k, but hasn’t shown them to me or my realtor. She also told me that they said the roof had 4-5 years left. But when I asked the inspector yesterday he told me 25yeras is the expected lifespan and this house was built in 1995 so only a...

Shadnagar open land for residential projects

Rainbow county is a hmda project with 50% Bank loan Just 2 mins drive from bangalore highway, and 2 mins drive to shadnagar town , very high scope returns in upcoming years Rainbow county shadnagar open plots submitted by /u/hmda-plots [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1grsegf/shadnagar_open_land_for_residential_projects/

Bought my house when I was married back in 2012.

Hi. I got divorced two years ago approximately. I own a house free of mortgage. This was bought in 2012 when I was married. The property was given to me by my x . I basically cashed her out with a cashier check for the amount she requested and kept the house. Everything went through and judge signed, we signed and everything was finalized. It was peaceful. I was thinking about buying another house and renting this out but I don’t wanna miss out on tax free money bcs once it’s used as a rental, the tax benefits gone. I’m I correct? So it’s better to sell and get the tax benefit and then perhaps buy a rental if I want to. So my question is, now I’m not married, does the 500k capital gain applies or up to 250k ? Thx . I live in Missouri submitted by /u/smooth-vegetable-936 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1grrd0b/bought_my_house_when_i_was_married_back_in_2012/

Interspousal transfer grant deed

Hello this won’t be taken as legal advice just looking for insight into this situation. My parents are separated (but not legally divorced) and have been for 14 years. My dad is trying to buy a house with his current spouse but his realtor says he can’t unless my mom signs an interspousal transfer grant deed to move forward. She’s skeptical to sign. Just wanted to know if this is true that this is necessary or can he move forward in buying the house and doesn’t need her at all? submitted by /u/naomiijanie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gr072y/interspousal_transfer_grant_deed/

Georgia heiress sues for £36m over ‘moth-infested’ London mansion

Moths are relatively small insects with wingspans of around half an inch — but as a Georgian heiress has discovered, they can be insatiable little critters. Iya Patarkatsishvili, the daughter of an oligarch, and her husband are suing a property developer for £36 million over an infestation at the Victorian mansion they bought in west London in 2019. You can see the Notting Hill mansion here . The property included a pool and spa, gym, wine room, library and cinema— but just days after Patarkatsishvili and Yevhen Hunyak, a dentist, moved in, the couple spotted the first signs of an “infestation”. Full story: https://www.thetimes.com/uk/law/article/georgia-heiress-sues-for-36m-over-moth-infested-london-mansion-qm2f899gh submitted by /u/TimesandSundayTimes [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gq90s0/georgia_heiress_sues_for_36m_over_mothinfested/

We finally had an offer accepted after 3 years but we think we need to back out

This is a tough one for us. We’ve been looking for the perfect forever home since spring of 2021. Timing never worked out with house prices and interest rates, but we finally found a house that was recently listed that we liked and was mostly in budget. It has a nice big yard and a cute (albeit somewhat small) house. It would be a temporary spot for us-maybe 5 years. It’s in a great town with excellent schools and very close to grandparents in the same town. We walked it through and it wasn’t perfect-we made a little list of doable upgrades-but we thought it was a great starter home to begin raising our family of 2 (2y and 0y). Prior to putting in an offer, we had begun doing diligence (a lot of it) on the septic. It passed Title V in February. But we didn’t know how old it was and didn’t want to get stuck with replacing it, so we asked. The current owners have only been there for 10 years, so they weren’t sure. The house was built in 1963 and the town had no record of septic install...

Considering a condo, what floor do you pick?

Started looking at condos, currently looking at ones that are either 3 or more stories. Personally for moving purposes I hate stairs. I also am not a fan of hearing people above me, and have also always been told to stay way from first floors as they are more likely to be vandalized etc etc. Would like to hear other people’s opinions and how they chose what floor (if they could). submitted by /u/Medium_Ad8311 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gpflgx/considering_a_condo_what_floor_do_you_pick/

Help epilepsy man to complete his college!

Young man suffering from epilepsy, he works and spends his money on medications that cost high. He wants to complete his college but cant to make money to complete He needs your donations https://gofund.me/9779cd53 submitted by /u/Money_Writing_1989 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gpgckj/help_epilepsy_man_to_complete_his_college/

Data Analyst Seeking Realtor Insights

Hello everyone. I apologize if this isn't the right place to post this. I'm a data analyst conducting a study within the real-estate industry about the challenges facing realtors who are new to the industry i.e. still in their first few months to 1 year as licensed professionals. Particularly in relation to marketing as this has proven to be the most challenging factor that affects new and even some experienced realtors within the industry. To facilitate my research, I would like to conduct a series of interviews with a few realtors within this category. I believe there are practical, simple and cost-effective solutions to a number of the issues facing newly licensed realtors in relation to marketing. However without holding actual discussions with individuals within this category, both potential solutions and problems are subject to bias and misrepresentation. I would greatly appreciate it if I could connect with a few realtors within the community in this regard as I belie...

RE and indexing

Hi. I’m 45 with two kids. Divorced and I own everything that I have. My net worth is 1m and 250k plus . this is 500k index, the rest is my home and bonds, cash etc. I’m already heavily invested in the market and happy with it for my risk tolerance and always invest in it biweekly regardless or DCA . I own my house out right. I have 400k in T bills plus I also have a good emergency fund in a HYSA . Bcs of my risk tolerance, I can’t be all in the market. I was thinking to buy another house for myself and daughters to live in using the money from T bills and renting out my current home. I like diversification into different types of investments. I also like owning two houses out right . I’ve been trying to figure something out for a while. I know RE is localized, I live in Missouri and 400k will get something good even with the crazy market. Not trying to run after returns but still trying to at least keep up with inflation and build more wealth I guess. submitted by /u/smooth-vege...

Tell me if I should make an offer

Me (33F) and hubby (37M) own a home in very popular family-friendly suburb of M/HCOL city. $260k per year combined gross income. Looking to upgrade in house and keep our current home as a rental property. This is my (our) first foray into real estate investing and looking for opinions. TIA! Stats: Current house: Valued around $600k, 15-year mortgage is around $3k, including taxes and insurance. Expected rental income also would be around $3k. We owe $240k on it and will be paid off in 10 years. House I want to buy: Originally priced $1.03M, now at $895, and we think they might accept $840 (we get here via another sale price reduction, and a 321 buydown). Very motivated sellers. It’s beautiful, great location, checks all the boxes for us. My husband isn’t totally sold on some of the finishes (house leans a bit more classic than modern/trendy, I am okay with this, I sort of like that about it). We would put 10% down, and one of us would take a 401k loan. We make significant contribut...

Advice for Investment Property with Friends

Hey everyone I’m looking for some advice about buying investment properties with friends. Two of my close friends and I are thinking of creating an LLC to buy an investment property. We’ve known each other for 15+ years, and we’re all pretty comfortable financially, so I’m confident in our relationship and trust levels. Each of us has around $25k that we’re willing to invest, and we’re planning on pooling our funds to buy our first rental property. A few details about our plan: • We each already own our own primary residences, so this would be purely an investment venture. • Our goal is to buy our first property together, rent it out, and eventually refinance to free up funds and move on to the next one and so on. I’m looking for tips on: 1. Setting up the LLC: What are some key things we should include in our operating agreement to protect everyone’s interests and keep things smooth? Anything you wish you’d added when you set yours up? 2. Financing Strategy: Are there particular l...

Friend Moved Houses 5 Times in Past 10-15 Years

I have a friend who moves out of his house every 2-3 years. He is not a rehabber or having to move for work, and he has a wife and young kids. Can that possibly be smart? it seems to me that the transaction costs would be extreme, and disruptive to his family, but I wonder if I'm missing something. The homes have gotten a little bit bigger each time, but not a lot. submitted by /u/ridersofthesky [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gnvn8t/friend_moved_houses_5_times_in_past_1015_years/

Is there a decent how to buy houses/condos book/tutorial/video series?

I'm really young and new to this whole thing. I have enough money to put a downpayment on a condo, and I assume enough to pay off a mortgage. Problem is I know so little about how the whole thing works I might be missing other fees and such. There's a lot of jargon I simply might quite understand either and am worried about it. I'm from New Jersey and intend to buy something in the Bergen county region. Please recommend me any sort of general knowledge, idiot's guide to buying condos. submitted by /u/exoventure [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gnvhv6/is_there_a_decent_how_to_buy_housescondos/

Buying home with 3 people involved

I’m looking to buy my first home, my parents and brother are home owners. This whole plan is to help get my foot in the door with homeownership. Here is our current scenario and brain storm plan. There is a home listed for $680k. We all agreed to put down $100k ($300k total). I will be the sole person on the loan ($380k) so I can use the house as a deductible. All 3 of us are on the deed of the house. This house for me so I will be living in it and paying the monthly mortgage. My parents do not care for the month they are putting in, it’s basically giving me my inheritance now as buying a home will get even harder in CA. Now, as for my brother. How do we find a way for him to make profit from this or benefit something? I’m the one paying the mortgage. Say we sell this house in 15yrs, I don’t believe it to be fair that he owns 1/3 which means he gets 1/3 of the profit. Wouldn’t I have lost money considering how much I’ve been paying of those 15yrs? Any other ideas on how he could pr...

How much life can you expect from a 100+ year old home?

I'm considering buying a house that is currently 120 years old. I know that many homes in Europe have lasted for centuries when properly taken care of. But I'm not sure if the same would hold true of a home in the states or not. We have different building standards after all. On average how long does a home that's reached that age last? submitted by /u/Warmasterwinter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gn7eq7/how_much_life_can_you_expect_from_a_100_year_old/

does anyone know the Guatemalan version of zillow or realtor.com

My mother is from guatemala but was brought to the US. She’s been wanting to buy a house in guatemala but we can’t seem to find any good websites to browse for houses. Hoping someone has the answer !! submitted by /u/Personal_Attempt3341 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gn5ynz/does_anyone_know_the_guatemalan_version_of_zillow/

Question about California mello roos and escrow

Pardon my ignorance, we are first time home buyers and new to California. How are mello roos paid? We are opting to not have our property taxes and insurance in escrow and we will just pay these once per year (or in two payments for taxes). Will mello roos be added on to our property tax bill or is it a separate bill entirely? Is it something we have to pay monthly? submitted by /u/nvUaWVm360S [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1gn5kmk/question_about_california_mello_roos_and_escrow/

Delhi District Commission Orders Shree Vardhman Developers To Refund Amount Paid By Homebuyer.

Very newly a judgment was given by the District Consumer Disputes Redressal Commission directed Shree Vardhman Developers Pvt. Ltd to refund 48 Lakhs with interest to homebuyer for delayed possession and deficiency in service. In this case, the complainant allotted a flat in the builder's project named Shree Vardhman Gardenia, Haryana and paid initial amount of Rs. 1,00,000. The homebuyer takes a loan of Rs 41,48,001 for the purchase from ICICI Bank. The bank directly credited Rs 38,68,001 to the account of the builder. He had signed a Flat Buyer's Agreement with the builder. As per the agreement, he was to bear the EMI payments of the loan till the date of possession was given to the homebuyer. However, this quickly became frustrating when builder stopped paying EMI to the bank due to which financial stress was inflicted upon the homebuyer. This issue is attempted to be solved in many ways. Homebuyer has sent numerous letters to both the bank and the builder. All of his l...

Am I too conservative/calculative/risk-averse?

Hello Experts: We are a family of 4 (Me, my partner, and 2 kids - 5 year and 6 month). Both I and my wife are W2 employee and have a combined household income of nearly ~ 500K out of which 300K is cash and 200K in stocks. Currently I own a house (2B2B) in a great area and my EMI is ~ 4K with a mortgage rate at ~ 2.5% for 30 years (26 years are remaining). My finances are ~ 800K in stocks, 240K in 401K, ~ 300K in HYSA. My monthly expenditure is ~ 12K/month (including my house and car EMI). Our family is growing and the prices in the area (Seattle suburbs - Bellevue/Kirkland/Redmond) are soaring. We are in great school district (Elementry-8, middle-8 and high-10). We have been thinking about upgrade the house as family is growing and the houses in the area are ~ 1.8M which we are looking for. I am debating within myself a lot if I should Sit tight in the current house (we love the house and location) for next few years and wait for an opportunity Go for the house - Sell the stocks a...