Hi everyone! I obtained my real estate agent license in California in the summer of 2024. I wanted to get my broker license, but it requires 2 years of salesperson experience in the last 5 years. However, I noticed that equivalent work experience could also make you eligible. I have 6 years of experience working in appraisal, as well as in construction team management and sales. However, this experience was in a foreign country, from 2014 to 2020. Do you think they will accept my experience? I couldn't find a clear statement saying that this experience should be within the US or within the last 5 years. It also doesn't specify how long the experience should be, or if it must be as a contractor or a W-2 employee. Please let me know if you have any relevant information. submitted by /u/wdrcoo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hqai0y/can_i_use_my_foreign_country_experience_as/

https://www.reddit.com/user/golddustwoman3322/comments/1hq9sq1/how_do_i_get_ongoing_construction_project_data/?utm_source=post_insights&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button submitted by /u/golddustwoman3322 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hq9tq1/ongoing_construction_project_data/

My husband is a fed, and his job might require us to RTO to DC. If it happens, it might only be for a few years, but we just don't know. We bought a 4 bedroom new construction home 4 years ago and have a 2.25% interest rate. Around 75k of ourhome, purchased at 475k, has been paid off. Estimates very, but I expect at least 575k if we sold our home. Our monthly mortgage is $2200 a month. The rent estimate is $3300 a month, which seems accurate based on comps (definitely at least 3k a month). We'd either get a property manager and rent for the full market rate, or rent to my SIL the amount we pay on our mortgage. They are childless and have no pets; while underpaid, I trust them to be responsible tenants. Since have a toddler, and my husband was laid off 2 years ago, our savings aren't great right now in terms of a down payment. If we didn't sell, we'd basically have to rent, which would be 3k a month for a 2-bedroom. It's hard to give up that low rate, espec...

Looking for advice on my DADU exit strategy! I'm finishing up a DADU project and trying to figure out the best next steps. Once it's done, the property value will increase, leaving me with about $150k-$200k in equity. I currently am 2yrs into a 30-year mortgage at a 5.5% interest rate @ 2700/mo but the property isn't in an ideal area-it has high crime, a lot of noise, and low-income apartments are being built right next door. I'm debating whether to sell the property and cash out the equity to fund my HVAC business or hold onto it, rent out the DADU and main home (roughly $3400) and use it as a long-term investment. My ultimate goal is to either buy another primary home in a better area or rent after this project is complete. For context, I'm 25 and I'm focused on growing my HVAC business which I know is where my time is best spent. I'm torn on what to do here, anyone been in a similar situation? submitted by /u/Sweet_Swordfish5206 [link] [comm...

Hey guys, I need advice. This is going to be a loaded post but I’ll try to condense. My mom has terrible credit, like 520 at best. Her, her boyfriend and my 21 year old brother live in a trailer that should be condemned. They rent it now and live in the living room, the main bedroom has holes in the floor and is just not livable. It’s disgusting and it kills me to know she lives like that. She’s chronically depressed and I see her slipping away. Her living conditions are bad for two main reasons. 1) money, she has a 42k salary 2) the BIG reason is her boyfriend. He is a registered sex offender; non violent. Before passing judgement, please know this guy was abused as a child and was in foster care - passed around house to house before getting charged at 18 and spending several years doing petty crimes and just ruining his life. I truly believe his environment and family set him up for a shit life. With that said, he is a big burden. He is my mom’s care taker, he takes great care of ...

Hi! I’m 23F and I just graduated college with an english degree (😅) but i’ve been working in nonprofits since I was 16 and lucked into an amazing first job with an one of the biggest and best real estate non-profits! I love my job so far, but it’s my first time being surrounded by such wealth (and very hard working, deserving individuals.) To be quite honest, I‘ve had a rough few years juggling multiple jobs to finish school, and the idea of myself not living paycheck to paycheck seems light years away. This is all being said, I guess I’m posing the question towards the group of what I can do now to start building that kind of future for myself. I find real estate very interesting, and i’ve loved learning about all the machinations behind development- I’m just not sure where to begin within the industry (investment/rentals are definitely not an option for me yet). I’m also looking to go back to school, but being that I don’t know where to start, I wouldn’t like to begin classes aga...

I am an expert in google ads and meta ads. I have managed more than 5million+ in Ad spends. Shoot your problems and questions. I am here to help for free but if anyone is interested in working together can shoot a PM. submitted by /u/yourhomie123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hot6uu/hey_are_you_struggling_to_generate_leads/

I bought my first home directly from a family member without using an agent. Now that I’m looking to buy a second home in a more traditional way, I’m considering working with an agent but have some concerns. I understand that traditionally, the seller pays the buyer’s agent’s commission. However, I’ve heard this is becoming more negotiable, and buyers are increasingly covering their agent’s fees. Since this is more negotiable than it was, how common is it for sellers to still pay the buyer’s agent’s commission? Would it be unreasonable to begin working with an agent expecting the seller to cover these costs? I’d appreciate any insight. submitted by /u/camoxxxxx [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hor2gn/how_often_are_sellers_paying_for_buyers_agent/

Bought a house in NYS in summer but I'm regretting buying this house as we have 3 little kids and my partner and I work full-time in office, our commute to work is now 45+ miles each way (initially we both worked remote but now we are told to be in the office 5 days a week). and we are spending more time in traffic than at home, with each other and with our kids. We do wanna be homeowners and would like to buy another house closer to NYC. The current house itself is great, doesn't need any improvements. Specious + 1.5 acre land. There is currently a 12 greenhouse solar farmhouse being built next to our property that should be completely built in next 5 years. We are in "no rush" of selling it but wouldn't hesitate selling it if we get a good offer whenever in next couple of months or 1-2 years. A few questions: 1- What can a real estate agent do for us? Should our agent or we reach out to the farm owners and see if they would like to buy our house and expand...

Im doing a self paced online cert IV in real estate practice, mind you im in australia, but the course is open book and i can technically just use chatgpt and other brain rot resources to complete it. So my question is should I actually try and learn? or is it fine to just half ass the cert because real work experience will actually teach me. Advice would be greatly appreciated. Thank you submitted by /u/Parking_Bass_8956 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hncgmk/those_who_have_done_their_certificate_in_real/

We wanted to wait one more year and save a total of 15k but it’s been impossible to find apartments to rent to us. We have a place that’s crappy but we took it to pay down our debts. We’ve gotten A LOT paid down besides my 16k in student loans and a repo from 2020. Should we try rent to own or maybe an owner? I don’t know how much luck we’d have with a lender. What are our options besides FHA loans? submitted by /u/Frequent-Visit7649 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hnbekm/need_to_buy_10k_down/

Purchased home in Oregon 2002 for $400K. Primary residence married filing jointly. Sold in 2024 for $1.6M. Gross gain is $1.2m. Minus the $500k deduction (married couple) and $200k capital improvements is a $500k net gain. I moved to FL. On the way out the door Oregon dinged me for $50k gains tax. Question: can I reduce my federal gain basis by claiming the Oregon tax as a closing cost or something else? submitted by /u/Potential_Present124 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hna1bf/real_estate_gains_tax_question/

Hello, I bought an apartment during Covid. I would like to buy a new home to live in but would prefer it to be a multi-unit so I can live in one unit and rent out the others (ideally 3-4 units total). Some folks have suggested FHA and others a conventional 97. Technically since I own a home already do I qualify for either program and what are the pros and cons of both, or is there another type of mortgage I should be looking out for? Any info would be appreciated! submitted by /u/DogsPCandCars [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hmo7g5/loan_types_for_multiunit_house_hacking/

Quick background: Wife and I got divorced, I lived in the house as long as I could but mentally can’t take it anymore. So I’m moving into my own apartment as well until it sells. Now you’re caught up. So that being said, I purposefully kept the house pretty empty knowing I’m gonna have to move more stuff as soon as the house sells and I move anyways. The main areas of the house that are completely empty once I move out, are the living/dining room and the master bedroom. Totally empty. There’s some decor on the walls still but nothing major and no furniture. I’ve got a Imgur link at the bottom for reference. These pictures were taken before she moved out and took all of that furniture. How the heck would I go about staging something like this? I doubt leaving the rooms totally void is advisable, just plants in the corners or something? I don’t have money to professionally stage it… https://imgur.com/a/KWBBy0a submitted by /u/ThisGuyTrains [link] [comments] source https:...

Good morning, My grandfather in law which was Italian died in last month. He left my grandmother (non-Italian) a house where they were living for last 9 years. After he died she want move back to my mother palce (outside Italy). Does anyone know how capital gain taxes looks like in case she decide to sell a house? I find some information in the Internet, but they are contradictory to each other. In general in our country if single person inherited 100% of property and it wasn’t pucharsed in last 5 years, you don’t need pay capital gain taxes on selling it (in case multiple people inherited share of house it looks differently). I’w wondering if similiar case also apply in Italian law. Thank you for any information in advance! :) submitted by /u/seba1seba [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hmlnwd/selling_inherited_house_and_capital_gain_taxes/

Hi everyone, I have a quick question: Are real estate agents legally or ethically required to disclose the presence of state housing near a property they're selling? I’d really appreciate any insights or experiences you might have on this. submitted by /u/Dry-Permit-3920 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hlx4ov/what_information_real_estate_agents_must_disclose/

I figured this would be the placeto go ..I know when you buy and finance a property that the down payment needs to be in an account priorr to the process..Do ROTH AND other IRAS that are eligible for withdrawals qualify the same as if it was parked in checking or savings ? thx submitted by /u/mako1964 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hlznbx/down_payment/

So I just bought a house in Texas and I’m currently out of town rn and when I first moved in I asked my realtor to have a cleaner come out bc it was still dirty. A day goes by without hearing from him and then today he responds saying that they just got finished cleaning td without giving me a heads up before hand, telling me what cleaning service, and discussing the areas that need to be cleaned so I’m just worried if my shit is going to be gone when coming back should I? submitted by /u/Alternative-Tale-462 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hlxw5z/house_cleaners/

Usually when a home is put in a trust it’s for an elderly owner so when they do pass the family can avoid probate. I’m not of old age but anything can happen in life. As a benefit from my company we have a legal service which has various uses I have used them before but I found out that one of the things I can utilize them for free would be to create a trust and put the home in this trust. Is there really any benefit of doing this, even if it’s at no cost to me? Doing some research it seems the main cons of doing this is cost which isn’t applicable here, but the pros there seem to be none unless I do pass away. submitted by /u/Gaitville [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hlwjiu/benefit_to_putting_a_home_in_a_trust_when_not_of/

Me, my boyfriend (both 19), and our daughter (4mo) are looking to buy a house for the first time since a mortgage is the same as rent but this economy can be pretty scary. Any advice to us? I’m also looking to get licensed in the state of Utah for real estate and I’d love tips for that as well! (Working on ged then enrolling to get license) submitted by /u/Enbunniee [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hlaeh2/looking_for_advice/

https://professpost.com/13-4-of-u-s-homeowners-are-not-covered-by-homeowners-insurance/ submitted by /u/Coolonair [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hl8zhs/134_of_us_homeowners_are_not_covered_by/

The Settlement Agreement between the plaintiffs and NAR, et al. does not specifically authorize listing brokers or sellers to offer money to buyer brokers off the MLS. Rather, it "does not prohibit the practice." It could not, since that is not how the case was framed. It is really important for Realtors and their brokers to understand the difference: Specifically Authorizing Conduct Definition: This means explicitly granting permission for a particular action or behavior. The conduct is officially approved and endorsed. vs. Not Prohibiting Conduct Definition: This refers to the absence of rules or statements explicitly forbidding a behavior. It does not equate to explicit permission but rather leaves the matter unaddressed. Now if I was a listing broker and just got sued and lost a case for offering money to buyer brokers, would it really be a good idea to go out there and start doing it again with the only difference being that I was offering the money off the MLS? ...

I have an accepted offer to buy a condo on the first floor. 1% of earnest money has already been put down and I really like the property. However inspection was $575 then to test for mold was $100 extra so the total end up being $675. The most test result came back positive but I was told it can be remedied. I have an infant so that causes major concern should I walk away from the house or get it remedied. Also, my real estate agent informed me a lot of houses have mold so I would hate to walk away then it’s still a constant issue in each house I look at. submitted by /u/Adventurous_Special5 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hkkgcr/mold_in_condo_maryland/

A Section 8 tenant lived in my rental for two years and came with the house when I purchased it a year ago. When they vacated, they left the property in an unlivable condition: trash everywhere, holes in the drywall and floor, a broken closet door, and dirt-covered walls. Repairs and cleaning will cost around $15,000. The property is in Georgia, and I’ve learned the DCA reimburses up to $3,500 for damages beyond normal wear and tear, exceeding the security deposit. Has anyone gone through this process? Besides small claims court, are there other ways to recover these damages? submitted by /u/Typical_Notice7309 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hkiq6c/section_8_tenant/

My husband and I have found what looks to be a fantastic starter home for our family at a reasonable price ($460k) for the area and what it has to offer. It’s been on the market for a little over two weeks, which is a little longer than normal for our area. Doing some digging online, I saw that the Secretary of VA Affairs looks to have “bought” the house for $0 in March. I’m assuming that the VA took over ownership to avoid foreclosure on the previous owner who may have been a veteran (unfortunate situation if that is the case), although not sure if that’s how it works. Although the price is reasonable for what the house provides, it is a little on the higher side of the spectrum of what we’ve been pre-approved for by the bank. Wondering if anyone has any experience with VA-owned homes? Is there any wiggle room for making an offer, say, $20k-$30k under asking, or with situation like these, is VA Affairs looking to get reimbursed for the exact amount they spent when ownership was t...

My husband and I bought this home 4 years ago at the start of the pandemic and loved the house. We just didn't realize this place had a terribly noisy neighbor. Literally playing loud music we can hear inside of our house for hours almost everyday. I work from home and it's really distracting when the music is so loud, it's almost rattling my windows. We have tried EVERYTHING except fighting back. We tried talking to them, we tried calling the cops, NOTHING HAS WORKED. The guy that lives there is a complete AH. We eventually got to the point where we couldn't take it anymore and decided to sell the place. We originally bought it with the intent of staying here for 10+ years, so we haven't done anything to the inside of the house except painting. We have taken out a 40k HELOC against it to get a new fence (the old one was disintegrating and almost falling over), stabilize and raise the foundation, and take out a 15'×22' shed that was half finished to eventua...

I am eyeing a very small condo in a huge apartment complex that is bank owned. The property has been on the market for a while. It has had a recent price reduction. In looking at the deeds on this place it looks like a very old man lived in the condo and had a reverse mortgage, he passed and his estate sold the house back to the mortgage company for 1 dollar. The condo is small and needs work but the work looks manageable. My goal in getting this place is to help my son who is partially disabled get started. He can't do it on his own and we are in a high cost of living area so this might be our chance. I don't know the mechanics of buying this sort of place and am looking for advice. submitted by /u/KindLion100 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hj9g3u/bank_owned_property_looking_for_advice/

Can anyone out there tell me what type of compensation to expect from vandalism that just took place at my home on Sunday. Long story short the automobile insurance of the driver whom collided head on and at 30 MPH (approx) into a mature living trees and a bush, clueless neighbor was shitfaced then wanted to tell me “how we are gonna handle this mess. You have to understand he was locked up in prison for 12 years so he feels a need to be the man at every chance so as to avoid being $adomized. Hehe, just kidding. Anyone got some feedback to help a brother relax and take it easy while I wait for this adjuster? Thanks ya’ll! submitted by /u/Dependent_Annual2303 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hj7p7z/help_a_brother_out/

I'm new to the world of property management/ investing and wanted to get a feel for the general pain points people (with PM as their side gig) experience when self-managing multiple (2-10) properties. I talked to a few people already, and they highlighted maintenance, unreliable contractor timelines, and market research. For everything else, they just use a spreadsheet and some reminder apps. The biggest issue seemed to be market research, as most are conservative with their money and don't want to pay a company for digestible data. So, I'm curious: what is the biggest issue you (if you invest in/ manage residential properties) face with property investments? submitted by /u/Purple_Base_8123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hj7aw9/pain_points_of_residential_property_owners/

We are in Raleigh NC area. Kids have moved out, and we have decided to downsize. We have signed a contract with a builder, and he expects to finish construction and close in June, depending upon weather, etc. We are concerned about the timing of putting our current home on the market and the risk of aligning the sale and closing of the current house with the new house. I understand we can incorporate the date to close in the contract to sell, but what if the construction is delayed and we need to reschedule? We have been considering an "IBuyer" like OpenDoor since it seems to have more flexibility so we can align the date for both closings. However it looks like the offer price is lower than we will get by selling through a realtor. I also understand OpenDoor has some hidden fees. Looking for recommendations. Thanks submitted by /u/Ready-Care-8491 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hihvvf/building_a_new_house_and_concerned_a...

Durham/Chapel Hill, NC I'm interested in a townhouse near durham, NC. It's been on the market for nearly 300 days. OD bought the house for $300k, initially listed for $330k and they've slowly been trickling down to $290k. I'm pre-approved for $290k but I'm not giving them that for this overpriced townhouse. I offered $240k a few days ago according to the advice of my agent, they rejected my offer and didn't even counter. I like the house, but I'm not giving them more than $275k. I plan to offer $265k next week. Other houses in the neighbored recently sold for around $290k but there are houses that are listed from $265k-$350k. My agent says that they're probably waiting out xmas bc people will start buying again and that someone will probably buy it before me, but this house has been costing them money for almost a year and it has less than 15 favorites on Zillow. I thought they'd be at least a little desperate. Is this a reasonable offer? If not, w...

My town has, what looks like to me, a number of abandoned properties. (Our population has been on a decline for decades.) I'm thinking, if it's just sitting there and rotting maybe I can buy it and clean it up and have a place to hang out and grow a garden or something. Maybe get a garden shed to store a lawnmower, but not have a house or anything. I would use it for a hobby property where I could go and hang out. But I don't see these places for sale. How would I go about seeing about getting one, and is this a hare-brained idea? I'd really like to have a place to go and hang out just for some privacy. It doesn't need a structure. submitted by /u/dresserisland [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hhssvc/im_interested_in_an_abandoned_property/

I recently tried to purchase a unit in which I paid a 0.25% deposit for, the agent in writing prior to the deposit being paid advised me that the strata amount per quarter was approx $990. After I entered into the cooling off period and run a strata report, the report states that the strata is actually $1300 a quarter which is significantly higher. After seeing this, I've gone back to the agent and advised that I'd like my deposit to be returned on the basis that information they've provided is misleading and that they have under quoted me. I didn't want to proceed with the sale due to the dishonesty. Even though they have put "approx" maybe to cover themselves, by definition, the actual Fee is not an amount that's close to what they have quoted via email to me and even on the listing currently on Realestate.com.au They have refused to give me the funds back. Does anyone have any experience in this or know whether I'd have any luck with NSW fair tra...

Living in LA area. Family member offer to sell half the house that's worth 1.2mil. I will pay $600k total. They will let me pay $300k down payment and $300k loan at 3% interest rate for 30 years. Of course everything will be in writing. I can live in the house all by myself and give them half of the total rent. The market rental rate for the house is about $4k and I give them $2k a month. Is it worth it to take this deal? I can't buy the whole house by myself but buying half the house is doable to me at 3% rate that they offered. Let me know what you think. submitted by /u/RainSparro [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hhnpxh/is_it_worth_it_to_coown_a_house_in_a_hcol_area/

Hello, we are closing on a house shortly and we wanted to make sure that this Lally column is ok? The house is 34 years old. Is there any concern with this Lally column from structural engineer standpoint? https://imgur.com/a/oo35e8l submitted by /u/rentalsearch234 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hgzfob/urgent_lally_column_question/

I'm trying to sell my house. I signed on with an agent. I haven't owned my house long but the previous owners left the property full of junk. My agent said hey I'll have my teenage son help you load stuff into a dumpster. She brought him over and said she had to go elsewhere and would come back for him. She saw my side by side and suggested to her son he use that to load with junk and bring to the dumpster. I monitored him working while I also worked outside in different areas. At one point I went inside to tend to my baby. Shortly after that he comes in with three of my young kids, who are all hurt, because he had them on the side by side and ran it straight into a tree and they were ejected. One of them was bleeding from the mouth, one has a loose tooth, all are bruised and sore. I'm extremely thankful it wasn't even worse. They are all under the age of 8. We look at it after he leaves and it is probably totaled. Frame damage that could only have been done if he...

I am on f1 opt visa. How can I get into real estate business in any form ? submitted by /u/Puzzleheaded_Owl4900 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hgxd5j/international_student_from_usa/

The title is the question but I'll give a little personal background in case anyone has any other advice. I'm a 25 M, just started college and fresh out of the military. As of right now, I am unemployed. ( I was unemployed so I could focus on school and I have a residual income from my VA disability rating) I do not plan on staying employed, I am looking for a job currently since this semester is going to be light, something part-time to fit into my school schedule. I will also be moving into the house with my girlfriend. Anyway, I've been looking around for houses, and I found a new construction built by Century Communities for roughly 220K. I wanted to try and get prequalified by their loan office (Inspire) but I've never been too fond of putting my social security number into websites. I just wanted to ask around and see people's reviews on them. Also, this prequalification is just kind of dipping my toe in the water, I want to see what I qualify for that way I ...

My new book is mostly for California residents, but it is useful for people in other states. It may be the most informative and helpful real estate book for prospective homebuyers, sellers, and investors. A couple of reasons: Chapters 1-3 explain in detail the chronological steps in a transaction for buyers and sellers. (Both should know each other's steps). Chapter 5 explains how buyers purchase homes wisely and make a ton of money. My book is currently a Word document waiting to be professionally formatted and published. It will soon sell at Amazon, Amazon Kindle, Barnes & Noble, and other bookstores. The e-edition (same as the printed edition) is free for now. It's all informative; no self-promoting. Click here: https://homesbyflavia.com/blog/real-estate/a-most-informative-real-estate-book-by-flavia Best regards, Flavia Brown, Realtor (18 years), Redondo Beach. CalDRE #01729313 submitted by /u/flaviaagent [link] [comments] source https://www.reddit.com/r/Re...

submitted by /u/Spare-Influence5223 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hg5jrx/not_a_good_deal/

What would be the best thing to put a down payment on? Small apartment first or should i save up for longer and put a larger down payment on something like a duplex or buying a house that has a second suite in the bottom and renting both what should be the move? submitted by /u/BannedButNotDisposed [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hffkv9/whats_the_best_way_to_get_into_renting_out/

Howdy, First time home owner. I moved a box the previous home owner had left in our basement. Behind it is a scary issue. The front of the house in in a hill. The hill tapers down and the back of the house foundation is completely exposed. There is a door on the left of the back if your standing in the back yard and looking at the house. The block to the right of the door is okay but the block over of the very first row is completely loose. The morter has completely crumbled away. I didn't see it since it had been blocked by a box of the previous owner. The only box in the basement. I didn't think anything of it at the time. The two two blocks over to the right of that one look like they are still attached to the wall but they are behind the other blocks by a half inch or so on top. How big of an issue is this and how do I go about fixing it? submitted by /u/NekoBakugou [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hfd5ar/foundation_issu...

And yes, the story is ending exactly like you think it would. I am seeking opinions about the following: Person A put all of the initial money in, down payment and closing costs. Person B committed to putting in sweat equity 1 year later Person B decided to move away to be with their new partner Person A&B decide it’s best to sell, friendship had already suffered irreparable ruptures. Person B hung sheet rock in basement after 3 floods caused moisture issues Home is currently under contract and person A is set to lose $20k of initial investment This means that not only was there not any equity gained, but in fact equity decreased. Do I have that right? Person B wants Person A to pay them for the work in the basement, arguing sweat equity. Should person A pay person B for their labor? Or, since there was no equity realized, Person B’s sweat equity contribution is null? Person A verbally agreed to pay Person B before the house was under contract and we thought there would b...

I’m curious about what the best route on a renovation loan versus just a loan against the actual purchase price of the house in a pricey neighborhood and footing the renovation cost. Quite literally the worst house in the best neighborhood. Let’s say $500k purchase and $200k renovation, $800-900k post renovation appraisal. I’m wondering if it’s better to pay for them separately, or bundle them all together in a renovation loan and have to pay for the mortgage at the new appraised cost, as opposed to the purchase price. I understand taxes are always a thing, but I’m curious if doing them separately and anticipating paying taxes at the end of the year would be a cost save in the long run. We have a nice inherited nest egg that we’re not touching and we want to make this work within our current means. Without disclosing too much, we’re in a house with a $2,400 mortgage now and could comfortably 2x it. We also have 400-600k coming within the next 5 years that I plan on 1031 exchanging...

I need to remodel my house. It will cost around $70k. I own the property outright. What’s the best way to finance the remodel? HELOC or a home equity loan? Help! Thanks. I’m in Texas if it matters. submitted by /u/Old-Mixture1246 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hdaw6q/best_way_to_finance_a_remodel/

This has been a question I had for a while. Suffolk county NY to be more precise. I see a house I’m offering on the last tax assessment was 2023 at 495k. The yearly taxes are $12,700. I am offering 580k. When do the taxes go up? If so is there a yearly cap to them? I know there’s yearly increases on every property roughly about 3 percent. That I get. I’m more concerned to see an insane jump. Being at the top of my budget this is something that can make or break me. My realtor in the past told me that taxes on 1 house don’t just get reassessed tho. I was told the town reassesses 1 whole area at a certain time, so everyone’s taxes go up. Truth or no? Please help me out with some info. submitted by /u/Kawirider2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hdafg5/how_high_and_when_do_taxes_go_up_after_a_sale/

I've just come across a property that is being auctioned on Monday (today is Friday). Does anyone know of a title company that could do a same day foreclosure search? Property is located in NY. submitted by /u/Low-Helicopter-2696 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hd8urs/same_day_title_search/

Hey everyone, thank you for the advice in advance. I am a Seattleit, not exactly living the tech dream here, my partner and I have a combined income of $230k. We’re currently renting an apartment in Seattle and are steadily working toward our goal of saving $140k-$200k for a down payment. We’re hoping to buy a single-family home, ideally in an area north of downtown, maybe extending into the suburbs. We’re also open to West Seattle and the surrounding areas. That’s the dream, at least. Lately, it feels overwhelming. Housing prices keep skyrocketing, and I sometimes wonder if we’ll ever get there. Moving isn’t really an option, my partner’s family is here, and our careers are pretty rooted. Do you think this is a realistic goal? Have others been in a similar situation and found a way in THIS new reality of 800-1mil "starter" homes? Would love to hear your thoughts. submitted by /u/Tricky-Produce-9521 [link] [comments] source https://www.reddit.com/r/RealEstate/co...

Hi Everyone, Recently took over my moms house. Deed updated and all of that. Even after providing them updates that she no longer owns the house. We continue to get constant backyard homebuyer solicitations in her name and other things. They’ve been asked to stop and they just keep going. What is causing this? Edit: I didn’t receive through inheritance. I got via parent-child transfer. Still coming in her name. House was transferred May 28th of this year. submitted by /u/Overweightskinnyguy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hcjssj/relentless_backyard_homebuyer_solicitations/

Hi all, I am a “private” landlord and own a two bedroom condo that I currently have a tenant in. Rent is due on the 1st, with late fees applying after the 3rd if no payment is initiated. For October, November, and December my tenant initiates a payment and a few days later it doesn’t go through due to insufficient funds. A late fee is then applied, and for October and November I had sent a reminder email and the tenant ends up paying some time in the middle of the month. The tenant has claimed they “forget”, which is totally ok and not a big deal since they paid (but side note they haven’t paid any of the late fees, just base rent). Cut to this December, their rent payment was again returned for insufficient funds. I applied a late fee and sent a reminder email and haven’t heard a thing. Is it terrible of me to initiate an eviction action if I don’t receive rent by mid-December? In my state I have to give them a 30 day “Notice” before I file an eviction action, then after 30 days I...

https://professpost.com/house-buyers-now-require-an-86-income-increase-to-afford-rising-home-prices/ submitted by /u/Coolonair [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hcgqjx/house_buyers_now_require_an_86_income_increase_to/

I entered into a contract for a to-be-built home in early September. The total price after we selected design options was $816,000. Fast forward to today, the builder is selling a quick-move-in home across the street for the same square footage, beds/baths and finishes for only $730,000. On top of that they’re giving $70k in “flex cash” to use at the buyers discretion. Moreover, the existing homes with similar square footage that are for sale in the neighborhood are all listed in the low $700’s. If I back out I lose my earnest money, which unfortunately is a lot ($40k) but on the flip side - I don’t walk into massive negative equity. I talked to the builders agent and she said to “wait out any negotiations until the closing phase” (60 days out from home completion, which is estimated for April/May) but that just feels like a negotiating trap. She also acted as tho I’m being crazy which begs the question - am I acting insane? submitted by /u/oohk1llem [link] [comments] ...

I have a property listed and I have a week left before the listing agreement expires. I had pretty much given up on it selling and am thinking about building on the property. I have a potential buyer now who has come up at the last minute. He hasn't made an offer yet but I'm pretty sure he is going to. If it's a lowball offer I won't take it. If he offers full asking price do I have to sell it to him? Before he makes an offer can I raise the price to something I can live with? Should I just delist now? If I delist now will I owe commission? Thanks in advance! submitted by /u/utilitarian_wanderer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hbqwo0/can_i_refuse_to_sell_my_property/

My buyers agent contract states that the contract commences on 11/4/24. I signed the contract on 11/5/24. Now we are doing an addendum to cancel the exclusive agreement. On the addendum, the broker references the exclusive dated 11/5/24 - the day I signed the exclusive, not the day the agreement states it commences. I requested he change the date to 11/4/24, the date the contract says it commences. Any thoughts? Is it okay either way? Just don’t want to move forward and end up being on the hook to this guy. Thanks. submitted by /u/Flying_Solo2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hbq3o8/cancelling_my_buyers_agent_agreement/

California... Dating boyfriend for 5 plus years. His parents want to put down payment for real estate property. They said they want to invest with us. They suggested that the 4 of us would be on deed but boyfriend and I would pay mortgage. We do plan on getting married just not sure when. What would you do? submitted by /u/worldspectrum [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hbofgk/what_would_you_do/

Im desperate to own my own home, I have a little business, my husband is working on a night shift earning ₱80,000/month. I am skillful when it comes to sidelines. I wanted to start saving and where I should save but i dont know anything yet. Im still young but im eager to have this goal before im 30. I live in philippines. Maybe anyone has good tips to share, i would much appreciate. submitted by /u/Gaci2230 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hb21ag/i_need_tips_of_how_to_own_house_and_lot_for_zero/

My mom helped me get a house in 2018. Her and I both were equally on the title. She lives in another state, owns her own him, and pays her own taxes. I got approved for the 4% discount as this was my primary and legal residence. In 2020 I got married. My wife has lived me with since. I sold the home in june 2024 and we bought a home together equally in me and my wife’s name. We are both primary residents there with valid drivers license, car registrations, voter id’s, and federal/state tax returns filed in this state. Like I said, I got the discount before. Any issues now? submitted by /u/Actual_Wolf_4153 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1haxnxo/any_issues_with_legal_residence/

submitted by /u/Careful_Fig8482 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1hawj2l/how_much_have_you_seen_group_homes_rent_a_home_for/

Hi - I’m looking at a property to purchase and wanted to compare it to other homes in the area to see if it’s appreciated at the same rate over the years. Is there a tool out there that can help with that? submitted by /u/jrappsnyc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ha812a/tool_to_compare_appreciation/

I had my basement waterproofed in 2020, my credit report as of 2022 says my loan has been paid off and closed however I still owe money. The lender is impossible to get ahold of nothing has been updated and website is down ect. I'm selling my house and in the title papers it said they were sending a UCC financial statement to the lender. My question is at closing will they just take the amount out of my proceeds? submitted by /u/Crafty_Medicine_9711 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ha5kb0/ucc_selling_home/

We listed our house 6 days ago at $374,999. We’ve had 2 showings and 0 offers. Our community is rural with about 20,000 people. We’ve closed on our next house (a fixer upper near family) so we are the definition of a motivated seller. Is dropping the price by $10,000 - $15,000 after one week too soon? And will a quick drop be a red flag to buyers? submitted by /u/Remote-Station4687 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h9isj7/drop_price_after_one_week/

I am a first time buyer and got introduced to the project recently. The plan, timeline and most importantly the price fit my budget. Wanted an advice from the community on how the project is, and who are the majority of buyers in this project, as in investors or end users ? submitted by /u/thealaricksaltzman [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h9eqn1/serenova_by_pob1_silicon_oasis/

I’m 28 years old, male. I’ve worked full time as a bartender for about 8 years. I still live at home and I’m looking to move out by purchasing a home. I’ve had issues with lenders because I only make about $20-30k a year on paper. Large majority of my income is in the form of cash. I have excellent credit, which I started building the second I turned 18. Never missed a payment. My 2020 Corolla which I financed will be paid off next year. I have savings and a stock portfolio worth about $70k, some of which I plan to use towards my down payment. I feel I’m in a great position to purchase a home, I’m just having difficulty obtaining a loan. I keep being told I can only be approved based on what my tax returns say. Any advice on what I should do? submitted by /u/DoseOfNirvana [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h9dw7e/help_with_obtaining_a_home_loan_as_a_bartender/

submitted by /u/todanstee41 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h8qgoq/why_do_you_need_a_real_estate_agent_to_buy_a_house/

Local credit union has 6.375 30 year fixed. 6.495 APR. 5/6 ARM is 4.75, 6.663 APR. At what point does ARM make sense? submitted by /u/bzogster [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h8mxw4/30_year_fixed_vs_56_arm/

I purchased a townhouse in 2021, lived there for two years, and started renting it out in 2023. While I lived in the home, I luckily did not have any major repairs, just small things and some cosmetic updates as it was built in the 60’s. However, over this past summer I had to replace the HVAC. Luckily I had enough savings to cover the cost but it has made me realize I do not have the funds to cover another major expense. I would have to get financing or a loan to pay off anything major and I just don’t want to be in that situation. So I want to be realistic about what to expect if/when I do decide to sell. Real estate websites estimate my home is now worth 30-40k more than I bought it for. Ive never sold a house before but I assume you need to get an actual appraisal before you set a listing price. I want to manage expectations and understand what my potential profit will be, how much taxes I’ll pay for capital gains, what will I pay to the selling agent, etc. I realize I’m not goin...

What does it take to set up a real estate agent/potential customer website with a real estate listing function? How do you market it? I'd just like an idea to adapt it to our concept here in Africa. submitted by /u/DuckFinal6486 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h7xzk6/real_estate_website/

I am in the market for a home equity loan for debt consolidation in the amount of $30,000. I was offered a product with a 7.5% interest rate, but more than $2,000 in closing costs. This seems unreasonably high for such a low loan amount. It also appears that property tax and home insurance are bundled into the payments, for some reason, which surprised me. I currently own the property outright. Is this normal? Am I being taken for a ride here? submitted by /u/RangerNo5619 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h7wwyi/home_equity_loan_or_heloc/

I bought my current house roughly a year and a half ago(June of 2023). It was built in 1960, originally a 3 bedroom and 1 bathroom home. The house had been purchased from an elderly couple by a realtor who flipped it. At some point(years ago), there was an addition(slab floor) built onto the original house. It consisted of a living room and two storage rooms. The realtor who purchased the house from the elderly couple turned the storage rooms into a primary bath and bedroom, therefore increasing livable square footage and listing price. So now it was considered a four bedroom and 2 bathroom home, just what I was looking for. I made a major mistake in trusting my realtor on a home inspector. Needless to say this inspector missed blatant red flags with this home. Literally the first day in our new home, I noticed that the water valve to the toilet in the newly constructed bath room had been turned off(this was noted by the inspector). I preceded to turn it on, fill the toilet and flus...

I’m looking at the market in my area and there’s a lot of multifamily properties for sale. I know markets fluctuate, but what are people’s recommendations on starting in this investing? Fix and flip or rentals? Just looking right note for information! submitted by /u/Minimum-Act4532 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h75lyr/what_do_you_start_with_when_investing/

If anyone could please help me understand whatever I’m missing here, I’d be incredibly grateful. An apartment complex sent out a letter to all tenants saying “<Apartment Complex Name> has been sold and will now be managed by NewManagementName, LLC”. I searched Google and found news articles mentioning the sale of the complex on the day that letter was sent. More specifically, the articles referenced JP Morgan financing the purchase of the complex, but didn’t mention any LLC’s (the past or new owner LLC names). However, when I search the county’s tax records, the property owner (an LLC) hasn’t changed names at all. The property owner is still listed as the same owner from several years ago. If the complex was sold to a different LLC, and is now being managed by that new LLC, why do the tax records say the original LLC is still the owner? Thanks so much for reading, and for considering replying. submitted by /u/ProfessionalTossAway [link] [comments] source https:/...

So we had a cash offer for 375 on our house (listed at 400 but had contingent offer on home so 375 and cash was worth it). 1k emd and inspection contingency. Buyer from Alaska(we are WV) never saw house in person. Has relative join inspection where he(not inspector) said the 9 year old roof needed replaced and all the deck so she should back out instead of negotiating. I should also note that the roof and deck both past as good on the inspection. One portion of the deck is “spongy” but serviceable. They take 4 days to inform us, submit paperwork and requested the EMD returned. Contingency was for 2 days. We deny their request and then are informed that the 1k was never received. Seems stupid to pursue for 1k but if we can’t get another buyer this month we lose the contingent house that has had an inspection, appraisal and 2500 EMD tied in. Not to mention the other 1500 we are out for storage and deposits lost. Our realtors have escalated it as far as they can so do I proceed with the...

Are there any lenders in Des Moines Iowa that allows 10%-15% downpayment no PMI on a single family home under commercial loan? I have one property in a small town that has these terms but I want to expand “ outside” of this town & they only allow those terms on properties that are dedicated to that town & surrounding areas. I have a potential property I have my eye own but I want that same terms with a different lender. Please share your knowledge & experience. submitted by /u/Zone4properties [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h6elnf/1015_downpayment_no_pmi/

I’m considering offering a lease-to-own option but worried about tenant reliability. Are there extra steps I should take in the screening process? submitted by /u/Upstairs-File4220 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1h6c7ph/how_do_you_screen_leasetoown_tenants/

Put the TLDR here: So as a precursor I fiqure most people either a)overvalue thier home or b)undervalue their home . How does one keep tabs on how much their home has went up in value for purposes of refinancing etc A little background to the question:. We are about to close on a home. We have only every owned one home before this one. When we bought our first home it was at a sub 3% rate in a medium cost of living area. We never really gave any thought to how much it was valued at (since rate was so low we never considered refinancing). When we mover states we spent some money doing work to it, nothing super major (refinished hardwood floors, painted walls and cabinets, we did have to go through insurance for a new roof). I guess because we lived there we really didnt see how the value went up and we were surprised at what our agent put it on the market for and surprised for what it sold for (nothing too crazy--pre covid--but still I really dont think it was worth what we sold it f...