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Showing posts from February, 2025

Should I Sell or Hold My Negative Cash Flow Rental in Austin, TX?

Looking for advice from experienced real estate investors. I own a townhome in Austin, TX, but I’m stuck in a negative cash flow and equity situation, and I’m debating whether to sell or hold. The Numbers: Market value: ~$349k Mortgage balance: $342K Net seller sheet (after fees, closing costs, etc.): - $14K (I’d have to bring this to closing) Rent doesn’t fully cover expenses, so I’m losing $400/month Market conditions: Buyer’s market, homes selling below asking, not appreciating fast The Dilemma: Sell now → Take a $14K loss but eliminate the $400/month loss ($4,800/year). Hold → Keep paying $400/month and hope for appreciation, but no guarantee the market will rebound quickly. What Would You Do? Would love to hear from investors who’ve been in similar situations. Would you cut your losses and sell, or hold and wait for the market to recover? submitted by /u/technicalmoneky [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j04g4e/should_i_se...

Advice regarding inexpensive housing purchase

I've been living in Santa Barbara for 8 years, always renting. Right now I live in a studio paying $2200 per month. I've been out of work for health reasons for the last year. I have $190k in the bank. I would like to find an inexpensive place to live where I don't have to pay some monthly fee, or at least keep it to a minimum. It's just throwing money in the trash, money that I don't have to spare right now. I've seen multiple listings for sub-100k mobile home units, but the space fees are commonly $1500+ per month - that really doesn't save me much. I've also seen multiple listings for relatively inexpensive homes in a community setting, but the HOA fees are also high. I'm certainly not wedded to Santa Barbara, but I would like to live relatively close to the coast, anywhere in between Lompoc and San Diego. Any recommendations? submitted by /u/Mmmm_waves [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j0542j...

Tax liens/ tax deeds LLC advice needed

Tax liens/ tax deeds LLC advice needed. Im in California, planning to buy tax liens/tax deeds on another states (FL, NE). I confused with different advices: 1. I better open my LLC in AZ or WY for cheaper fees and privacy. I will still have to pay foreign entities since i live in CA ($600/year) to CA franchise entity. 2. I should open a holding LLC in CA and open subsidiaries’ LLC in each state where i acquired tax liens/tax deeds. Which one is correct? Please advise. Thank you. submitted by /u/Suitable-Cause5441 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j02gcf/tax_liens_tax_deeds_llc_advice_needed/

First Timer Home Buyer

We are very seriously about to start looking at homes to buy for the very first time. What does the seller typically cover at closing? What should I ask them to be covering? Colorado Springs, CO submitted by /u/AbbreviationsAny5413 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iz9rq9/first_timer_home_buyer/

What is a realistic first offer?

Looking to buy a home. Private sale so isn't listed anywhere yet or with a real estate agent. They did meet with a real estate agent a while ago though who said they personally would list at 615. With no real estate agents involved, what do you think would be a realistic first offer on the house to make? submitted by /u/kentgrey [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1izayxf/what_is_a_realistic_first_offer/

How to redact owner information from homes.com?

I don't see any way to opt out of showing all your information on homes.com. Does anyone know how to do this? I get it's public record but it seems a bit much that they just easily show your full name plus your loan amount to the whole wide world. submitted by /u/helloworld415 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iz9vz3/how_to_redact_owner_information_from_homescom/

What would you do?

Recently bought a house and discovered extensive mold and wood rot. Learned through previous tenants and contractors that there was significant water damage at one point, plumbing issues, and roof leaks - none of which were disclosed on the disclosure agreement. We’re now faced with about $60k in mold remediation + repairs. With enough info stacked against sellers for lawsuit, I reached out directly for resolution without mediation. They came back with 3 offers: 1. Lower $ amount to cover partial costs - this would cover a lot but not all. 2. Full amount requested with stipulation we sign an indemnification release. 3. They offered to buy the house back, repair it themselves and resell it. Which option would you choose? And if #2, would you make sure agreement has any special exceptions? submitted by /u/Henhenhenhenhen24 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iyl0cn/what_would_you_do/

Potential for conflict of interest for letting ex-boyfriend’s brother be our real estate agent?

My ex-boyfriend and I are selling our house. We’ve lived in it for 1.5 years but have split up. While I’ve always thought we were going to get married, it never happened, and I have already moved on with my life. I believe we are able to sell this house without the need for lawyers. His brother, the person who was also our agent when we bought it, has offered to only take 1% instead of the standard 3%. I would think there’s no way for a listing agent to represent one of the 2 sellers more than the other one right? I think this is a good deal but I want to make sure that there is no way I get screwed out of my share of the proceeds. (Yes, half of me hates the fact that his brother is profiting off of our breakup and would like to not let him lol but I also want to be able to get as much money back as possible) submitted by /u/moddiddled [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iylqax/potential_for_conflict_of_interest_for_letting/

New Build (Negative) Equity

Purchased a Horton New build in Feb 2024. I purchased in the the first phase of development and the neighborhood still has a lot more phases to go until the development is completely finished (about a year and a half) When we bought we were told to get in now and not wait for other homes to be built in the development as they were apparently listed “higher” than what we paid. We we’ve been here a year and so far every phase after us is selling for less and less than what we paid. 25-50k price cuts. On the the same floor plan or similar homes. Bigger houses on better lots are even selling for less than what we paid. Not happy with the house or neighborhood at all and now I’m forced to stay here until I have enough equity to break free. Coastal SC area. submitted by /u/MixWrong3513 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iylp3t/new_build_negative_equity/

Renting out my place from a distance. Worth it?

Is it worth renting out my place from a distance? After insurance, tax, management fee, etc, it has a profit of $500 a month. Joining the military, and will be far away from the property. We eventually want to sell this property due to the fact that it will always be far from where we live and the HOA is going up. We only bought a year and a half ago so if we sell now, we’d likely be taking a loss. Rent at a distance and sell in 4-5 years or eat the loss and move on? submitted by /u/here_I_am_i_guess [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ixtl1g/renting_out_my_place_from_a_distance_worth_it/

My ex partner and his friend tricked me into selling my house

I am in an extremely awful predicament. I am hoping someone can help me. In 2002, my husband and I built our house in Western Australia. We had 3 beautiful girls together. Unfortunately, in June 2009, he passed away from a brain aneurysm leaving me widowed with a 4 year old and twin 2 year olds. In 2011, I met, what I thought at the time, was a lovely, caring man, who understood that I was grieving. I'll him Adam. I had a son with him in 2012. However, by 2013, I was struggling with my mortgage. Adam told me not to worry and that he would help me. Unbeknownst to me, he contacted an individual that could have been a friend of his, I don't really know. I'll this guy Bob. They both convinced me to sell Bobl my house. Apparently, the plan was to buy it back in 5 years from the sale date. I signed the papers and Adam convinced that I had done the right thing. The whole time, Adam told me that he had control of everything and not to worry about it. Little did I know to what e...

What should I do before becoming an agent?

i am 17 about to graduate, id really like NOT to go to college because of the debt, but if I have to go to a community college I can. I'd also like to get out of my house as soon as humanly possible and live on my own for a bunch of reasons but that's not important. I understand that very very few people are going to trust an 18 year old with the biggest purchase of their life, and I also know I am not exactly ready to just be thrown into the office and told "good luck!". Are there like any jobs i can get/internships or just any paths in general I should do before becoming a realtor? I want to get my license at 18 but I also want to actually be a successful realtor and not part of the 87% that fail. i think alot of people fail in real estate because they think it's an instant path to being rich, and once they realize it's not they fail. Or, they just don't have the skills required to actually become a realtor, specifically the soft skills required. ...

Modified DocuSign

We are closing Monday (today technically) but giving the seller 3 weeks to move out since she is elderly and in return she is offered to leave some fancy water conditioner that she paid Home Depo $10k for. When we told our Agent that we would take that deal to my surprise he modified an existing document that I had previously signed and only sent it to my wife since she had not yet signed it. I had no idea this was possible. I had expected him to void the existing and send a new one to both of us. Maybe I am over reacting but I feel a violation of trust and I don't want to use DocuSign ever again for anything. Am I the AHole here? submitted by /u/FrivolousCommenter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iwxlp7/modified_docusign/

Leased solar panels.

Hi. First time Home buyer here. This house is an estate sale, it is very nice. $220,000. The only issue is, they have leased solar panels. From “solar city” there are 2 years left of payments. The solar panels were installed in 2017, with a 2.90% increase in cost each year. I have been reading that you NEVER want to assume the lease of solar panels, is this right? I am currently waiting to hear how much the monthly payment is. So what are the options. The seller buys the lease out? Can the solar panel company just take the panels down? I don’t want to get screwed with these leased solar panels. Thank you. submitted by /u/Historical-Bit8212 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iw8dqv/leased_solar_panels/

Sudden influx of highend homes on the market?

Not sure if this is the place to post this but I was wondering if anyone has noticed a weird shift in real estate lately. I live in a rural area that is seen as a tourist town. It has gotten pretty difficult to live middle/ working class (like the rest of the country) and be able to afford a home. In the area I live, it's seen as slightly more expensive area since it is a university town/ tourist spot. I've been "window shopping" houses for 5 year and out of nowhere there is a sudden influx of highend homes/ many apartment complexes for sale. There has always been a few 300+k homes listed but there are now more "rich" homes listed (300k-2 Mil) currently than standard homes that I've normally seen. There are also SEVERAL apartment complexes for sale and that is saying something since this is considered to be a "small town". I was wondering if anyone would have any insight as to why this is happening? submitted by /u/anonymouswoman906 [l...

Choosing foreclosure?

I was recently looking into buying a home that was in foreclosure. I stumbled upon it online and called around to see if I could make an offer, but at the very last minute it was redeemed by the owners and sold otherwise. Not at all upset by this, it was just an option I had entertained, but very curious as to the process. Why would anyone choose foreclosure over selling the property ahead of time? Is there somehow a hidden benefit to this? Like, maybe they could then stay in the house without making payments for an extended period of time, but won't the original foreclosure event still have an impact on credit for later housing options? submitted by /u/Exultantis [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ivha5j/choosing_foreclosure/

im 17 and i was wondering how does buying a house work, how does morgages work without loaning from the gov?

i never understood how you actually BUY a home not rent but actually buy it, do you have a down payment and then pay like rent or do you pay the whole thing at once? submitted by /u/t1izzy_brizzy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iv90gu/im_17_and_i_was_wondering_how_does_buying_a_house/

Real Estate Agents… Advice?

Hello fellow real estate agents! I’m a 19 year old intern at a local agency who is trying to earn his way into a career. Currently, the principal I’m doing my internship with has given me a few months homework to look for a lead, however none of my family or friends are anywhere near selling any property. As someone who isn’t an agent and also extremely young, what is a good way to source clients that may be interested, but not entirely trusting of a lay person like me? NOTE: These leads aren’t for me to sell, it’s for the agency, so yes. Technically free labour for them, but if it means I can make a good impression, that’s fine by me. submitted by /u/Kosta_Gouthas [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ivdv25/real_estate_agents_advice/

Using second floor unit kitchen as bedroom

Trying to determine potential issues with refinance due to current use. my husband and I just purchased a 2-family pre-war townhouse in Bushwick. We’ve been living in the 2nd floor unit with our 2 children for many years. Space has always been an issue. We’d like to use the 1st floor unit as our living space and use the second unit as the bedroom/office floor. Would temporarily removing the kitchen in the 2nd floor unit and making it a bedroom create issues if I want to refinance in the future? The 2nd kitchen would need to be renovated anyway. The pipes would be capped off but not completely removed as to convert back to a kitchen if needed. We don’t want to be landlords and need the space and do not plan on moving. We have a 5.625% interest rate and while I don’t plan on refinancing anytime soon , I want to know what I’d be in for. Also would this prevent me from getting a HELOC? submitted by /u/LegitimatePerson12 [link] [comments] source https://www.reddit.com/r/RealEs...

Perth investment property

Hi guys, I am planning on buying an apartment in Subiaco/Wembley as my first investment property. Can anybody tell me if it’s actually worth it? Is having an investment property going to help me with keeping my tax deductions low on my current 9-5 job? Would I be earning anything surplus after paying strata fees, real estate agent fees? submitted by /u/savleen0 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iunhwc/perth_investment_property/

Sell or Continue to Rent?

I own a 1-bedroom, 1-bath rental property in zip code 23220, which I've held for the past 10 years. It generates over $1,200 in monthly rent, with total expenses around $1,030. The property could potentially sell for over $200,000, and I still owe $108,000 on the mortgage. The current tenant is in place until August. I'm considering whether to sell or continue renting. submitted by /u/MeaningMedium5286 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1itzgax/sell_or_continue_to_rent/

Moving to Aston pa

Hi all! We currently live in Delco and are looking to relocate to a bigger home. The homes we have seen in Aston seem to check all of our boxes and are beautiful! How is the community? Does anyone know of any new construction coming to the area? I see the recent updates in media so wondering if that is something we could anticipate. submitted by /u/Embarrassed_Top_8581 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1itxpu2/moving_to_aston_pa/

iSON Token Presale: Early Access to the Future of RWA Investment

Big news, crypto & real estate enthusiasts! iSON Token is officially in presale, and this might just be your golden ticket to early adoption in the world of Real-World Asset (RWA) tokenization . So, what’s the deal with iSON Token? 💡 iSON is the utility token powering the iSON House ecosyste m, a platform that democratizes real estate investment through blockchain technology. In simple terms? Less paperwork, fewer barriers, and more opportunities to own a slice of prime real estate . Why is this important? - Powering transactions & staking rewards – The iSON Token fuels the platform, covering gas fees and rewarding those who stake their tokens. - Early investor perks – Discounted token prices, potential for high returns, and a front-row seat in community-driven growth. - Transparent & structured tokenomics – With a clear allocation of funds towards marketing, regulatory structuring, and platform development, this isn’t just another “pump & dump” – it’s buil...

Home listed with no heat?

First time (potential) home buyer here. A house I’m interested in has been on the market 6 months, and in that time the price has dropped 35k. The home has no working heat, but the seller is “willing to negotiate on this”. I’d understand a bit more if they were going the cash only route, but the listing terms include cash, conventional, and FHA. Am I missing something? I thought lenders didn’t approve loans for homes with no heat. The place is a total gem, redone top to bottom (well.. almost). I don’t have a clue why they didn’t handle the heating issue. They say either a new gas line needs to be dug (refundable by area gas companies if you install a gas appliance within 3 months) or a new heat pump installed (my state has excellent rebate programs). I guess my question is, does anyone have insight into what could be going on behind the scenes? Obviously you can’t know what’s going through the seller’s mind, but maybe you’ve seen something similar? It’s still 15k out of my budget, bu...

How much negotiating power do I have here to decrease the price?

So, I am looking to buy some land. This land is unrestricted and is 8 acres. It is going for around $100k. The land has a brick "cabin" on it and a small storage shed-looking thing. Both in poor condition on the outside but I'd touch them up/re-build. It is actually exactly what I want. It's in the woods, away from everyone (minus a neighbor but their house is wayyy back away from mine [super long driveway]). I want to live off-grid and this is perfect for me. However, I want to negotiate down. Listed around $100k but I found property value numbers on the state's website when I put in the parcel number. Apparently, the land and the cabin combined are worth $65k total (12x32 cabin alone was only worth like $5.5k). There's an electric pole nearby (don't plan on using it), a water well is already there but labeled as "not functional." After some digging, I found the owner's name and looked them up. I found a court record of that 1 neighbor t...

Zestimate not appearing in once hot markets gone cold

Anyone seeing Zestimate from Zillow not appearing in markets that were once hot? How convenient of Zillow. Good examples are Austin, Phoenix, cities in Florida, Washington D.C. I am seeing inventory going up like crazy in these markets and prices steadily going down (According to Fred Data) I find it funny that Zillow, Redfin all hide or distort the data to make it seem as if there's no decline happening. Manipulation by the industry at its finest. submitted by /u/CharacterIncrease182 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1it1tim/zestimate_not_appearing_in_once_hot_markets_gone/

Voice AI for real estate agents

Have been hearing from a lot of people that they are using voice AI calls for lead activation and qualification in real estate Has anyone had experience with this? I came across this one https://duohub.ai/ but curious to hear if anyone else has used something like this successfully submitted by /u/Puzzleheaded_Mud8889 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1it1gbk/voice_ai_for_real_estate_agents/

Buying a home but the septic inspection failed in New Hampshire. Now seller wants to fix but increase price by 60k

Long story short, the seller sold his other property so he has a down payment for his new home. It means he does not need to sell this one - he can be patient and put it back on the market. After we paid for the septic inspection, the septic failed. We requested the seller fix the issue, but he came back and said he'd fix the issue but add 60k onto the sale price. The septic cost is only 20-30k. Looking back at the disclosures, the septic area is blank. He only mentioned there is a leach field, but left blank items such as "date of installation of leach field". The leach field was flooding and the septic inspector told us it was the worst septic failure he's ever seen. Should the seller have disclosed more information? For example the septic is overflowing and there are 12 people living in the house (him, his wife and 10 children). Apologies for my ignorance but we are so lost at what to do and we have 5 days to respond to his 60k price increase. Thank you in ad...

Want to become an agent - what to do?

Currently I have a degree in music, which I know has no relation whatsoever to real estate, but I am looking to change paths. I live in Zurich, Switzerland, originally from Ticino, Switzerland. Currently trying to figure out what I need to do to become a real estate agent. I have three London School of Economics certifications (not degrees, but long courses I have done) - Real Estate - Managerial Finance - MBA essentials My end goal is to have a career in real estate either as a broker or as an investor. It’s a long time away, I’m talking in years and years time. But for now just start as a real estate agent. What would my steps be to become a real estate agent? Get a degree in real estate? Or is a degree not needed? I thought to get an MBA of some sort, or a finance degree. I saw Engel and Volkers hire people with different backgrounds and train them. But that sounds too good to be true? Very lost in all of this, could someone knowledgeable help me? P.S. I’m sorry I’m not very sm...

Under 55?

Can you buy and live in a 55+ community if you are disabled and under 55? submitted by /u/pretty789 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1is9rp1/under_55/

As seller can I directly talk to the buyer

I listed via Homelcojn. I am a seller. Since Homecoin doesn’t have local agents, I used a 3rd party to host the open house. That person found a buyer who is interested in my place. The realtor got their contact info. As a seller, can I and should I contact the buyer directly. submitted by /u/Fun_Tea8162 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iretqo/as_seller_can_i_directly_talk_to_the_buyer/

Solar loan on house

Hi everyone, We are currently looking at putting an offer on the perfect house to us. Problem that arose is that they recently put a solar system with battery bank. Total loan is $58k, seller is willing to pay 30k off. We plan to be in this house at least 15 years, until the youngest graduates. Possibly longer depending on grandma's health. I know most advice is to have them pay in full, but are we wrong for entertaining the idea of taking the $28k? We are told it can be assumed @2.9% We are tempted as the house seems to be about 60k less than the comps in the area. Thoughts?experience with solar? Enphase solar system Tldr: 58k solar loan, seller willing to pay 30k. 28k Assumable @ 2.99, not sure the term yet. submitted by /u/keedman [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1irepyf/solar_loan_on_house/

Not paying earnest money after structural concerns?

Hi all, I recently went under contract on a home and my earnest money (~$10k) is due tomorrow (Monday). After going under contract, I was given deeply concerning documentation related to a foundation issue / repair from 5-6 years ago (significant settling). Frankly, this was a massive red flag for me, and even if I can get comfortable living there I’d have concerns about the next buyer. I have a structural engineer teed up this week to inspect and evaluate the work. Question: Should I NOT pay the earnest money tomorrow? It seems silly to tie up my money (and potentially pay fees) when I now have such significant concerns. I’d be totally fine with the sellers going under contract with someone else for now. The contract includes inspection contingency (among others). My buyer’s agent is not helpful at all and only tries to dismiss any of my concerns (“it seems like they did great work on the foundation!”) Note that this home is NOT in TX, where I know foundation work is a lot more...

Wüstenrot Bausparkasse vs Hannover PSD

I am in the process of buying an investment property in Frankfurt and have received two loan offers: PSD Hannover – 5.04% interest rate Wüstenrot Bausparkasse – A combination of KfW and Bauspar loan with an effective rate of 3.5% Since we are on a Blue Card, the interest rates are higher, and many banks are not offering us loans. My main concern is Wüstenrot Bank. I checked Trustpilot, and 54% of the reviews are 1-star, which is quite alarming. Is it really that bad? Has anyone here dealt with Wüstenrot Bank for real estate financing? If you had to choose between PSD Bank Hannover and Wüstenrot, which one would you go for and why? Any insights or experiences would be greatly appreciated! submitted by /u/BULLETDESAI [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iqpm8h/wüstenrot_bausparkasse_vs_hannover_psd/

Normal agent fees

Trying to sell 200 acres of farmland. The agent wants 6% guaranteed. Is this the usual setup? submitted by /u/moonunit170 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ipzcey/normal_agent_fees/

Signed Contract but backing out

Anyone have any experience with backing out of buying a house with a builder before it's built? Long story short, my wife and I signed a contract a few days ago with an earnest money payment plan. She's having cold feet because we can't afford the payments on one income. We are only $8k in since we just signed. No foundation has been poured and no design center options were made. We are still 2.5 months away from the foundation being poured they won't pour it if we ding make an emd payment. Since she's a cobuyer we can't do the deal without her. The contract has no contingencies and it's definitely in their favor. Will the builder likely come after us for the remaining $22k for a house that is not built? We are in Texas. submitted by /u/Muted-Tea2302 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ipxl04/signed_contract_but_backing_out/

Zoom Casa Reviews – Is It Worth It?

A few months ago, I needed to sell my home in Dallas, Texas, but I was in a tough situation. I was struggling with mortgage payments and worried about falling behind. Selling seemed like the best option, but my house needed updates, and I didn’t have the money to fix it up before listing. That’s when I heard about Zoom Casa how could they help me sell my home for more without me paying anything upfront? But after talking to their team, they explained everything clearly. They offered to buy my home before selling it, so I could pay off my mortgage right away. They also covered the renovations and staging costs, which I wouldn’t have been able to afford on my own. The process was smooth. They handled the updates, listed the home, and took care of showings. When it sold, I actually made more than I expected, even after their fees. It took a lot of stress off my plate, especially since I didn’t have to deal with contractors or wait months for the right buyer. If you're in a similar...

I looked up a condo I'd like to rent to read the Association rules & the association is listed as "dissolved" on an official state of Florida website. How is that possible?

I also looked up the owners and no, the condo was not bought out by a single corporation. The building has less than a dozen units and per official county website, each unit is individually owned. Concerned that all the units are being Air BnB'd which is not good for security as a long-term renter. This county is a major tourist destination for snowbirds. Realtor assures me the "association" limits vacation rentals to a minimum of 3 months at a time, but there is no association that I can find?? All 3 realtors who've shown me condos for rent in 3 different buildings assure me of the same thing. The county allows any rental length. How do I determine the realtors are giving me accurate information re: 3 months minimum? I do NOT want to deal with potential wild partying Bnb renters (which this area is also known for). submitted by /u/GiggleFester [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ipapn2/i_looked_up_a_condo_id_like_...

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

LA, California Folks - Need some help!

My husband and I are moving to LA due to his job moving and we are wondering if the market will ever drop below what it is now? If so, should we rent and wait to buy or is now the time to buy? We are currently in Texas and bought our home for $300K. We will sell for a profit of about the same. I would like to make the same type of investment in LA so we are not upside down on a house. We built our home new and although the lot is small, the area is booming, driving the prices up. I know there is a lot of gentrification happening in some areas of LA but also wondering if established areas will ever see a price drop? Also would like to add I have been looking at modular and manufactured homes to buy and possible save to buy a nicer home later if prices drop. If anyone has advice on this, that would be great! TLDR; moving to LA and need advice on if we should buy or rent? If buy, should we buy a modular or foundation home? submitted by /u/meepmeeped [link] [comments] sourc...

Do You Enforce or Ignore Late Fees?

I used to be chill about late fees, thinking it’d build goodwill with tenants. Big mistake. All it did was make people pay later and later, like I was running a no-interest loan service. Now I’m stricter, but actually collecting late fees is its own headache. Do you guys have a system that makes this easier, or is it always just a pain? submitted by /u/Still_Ad8722 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ip7pou/do_you_enforce_or_ignore_late_fees/

Is this a good deal?

I bought my house in 2010 to retire to, moved into it in 2017 when I retired. A woman has wanted to buy my house for all that time. She grew up here and has good memories. She contacts me every year or so. I met with her this week and she asked what I wanted. I said I want to walk away with $300k. She said she could do that. Cash. I owe $69k. Zillow estimate is $373k. Two of her sisters are RE agents so no fees or commission. As is, no inspection, they will do all the work for the sale. Of course, I would have my own RE lawyer look it over. My partner wants me to move in with him. In his words, "I don't want either of us growing old alone." I turn 62 this year, he is 65. Not needing to pay for anything could potentially save upwards of $30k over selling it in a conventional manner. submitted by /u/pittsburgpam [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ioh7pz/is_this_a_good_deal/

To sale or to rent condo in Lakewood colorado?

I have had my place for a bit over a year, a condo. I bought it and changed the floors and painted the walls. It does have some problems that need to be fixed like electrical outlets not working and the bathroom needs to be remodeled, the dishwasher does not work and the stove needs to be replaced. There are also other minor repairs needed. I don’t have any money for repairs and I’m pregnant. I will move in with my partner in April and ideally I would like to rent the condo but need to make repairs so it is rentable. I think I need 5k at least to make this happen. I’m a single parent and social worker with a low paying job by the way, no savings. I got denied for a home improvement loan and now I’m feeling like I might have to sale , but also I don’t have money to pay closing costs and stuff like that. Please advice. submitted by /u/Foreign_Leather_1675 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ino4fl/to_sale_or_to_rent_condo_in_lakewood_colora...

Im trying to fire my realtor who’s also the broker.

My house has been up for lease for 100+ days. Two years ago it was leased in 3 days with a different realtor. My realtor who is also the broker, gives me attitude and does the bare minimum. I am under contract for a year. I asked him if we could terminate the agreement since we are not getting any traction and he denied. Any ideas on what I can do? submitted by /u/Ok_Classic2152 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1innuw9/im_trying_to_fire_my_realtor_whos_also_the_broker/

Stick built vs manufactured

My father, brother and I purchased 15 acres of agriculture land that we all plan on moving to. The land is purchased under an LLC. with equal ownership. We are having three (1 acre) plots zoned for our home sites. Since the land is purchased under an LLC, we would have our personal plots on a 99 year lease. Would it make more sense to get a manufactured home? With a stick-built, I can't imagine it'd be easy to sell the house/ground lease in the future if something unforseen happens. submitted by /u/FIorida_Mann [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1inmxuh/stick_built_vs_manufactured/

Putting offer in.

House has been on and off the market for 7+ months. House is listed, delisted then back on market at lower price for past 7+ months. New listing is less than 30 days but on zillown you can see it has been on and off for 7+ months. If I place offer less then 20% is that too low???? submitted by /u/supernaturalfan4 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1imxtr9/putting_offer_in/

Where to begin? Getting started as a landlord.

Hi everyone, My wife and I are considering keeping, rather than selling, our first home as an investment property. We’ll be purchasing our second home really close by and figure it might be an ideal situation to live in one property whilst renting out the other. That being said, we are at a loss for how to begin this process. Are there any online resources or literature you would recommend to get started? We live in Hillsborough County, Florida. Not sure if that helps any. TIA Cheers! submitted by /u/joker419 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1imvl6u/where_to_begin_getting_started_as_a_landlord/

Pexa

Do real estate agents have access to buyer details on PEXA? submitted by /u/Mooni999 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1imu3m5/pexa/

NC, listing my house. I want to do a 3 month contract to start

I am going with a realtor that I like. He has been in business 3 years. I have interviewed several. But, do not want to sign up for a 6 month contract to start. I am in a market with low inventory and my home is in $315 range. Move in ready ( townhouse) and only 11 years old. We are going to price to sell. Inventory is very sparce here since Helen came through. Your thoughts? I have no issue if he is doing a great job to extend it after the 3 months if more time is needed. I understand homes are selling slower right now. submitted by /u/Downtown_West_5586 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1im4c1m/nc_listing_my_house_i_want_to_do_a_3_month/

Non-Warrantable Condo Financing

Anyone have any experience with this and what sort of rates can you share with what company? I purchased a non-warrantable condo in NYC and realized much later what a hassle it is. Purchased through seller financing but now they are asking for balance and so I have to look for financing again. Building and all are great, but the units are mostly owned by siblings of a family. submitted by /u/krutorific [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1im02au/nonwarrantable_condo_financing/

What are the caveats of those remote village villas in Italy?

https://auctioneuropa.com/to-be-auctioned-exquisite-farmhouse-in-perugia-umbria-italy/ I basically found this amazing estate that sits on 50 hectares of land. Absolutely breathtaking views. Starting bid for auction is 115k. I know about the abandoned houses of Japan as I am from there and I know so many foreigners wanting to buy but for the locals those houses are basically worthless because of many reasons like lack of earth quake resistant structure, too much hassle of clean up, too remote etc. I would like to understand the real estate of Italy. What are the possibilities of it being a good retirement house? Thank you so much submitted by /u/Background_Bed2623 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1im1nxj/what_are_the_caveats_of_those_remote_village/

Delusional Homebuyer thinks she can have it all in California . . . For under $250,000.

https://www.reddit.com/r/SameGrassButGreener/comments/1ikzasl/looking_for_low_income_areas_in_california_that/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button submitted by /u/ExternalSeat [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ilg7a7/delusional_homebuyer_thinks_she_can_have_it_all/

Can I transfer my 3.75% rate?

Had our rental house on the market for a few months with no luck. It’s definitely not going to sell for the dollar amount I need to break even in this market. I have a HELOC balance I used for the down payment as well. Pretty much have to wait a few years until prices go up. Rent only cover about 68% of the mortgage and Heloc payment which both are pretty much all interest. I have a 3.75% rate. Is there a way for me to put the property for sale with the ability to transfer the rate? I feel like it would be a huge sales motivator and help me get the price I want for the house. Even thought about a for sale by owner with a big enough down payment then they pay what I pay for the mortgage. Thanks in advance. submitted by /u/Standup313 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ileokk/can_i_transfer_my_375_rate/

How Viable Is My Property Investment Strategy? (Refinancing home to BRRR)

I'm new to the idea of property investing so please excuse my ignorance. I learned of BRRR (Buy, Rehab, Rent, Refinance, and Repeat) through an 'online guru' whose honesty is being questioned so I'm hoping to get advice from real investors. I bought a run down property for 55k cash which I'm currently living in and renovating. When it's done, it should be worth around 120k but I'm guessing the bank will value it at around 100k. I then plan on mortgaging it and taking out 50k to buy my next property for around 100k. Of that 50k, there will be 20k for the deposit + 20k for renovations + 10k for mortgage repayments for 16 months for both the current house I'm living in and the new property (approx 600pm). Once that house is complete, I plan on renting it asap for 800pm so both mortgages will be covered with a little extra and then refinancing that new house which should have an increased value of around 200k before repeating the process on more propertie...

Selling a slightly distressed house as is or make significant concessions?

I purchased a larger house in a nice subdivision in 2021 around the time houses only lasted 4 days on the market. My wife and I had been run through the ringer on 20+ houses over the course of 8 months of searching and finally got our offer accepted on the house we are currently selling. Because it was so difficult to get a house at the time, I (very stupidly) waived the inspection and missed some items that a licensed inspector would have found. Some of those items are: Roof is past the end of its life. No leaking, but visible sagging on a truss. Rear 2 story deck is sagging by 1 inch in one corner Doorframes on first floor have pulled away from the framing by 1/2” We didn’t plan on selling the house until after we fixed the roof, but I was offered a director job 900 miles away for a 50% pay increase and only have two months until my start date. The house was purchased around 267k and is worth 340k now. Should I list this house As-is and drop my price to cover the roof and repairs...

is fall 2025 a good time to buy?

there’s a lot happening in the world every single day. my husband and i have been planning to buy our first house this fall for a while now. but i’m worried that something is going to happen that will make it not a good decision. like groceries and other things become way too much to afford. i’m not sure what the “trends” are with interest rates and things like that. what’s the prediction for what it’s going to be like come fall? as you can tell, i don’t know much about the world of real estate. please educate me submitted by /u/StrawberryFirm7109 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ikhosv/is_fall_2025_a_good_time_to_buy/

First house/ credit

Hi everyone. My husband and I would like to buy a house in the next few months, we found a house that I absolutely fell in love with so l went through all the necessary steps and spoke with a lender to see if it was even achievable (we were looking to buy a house I just happen to fall in love with this one and it was a good price) The lender came back to me and said our debt to income and everything look great BUT we need to raise our credit a few points. Now my husbands score is low, 540 I think, mine is also low but not from bad credit I just don't have any credit, mines at a 590/600. Lender told us to pay his credit card down to $40 but also said to open 2 credit card, she said it should be joint or both be in his name. She said this could take 30-45 days and I can reach back out so she can run the report again. Can you really build your credit a few points in that time frame? I can only hope the house I love stays on the market for that long but if not, it just wasn't mean...

What services/value do real estate agents look for when hiring a videographer/photographer?

I’m a freelance videographer/photographer who just graduated university, and I really want to create content for the Real Estate market. I wanted to ask this subreddit for what value do you look for when you look to hire for our services? I’d assume -Drone Shots -Cinematic Videos -Photographs -Virtual Tours But is there anything else that I’m missing. I’m trying to build a portfolio right now and want to incorporate as much as these “value-building” things as possible. I’d like to stand out so I’m the “obvious” choice over other people within this niche. I’m also curious to know how did you find your photographer/videographer? Was it through an ad they posted? Or was it through word of mouth? Or did they hit you up? Please let me know! I would really love to break into this industry haha submitted by /u/SeedJafsy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ijsq3s/what_servicesvalue_do_real_estate_agents_look_for/

Cheaper to rent

Been searching for a house near metro Atlanta Georgia for 4 months now. If it ain't the house prices then it's the insane high property taxes. 400k houses have like 6-8k of taxes annually, that's 400-600 a month th you're essentially giving to the county - insane. Generally, 6.5% interest with 20% down on a 400k house is 2600-3000 a month. Today I searched rentals around the same area, houses similar size, and they are 1900-2400 max. WTF. Does it even make sense to buy a house when you can rent one for cheper? submitted by /u/Diamond_Wonderful [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ij0uhx/cheaper_to_rent/

Realtor chipping in to make a deal happen

Quick question, how common is it for a realtor to contribute some of their own money to make a home sale happen? Basically can't come to an agreement with seller about some repairs, so both buyer and seller realtors have offered to put up a fair chunk of cash to help take the sting out. submitted by /u/Pester_Felgett [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iizm1j/realtor_chipping_in_to_make_a_deal_happen/

Advice on picking a lender

I am applying for a $350Kloan with a 20% downpayment (30-year fixed conventional) as a "new" homeowner (haven't owned a home in the last 5 years) for a new construction to be completed this August. My credit is 795-815, according to three pulls from different credit agencies done by the lender. I have two options: a builder-recommended lender, FBC Mortgage (Florida), who will provide $5K toward closing costs, in addition a 6.49% interest rate on my pre-qualification document. The paperwork states that this loan "will be transferred to another servicer". my own bank (Chase), who will "try" to match the incentives, however the percentage I am being quoted at is 6.875% in my pre-qualification (although they have indicated 6.99% in the initial disclosures). I am a Private Client with a lot of cash at Chase, but it seems to not have affected the outcome. This loan will be serviced by Chase for the life of the loan. Whom should I pick? Is there any...

Interviews

Hi. I am a new agent and just started at my brokerage. I am wanting to join a team within the brokerage and was wondering what the interview process was like for that and what kind of questions they ask so I can be prepared? submitted by /u/SelectSuccotash314 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iiwod4/interviews/

Seller will not budge FSBO

We put an offer in on a home. The sellers wanted 640k FSBO. They accepted. They agreed to pay 7k of the closing, great! After inspection, roof has some signs of water leak(wet insulation, wet unsheething) but no mold. 3 of the windows are original and do not open but the rest were newer and are fine. The radon also tested high and averaged out to 5.8. These were the 3 big items to us, wanting remediation. There were many other smaller issues but we decided to concede on many including the entire house is in need of an update but the location of this place and the fact is being on 2+ acres at the end of a culdesac has its perks, so we are more open to eating some costs. It will keep us in the same neighborhood and our kids stay in the top rated schools. Anyways, we went back and asked for a new roof, to have the windows in working order or replaced or even a credit, plus have a radon mitigation system put in place before close. They were taken aback and told us they are already saving...

Looking to sell a Villa without Agency

Hi everyone, I was wondering if anyone may be looking for a home to live/rent in Croatia, as there is a stunning modern villa just minutes from Split, offering breathtaking panoramic sea views and ultimate privacy. ✔ 4 Bedrooms | 320 m² Living Space | 910 m² Plot ✔ Infinity Pool, Sauna, Fitness Area, and Private Parking ✔ Fully Furnished & Move-in Ready If anyone would like to know more details, and see the photos, reach out to me, or share the advice on where to find interested potential buyers. Not sure if I am in the right place, but I took my chance here 🙈 submitted by /u/HeidiClumsy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ii6glh/looking_to_sell_a_villa_without_agency/

Love location/lot size but not the floor plan which will never be what I want. Would you go for it anyway?

We toured a house today in the only neighborhood we are interested in living in. We’ve looked and know this is where we want to be. However, we feel conflicted about it because while the lot is bigger than average and the set up is perfect for our son, garden and chickens we aren’t crazy about the floor plan. I love open concepts but this 70s two story layout would only allow for open kitchen and dining room vs the open kitchen, dining, living room that I prefer. The house has some nice extras like a generator, huge back covered patio with fans and tv installed, mature trees, and is out of the flood zone which is a big deal for where we live. This will be our 3rd house purchase and buying another home that I don’t absolutely love has me feeling so torn bc the location is perfect but the house will never be what we imagine for ourselves. Have any of you been in a similar situation? What was the decision and do you regret it? ETA: this was the 6th house we looked at in this neighborhoo...

Some rumor about mortgage and equity if the house looses value.

Sorry for the silly question, but I’ve been hearing something from my friend that I’m having a hard time understanding about mortgages. I want to see if anyone has an answer for it. Let’s say I put a down payment of $300K on a $1M house in the Bay Area, California, and take out a 30-year mortgage loan for the remaining $700K. If the house value drops to $500K in 3–5 years, my friend told me that I would need to pay the difference in lost value ($700K - $500K = $200K) before I could continue making my monthly payments. Otherwise, the bank would "take back" my house. Can someone help me understand this? I thought that as long as I kept making my monthly payments, I would be fine, even if the house price dropped. Why did my friend say I need to pay the lost value difference to the bank to keep the house? Thank you! submitted by /u/Smileeeeeeexd [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ihauky/some_rumor_about_mortgage_and_equity_if_th...

Whenever a new property shows up in the MLS, how can I get notified about it automatically?

Let me explain. What I’m going to do - I am planning to run lead generation for real estate agents. I need to get automatic updates whenever a new property hits the MLS. For example, if my search criteria is 3bd properties in X neighborhood, I should receive an email or some sort of notification whenever something new in that search criteria hits the market. How can I do this? Why I need this info – My client (the agent) is planning to send automatic email notifications to his leads whenever a new property hits the market. For example, if the lead is interested in 3bd apartments in X neighborhood, we want to send details of that new property to the lead. To do that, we should get notified whenever a new property hits the MLS in the first place. Thank you in advance! submitted by /u/Purpose-Driven-Life [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ihfx7h/whenever_a_new_property_shows_up_in_the_mls_how/

Do i need to file a quitclaim deed with the County Auditor if the wife(me) is adding husband to the home deed or I can directly record it with County Recorder since it is an inter-spousal deed?

I want to add my husband to our house deed in Ohio. We have a strong marriage and we need this document for another government benefit. submitted by /u/Ok-Mulberry-6716 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ihdq6d/do_i_need_to_file_a_quitclaim_deed_with_the/

What would you do?

Have almost $300k equity in my home. Interest rate 2.875 (bought in 2020). Planning to rent for a couple years max in Orlando to decide what area we like (moving from south Florida). 3/2 and looking to upgrade to at least a 5/4. Would you rent out the property or sell it? submitted by /u/rmustafa11 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ignd75/what_would_you_do/

Im 18 and might be interested in starting a career in real estate.

How could i start? I have heard some mixed things and i figured since i am so young that it would be worth it to get into so early but im not sure and looking for guidance. Im im canada if that helps as well. Thank you! submitted by /u/onzzek [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1igm0un/im_18_and_might_be_interested_in_starting_a/

Advice for selling my house

I'll try to keep this short. Sale of a 110k-120k house, and wanting to get the most out of it, my friend wants to buy since I am moving overseas. I want to be fair and get a good deal for both of us. Should I still hire a realtor or is it even worth the effort doing it on my own? How much would I actually save? submitted by /u/Navdaddy915 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1iglfd4/advice_for_selling_my_house/

Should You Rush to Buy a First-Time Home to Get Out of Renting or Wait?

My boyfriend and I are divided on this issue. I agree with him that renting feels like throwing money away instead of building equity, but I’m hesitant about the idea of buying a house and assuming it will automatically become an appreciating asset or a worthwhile investment, especially with not having much in savings. Since it wouldn’t be a forever home, he wants to put zero down using a VA loan (6% APR, 5.8% interest, 30-year fixed) and sell around the seven-year mark. We’re looking in the North Texas DFW area, where options are mostly limited to subdivisions. He’s open to an older home, up to 10-15 years old, that may need improvements. I’m struggling to see his perspective because the areas we’re considering have already experienced population booms, and market values are starting to decline. I’m also unsure how much to invest in improvements to ensure a good return. I worry about the build quality of homes in our price range (max $400,000) and whether they’ll require major repa...