I have client who has a mortgage that he wasn't paid in 5 months. He was 15000$ in equity. He may be behind 7k. I'm thinking of helping him out. Either a small loan to make him current. Or buy the property and rent it back to him. Maybe make him get some room mates. I'm not trying to take advantage, actually help his get ln his feet. The house will be worth much more if he can hold. Any suggestions ? submitted by /u/adidasbdd [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j6c6ym/creative_financing/

Thinking of renting an apartment while I try to sell my house. This means I would move out of the home I’m currently living in, lease an apartment elsewhere while I try to sell it - leaving open availability to showings. I should be able to afford both but what happens if I suddenly can no longer afford both and prioritize my rent over my mortgage - could I short sell? I’m in a really difficult situation and need to move hours closer to my mother. submitted by /u/ariesguy96 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j6at2o/can_i_rent_an_apartment_while_i_try_to_sell_my/

I'm thinking about buying a mobil home in 4 years.I should have about $80,000 by then.I. thinking about Bishop CA.Fishing and hunting.Does any one know a good finance co.that would finance me on the mobil home? submitted by /u/Secret-Building6542 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j69ynh/mobile_home/

I know the answer is that some do and some don't, but I am curious as to what agents think about the effectiveness of Materport 3D virtual walk through tours in their listing. I have recently been shown a Materport for purchase and I am considering opening a small scale start up to offer the service Any advice welcome submitted by /u/Small_Buy7901 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j69ctx/do_you_use_virtual_walk_throughs_in_your_listings/

Specifically for New Jersey and apartment units. Is there a way to find out if something happened in the apartment you rent? submitted by /u/Party-Hovercraft8056 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j5q9ot/how_to_find_out_if_someone_died_in_your/

My home was professionally staged and photographed yesterday and we are preparing to list for sale. Do I need to re-stage it perfectly for each and every showing? Do you think it's acceptable to have the microwave out on the counter, for example? We have two small kids and plan to keep it as tidy and clean as possible, but also minimize the amount of extra work submitted by /u/superfresh89 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j5ngmi/do_i_need_to_restage_my_home_for_each_showing/

Hi my name is Moses, I'm curious about anyone's experiences managing short-term rental properties (Airbnb, VRBO, etc.) or a large portfolio of properties. With the constant turnover, how do you currently handle post-checkout inspections? I’m hearing that many of you are forced into expensive, last-minute solutions or rely on manual processes that just don't scale with a hug inventory. What are the main pain points you face when trying to verify the condition of a property after a guest leaves? How do you manage scheduling inspections, especially during peak turnover times? Have you experienced issues with delayed or inconsistent inspections that have led to maintenance disputes or negative guest reviews? If you could change one thing about your current property inspection process, what would it be? submitted by /u/Spirited-Stomach-607 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j5kfqa/property_managers_shortterm_rental_owners_wh...

I know someone who is on the fence about selling, but it would really be in their best interest to sell, for a variety of reasons. How can I get them signed up for email lists, etc. from local realtors? Mind you, I don’t want to go on a website and enter their address asking for an appointment or anything (which is what a lot of sites have, apparently). I just think if they suddenly started getting newsletters from local realtors, even if they think they have just been added as a spam thing, it might get them thinking in that direction. submitted by /u/Throwawaythissucks23 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j4otez/nudging_someone_to_sell/

Can someone please help me figure out why this land is so cheap? Is anything wrong with it or could it be just because it’s in an deserted area? It’s around $25k for ~7 acres in south Texas. Could I build a house here (not for rentals or anything, just for my family)? Sorry, just new to this and trying to figure out. I attached a link to it, since that’s all I could really find. TIA :) Full listing: https://www.trulia.com/home/0-old-port-isabel-rd-brownsville-tx-78526-2100341554?cid=shr%257Cwww_mobile%257Cbuy%257Cpdp%253Aoverview%253Ahero%257Ccopylink submitted by /u/bahatbi [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j4sb1x/help_me_figure_out_why_this_land_so_cheap/

I am trying to automate / make repetitive time consuming tasks easier using AI. I am just getting started and looking for advice from Real Estate professionals to make sure I am building something that actually helps reducing your workload and increase revenue. Where do you spend most of your time ? If anyone is interested in leveraging AI in their first, please feel free to DM. submitted by /u/SubstantialAd5279 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j4rttm/seeking_advice_automation_using_ai/

Spec Home has been listed for 1 year and is sitting completed with a 2.5% price drop done just 1 month ago. Builder is still building out the development with 10ish lots to build. What addons are reasonable to ask for instead of a price reduction? Thinking fencing/deck/concrete pad/blinds/appliances? submitted by /u/halh0ff [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j4qy6u/addons_to_ask_for_on_a_completed_spec_home/

Hey everyone, I have been thinking a lot about real estate lately and i know this is the career i want to pursue, im 17 and im studying Finance and Banking in high school and planning to go to university but i dont want to wait years to get started. I see agents closing deals, networking, and making things happen and i cant stop thinking “how do i get there?” I know success in this field takes time, skills, and connections, but i have no idea what the first steps should be, if you were in my position what would you do? How do i start learning the business before getting licensed? What skills should i focus on right now? How do new agents actually get clients? Any books, courses, or personal experiences that helped you? Im motivated and willing to put in the work and just need some direction from people who have been there. Any advice would mean a lot, thanks! submitted by /u/triumph8_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j42x9b/im_17_a...

We're first time home buyers in a hot seller's market: one decent house can get tens of buyers interested. Our buyer's agent seem to work for many clients/buyers in the market, which is fine to us. However, we noticed that they recently closed a few houses that we were interested but decided to not giving an offer since the final prices (our projections, after bidding) were likely out of our budgets. However, we went to those open houses, met our buyer's agent there and they never indicated that one of their other clients are giving an offer. We just want to know if two of the agent's clients are interested, is the client obligated to disclose and transfer us to another agent? Otherwise, it is clearly a conflict of interest. What is the process of transferring another agent there? Why did our buyer's agent never disclose although we indicated initial interest? EDIT 1: Our state is California. submitted by /u/epipolar_gineer [link] [comments] sourc...

My house was listed September 24, it was pending within the first week. My agent listed higher than the initial price point (I’m guessing knew of a potential buyer who could go higher and my house was what they were looking for- same agency but different buyer agent). Week of the closing the buyers backed out due to an abstract issue. They wanted to rent out but my abstract says you can’t operate a business on property. My attorney said I can’t fight it, keep the earned and just relist it. I had had a really bad winter for this area which is likely reason no offers yet. I’m hoping spring it will be different. We’ve dropped it $15K so far so we are finally at the price it was supposed to be listed at. I’ve had 13 showings since 1/17. Most reviews say the price is too high. My agent also advised I may need a structural engineer to come out. Someone wanted house but walked due to a basement wall. The wall in question has 2 pilasters so people assume the wall isn’t stable but I think t...

Hi, I am in Florida and have my house listed for sale. My agent notified me last week that his entire firm is not able to edit our listing on the MLS because there are a couple of non-paying agents on his firm's roster. We decided on a price cut and an open house last week and he was unable to put either on our listing, so our house is still being listed for a higher price. He said he is working to get the non-paying agents removed from his firm's roster but so far he has not accomplished this...he keeps giving me timelines that have not panned out (first that it will be done last Thursday, then Friday morning, then Monday, etc...) My questions are, how long should this typically take to resolve? Should I be concerned? If a showing request comes through will it still be received even though he cannot make changes on listings? We have not had a showing request in a month and I am now unsure if it is because of this incident or if our house is priced too high. I would ask my r...

The way US stock markets are acting rn, would you still buy a house RN or wait for a small correction to buy at cheaper prices. This is for Seattle suburban market where it is still very much a seller's market and houses are going 2-300K over asking. submitted by /u/PuddingVarious7835 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j36aag/buy_or_wait/

Long story short - we had a gas leak/smell in the common hallway of our apartment last night (no fire alarms went off). It was very easy to tell there was some type of gas leak as soon as you open your unit's door. Next morning, the smell remained as I went to work. Again, no fire alarms went off. I saw fire trucks around when I left for work and assumed they were here to address the issue. I came home from work around 6pm and noticed the entire apartment had fire alarms going off. I also noticed the smell still remained so I stayed outside until the alarm was off. Once the alarm had been turned off, I get this email from management. email link: https://imgur.com/VSBtpiS The issue from my end is that they failed to notify us and the rest of the residents on the 1st attempt or the 2nd attempt.. only once it was resolved they sent us this email saying "oh it's safe now". I honestly do not feel safe living in this community anymore. Isn't there some type of sa...

If not cool , please let me know where i can post. Supposed to close a week from today. Everything is packed for our cross country move. We have done all the things needed to call the home ours next week. Last night, realtor calls me and says there is an encroachment that is being disclosed. Disclosure is supposed to be given within 5 days of contract agreement. That was a couple weeks ago. The fence was built encroaching on someone else's property for a total of 1196 sq ft. The property being encroached on is not approachable from anywhere else, it slopes like crazy and is unsuitable for building. There is, however, a relatively flat spot by the encroached spot that is decent for camping, apparently. A letter was sent certified last year to the seller. Is there legal action based on misrepresentation of the property? Perhaps we can seek damages and pay for our move? We are homeless in a week so i would rather not find a different home, theres not much out there we like on the...

Hi All, we listed our house on Friday and received multiple offers and don't know which offer we should go with. House was listed for $420k .... Offer 1: $420k/Conventional Loan , giving 3,500 earnest and 4,000 due diligence Offer 2: 426k/ VA loan 4,000 earnest and 6,000 due diligence Offer 3: $415/Cash Buyer 3,000 earnest 4,000 due diligence *** We are slightly concerned about the appraisal, as the house across the street sold a month ago for $385k but it doesn't have a garage submitted by /u/One-Delivery-8947 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j2eged/which_offer_to_take/

I am nervous. We are retired. Moving 80 minutes to the boarding state. We have a good rental budget. We were thinking of start looking once we get through the due diligence part of the sale of our home for a rental. If we can't find something what do you recommend for clients to do for temporary housing for a few months. We already got rid of so much stuff we have maybe need a storage for a one bedroom apartment. We sold most of our furniture. Any input most appreciated submitted by /u/Downtown_West_5586 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j2h81w/selling_our_home_then_we_have_to_find_a_yearly/

Just confirming with any LO in here. I received a AUS preapproval but concerned for manual underwriting current DTI with estimated new mortgage payment comes out is 59% I could pay down and bring the the DTI to 52%. About 15k that I’m comfortable with using for that, can still easily cover closing, etc… would like to not use if needed better returns monthly than paying down. Current residual income is about $4500. Is this likely to be approved by underwriter with the 59% DTI? submitted by /u/Odd-Construction-831 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j1q6a4/va_loan_approval_odds/

"fell 4.6% to 70.6 in January, an all-time low" Pending Home Sales Waned 4.6% in January submitted by /u/Kerry-Blank [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j1nn8u/pending_home_sales_all_time_low/

I'm looking into different career paths as I hate my current field (medical). I read that around 87% of real estate agents fail after within the first 5 years. After doing some research, it's not very expensive or time consuming to get licensed. Is this possibly a reason why that number is so high? You know, people just getting licensed quick but having no plan in mind? Or is it that the market is so saturated, that even someone doing everything right just doesn't get a shot? submitted by /u/Rebel_8383 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j1mtbx/is_real_estate_really_that_hard_to_get_into/

My daughter and SIL closed on a house in January. It's a 100 year-old house in Richmond, VA. I went to visit them two weeks ago to help work on the house. The basement is really a tall crawl space since theres not enough room to stand up fully. Half of it has a concrete floor. There had been recent snow and there was water seeping up through long cracks in the floor. An attempt was clearly made to patch the cracks - not only that but two empty buckets of hydro-plaster type stuff was left there. In addition, someone added black "Quick Dam" bags around the HVAC unit to prevent water infiltration. They left the bag as well, too. The seller never disclosed the leaks. The inspector never reported it. Now my daughter is having to deal with dampness/moisture issues that could be expensive. On top of all that, she just learned she's pregnant so any mold issues would be a concern (I didn't see any mold, though). What should her recourse be? How should she address thi...

Okay so I am on a team with a 60/40 split when the team gives you the lead. Along with a 12% transaction fee off the top. And then some money is going to the brokerage. I was given the lead by Zillow through my team. So I believe I owed Zillow 40%. Basically I just did a sale at $785,000 and got 3% commission. Which would be $23,550. I ended up with $3300 after everything was taken out. And that’s PRE TAXED MONEY!! What do I do? Does this sound crazy to anyone else? Does this even make sense? submitted by /u/Ill_Tailor_8507 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j0xzsf/commission_helppp/

Closing on a house soon and sellers are offering a 1 year home warranty with "America's Preferred Home Warranty". This is no cost to myself. I have done some research the general consensus is that these home warranties are a scam and they will deny a claim whenever possible. Our inspection revealed a couple minor and non urgent issues. A few separate plumbing issues with estimated repair costs of 400-600 each. One electrical issue estimated repair 750. The home warranty deductible is $75 per call. You can choose your contractor. These are covered items when I look at the warranty fine print. I don't see anything about "pre existing conditions" like you often see with insurance plans. Is this considered fraud if I file a claim a few months after I move in? Am I required to show them the inspection report? Do I file a claim and if they deny it I'm just out the $75? People buy houses without inspection all the time so I'm not sure how they would kno...

As a seller, I’m in a multi bid situation right now, which I’ve never experienced. I have 4 bids, w/ a 5th expected in 2 or 3 hours. In my mind, these are the top 3 bids right now, I’m interested in which one you would go with, list price is $459,900. Bid 1: FHA Loan, $477,550 offer (comps won’t support this), “as is” addendum which includes the ability for them to back out immediately if they don’t like what the inspection report finds. They have now also set two deadlines for a response even though we stated bids wouldn’t be reviewed until Monday, and honestly this irritates me. Bid 2: Conventional Loan, $459,900 offer, waived right to inspection (will be for informational use only) and will cover up to 10k in any appraisal difference (won’t happen, comps will support ask price). Bid 3: Conventional Loan, $459,900 offer, will waive any/each line item repair estimated at under $500. I have my choice in mind, but interested in others thoughts. submitted by /u/Humble-Ad-7426 [...

Mom will be living in my(her’s) 2 bedroom farmhouse I have built on the old farmland near her remaining siblings and kin by summer. Will be 88y in August. Her house-my childhood home-will need to be sold. It needs updating. Any tips on selling a house as-is on 3/4 acre would be appreciated! How to go about doing this? Banks likely IMO would not finance the house for someone due to the needed updating. So how to go about doing this? submitted by /u/ScaleNegative5697 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1j0ugwp/selling_moms_house/