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Showing posts from May, 2025

What is happening with average rent on the Zillow Rental Market?

All the sudden, there's a huge drop in average rental costs on Zillow for May compared to April as well as compared to May last year - $700 in SF and something similar in other cities. What is happening? submitted by /u/the_odovacer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kpc2kr/what_is_happening_with_average_rent_on_the_zillow/

Advice Needed: Best Way to Tap Equity from Paid-Off Home to Buy Another in Cash?

Hi all, Looking for some financial advice. I own my current home outright (worth around $500K, purchased around $435k cash 2 years ago in Orlando) and am considering buying another home in cash for ~$350K. Rather than selling my current home, I’d like to tap into its equity to fund the purchase. What would be the smartest way to access around $350K? From my research, I’m seeing a few options: • Cash-out refinance • HELOC • Home equity loan • Bridge loan • (Or maybe I’m missing a better option?) I’d prefer to keep monthly payments manageable and ideally fixed, but I’m open to hearing pros/cons for each route—especially from people who’ve done something similar. Not planning to sell my current home anytime soon, and the new property would be a primary residence or possibly a long-term investment. Any insights or personal experiences would be really appreciated! Thanks in advance. submitted by /u/Savorymoney [link] [comments] source https://www.reddit.com/r/RealEstate/co...

Should I sell or rent?

Hey all, I'm having a hard time deciding whether to sell or rent out my townhouse. I purchased it 7 years ago for about $750,000 with $400,000 down and a 30 year 3.25% loan. Since then it has barely appreciated and is currently worth about $800,000. Problem is that this was always meant to be a starter home, and with a recent divorce I do not want to stay any longer. Location is a VHCOL area. Between the mortgage, HOA and property taxes, I would break even and earn nothing if I were to rent it out. I'm leaning towards selling but hoping to get more opinions here. submitted by /u/alexsofluffy_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kpe6w6/should_i_sell_or_rent/

Accepted offer.. how do I shop rates?

Sadly this is my third home purchase..hopefully the last. We are under contract on a new place with our current house also under contract, contingent on closing on the new one. Closing date for the new place is about 6wks away. I have always worked with a local bank lender he is really great and I honestly have no complaints. With prices getting so high and rates doubling since my last purchase I feel as if I need to rate shop a little bit just to keep him honest and my due diligenc. We got pre approved obviously(no credit pulled, he knows me and our income so). Probably going to pull credit this week and potentially lock in a rate. Since rates change daily my question is when should I go to another lender and ask for a quote? I assume a new lender will want all the details and need to pull my credit again? So do I do it the same day? Can I lock one in and then back out if I find something better? If I found something better I would prefer to give my current lender a chance to mat...

Selling My First Home & Really Struggling

I have owned my home for 6 years now. I’m 29 years old. My partner and I (together for 10 years now) bought this home for the beginning of our lives together after we got married; however the biggest reason was to provide a bigger space and our own home for our soul dog, a GSD named Maverick James. He was 2.5 years old when we got this home (we have had him since he was 8 weeks old). He has gone through many moves and hard times with us but this home was his HOME and we made it our home. We recently lost him 3 months ago very unexpectedly 💔 We have a great opportunity to purchase a larger home on a larger piece of land, and we are already committed to the idea. I’m just really struggling to let go of my first home where my soul dog lived most of his life… the home we bought FOR HIM. Can someone please give me advice and let me know that it’s okay to move on from your first home? 😭😭 I never thought I could own a home at my age so the idea of letting go of my first home that was for ...

Real Estate Attorney (Or Possibly Other Attorney) Need To Get A Lien That The County Filed On My Property Removed.

Real Estate Attorney (Or Possibly Other Attorney) Need To Get A Lien That The County Filed On My Property Removed. The short story is, I sold a piece of property two years ago with owner financing. The buyers never made any mortgage payment payments and I foreclosed on them. It was then discovered they were still living on the property legally. I filed an eviction notice which took approximately a year to complete. I then relisted the property for sale upon sale. I found that the county had put a lien for code violations. It’s important to know that these coded violations were put in when the property owner had an active eviction on the property and was the one calling the county to try and get the legal trespasser squatters off of the property. And that those illegal trespassers were the ones damaging the property and causing the violations. I’ve called the county and explained this, but they say there’s nothing they can do and I can either pay the amount, which equals pretty much t...

USDA Guaranteed Loan

How long after underwriting approval, are we seeing it take to get the final USDA loan approval? submitted by /u/rowdownthestream [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1knzg4y/usda_guaranteed_loan/

Is 35 too late to start a new career that pays well

I want my fiancée to either start working or begin studying something she enjoys but that also has good earning potential. I currently pay all the bills, which is fine, and I’m happy to pay for a course or qualification for her if needed. She’s 35 years old, and I wonder: is it too late to start a new career at this stage? To be clear, I understand it will take time and effort to build a career and reach a good income level, and I know it won’t be easy. I just don’t want her to start something with a low ceiling, where even after years of effort the financial return is still limited. So my question is: What are some realistic career paths or industries in the UK that she could start now and eventually earn £100k+ per year? Any advice, personal experiences or suggestions would be greatly appreciated! submitted by /u/lucasribeir [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1knxxqr/is_35_too_late_to_start_a_new_career_that_pays/

Finally found a decent apartment in Houston without getting scammed (AI tool helped me)

Bruhhh I’ve been trying to move for weeks and kept running into sketchy listings, ghost landlords, or places that didn’t even match what they advertised. It felt impossible to find a decent spot under $1,500 that wasn’t falling apart. Then I found this random AI tool someone mentioned that basically answers Houston housing stuff — rights, rent questions, where to look, etc. I asked it about evictions, Section 8, and where to search without getting finessed. It actually helped me narrow down neighborhoods, warned me about scam tactics, and even helped me tweak my messages to landlords. Ended up getting a lease signed last week for a place I feel good about. Not trying to promo anything, but if you’re dealing with housing stress in Houston, it’s worth playing with: https://chatgpt.com/g/g-6826f311f4cc8191b1dc10ca66241ad4-houstonconnect-ai (Just copy and paste in Google) Hope it helps someone else. submitted by /u/Typical_Bike9524 [link] [comments] source https://www.re...

Neighbor built too close to my land — now they need my consent. Should I use this as leverage to buy the house cheaper?

Hey all, I’m in a bit of a pickle and trying to figure out the smartest move. A couple of years ago, a neighboring landowner asked for my written consent to build his house near the edge of my land — the agreement was for 5 meters from the border. The land strips are narrow, and I wasn’t planning to build anything there, so I agreed. Fast forward: the house is now built, but it turns out they placed it just ~1.3 meters from my border — much closer than agreed. Now they’re coming back asking me to sign off on this post-construction so they can legalize the building (get it “put into use” / “commissioned” / obtain an occupancy certificate). From what I understand, they probably can’t sell it or get it registered without my signature, since it doesn’t comply with distance rules. It’s already up for sale, but I assume banks won’t issue loans for it in this state. Here’s the twist: I actually wouldn’t mind owning the house, I was planning to build in the area anyway, and this would sav...

Real Estate issues

If your in real estate business, you are facing at least one of this problems: 1- Are your agents still chasing dead-end leads manually? 2- Your leads are worth more than a one-time follow-up ? 3- Real Estate is a 24/7 game, is your follow-up? 4- How much time is your team losing every week to admin work? 5- How is your team managing your appointments scheduling? I got the solution for you, I hell agencies like yours get better leads, faster deals, and more hours back. it’s the AI time, use it and let it unlock your business’s full potential. My AI systems will work for you 24/7 on all the repetitive tasks and save you more time to focus on closing big deals and growing your business. If yoy are interested, Don’t hesitate to email me on : oussama.elmoumen@ai4estate.com submitted by /u/oussama_EL0 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kn3yl2/real_estate_issues/

How will a new waste water treatment plant affect our home's value

We have been informed that a developer is putting a large neighborhood across the street from us. (We currently all have our own septic systems.) This neighborhood will have a waste water treatment plant to treat the sewage of the neighborhood and 3 large schools and other retail outlets. Does anyone know of any research regarding how this WWTP will influence our property value? submitted by /u/marhmar [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kmf8wr/how_will_a_new_waste_water_treatment_plant_affect/

Buyers financing didn't go through

Just more of a rant post. Last night we got word that the buyers for our house had to back out because of financing issues with their current lender (Rocket Mortgage). The end of their due diligence period was actually today. We were supposed to close on 06/04 and then close on our new house 06/06. Now we're not sure where to begin. Our realtor said he referred our buyers to a new lender but doesn't know time frames for anything new to potentially getting approved. We of course do not want 2 mortgages so the whole situation sucks. Anyone else deal with something similar and did it work out? What would you do in our situation? submitted by /u/Potential-Rice9724 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kmc1k5/buyers_financing_didnt_go_through/

Offered over asking with an escalation max of 30k over asking and sellers want even more

Short story is I found a home that I really like that was calling for highest and best about a week and a half ago ( 4 days after it went live). I offered slightly over asking price with an escalation max to 30k over asking. The sellers agent came back and said the sellers want 50k over asking minimum and they were asking all people who submitted offers to come up higher. I didn’t really budge other than sweetening the terms slightly by offering to double deposit, flexible closing and increased escalation max by 5k. I think the home is slightly overvalued at asking so I’m only willing to go so far above. They removed the highest and best from the listing description and the house is still in the market. They haven’t declined my offer, but they haven’t accepted any either. The home was also listed back in 2021 for about 150k more than this listing and they came down about 100k over the course of 10 months then delisted it. Are these guys just playing games? Should I just forget this h...

Distressed Property Question

In October 2023 bought a home built in 1993 on three acres southeast of Springfield, MO purchase price was $240k and put 5% down. Two months later insurance cancelled due to age of roof they said they sent inspector out and it didn’t pass. Took out loan on paid off car to pay for roof as after moving and buying home was cash poor. 2023 Tax bill came and withholding at my new job was wrong so got behind on mortgage was federal employee so taxes had to be paid first. Work out deferral and all is good. Then as federal employee with little tenure was encouraged to find other employment did so and took pay cut. In the meantime car repair for $3,000 and AC broke on house. There are many issues that weren’t on original disclosure I will be more honest than lat person. I owe $228k due to deferral. Here is my question I am listing home if I can’t pay rent in new place and payment which frankly is not likely what are odds of short sale acceptance if I am responsive and proactive. Also, if goe...

Got approved from builder’s lender yesterday, husband laid off today. Closing won’t be until late Dec/early Jan 2026. What do we do?

We have just signed a purchase agreement and been approved for loan for a new construction home by the builder’s lender (a requirement to move forward with the new build). We’ve put about $30k down as earnest money and a deposit for our new home’s materials. Unfortunately, my husband got laid off and now we are unsure of what to do. Our closing date won’t be until the home is fully built which is currently looking like late December or early January (builder is waiting on permits to begin construction). We only qualified for this loan because of my husband’s income. A few questions… Has anyone been in this situation before? What steps did you take? If we aren’t closing for several months should we still inform the builder’s lender? We aren’t set on using them for our home loan but were required to get approved by them to move forward with construction. We have the option to choose our own lender later on. Since closing is so far out, will this lender revoke our approval because o...

I overbid and need advice

I need urgent help! I’m in a really hot market in NY and my agent called me about an off market listing. They were going to list it at $999k but said the sellers were hoping for a bidding war and wanted $1.2M (not sure if that’s true but that’s what he said). I really didn’t want to go past $1.05M, which I thought was fair given the comps that I ran myself. It’s by far the nicest house in the block. Somehow I went up to $1.1M as best and final……. But it still didn’t even end there. I was convinced in the heat of the moment to go up to $1.125M. The house really is perfect and has everything we were looking for and I know deep down we won’t find that again but it’s just slightly over budget. I barely slept that night and felt so sick. And then we were there for inspection the very next day (yes everything happened so fast) and the sellers decided to tell me that their taxes are low because they have a disability exemption which we obviously won’t get because we are clearly not disabl...

Homeowner died intestate and may need mortgage forbearance

Hi- hoping for some advice on if this is possible. Trying to condense as best I can. Homeowner (my sibling) died without a will and has two minor children and was divorced. He paid for all the housing and bills, this is a two family house that also houses our parent in the separate apartment. As a result, my family including his ex wanted me to be administrator as historically spouse and I are financially stable and more well versed to deal with lawyers and estate complexities. Unfortunately we’ve had a TERRIBLE lawyer, this case has dragged on for YEARS, and my younger nephew turned 18 last month. I was appointed guardian of property last year, but court still appointed guardian ad litem by the court, 2 months before his birthday. The main issue is the mortgage company will not give any info to us, so we have spent years just trying to guess the payments based on bills, and with some in person begging for info, educated guesses, etc. Social security survivor benefits have ended f...

If you're an agent taking your own listing photos, listen up about LIGHT.

As someone who's been doing real estate photography forever, it's clear that some basic things about light are just... missed. And honestly, light is the most important thing in a photo. Period. You don't need all the fancy equipment I use, but you DO need to understand light. Natural Light - Use It Properly Let's start with the obvious: natural light is your best friend. Use it. But use it right. Exteriors? Sunrise or sunset. Golden hour. That's it. Makes the house look inviting. Any other time and you get harsh shadows or it just looks flat. Don't photograph the front of a house with the sun behind it, that's just basic. Interiors are best mid-morning or mid-afternoon. Get that nice, even light without sunbeams making weird shapes or blowing everything out. Cloudy days are actually wonderful for inside shots, makes the light soft and beautiful. And for goodness sake, open ALL the blinds and curtains. Let the light in! If the sun's too strong thro...

Deed issue, supposed to close 5/30

How bad is this? We got this email from our realtor, forwarded from the seller's attorney: "The seller sold the neighboring lot 11 to “neighbor’s name” however the deed references plat book B408 at page 9 that shows lot 11 and 12 as one unified lot. Due to this it’s arguable that lot 12 was sold in that transaction so we are having to get a deed back from “neighbor” for lot 12. To make it a little more complicated, “neighbor” also has a mortgage on the property so we have to get a partial release of that mortgage for lot 12. I’ve let the attorney from that closing know what we need and they are going to start working on it. The deed back from “neighbor” I don’t think will be that difficult but the partial releases can often take some time to obtain. Essentially, it appears to me that our neighbor technically owns our lot. The title shows only lot 11, but the deed shows 11 & 12 as one property. Both are new builds, lot 11 closed in April of '24, we are buying the hou...

Should I invest in Renovations?

Hello All, I have a single family rental in Indiana that I paid off during Covid for $33K.. I am not sure if I should pay the renovation costs to get better rent or leave as is. The current numbers are: SQFT 1556 3bed/2 bath Built 1971 Rents for $825/month Expenses: Management + Insurance+ Taxes : $250 Mortgage: $0 Net Expenses: $575/month Current value ~$110k. Basically the the renovations would be a brand new kitchen (with quartz counter tops, stainless steel appliances such as Refrigerator, gas stove), upgraded bathrooms and laminate/hardwood floors. Fixed backyard deck. I have not estimated the costs but probably less than $40K. What should I do leave as is or invest in changes? Thanks submitted by /u/NoLeopard2169 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kko57x/should_i_invest_in_renovations/

Low ball offers?

A home for $650K is on the market in my area. It’s only been on for a day and we went to look at it. We liked it but felt like it was overpriced. Our agent even agreed it was really overpriced and said let’s just see if it sits. My husband and I talked about it and couldn’t stop thinking about the house so I told our agent we wanted to offer $600K. Our agent called very unhappy essentially stating it’s not a good representation of the real estate company or him and that we don’t understand the market. Are low balls in that poor of taste? Were we wrong to push so hard to come in at that price? We’ve been searching for a home since I sold my townhouse in October 2024…. submitted by /u/spilltheteaplz411 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kkihj9/low_ball_offers/

Help with a national search?

I have a unique job. I work from home and need reliable internet access and power. I need to be within 2 hours of an international airport. I have a list of states where we already have payroll set up. Beyond that the requirements are up to me. I've got 25 years of equity in my current home that I'll be selling. So, will have money to put down and/or improve a property. This move is stemming from a divorce. I'm coming out with credit and assets pretty well intact. Our kids are grown, my family has dispersed. I'm ready for a change of scenery. The budget is limited but still I'm feeling overwhelmed with options. I've been doom scrolling zillow for weeks, picking a region, setting a budget and bedroom basics and wandering around poking at things. I've been hoping to find several good candidates in a single location and go out for a visit to meet with realtors and see some homes. Hopefully discuss other properties they may suggest in the same desirable are...

First time seller. Buyer asking for price to be drop to appraisal value. Normal? Advice?

I am a first-time seller. I am selling a 100+ home in a historical district. To make it what buyers want, there is work to be done. Both the buyers and I know that. The house is livable (I've had renters in it for many years.) but is old. Turnaround times in offers has been within the day. So I know they have a high interest. Asking 650 Offer 605 I counter 635 They counter 625 I hold They accept 635 After inspection they want 20k for repairs I refuse They ask for 10 or pull the deal I accept (635 and -10K for repairs) Appraisal come in at 615k, they want me to lower the price to 615. I know everything up until now is normal, but asking the price to go for the appraisal price? Is that common practice? Thoughts? submitted by /u/No-Net-1188 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kj4aft/first_time_seller_buyer_asking_for_price_to_be/

I’m 18 and know nothing about real estate

How can I start making money? I know it’s kind of a blunt question but I will sit here all night and read comments. If anybody could give me advice on the process, where to start, where to go, what to do, that would help so much. I hoping to end up building wealth over time and become somewhat successful by the time 30. submitted by /u/Commercial-Wheel-168 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kj3x77/im_18_and_know_nothing_about_real_estate/

Risk of appraisal not meeting selling price because of roof leak

I'm looking to buy a property from family members. It's an old lake house mobile home with addition. There is a hole in the roof that caved in the ceiling and has damaged subfloor to some extent in a portion of the added on segment. I've been approved for the amount needed but they indicated it comes down to if the appraisel will meet the selling price and what the extent of the damage is. From the taxes the land is worth all of the value and the house is only around $5K. What are the odds the appraisel will still come back ok given th damage? Will the appraisel consider it sits on lakefront property even if the house is worthless and does that potentially affect the loan if the house is not livable? For context the sales price is 125K submitted by /u/DalysDietCoke [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kigwhu/risk_of_appraisal_not_meeting_selling_price/

Selling a home to a Cash buyer

Question ..I may have a Cash offer on my home. I have not lísted it yet and have not signed any contracts with a realtor.My plan would be to sell it As Is with no contingencies. I would have a realtor or real estate attorney look over the contract. I'm reading I would still have to pay them 2.5 percent commission. My question is why that much? They won't be listing or marketing the home or drawing up the contract. Would love to hear your experience selling a house this way. I've purchased and sold 3 homes but not this way. Thanks 👍 submitted by /u/Puzzleheaded-Fall874 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kielmy/selling_a_home_to_a_cash_buyer/

Are top markets imploding soon?

I'm fairly well off and retired at 56. I live in Brookline, MA in a well priced condo. At this time of year when school gets out and medical residencies end, lots of condos go on the market. But the homes in the area ($2M+) are relatively sparse. Not this year. Seems like a lot of people are bailing. To anyone with any understanding of economics and history, to anyone with two brain cells, the current administration is sabotaging the fundamental economics of the country. We can have a discussion about the pros/cons if you like, but everyone with a degree in econ or finance agrees. I have a fair understanding of economics, and this does not look good to me. I did well in 2008 by staying in cash. BUt now I'm recently retired and getting worried. All of a sudden, SERIOUSLY rich people al over this town are bailing. They can afford far btter advisors than I have. I mean, it could be coincidence, but the sheer numbers of stately homes/mansions are suddenly coming onto the market....

Century Communities

Are they a reputable builder. Is it worth the headache for a low interest new build? submitted by /u/Relative-Panic6154 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kicadt/century_communities/

Recently sold my house with flat fee listing broker

We offered 2.5% buyer agent commission. After the first open house weekend, we got 4 serious buyers, 2 from showings and 2 from the open house. 2 written offers both above asking. I told the stronger offer that if she paid her own buyers agent commission, I would not bother with any escalation or waiting for any other offer. She called her agent, with whom she has purchased many other investment properties. They negotiated a smaller commission that she would pay and we signed the contract. Buyer agent commission: 6,400. 0.64% Seller agent commission: 400. 0.04% A few observations: The first offer you get is usually your best. Buyers have more opportunities than sellers to reduce fees. Settlement companies can be unethical. This one gave a $200 credit to the buyers and then charged me a $200 processing fee. submitted by /u/adsfdgfhgjhkjl2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1khmk7c/recently_sold_my_house_with_flat_fee_listing/

Real Estate Investment in Rajasthan Jaipur

New projects at good prices in Jaipur, approved by JDA & RERA. Projects located at Agra Road, Jagatpura, Tonk road and many more with good ROI in upcoming years. Grab this golden opportunity and invest today. Just a step away from golden future. For more details contact:- harshgargog@gmail.com submitted by /u/HARSHxG_G [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1khlk9q/real_estate_investment_in_rajasthan_jaipur/

Furnace and ac unit very old..home warranty worth it? Or should I walk away?

I’m in the middle of purchasing my first home. Fell in love with the house, was praying they would go down on the listing price but they would only give me 10k towards seller concessions and I went ahead and agreed based on my inspection. I found out on the inspection the furnace is around 45 years old but still works and the ac unit he’s unsure if it’s working properly because he set the temp down to 64 and it barely read to 70. the inspector is recommending to have it serviced due to that and being old at around 15 years but to be sure it’s working properly. I have children and I’m pregnant with another baby so those things I know are costly repairs. My realtor mentioned either walking away to other house or she also mentioned home warranties. Didn’t even know about that. Is this worth getting ? And if so, how does this work in terms of having them replace it? I’m sure all policies are different. Anyone recommend a good warranty business? Or can offer any advice? Thank you. s...

HOA fees

Living in a condo where quite frankly the HOA fees are too high for what it offers and we have no control over lowering them. Having a hard time selling- any suggestions on how to get this thing sold? We’ve dropped the price significantly and we’ve confirmed with multiple realtors we’re priced correctly based on comps within the building and around. submitted by /u/Massive-Platypus-149 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kgtbkx/hoa_fees/

Tacky or clever?

I think I found my dream home. It is in a “highest and best” bidding war - due tomorrow at 5 PM. The biggest flaw with this home is the backyard. It’s relatively small and sloped. We want to put in a pool and a retaining wall to fix the issues. With a 5 PM deadline to work against, I went into a deep dive on town building and zoning codes and used public data along with google maps to measure distances and determine feasibility. I’m not a structural engineer but do have a ChemE degree so I can work with numbers and interpret codes. If my offer is accepted I’ll bring my friends who are local residential architects for some insight and will potentially hire a structural engineer for advice. Despite alllll that, I have come up with a pretty significant figure to offer. We can go beyond $800k but, frankly, we’re already going to be throwing $100k into renovations immediately as it needs it(our second child is due in late August). So, I just don’t think the home is worth more than $762k ...

Reality advice

How much monthly mortgage payment is doable when you have double income of $10k a month and own a townhouse that’s paid off 50% and plan to rent out, but monthly mortgage+hoa is $2600? Currently the house we are looking at requires about 4.5-5k monthly payment with the downpayment we can afford and was wondering if it’s ok to do. submitted by /u/Fine-Culture-7862 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kgroaz/reality_advice/

Buyers got cold feet and canceled the deal

Obviously my realtor and I are both upset back our buyers got cold feet and canceled even though we offered them the property for 40k below comparables. Their inspector apparently saw bubbling paint in one of the bathrooms. The inspector just assumed it was mold and water damage based on visual inspection only, no testing whatsoever. I took it upon myself to chip the bubbles away and found no evidence of water damage, any sort of leak or soft spots. The bathroom needs a repaint anyhow. Thoughts comments suggestions? submitted by /u/Tonberry38 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kfykof/buyers_got_cold_feet_and_canceled_the_deal/

Buying a NN Dollar General w/ 5 Years Left – Need Advice on sales analysis, risk, and reuse

Looking at buying a corporately-operated Dollar General on a NN lease with 4-6 years left. Broker says sales are strong but hasn’t shared numbers. I'm NOT a passive investor, I have experience running mini-supermarkets /dollar stores/gas stations and already have supplier relationships. If DG doesn’t renew, I’d look to repurpose and operate the store based on what concept drives the best return locally. That's the whole reason I want to do the deal anyways. Main things I’m trying to figure out: Will the broker give me Dollar General's store sales? Any way to verify accuracy? What’s a healthy rent-to-sales ratio for DG? Is under 6% the right benchmark? How often does DG build a competing store nearby after lease expiration? Anything else to watch for when planning for potential reuse? Appreciate any insight from people with DG or NNN retail experience. Looking at this as a long-term strategic play, not just mailbox money. submitted by /u/UnlimitedShores [lin...

First-time homebuyer in Denver overwhelmed by paperwork!

Hey everyone, Been trying to buy in this crazy Denver market for the past couple of months and I'm starting to feel completely overwhelmed. Between scheduling showings (which are booked SOLID), constantly refreshing Zillow, and then trying to keep track of all the disclosures, inspection reports, and mortgage documents... my brain is fried. Seriously, I feel like I'm drowning in paperwork. I've tried spreadsheets, but it's just not cutting it. Anyone have any good tips or apps they use to stay organized during the home buying process? My buddy, who's a lawyer, mentioned he uses some kind of voice-to-text thing to dictate notes really quickly - something called WillowVoice? I haven't looked into it much, but I'm wondering if anyone has experience with that sort of tech for real estate stuff? Maybe for quickly jotting down notes after seeing a property? Mostly, I'm just looking for tried-and-true methods that seasoned homebuyers (or realtors!) use to ...

Were you sure about the house you bought ?

Hi, My wife and I are on the market for a house. We found a house that ticks all the boxes (enough rooms, nice location, nice garden, close to schools and uni, etc.)... But, we're not really in love. Living room is a bit tiny, kitchen could be better, bathrooms are tiny (but there are 2 of them), and bedrooms are under slope (at least one wall can't be used for tall furniture). So we're really hesitant on sending an offer. We were thinking on offering 680k instead of asking price of 710k and we wouldn't be sad if we didn't get it. But I'm not even sure about doing this. I feel like we're frightened of such a big committment I guess. The thing is, our max budget is around 715k. Maybe a bit more but not sure. And we fear missing out an opportunity that ticks all the boxes. By comparison, a few weeks ago, we visited a house that we think we'd be less frightened to buy except that it was missing a bedroom and that coudln't be overcome. So... From y...

Do I qualify for buying a house?

My partner and I have been renting for some time but the owner is selling the home, and considering we have a good chunk of savings I was wondering if we would qualify for buying a home: we live in Arizona and are looking to buy in Southern Arizona (San Tan, Casa Grande, Mesa, Gilbert, Tempe, etc.); both of our credit scores are about 670; we have $15k in savings; we make $40k a year; I don't know what other information I should disclose. I don't know the first step to buying but a lot of the apartment in this area have outrage prices considering how shitty the reviews are on them and my in laws say we don't qualify but idk. Thank you in advance for your time! submitted by /u/all_monkey_bizz-13 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kf5q79/do_i_qualify_for_buying_a_house/

NeighborHood is Hot

At least 4 houses within 3 blocks have sold or gone pending within the last month. Usually go pending within a week of listing. Two of them were right across street from each other. Soon as the first sold the other listed and when pending within a week. At least two more listed recently and went pending within a week. All 3bd 2ba ~1400sqft $407K to $441K. Several other larger are on the market for about $500K+. Most are about 2004 era builds. submitted by /u/NOYB_Sr [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kefeco/neighborhood_is_hot/

Looking for a studio/1 bedroom apartment to rent in South Bay Area.

Hello Reddit Community, I'm looking for a studio or 1 bedroom apartment to rent (long term/short term) in South Bay Area. I'll really appreciate if anyone can share the leads. Thank you so much submitted by /u/wasting_time_heree [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kedrh6/looking_for_a_studio1_bedroom_apartment_to_rent/

Final walk thru

My only worry with my final walk thru is for the HVAC to still be working. Obviously I’ll check everything. Can I bring an HVAC tech to my walk thru ? Or is that over kill submitted by /u/cubzwin2016 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kdrbf9/final_walk_thru/

Bought a plot of land in Utah too small

I bought a .16 acre plot in the Iron County Utah (Beryl) desert. I am a 19m and was looking to one day build a star gazing cabin. I am from the east coast (New England/FL) but I love the nature out west and wanted a plot for myself. Unfortunately 18 year old impulsive me did not do his due diligence, and the land I bought is considered unbuildable. They told me this is because it is too small for a septic and well. I technically can build a building 200sq feet. This would be fine for me since I can install above ground water and waste water and this would be my permanent home. However, there is a rule that accessory buildings and campsites in unbuildable land can only be stayed on for 16 days per month. I also couldn't rent the cabin when I am away. The first part especially frustrates me like what do you mean I can't sleep on my own land when I want. I do get it is kinda my fault for not doing due diligence. The land was stupid cheap, adjacent to BLM land and near Zion howeve...

[US] Realtors Beware! Fake homebuyers are crypto scammers.

Just had someone try this on me. I sent photos of home she was going to pay cash for. A great lead because it was a $600k home. She then started talking about crypto and how she can help me make money. She also would text every day saying happy whatever day of the week it was. Another odd thing. When I sent photos of home she sent me a selfie. Which weirded me out. I kept up the conversation for about 2 weeks. She sent another selfie and I could not locate either image on google lens. Well finally she sent a picture of her grocery cart. I found that image on about 7 different instagram accounts. I still didn’t tell her I knew she was trying to scam me. She wanted me to attend a 30 minute trading session so I could make some money. I told her I’d wait til she came to town in a couple weeks because I was a visual learner. Well then she said she couldn’t teach me because it would take longer than the week she was going to be in town. So I said well you can teach me in 30 minutes th...

My generation is doomed

So I’m 22 years old and have saved a very large sum of money up around 400k I’ve worked very very hard since I was 15 years old and I’ve been thinking about buying a home until I looked at the prices of homes in the last 3 years literally every home that was 200k-300k is now 600-700k or more, it’s legitimately impossible to afford a home for my generation it doesn’t matter how hard you work. I’ve looked at almost every state everything is 2-3x what it was 3 years ago, I mean it’s ridiculous and very upsetting that basically everything I work for is just seeming not to matter. My grandparents purchased a home 4 years ago for 325k that home is now worth 700k. Past generations have literally destroyed the economy now mine has to pay for it while they profit. Boomers always tell us we never work hard enough yet I see people my age pulling 60 hours shifts and barely surviving. What can we even do at this point but give up and stop caring.. I’ve seen plenty who already have because they rea...

Advice

How hard is it to sell a 250k home (2 bed, 1 bath) in Victoria, Australia? submitted by /u/Ok-Top-4449 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1kcup7y/advice/

Earnest money and shady realtor

Earnest money and rate hikes Our loan process started in March because of a house we loved (house was actually shit), but regardless, we got pre approved at 6.57% for that house. However it didn't pass inspection, "worst house ever seen"" according to the inspector. So we moved on to other houses using our lenders recommended realtor. She made us sign a contract with her. We're in FL (idk if that matters). Had the first house passed inspection everything would've been fine. But all the houses we viewed after she gave used car salesman vibes, pushing us to make offers even if the house obviously sucked. Trying to play up foundation issues as "normal" i.e. giant cracks in garage floors where the door doesn't close properly and flippers did the most hap Hazzard renovation she's say oh this is great and "move in ready" Long story short, we eventually DO find another house, throughvisiting open houses ourselves. The realtor has never ...

Timing of the listing and related questions

We’re planning to have our home staged and photographed on May 13th, with the listing scheduled to go live on May 15th. Our goal is to have it on the market ahead of Memorial Day weekend, but I had a couple of questions regarding timing and marketing strategy. First, I’m a bit concerned that this may not allow enough time to properly market the property before showings and open houses begin. Would it be worthwhile to complete the photos and videos, publish the listing across MLS/Zillow and other platforms, and then wait a week or 10 days before hosting open houses to help generate more interest? Second, how important is the timing in relation to Memorial Day weekend? Our agent mentioned possibly holding off on open houses until the first week of June. Also, from a market perspective, is that too late to publicly list the property for the spring/ summer season, or could it still be an effective window for serious buyer activity? I would appreciate your thoughts on what timing and ap...