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Showing posts from October, 2025

[PA] The market feels so cold and showings feel so sparse

Normally, you can guess that issue is primarily that the price is too high. Compared to comps, my listed home is priced roughly 10-15% lower than the rest. It's in good condition - old, but a lot is repaired and new. The strange thing is, I listed a little higher than I should and got little attention. My agent and I agreed to drop by 5% after a couple weeks, and it got a few showings. But honestly? It's been on the market for 45 days now. No offers. One person was close I suppose but went another way. Very little buyer interest. What's curious is how many comps near me in arguably worse condition asking for more money are selling before my place. My agent doesn't suggest dropping price again just yet and that she "isn't entirely confident in why the listing's online attention compared to comps isn't translating to showings". She's considering perhaps getting some reshots done of the outside of the house, but besides that, it might just be ...

Issues with selling agent

We are moving out of state for a new job and need to sell rather quickly. My husband will already be out of state, leaving most of prep and selling of the house for me to do. When it started to look likely that we could be selling and moving and I got a jump start and contacted a realtor and told him what are needs were. He recommended a pre listing inspection which was done and brought our a contractor to provide an estimate on needed repairs. Once the job offer came through and relocation package was presented we started to move forward. Per the relocation company we had to get broker market analysis from 2 agents. We recommend the one agent we been in contact with and they provide us with another. This is when i start to get a bit uneasy about our agent. The other agent recommend 310k listing price with 299k sell price. Our agent said 375k listing and 350 selling price. The exterme difference is a red flag. I did extensive research on comps with most ranging between 290-345k. I c...

Mom passed away, mortgage was under her name only. Can my dad continue paying for the loan and leave as is?

My mom and dad purchased a home together in 2006 and the title was joint tenant. They were co-buyers A few years ago, my mom refinanced the house and was the sole borrower and mortgage statements only show her name She passed away 2 months ago and my dad has continued making payments for the mortgage with their joint bank account as usual Does my dad need to report to the lender that my mom has passed away? Or just leave things as is and keep paying since he’s on the title anyway? He’s just afraid of having to refinance and get a higher interest rate or worse, getting denied as a sole borrower submitted by /u/Glass-Spread-379 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ojt3ye/mom_passed_away_mortgage_was_under_her_name_only/

Conservatorship sale West Hollywood

Hi, I’m a newbie buyer to the court overbid process and would like help getting a sense of how much a property would be overbid by in prime West Hollywood. I am assuming that the property, which is a four plex that is underpriced compared to current market (although not really, considering softening rents due to job market), would not go to court WITHOUT a bidding war. Seller purchased for $1.97M in 2019 and it’s asking $1.78M. But maybe I’ll be pleasantly surprised, as in, few bidders and not too aggressive at that?? Also, how likely is it that there will be no or few bidders if the court hearing is in Jan/Feb? I really don’t want to start the process if I’m going to face a bidding war with investors in such a competitive submarket, but have no clue if such a bidding war will even materialize. Thanks for any advice and guidance! submitted by /u/Ok_Talk4753 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oj4duf/conservatorship_sale_west_hollywood/

3 Weeks Into the Bucks County, PA Housing Hunt — and Feeling Exhausted (Need Advice!)

Hey everyone, My wife and I have been actively house-hunting in Bucks County (Yardley / Newtown / Doylestown area) for about three weeks, and I honestly didn’t expect it to feel this intense this fast. We’re preapproved, have solid financing, and have made a few competitive offers — but nothing has worked out so far. Every listing that looks decent gets multiple offers within days, some cash and well over asking. One house we liked listed at $840k and went for around $900k with no contingencies. It’s wild. What’s been even more frustrating is our experience with our current realtor. She’s friendly, but… not proactive. We often learn key details (like how many offers there are, or which ones are cash vs financing) after deadlines pass — sometimes through our lender, not her. It feels like she’s waiting on updates instead of chasing them. When we submit an offer, we wait and wait — no follow-up strategy, no real sense of urgency. We’ve reached the point where we’re wondering if this...

Should I pay my current mortgage if I'm closing on a new home this month?

We're set to sell our current home and buy our new one on the 7th. The current mortgage has a 15 day grace period. Tbh money has been tight, and we're not making anything off of the sale of our home that isnt paying off something else or going directly into the new house. I'd love to use what I would pay and put it into the uhaul and rent a dumpster to clean out the garage for the move. We have to buy those things anyway, but this would eliminate that financial stress. submitted by /u/KristenAwesomeO [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oj226p/should_i_pay_my_current_mortgage_if_im_closing_on/

JP Morgan summer analyst interview

Invited to super day interview for “JPMorganChase Commercial & Investment Bank Commercial Real Estate Program Summer Analyst Program” 3 25 min. Any advice on what I could be asked technical wise? submitted by /u/Neat_Parsley_8403 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oj0524/jp_morgan_summer_analyst_interview/

Is buying a house at 27 a good idea?

Some background, I am a 27 year old single woman with no pets/family that would live with me. I recently discovered that I had a large sum of money in savings. My first thought was "buy a house" of course. Desired location upstate NY, southern tier. Not a big house either, something small with a yard. Does it make sense to buy or should I wait? submitted by /u/JuniorPollution768 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oib752/is_buying_a_house_at_27_a_good_idea/

How many rooms can I list based on my septic?

When I bought my house it was listed as 3 bedrooms. I eventually put an egress window in one of the rooms in the basements and finished the room. Has a nice bathroom and shower off of it. When I found my septic permit it didn't specify how many bedrooms it was permitted for. I contacted the county septic guy and he basically said, since it didn't have a number of rooms listed it would be whatever was listed on the MLS. Can the MLS just be updated to reflect 4 rooms at this point? Or is that not possible? submitted by /u/TheGumping [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oi7oty/how_many_rooms_can_i_list_based_on_my_septic/

First time buyer trying to get land and new manufactured home

I have so many questions and I keep going in circles it seems. Here's my situation: I'm just a normal person making not much above the areas minimum wage which is one of the highest in the nation. I work full time but don't pull much above 40k a year. That being said, I've been pre-approved for only 180k for a home. My dad had offered 50k as a gift to go towards the purchase of my first home. Well...this area I would be lucky to get something for $350k, so it's just not feasible. That being said, I thought why can't I get a piece of property that has access to electricity and has water and sewage? Then get a brand new mobile home that's 1100swft 2bd 2bath for 145k after delivery and installation (at least that's the one I decided I really want and would be super happy with) I found a piece of property right in the area I want for 50k. I looked up what info I could find on the property and it was appraised at 180k, the owners passed away within the las...

Undisclosed total loss fire

I bought a home in NC about 4 months ago. I just discovered the entire original home that was here originally completely burnt down. About 2 years after that, the new current house was built. This was with the same owner that I bought the house from, as in they were the owners of the house that burnt down and the one I’m now living in so they of course know of this. There was no mention of this in the property disclosures, and I was never officially informed of this. This seems like way too big of a thing to not disclose and certainly can't be legal. All of the property disclosures were answered based on the current rebuilt home. I'm not sure what the value in me knowing would've been but I certainly would've liked to know this during the DD phase to ask more questions and make sure that everything was a complete rebuild and ensure that nothing was re used, but their failure to disclose that led to me not having that opportunity. Anyone else dealt with something lik...

Agents – would you use a platform that pays you commissions after the sale? Testing a PropTech idea: agents earn when buyers shop staged homes 🏠💸 Would this help you win more listings?

Hey everyone, I’ve been working on a PropTech concept called PropConnect and would love your thoughts. The idea: staged property photos become shoppable, so buyers can click on furniture or decor they like and buy it - and the agent earns a commission from those purchases - a passive source of revenue post house purchase. It also links buyers to services like removalists, cleaners, and pest inspections after the sale. See mockup in link below. I’m curious - do you think something like this would actually help agents stand out or create extra revenue? Would love to hear your honest take. Simple upvote if you like it. https://shop-your-home.lovable.app/ submitted by /u/RogueRouge [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ohbo4o/agents_would_you_use_a_platform_that_pays_you/

Buyer broker agreement amendment

My cousin and his wife are having trouble finding a RE agent for their next move because several agents have claimed that their buyer broker agreements (including a 3% compensation) cannot be revised. I told him to request a clause or amendment which would basically say something to the degree of “broker agrees that compensation shall be limited to compensation provided by seller / seller’s agent as past of the property’s listing terms. Buyer shall not be responsible for additional compensation beyond what is offered by seller / seller’s agent.” A few RE agents are not aligned with this change, so my cousin has walked away from signing with them. I have a few questions: 1. Is this type of clause / amendment not common even though it protects buyers from having to pay commission over and above what the seller / seller’s agent has agreed on? 2. Should they just keep looking to an agent that feels comfortable with this, or just try to negotiate a lower rate %? submitted by /u/Wor...

Not our first rodeo, but confused and loosing confidence….

We’re selling our second home here in a quiet Upstate NY town and it’s not going anywhere. We priced it right (as per similar comps in the neighborhood) and have already reduced asking price by $10,000. We’ve been listed for over a month now with only one offer (that was almost $50k lower than reduced price), and maybe three viewings. Our agent seems to be proactive enough, but we are getting concerned with the winter months coming. I’m looking through the market reports weekly, and a home in this price range seems to be extremely desirable. I’ve bought and sold a few houses in my life , with the last one during the worst sellers market in thirty years, and it sold very quickly with a lot more foot traffic. Just not sure how to get more interest in the listing. submitted by /u/Odd-View-1083 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ogjusb/not_our_first_rodeo_but_confused_and_loosing/

Sell or rent?

Hello, We bought a condo in 2018 for 650k. We’re trying to decide whether to sell it or rent it out and would appreciate your help. Here are the key details: • Remaining mortgage: $445,000 at a 4% interest rate • Estimated sale price: $1.02 million • Potential rental income: $4,000/month • HOA fees: $450/month • Property taxes: approximately $7,800/year • If we rent, we’d likely hire a property manager I’ve run the numbers using a few online calculators, and selling seems to be the slightly better option—but not by much. I just want to make sure I’m not overlooking anything important. Thank you! submitted by /u/FBZ_ART [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ogcjis/sell_or_rent/

50 years olds

Hey all. My wife and family built a home in a plan pre covid. We despise it here. We are listing at 679 ( south of Pittsburgh, in ground salt pool, etc) new home 3000+ sq feet. We offered 500000 on a home during an open house yesterday and on a whim went with the realtors friend who is starting a new business. I need to borrow the 200 have excellent credit between both of us and got quoted 1900 per month on a 200 thousand dollar loan. Percent is high. Does this sound incredibly “off” or what? submitted by /u/7-x-7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oghr7c/50_years_olds/

Silly question regarding realtor from a seller

I’m looking for a realtor to sell my condo, and I’ve noticed that most people in my building are Asian. Also the condo is located in the area with large asian population. The realtor I really really like happens to be not asian: they seem very thorough and professional, which I appreciate. I can’t help but wonder, though, does it matter whether the realtor is Asian or not when selling a condo in a community that’s mostly Asian? Would it make the selling process easier if the realtor were Asian, given the building’s demographics? I know it might be a trivial question, but I’m genuinely curious! submitted by /u/sheepsheepim [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ogdqxk/silly_question_regarding_realtor_from_a_seller/

Looking for some disinterested experts to provide some insight on my ALTA Settlement Statement that I received. Any takers?

Looking for someone with more experience to give a disinterested look to ensure that the itemized costs and credits seem on par before closing. Thank you in advance! submitted by /u/-Jockomo- [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ofptwi/looking_for_some_disinterested_experts_to_provide/

Empty house, what temperature?

I was fortunate enough to be in a position to buy a new house to allow me to get myself and four dogs out of the current place before listing. This means that it will be unoccupied when it goes on the market. Since living here, I’ve primarily used two gas fireplaces (not on thermostats) to heat the house, because electric heat pumps cost $$$ to run. Given that we’re going into colder temps now, how low of a temperature can I get away with setting the thermostat at and have it not be a turnoff to buyers because the house is “cold?” I’m in Tennessee for the record, not the frozen tundra. 😉 submitted by /u/Agility_KS [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ofnrxo/empty_house_what_temperature/

What to do with living room curtains?

Living room has a south-facing bay window that gets plenty of light with or without curtains. It currently has heavy burgundy velvet curtains over light white sheer curtains. The front door nearby has a similar burgundy color. The living room is mostly empty with white walls and vaulted ceilings. Here is what they look like now: https://imgur.com/a/6FrzWO7 What is the best option for photographing and showing the home? Should the outer burgundy velvet curtains be removed leaving the inner white sheer curtains? Or should the windows go fully naked? submitted by /u/choochoochurn [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ofmx3h/what_to_do_with_living_room_curtains/

Sex Offender Registry in Texas is not being updated as required by Texas Chapter 62 of the Code of Criminal Procedure leaving victims and unwitting sellers and agents and buyers at risk.

If you are relying on that data being updated here is a link: https://sor.dps.texas.gov/PublicSite//Search Check it. As Texas Realtors know, there is a section in the Sellers Dosclosure that references this fact. Knowing and not doing anything could be an ethics violation even if you think it’s “no big deal” submitted by /u/Bright_Newt3697 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oex4ux/sex_offender_registry_in_texas_is_not_being/

Vaping at a showing

My home is currently on the market and I've had a few back to back requests for showings. I have cameras in and around the house and a sign up letting people know that. They are also pretty obvious. At one showing I saw a man vaping in my home in front of his real estate agent. The agent said nothing about it and it continued the entire showing. The next showing arrived a few minutes after this one and the potential buyer mentioned smelling something off. I have to think it was the vape scent. I also found out that the vaping potential buyer was not even qualified for a loan to afford my home. So I'm pretty pissed about this whole thing. My husband does not share my anger though. I would like our agent to pre qualify buyers and put a clause in showings that no vaping or smoking is allowed anywhere. My husband feels like this is a one off thing and that we will offend our realtor by asking this. Is there a professional way to ask this? Is this a common occurrence? submit...

Should I keep pursuing this?

My husband and I moved from Midwest to AZ this summer. We decided to buy a house and found a realtor that was a referral from a local agent friend. This guy was slow and a little off from the start but we had already signed. We found a house and after an accepted offer, started the inspection process. Buy the house, no problems we know of. Fast forward a few months later and we hate AZ. We decided to move back to our old town and my husband got his old job back. We list the house and it goes under contract quickly. Great! The inspection comes back saying we need to replace the entire roof. Which is crazy because we bought this house a few months ago no issue. We start asking questions and find out the same roof inspector was out before we closed and did a roof inspection and it came back saying the roof needed replacement. Our buyers agent never passed it along to us and never responded to any emails to roof inspection company. They reached out to him 5 times. We are now responsible f...

Sell or pull until spring?

Appraised for $528k zillow / reddit say $550k (fwiw) its currently priced under comps Been on the market for months dropped the price multiple times (side note as the price drops we have been getting fewer showings..odd) Yep I’m sure it’s overpriced for what buyers are wanting/waiting for. (Meaning If it was $1 someone would buy) bought the house when the mortgage rates were at 3% We have yet to get any negative feedback from showings concerning price, condition, or location, yet no offers. Reasons are almost always “wish it had …xyz”. We are empty nesters and are getting closer to retirement and that fixed income. The house will be paid off just before retirement, however we are concerned about rising insurance and property taxes, and felt it would be smarter to downsize and use the equity to outright buy a smaller home (avoid the high interest rates as well). So we don’t have to move, but felt it might be a strategic move looking fwd. That said we are looking at the slow ...

What is your strategy on listing descriptions for high-end mansions?

I keep on seeing “short and sweet” under similar threads about general listing descriptions. That makes sense for regular houses, but I feel like the house I will be writing about is too crazy to keep simple and short. It is a large property and a very large (>10,000-sq-ft) house that is exceptionally detailed (be it the tremendous masonry on the exterior, or the extensive interior woodwork), and has a vast amount of amenities in the house/property/nearby area. I feel like with these kinds of houses, buyers aren’t just sifting through many listing descriptions like they are with cheaper houses, as they are much fewer and buyers will be immediately interested or not based on the cover photos, so they will be more willing to read a thorough description about it. There is also just so much more to know about a house going for many millions of dollars compared to something under a million. What do you guys think? submitted by /u/CaliCart455 [link] [comments] source https:...

Snowmobile trails

Has anyone owned property with a snowmobile trail on it? Is it annoying or what? The house I am considering has a snowmobile trail through the woods, not super close to the house. I am sensitive to noise and wanted a house in the woods for peace and quiet so I don’t know about this. I don’t know yet the legalities of the setup, there may be an easement or it may just be a deal the homeowner set up with a snowmobile club. They say there is insurance in place which I am also waiting to see. submitted by /u/LegWorried4639 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ocvp20/snowmobile_trails/

23 years old selling house. Am I getting screwed. I think I am by both agent and potential buyer.

Here’s the offer broke down Contract Sales Price: $273,000 Mortgage Payoff: $102,000 estimate Prior Year RE Taxes: $0.00 (estimate) Prorated Taxes: $1821 (estimate) Title Insurance: $750 (estimate) ½ Revenue (deed) Stamps: $650 (estimate) Concessions to Buyer: $8500 Termite Policy: $200 (estimate) Home Warranty: $750.00 Survey: $TBD Closing Fees: $650 (estimate) Miscellaneous/Repairs: $TBD Listing Firm Fee (3.6%): 9,828 Selling Firm Fee (2.4%): 6,552 To Seller: 141,299 I feel like this is complete crap. 4 days on Zillow 846 views. 101 saves with 4-5 showings 1 person sent 2 offers. This is better than his/her first offer however. submitted by /u/Easy_Mine7067 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ocygxv/23_years_old_selling_house_am_i_getting_screwed_i/

Is there a market for a "Deep Due Diligence" service for property buyers?

I'm considering launching a specialized consultancy that offers a "Deep Due Diligence" report. This would not be a lawyer's service (we wouldn't draft the sale deed). It would be a pure investigation service that goes beyond the standard online checks. The service would promise to find the "offline" data, such as: A comprehensive 30-year+ search for all past owners and mutations. Verification of the land's actual classification (residential, agricultural, etc.) in the original revenue records. An "on-the-ground" check for any un-recorded boundary disputes or encroachment issues. A thorough search for any pending litigation or local disputes tied to that specific plot number. The deliverable would be a simple, fat-checked "Clean Chit" or "Red Flag" report, giving the buyer a clear "Go / No-Go" decision. When you (or your family) bought property, did you just trust your lawyer/agent, or did you fee...

Wife is against building our retirement home

My wife and I are in our mid 60s, retired, and financially stable. Our current home is located in a very congested area near a new huge auto plant expansion. It is also a two story home with all bedrooms on the second floor. We have been looking to buy a home in a rural area but still near the major city we live in. The problem is we’re not finding anything that fits our wants. I’ve suggested buying land and having a home built. But, she is totally against it based on information she got from her ex brother in law who had a bad experience 30 years ago. She is now focused on that there are to many negatives associated with building a home. I believe she is caught in a paradigm. She also suffers from not believing something I say but passing it off as fact when she hears it from someone else. lol. How do I open her up to this option or do I abandon it myself? submitted by /u/HoraceMcHoraceFace [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1od3bvn/w...

Purchasing a house privately, confusion on who writes up the contract. Need some insight

Hello, so I'm purchasing a house privately on Long Island and there seems to be some confusion about which side writes up the contract. We've both agreed to a price and I will be covering all the closing costs, but he thinks that I need to have my lawyer write up the contract offer to submit to him so he can have his lawyer review it and take it from there. I've been told by two lawyers that normally the way of doing it in NY for a private home sale is that the seller's attorney is the one that writes up the contract and he would have to contact an attorney. He and his whole family live out west in Nevada/Arizona so it would not surprise me if transactions are done differently out there and there's just some confusion. I'm basically just trying to make it as easy as possible for him since he is giving me a great deal on the house and because he's out of state. I've done some research on google and have read it can be done both ways and it's not unc...

Inspection completed. Are these major red flags?

Prev post was removed and I wasn’t informed why, so hopefully this new formatting is okay! It’s a manufactured mobile home built between 1975-1980, asking 65k in Southern CA. The inspection report revealed some critical areas, including roof replacement, bottom insulation, and leveling all needed very soon. Other issues indicate a crack in ceiling, and the water heater leaking very slightly, and no pest or rodent issues were found. However, the home is fully remodeled inside with all furniture and appliances included. Are these critical findings a major red flag? Thank you for your thoughts! submitted by /u/plumcactus [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ocbgda/inspection_completed_are_these_major_red_flags/

Sell condo at loss or risk renting?

Hello, I bought a condo in Atlanta several years ago and recently have begun the process of relocating back home. I have picked the worst time in the world to do this apparently :’) The place has been on the market for 2 months with only one showing. My current options in this market are either drop the price to where I would have to bring $7k to closing, rent it out at about a $200-300 loss, or just try and wait it out another year. My partner has already relocated ahead of me, so waiting long enough for the market to bounce back isn’t very feasible, but my job is remote so technically possible. I don’t want to drain my savings just to get this place off my hands and prevent myself from being able to buy again in a couple years, but I’m also terrified about the risks of renting past just the initial monthly loss (tenants not paying, maintenance costs, potential future vacancy). Any thoughts on best way to approach this without making a decision I’ll kick myself for down the line? ...

Beginner Investing

I sold real estate for eight years as a real estate agent, and I got into it because I wanted to ultimately get into investing. But life happened, I found myself divorced and a single parent, and I had to set everything aside and get a different job that offered a stable income. Now I’m realizing that my income is too dependent on how many hours I put in, and I’m pretty maxed out, and I’m really wanting to invest still. Plus, I’m used to being my own boss, it’s crazy to me to make so little per hour. I would like to own and manage a mixture of monthly rentals and vacation rental properties. I know a little about that. But need advice specifically about how to leverage my property to purchase more property… I’m moving out of my house no matter what. It’s probably worth about $200K, (pretty average for my area) and I have most of the equity of that, because I took out a HELOC to fix it up so that I can sell it, but had no mortgage on it. If I sold it, I would have about $150K. Is it bet...

Dec builder deals

Right now I am on a month to month lease on my current rental and thinking to buy a home soon. Can I expect good deals end of the year like dec last week ?? submitted by /u/SplitJunior985 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1obhf64/dec_builder_deals/

HELP!! I think our lending agent/lender ballooned our loan

I believe we got taken advantage for. I noticed the numbers don't add up correctly. Here is our numbers and here is what my closing paperwork says.. they also did not give us 3 days for the closing paperwork we only had a day and its on the paperwork. We asked to speak to the closing attorney and they said they can't talk to us as the lender is the client not us. Our purchase price for our home was 120k we had to add in $10,300 for our septic tank. I confirmed with the lender that the mobile home company received a check for $130,300. Our closing cost was 13,866.13 which was also tied into our loan. By our numbers our our loan should have been $143,866.13 Now in closing paperwork it said we had 20k for land credit/deposit and like 8,876.13 in credit. How they have it. Sale price is $173,666.13 (don't know how??) -20k deposit $153,666.13 -$8,876.13 =$144,790 HOW???? I can't get anyone to talk to us. Not the lender the mortgage company the closing attorney. NOBO...

Do home inspectors ever flag missing secondary escapes in older houses?

We’re touring a few older two-story homes, and I realized none have clear secondary escape routes upstairs. Do inspectors actually note that, or is it on buyers to think about? I’m surprised it’s not part of the checklist considering how common attic bedrooms are. submitted by /u/blank_waterboard [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oapw1s/do_home_inspectors_ever_flag_missing_secondary/

HELOC plan

Hey guys! I’m looking for a reality check on a long-term plan my girlfriend and I have been working on. We live in Massachusetts, where the average single-family home is around $650K to $700K depending on the town. We’re planning to buy our first home in that range with about $65K down (10%) and live in it. Our goal is to immediately finish the basement as a legal ADU (accessory dwelling unit) with a bathroom and kitchen, basically turning the house into a 2-unit setup. The idea is that the ADU addition plus a kitchen/bath remodel would realistically add around 15% in appraised value, on top of the 2% annual appreciation we’re currently seeing in the area. Once the property hits roughly 20% total value gain, we’d pull equity out through a HELOC and use that as the 10% down payment for the next home, repeating the process every 3 years or so if the numbers work out. The goal isn’t to flip houses but to go heavy into rentals, slowly increasing our portfolio each time using ADU rental...

Is technology really making real estate more transparent?

A lot of agencies now use online dashboards and fixed-fee pricing — Imop.fr is one example in France. It sounds like a move toward more transparency, but do you think the industry can truly be “tech-first,” or does trust still rely mostly on personal relationships? submitted by /u/Ok-Interaction-3166 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oak8lc/is_technology_really_making_real_estate_more/

Online vs. traditional agencies what’s working best for you lately?

I’ve noticed more people turning to digital agencies such as Imop.fr, especially in big cities like Paris. I’m curious if anyone has compared results was the experience faster, cheaper, or about the same as working with a local office? submitted by /u/Equivalent_Cover4542 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1oajcun/online_vs_traditional_agencies_whats_working_best/

Are cash offer sites legit for mobile home sales in Florida (and without ripping you off on price)

I have a 2 bed 2 bath double wide 960 square feet that is in move in ready condition in an all age park in Florida that comes with some appliances, air conditioning units, and has some upgrades. The closets are both walk ins. My husband, who has been a maintenance technician for 4 years and knows how to properly redo homes, put a lot of work into it in order to put it on the market, but he took way too long to do it and the market has cooled a bit. We priced it originally at 45k OBO because FEMA trailers in the same park and single wides with less square footage on the worse side of the park were selling between 28-39k... Long story short, we only get people wanting to do RTO/Subletting, which per the office is not allowed. I've tried knocking down the price, putting in marketplace groups, etc. but even knocking it down to 40k (because my husband doesn't want to do 38 because he thinks we lose haggling power) hasn't done anything and because he took so long to do repairs ...

How much is a realistic cash price for my house?

Hello! So here´s my situation: I bought a house about 1 year ago, last July 2024. Initially, it was my dream home BUT, after spending a year in it, I realized that as a single guy living all alone in a big house, it is A LOT of upkeep and work. Fast forward to now, and by one of those shockingly unexpected moments, I was able to get a European passport due to ancestry and i REALLY love Europe. Anyway I wont bore you with details about my personal preferences, but here's the situation: the house is worth about 285k on the market. I am selling it for that price but its been over a month and sadly, not a single offer. I REALLY want to get rid of the mortgage at this point...and desperate to sell, so id even be willing to sell it for my loan amount which is 240k. It's an American foursquare home, 4 bedrooms, 2000 sq feet, LIVABLE, except it does have knob and tube wiring and the original windows, which means some dont open. realistically, could I get at least 230-240k for my home...

Sq footage addition

Hi All! A house I viewed on Zillow last month was listed as having 2,004 sq. ft. of living space, while other homes on the same street are around 1,667 sq. ft. (based on visible lot lines). From the aerial view, the exterior doesn’t appear any larger. The only difference is that this house seems to have an extra room—possibly created by converting part of a larger room near the master bedroom, repurposing hallway space, or some combination of interior changes. Would that count as additional living space, or is it just a way to justify a higher price? I’ve always thought that increasing square footage meant expanding beyond the original footprint of the house by extending boundaries. Please let me know you thoughts? https://www.zillow.com/homedetails/5229-Del-Vista-Way-Rocklin-CA-95765/17716307_zpid/ submitted by /u/Full_Variation2807 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o9pfj5/sq_footage_addition/

Neighbors Using the Driveway of a Home We’re Under Contract With

Husband and I are in the final stretch of purchasing our home. We’re negotiating inspection requests. On two separate occasions we’ve noticed vehicles in the driveway. The first time we thought it was the sellers, so when we asked the agent why there was a vehicle at a house that was supposed to be empty post inspection she said no one was at the house. This morning my husband on the way home, noticed two cars in the driveway. Realized the neighbors are using it as their personal driveway… Is this an issue we bring up to our attorney? I don’t know the ins and outs of this and don’t want to make a huge deal if we don’t need to but at the same time it’s quite frustrating…. submitted by /u/Independent-Safe-135 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o8xi79/neighbors_using_the_driveway_of_a_home_were_under/

Should I buy a lakefront condo or a townhouse in the suburbs.

Both options are roughly the same price. The townhouse would have double the room, so it would be a 2 bedroom. 2 bath versus the lake front, which is a one bedroom, 1 bath, 700 square feet condo. The condo does not have in suite laundry or garage parking, but it does have amenities like a fitness center pool sauna and game room. The condo is closer to work (10 min) in the townhouse would be twenty to thirty minutes from work. Condo has a gorgeous lake view and is in an area I like better overall. Townhouse offers extra room which is space for a roommate or potential partner. Roommate would offer cash flow obviously if I go back for further education. Again, literally about the same price. HOA fee is 620. submitted by /u/Newwwnurse [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o84d0r/should_i_buy_a_lakefront_condo_or_a_townhouse_in/

Property

We had some relatives who withdrew their names from title. Is there any way to dispute it that we were the original sole owners so that we don’t get reassessed? submitted by /u/Greedy-Ad-8584 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o7ytqr/property/

Real estate data extraction?

I’m trying to aggregate listings from like 10 different sites, and every time one of them updates their layout, my scraper breaks. I don’t want to rebuild selectors from scratch every month. Anyone figured out a way to make this more sustainable? submitted by /u/Melbot_Studios [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o76nsh/real_estate_data_extraction/

Suggestions

Has anyone tried using smart lockers for short term storage? What was your experience like regarding security and accessibility? submitted by /u/awakenedbitch [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o75f5x/suggestions/

Renovations and asbestos

Hi everyone. I put an offer in on a 1971 condominium unit that was accepted. We're about a week into escrow and we've had time to create a list of renovations we'd like done to the condo, including removing popcorn ceiling, replacing kitchen cabinets and countertops, and installing new flooring. Although the inside of the unit appears to have been updated since the 70s, I am now very quickly learning about asbestos and the cost of removing it if it is in fact present. Which based on my research, it's very highly likely given the age of the property. My question now becomes what's my next step? I realize that asbestos testing is "invasive" and the seller will most likely decline a request for it. We got a home inspection done, and although nothing alarming came up in the report, we have not yet waived the inspection contingency - which is coming due very soon. I feel exhausted and completely demoralized researching this stuff. Very disappointed that thi...

Unable to back out of contract after Due Diligence to do addendum. Seeking advice

I am in a situation where I live in Virginia but went under contract with a SC house using VA home loan buying in SC. The Residental Purchase agreement states(is checked) for contingent upon appraisal. Now on the VA HUD Amendment, they put down $0.00 as the value of the house. Then seller countered with me signing an addendum, saying I would pay purchase price by paying the difference between appraised value and purchase price. I signed alot of documents and didnt know what a VA clause was at the time. After the documents were signed, I was told that I could back out if it didnt appraise and/ loan officer could lower loan amount of 385k. Well, here we are. Im being told by the broker in charge, which is also dual agency, that I can not back out of the contract. That I can not back out with a Denial Letter from the Lender stating house was appraised for less than purchase price and I waived that in the addendum. Was informed 2 weeks in that this is agents first time representing a ...

Do appraisers note permanent safety features?

We're about to list our home and we installed a permanent fire escape ladder from the primary bedroom a few years ago. It's a solid, bolted-on system. Is this the kind of feature that might be noted in an appraisal, or is it just a nice-to-have for the right buyer? submitted by /u/Away_You9725 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o6axxw/do_appraisers_note_permanent_safety_features/

Would we be eligible for a loan based on possible collateral? (Bad credit)

Hey guys. Please pardon the possibly really stupid question. Have found mixed info reading online. Situation is this. We own our primary home. It’s worth maybe $425k and we owe about $300k. We inherited my mother’s home a couple of years ago. It’s fully paid off in the same neighborhood. Worth maybe $500k. We have turned it into an AirBnB that is doing very well. I am self employed and make good money. Could show ~$250k take home on my taxes next year, plus the AirBnB revenue. We’d like to move to a larger home soon and turn our home into a second rental. The issue? I was the executor/trustee of my mother’s estate and it absolutely wrecked our credit. Some poor decisions by family members left me personally floating approximately $170k in estate expenses for nearly two years. We had a 800 credit score when she passed. It’s now under 600 due to a bunch of late pays and small charge offs from the mess. Stuff is now all current, but it’s going to take forever for the credit report no...

Curious

Hi Realtors 👋 I’m curious :) when clients reach out asking for something very specific like: “I’m looking for a place in [XYZ area] with at least 400 sqm, available next month” How do you usually handle that? For those of you managing 100+ listings, do you find it time-consuming to search through all your data every time a client sends a request like that? Would love to hear how you currently manage these kinds of detailed client queries. submitted by /u/temptingchoc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o5da0e/curious/

I signed a contract before viewing homes - what if i don't find a home by the end of a contract?

(I am completely new to the home buying process, not sure if this is the right sub, but wanted to give it a try). My family and I are looking for homes, but we only wanted to view homes within our city. We are not desperate to move, but we wanted to know if there was something better out there since we desire a bigger space. We realized we could get the help of a realtor, we signed a Buyer / Realtor agreement with their broker. After viewing 15 homes (which is not a lot i heard), I am feeling nervous because right now, didn't realize the market would be slow this time. Luckily after viewing a bunch of homes, we realized that there's a few zipcodes and specific features that are must-haves. But what if there are no more homes that fit our criteria in the city for a few weeks? Is there a way to keep on waiting until we find a home, while still on contract? I am just afraid of causing a rift with my realtor because they've been so helpful, but it seems like we just won't...

I don't understand people who bash condos.

I don't understand people who bash condos. Genuinely wondering what I am missing or simply not understanding. Maybe it's regional? Less appreciation? Yea, that means you buy it cheaper. That's a win. That's like saying, "Condos stink because they are so affordable because they haven't gone crazy". Meanwhile, are you that confident that paying $2mm for a house in Seattle or CA will mean you can sell it for $4mm one day? Things that go crazy in price can also correct in price too. Why does everyone ignore that symmetry? HOA? Great, I don't want loud neighbors with 7 cars parked in the yard. I like rules and regulations. I prefer quiet clean neighbors. Cost increases? Try living in a house with tax increases and a string of endless $20k repairs (roof, HVAC, driveway, siding, windows, foundation, electrical, etc) In a condo, a new roof or driveway cost is shared by 200 people. Super efficient and affordable. I bought an affordable condo 20 years ago. ...

Are these condos too close to the highway? Worried about health issues rather than noise.

You can see the highway beyond the balcony. https://preview.redd.it/jvs5yb84touf1.jpg?width=360&format=pjpg&auto=webp&s=a2ad97feffe4f8c8f19c695b8816feab59ba6755 submitted by /u/Main_Complaint8230 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4ptjo/are_these_condos_too_close_to_the_highway_worried/

Time-sensitive: need a structural engineer for foundation clearance before Oct 31 closing – Pasadena TX area

Hi all, I’m looking for a licensed structural engineer who services the Pasadena, TX area to provide an independent foundation inspection and a short clearance letter for my lender. The home is a 1956 single-story on a slab foundation. It’s a family sale (we’re buying from my boyfriend’s mother who is downsizing), and the lender just needs written confirmation that the foundation is structurally sound. This isn’t for a repair quote — I need a neutral engineer, not a foundation company. Closing is set for October 31, so timing is critical. If you know someone reputable who handles these in Pasadena or greater Houston, please share their info or what the process/cost was like for you. Thanks in advance for any leads! submitted by /u/BinxieBear [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4ld0w/timesensitive_need_a_structural_engineer_for/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/

Need all the positives for purchasing a condo as a first time home buyer.

The youngest of my adult children is looking at Condos in metropolitan area in the Southeast U.S. Due to the unbelievable cost of home ownership compared to earnings currently, that’s all this adult child can reasonably purchase. He has saved $50K for the down payment. I know the drawbacks such as less appreciation than townhouse and SFH, and HOA fees and possible increases. I want to support his decision and support the decision wholeheartedly. For him, I believe it’s a sense of accomplishment. TIA. submitted by /u/Carpetdime2024 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o3szzs/need_all_the_positives_for_purchasing_a_condo_as/

Assessment error at purchase in 2022. What to expect today?

We purchased our home in California in February of 2022. We’ve been paying our taxes and insurance out of the escrow account set up by the lender. I just got a copy of our property tax statement from the county assessor today and it has the former owners name on under “owner.” And, more worrying the taxes I’ve been paying have been have been at the old owners rate. I pulled my property information from the assessors web site. It shows all the correct information about our purchase in 2022, including correct dollar amount. But, under “owner,” the old owners name is still listed. Seemingly, the name was recorded incorrectly at time of purchase. I’ve reached out to the title company that managed the sale about the error. Looking back, I’ve been paying taxes on my home as if it was worth $400k less for the past (almost) 4 years. What can I expect to happen now? Will they demand the $16k(?) in taxes from the past 4 years? Will they just correct it moving forward? Will they reassess my ho...

Mitigated asbestos

Hello, Hoping for some advice-this is actually related to seller disclosures in combination with home inspection. I live in AR if that makes any difference. We have a house we are selling that was built in the 70s. When we bought it, we tested for asbestos because there were ceiling repairs needed that we wanted the sellers to handle, but were concerned about the material. We had them encapsulate it with floating drywall over the old ceiling based on the advice of an environmental consultant we hired. It is considered mitigated. This was in 2017. Now, we are selling the house. We decided to include the info about having asbestos but being mitigated in our sellers disclosure, but twice now we have gotten offers and they have terminated during their 10 day window as a result of feeling nervous about asbestos. It feels like we are being penalized by buyers for having the knowledge and fixing the problem, as any house that age has the potential. Any advice to not get burned a third time...

New mortgage while furloughed from federal government?

My house just went under contract. Exciting! I have another house picked out, but have not made an offer yet. I work for the federal government and am now concerned I won’t be able to obtain a mortgage until the government shutdown is over. I “should” receive back pay, since it it signed into law, but I hear the threats. Anyone have advice? My current home is selling for $742k. I owe around $300k. New home asking price is $725k, but it is overpriced and sitting. Both homes are in MD. My mortgage broker said I may be able to draw from my 401k ($500k+) to show income, until the shutdown is over, but I’m only 50 years old and single. Can I even do this? I have around $35k in cash, so I can afford to live for a bit. I will have to find temporary housing until I close on a new home. I’m fortunate to have my parents nearby or could pay upfront to rent. On a positive note, I have time to pack! 🤦🏽‍♀️ I realize I am very fortunate to be in this situation, I’m just trying to navigate where...

Property boundary advice

Settling Monday. Inspected today and asked about an area approximately 7 x 1.5 m at the front of the lot. It’s like a chunk of the left side of the front lawn, runs to the pavement. The neighbours appear to be in control of this area but I think it’s mine. Of course I will chat to them in a friendly way but is there anything I should do before booking a surveyor? The 2021 picture of the lot plan from the contract show parallel boundaries. No cutout. Thanks very much. submitted by /u/Venice320 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o2w61v/property_boundary_advice/

Self-Represented Qualified Buyer: Listing Agent Lowering Price on Target Home While Refusing to Show

Hey all, I live in Georgia and I'm looking to buy a home. My background is in Finance and Accounting so I feel comfortable shopping Self-Represented and have been researching the process and industry intensively. I'm Pre-Qualified and have the assets to purchase the home cash even if I wasn't, and I have been letting listing agents know. Most of the listing agents I've worked with have been willing to show me whatever home I want. Theres one agent who has ignored my calls and texts about a property, but the list price of the home was just cut again. As a fiduciary to the seller, the listing agent is currently acting in bad faith, correct? I understand very few people are buying homes and refusing to show a qualified buyer a home before cutting the price seems like a very cut-and-dry failure to uphold his fiduciary duty. I currently intend to give him until the end of the day to reach out to me for a tour before messaging him to remind him of this duty, and will reque...

Thukkuguda @ Premium Plots and Villas

https://www.instagram.com/reel/DPlZ0vTEqy2/?igsh=bGR0d203emoxdGZs REAL ESTATE EXPERT | Dreams into Reality Buy | Sell | Invest | NRI’S | HNI’S. +91-9666033388 submitted by /u/MrMario5556 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o22ia8/thukkuguda_premium_plots_and_villas/