Hi, all! I am interested a two-family house that has a renovated basement being used (illegally) as a third unit. The basement has undergone extensive renovations, including the addition of a small kitchen and bathroom as well as tiled floors. The two upstairs units have also gotten cosmetic renovations (eg, floors, bathroom, kitchens). Because the basement is not legally “livable space,” it has been excluded from the sq ft calculation, which is 1,672 sq ft. The house sold in 2022 for $277k and is now being listed for $599k. I think that is overpriced given the fact that the legal livable space is 1,672 for a two-family, but the seller seems to be pricing in the basement renovations to the list price. A key detail is that the house was built in 1897 and the only plumbing updates have been for the bathroom renovations in units 1 & 2 & basement. I’m also not sure of the ages of the electrical or heating units. The water heaters will need to be updated soon (one for each unit)...

My realtor suggested we replace the carpet in our house before listing as it is well loved and quite damaged in some areas from our cats. They ideally want us to recarpet the whole house but said downstairs is the priority as it’s the first impression. Most of the damage is upstairs/on the stairs. I’m hesitant to do this because moving the furniture seems like a huge task that I am frankly not up for AND I’m concerned our cats will just damage the new carpet. I suggested offering a credit for the flooring but they think replacing the carpet would be more appealing than the credit. I’m somewhat open to doing the downstairs but really don’t think I can handle a project like the upstairs as we would have to move everything downstairs and then back up. So it seems silly to replace the downstairs when buyers may want a credit anyway after seeing the damage upstairs. submitted by /u/Wrong-Wall-6732 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sropt1/re...

The Keller Williams model is heavily built on “teams” and internal profit-sharing, which can lead to a culture where agents prioritize internal transactions (keeping the deal “in-house”) over finding the best external fit for a buyer. submitted by /u/peppy-mint [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1srkvup/a_fair_critique/

I have a large deal with appraisals that I paid $2,150 for. The old lender misrepresented closing costs one day before closing, so I told him I’m shopping the loan. Found a new lender immediately who was willing to close using the same appraisals. The old lender is acting like a baby and refusing to release the appraisals that I paid for. I reached out to the appraisal company, and they’re also refusing to release them without the old lender’s permission. What can I do here? submitted by /u/NukeyHov [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sqsv40/need_help_commercial_lender_refusing_to_release/

I know this probably is looked down upon, but me and my kid have been living in hotel for nearly a month already. I just retired from the military, and they messed up orders causing a 3 week delay. The USAF had stopped retirement orders starting 1 April, I had requested retirement before that but someone couldn't read the orders. I'm trying to find the best way to move in just 2 weeks before the close out date, and not be a risk to the sellers and be fair to both parties. We wouldn't move any furniture except 2 inflatable mattresses for us to sleep on. My daughter needs to get back into school but it requires a residential address to attend, and a hotel won't work. submitted by /u/Caldersson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sqsepg/requesting_to_move_in_early/

…and I’m quite torn on how to use it. On the one hand, I could dump it all into points and buy down to 5.49%. That lands me right on a comfy payment number. But the break even period is about 5.5 years, and my credit union does dirt cheap ass refinances. If I used it towards closing costs I could finish the new place’s basement sooner. I’m super open to opinions here. submitted by /u/c0LdFir3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1spuw8a/writing_an_offer_with_about_17k_of_concession/

Im talking “values“ up 50-100% since Covid in my neighborhood. I’ve toured a few where everything is still original from when the houses were built in 1992 (like original jetted tubs and builder grade bathrooms, 8-10 year old kitchens and roofs). All are asking over $800K when they sold in 2015 for $3-400K. I just sold a house where we had remodeled every major room (kitchen, baths, floors, roof, HVAC) and felt justified in our markup. But it’s crazy now to see sellers asking for that markup for just a few basic maintenance items. Yet most of these sellers are willing to just sit and wait it out until they find a desperate buyer. Several have sat on/off market for close to a year. I’m frustrated (and jealous). I’d like to upgrade my home but I can’t justify these values. submitted by /u/Technical_Quiet_5687 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sptgh5/everything_is_overpriced/

I'm in CA. First, I made such a stupid mistake. Trust but didn't verified. When putting the offer, I asked via text that don't put "as is". my realtor ignored it and there was no inspection contingency in the contract and now I am in the hook for it, in the seller's disclosure, they disclosed there was a leaked in the last heavy rainfall (2 months ago), and in home inspection, the report indicated the roof need to be fixed (mortars failed, tiles were loose.) I lost legal power to ask seller to fix issues. Luckily I still have loan contingency and appraisal contingency. Appraisal came back above market value which is good. but did not mentioned termite or roof leaks. I am using VA loan so the VA required termite/dry rot treatment, but the roof area is gray. Can I reach out the manage broker of the agent and complain for commission credit? chatgpt gave me a decent ideas for the next steps, which is get roof repair estimated and email the agent's team ...

I'm on job hunt since a year and unable to use additional career premium referral due to ineligibility, I'm looking for LinkedIn business premium referral at no cost to continue my job search and LinkedIn learning, i would highly appreciate. You may please dm. Thank you submitted by /u/M_Arslan9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sp7ymn/has_anyone_linkedin_business_referral_to_share/

So I have a contengcy that we find new housing before close. We've been trying to buy since last April, beat out of houses every single time we put an offer in. We decided to get ours listed first, try to sell and buy at the same time. Now, we got 2 showing requests immediately, and an agent calling our realtor asking if we would accept sight unseen full cash price, and RENT our house back from them, until we find a new one..no escalation clause not an on paper offer, just asking if we would consider that. I'm kind of offended, we have the contengcy for a reason, I'm not wanting to do a rent back when my mortgage is only $720 a month, I can't imagine paying more than my mortgage to rent my own home, whole I HOPE to find another one. As I was writing this, a guy actually drove up to my house (I'm sitting on the porch) and asked me questions about buying it, and the neighborhood. So feels like we at least have some interest. What's the benefits of taking cash off...

We signed a 2-year lease last july to go until august of 2027 (we were planning on getting married in August of this year) but we broke up in March. Is there any way for us to get out of this lease without being on the hook for the entire remainder of the lease term? We are in PA. submitted by /u/GaviFromThePod [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1soqvz9/my_ex_and_i_signed_a_2_year_lease_until_august_of/

I think my question is ultimately: What constitutes a seller "knowing" that there is a serious issue with a home? I recently cancelled a sale for a home I was under contract on after a nightmare inspection. We had a structural engineer come out and confirm the findings, which is that the building is not structurally sound due numerous issues and the cost to get the home safe to inhabit would be hundreds of thousands of dollars. We obviously backed out, explained our reasoning why although we didn't pay for a written report so there isn't really a paper trail. I noticed today the house is back on the market, same asking price, and of course I have no idea what they might say to the next buyer but it does have me wondering: At what point is a seller obligated to tell the next buyer what came up during a previous buyers inspection? submitted by /u/Antique-Signal-5071 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1so94ar/when_do_sell...

Looking for some advice on behalf of a client. He's got 80+ small residential properties, all single-family or very small multifamily, under 200 units total. Each property has property management, and his CPA firm handles the accounting. Should be sorted, but in reality, he's getting buried in all the insane shit that falls between the cracks; insurance claims, vendor coordination, being the liaison between the PMCs and the CPA, general admin that nobody else owns. His time is getting eaten alive, and he wants to add a layer between himself and his property management companies, someone who can own the day-to-day administrative and operational coordination so he can get back to the three other businesses he owns. The obvious answer feels like an Asset Manager, but I'm not sure that's right for a few reasons: The portfolio isn't really growing; this isn't a "find the next deal" role A good Asset Manager wants to be underwriting deals and optim...

Hello, I know there are a lot of information about this, but I think my case is a little different. If I buy a house for the first time, but by cash, without any help or loan, do I still could ask for any help as a first time buyer, for my next house with mortgage? or its better if I put this house with my moms name and not mine, I will live there btw, not she... Cause I dont want to waste this option buying a house with cash... I know if you dont own a house for 3 years, you could use it, but its not an option for me if I put the house in my name Thanks! submitted by /u/Jfgpreddit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1so5kz7/fha_or_first_time_buyer/

Selling my house currently. I saw on social media once about having a house binder to “give to the buyer”, so prior to selling I made a binder with every useful detail I could think of. And I placed this binder on the counter during showings and open houses. I put in manuals for appliances I had bought (or downloaded and printed them from the internet), added in paint colors (including brand and finish), receipts / screenshots for various items I had for the house (light fixtures, door locks, etc.). I found my Amazon orders and printed out a screenshot of the HVAC filters I use, the stain I use for the deck, the type of grass seed I use, invoices from the trash company, types of plants I had planted, care instructions for the garden, order / part numbers for various parts I had replaced on the oven, literally EVERYTHING I could think of. By the end it was like 30 pages. Was all of it necessary? Probably not. However when I was talking to my agent, she mentioned how a few offers ment...

Hey everyone, looking for some advice because I’m in a tough spot and not sure what the best move is. I recently broke up with my girlfriend and we’re both on a lease together. The issue is that the new lease term starts in August, and I really don’t want to be tied into another full year especially since I won’t be living there. Right now: • She plans on staying in the apartment • I’m trying to move out and get my own place • I can’t realistically afford to pay rent there AND rent somewhere else • She is not willing to replace me on the lease or sublet I’m trying to handle this as cleanly as possible, but I don’t know: • Can I back out of a lease renewal before it starts? • Does she need to agree to remove me from the lease? • Can a landlord force me to stay on if I already signed renewal paperwork? • What are my options if she refuses to cooperate? I live in Wisconsin. If anyone has been through something similar or knows how landlords usually handle this, I’d really apprecia...

Recently viewed a house with my partner and we fell in love. Offered 20k over ask and there was one other competing offer. We got the house for 690k. It’s 45 years old and well built, but certainly has some aging things about it such as the windows and roof. After inspection we found out there’s some things that need to be done sooner than later. At least 3 windows (~5k) the roof (~10k) and the garage door (~3k) should all be replaced within the next year or two. The house has been neglected, cobwebs everywhere, filthy air exchanger, list goes on. We’re thinking we should negotiate down to 675k. Is requesting 15k off crazy? What’s the likelihood they go back to the competing offer and take theirs? Guidance appreciated submitted by /u/Commercial-Can4805 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sn43c0/negotiation_after_inspection/

My wife and I walked a historic 1902 farmhouse yesterday and are seriously interested but have some concerns before moving forward. Key facts: 4,400 sq ft Private in-ground pool Metal roof 2012, HVAC recently updated, new septic just done No structural issues disclosed Pre-1978 so lead paint is a factor Two car garage A few things we're trying to get a handle on: What's a realistic cost to add a full bathroom upstairs? What would it cost to extend central air to rooms not currently on the system? What should we tackle first in a home this age? Anything about 1902 homes specifically that isn't obvious but we should know going in? We're pretty handy and have good people around us who can help. Planning to do as much ourselves as legally possible and phase the renovation over several years. Are we being realistic or are we in over our heads? link below submitted by /u/EatADubya [link] [comments] source https://www.reddit.com/r/RealEstate/comme...

I've been looking at the numbers on rental properties in Cabo and the returns seem solid, but I'm nervous about buying property in Mexico as a first timer. I'm based in California and I've heard the market there has gotten a lot more competitive in the last couple years. Would love to hear from anyone who has investment property in the Los Cabos area. Is it worth it, and did you use a local agent or try to do it remotely? submitted by /u/KaleidoscopeDeep3453 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1smzf7g/is_cabo_san_lucas_still_a_good_real_estate/

EDIT: I thought I made this clear enough but apparently I didn’t, I’m not buying this property. I wrote a post about trying to buy a condo from a friend which is really just half of a house. The HOA is two people. They had a problem with my dog being over 35 pounds, but all communication was done through my friend and they made me promise not to contact the other owner directly, which is a red flag. The update is, I insisted on speaking to the other owner, and I was told they refuse to talk to me at all until the sale is finalized. Is this a normal way for a co-owner in this situation to behave? It seems like a huge problem to me. I told my lawyer I'm withdrawing from the property. I have never bought any property before and this is my first attempt trying to get a condo. I decided to give up on this idea and get an apartment until I learn more about how condos are supposed to work. PS I got a lot of comments on my thread about my dog being an ESA. These comments all seem to b...

I have a question about qualifying when self employed through my own business in the U.S. Midwest. I'm getting divorced and the child support I receive will be $470 and my alimony will be $800 a month. I'm self employed and the last four years on my taxes my net income for my business was: $37K, $21K, $19K and $8K (yeah, decreasing) and I have about $14K in savings and excellent credit and no debt. My husband makes most of our income, but agreed that if I can refinance the house in my name he will let me have it because the equity in our house lets him keep more of his retirement. What I'm trying to figure out is can I qualify for a loan for $107K for a house that is $300K so I can take over the loan in the divorce? Trying to figure out how I can make this work, but I'm concerned my income isn't high enough. Can I do an FHA loan? What could help this situation? submitted by /u/Bone_Apple_Teat [link] [comments] source https://www.reddit.com/r/RealE...

My wife and I have outgrown our current house. By all accounts it is a great house, we just need more space and outgrown the area. It is a three story, 5 bed, 2 bath, single family home just outside of Boston. We do have a disagreement on how to move forward to selling it though. We have done a fair amount of work and up keep while we have lived here, such as put in a brand new backyard with irrigation, new water heater, refreshed rooms and bathrooms. We both agree on the common touch ups before selling like new paint, sand and refinish our hardwood floors that have a few years of dog scratches in them. Where we diverge is doing some additional renovations before we attempt to sell. My wife is convinced we need to add an addition to the house so we can put a bathroom on first floor (we have one on the second floor and one on the third floor) and refinish our basement (standard unfinished New England basement, the floor is pretty uneven and could do with a better sump pump) or the ho...

Hello. I’m very eager to sell my home and would appreciate some advice. My realtor has been disorganized—misplacing paperwork and not following through on deadlines she set, like lowering the price when promised. My biggest concern is the listing photos: they weren’t done professionally and include poor lighting, blurry shots, her fingers in the frame, awkward angles, and even random shots (like my litter box and a small, cluttered pantry), which I worry could deter buyers. She did hire a professional for 360 video, but not the photos. As a buyer, I personally mainly look at photos vs a 360 video, but maybe others are different? I mentioned disliking the photos, admittedly I wasn’t specific because I have anxiety over confrontation, but I did express wanting new ones. She didn’t seem jazzed about it, but said I could retake them and send new ones to her, however she cannot remove what she has already uploaded. I’m in central Florida where there’s a lot of competition from new builds...

Yesterday, we received the post-inspection repair list. Only a couple of things I thought were really relevant--one was an HVAC system that we were currently in the process of repairing--disclosed early on--and we are now replacing. They asked for $30K in credit. We countered that we're replacing the HVAC (the most expensive thing on the list) and that they can deal with the rest. The original price holds. We're willing to come down a little, but we already took their lower than asking offer because we know the house is older and stuff happens. I'm nervous that they'll completely walk away. We had multiple offers and our realtor thinks we'll have options if they do walk away. Still doesn't make me feel less nervous. submitted by /u/geekymom [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sl6shf/nervous_about_counter_to_repair_requests/

submitted by /u/Venom-Blade [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sl54tb/anyone_noticed_how_fast_response_time_impacts/

Background: My wife (25F) and I (27M) live in an apartment in the suburbs of a major Midwestern city. My father purchased a three flat in 2010 and had it fully renovated in 2015. The building is worth approximately $600,000 now. He recently had a long time tenant move out, who he was actually under charging but fair market value of rent is approximately $2000/mo. The other two units collect $1900/mo and $1100/mo respectively. My dad plans to snow bird down in Florida after he retires and would like someone to keep up with the maintenance. He planned to use the 3 flat to borrow against for a mortgage down in Florida because he has Covid level low interest rates. The deal: He originally told my wife and I that we could take over the 3 flat and collect rent but would be responsible for property taxes (approx $1000/mo) and maintenance/upkeep + giving him $2000/month. He is in the process of establishing an LLC for the 3 flat and putting it in a trust. We sat down and once we got to tal...

first time buyer here. i expected some differences but not this much variation in total costs. the rates are close but fees and breakdowns keep shifting just enough to make it confusing. i’m trying to compare them side by side but not sure what i’m actually supposed to prioritize. what ended up being the deciding factor for you? submitted by /u/augustcero [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sk8i0n/got_three_different_quotes_this_week_and_im/

So I've been hanging around this sub for a bit absorbing advice before listing my apartment in Sydney Newtown, and honestly all the discussions about staging have pretty much sold me on doing it. The before/after photos people post are genuinely impressive. But now I'm questioning a bit For those who've used a professional staging company - how does the process actually work? Like do they rock up with a van full of furniture, arrange everything, shoot the photos, and then pack it all up the same day? Or does the furniture stay for the entire listing period? I'm trying to figure out the logistics and whether I'm essentially renting furniture that sits in my empty place for weeks. Also what's a reasonable budget for this in Sydney? I've seen quotes ranging from a few hundred for a consultation to $3K+ for full vacant property staging. And one more thing - has anyone gone the DIY route where you just get advice on what to buy and arrange it yourself? I don...

TLDR; We acquired a property in late 2023 and subsequently encountered difficulties with mortgage payments in 2024, leading to foreclosure proceedings in 2025. We have recently discovered significant structural issues with the home. We purchased a house in Minnesota in late 2023 without an in-person viewing, relying instead on inspection reports, appraisals, and our real estate agent's assurances. Upon moving in, we observed signs of structural instability, such as uneven floors and unusual support beams, in this small farmhouse originally built in the late 1800s. We did not think much about it given it is a very old property. By mid-2024, I experienced job loss, which impacted our ability to make mortgage payments. Foreclosure proceedings began in early 2025. We have been working to delay the foreclosure through various means, and now we have approximately one month before the property is scheduled for auction. We attempted to sell the house in mid-2024 after realizing we coul...

Veterans are losing homes because of GOP killing loan program If there is an ounce of decency in MAGA’s soul, they will remember this on election day. They had their own reasons for supporting and electing Republicans, despite the fact the president was a convicted sexual abuser and convicted tax cheat. Be that as it may they are now becoming aware of their poor choice. They are now witnessing the collapse of their economy because of runaway inflation and exorbitant grocery bills. They are witnessing the collapse of their healthcare with the near total dissemination of Medicare and Medicaid and the closing of innumerable local hospitals. Their electric bills now are greater than their mortgage payments in some cases and gasoline prices are inhibiting their ability to drive to work. Their unions, on which they rely on to slow the depredations of rapacious employers are being challenged daily, and probably second worse to all, they have seen the lies about keeping us out of ‘forever...

I'm nosy and like to check what houses around me sell for. A house near me listed as SOLD on zillow in the end of March for $303k. This is in a neighborhood where all similar houses go to $900-1.2 million. The house was never listed for sale. What could be going on here? submitted by /u/EvadeCapture [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sjba9c/house_listed_as_sold_but_was_never_listed_for/

Looking for some perspective from folks who’ve bought in high-cost markets, especially the Bay Area. I’m currently renting in Sunnyvale and expect to commute ~2–3 days per week going forward. My partner is fully remote, so we have some flexibility on location. We have one child (starting elementary soon), so access to strong public schools is an important factor. We’re targeting a ~$2M budget and debating between two approaches: Option 1: Buy closer to the top of budget (~$1.9–2M) in a stronger school district, likely smaller or older but more “location locked.” Option 2: Buy something in the ~$1.7–1.8M range in a slightly less competitive area and reserve ~$150–200k for renovations to improve the home over time. Constraints / preferences: - Single-family home only - Ideally targeting top-tier (or close to top-tier) public schools if we can make it work within budget - ~30 min commute to Sunnyvale is the goal (flexible since it’s not daily) - Open to different parts of the ...

The IRS has transitioned from manual audits to an automated, AI-driven data-matching system. This system cross-references county property records, 1099-K data from rental platforms, and mortgage data against filed tax returns. They are focusing on: - HELOC Misuse: Interest is only deductible if used for home improvements. Using home equity for medical bills, tuition, or debt consolidation triggers a compliance mismatch if interest was deducted. - Partial Property Transfers: Adding an adult child to a deed is a "gift of real estate." If the value exceeds $19,000 (2026 limit), Form 709 must be filed. - Rental Income: Short-term rentals (Airbnb/VRBO) generate 1099-K forms. Failure to report this income on Schedule E or account for depreciation creates a high-probability audit flag. - Inherited Property: Failure to document the "stepped-up basis" at the time of inheritance leads to undocumented basis penalties. Make sure, if you are a senior, to document. They ha...

We are doing a buy/sell and both are hot markets. We need to be strong in an offer on the buying side but I'd prefer not to do a bridge loan. Our house should get multiple offers very quickly when it goes on the market next month. If we put an offer on a house, how strong is contingent on settlement if we are competing against a few offers? We understand that non-contingent is better and contingent on sale takes us out of the running. I just don't want to blow the $10K in fees on a bridge loan if we don't have to. Thanks everyone! submitted by /u/bgptcp179 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1siihfm/how_much_stronger_is_contingent_on_settlement_vs/

For context we went through Open Door for a cash offer. They referred us to Mark Spain. I was not a fan of the relator who came to video the house but we we're just looking at cash offers. We had no interest in selling on the open market. I did not realize we were singing an exclusive right to sell listening agreement that would last the whole summer. My wife came in from work as I was filling out the dwelling information. The relator did not explain the paperwork to my wife, just asked her to sign, and she assumed I have already looked over it. The same goes for me, I assumed, he went over the information with my wife so I just initialed next to her name. I did not know an exclusive right to sell agreement was signed until we received the emailed copies later that afternoon. The cash offers came in low and I was not a fan of the consistent poor communication of Mark Spain. They actually sent a photographer out at 10am without me knowing. I turned them away and had to inform them...

I just feel like their program is nothing but pages of text, no actual instruction or engagement. On top of that, so many grammatical errors and spelling mistakes that just comes off as unprofessional. It’ll stop me in a lesson to take a 25 question quiz, and the quiz covers things the course didn’t even go over yet…I scour my notes thinking I missed something. Then after I get past the quiz, THAT is when it goes over the course material that half of the quiz was based on! I don’t feel like I’m learning much. Does anyone else have this issue? I got through state college magna cum laude but I feel like a dunce with how little I’m learning in this course. What are your thoughts on VanEd? Colorado, btw submitted by /u/illogicallyhandsome [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1shyh8f/colorado_taking_online_coursework_with_vaned/

I think the questions quite explains itself. But i gotta ask still, I moved back here to renovate dad's old rental property, I won't be here always, but i got mixed feelings about property management costs and landlord vs property managers issues. Is it worth it? Or should i try to self manage as much as I can? What groups would you recommend? submitted by /u/LengthAggressive953 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1shrx8y/is_it_worth_using_property_management_company_for/

The offer is contingent on loan approval, home inspection, and cancellation of the open houses scheduled for this weekend. They want an answer by end of today or they are withdrawing the offer. We are worried we may have underpriced the home a bit and would lose out on potentially higher offers by accepting instead of waiting until after the open houses at least. On the other hand, the house does need some work (which is described in the disclosures) and there’s a chance that the potential buyer seeing the home and the work needed in-person could change their mind about the offer they submitted. Our agent laid out the pros and cons of both options, but I’m wondering what you would do in this situation? The home is near Raleigh, North Carolina btw (if that makes any difference) submitted by /u/ixvst01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1shohpd/first_time_seller_received_site_unseen_full_price/

A month ago the sale of my house busted due to buyer unable to secure his loan. House was appraised at asking price - 250k. Got in contract with a second buyer and the 2nd FHA appraisal was 9k less than the first one. Based on my research and what my realtor says is that the new lender will have to go with the first appraisal? Is that correct? We are reaching out to the first lender to obtain the FHA case number and provide it to the new lender. submitted by /u/UFOsss01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1shmyb3/fha_2nd_appraisal_came_lower_than_1st_one/

I live in a 2 family house that is separated into 2 condos. I own the top floor and the bottom floor condo recently went up for sale. Im trying to weigh the pros and cons about becoming a landlord to an adjacent unit. Some of the pros I can think of are proximity to my investment if there are things needing to be addressed. Also, I would get to decide on who I rent it too. Are there any additional financial considerations in regards to mortgage rates or insurance that I should be aware of once I own both (all) the units in the HOA? What about cons? If anyone has personal experience with something like this I would love to hear your thoughts. submitted by /u/mycartel [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sgtoi3/should_i_buy_the_condo_downstairs/

I put in an offer on a house earlier this year that I later rescinded, but in my initial offer contract, my real estate agent had me sign an exclusivity contract. It basically states that I have to use him as my agent for the next year. Long story short, I do not want to work with him after this past experience and was wondering if I am bound to him and what I need to do to get out of this exclusivity contract? Since the exclusivity contract was part of my offer, and my offer was rescinded, does that mean the exclusivity contact is void as well? submitted by /u/happilyeveremma [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sgry09/am_i_legally_bound_to_an_agent/

After a big wildfires last year my house had heavy smoke and water damage. Insurance came back with an offer of $94k and I was pretty much ready to accept it because I didn’t want to fight them. A neighbor told me to call Onsite Public Adjusters. They took over his whole claim and ended up getting me $198k... basically double what the insurance company originally offered to me. Ițm thinking about hiring an adjuster too but I would like to hear more advice. submitted by /u/porchoua [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sgn8l7/how_much_more_did_your_public_adjuster_get_you_on/

So our mortgage jumped up $250 a few months ago. Nothing changed except our taxes went from 1200-2400. Using a calculator with our interest rate. Insurance ,Property tax and pmi our payment should be 2313 a month but we are getting charged 2,540. They valued our home from 80k to 160k that’s why our taxes doubled to 2,400. Are they charging us as if it will double again this year? Just trying to understand where 250 extra a month is going. Will we get it back if it doesn’t double again ? submitted by /u/MissionHome18 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sg5p47/mortgage_is_250_over_what_it_should_be/

Update: consulted a friend that is an experienced agent where we live and they looked over our contract. Based on how the sales contract is written apparently, because we did not provide earnest money within 3 days, the contract is void therefore we’re technically not under contract. Our agent did not know this and said he would need to contact his legal department to see if we could even renegotiate. This is also not a good thing because if we decided to buy in 6 months the seller could’ve raised the price and there’s nothing we could’ve done. 🫠 We are in a peculiar situation. We are in the process of buying a home, however, when we made an offer we are on contingency and the seller didn’t like it and said he’d rather rent it, so we offered to rent until our house sell then buy. We got the inspection done, he fixed stuff, and we moved in. Week 2 we got a huge downpour of rain and saw the home has major drainage issues and the foundation likely has been affected. We had a drainage ...

Just getting started and looking into getting my Real Estate license in TN. Are there any good books I can study in order to learn more about the topic in general? Something like the “for dummies” books that gives a lot of information in one book to get a super broad view of the topic would be great. submitted by /u/Infinite-Librarian20 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sfu5vc/best_audiobooks_for_learning_about_real_estate/

submitted by /u/Kicice [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sfolew/is_selling_after_2_years_of_ownership_to_rent_an/

We have a budget of 1 mill, which we know won't go far in most places. Condo/townhouse works. We have a short list of what would make a place possible. When we look up agencies, it seems every brokerage is on their own. No longer a world where you could speak to a broker who could point you to an area and benefit from referral fee. With so many markets so competitive, and good realtors too busy, how do we figure out how to narrow down possible markets WITH insight of someone in the business? (We have bought and sold a number of homes in a number of markets and always do all our research, but this return has been impossible to wrangle without having the realtor IN the community that we can't yet determine! We know how to search a community for best realtors, but even that is limiting us as everybody says where they are is best.) Are their agencies or services that, for a fee, help with this winnowing down process (like there is on East Coast with Suburban Jungle)? submit...

Location: Pennsylvania Looking for a real estate attorneys opinion, would be happy to DM. submitted by /u/Hopeful-Wishbone-388 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sf4fdh/location_pennsylvania_real_estate_attorney/

https://imgur.com/a/Gm64Okq Experienced investors, homeowners: Currently in the due diligence period for an investment property built in the 1970s. First time home buyer. Expensive at $1.5 million but priced pretty fairly for $/sq ft (~4900 ft^2) based on comps. Estimated 11-15% cash on cash return, 50-70k cash flow. Large tax savings. First time buyer. Will enjoy on occasion as a vacation home. What are your thoughts on these findings? Obviously I’m pretty concerned about these and want a property but not at the expense of 50 years of deferred maintenance with landmine expenses. What is a must fix, and what could balloon into big expenses? What would you negotiate? Would you walk on this deal? Already got $25k seller credits and they said they weren’t planning on negotiating much later (eg. After inspection), they’re eager to sell but also are still allowing showings under contract so hedging their bets. I’ll lose about 10K in appraisal, title, searching due diligence fees whic...

Hello, I just received a phone call from a company claiming to help families/heirs collect surplus funds after a foreclosure sale. At first I thought it was a possible scam. They claim heirs don't pay them, but that they take a contingency on the claimed funds (~35%). Background: My grandmother owned property in a small rural town in TN. I live in Florida. Is there any way for me to redeem/reclaim the property and keep it after foreclosure? I'm reading that in some states, there is a time period to do this, but am curious if others have done this before and what steps I should be exploring, what documents I need, and if I absolutely need to hire an attorney. Advice? (P.S. I know there are lots of property owners here who take advantage of situations like these to increase their portfolio. I'm asking as someone who both wants to retain this property due to family sentiment AND to increase my own property portfolio). submitted by /u/unstereotyped [link] [...

Location: Portland OR And if the deck is composite, do they care about how close it looks to actual natural wood? I'm thinking about putting in a deck and definitely convinced that composite is the right way to go. I'm curious what buyers think about it. Personally I would see it as a benefit because composite decks have great warranties. For the two materials I'm looking at the price difference is about $3,000 and I just don't think it's worth the extra money for a material that looks a little bit more like wood than the cheaper one. They both have the same warranty. Does a deck add to property value? The area that I'm in is middle class / not rich or fancy. I'm trying to turn my backyard into a entertainment space that has a lot of privacy. The front yard is pretty worthless for anything really. It's just not a usable social space. Edit: I'm not asking if I should consider buying wood. I'm asking whether buyers actually care about that....

I have so much on my mind and I just need to get it out of my head. I'm in the process of selling a house in Maryland and buying a house in Michigan, relocating for a job. This process started in December when I accepted a job offer, but our first bank (and current mortgage holder) kind of screwed us by not doing their due diligence and pre-appoving us without a sale contingency. We were scheduled to close on a house in January when underwriting informed us (after I had asked our loan officer and processor multiple times) that we have to sell our MD house first. Smash-cut to March. I have to start a new job, so I'm in an Airbnb while my SO and pets stay in MD to sell the house. We finally get a buyer, and we find an awesome house in MI. Timelines are synced up pretty well. But the two states operate differently. MD schedules closing when the purchase agreement is ratified. MI doesn't schedule closing until we get our Clear to Close notification. Now we're contracted t...

I'm a real estate agent/investor in Louisville and I keep seeing people on this sub talk about Nashville, Austin, Boise — markets that got hyped and then corrected. Wanted to throw Louisville into the conversation because the numbers are kind of wild. Median home prices: National average: ~$415K Nashville: ~$475K Louisville: ~$265K That's 39% below the national average and almost half of Nashville — a city that's only 3 hours away. Meanwhile, Kentucky just had its second-best year ever for private-sector investment ($10.5B statewide, $5B+ in the Louisville metro). Ford, GE Appliances, Meta, Foxconn — all building or expanding here. UPS Worldport (largest automated package facility on Earth) is here. Humana is HQ'd here. For investors: cap rates run 5.7% to 11%+, rent growth is 2.5% vs 1.1% nationally, and new rental supply is at an 8-year low. The gap between Louisville and comparable metros is going to close. The question is just how fast. I wrote up the fu...

I have an offer accepted on a house, so the next step is to rate shopping. I plan to reach out to 4 lenders. Should I get a full pre-approval from each lender or just give them all the needed information to get a quote? submitted by /u/redhamster2009 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sdj0u6/rate_shopping/

Have a question about the tax lien auxiliary session. As I understand these would be unsold tax liens during the auction. These are set as "buy now" tax liens, but what im unable to find is the interest on these liens. Are these automatic set at the maximum, which in AZ would be 16%? submitted by /u/turbo_the_world [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sdh2e4/tax_lien_auxiliary_session/

I'm closing on a new build in South Carolina - it's a new sub-division from a national builder. Would be my primary home. I'm considering if it would make sense to skip the title and general home insurance? My thinking is - why pay for insurance on something I can afford to replace. Anybody went through this? Is the risk/reward worth it? submitted by /u/AlternativeBank1869 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sday54/skipping_title_and_hazard_insurance_on_a_cash/

We learned through our insurance quote process that the sellers had a prior claim. They said after Hurricane Helene (2024) there was a small water spot at the ceiling-wall junction in the first floor living room. Home wasn’t in the direct path but located outside Greenville SC. Sellers only spoke with someone on the phone — no adjuster came out — and the sellers said it went away. Nothing was paid out. The sellers say this has never happened prior to and hasn't happened since. The CLUE report showed no info besides the date, $0 payout and the word “WIND”, but the sellers say the issue was water as noted above. We have no records of any remediation and the sellers have not mentioned doing anything to address it other than calling their insurance company because they didn't know what else to do. The house was built in 2019. Our inspector was not aware of this during the original inspection and sellers did not include it on the disclosure. We have scheduled a re-inspection with...

My house was sold at foreclosure sale in Sept. 2025 and the winning bid was the junior mortgage bank, for exactly the amount I owed them. They are listed in county records as holding the deed. The redemption period was 6 months and ended a few weeks ago. I just got out of the hospital after suffering a heart attack end of February and am now trying to catch up on my mail. Apparently the house was foreclosed again, this time by the senior mortgage bank in February and there was an overbid of 97k. I cannot find any mail or any records online of this foreclosure sale taking place, but the junior mortgage holder took me to court in March (which I am just finding out about from court documents in my mail) and they won the 97k because I did not show up. How do I find out who I can turn the keys over to? I have no proof of who owns my home and when I need to be out. I have already moved in with family and can’t afford to keep paying the utilities at the foreclosed house. I have received a...

is there a formula you guys follow to know weather it will be successful? submitted by /u/Unfair_Cycle4370 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sccoxy/hello_im_looking_for_advice_in_buying_my_first/