Does that tracker actually tell the buyer anything? I suppose it would really have to be in context of other homes in the same market? (I'm 2 hours live on my home's listing with 245 views, 25 saves. But a bunch of those views are probably people I sent it to myself, just trying to light the fire.) submitted by /u/Familiar_Eggplant_76 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tjmwoi/zillow_viewssaves_a_meaningful_metric/

hi, my bf and i are first-time buyers, we're countless offers in and have already backed out on a couple deals. we thought we finally found the one but here we are with another big fat roadblock. we were approved for a conventional loan and now the township is telling us that the lot is zoned industrial and can't be rebuilt if more than 50% damaged and the lender won't fund that. township won't make any exception and they have variance permits but not for use . they're saying our only option is to submit a rezoning app which is just time and money down the drain if it gets denied. the lot itself isnt technically big enough to fit industrial ordinance, one neighboring lot is owned but vacant with 0 permit history, the other is used as commercial, properties behind are residential/commercial use all grandfathered into industrial zoning. there are warehouses and distribution further into this district, nothing gross or polluting tho. i was hoping to get opinions on ...

If I suspect our offer is not being accepted due to racial discrimination, what are my next steps? The realtor and sellers are both a specific race and I am white. This area was historically white but is now about half and half white and this other race (who are typically insular). The seller realtor told our realtor that they had a higher offer (at asking) but it’s been weeks in attorney review. When we inquired again, the “other offer” was suddenly $100,000 over asking and could we come up? They never officially declined our offer. I feel like they don’t really have another offer and they are waiting for another family that is their own race to buy it. I’m planning to make another lower offer later this week because if they really wanted to sell it they would have accepted my offer by now and the longer it sits, the more negotiating wiggle room I have. submitted by /u/toomanychoicess [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tijv...

Real estate paperwork has completely changed my opinion on document tools. Between contracts, disclosures, and signatures, I finally understand why people care about fast PDF workflows. Didn’t matter much until I had 15 clients at once 😅 submitted by /u/Abelmageto [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tiedh6/i_used_to_think_pdf_tools_were_all_basically_the/

looking to relocate from de to fl, contacted a realtor..had a good conversation explaining our position. she recommended a lender. standard pitch *i always work with her" ""shes the best" blah blah blah.. i get it one business scratches the other. contacted the lender.. had hard pulls on credit for loan. got financials back.. then WE had to go back to realtor with info. not sure why lender couldnt send directly if the are such "good business friends". 2 weeks after pull..nothing no phone calls..sent 3 emails, no response..then.finally got 1 email a week after 3rd email with prospective houses, said we would be put on a weekly email for available houses. nothing listed in the stood out to us..and that was in.. no other communication.. from lendor or realtor.. nothing was signed for representation..but they both have all our legal info. i know its a buyers market, but to be ghosted like this is crazy unprofessional. is this what is acceptable now? havent ...

Looking for advice on what direction we should go next financially/housing-wise. I feel like we’re in a decent position overall, but I’m struggling to determine the smartest long-term move. Current situation: Me and partner with 3 kids ages 7,8,9 Household income: ~$215k salary (not including rental income) About $250k in retirement currently Contributing 15% to a Roth 401k Around $80k in cash savings (hysa) Primary home: Estimated value (super conservative): ~$500k Owe: ~$350k Interest rate: 3.75% We’ve outgrown it with 3 kids and only 3 bedrooms plus unfinished basement. (No office space for WFH) Rental property: Estimated value: ~$430k Owe: ~$249k Interest rate: 2.75% Mortgage is about $1,580/month Rent is $2,500/month Cash flows roughly $800/month after expenses The dilemma: We need more space, but I’m torn between a few options: Stay put and remodel/finish basement, stack cash, enjoy the low mortgage. Sell current home and buy bigger (found a house with every...

So new to this group trying to get our life together. I’m 42 female married with 3 kids. Bought house 2012 no fancy cars. Both Govt employees. Self teaching about investing ETF/Stock with what little we have left. Both still have student loans which fingers crossed will be forgiven through job. My question is how do people invest in a rental property without coming from generational wealth? I see people buy and live in their home for 2 years and then rent and buy another. How can this be possible considering my scenario.. kids acclimated to their schools.. not much wiggle room for job site relocation. I live in northern Va single homes are 750k and up. It’s WILD. Any advice bc this life is so stale! Thanks you so much. submitted by /u/Medical-Ad6585 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ti2sfz/how_do_people_afford_to_invest/

I’m under contract on a home in Maryland and I am refusing to close after discovering major structural issues that were heavily downplayed during the inspection process. My agent is my partner’s aunt, which makes this much harder emotionally. I trusted her completely, and throughout the process she pressured us to move very quickly. During inspections, instead of bringing in licensed specialists, she brought in her own people who were apparently unlicensed and gave extremely low repair estimates. The inspector she recommended described the front stone facade and deck issues as relatively minor. Based on that information, we negotiated a $6k credit and moved forward. After contingencies were removed, I independently hired a structural engineer, contractors, and a licensed stone mason. Their findings were dramatically different. We are now being told repairs could potentially reach $50k+ and may involve major reconstruction work. I’m now speaking with an attorney and trying to recove...

Settlement Issues I’m a first time home buyer and we got our inspection report back last week. There is more than normal amount of settling towards interior of home in multiple areas. The seller has agreed to make repairs based off a letter from getting his structural engineer involved. (apparently seller is a home builder that does renos too) Is this a giant red flag? I am from the construction industry as well as all my family and we are all extremely skeptical of this If the foundation issue has to be addressed, should we expect the seller to get the inside of the home back to the same condition? We are worried of interior issues that could arise, since seller has agreed to repair based off of structural engineer, but realtor is not being very helpful of what all may or may not be included in that.. I really need some feedback from homeowners and others that own homes as investments. Everything else with the house is practically a non issue and seems to be a really nicely done ...

House closed 04/18/2026 and was updated to sold on Zillow the next day. It was sold for about double the amount left on the mortgage and the proceeds after all fees and taxes and stuff is split between 2 siblings who no longer speak to each other, 1 being my husband. The decedent has been passed for 3 years and this was the only remaining asset in probate, one sibling lived in the home but decided to sell and let go. We want to use the proceeds to purchase property in the next year or so, our lease is up in October and we don’t live in a wonderful area, we have a young son and think it’s time to move on, and I’m trying to make a bit of a timeline so we know what to expect. We would hope to close on a home by December or January of next year. If anyone knows the typical timeline for funds dispersal in a situation like this it could help. Thanks submitted by /u/ViceInSinCity [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tgzd1o/how_long_d...

Hi all, I wanted to get some imput about this deal which I have under contract. I've been going back and forth about whether to walk away over the last couple days and would like some unbiased feedback from this community to help me evaluate the decision. Talking to family and friends hasn't really given me much clarity. Location CT - for context we have a dramatic inventory shortage here and our market is one of the hottest in the country. Everything sells immediately way over asking and I've put in 10 offers over asking price before this one was accepted. The property is a triplex, which is what i had been ideally looking for. List price was $400k, and i offered 465k given the state of the market. After the inspection report came back, sellers agreed to lower the price to 430k, which for the square footage and rapidly appreciating prices is actually good in our market. The property is currently bringing in 4050 per month in gross rent, which will be going up to 4350 on...

There’s a couple of house my wife and I have been eyeing since last year. They were both listed around the end of summer and are still on the market. They both started at $450k and now sit at $425k and $395. They are both old farm houses from the early 1800s but have been completely renovated. The one at $395k is in a more desirable school district and area but doesn’t come with a garage or storage of any kind. At what point does an offer become insulting and shouldn’t even have bothered with it. I’m factoring in having to build a garage and probably wouldn’t want to offer more than $300k for it. The $425 house has a nice outside setting but sits at a country rd intersection that dump trucks go up and down all day long with their Jake brakes. I probably wouldn’t offer more than $350k since it does come with a barn and we really like the outside of it. Are these insulting offers or should we just pass? Other houses in the areas have sold for much less in the past year than what they ...

The day before buying, the realtor called us to say she’d just discovered that a portion of our driveway was not on our property. This was during the height of Covid and she acted like it was NBD. The gravel driveway is is probably 200 yards up to the house, the adjoining property is unoccupied, used for lumber. We have had to add gravel in several areas to keep it safe to drive on. Recently I pulled up the county property lines online to discover that not only is a great majority of the driveway not on our property, but a good part of the fenced area of our side yard (fence installed by previous owner) and side yard that we use for our garden is on the other property.At some point in the past year, yellow paint has been added to several trees on the opposite side of the drive. While we are very rural, there has been some development in the area and we are starting to worry that we’ll lose access to this driveway, lose a good portion of front yard, etc. Can anyone enlighten us about ou...

Hi i have an airbnb condo in a colorado tourist town. Bought outright with cash. Should i move it under an LLC. I am jobber with w2 9to5. job is my main source of income. submitted by /u/Electrical-Ask847 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tfobng/airbnb_in_colorado_tourist_town_should_i_move_it/

Can anyone describe their experience of selling through Opendoor this year?? I’ve seen some say that the process has changed with the new CEO. How did the offer, inspections, etc all work? Thank you! Please no comments about how I’d be losing out on cash with them. No duh. There’s a reason I’d rather not deal with the normal way. submitted by /u/Pleasant_Addition440 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tfi5h5/selling_to_opendoor/

It seems like a lot of realtors with a strong Youtube presence are pushing their agent referral services. The sales pitch goes something like this: "There are a lot of bad agents out there, but I selected and vetted agents across US who are up to my high standards. You can use my service to find a great agent in your area". Do they really have some sort of standards for the agents they include in their networks or is it another take on what Zillow does - "pay the fee to get a client referral." submitted by /u/alkevarsky [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tf1ftk/youtuber_realtors_agent_referral_services/

I’m looking for a duplex for my primary residence. N came across the short sale on Redfin. Is there any pros and cons to it? Does it mean I can ask for a bargain? Thank you. submitted by /u/ExcellentSurprise191 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1teun98/short_sale/

I know 10% is standard, but what are realtors recommending for a buyer right now? I heard it was higher from a friend who just bought her first house. TIA submitted by /u/SuluSpeaks [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tex4xk/recommended_down_payment/

Where do they get the value from? I just got a random email from lending tree that says my house is worth 500k and I can borrow against the equity Ain’t. Gonna. Happen. We don’t need nor want to take out a heloc. But when I check my appraisal district, Zillow and others online the price they all quote my house is worth is a lot cheaper than what lending tree is showing. So where is lending tree getting their inflated price from? submitted by /u/LivingTheBoringLife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdy5sg/silly_question_when_getting_spam_emails_about_my/

Hi all, working and navigating a sale of my property so sorry if there’s already a post out there discussing this. My property (unable to get a certificate of occupancy without renovations) received a few offers, one all cash but 40k below asking, and another at asking with a seller concession but with a conventional renovation loan. Obviously I’m biased toward the higher offer, but there’s the risk of it falling through. It’s good that it isn’t FHA (less red tape, I’ve tried one before when buying and it’s a pain for all involved). Is a conventional renovation loan better/less of a roll of the dice? Note I have a mortgage on this place and higher offer will repay with some left over, which puts added pressure on making that work. Thank you! submitted by /u/fuckimbackonreddit9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdx943/risk_of_selling_to_a_conventional_renovation_loan/

“It’s the price” Done been dropping the price since listing non stop! I think the comps was way off to begin with and here we are now. https://www.zillow.com/homedetails/1280-Stow-Ave-Pensacola-FL-32503/44663033\_zpid/ submitted by /u/MrPrimeribs [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdoipx/why_is_this_house_not_selling/

Interested in a property in houston TX, agreed on a price with the seller and sent out the contract and things got a little messy. 1. They wanted to close super fast 2. Seller told us that they don’t want to purchase a new survey and if the title company doesn’t accept the one from 2022 that we would need to purchase a new one. Which we agreed to. Now that we agreed to all their terms the sellers agent told us if the title company says the property is smaller than what’s written then the price won’t be adjusted. My realtor is telling me that he’s never seen this and frankly I don’t have enough experience to know what’s going on. Looking for any outlook that can be provided. For more context this is 2 vacant lots that are next to each other and I want to build townhomes on them. Thanks in advance. submitted by /u/HPAX123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1td3nvg/red_flags_from_seller/

Looking for advice: Who could structure this deal? (Real estate attorney?) Has this been done before/what is it called? My mother just passed and my father is headed towards retirement. He’s owns their home worth approximately 2 million, 600K left on mortgage with a $4.5/mo payment. He CANNOT sustain this payment (and everything else that goes into a home) in retirement and wants me to figure it out for him. Plan: I sell my home, take the ~300K in profit, and use it to build an ADU in the back where my father could live rent and utility bill free. I move into the home and cover the mortgage. I would like to legally take ownership of the home day 1 (we are already co-borrowers on the mortgage, me + my dad). I would like an attorney to structure some sort of deal where I make monthly payments to my father (thinking $2K/month) to “buy” the 1.4 million in equity from him. This would give him additional $ because he will be living off of social security. Me and my dad are 100% on board w...

Hi, it's me again, the downsizing single parent. I know y'all dislike new construction, but these are the options. Which would you choose? #1 M/I $349k, $8k closing cost credits, 4.875% 3BR, 2BA, small loft Small strip of "yard" in the back, then hill sloping toward the house (making me nervous with the heavy rains we've been having...) 1 block from 5YO's current elementary school (but still have to drive/bus due to busy roads) South-facing main bedroom and driveway, north-facing all other windows/rooms Surrounded on three sides by farm land (1 private owner, 1 "buffer" land owned by Flint Hills, 1 owned by National Guard, city said no plans for development on any of these lands right now) Vibe is quieter but also isolated Closing date: early June, would list current home mid- to late June #2 Lennar $351k, $6.5k closing cost credits, 4.875% 3BR, 2BA, no loft (but bigger bedrooms) Flat yard backing up to other set of townhomes' bac...

So my kid will be attending UC Berkeley soon. My understanding is he is guaranteed only 2 years of housing. I've been looking up properties close to the campus. I see 1 bedrooms for a little over 500k My question is if I were to buy one these properties and planned on renting it out while my son doesn't need it. Does it make financial sense? Is renting, as a landlord, make financial sense? Will I be able to rent out out easily? submitted by /u/Guilty_Perception_35 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tcsu1r/landlord_question/

Our house has only been on the market for 4 full days, and we have 250ish views and 14 saves on Zillow. I have no idea how many of those we should expect before getting a showing. So far we’ve had none. My main concern is if our realtor priced us too high out of the gate. We’re building a house and have time to sell, but I also don’t want to sit on the market forever and take price cuts. Worried that we’ll end up going way low if we get under the gun to sell on timing. Our agent wasn’t very helpful with pricing ours out. He gave me some comps and asked me what I want to price it at. I tried to pick something middle of his range but honestly, that number was higher than I was expecting before I started the process. He also took the pictures of our house by himself, and they were horrible. So bad that I paid out of pocket to get someone here to take pictures for me. 150 of the 250 views saw the original pictures. Can anyone let me know if I’m overreacting or need to make some decision...

About to start the process of doing a full gut renovation on a townhouse and need to choose a contractor. We’ve had candidates already walk through the house with us, so they know what is needed. Thanks for any advice. submitted by /u/trevathan750834 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tc272t/what_questions_should_i_be_asking_a_general/

Our house went on the market on Monday. We had a showing yesterday and have one today. I really don’t want to decline any showings as we’re very motivated to sell. We have a 3 month old baby and are moving back home to be closer to family. We also have 5 cats. For our first showing we got all the cats and litterboxes out of the house and cleaned like crazy. We also had the home professionally cleaned last week. All of our personal items are out and the place has been completely decluttered. I’m an ED RN that works night shift. So, that means that I can be here when there are showings to clean the house and get the cats out. But it also means there will be showings when I’m supposed to be sleeping. For instance there is a showing this afternoon when I’m supposed to be napping before work. Instead I’ll be picking up the house, getting the cats and baby out. Fortunately I didn’t work last night but there will be some days where I have worked the night before and go back into work the ni...

Last week I put in an offer on a home that had been on the market for 682 days. Over 300 days at the current list price. I offered 6% under asking, which was inline with comps and given that the market had rejected their list price, a fair offer. It’s not that I didn’t expect them to negotiate. I did. There was a little wiggle room. Instead they decided to try to squeeze. They countered at only 1% off the list price, and they wanted to stay rent-free in the home until the end of summer. Um no. I could have countered back. But what they didn’t know what I was on the fence between their house and another. And sometime in that 48 hours they took to respond to my offer, my mind had wandered back to the other. So when the ridiculous counter finally came in, instead of answering it I simply made an offer on the other house. The second sellers were not so dumb. They accepted my offer with one small concession on my side. It only took them 2 hours. Deal done! I am now happily in contra...

Hello all! I inherited a double wide with a very nice amount of land. The double wide was built in 1991 and has a lot of major issues. It still has a mortgage on it. Around 57k left I can’t realistically afford a brand new mortgage for a new build but with how many issues the double wide has I’m unsure of my options. -Needs a new roof, it leaks -needs new drywall in every room, black mold growth on some support beams -needs outside siding replaced -exposed and weak subflooring (I fell through a few spots) -half of the house doesn’t have electricity -replacement of a toilet and two baths -the farther half of the house in sloped down at quite and angel and would need to be either lifted somehow or have one whole side of the house torn down and rebuilt anyways. -all windows are broken I’d love to have it rebuilt bit by bit since it’s my childhood home but I’m not sure it’s even saveable with the black mold issues and the sloping. And when I say a slope I mean like. Toes clean c...

I have a personal listing and am a licensed real estate agent but I don't do real estate full time. Since I have a full time career, I have the lowest tier at my brokerage which only gives me access to FMLS. I haven't had many views, so not sure if also listing on Gamls will make much of a difference. It will cost me significantly more to do so, so I want to make sure it's worth it. submitted by /u/Augatl [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tb75p6/do_you_think_it_would_make_much_of_a_difference/

Location: South Carolina Income: 80k + 5-7% bonus. Wife makes 600-800/mo under table otherwise shes a SAHM. Debts: 58k chattel loan on house. Started at end of 2020. 8% interest. 640/mo 3.2k credit cards. 4.5k Student loan. 1.8k 0% loan for kids braces. 2.8k 401k loan. 25k vehicle (4yrs left) 568/mo 13k vehicle (2yrs left) 505/mo Cash: 1.2k savings (liquidated in January for wife's surgery) 105k 401k (401k loan was 3k to cover rest of wife's surgery) 790+ credit score The gist. We live on her parents property. They live on 12 acres. When we were looking for land to put our manufactured home on, he offered. Or i should say, begged us to move out here. Pretty much said we could do anything we wanted. Treat the land like its our own. He just wanted his little parcel to mess around on and didnt care what we did with the rest. Turns out he definitely cared. The only stipulation was that we couldnt get a loan and tie in the land. He wanted to keep it in his name an...

I’m considering replacing the kitchen appliances shortly before putting the house on the market. However, I’ll still be living in the house until it is sold, so the appliances would likely be used for a few months before the buyer moves in. In practice, is there much difference between buyers receiving brand-new appliances versus appliances that are only a few months old? Would buyers generally care or view this negatively? submitted by /u/VAer1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tag1o9/replacing_the_kitchen_appliances_shortly_before/

Anyone know when the market in the DFW area might bounce back? There are 6+ houses for sale in our couple blocks (including us), no one is getting showings, pricing is at or below market price for the area. We get visitors at open house and they say the price is right. Other realtors have confirmed no showings, no sales. Friends 50 miles away (which is still the same market, welcome to DFW) confirm the same. Our realtor has 3 flips waiting to resell, my former realtor says the market is just as flat for her so it's not our current team. It's frustrating, time on market when we listed was 30 days. Then 45. Then 90. Now it's 'who even knows anymore'. submitted by /u/Chronosshotgun [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ta8ytr/dallas_area_market_recovery/

You might read all this and think "duh, you're so naive". Well, yeah, this is the first time I was going to buy a home and it seems like everything I heard growing up is no longer true. Our household makes 130k/year. The number looks like a lot and I know it's more than many households make, but it doesn't feel like a lot. I can't imagine what other households are doing and that sucks. My income was much lower before, so it's not like I was making 130k and saving for a super long time. In my area, central FL, even just ok houses in ok areas are like 350k. I always heard that I needed to put 20% down. 20% down on 350k is $70k. No way that was going to happen. But then I heard about FHA loans. 3.5% sounded like a dream. That's like 12k! Totally doable. So we go out and look for houses and we find one for 380k. It's a bit higher than we expected, but it's really nice. Going over the numbers with the loan officer and reality starts to kick in. ...

So…yeah. We were not looking to move, but a bigger house was listed on a beautiful street in a better school district, so we pounced and made an offer to close 6/15. We were told it was a pre-foreclosure, which is why we agreed to close so quickly and buy as-is. Offer accepted. Within a week, we paid earnest money, paid for a home inspection, and prepared to sell our current home. Earlier last week, we heard that the bank’s lawyers were not replying to the seller’s lawyers and to halt any spending on our current home. A couple days later, the day of the sheriffs auction that we were unaware of, we were told that all was well and we could proceed! Yesterday, we were told by the seller’s agent (who is also a friend of mine) that the house was sold at auction on Thursday. She said it’s not a done deal and the lawyers for the sellers and the bank will go before a judge and go from there. She also mentioned being able to buy it from the auction winners? I don’t think the odds are in our ...

I'm a couple of weeks from listing my house in a small town in a rural community. My Facebook is private, but instragam, with plenty of geo-tags, isn't. The house is distinctive, and wouldn't be hard for anyone to find. There's nothing damning there, neither about me or the house. But maybe the less personal info a potential buyer sees/knows the better? Should I change the IG setting to private before the listing goes live? submitted by /u/Familiar_Eggplant_76 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t98uvi/should_i_lock_down_my_socials_before_listing/

Hello there, My wife and I are looking for a house in the New England region and have been to a couple open showings. For reference, I am very tall (2m+) and we've been getting frustrated walking in some properties and my hair is brushing the top of the ceiling. Is there an easy way to tell from listings if a home's ceilings will be too low for someone this size or anything in the listing that is a red flag for low ceilings. Zillow and Redfin list length and width of rooms but never height! Just trying to save us from driving out to a house that are made for smaller folk. Thank you! submitted by /u/caputviride [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t97gnx/easy_way_to_judge_ceiling_height_from_listings/

Long story short, I’m just trying to help my parents retire. It’s overdue. Property has been on the market for over a year and was just relisted. I’m not an agent looking for free advice. I want to put in a level of effort that their agent may or may not be. I appreciate any advice. submitted by /u/CaffeineNicotine3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t88179/if_you_were_advertising_a_turnkey_business_in_a/

Long story short, I’m just trying to help my parents retire. It’s overdue. Property has been on the market for over a year and was just relisted. I’m not an agent looking for free advice. I want to put in a level of effort that their agent may or may not be. I appreciate any advice. submitted by /u/CaffeineNicotine3 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t880r6/if_you_were_advertising_a_turnkey_business_in_a/

Hello, can someone explain to me in basic terms how people sell their homes while still owing on the mortgage? I understand the sale covers the remaining mortgage but you still have lawyer fees and closing costs of the new place and how do you time it so you aren’t homeless in between? And is it even worth it with the market in the toilet the way it is? I know people do it all the time but I just don’t understand how it works submitted by /u/UncleDhraff [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t82wov/house_selling_while_still_in_mortgage/

Morning all, A few years ago I inherited my father's property. It's almost 2 acres in an area where the lots are small. I'm not a fan of the area and looking to sell and move. Directly behind me is a street of empty properties owned by a manufacturing plant that is across the street from them. So I decided to contact the company and offer to sell. I got ahold of their head of real estate acquisition manager and discussed my offer and if they would be interested. Didn't sound too promising but they asked I send them an email so I did with all relevant info along with an aerial photo with the property outlined. I'm also speaking with a commercial real estate agent to get it listed. My question with selling to a developer or a commercial business is this. What are some concessions I should look into asking for if we negotiate a lower price. Something like living there rent free for a few months after sale while I look for a place or hiring movers to move out the st...

Does anyone know if there are any sort of loopholes or caveats to CA prop 19 where a grandchild can assume the property tax of a grandparents home. The grandparent is deceased, the grandchild has been living in the home (while the grandparent was alive) for 2+ years, the home is also under prop 13 tax as well. Additionally if there’s no scenario where this can happen, can the parent (child of grandparent) and grandchild be on the title together? submitted by /u/djnatdred [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t6yo4j/ca_prop_19_grandchild_question/

is this legal? what are the pros and cons of purchasing a home where the seller raises the price then pays your closing costs? florida submitted by /u/CrazySmooth [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t75nd6/closing_costs_built_into_price_of_home/

I realize this is more or less impossible, but currently in a situation representing a buyer on the purchase of a home that isn’t fully compliant with the neighborhood’s CC&Rs, and wondering what’s the best way to go about this. The CC&Rs are black and white, but plenty of homes don’t meet the full requirements and there’s little enforcement aside from major issues. We asked seller for a letter from the HOA verifying compliance. The developer said they saw no “major” issues. We know there are plenty of little things that would add up if the HOA ever decided for whatever reason that all properties needed to be brought into full compliance. We followed up with listing agent asking for a list of violations and what enforcement would look like. Listing agent is afraid of opening up a can of worms. It’s unlikely that the seller would address anything before closing, but equally as unlikely that any noncompliance would be enforced or even addressed by the HOA. But five years down th...

We have an offer to sell our duplex in NH, but the buyer has a contingency to close on their property before the sale of our property completes. The real kicker here is that the buyers property is a commercial property that has been under escrow for several years as part of a large project by the state. The closing on the sellers property is supposed to close next week. So it seems very close. The evidence they gave for funds was the P&S of their commercial property plus an e-mail from the attorney about their close date. The offer is fora little over asking with an inspection/pest inspection contingency. We are a little antsy because we already had another offer fall through over financing. What else should we look for/ask for before we sign? submitted by /u/jascentros [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t69clx/nh_selling_duplex_in_ma_with_buyer_contingency/

I have an accepted offer on house being sold by an estate “as is”. I added an inspection contingency in my offer. The seller’s attorney and agent tried to talk me out of an inspection, which I found suspicious. The inspection was a disaster with several major issues and dozens of minor. I am fine with the minor issues but the major foundation and structural issues are $25-$30k minimum to repair. I requested a credit at closing for half the repair costs which I feel is reasonable. They refuse stating they have a backup cash/no inspection offer. Here is my question: Once the written inspection is provided to the attorney, agent and sellers, aren’t they now legally obliged to provide that to any interested buyer? An estate doesn’t have to provide a condition disclosure because they simply can plead ignorance but the inspection notifies them. I must mention that the selling price is right around current market value so adding $30,000 in repairs would not be a bargain. submitted b...

Hello, r/RealEstate I need some advice. I recently accepted a job in another city. My family and I will need to move about six hours away from where we currently live. We're currently in a suburb of St. Louis. Basically, we do not have the time or money to put much into our house to get it ready to sell. As far as we are aware, there isn't anything major wrong with the house. The roof is about seven years old and we've had no issues with leaking. The HVAC works perfectly fine. There are some hairline cracks in the basement wall, but none of them are deeply concerning as far as I am aware. There are a bunch of medium and small repairs and renovations that we'd love to do if we had more time and more money to work with. I consider medium repairs to be anything between around $500 to around $5,000. And small repairs are anything under $500. These are just my rough categories. Medium repairs/renovations: replace awful concrete counters and sink in kitchen landscapi...

Genuine question here, not just trying to bash anyone. I don't understand the value that they add. Situation 1: I want a small piece of raw land for sale. It would be an all cash transaction. I don't need inspections or zoning approval or anything of the sort. Just heres money, give me land. I email the realtor, no response. I wait a week, then email again. No response. I call during business hours, no answer. I leave a voicemail. I wait about a week then find the owner/seller on Facebook and message them about it. It's been on the market over a year, but apparently they have had "zero interested buyers." I tell them that I want it, I'm happy with the asking price, but can't get in touch with the realtor despite calls and emails. I give the seller my info and ask her to pass it on to the realtor to contact me. She says that she did, but I never hear from the realtor. I call and email the realtor again. No response. I posted about this frustrating e...

My husband doesn’t have the best credit history, and I’m a SAHM, but his income is good. With a no down payment program we qualified for $200k. And there’s just…nothing in our area for that price. I knew the market had gotten bad but this really gave me a reality check. In 2021 I was approved for $125k. And I had options with that. Ended up with a decent house that didn’t need any work. Now 5 years later $200k and there is nothing but trailers on land? We are in small town Indiana. Not the city or anything like that. We are discussing buying one of these crappy $200k homes and trying to fix it. I am concerned about actually being able to afford repairs. Everyone keeps saying the market is going to come down, it’s going to have to crash, etc. but I’ve been hearing this for years. Is it actually going to happen? Edit bc I’ve been asked the same thing a few times: The house I bought in 2021 was sold in 2022. There were extenuating circumstances and it was the best case scenario. No it ...

I was curious what the rising costs of renting versus owning were. Talking to home owners who says their monthly rates don't go up but renting does. This doesn't take into account rising taxes, maintenance and insurance costs. I compared 3 markets (florida, ohio, california) and this is the quick recap (time frame: 2020 - 2025): Of course, each market are quite different. Cost increases were higher for home owners in florida, slightly higher for renters in ohio, and lower for rent controlled renters in california (about the same for non rent controlled) This was eye opening for my friends because it dispells the myth that once you buy a house, your ownership costs do not increase. Side-by-side comparison Market Rent Increase (Typical Annual) Homeowner Cost Increase (All-in) Who gets hit harder? Fort Lauderdale 5–9% (volatile spikes) 6–10%+ (insurance-driven) Homeowners (long-term) Columbus 4–6% (steady) 3–5% (stable) Renters slightly Los Angeles 1–4% ...

Hey everyone I have a pretty important question to ask regarding finances. Situation is: *I have two 15 year old kids going to college in two years…one most likely on academic/athletic scholarship and one using reciprocity perk from work. *current home is worth about a million bucks, but I have projected repairs of nearly $100k over the next 5-6 years (roof, driveway, windows, etc.). Most likely will sell for about $950k. *Idea is to sell now and downsize to newer construction. Not as nice of a neighborhood, but still amazing. Not worried about resale value due to the crazy market we have in our area. Plan to be here another 10-20 years. New house is about $600k. *Will pocket and utilize small loan to have about $250k in liquid assets. Idea is to invest this now. I am in Oregon, married, and 44…. It sure how much I am going to get hit with capital gains. Also closing costs, etc. *Even with loan, my wife and I will be bringing home an additional $2500k a month after all bills and r...

One thing I feel like does not get discussed enough in real estate conversations is how much insurance, taxes, and HOA fees can completely change the real monthly cost of a house. A listing can look affordable on paper, but once you add in property taxes, insurance premiums, and sometimes HOA dues, the payment jumps way beyond what most buyers are actually comfortable with. In some cases, the house itself is not even the biggest problem anymore. The carrying costs are. What makes it frustrating is that sellers and agents often focus on the sticker price, while buyers are looking at the full picture. A home that seems borderline at list price can become a hard no once the real monthly number comes into view. I feel like this is one reason so many deals are getting stuck right now. Buyers are more cautious, and they are not just looking at what they can qualify for, but what they can actually live with every month. Anyone else seeing this become a bigger issue lately? submitte...

Hi, if I were to convert a current owner occupied single family into a 2 unit rental (both sides rented), would I need to notify the homeowners insurance company and mortgage company? Would I need to change the insurance policy from the single family to a 2 unit, and would they notify the mortgage company and would the mortgage company need to refinance me? Or would I just need to notify the insurance company that I'm renting it out 100%? submitted by /u/DanGleebitz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t47kry/converting_single_family_into_2_unit/

I am looking for homes for sale in Mountain Lakes, NJ. It's charming and seems family-oriented, but in my research I found that the town seems to be in a water contamination crisis. The town has PFOA / PFA forever chemicals that are 12x the national average and 2x the federal limit. They already shut down 1 of their 5 wells because it was so bad, and now a second well got flagged a few weeks ago. I think the contamination source is a superfund site at a military base a few miles away. This seems really bad for us, because my wife and I want to have kids and these chemicals cause birth defects. And with more wells getting shut down, it seems like its getting worse. Even if I filter at home with RO, my family is still going to get exposed at school or in the community / at the local restaurants. I checked the town council meeting and see that they are aware, but it'll take years to be remediated. Question for the group: How do you handle forever chemical contamination in yo...

I’m getting unsolicited, deceptive texts from a company in Texas called CooperZadeh Management. The texts say I inquired about a house in Anna (I most certainly didn’t), and they provide a link to their regional inquiry. I’ve seen this strategy before in other industries like pressure washing services; it’s deception rather than (or in addition to) incompetence. Are these deceptive texts acceptable in the realty world? If not, who do I report them to? submitted by /u/Word-Artist [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1t3hx9m/realtors_who_send_unsolicited_deceptive_texts/

I had my list of realtors narrowed down to 3 people. Neighbor recommend. Lots of 5 star reviews on zillow, etc.. Met her in person and seemed helpful and nice. I emailed her to tell her I was about ready to get started and haven't heard back in 2 weeks. Recommended by 2 coworkers. I found two bad reviews. Rest were all 5s. I messaged him on Sunday morning. As of very early Monday morning, have not heard back. I met at an open house in my subdivision. And she also lives in my subdivision (maybe 1 mile from my house). The house for sale had nothing special and nothing was updated yet it sold very quickly. She mentioned that she could help clients sell without them having to do much to the house. She seemed easy to talk to and was not pushy. When I tried to research her online, all I can find is her profile. I can't find any ratings - good nor bad. I like the fact that she lives in my subdivision but wondering how much weight that fact should be factored into my considerati...