We looked at a very tempting home yesterday. 1995 mobile home on 2.25 acres. Huge unattached shop. Huge carport. Good price in a HCOL area. The catch : The listing agent says that the place is ineligible for a mortgage because the mobile home was moved once. Is this a valid reason for all banks to reject a mortgage ? Or are they maybe hiding something else ? Any thoughts specifically on the danger of moving a mobile home ? submitted by /u/Balmerhippie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uby4aa/mobile_home_was_moved/

In the northern suburbs of Atlanta, selling my condo this coming fall or winter so we can move to a bigger single family home. There are 6!!! Condos in my tiny neighborhood for sale right now that have been sitting anywhere from 2 weeks to 3 months. Am I doomed? The HOA fees are high, but every condo community here is the same amount so I can’t imagine that’s the reason condos are sitting. submitted by /u/Flora48 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ubd1om/selling_condo_am_i_doomed/

We recently purchased a 4BR 2.5 BA home in suburban Atlanta. The home is a classic 1940s era ranch with a finished attic space that contains a master bedroom, a 2nd bedroom/office, two medium size closets, and a very small bathroom. The master bedroom is a nice size, but the bathroom is pretty sad and only accessible through the master bedroom. We are considering converting the 2nd bedroom (which is about 10x13) into a nice master bathroom, and the existing small bathroom into a laundry room. So, we would lose a bedroom (which is a pretty useless room the way it's now configured with no bathroom access) but convert the entire upstairs into a master suite that includes a 2nd floor laundry room. We would then have a 3 BR 2.5 BA home, but one of the bathrooms would be exquisite. What do you think this would do to the value of the home? Increase, decrease, stay about the same. We do not need the 4th bedroom but thinking of selling the home in about 5 years. Thanks for your thoughts! ...

Bought a house with a septic tank and I like to shave over the sink. 99% of the hair is no longer than an eighth of an inch. Any larger beard cuts going into the trash. Is this going to be an issue? submitted by /u/luckysparkie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uatn6j/razor_stubble_in_a_septic_tank/

Greetings! We listed our house two days ago but have an open house this weekend. We've no showings requests. Is it possible this is because of the coming open house? Does that tend to reduce inquiries for showings? submitted by /u/SonOfQuora [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ua50p0/less_showing_requests_before_open_house/

TLDR: How much should I ask for to fix 11 door/doorway casings and ceiling drywall for one room (150sqft) on a home that I’m currently under contract on? Full Details: Trying to get advice on a situation I’m in. After going under contract, there was water damage in the home from a water line in the attic. It resulted in the flooring and ceiling in the master needing repairs. The new floors led to gaps between door casings and the floor. The homeowners sons have tried to fill the gaps with matching casing and caulk but it’s terrible work. For the ceiling, instead of completely changing the ceiling drywall or retexturing the ceiling, more mud was thrown on to try and match but it looks like garbage. We’ve extended closing once already but at this point I’m tired of giving them time to handle it and am moving towards just asking for concessions so I can bid out and have the work done myself. submitted by /u/SoMuchNic [link] [comments] source https://www.reddit.com...

My wife and I are planning to purchase a house and sell our existing condo. We're trying to figure out the best way to make this all line up if we cannot put selling the condo as a contingency on a purchase agreement. Combined income is $225,000 gross. Current condo should sell for ~$550,000, according to our realtor. We owe $212,000 on the mortgage. So figure that after closing costs/realtor fees, we would net $300,000. We are looking at homes between $800k-$1m. We have $180,000 in various taxable brokerage accounts; all would be subject to long terms capital gains tax. I have $350,000 in a 401(k) and $60,000 in a Roth IRA. I checked the specifics of my 401(k) plan: I can take a (max) $50k loan at "12–60 months term at 6.75% interest"; and it specifies that "If you leave [employer] for any reason – including as a result of a layoff or workforce reduction – before the loan is repaid, you can continue to repay the loan." Wife has $100,000 in various retire...

Would you have the option to sell the house from your mom for the equity which makes it possible to buy realestate would you do it? Its a one familiy house, prob. worth about 1.4 Million. This would give me enough to buy residential buildings. As work I do draughsman which could add to own contribution to bring the finance plan from the bank down… Would you do it? How would you do speak about it with your mom? What deal would you set up with your mom so she has enough to live good good? submitted by /u/Dangerous_Ad7101 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u7jpvq/selling_house_from_mom_to_reinvest_buy_real_estate/

We are considering selling our home. It was a major fixer upper when we bought at 150k. We owe 120k and the estimated value is some 220k give or take. The realtor heard our list of remaining updates and fixes and said just to let the future buyer deal with it because ROI wouldn’t be nearly worth the money spent. Here’s the list of updates we were planning: 1) Windows. We have VERY old metal framed windows. Some are broke and they’re extremely inefficient for insulation etc. 2) front and back door replace and reframed. These are both on semi broken hinges and the framing is horrible leaving gaps at the tops. 3) kitchen backsplash. I get it’s not necessary but the kitchen is unfinished and looks unfinished because of it. 4) changing out old hollow interior doors for solid wood doors. Mostly for us but we’ve done this with a few and the noise reduction is just so noticeable we thought it would be a welcome feature compared to the super thin 80s doors we have. 5) Entry way accent wal...

My fiancé and I are selling our current house and purchasing a new house. We need the funds from our sale to put towards the closing costs of the new house. HELOC and bridge loans were not financially feasible for us so we tried to make our sale/purchase contingent on each other for a bit. We had a couple buyers ready to go but the contingency was killing our offers to purchase houses listed for sale. So we recently decided we would sell first so future offers wouldn’t have the contingency. We considered renting, but in our area it is expensive and difficult as we have 2 cats and 2 giant breed dogs. So we decided to move in with my family temporarily. My parents are clearing out my old bedroom and we will keep our furniture in storage until we find the next place. Has anyone done this before? Any regrets going this route? On one hand I’m so thankful that my parents offered to help us in this way, it lets us save some money and solves the pet issues we ran into while looking for rental...

Hi, I wanted to check if there is anyone here who has succesfully registered their site in Gnana Kuteera Phase 1 after making the investments with the society? Did they allot the site without asking for more money than the originally agreed upon amount? How much was the registration delayed? And what is your advice in investing in Phase 2? Also, if you are someone who has invested in Phase 2 and know of any groups or interested to create a group, please let me know! Thanks! submitted by /u/ArchVeg [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u8k7ti/looking_for_people_who_have_registeredinvested_in/

I'm deathly scared of lifestyle creep and truly need a “come to Jesus” gut check here. And yes, we have spoken to our financial advisor, who did not give us a “red flag, abort, don’t do this.” But I still need a stranger’s confirmation or outside opinion and thoughts. This is essentially a debate over a “$525K Super Easy Mode” home vs. a “$675K Better Long-Term Fit” home. Us: Married couple, late 30s, both employed, one child and maybe another in the future. Neither of us is planning to become a full-time stay-at-home parent, but we have really valued the mental flexibility. Jobs are stable. Net worth is about $1.4M. We bring home about $16K/month after taxes, before retirement contributions. No debt other than current super tiny mortgage. Current situation: We've outgrown our home and need better schools. Will sell it. Currently have roughly $7,500+ leftover each month after all required expenses, maxing retirement accounts, and pretty much buying what we want when we want ...

I suspect that many of the reviews and recommendations on social media platforms like Reddit, Nextdoor, Yelp, Facebook groups, and others are fake and manipulated. As both a seller and a buyer, we made mistakes by selecting realtors based primarily on reviews. Consequently, we ended up with some of the most incompetent realtors, and we paid the price for our poor choices. submitted by /u/Altru-Housing-2024 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u7tq4v/do_not_trust_realtor_recommendations_on_social/

We are finalizing the process to start building in the very near future. The real estate market is ridiculously hot right now, so we are planning to list our house in the next couple of weeks. This will result in needing to rent a place while our new home is being built. It should also allow us to pay cash for the entire process instead of having to take out a construction loan. ​ For anyone who has done this, any tips? We're not jazzed about moving twice but I'm trying to remind myself that the 2nd move should be easier since a lot of our stuff will already be packed because we will only take essentials to the rental. submitted by /u/motormouth08 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u6z0ex/selling_then_renting_while_new_home_is_being_built/

I’m in PA. My elderly aunt talked to a buyer for an As-Is sale. They “offered” to come have a look and got her on contract same day. It’s a bad contract with zero protections for her and leaves her open to liability for issues with the property despite saying is an As-Is sale. No money has changed hands and she’s 80. Can we rescue her from this shady buyer? Is there a 24 take back in PA? Can she cancel due to no $ and contradictory terms?? submitted by /u/Fern-green7 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u6idbf/help_elderly_aunt_signed_bad_contract/

I live in a super HCOL, high competition area. I’m wondering, do deals fall through in these kind of areas? It seems like buyers in this market would be super prepared and ready to pull the trigger once they find a suitable home. Honestly just wondering! submitted by /u/iloverats888 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u6eqhf/do_deals_actually_fall_through_in_high/

House is a beautiful Victorian built in 1910 but has no central air, just window units. The house is empty and the seller has already moved out of the country. Both times we’ve visited, to view and then for the inspection, the ACs were off but a single dehumidifier remained on in the basement. The inspection flagged old water damage with no active leak but some peeling paint. I’m almost positive that the peeling paint on the ceiling was not there the first time we looked at the house and am now concerned that it’s a result of no one living in the house/running the AC/airing it out. The gutters are also clogged and some trees need to be trimmed, we’ve been having a lot of storms so I worry that if left as is for the next 2 weeks I will walk into a horror show on closing day. I’ve texted my real estate agent about this but haven’t heard back yet. submitted by /u/brattynattylite [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u5q5yj/seller_is...

I’ll start with saying I REALLY like/want this house, but not at all costs. It checks all my boxes and then some. Located in WA state in a town where market is softening, but this house is an outlier. It’s in a very desirable neighborhood where houses rarely go on the market. It’s been on the market for only 11 days Listed at $365k 2bd/1 bath, ~1800 sq ft and there’s a lot of potential for adding value in a neighborhood that can support it. (Houses next door are estimated at over 1M) Beautiful 1920s craftsman, in decent condition but needs some work and updating, (refinishing floors, will probably need a new roof in 5 yrs or so). I can do a lot of the work myself. I know with old houses things are bound to be discovered during inspection. I made a cash offer for $350k and sellers agent said there was another offer that came in and is asking if I want to change my offer. Thoughts on what I should counter with? submitted by /u/Bananenpannenkoeken [link] [com...

I’m trying to buy out a co-owner and keep a jointly-owned property. We had an appraisal done, but the other party disputed the value and had the report withdrawn. I’ve tried to get a realtor CMA (offered to pay for it) but haven’t had luck finding one willing to do it for this purpose. Lawyers are now negotiating a new appraiser. In the meantime, I’m trying to get a better sense of the local market—any insight on recent trends/comps in the Pittsboro/Chatham County area would help. submitted by /u/Certain_Steak_799 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u4psua/can_anyone_provide_insight_on_the_housing_market/

Hi everyone, Currently selling my home in MA. We have a buyer, and we're suppose to close on June 30th. Buyers have signed the p&s (given 2nd EMD), performed their inspection, did the appraisal. We had a loan commitment date contingency which was June 12th, but my agent reached out and said buyers are requesting an extension (2 business days) until June 16th, that they're still in underwriting. Is a loan commitment extension normal during a process? Other than this, buyers have been pretty good and easy to work with. submitted by /u/astral_soul [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u4ondd/is_a_loan_commitment_extension_normal_or_redflag/

So we're looking at a home, 2 bedroom ranch built in the 1940s. When we went into the basement there were cracks in one of the walls and we were told the issue is being repaired, new beams are being put in, structural engineer had his plan laid out and signed off and seller is doing this before the home closes. This is in an incredibly competitive area in NJ. Is this a huge deal? Our realtor said it's not uncommon in this area but curious on the thoughts of others. Thank you submitted by /u/scarf682 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u4ehe8/seller_is_having_new_beams_put_in_with_a_30_year/

Hello all, very new to this Sub but am asking for a friend who lives in Illinois. Grandparents want to leave ownership of their home to their granddaughter and it seems that TODI is the best way to do this? Both grandma and grandpa are on the mortgage and house title, how would a TODI work if the house is under two people’s names assuming their death happens at different times? Thank you submitted by /u/BalloTheWise [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u4b6we/todi_illinois_question/

What have you seen go well/ go badly when a seller has an attorney close on their behalf? Trying to avoid very long, expensive flights. Thanks! submitted by /u/SmartyChance [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u451bz/using_an_attorney_with_power_of_attorney_to_close/

I remember back in 2018 when interest rates were going up and the average SFH was $750K, it took over 80 days to sell a home. The pandemic changed all of that with ZIRP and out of towners moving here due to remote work. 2023 and 2024 was still strong because of the gains from the stock market. Then, the market softened in 2025 with the layoffs. Now, things are much worse, and I can't believe the investors, hedge funds, and private equity firms are buying up real estate here. So who is? submitted by /u/Succulent_Rain [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u3mv1s/who_is_buying_orange_county_real_estate_in_2026/

Closing on the house Monday and finally got to look at the final CD after work. Everything i guess looks okay except for my realtors commission, which is 3%. The seller is paying 2.5% of his commission (stated in the contract to buy the home) which leaves me paying .5% of the sale price ($355,000) which means i should be paying a commission of 1,775, but its listed as 2175 on the CD. I asked my realtor and he said theres admin fee or something along those lines, but my buyers agent agreement only states the 3% commission and does not disclose any additional fees. Am i right to request the additional $400 to be removed? submitted by /u/MonsterMash_479 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u3ecjp/final_closing_disclosure_help/

I made a cash offer (I'm the buyer, no agent) on a piece of land. I have done FSBO before and am good on the research there. When the seller's agent responded with a counter offer, they asked if they can put down that we are "represented" by them and said it does not change anything, no commission changes, etc. Is there actually ANY sort difference? Any legal difference? To clarify: I'm buying, no agent. They are selling, have an agent. submitted by /u/jazifritz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u3d355/does_it_matter_if_sellers_agent_represents_me/

I posted a few days ago https://www.reddit.com/r/RealEstate/s/EzFx7lnDBL Thanks for all the advice. Yes I am / was 100% emotional about the situation and trying not to be. Our lawyer updated us the seller plans to stay 30 days after the suggested closing dates ( July 15 now ). He cannot find housing for himself, 2 kids and a dog. Now I feel Terrible and everyone here is in a bad position. We may offer to foster the dog since that seems to be a huge issue for the sellers, or just walk away after 30 days. I don’t know but either way I feel a whole mix of emotions; angry, annoyed, sad for the kids and dog, over the whole thing et. submitted by /u/Effective-Tax-9183 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u34cpj/seller_dragging_out_closing_continued/

I'm shopping in many different regions of the US and sites like Zillow don't offer any way to contact agents other than the first one I started working with. I've already asked her for referrals in the areas outside her territory but she doesn't always have one to offer. Does Zillow just assume everyone only shops in one territory at a time? How are you supposed to connect with agents in other regions? submitted by /u/isaacmarionauthor [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u26b5z/how_do_you_work_with_agents_in_multiple/

NBC News interviewed 20 residents of mobile home communities in four states. They described worsening conditions and conflict after takeovers by big companies. https://www.nbcnews.com/news/us-news/bugs-black-mold-mobile-home-park-residents-see-investors-buy-rcna343754 submitted by /u/nbcnews [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u238xh/bugs_and_black_mold_what_some_mobile_home_park/

At what distance do they lower home value? submitted by /u/fueledbycoffee95 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u1vrs0/data_centres/

What do you personally think would be considered a lowball offer? If you're a realtor, what is your experience with what sellers perceive to be low-ball offers? Does it have more to do with the percentage off the asking price, or the actual dollar amount? It seems that as home values go up, people still perceive specific dollar amounts below asking price to be insulting. For example, offering $50k less than asking on a $250k house is 20% off but it's roughly only 7% off a $650k house. However, it seems sellers have the same visceral reaction to the dollar amount requested off regardless of asking price. submitted by /u/BellLopsided2502 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u1ge1f/what_is_considered_a_lowball_offer_to_you/

Hello, I have an issue. I’m selling my home for 200k which I and my realtor believe is more than fair for the home. We had an inspection and everything came back perfect. The survey came back perfect as well. The problem came with the appraiser. It came back $174. I have cameras around the house, so I was able to receive recordings and timestamps of his visit. He was scheduled to perform his appraisal from 12pm to 1pm. He arrived 30 minutes late and spent 5 minutes outside and less than 5 minutes in the house. He only walked into one room and neglected the two bedrooms and bathroom. We was in and out in less than 5 minutes. In total he was at my house for just less than 10 minutes. My realtor was shocked to hear this. Was I treated unfairly, or is this par for the course? submitted by /u/JosephCraftHD [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u1cdnt/appraisal_can_back_lower_than_selling_price/

So I’m currently looking at a house for me as a primary residence not as an investment. I’ve seen alot of things I really like but when I look at the numbers I’m just like what is this person thinking I looked at 4 places in two communities and it’s almost like people don’t look at comps In one subdivisions one place is listed at 440k, the other at 460k ( that one been on the market over a year) the last identical unit sold for 400k In the other subdivision their asking 475k ( dropped from 500k) most recent one that layout in sane area sold for 445k and of last year Are people today just making up numbers, or is it a my area problem. Like the one listed for 475k ( which o actually like and will make an offer on) has called my realtor a few times asking if her client is still interested so the market seems to be agreeing with me submitted by /u/Thick_Cookie_7838 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u1a9gq/do_people_nowadays_j...

Our house has 2 floors and a basement and was built in the 90s. Has no issues but we had to repaint some rooms because the colors were a bit too exotic (orange and red). Our realtor sold another former home of ours in a different town in like 3 days, and we've had almost 10 showings but only one with feedback and the person thought it was too expensive (700k range). We've maintained our lawn, tidyed up the house before every showing, and tailored the interior better to the average buyer's interests, took better photos (although the photographer for some reason took photos of the attic with a bunch of junk in it and we got those removed after 2 days and 2 requests to the realtor to have them taken down on zillow), and still nothing. A friend of my mom's theory is that theres a bit of a real estate "mafia" in our town and that they all know each other and sell their homes easily, while our realtor is from a different town and not part of the "club". Ou...

As title states, was supposed to close the 15th. We didn’t hear any updates from our lawyer so we reached out last week for her to get us an update. The seller is now having trouble finding housing as they want to stay in the same school district and also going through a divorce. Now it’s a real possibility this can go past the legal 30 days. We’re in NY state. Our lawyer had the audacity to tell us we have no say in the matter and to “just stay with family and friends” if this goes past the 30 days. WTF?! I’m so mad I want to fire her. Is this not the totally inappropriate thing to say to your clients? Our lease is up July 1st. We gave our notice, we have nowhere to go and she says this?? submitted by /u/Effective-Tax-9183 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1u083r9/seller_is_dragging_out_the_closing/

hello! my partner had a trust fund from her parents divorce and bought the house we currently reside in with that money. her mom was an executor of the trust so she had to be there with my partner to do the sale. my partner and her mom are the only two listed on the deed to the house because of this. we do not owe on the house and do not currently have a mortgage. we’ve been talking about the future, wills, and things of that nature. that prompted the conversation of the house as i would not legally have any right to the house if something should happen to my partner. my partner says the only way to get my name on the house is to get a mortgage in both of our names. i do not want to have a mortgage on our house at all but i don’t know a better way to go about any of this. do i really have to have something leveraged on the house in order to get some ownership? thank you in advance 🙂 submitted by /u/Open-Estate3233 [link] [comments] source https://www.reddit....

FTHB here. We are interested in purchasing a house, currently listed at $490k (originally $520k). House is a new build, sitting on the market for over 130 days. After seeing it with our realtor, we loved the house, but could also see why it was sitting for so long (steep hills make 2/3 of property unusable, road noise, far from the city, actual house size). Our realtor advised that the builder would probably take $475k, but we are having a difficult time seeing that price in this home (the fact that it has been on the market for this long shows others would agree). We are considering offering $440k. Whether how that is structured is up for negotiation ($460k + $20k concession, $450k + $10k concessions, etc.). Where I’m conflicted is this… if it was simply me and the builder negotiating, I would have no problem asking this price. But after asking the realtor’s opinion, and considering that she is the one that has to stick her neck out there for us, I am having a moral dilemma asking thi...

submitted by /u/jkrm1920 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tyqgpy/is_it_a_good_time_to_consider_purchasing_house_in/

How to buy a Real Estate at Auction..? this is not an advertisement. It is just a conversation on how you may buy a home or piece of land if you see the property advertised that option. Maybe I can help you out with some insight. I’ve been seeing a massive surge of the buyers interest in real estate auctions lately (especially with people trying to find deals in this market). But there is a terrifying blind spot happening right now: Many traditional real estate agents have absolutely no idea how auctions legally work. I can help clarify… you do not have to fire your Real estate Agent, just ask them to get informed… If you are looking to buy a property at auction, even though I can’t give you legal advice maybe I can give you some guidance…? Anyone , butler..? submitted by /u/AmericasAuctioneer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tyjews/questions_about_real_estate_auctions_unconfused/

First-time home buyer here having signed a contract on a property for $188K in WA with a pass/fail inspection (period runs through Monday). Inspection this week uncovered that the hot water heater broke and the space it's in and the subfloor are damaged with some mold. A quote to repair the space + install new hot water heater is ~$3K. My agent first suggested the seller would cover 1K, and I would cover 2K. Now she's suggesting an even split, and the selling price increases to $189,500. It seems like she's really not acting in my best financial interest. For one, she is the listing agent's mother. Furthermore, at the mention that I was thinking about getting an inspector outside her recommendation, she asked if she had offended me, and then claimed in a raised tone that "I am very ethical", which was pretty embarrassing, extremely unprofessional, and a manipulative pressure tactic even at its most generous. I did end up going with her inspector because h...

I bought my house in 2015 for $126k with an FHA loan. It’s now estimated around $213k, and I owe about $96k. I’m considering selling next year and renting for a while. I know rent may cost more than my monthly mortgage, but that’s not really the issue. I’m house-poor, carrying too much debt, and my margins are too tight. I’m 40 and down to less than $100 in my bank account after an emergency vet visit last night. My mother keeps telling me that if I sell, I’ll never own another home, and that renting will be a disaster because I’ll be at the mercy of a landlord. Why do people keep telling me this would be a huge mistake if the goal is to get out of debt and reset financially? submitted by /u/Agitated_Pudding7259 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ty231v/broke_and_thinking_about_selling/

Seller bought the house 10 years ago. they claimed no asbestos. seller strategically placed items all over the house to cover up holes and weird things including a heavy as fuck armoire blocking the attic access. once in the attic it was half done with new insulation and half filled with the original vermiculite. im confident that they very much knew about the vermiculite either when they got their inspection done or when the insullation guy dipped oit halfway through the project. this is Illinois so the inspectors are all licensed so their guy would have known. anyone ever deal with this? sorry for no caps, iPhone keeps turning it off… submitted by /u/Mobely [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1txzc8o/can_i_sue_seller_to_get_inspection_fee/

The text highlights a massive blind spot in the real estate industry: **many traditional real estate agents and brokers simply do not understand how real estate auctions work**, even though they are legally obligated to have "subject matter expertise" for the services they provide. According to Myers Jackson a “Real Property Auctioneer” says that The core can be broken down into a much clearer, actionable explanation of how real estate auctions operate and why the standard real estate rules don't apply. ### The Golden Rule: "The Fall of the Hammer" In a traditional home sale, you submit an offer, negotiate back and forth, sign a contract, and then use a contingency period (usually 30 to 45 days) to do home inspections or secure a mortgage. If you find a problem, you can re-negotiate the price or walk away. **Auctions completely reverse this timeline.** * **Before the Auction:** This is when *all* your homework happens. You must view the property, read the ...

We're looking at a nice newer construction home, it's perfect for our needs but I'm a little worried about resale with the bathrooms. The main bedroom on the main level has an ensuite bathroom, and the three bedrooms upstairs only have one shared bathroom. It's pretty big, double vanities, water closet, but still just one. I think that's fine for our small family but this house isn't cheap and I'm worried it'll be a problem when we go to sell it in the future? The house is 3,100 sqft 4/2.5, there's a half bath on the main floor. There's also an unfinished basement that's plumbed for an additional bathroom, but there's no fixtures or anything. submitted by /u/dessertgrinch [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1twqlih/buying_a_house_with_2_bathrooms_for_4_bedrooms/

I'm in Virginia. After my inspection, I asked to have money taken off the price due to the number of problems in the house. Their reply was that the price was already low because they knew that from the start. They agreed to take only $2000 off the price. This $2000 price reduction happened at closing. Now, when I look at realtor.com, it says the house sold for the price before the $2000 reduction. Why is that? submitted by /u/mlmiller1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1twn6jo/question_about_money_off_price_at_closing/

Trying to get a real read on what's happening with home values in Lafayette CA, not the Zillow estimates which feel all over the place. We're relocating from Seattle and have been researching for about four months. Everything we find online either lags by six months or is clearly written to push us toward an agent. Specific things that are genuinely confusing us: the spread between asking and closing prices seems unusually wide. We see homes list at $1.4M and close at $1.55M or higher. Is that consistent right now or are we looking at outlier data? And does Lafayette track closely with the broader East Bay or does it do its own thing? Any grounded perspective from people who actually bought or sold there recently would help a lot. submitted by /u/GetRekt1o1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1twivlb/what_are_home_values_actually_like_in_lafayette/

Initially I planned as call analytics platform for tele callers in real estate. Then I noticed that instead of just doing call analytics and getting replaced by gaints or as feature updates in crm, how about we can go this as a revenue intelligence platform. like for now just going on vertical only for real estate. The calls are transcribed, speaker-separated, analyzed, and linked to the actual business outcome of that lead, such as site visit booked, site visit completed, booking made, lost lead, or follow-up pending. Over time, the platform accumulates hundreds or thousands of conversations and begins learning patterns unique to that company. Instead of simply saying a customer sounded positive or negative, the system discovers that leads mentioning bank loan approval convert three times more often, that top-performing agents consistently ask certain qualification questions early in the conversation, or that a large percentage of lost leads mention family approval but never receiv...

I've seen tons of posts lately that are basically questions about if they should rent their house out or sell it. A lot of the questions people are asking have nothing to do with the real economics of being a landlord, and instead are in the weeds about original loan terms, etc. I want to separate out a few things first for people. First, you do your mortgage through something like FHA, VA, etc., do a very low down payment, and they require that it be your primary residence from the time you close. They also require that the house appraise well and be free of defects that would keep you from safely inhabiting it on the day you close. It is OK to have your circumstances change though. It is OK to live in a house you bought FHA 5 years ago and later on rent it out because you got a new job out of state or your family grew, whatever. BUT what about the economics of it. As a basic "table stakes" thing, you aren't going to be renting something you have basically no equit...

Several years ago, we bought a house in a great area, great neighborhood. It's the last house in the neighborhood that only has 1 bathroom. Plan was we were going to add on a bathroom and walk-in closet to create a master suite. Plans have changed and we now want to and need to sell as we are moving out of state. Now the foundation failed, causing multiple issues. We KNOW this house is a tear down versus full remodel now. 'Fixing' the issues the foundation failure caused would bring it back to baseline and would not increase the value beyond baseline, as every other house in this desirable area & neighborhood has either undergone full remodel to bring up to standard (at LEAST another bathroom) or been torn down to build a house to over standard. House is livable, foundation has stabilized, but there are cracks throughout the house. I would not expect anyone would want this house to live in as is, because aside from the new cracks, it still only has 1 bathroom. WE did,...

I own a house in Springfield I need to sell, but it needs work and my timeline is tight. Do I fix it up and list with an agent for top dollar even if it takes 60+ days, or just sell it as-is to a cash buyer with no repairs and a closing date I choose? I know a cash offer comes in a bit under market, but isn't that fair if speed matters more than the last dollar right now? For anyone who's done this around Eugene/Springfield, what should I watch out for? How do I tell a real cash buyer from a middleman, and is it normal to get a no-obligation number first so I can compare it against what I'd net by listing? Any honest advice would help. submitted by /u/Great_Witness_1871 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tvqcjp/selling_my_house_that_needs_repairs_what_are_my/

First time selling, anyone got any tips on how to get started? Do I list it somewhere, who do I approach for help? submitted by /u/Leobluetrailmap [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tvms5e/sell_a_house_in_nw_indiana/

Genuine question because I’m feeling a bit stuck. I’m looking at property in an area I don’t know especially well and after a while every listing starts sounding identical. Every agent says it’s a “great opportunity,” every suburb apparently has “strong growth potential,” and honestly I don’t know how people filter the noise. I’ve been reading different opinions and comparing options, mostly because I’m trying to understand how people handle due diligence when they’re not local. Curious how others approached this. Did you trust your own research, rely on local contacts, or get outside help? submitted by /u/Dima030 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tuxaa9/how_do_people_buy_confidently_when_they_dont_know/

So for some background I’m in the process of buying a house that needs some rehab work. We did the inspection about 2 and a half weeks ago and found out lots of the work that was “done” was done wrong and wasn’t up to code and my contractor would have to go back and redo lots of it. My realtor and I decided that it would be reasonable given the circumstances to ask for 14-16% off my offer price because the costs to fix the “completed” work was great. After a few back and forths the seller himself had a call with my realtor on Friday and rejected our number and said he would get us a number by the end of the weekend. It’s now middle of the day Tuesday and we haven’t heard anything and my realtor thinks we should send over a release of contract if we don’t hear anything by the end of the day. However, I really really love the house and after a lot of thinking and deliberation with close friends, family and my significant other who would be living there with me we decided we are willing ...

Any advice is appreciated: We put an offer in, the offer was accepted, and inspections began. During the week after they accepted our offer, the sellers hired someone to move out their furniture and in that process the wood floors were severely scratched up. In the negotiations, our realtor pointed out the floors had been damaged and we would like a mere 2k to compensate for the damaged hardwood floor, as they were in better condition and not scratched when we put our offer in. The agent/seller said they are going to give us “nothing” when we initially asked for a total of 17k from the inspection report (there is a TON of dry rot, and many parts of the house that have not been updated since they moved in early 1980’s), so the 17 k was actually a low ball estimate, but we really wanted this house. The agent rejected the 17 k with no counter, and then we came back and decided ok, we still want this house, we will take the hit for the dry rot ourselves, but at the very least, can we get ...

We bought a house in 2022 (in a seller's market) and then sold it today (somewhat of a buyer's market here in Texas). We used the same realtor both times and she was amazing, even though we were on the more difficult side of the market both times. Obviously she got a decent payday from us both times, so I don't feel like we owe her anything more, but we were thinking of writing her a thank-you card and dropping it off at her office. Would it be appropriate to include a gift card or something as well, or would a thank-you card alone go a long way? submitted by /u/Cold-Priority-2729 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tu8xmv/getting_a_thankyou_gift_for_realtor_after_closing/

If the local MLS in your area experienced a 20% reduction in staffing levels, would you want to know about it? Would it change how you interacted with their remaining staff? submitted by /u/MimosaVendetta [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ttw6e3/local_mls_staffing_levels_changes/

It’s been four days since we put an offer on a house we love, in the mid-Atlantic. The home has been on the market 42 days, and comps show the home is $5-$10K overpriced. We did hear from their agent on Friday afternoon that the seller wanted to review the offer with her daughter, and she was waiting on the outcome of another showing. But we’ve heard nothing since. OFFER: Full price ($405K), cash. DEPOSIT: $15K INSPECTION: No repairs or credit unless over $5K (we don’t expect there to be any) CONTINGENCIES: We settle our current house on 6/12, so settlement contingency. BUT…my mom has to sell and settle her house still (it’s listed), so there’s a sale contingency as well. We’re offering an agreement of sale deadline of 6/30 on my mom’s home or the contract is void. We also included a kick-out clause, which allows the seller to continue marketing and showing the home and receiving other offers. We’ve provided proof that our home is under contract and estimate of net proceeds follow...