I had a 9 month old baby when we first toured our current house ten years ago. I liked how the house already had high-quality child locks installed on all the cabinets. it also had little those soft bumper pads already installed on the sharp countertop and cabinet corners. as a new mom, I felt like the house was just so ready for our family. we loved the layout, location, schools, but I also loved seeing those little child safety things everywhere. of course, those things would have cost like $20. but they made the house seem extra welcoming to me as a mom. we bought the house. loved it. now ten years later we are selling. I’m finally unscrewing all those locks, but thinking I’ll keep them on the cabinets under the kitchen sink. is there anything that charmed you into buying or almost buying a home? submitted by /u/SitaBird [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v2tbmi/weirdunexpected_things_that_influenced_your/

Attended an open house and noticed mold in the finished basement. It does look like it’s seeped into the wall, cabinet, and tile floor. Listing agent seemed surprised and texted the seller while we were there. Turns out the seller said the mold has been there from the original owner. A small appliance on the floor leaked in the bar area in the basement. The original owner lived there for 20 years. The current owner/seller has been there for 5 years. I’m kind of concerned because my agent and their agent are pushing us to make an offer with contingencies. It just seems like a risk if the mold damage is extensive. Is this a red flag for the property over all? That both sellers just let the mold there? Like what else has been neglected? This is almost a $1m house. We love the house location, layout, and finishes but I’m weary. submitted by /u/GlitterBombBomb [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v2rg5w/is_this_a_red_flag_mold/

Hi everyone, I've renewed my license a few years ago and I've jumped back into the Real Estate world. I did join a smaller independent brokerage that doesn't have much training but they offer 100% of my commissions while they get $500/transaction and extra if I use their escrow and title. They don't have any real training. Most of their agents are all seasoned and know the drills. My request is for suggestions to links and sites that may help me catch up would be greatly appreciated. Thank you. submitted by /u/sidesaladdressing [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v2oici/renewed_california_re_license_requesting/

question in title. House is on a hill. front of house faces east. Back faces west. huge wall of windows facing nature from 2nd story, get a stunning scenic view of sunlight through trees spilling into 2 story great room. Circles of light dance everywhere due to pinhole effect of sun through thousands of fluttering leaves. Absolutely magical. she seemed hesitant and said people don’t come to afternoon open houses. But imo, seeing that would be one of the biggest selling points of the house. WWYD ? submitted by /u/SitaBird [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v2amuk/listing_agent_wants_only_morningearly_afternoon/

My husband and I signed a buyers agreement with a family friend (she provided professional childcare to my sister’s kids). We figured the buying side is pretty straight forward. Since signing with her, she has cancelled 1 showing 3 hours before we were scheduled. She has called me by my sisters first name once or twice in person. She has texted me multiple times by my sisters name. And this morning she actually texted my sister a response we received from a listing agent about a house we are interested in. She’s local to the area but I mentioned a specific house and she responded with an entirely wrong town name. As well as not looking up a house location we are interested in and said it would have a city inspection (when it doesn’t in this particular city). Do we shrug it off and hope her brokerage/team can handle the important paper work part? Or do we escalate and ask for a different agent? submitted by /u/GlitterBombBomb [link] [comments] source https://w...

Dream home is available- location and neighborhood, pool, layout. Everything we want. It was custom built in 2005. It’s a VERY specific taste. European inspired. Sitting on the market for over 3 months now. No offers. Listed at $910k, seems fair with comps. Reduced $70k one month ago. We just did a walk through and found an area of mold in the basement. It was left from the original owners so who knows how much damage it has done, potentially 6-21 years untreated. What would an offer be that would potentially include mold remediation? Or would you just walk away? submitted by /u/GlitterBombBomb [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v1rmum/starting_reasonable_offer_to_not_offend_seller_or/

I've been doing a ton of research on homes in the greater Boston area, and have come to understand that appraisers mostly base pricing on comps (i.e. sq footage, bedrooms, bathroom count) and not on build quality. It's no secret that the vast majority of new construction homes these days are built by speculative flippers or large tract builders like D.R. Horton. What I don't understand is how a high quality, 1930s colonial built by experienced craftsmen and can objectively last for 200-300 years, is priced the exact same as a millennial gray, OSB-sheathed, quartz counter-topped new construction of the same square footage that has an expiration date of ~50 years. I've been looking at some new constructions and flips in my area, and I've noticed many of these getting relatively few views and sitting on the market. Whereas 1900s colonials with tons of character but priced roughly the same are getting 150+ saves on zillow. Is it possible that there's a shift occurr...

Okay I’m going to try and make this as short and simple as possible. I need advice really bad. I’ve been looking for a home for ~ 6 months now. It has to be VERY specific because I have 2 businesses I run from home (one dealing with horses and one dealing with dogs). So it’s been hard to find something comfortably in my budget, and also laid out right without needing a TON of adjustments to make it work. Found said house a week ago. Toured it twice. It’s been on the market 37 days, has 79 saves on Zillow. Starting price was VRM $275,000 - $295,000. They dropped the price to $265,000 on July 1st. They have had one couple that toured it twice, but never made an offer. My realtor thinks that’s it. Here are my issues. The layout is almost perfect. It’s on 6.5 acres of ~mostly cleared land. Already all fenced in. I wouldn’t have to do hardly anything to make it workable for my businesses. Some quick notes about the house and at the end I’ll give my hold up. - Built in 1962. Purchased by ...

Hi all, My (28) gf (26) and I are getting engaged very shortly and will be looking for a home. We would like to buy a home that can last us 20 years or so, if possible. We currently have a combine salary of 160,000-170,000 USD. I also have around 100,000 in savings set aside for a house and kids and my gf received a trust via family will of around 500,000 USD. Considering all of this, I want to believe we can put down enough to get a house that will last us a while, but I have not done tons of research quite yet if I’m being honest. I wanted to see what people’s thoughts were for an appropriate price range. We live in a relatively expensive US city, as well. submitted by /u/greenj57 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v0rdgb/please_help_me_assess_what_price_range_we_should/

A bunch of folks build cabins on a lake (I presume with permission), and a new owner can just kick them out. https://www.texasmonthly.com/culture/cast-out-of-eden-lake-diversion/ Do folks think that they can just put cabins on land that they don't own, and not worry about the owner changing the policy? submitted by /u/swampwiz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v0jall/how_does_something_like_this_happen/

So my husband and I are selling our home through a brokerage because we did not get great equity on the house. My brokerage posted all pictures on MLS and I did edit some of the pictures that were professionally taken because we changed the wall color and lights to be more appealing. Every other detail in the photo is the same. It does make a big difference. The issue is, on Zillow only, when you click on the pictures individually, it reverts back to unedited version. My broker who loaded them on MLS does not seem to know what to do so in my research, it said to scrub the metadata which I bought a subscription to a website that does it and did this. She uploaded and it's still doing this. Does anyone have experience in what is happening here and is this something my brokerage should know/be solving? Considering dropping and paying the money for a real estate agent but unsure if they would know either. Would appreciate any help very much. submitted by /u/Denial_Ente...

I used to live in Southern California and my tiny little house about 30 miles from this location was only 890 sq ft single family residence. Property taxes for it right now are somewhere in the ballpark of $7,000/year with a property value of around $700,000. https://www.redfin.com/CA/Escondido/360-E-Washington-Ave-92025/home/3952583 The property linked is an apartment complex worth approx $6mil but the property tax is only $1,938??? If you look back at the listed price for 2019, that's the only one that seems more accurate at $70,060 for the year. How is it that the property tax for homeowners is around 1% where as based on this $1,928 for $6mil is .03%? Is there some special tax break that apartments get? submitted by /u/getonurkneesnbeg [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v04wtx/how_is_this_possible/

Location: Colorado Hi y’all, Looking for some advice. We live next to a rental and the fence between us is falling down. There are holes in which our cat has escaped to their yard and the renters dog regularly pokes his head into our yard, which worries us as we also have a dog. The fence is on the property line. The landlord responded to the estimate from our contractor that he has been on medical leave for three months, does not know when he will return to work, unfortunately cannot afford a new fence and simply wants to fix it. We have yet to respond. While I really want to believe him and feel for him, I also looked up his record. He’s a real estate broker and houses.com tells me was a seller for a 600k home, and a buyer $1.4 million in homes this year, and two of those sales were in June. He also owns three houses in my town. We recently redid the fence on the other side which was in a better condition than this one, and the posts were all rotted and had to be replaced. I’m w...

We have a guest bedroom and are wondering if we should stage a single bed inside, two beds inside, or even a crib, to hint that it's a baby or kid's room. I see SO many listings with cribs! Thoughts? submitted by /u/SitaBird [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uz8dhv/is_it_important_to_stage_a_kidsbaby_room/

Our home (Michigan) is in my partner's name alone, we never got around to adding my name to it. We have a motivated buyer who is eager for a purchase agreement. We need to file a quitclaim transfer to put the home in both of our names, because it grants us some benefits through my new employer's relocation assistance program. We have the paperwork started for the deed transfer, my partner needs to sign the paperwork next week and file the document with the records office. The buyer was really hoping for a purchase agreement this weekend. Would it mess anything up if we had a purchase agreement sent over to satisfy them while we're in-process on this deed transfer? Or does the deed transfer need to be finalized and filed before we can send a valid purchase agreement? submitted by /u/relatively_newish [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uz4t6o/purchase_agreement_while_filing_quitclaim_deed/

It runs the adjacent to the length of my house's lot (21'x150ish'). There is a power transformer maybe 3'×3'x3' at the very end of it, so I am assuming the electrical company has access rights? It just a dirt path that use to be an alley 30+ years ago. I thought the alley was owned by the city, but county records show that it is not. It is terribly overpriced (the agent seems to be pricing the sq ft as if there is a building already there). And I don't want someone trying to build on it. I spoke to the other adjacent neighbor and we like to buy it and split it. Take 10.5' each and add to our parcels, or keep them separate depending on taxes. First, how do make the owner realize that it is overpriced? I don't want to insult them, but it is overpriced for a vacant lot. Second, has anyone done this successfully? Bought and then immediately split a parcel? I am going to hire a real estate attorney but I want to hear the sucesses and the horrors. Thank...

Our company (a developer of solar and BESS projects) is looking to expand our greenfield land acquisition campaign - wondering if anyone has any positive experiences working with 3rd party land acquisition companies or land agents they can share? I came across this company onCORE Origination ( oncoreorig.com ) that looks professional and successful - but curious if anyone has worked with them in the past. submitted by /u/ResidentPart7977 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uywws9/what_are_some_of_the_best_land_acquisition/

Hi everyone! I’m a 20-year-old architecture student hoping to buy a property in my college town within the next year or so, and I’m looking for advice on what I can do right now to put myself in the best position possible. I know some people may think this is unrealistic, and that’s okay. I’m not looking for people to tell me to give up. If it doesn’t work out next summer, I’ll still have built savings, improved my credit, and learned more about the process for when I am ready. I’m trying to be intentional and set myself up for success. A little background: I’m an architecture student with minors in sustainability and construction management. My family has years of real estate experience and multiple family members have real estate licenses, so I have people who can help me evaluate properties and avoid mistakes. I currently rent in my college town, and my lease ends next summer. My goal is to buy a single-family home, condo, or small multifamily property, live in it for at least ...

So, looking at selling my house for $450k and looking at agent fees...6% shared seems rather steep to me. I'm an easy seller and the house should sell pretty quick, it's in good shape. Basically, I've lived here less than a year and i HATE the neighborhood. When i bought the house, it had a lot of repairs that needed doing, so I've put in $30k. Bought the house for $340k. 450-340=110. 110-30= 80k. Minus closing costs estimate $15k. 80-15=65k. With realtor fees at 6% split between buyer agent and my agent would be 27k. 65-27=38k. And that's not including all the other associated fees and any potential concessions. At 5% agent split its still high at $22500. At 4%, $18k. Now I don't know about you, but if i had an easy sell house, and they closed in 45days, i would be pretty stoked with $9000 for that work. Is it unreasonable to ask for 4% split? I know ppl think it narrows the buyer pool because buyer agents don't want to show houses that are low commiss, an...

i’ll do my best to explain well. we live in a small rural town in KS, thankfully there is a nice private college here. the house we live in is an ideal college renting location (2 blocks from school) we bought it as a foreclosure for about 40% current value. we could realistically rent and profit around $2k-2500 including property tax (5 br). we love the house and location but we also own farm land about 10 mins out of town and really want to move out there. it has water and electric at corner, but no dwellings, it is wide open flat. our family is growing (2 kids, 1 on way). trying to think of ways to grow income. I know this is so dependent on area, just trying to get idea, is it realistic for us to move out there And live in modular home, ADU, manufactured home, etc that has a lower monthly mortgage than the rent/profit of this home. does that make sense? In other words, do you think we can move out to our farm, build a cheap af home (we are ay okay with it being small for now like ...

Is this a legit company? I found 3 LLCs in CA. Random miss spellings across the US. As a buyer, is it even something to be worried about? Like I feel for the misguided sellers for sure, but hell it’s a good deal. submitted by /u/Legal_Audience_4931 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uxrpra/prime_home_buyers_usa_legit_or_scam/

I am interested in buying land or possibly an existing business. So far I am using realtor.com to scout for prospects. Are there any other sites I should be using to help find what I'm looking for? On a lot of the niche sites I've found properties listed that have been off the market for ages, making it a complete waste of time. TIA. submitted by /u/K1LLERM00SE [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uxewal/avenues_to_buy_land_for_campground_or_possibly/

So this might get some flack here, but here's the short story: I own a home. I bought it in 2020 so I have an insanely good interest rate and don't want to lose that. I don't like where I live (it's not dangerous or anything, it's just boring). I live in south NJ. I want to move to north NJ closer to NYC. I can't afford to buy/own two homes, so my idea would be to rent either a home or apartment up there. Because it's such an expensive area, I feel like it would be a good idea to rent out my current home to help pay for up there. I know this is nonsensical to some people: renting out a home I rent just so I can rent somewhere else myself, but I'm just really unhappy with where I decided to buy and want to live somewhere that makes me happy. This seems like the most financially feasible way to do that. 1) So my first question I guess is...what is the actual order of operations for this? Obviously saving up so I can afford a few months rent up there w...

my wife, toddler and myself recently moved out of our home that we owned for about five years now since the end of COVID. We moved to an area much closer to family and are renting out a home as the area is significantly more expensive than where our house is and it was the quickest path to get into before growing our family further. the idea was originally that we would rent out our current home and then eventually purchase in the new area after building up some money, ultimately having to sell our home for the down payment. Right now it looks like we could make about 500-600 dollars of profit per month against the mortgage (we got around 3.5 percent) which would go towards the new home rental if we rented out our home. But the market has been slow and a part of me wonders if it’s worth the hassle to rent it out, even if we intend to use a property management company, if we ultimately intend to sell it within a few years anyway and purchase in the new area. We do have a fair amount of...

We bought our first house 3 years ago and have a lot of equity so have decided to sell, become debt free, and rent for a year or so to stack up money for our dream property. Timing is an issue and we want to sell soon because the buyers lease is up soon (2 months) and we would need to find an apartment asap. The buyer is one of my personal friends that was looking to buy his first home and our timelines worked perfectly. Providing financing is already approved and price agreed upon, how fast can we actually close on the house? We will be hiring a real estate lawyer to do all the paperwork. I know the inspection and appraisal can take a while. submitted by /u/savageshaft [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uvj1ge/how_fast_can_i_realistically_sell_my_house_if_i/

We are the sellers of a home to a buyer w FHA funding. The inspection caught some minor things that we fixed. Next thing we know we are closing (pre signing)on Tuesday. They are closing on Wed at 10 am. My agent says that no one has confirmed the house is passed now for funding. The lender and the buyers agent have not said a word. Do we sign tomorrow? submitted by /u/AstronautAshleigh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uvhv53/should_we_sign_tomorrow/

Hey all, first time home, er, seller here. And am looking for advice if I'm overreacting about my perceived poor choices of my realtor, or if I'm on point. And if asking for a mutual parting of ways now that the house is on market (as of Friday) is a good idea or not. Feedback from any professionals if agents themselves a bonus. Basically, I've felt like I had to do most of his job for him, and I don't feel confident that he feels confident in his actions. Basically, my complaints are: -house was ready to be put on market June 24. He suggested last minute we wait until after the July 4 weekend, with a brief "coming soon" period, because the 4th of July weekend was super dead for showings and didn't want tonstaxk DOM. He got this from ChatGPT, I found out later. Sounded liie good advice initially, I question it now, especially since it put us out of the June market. -ive had to initiate almost every interaction. Home was supposed to go on as "coming...

I amthe seller. House went under contract June 16th. But we get that the closing is much later and was set to July 27th. Now we are told it will be even later than that because the buyer has to request stuff from the IRS and then they can do some more paperwork. My real estate agent says she is on leave 8/16-9/20. Basically everything is done. The house is ready. It's just so much waiting and paperwork. Our house was being fixed up with no one living there since March 14th. So now we are looking at 1/2 a year or longer till we finally sell it. Is this extremely normal? My first time selling! Then could the seller drop out if the irs papers come back to them with negative info? But they are already pre-approved? ​ submitted by /u/TrickyAd9597 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uv96e7/average_for_house_to_close/

Recently put our house on the market. We did a lot of comps beforehand and had a pretty good idea of where we should list the house to sell quickly. Two houses on our street have been on the market for a few months, so we didn't want to mess around. The listing agent has been great. Included cleaning and photos; organized staging. House looks great, and the process has been super professional. Her contract states that she takes a 5% commission. 3% goes to the selling agent, and 2% to the buyer's agent. The exception is if she is both the buying and selling agent; in that case, she takes only 3%. Seems fair. So, the house went live this past Friday. We've had 4 showings already and at least one more scheduled for tomorrow. The feedback we've gotten so far is that the house shows well. One of the buying agents turned out to be an old neighbor of mine; he told me he thinks we were priced right and that the house shows well. We'll see if his buyers make an offer. Ok,...

Are there any market conditions you pay attention to closely? Any specific stats or websites you review? I'm under no time constraints but do have a general goal of selling in Tampa, Florida to move closer to my family in Virginia. It's not a great sellers market right now but curious to know what I should be looking for. submitted by /u/SonOfQuora [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uuozb7/what_type_of_overall_metrics_should_i_look_for/

Hi all! For some background, I come from a very poor family in a HCOL area (Austin TX). Nobody in my family has ever owned a home, and I am the first in my family to go to college and have a professional career. That said, I am 32 years old and make $62k a year. My main life goal is to retire comfortably, and I'd really like to eliminate my monthly rent payment by the time I am 60. I have $56k saved up that was supposed to be for a house down payment, but with high interest rates and the price of single family homes in the area, there's just no way I can (safely) afford a mortgage with my monthly income. However, I did notice that some mobile homes (including the lot) are currently for sale in a nearby suburb, and some lots are cheap enough I could simply buy it outright with cash. My thought process is that even though I would be buying a 20+ year old mobile home, the bulk of the value comes from the lot, and if I have issues with the home I can just demolish it and replace ...

I am looking at listings. 30 year old manufactured houses on 1/2 acre for my max budget. I just can’t get the thought out of my head that I could buy 3-5 acres, get all utilities installed, pour a slab, put a brand new singlewide down, and be all in for over $50k less than these manufactured homes already on properties. Is there anything I’m missing, am I thinking about it wrong? Also, it’s hard to justify when you can get brick houses for cheaper, just with less yard. submitted by /u/Uceg_ [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uudih7/manufactured_homes_why_buy_already_on_land/

Nothing productive, just need to vent. Got the house ready, been busting my ass to get it ready, and then everything just goes on hold and into waiting. Going 100 mph to 0 in a hurry. Even though I've sold houses before, the anxiety is always the same. It's only been a few days, but still hoping to get at least one tour to get some feedback, or feel like something is happening. The weed isn't helping as much as I would like to relax either, so that's not helping lol. It just kind of sucks lol submitted by /u/Dena844 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uu15em/rant_about_selling/

Work has me relocating to a dying town, think flint Michigan and you pretty much got it. For work I need to be within 30-45 minutes from my job. Would be in the area 5 years after which I would be able to move while retaining my wage. My employment is safe for that time and for the foreseeable future. The good: more money and obviously my money goes incredibly far towards buying property. The bad: not sure if it’s even worth buying a residence in the area with the possibility of not being able to sell it. Looked at surrounding cities and not one is going to be better off in 5 years as there is no jobs available or future employment in the area for the current population. In this case what is the correct move. I have never been a fan of renting but it almost seems like that would be the best choice. Or Would it be better to get the bare minimum to live in and keep it in good condition as selling a cheap house is easier? Buy something that I could rent out in the future? Although...

You have two different sellers right now- FLORIDA Those who bought in 2023 or before and understand that they can’t list at 2023 pricing, and are actually dropping pricing And then you have those who still think their property can sell at that same price they bought at and what it was worth in 2023, and some are adding on 100-300k to their 2023 priced listing Change my mind submitted by /u/yeahyoubored [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1utr5lc/a_tale_of_two_sellers/

We recently decided to sell our 1500 square-foot 3BR/2BA home and move to have a little more space plus be closer to my husband's job. Our realtor was really confident that it would sell quickly due to the fact that it's on 2 acres and in a very desirable area. We replaced the flooring throughout, which was much needed and also did some work on the front porch and back deck. Even with all the updates, the land and location, I was still concerned that it wouldn't look the best to potential buyers. The walls have quite a few marks, even after a deep cleaning and the front and back storm doors both need to be replaced. After talking with our agent, we decided it would be best to not put any more money into updates, and she assured us that if we priced it right, it would still sell quickly. We listed at 295K after she talked things over with her colleagues. She said she was really confident going into this weekend and thought that maybe we'd even have an offer before the we...

Do they actually pay $800 or do they get it cheaper? submitted by /u/Feeling_Delivery2323 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ut5m82/if_a_realtor_buys_a_home_warranty_for_a_seller/

I'm eyeballing a property on auction.com. I understand I have to do my research on the title, liens etc. I'm wondering if anyone on here was successful in buying a property off auction.com? Or did you run into problems? Thanks! submitted by /u/Historical-Lie-6307 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1usxstg/have_you_successfully_purchased_a_property_at/

Has anyone built predictable conversion funnels with Facebook video ads that generates qualified leads in the RE space? I’m building a funnel for a property management business (residential, single family homes). I’m thinking something like this: Facebook Video ↓ More Helpful Video ↓ Lead Magnet ↓ Email ↓ Case Study ↓ Owner Success Story ↓ Free Rental Strategy Session ↓ Property Management Agreement If you have done this kind of thing successfully then please share your framework or the system that you followed. Thank you! submitted by /u/AGreenProducer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1usw3lb/fb_video_ads_that_convert/

I’m in the contingency process for a home in Illinois. Due to issues found during inspection and the fact that a couple substantial portions of the home not being available for inspection I advised my agent that I wasn’t interested in proceeding forward with the purchase. I was advised by my agent that in order to protect my earnest money I needed to submit my list of requests and wait for the seller’s response. I did as advised and the seller responded a couple days ago with basically no to everything. My agent asked my feelings on going forward, and I again said I wasn’t interested. Since we were so far apart I followed up the other day expecting to hear the deal feel through, but now I’m being told the seller is considering repairs and getting estimates. I’m curious how long do I have to play this game for? I would very much like to pivot and secure some form of housing as my lease ends in a month and a half. I would have been willing to work with them if they didn’t come out with ...

Hello! So my parents are planning on selling their home within the next year and in the last 20 years of living there they’ve done several DIY remodel projects on it that didn’t involve any contractors, engineering, project planning, permits, etc. My dad is handy, but he does not have any construction/contracting experience so all of these projects look very janky to say the least. I already know most of it is not to code and I fought them before every project to hire someone out. Where do I start with helping them figure out what needs to be done to sell? Do we hire an inspector first? Contact the city? Consult a contractor? In case knowing what was specifically worked on helps to know what/how to address, here’s the list of my dad’s DIY projects: -Full backyard second story deck rebuild with cover attached to roof -cut into the foundation in the basement to install an egress window -two full bathroom remodels including plumbing -built an add on front yard patio cover, also at...

I am selling my home and buying another. I got an appraisal for the house I am buying because I paid for that appraisal. My seller does not get that information (I'm told.) How would my realtor, for the home I am selling, know what the appraisal on my home came in as? Can my realtor be representing me and the buyer? submitted by /u/IntrepidMuch [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1urpibf/help_me_understand_appraisals/

Sold a home for ~500k. All costs related to selling the home totaled about 10% of the homes value. This includes more than just the realtor fees — things like repairs spent before listing the home (getting it ready to show) and costs incurred while listing the home (remedy requests, buyer asks, etc). Is this a normal number? Or is this high? It does include some deferred maintenance that should have been fixed a while ago so it may be a bit inflated, but I’m trying to figure out what an appropriate number is so that I can use it to discount my current house on my balance sheet moving forward. submitted by /u/JustHere4TheZipLines [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uroikr/sold_my_home_the_total_cost_of_selling_was_10_is/

Add of this week especially with the Iran tensions back on, the inflation forecast shot back up. If nothing changes that means an almost certain second rate hike before the end of the year. Inflation + rate hikes would mean high liklihood of an increase in home prices wouldn't it? Just when we were hitting a sight break... submitted by /u/itsthewolfe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1urlh5k/inflation_forecast_and_chances_of_another_ratev/

I’ve been looking to buy a home in a specific zip code since late February. Since then, I’ve gotten a general idea about home price ranges for size/condition/neighborhood through my agent’s comp knowledge and seeing what houses actually sold for/how long they sat on market. Since then interest rates have obviously gone up and houses have been sitting for a lot longer at their list prices. In the last few weeks specifically, pretty much all the houses that have listed have listed 10-30k higher than comparable houses that I’ve seen sell in the same neighborhoods, etc in the last few months. This surprised me because the market in my area has noticeably slowed down since then. I knew that the summer market was supposed to have more buyers shopping, is this trend probably a result of that expectation? Or is it likely just a coincidence? submitted by /u/emilyginger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uqzb5z/sudden_increase_in_home_p...

Hello! My wife and I bought a condo (3b 1b) ~3 years ago for 455k (with 11% down). After refi, we owe outstanding ~360k. We live in the Boston area. We're hoping to start a family in the next couple years, and also want a back yard for our dog. We've gone back and forth about whether to sell our condo and afford a nicer place, or keep it and rent, simply to build equity in it. Obviously our budget changes depending on a sale. Zillow estimates our condo has increased to ~$520k, so with that relative adjustment, and our down payment, we'd be looking at an extra (let's round down) 100k cash. I think I'd be willing to be a landlord, but NOT a property manager, so factoring in the cost of hiring that out does make me lean a bit towards selling. Especially with wanting to have kids, I'd wonder if we'd be signing up for too much stress. But at the same time, in today's market, it feels silly to give up property when it's hard for so many to do so. I gu...

So we’re potentially moving for spouses job in the next 6 months. It would be at least half way cross country and we obviously want to limit what we move with. Is it possible to list the house as optional partially furnished (I’m talking couches, beds, rugs, possibly tvs)? Could that be a potential selling point? Nothing tiny/no trash. Not really looking to make extra money not having the headache of it all would be worth enough. Obviously if they didn’t want it, it would be removed. submitted by /u/rushthetrench [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uqqym7/selling_home_as_optional_partially_furnished/

We live in a very HCOL area and I have the opportunity to buy my grandparent’s house with 1/4 as a gift of equity. Quite frankly that is the only reason I could afford it. I plan for this to be my forever home. This house is owned by my dad and his sister. All are in agreement to sell except my (only) sibling. She is arguing that if they were to keep the house and sell in 10 years instead (they’re in their early 70s), that she would get significantly more money. She is asking for the house to be appraised when they die, and for her to be given the difference in her 1/4 from the estate. Or else she will ‘go nuclear’ (whatever that means). Is this a fair ask? submitted by /u/crash_cove [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uqm75c/wanting_to_buy_my_grandparents_house_but_sibling/

Curious about what my options may look like if I decide to change gears in the future. submitted by /u/RomanKnight2113 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uq1o56/people_who_started_as_agents_before_switching_to/

is a well landscaped pollinator garden a bug or a feature? it is a certified monarch waystation full of native blooming wildflowers. lots of butterflies. it doesn’t look super neat like a row of boxwoods would, but the flowering perennials are planted in rows and it’s beautiful IMO. our real estate agent didn’t have an opinion. submitted by /u/SitaBird [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1upwhtz/should_i_dig_out_my_pollinator_garden_and_sod/

As the title says. I found a very unique house that fits my family's needs, but the seller is asking for way over what it is worth and aren't willing to come down. They originally listed the home for $795k. They've dropped it down to $770k, we counter offered $745k and they countered with $760k. Built in 1990, has had some remodeling done but not by professionals. The floors are lumpy and uneven linoleum. The roof has *maybe* 3 years left, but also some areas already show rot so basically the whole roof will have to be replaced immediately upon moving in. The sellers are not willing to put any money towards the roof, or take any off of listing price. It has a HUGE deck in the backyard, but some support beams have rot so will also have to be replaced asap. All of the windows are old single pane lead windows that haven't been maintained, so they're difficult to open and shut. They also lack screens and I have young (9 and 7) year old kids. One of the larger windows i...

Between the bank rates and everything else it just seems like buyers and sellers would both profit so much more If they just cut the bank out of it completely or only ask for a supplemental loan to carry what’s needed. There are lawyers and CPAs and real estate agents who are savvy enough to accomplish all this without a bank and protect interests of all involved, right? Why is there not a huge upswing in this, especially for those downsizing? submitted by /u/Rrenphoenixx [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uoqgwi/does_anyone_do_contact_for_deed_anymore/

submitted by /u/limponion36 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1uojdeg/septic_tank_is_on_plot_next_door_does_the_owner/

Every single day I see posts here about house not selling, multiple price reductions and no buyers are interested. This is my response to that, as a seller who can't afford to take the 10% equity loss when we're moving internationally to an even hotter market than here. I live in a VHCOL area 8 miles from the beach in SoCal. We put our house on the market in October last year, and our agent let us know by the time we were ready to list, that the market had fallen off a cliff in just 6 weeks. We got 2 offers, both 10% lower than comps and our unit had major upgrades compared to recently sold units. So we pulled it and decided to do a total facelift before re-listing. But, the market has fallen even more. We're out $20k in renovations and 6 months of my labor making the place turn key ready. There's been no rebound. So, I'm just waiting it out while doing renovations and refinishing. My mortgage is $1900 and my interest rate is 2.7% so why would I sell in such an a...

Closing on a house in just over a week, and found out yesterday through applying for home owners insurance that the sellers did not disclose a claim for $100k (buying house for $940k) for water damage from a "leak" in the kitchen. It seems like they purposely did not disclose this because they did disclose a claim for the roof 10 years ago, but nothing about the water damage. Everything I am seeing says sale/resale value goes down when there is water damage, but there was no discount on sales price. My insurance is also going to be $1,300 more per year due to this. I am in love with this home. It is in the perfect area for me. The sellers have offered to pay for a mold inspection, but I feel like I am still going to be getting screwed by paying full price even if there is no mold. Should I cut my losses? Ask to reduce the price? Please give me all of your advice and opinions. submitted by /u/doge_ucf [link] [comments] source https://www.reddit.com/r...

Mom and dad have passed on and we are in the process of clearing the estate. Without getting into specifics I'm super sad about having to sell the house but it's what needs done. I'm not gonna live there and renting isn't something I even remotely want to entertain. The home is a rural house in NW PA. While not on a back road it's definitely in the middle of Amish country. I was considering leaving a note for 2x purposes. One, to wish them the best of luck in the future and that I would think mom and dad would be happy. Mom and Dad loved having kids around the place, and the young couple buying the home have 3x young kids. Also I want to detail specifics on how "I think" things are setup as far as the heating works for the house (house has an outside wood boiler and a propane furnace). Additionally wanted to mention things about the neighbors (good stuff) and also some close family friends that are Amish that might be able to render construction services...

I've seen tons of D.R. Horton, Lennar, or other mass home builder-related posts on here that seem to just say "DR Horton bad" without addressing the actual root of the problem. Having worked in the heavily regulated pharmaceutical industry / GMP manufacturing, It's clear to me that there needs to be some systemic change that incentivizes quality while maintaining quantity. The main argument against this is that increased costs will be transferred to the buyers when they're looking for affordable housing, and that increased regulations will hurt buyers. I think this is wrong, buyers are already being hurt by the quality issues seen with mass home builders' products. D.R. Horton homes are cheaper than the broader market, however insurers are insuring them as if they will last 30 years. Buyers may end up spending much more on repairs to the crappy homes, and possibly litigation, over the first 5 years of buying a home which they didn't anticipate. With impro...

It’s a designated monument and a contributor to a historic district with a very stringent design review board. Every repair would have to be approved by the city and the district board. Adu law is strong in my state, but the board can make me build in historical style, not visible from the street, and 750 square feet max. It’s also in a hillside zone, which triggers really expensive foundations compared to flat land. It is filled in to look flat though, and has been that way for a century. There’s small 1910 barn that has a permit on file, but the house itself is too old to have an original permit on file. It needs: 750k in “conforming” work done to it in order to max out its value at 900k. Even getting it habitable would be a tall order. It has a 6 foot tall brick foundation with almost no mortar left in the joints. One of the corbeled chimney tops is about to roll off the tall and very steep roof. A specialized historic mason will have to do all of that. Much of the 30 windows and...

I finally got my house under contract after 9 grueling months due to my agent overpricing it, being on a busy road, and having a narrow driveway that backs into traffic. I was so excited, even though it seemed I might have to move into a short term rental since, as luck would have it, nothing was available that I wanted. Every house I hoped for went under contract while my house was on the market. Oh well, at least I was finally selling mine. Then, I found out on inspection that I had 26K worth of foundation work + 8400 in other items, totaling about 35K in repairs to my house. It has to be done, sucks big time,but I accepted it. I found a great house at the final hour, and got it under contract, contingent on the sale of my home. All was moving forward, till I found out that the foundation contractor, doing work on my house, had a set back and wouldn’t be finished with necessary work for two weeks after my closing date. My agent seemed upset, and indicated this put me in a position...