I am looking to purchase a townhouse in Waldorf, Maryland. The deal is $500,000 with no concessions. House is roughly 10 years old and in great shape. I already paid for the inspection and it came back with no major issues. The issue is with my finances. My mortgage rate is 6.6%, which shocked me because I have near perfect credit and no debt, which puts my estimated mortgage at $3,500, not including utilities or HOA. I though my rate would be closer to 6.1% since that is what is advertised everywhere. I bring home basically $6,000 a month. It's just myself. Will I be house poor if I go through with this purchase? Are rates likely to decrease soon? Or house costs? submitted by /u/Necochan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vc1ig7/charles_county_md_am_i_making_a_mistake_in/

This is based on some drama that is going on in my neighborhood in TX. A resident bought their property and it supposedly had thousands of dollars in unpaid HOA dues. They have been fighting the HOA about this for a year or two from my limited understanding. My question is, would this be something that the Title company would be responsible for if they did not find this problem before the closing? Every house I have bought or sold with an HOA involved reconciling the balance and verifying all was good. submitted by /u/vagabondizer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vbu5kt/unpaid_hoa_dues_from_previous_owner/

my agent has been trying to avoid sending the offer if the amount is not high enough, like I’m wasting his time. I feel that if a house is overpriced, I am not obligated to offer over. previously I took his advice and just didn’t make offers but I have noticed that some went for asking. what I want to know is , why is he so resistant to putting in ”lowball” at asking price offers? is it a ton of work? Does everybody use some kind of pay per letter software? he will ask the seller if our offer is good enough before sending, I feel like that’s more work than just sending an offer but I don’t know. submitted by /u/Mobely [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vbaabt/how_hard_is_it_to_draft_an_offer_letter/

Basically, title. We bought a house last year, pool and equipment looked good other than wrinkles in the vinyl liner. Everything works fine, inspected fine, etc. This past month we started working on getting the liner replaced. It's a big pool with an odd shape so two quotes came in at 11k. Steep but okay. Then they go to measure for the new liner and can't, because one side has sunk 4 inches lower than the other side. We drain it and pull the liner out so they can bust out and repour the vermiculite. Another 4-6k there. As they're busting it out, they find that someone poured concrete (sloppily) under the vermiculite in what we can only assume was a DIY pool install many years ago. So, we're probably up to 25k or more just to get a new liner and fix an existing pool to what it should have been to start (in other words, no upgrade or increase in home value whatsoever). I'm not that mad about it, it's just a learning experience for us at this point. But I wante...

I'd love to NOT make that August payment if legal and possible. Anyone with experience to confirm what Google is saying. It says NO. That I wouldn't be responsible for the 8/1 payment. I am the seller. submitted by /u/oemperador [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vb1zuo/if_home_sale_closes_on_731_do_i_still_need_to/

Not pricey please submitted by /u/ylfcm [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vb1sjf/our_office_of_eight_agents_50_active_listings_is/

submitted by /u/gonna-getcha [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vah34l/we_buyers_just_did_our_inspection_tomorrow_we/

I own a piece of property that shares a boundary with 2 pieces of property that the county owns. Each of the county owned properties boards my property and 1 other owner. The county contacted me and wants to sell the property. I was driving, so I don’t remember all the details, but he said I was the only land owner to take his call. I told him I was interested, he emailed me the county gis links , the county assess each for about $55k for tax purposes. Has anyone experienced this ? Anyone know the process? Will they sell it for the tax assessment or below? What if I don’t want it, does it go to open market? Any info would be great. I’m in Virginia. submitted by /u/Straight-Dot-6264 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1va9fvg/county_owned_property/

What kind of conversations will my agent be having with the listing agent after we put in an offer? Does the listing agent explicitly tell him what the other offers are or is it vague? Do they say how many other offers are on the table? Do they give an exact dollar amount that needs to be beat? What is revealed and what isn’t? submitted by /u/iloverats888 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1va4hgp/how_do_negotiation_conversations_actually_go/

https://www.urban.org/research/publication/why-funding-down-payment-retirement-funds-winning-proposition To determine whether these incentives make financial sense for aspiring homeowners, we compare returns on owning a home with average annual stock market returns measured by the S&P 500 Index from 1987 to 2025. We evaluate national homeownership returns on an all-cash basis and with two levels of leverage (20 percent down and 3.5 percent down) and for more active and passive refinancers, as well as returns in Detroit and San Francisco, markets that have been stereotyped as weak and strong housing markets, respectively. Borrowers with low down payments (e.g., 3.5 percent) who refinance whenever rates drop 1 percentage point achieve housing returns comparable with S&P 500 returns (table 1). Borrowers who wait until rates fall 2 percentage points earn slightly less than stock market returns. Homebuyers putting 20 percent down for conventional financing typically see returns ab...

After losing out on house number 4 due to our home sale contingency, I’m afraid we need another approach. Bridge loan is not possible. We need funds to close on the next house. Has anyone done this? We’re looking to see if a potential buyer would draw out the closing if needed or possibly rent to us for an agreed amount of time. It scares the hell out of me as we have 3 children & pets. We have family that we could move in with if absolutely needed, but I’d like to avoid moving twice. TIA submitted by /u/CheddarMoose [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v9c33l/anyone_sell_before_finding_a_new_home/

Already had an extension out in place because of a delay with the HOA about a roofing policy because I have an FHA loan. I have until tomorrow to close and my realtor told me I might lose the condo and the earnest money with it. The lender I have is still trying to figure this out but it’s not looking good. I feel defeated because I was told this was not an issue on my end at all. Do you think I can work something out with my lender on a new place or am I just about to throw 3k in the drain because of something that wasn’t my fault? submitted by /u/Awkward_Fortune_114 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v94tyo/about_to_lose_3k_in_earnest_money/

I fell behind on my mortgage last year after splitting with my ex and having to close the business we shared. My situation has dramatically improved since—I found work, got married and got back on my feet—but my mortgage company (Fifth Third Bank) wouldn’t accept anything other than the total past due balance after I was 120 days late, so the balance continued to grow every month because I couldn’t afford to pay it all at once. I began applying for their mortgage assistance program last year and have only just now gotten a decision from them. The problem is that they want me to pay the total past due amount over just the next four months, along with my regular monthly payment. My regular payment is around $1650, and they want me to pay an additional $5350 every month (total of $7k) for the next four months. I am not sure that I can come up with that and I don’t want to lock into something that I’m unsure of, especially knowing that if I miss or am late on a payment, they can start for...

I’m in a frustrating situation and wanted to get some outside opinions. I’m the treasurer of a small condo complex that I also own a unit in. Since joining the board, I’ve helped restore the financial health of the HOA and significantly improve the appearance of the property. Because I know the complex inside and out, I’ve been offered several opportunities to buy units at prices well below their appraised values: One owner wants to sell me her unit for $70,000, even though it appraised around $107,000. Another board member was willing to sell me multiple units for $350,000, with a combined estimated value of $450,000–$500,000. There’s also a unit headed toward foreclosure that could potentially be purchased for around $40,000, despite being worth roughly $100,000. In a best-case scenario, I could end up buying 8 units for about $460,000 that are collectively worth around $650,000–$700,000. About half are already rented, most need little to no renovation, and projected cash flow ...

I’m starting to think building may make more sense than waiting for the perfect house to come on the market. Inventory is really limited where I’m looking (Western MA), and I’m finding that I’m extremely picky. The house I’d like to build is: Modern/contemporary style (not farmhouse) About 2,300 sq. ft. Two stories 3 bedrooms Attached 2-car garage Full basement Wraparound porch On a wooded lot (I have found land I might be interested in) I’m trying to decide between a traditional site-built home, a modular home, or a panelized home. I’ve read that panelized and modular homes can sometimes be built faster than a traditional home, but I’m not sure how they compare in terms of quality, customization, or overall cost. My biggest concerns are time and cost. I really don’t want to spend two years waiting to move into a house, but I also don’t want to spend close to $1 million building one if I can avoid it. My limit is about $800K (preferably $650 to $700K). I’ve heard building i...

(va home loan) Hello all; my wife loves the property. we are currently under contract, and after reviewing the contract with the disclosures, it is clear the seller did not disclose the rent control. my agent tells me there is no mention of this on MLS regardless, we are very interested to continue. the property is in DC, and we were thinking of doing the small landlord exception to get a rent control exemption. we did an information only home inspection, and it doesn't look too bad; we have cash to fix her up. my question is, how can we leverage this to our benefit? We don't want to walk away; my wife loves it; the concern is I don't like being lied too. edit: List was 575K, and counter was 535K with 6% seller credit, home inspection contigency (VA apprasial cannot be waived) the counter was 535K with 4% seller credit. home inspection contigency waived, visual only (VA apprasial cannot be waived) I accepted. we are in week 1 of closing, and the home inspection was...

My SO and I (and our one young and other child still in the oven) just had our offer accepted on a new home. There were multiple other offers in for it as well. We bought our current home a few years ago as our first one knowing it was not checking all the boxes for a forever home so to speak, but weren’t sure when we were going to try and move. Anyways, this new home we just got is only about 7 min drive from our current home. It’s in the same school district, checks all the boxes, and it was a great deal for what you get for it. My SO has known the sellers since childhood. We are planning on staying in this area long term. The only minute reservation about it was the neighborhood. The old neighborhood is surrounded by homes of similar value -ish (say current home is maybe 580k in a neighborhood that would range from 350s-700s) . The new home is the nicest in the few block span (750k in neighborhood with homes more in 300s-400sk). The people who we are buying from put a lot of updat...

Hi everyone, I bought a single-family home some years ago (2,200 sq ft, 4 bed/2 bath + bonus room) in Metro Detroit with cash. My original plan was for this to be my forever home, but unexpected circumstances mean I’m relocating to Chicago, where I plan to buy another house with cash as well. I’ve been researching the pros and cons of renting, but given that I’ll be out of state, I’d love to get some real-world perspectives on a few questions: 1. Sell vs. Rent: Given that I have full equity in the house, does it make more financial and practical sense to sell or hold it as a rental? 2. Out-of-State Landlord & Property Management: As a first-time landlord living in another state, is hiring a property management company a non-negotiable? What should I expect cost/hassle-wise? 3. Single-Family Maintenance: I’ve heard mixed stories about renting out SFHs due to ongoing maintenance demands compared to multi-family units or condos. Has this been your experience? Thanks in advanc...

I trusted my nice buyer's agent and went with Zillow Home Loans to finance my condo purchase. This apparently was a huge mistake. I have gotten two home loans in the past two and a half decades, and never before has the process been so dubious, piecemeal, and frustrating. Worse, my experience (terrible communication by Zillow's loan officer and "undewriter" with me, my insurance agent, and with each other; demanding more and more documents just a few days before closing; sending me documents to sign with incorrect figures on them and telling me to "sign them anyway" when I point it out) mirrors the bad experiences I now have read on Trustpilot, where Zillow has a 1.4/5 rating. Apparently from what one commenter was told by their loan officer, the company uses A.I. for underwriting, which almost surely means that they don't understand why that A.I. black box is reaching conclusions and asking for more data and simply push those data requests to the appli...

House-poor single parent looking to downsize to townhome. Have been searching for 7 months and ready to be done. Which would you choose? (Payments are with 20% down.) New construction: Purchase price: $335K (with fridge and washer/dryer) Rate: 5.5% fixed OR 4.25% ARM Monthly payment: $2211 fixed (PITI + HOA) or $2007 ARM (PITI+ HOA) Pros: walking distance to children's current school, in current neighborhood, beautiful view, backyard, low-traffic street, minimal disruption for kids Cons: interior unit, close-ish to train line (but cannot hear train with windows closed), would have to purchase water softener and filtration system, blinds, and gutters. Resale: Purchase price: $275K Rate: 6.5% fixed (and that's with some points) Monthly payment: $2027 (PITI + HOA) Pros: end unit, yard, good assigned school (same district as new construction, but not children's current school), current owner has made some updates (roof, AC, water heater, appliances) Cons: built 2004...

I signed a lease this Thursday. Saturday night was the first time I went there after dark and I saw a insect leg on the stove. I check behind stove and fridge and there are roaches. I made the mistake of not taking pictures. But there weren't a lot a couple of big ones and very small ones that scattered. I was told there has not been pest in this duplex and I feel lied to. Looks like they scrubbed evidence for a the walk through. Do I have recourse to just not move as my current landlord says I can stay longer. I have only moved a few items last night but put them in the outside storage. I work tons of hours and don't have the energy to battle and put up with roaches as soon as I move in. I don't care about the deposit and prorated rent. They can have it. submitted by /u/ThePurpleAmerica [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v738mc/i_live_in_maryland_and_changed_my_mind_about_a/

This is all unraveling as I type this, so I don't have a lot of details, but looking for input from outsiders to point out anything I need to know. My grandparents built a 4 bed, 2 bath on 4½ acres in 1978. My Nana passed away about 10 years ago and my uncle bought the house. His health is declining and he's on a fixed imcome and he owns his other house outright, so he is considering selling the house to someone in the family for what he owes ... $75k. Zillow estimated value is $410k. I'm 40 and my partner is 48, we bring home roughly $4,500/month. My sister, 55, is very willing to split the house, I don't know her income but her current rent is twice what our estimated mortgage would be. Ideally, for all parties, we would like myself to be to "owner" and they would be "tenant" in a very casual sense. My credit score is ~800 so I don't see that as a huge issue. My biggest concern is the down payment as we only have about $8k in savings, but as...

For anyone who sold their house recently. How long did it take to get an offer and how many showings did you have? We listed only couple days ago; have good views on and lots of saves on Zillow. But it is the weekend and no showings yet. Little worrisome. submitted by /u/Weird-Pear27 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v6eqmc/how_long_did_it_take_for_you_to_sell/

We recently went under contract for a house after a lengthy negotiation. The house has been sitting on the market for 35 days before we offered it. We had the inspection this past week, the inspector found quite a few issues. The biggest being standing water in the crawlspace, which was not easy to see the reason for. The home was listed as a modular home, but the inspector and our agent have both seen signs that may be a manufactured house, even though it has the serial number for a modular house. The trusses in the attic seem to be cut into four pieces, but unsure if that is normal for this modular home or another reason. There are several damaged shingles or shingles with holes in them. There is siding damage. The back porch was not installed correctly and is missing joist hangers. The front porch beams need to be reset as they have moved since installation. Several windows need to be replaced due to broken seals. There was also was issues with a lot of electrical wires with...

I went fragrance free a few years ago to protect my health, and everyone in my life has done the same (we all feel better since). One thing that we all need though, is realtors and real estate agents who are also fragrance free and will only show or list fragrance free properties. Scent free is a gigantic market that is growing like crazy, yet not enough real estate agents are serving demand. Fragrance is considered the new secondhand smoke, and buyers want properties that are clean, not scented. I’ve refused to buy houses I would have otherwise loved because they lit scented candles and plug-ins and the smell was awful and never comes out, just like a smoker’s house. Everyone I know feels the same way—no one will buy a house that has had scented products in it. Even scented laundry products are making entire houses stink now. Anti-fragrance is the same as anti-cigarette, people feel very strongly about protecting their health, their kids, and their pets from the thousands of toxins ...

Regarding the first house: in the year 2020 I sold a house. It was my primary residence for years and my parent's house. When I sold the house it was in poor condition. The new owners have done substantial remodeling, and apparently are still doing work. It is probably now the best house in the neighborhood when it was previously not the worst but may be third or fourth worse. Every two or three months now I have been getting cold calls from realtors asking me whether they want to sell the house, saying that they have a client that is moving into the area. or that they have a client that just drove by and loved the house. Is it best that I ignore these calls, or should I forward the contact information of the new owner? I don't want to be rude by annoying them or invading their privacy. Or even stirring up.a hornet's next by making them mad and ending up getting sued for some problem in the old house that they initially consider unimportant, but now decide to get back at m...

I’m knocking on doors for a real estate agent this week. What should I say when people first open the door? I just started working as an assistant for a real estate agent, and this is my first week. He wants me to go door-to-door in a townhouse community because he’s listing a detached home just down the street. The idea is to see if any townhouse owners have been thinking about upgrading to a larger home nearby. I designed the flyers, he had them printed, and now my job is to knock on doors, start conversations, get people interested, and ideally book them for a meeting with the realtor. I’ve done door-to-door sales before, but never in real estate, so this feels different as I’m not actually selling a small product. My biggest question is: **what do I say in the first 10 seconds after someone opens the door?** How do you keep the conversation going long enough for them to actually look at the flyer and consider talking to the agent? What worked for you? What should I avoid? ...

I'm in the final stages of cleaning my mother's house out for sale. There are a number of "outdoor" items that may be of utility to a future homeowner, particularly a first-time buyer, that I don't want to sell off and hate seeing them just thrown out. For example: hoses, gardening implements (rake, hoe, spade, etc.), lawn mower, snow blower, etc. There is a shed on the property; can I simply stock the shed (neatly) with items of good condition that could potentially be used and leave them, at least for now? If we need to, we could call a junk crew out one last time during the closing process to discard anything the new homeowner doesn't want. Does this seem reasonable, or should I just bite the bullet and have them come out now and discard everything? submitted by /u/georgecm12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v4gcwb/leaving_items_behind_for_new_homeowner/

Trying to buy our first home here. The inspection is this afternoon, and my husband will be the main person going over anything that comes up with the inspector. I’ve had horrible experiences with mice, roach, and black widow infestations in the past and one of my main things buying a house is that it must be free of the critters. Due to my experiences, I’ve become quite the pro at spotting evidence of pests and have been told the inspector will only look for termites, not roaches/mice. The house seems very clean, but during the showing I found 1 dead roach by An exterior wall and saw those pest repelling devices that are supposed to deter pests with high-pitched frequencies. But otherwise, the house seemed clean and I found no other signs besides the 1 dead roach infestations The house has been vacant for a little while, owned by a landlord across the country, so the pest devices could just be a preventative measure. Is it frowned upon for me to take a flashlight and go over everythi...

i posted yesterday in r/homestead asking for advice as we have about 150k equity in house and 150k inheritance. it has hundred plus comments with many different ideas. in summary, our house’s mortgage is less than $600 (bought as foreclosure 3 years ago) and could realistically rent out for $2500 as we live two blocks from expensive private college. we own 4 acres of land and absolutely love it out there. it’s 10-15 mins away. we feel so at peace when we go out and we know we want to be out there and raise our kids there (2 kiddos right now). that being said, it’s hard willing to forego this super cheap mortgage to get a new mortgage. our land has water and is cleared but no septic. we really like the idea of a manufactured home. at first opposed but we like the more affordability and that it typically isn’t taxed as house but private property and depreciates (in our case we like this, we wouldn’t plan on selling it so I like that it wouldnt raise in value a bunch like our house’s ...

I’m looking to do a standard sublease for my apartment. I won’t be there for a few months and I have someone who wants to sublease. My landlord is fine with it, but they can’t make any lease agreements for under 1 year, so the onus is on me to make a sublease agreement. My question is whether or not I need a lawyer for this. For context I’m an average college student so I’d prefer to avoid paying a lot for one. I know it’d probably be safer that way, but the arrangement seems so simple. Everything is sorted aside from the lease agreement itself. I know people do sublets all the time and hiring a lawyer seems excessive. Any help would be appreciated! submitted by /u/SpaghettiTrombone [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v47rdv/do_i_need_a_lawyer/

Long story short, the estate owner passed away and never left a will. Me and my family have been living in this property that is still under the decedent's name. We pay all taxes and mortgage dues on time, but we recently had to send our mortgage lender his death certificate to open an insurance claim. The lender is now asking for documents that establish our legal interest in the property, which we do not have since the estate never went through probate. What should we do? Is the house at risk of being foreclosed if we can't provide these documents? We live in New York submitted by /u/Actual-Armadillo5199 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v3yhyc/ny_mortgage_lender_is_asking_for_a_document/

How do you handle 2 or more clients that want to put an offer on the same house? If so 3 clients ask your advice for what to offer, will you tell them the same price? submitted by /u/darkchocolattemocha [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v3yp39/question_for_agents_from_a_buyer/

We gave our real estate agent POA for selling our house because we are out of the country and yet they keep asking us to fill out so much paper work and over night it to them with it notarized. But we cannot overnight with DHL because it would be 100euros a package so that's just crazy! Plus closing is next Monday and why are they giving us this paper work only now? Is this totally normal? Do they need these paper why can't our POA do everything??? Sorry I am very frustrated with this process. It would be nice if they gave us this paper work one month ago!!! submitted by /u/TrickyAd9597 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v3dluw/has_anyone_had_success_selling_their_house_with_a/

We're closing on our house at the end of August after a year of looking. We wanted to be in a very specific area near the water, so there wasn't much inventory. There were five other offers on the house, and I feel lucky that we only had to go 100K over asking. I saved a bunch of houses on Zillow thinking "They're never going to get that" when I look at the asking price, and then I see them sell for hundreds of thousands more. I get that LI is an extension of NYC and there's a lot of money here, but how high can it go? Some of these houses were purchased no more than five years ago with some remodeling and are selling for almost $1M more than they were purchased for. It's crazy. There are definitely some houses that are sitting if they're priced astronomically high from the jump, and I'm seeing price drops, but a price drop from $1.8 to $1.7 on a house purchased for $750 in 2018. Just an observation on the hyper-local nature of the RE market. ...

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...