Hey all, sorry for the novel of a title. There’s a long back story here, but it boils down to this: Sale price $255k Mortgage balance $273k We have a loss draft balance of $134k (house fire insurance funds, will be paid back to us). Regarding #3, I already gave the mortgage company my letter of intent to apply that to the balance of the mortgage. Additionally, the payoff quote already states they will pull from this in the event the sale price isn’t sufficient to cover the mortgage. However, they can’t put that on the payoff quote itself. Meaning, unless my title company says differently, I’ll need to go to closing with around $30k (I don’t have the draft closing document yet, that’s my guess). My question: first, is it possible to negotiate with my title company on letting me closing without bringing that money (since it’ll be coming back regardless)? My guess it’s most likely not. Second, what are my options if I don’t have the funds to bring cash to closing? I cant imagine...

Before I started, I thought I could do open houses to find people to work with but that’s not the case. A lot of people coming through are either looky-loo neighbors, people already working with agents, or people that are significantly older than me. Why would they want to work with me when they have someone more experienced on deck? I’ve held a bunch of open houses and still haven’t picked up a client. Have any of you done well with open houses? What’s your strategy? submitted by /u/juicydreamer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w3oj05/open_houses_arent_the_goldmine_of_clients_i/

I'm relocating to the Ohio area within the next few months. I'm not sure what city I want to end up in. So on the weekends we are visiting different areas and looking at houses. I was not aware that by viewing the houses we are agreeing to stay with one realtor. I understand the purpose of this law but how are you supposed to look at homes in different areas? So far the original agent has been good about canceling the agreement, but will they all be? submitted by /u/mtbguy1981 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w3cqwe/ohio_hb_466_im_stuck_with_one_realtor_law/

*Had to repost because Reddit did not like the link example. I am aware the tread nowadays is to 'enhance' the pictures with AI, either to spruce it up or use it as a space filler. Looking at some of the listings, one thing I always keep in mind is just how TOO CLEAN things look. A lot of places have blinding white walls, too perfect driveways, etc. Without going in person, its aggravating to look at these things and constantly doubt whats real and what's not. What do you look out for? I have till October to find something or go into an apartment. Honestly I think I'll end up going into a short term lease anyway just because of this bullcrap. Take this listing for example. Almost none of the pictures look right. *Had to repost because Reddit did not like the link example. submitted by /u/Fallen_Jalter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w2k8b4/looking_through_listings_how_to_better_spot_ai/

I’m saving toward a purchase in a HCOL area, and every thread I find is either “it’s impossible” or “we made it work” with zero actual numbers. No judgment on your situation, family help, a lucky rate, a starter condo, whatever got you there. I just want real numbers to plan around. Drop as many as you’re comfortable sharing: Age and year of purchase Salary at the time Cost of living area (HCOL/MCOL/LCOL or general region) Purchase price Interest rate Total cash out of pocket (not just the down payment) submitted by /u/reconcilepast [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w2h2gc/single_income_homeowners_what_did_your_numbers/

Almost 2 years ago, my husband and I bought a 2,500 sq ft, 4-bedroom house on the west side of downtown. Before that, we were living in a 1,200 sq ft, 2-bedroom house that I had bought before I met him on the east side of downtown. I'm no stranger to urban living, and I knew the West Side would have many of the issues that come with living in an urban mixed income neighborhood. I just didn't realize how drastically different it would feel from where we lived before. Since moving here, we've had at least 3 incidents of hearing gunshots while inside our house during daylight hours. Last year, my car, which was parked in front of our house, was hit by a bullet. I think part of me assumed most crime happens in the middle of the night, but it's really unsettling to hear gunshots from inside your home, when you might have been about to head out to dinner. The frustrating part is that I really do love our current house. The layout is perfect, I couldn't have designed a ...

The house has had nonstop issues and and I literally spend 40 hours a week on it now. I assume at some point the issues will start fading but that has not happened yet. The house has grading issues where there is pooling and flooding in certain areas. This was a big concern during negotiations and the solution was a 1 year landscaper warranty, plus a backstop warranty to address it if the landscaper did not. The agent told me their plans to start filling with dirt in the spring, and how it would be ongoing until the issue is resolved and should expect at least 5 or 6 visits from them with fill dirt. Any way ... this never happened. Requests in the spring went no where. He works for the Real Estate developer who signed the warranty so that is why I am still dealing with him. But he pretends now all our conversations never took place about the work being done in the Spring. And I get it, he is a salesman and just said the words needed to make sure the deal closed. And I might take legal...

I posted my home for sale back in May. I got an offer 31 days later. That offer was contingent on my buyer selling his home. The contract expired August 12th. It was originally me just holding the property for him, but we now have a Right of First Refusal clause built in that ends September 18th. But no one is viewing the place as it still says pending on Zillow. My roof is not in great shape, so my Realtor is concerned about my final selling price. I may end up having to pay money at closing. But at this point, I would be willing to do that. My current buyer is taking the property "as is." I am also worried it will take forever to sell if I back out of this deal. I recently moved to another state for work. I had no choice. I am currently paying rent here and my mortgage back home. I reached out to my mortgage company, Rocket Mortgage, to see what hardship options are available. They're supposed to be mailing me a form soon. I need advice. What should I do? At this po...

Looking for other opinions. This is the home - https://redf.in/oYodMR These are comps from the past year - 1) https://redf.in/cxrTzj 2) https://redf.in/M4Ol8V These houses also sold in our neighborhood but are not great comps - they are on the other aide of the street and have worse views, worse layouts, worse yards, and are smaller. That side of the street has always sold for much less - 1) https://redf.in/gdnLU3 2) https://redf.in/398bUt We got an offer for 3.25. Our agent has said we have had a lot of showings given the market and the feedback on the house has essentially all been positive. But, the Seattle market sucks right now and nobody wants to put in good offers on a house and since now it has been sitting for a couple months it’s unlikely we will get a great offer. Honestly we would be happy with 3.4-3.5, but 3.25 feels so low 😭. Thoughts? submitted by /u/Suspicious-Kiwi816 [link] [comments] source https://www.reddit.com/r/RealEstate/comment...

Hey! I feel like this is going to tank our sale but our lawyer and agent don’t seem to think so. House in NY state, we have been very accommodating to our seller taking time for extra inspections, not rushing them when it took a week and a half for them to sign contracts and send escrow money. Almost two weeks after we signed the contracts their lender and lawyer reached out to our lawyer and said they changed their mortgage type from a conventional to a FHA loan. We wouldn’t have accepted their offer if it was an FHA. Our lawyer said it wasn’t illegal and our agent was pissed. We are not doing any work to the house before we sell it. Everyone has assured us it will be on the buyer but when I bought this house I was told to go with a conventional mortgage because it needed work and the seller wasn’t going to do anything required to pass the FHA requirements. There’s a few small things we know of like a railing on a mostly enclosed basement staircase and the porch needs to be painted ...

I inherited a property in an in-demand county in Colorado but there are a few issues. The property has a dilapidated 1960's single wide mobile home. There are several roof leaks that were never fixed and caused pretty extensive damage to the ceiling, ceiling tiles, carpet etc., the bathroom is a total wreck. It's in un-livable condition (for most). It also has an addition (small bedroom) built on the side. The garage is stick built but is also dilapidated. I'm guessing it's highly likely that it also has asbestos. I don't have the time, money, or energy to clear the trailer or junk off the property. I'm considering going with a cash offer from one of those types of companies that buy in as-is condition. Does anyone have any advice? I really want this out of my life honestly. I also don't want to feel like I got totally scammed afterwards. I do realistically see that it's going to be a lot of work to get the lot cleared and a new home placed there or bui...

We are planning to sell our home soon. We have updated all the flooring except the laundry room. Just wondering if it’s worth spending the money to add the new flooring to laundry room? It’s has older linoleum flooring. Also thinking about adding trim and painting it to match. Curious of its worth the ROI submitted by /u/Elite163 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w0dt7h/are_laundry_rooms_worth_updatingfinishing_before/

location: Cincinnati Ohio My fiancé and I are attempting to purchase our first home. We fell in love with a beautiful older (1889) home. We have already done the following: Toured the property Obtained mortgage pre-approval from a lender Placed an offer and had it accepted by the seller Signed a "Contract to purchase" (Which EXPLICITLY states that the home IS NOT in a historic district) Had an inspection performed Issued a "Notification of defects" to the seller Paid "Earnest Money" to realtor Received defect remediation documents (invoices, pictures, etc) from the seller Arranged for owners title insurance as part of closing costs During our attempt to obtain home owners insurance we were notified by the insurance broker that the home IS within a historic district. We did some research to verify and they are correct, unbeknownst to ourselves, our realtor, the sellers, and the listing agent; the home IS within a historic district. We are s...

This is my first RE transaction using an agent over an attorney. Looking at a parcel of land that I'm fairly interested in and talked to my agent to nail down an offer price, but she came back with a number that was 90% higher than the comparable sales I could find without MLS access. When I brought up the disparity and sent my comp list, she said that I was off the mark and that her comps were more accurate. But when I asked to see the comps, she's giving me excuses to not send it over. Is this common? Or is my gut feeling right and I need to fire her for trying to get me to over pay for a property? submitted by /u/Mufasa_LG [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vzejox/is_it_normal_for_my_buyers_agent_to_refuse_to/

I have a 15ft wide driveway in a city and there are some aggressive highrise apartment development happening in my area which is going to put a massive strain on street parking. My next door neighbor with whom I have a decent relationship with asked if I would entertain the idea of demolishing my wall/fence between my driveway and his 3ft trash alley to make a 18 ft - 2 car driveway with an easement for him to use the one side by his house. The proposal seems decently fair but I haven't had an attorney look at it yet. To my understanding the basics are: He pays for all permits, legal costs, and dividing wall demo + regrading, and construction + materials to match my driveway to my liking. I have a 30 day out for any reason. During which he has to pay to restore the property divider up to a reasonable limit. I have a 12 month out, but I have to pay an increasing some of the costs to replace my wall/fence (next point) He pays me a fee of ~$8k over 12 months for the inconvenienc...

Has anybody used this term before? There is a property I REALLY want for the land value (it's a teardown in my opinion) and I missed out during the bidding stage because of a death in the family and I got REALLY bad negotiation advice. I am actually now working with the brokers that have the selling. The property is in contract because the buyers agreed to letting them keep the listing for the summer (as opposed to me wanting them out in 14 days). After a frustrating summer with no movement in the area, I approached my realtor and asked is there a way to get them to release the contract if I bought out each side at say $1M a piece. At first she said no way but then she spoke to her boss, the owner of the agency and they think it's possible. I told my realtor frankly that I am willing to pay more than the list price to get this property and I picked $1M each because it's a round number but I could potentially go up in that fee but do you know anything about the buyers, b...

I’m a first time home buyer in a sense. My mom has 4 properties under her name. Two we rent out with me as one of the owners in case my parents die many years later. She still has homes to pay off and she would have helped me pay. There is at least one other person bidding and being rushed too. There would be of been more offers but deemed too low. Open house was only for two hours this past Saturday and the house was on Zillow for a few days. Zillow didn’t show any problem photos even minor. Tuesday night was when the seller was rushing us to say yes while Monday was us putting in our offer. I was almost an adult when we were looking at a property to rent out or stay at years later and we weren’t rushed. Thanks in advance. submitted by /u/averagepersonhere [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vyv391/why_do_sellers_rush_to_sell_after_one_open_house/

submitted by /u/Fortune_Ready [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vy5mfq/i_want_to_buy_a_plot_of_land_firsttime_buyer/

I am looking to buy a townhome for $550k and sell my single family for ~$600-650k (still owe $200k) in the same area due to terrible neighbors. Selling contingency isn’t an option in this market (central NJ). $550k is 50k above my combined DTI carrying both mortgages. Has anyone handled this situation without an expensive bridge loan? I know it’s a terrible decision financially either way, but I need to get out of here. Don‘t want to be a landlord and rent out my current place, which would require finding a renter before closing. submitted by /u/wtrtwnguy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vy5v5x/bridge_loan_alternatives/

I'm the seller, we are trying to move ASAP and accepted an offer for 345k on a 360k list price. Its a huge old house, but well maintained. Had the main part of the roof replaced last year, never really was in the attic, just knew we had a leak. Basically 345k is as low as we felt comfortable selling at as we are trying to buy another place for 330, we've only been at this house for 3 years but factor in us buying it for 325k and roof + appliances + painting we are into this house for over 355k easy. We have been jerked around on stuff in the past selling in other states(pool equipment with tiny leaks claiming they needed fully replaced for thousands). We had countered this 345k offer at 350k and the buyer said no he knows it needs more roof work(we did the top, but its a huge house with a lot of gabling etc). So we said ok, 345k but no credits after the inspection, you can walk if theres a major issue. This isn't like huge amount of fuzzy mold because I would have notice...

Saturday or Sunday? Does it matter? 2 hour block? 3 hour block? Start at 11? 12? 1? submitted by /u/dross99 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vxvtu4/best_day_and_time_for_an_open_house/

My wife and I have a combined monthly net income of $9400. This can vary either way by a couple hundred depending on how many hours overtime or time off but this is the average. Our current monthly bills are: Mortgage $1120 Car payments $1200 total Home equity loan $220 Personal loan $540 Car insurance $227 Cell phones $220 Groceries $1200 Credit cards $400 Misc. $400 Utilities $250 We are trying to budget a new house payment after selling our current one and paying off the personal loan, and selling one of our vehicles. After the sale we should free up almost $2000 a month towards a new mortgage. How much more a month would you be comfortable paying towards a new house? After a down payment and all other costs we should have about $20-30k left over to put into an emergency fund as well. submitted by /u/Admirable-Bee-4708 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vxaslw/what_would_you_be_comfortable_paying/

I am in Louisville, KY and contemplating having solar PV installed on my 3 YO roof in a relatively upscale suburb. (Current market prices are in the $600k range for my neighborhood.) I plan to pay up front for the install (NOT LEASING). If I were to sell my home with a PV system installed (predicted install cost ~$32-35k), how much value would this add, on average, in my market? I found this thread , but many people seemed confused in that post about leased systems, which definitely detract from value. Casual searches seem to calculate ~4-6% of sale price as a premium, but several sources said this is optimistic. Any current real-world numbers would be great to have. And again, not leased systems. Additional info for context: I plan to be in the house another 8-10 years and am looking at around $32-35k install cost. My annual electricity costs are projected to rise from ~$2300/year in 2027 to ~$3400 in 2034, and the solar installer projects ~$19k savings over that time. Meaning (if ...

I got laid off last year (administration-related) and have been working very part time on and off for my previous employer. So my income has been paltry; I've been busy traveling and managing my money . I have solid savings and a great credit score and am a former homeowner. I am looking for a full-time job again now but am not panicked. I have not been in this position before (low income, high savings, looking for housing) and am wondering how it might go with lenders. I can put down a substantial deposit and may try financing a relatively modest portion. Any experience/advice with this? submitted by /u/Camille_Toh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vwc1mt/semiretired_person_lending_qualification_question/

Hello, we are currently in preparation to list our house within a month or so. We had our relator come out and recommend some fixes prior to listing and we've taken care of most of them. However, we have a few items still hanging and wanted additional inputs. House estimate: $280k Repairs done so far: - Septic aerator and pumped - $1760 (aerator just died this month of course) - basement leaks - $2197 (includes 10 year transferable warranty) - storm door replacement - $157 - mold remediation - $32 - hornets nest removal - $20 - landscaping - $1781 (we had an above ground pool that was removed and needed a lot of dirt to be filled in) - carpet cleaning - $179 - tree branch removal - $1500 (widow maker from a bad resent storm) - hvac tune up - $198 - tub reglazed - $850 (it's a toothpaste green tub that was redone before and started chipping bad, also the main bath so it needed done) All-in - $8674 Remaining items: Driveway - concrete driveway, very large and is ro...

Hey all, After speaking with several banks, I’ve decided to buy a plot and build a custom small house over a 3-4 year timeline using a staged construction loan. Here is the financial breakdown and structure I’m setting up: Land Plot: €50,000 Construction Budget: ~€200,000 Total Project Cost: ~€250,000 I’m contributing 20–30% of the overall project cost out-of-pocket, paid progressively on a percentage-of-completion basis over the 3-4 year build horizon. The bank is funding the project in staged tranches tied to engineering progress checks. I get a 2-year grace period during construction, paying interest-only on the outstanding drawn amounts (working out to around 50% of a full installment for the released capital at any given point). 30-year amortizing term, though I plan to make extra principal contributions and pay it off earlier once built. By funding via staged completion draws, I avoid tying up a massive lump sum of cash for down payments upfront. Building from scratch thr...

Husband and I bought a house with cash (325K) in late 2024 in a small town. My job is here. Husband’s PT but his job is also here. House is lovely, community around it is eh. Nice part of town, but it’s one of those things of not fitting in despite efforts of ours to try and do so. Small town life may not be all it’s cracked up to be. We are near a larger city which we visit frequently and feel more “at home” in. We don’t want to make any sudden moves because this could get exhausting/expensive really quickly. We’re looking to move eventually, but what are the risks of putting a house on the market, for example, in the spring of 2027? As a buyer, would you balk at a short turnaround time from the house last being for sale in 2024? submitted by /u/elegant-deer19 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vvkjav/too_early_to_sell/

submitted by /u/Con-Struct [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vv6z3e/if_you_could_see_one_thing_about_a_houses_past/

I live in a small HOA, 50 homes on a cul de sac. The HOA owns a strip of land 50 feet wide behind all the homes on one side of the street. It’s a buffer zone between us and the neighborhood one over. No one is really interested in the HOA- the board is me and one other guy. The only shared space is the entry to the neighborhood and some street lights. Very minimal maintenance. I would like to explore buying this land behind my own home. But it feels like a conflict of interest- if the HOA owns it and I’m co-president, can I just sell it to myself for $1? submitted by /u/bondsman333 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vuzuhb/purchase_land_owned_by_my_own_hoa/

I am renovating my house which was built in 2000. I am planning to turn it into a homestay and I'm trying to cut corners as much as I can without tampering the quality. I have hired a contractor but I usually buy the raw materials myself. If anyone who has built/ renovated a house before can give me some tips on how to save some money as its my first experience and I don't want to spent much of my dads money. submitted by /u/Interesting_Run_4569 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vuehhs/tips_to_save_money_while_renovating_house/

Buying would leave me with about $100 a month after the mortgage and living expenses. Rent here is brutal too though. One of the places I’m looking at is in a student area, so I’d probably rent out a bedroom to ease the load. Not really asking whether I should do it, mostly curious how people who did make this choice justified it to themselves at the time. submitted by /u/reconcilepast [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vty3vl/those_who_bought_a_house_that_made_them_house/

We're planning to list our house in Clearwater early next spring, but we're debating whether to update the primary bathroom first. It's dated but everything works. For anyone who's sold recently, did remodeling beforehand actually pay off or would you have listed it as-is? submitted by /u/SammuelNash [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vtudxy/bathroom_remodel_before_listing_or_let_the_next/

I have this crazy idea at the age of 55 to become a real estate agent. I only want to do it part time while keeping my full time, salary earning job. Is that feasible? Are any of you doing this part time as a side hustle? Is that doable? Also, if you don't mind, are you brining in good money doing it part time? submitted by /u/Representative-Mean [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vtr39v/real_estate_agents_part_time/

In a bit of a heated debate with my business partner over this. Wes spent quite a bit of money on EDDM mailers to a farm of roughly two thousand homes that we’re trying to break into (probably about ten mailers over a six month period costing ~15 grand) and it did not generate any additional business. We were splitting costs and I finally said we have to pull the plug because I’m not seeing any benefit for the huge capital outlay. My partner thinks if we stop now we’re wasting the money we’ve already spent but to me that sounds like a “sunk cost fallacy”. Curious to hear other’s thoughts on A) whether mailers have worked for them and B) if I should continue out laying ~$700 / mo. to send them to our sphere and new farm. TIA! submitted by /u/mikemitch38 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vtoias/eddm_mailers_yea_or_nay/

I have noticed this in the past but a lot more so recently. My visibility into the MLS is via Redfin mostly. I have noticed, in the two states where I've lived recently, that properties are often pulled and then relisted. In these cases, if you look at the history section the previous listing is no longer mentioned. The one I noted just now, the listing that has been up for months is not visible yet a previous listing from 10 years ago shows as pulled. How are these listings being reset as new listings? submitted by /u/Balmerhippie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vt1axd/a_question_for_agents_real_property_sale_history/

when i visit SEA, i always heard about apartment building or houses rented out but the owner is somewhere in china or US. i have a fully paid off house in us, but my family is in asia and i plan to return there in the next few years. selling this house could prob net me 500-600k in the current market but that feels like a shortsighted decision. ive been renting it out for airbnb and its been quite successful, but can i continue that when i moved back to asia? how do those real estate bosses manage properties in diff countrries? i assume employees or a rental property management company. but how do they make sure they dont get cheated on by the management? submitted by /u/blade276 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vsw6op/how_do_people_manage_renting_out_their_property/

My fiancée and I have been looking for our first home for a little over a year now and I think we have both finally reached our limit of burnout. We bounced around open houses before finally getting an agent and lender and getting serious. For awhile we were figuring out what our range and must haves were and while tiring, we kept at it. Finally we found a house that was within our range in a really good area and for the first time, felt we had a serious shot at it. We made our first offer which was both exciting and down right terrifying, but really felt good about it. Sure enough, we were just outbid from our comfortable max range and left with nothing after all that emotional energy was put in. I know this happens all the time and we’re far from unique, but it feels we both need a reset. Main question is how often do you takes breaks to balance avoiding burnout, but also not often enough that you miss another opportunity. I’m not sure how long it’ll take as this is all a big first,...

We have a house on the East Coast that we try to spend a good amount of the summer at. Our primary residence is in LA, CA so the second home is not somewhere we’re back and forth to throughout the year, it’s basically just a summer home. This year we were there 7 weeks, last year it was closer to 2 months. We don’t rent it out, but we have family/friends who will pop in and stay there sometimes. We also have a property manager who keeps up the place while we aren’t there. It’s hard to justify only using the home <2 months out of the year, but when we are there, it’s a very special place to our family. My parents also live out there during the summer so my kids get to be around their grandparents more than usual. We’re not opposed to renting it out just scared of people being disrespectful, damaging, stealing, etc. submitted by /u/PassionChoice3538 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vryvnr/how_much_time_at_a_vacationsecond...

Am currently selling a house in the country. There have been price reductions, and now sits within the county assessed value and zillow estimate. The market in my area has been slow. Its vacant, and does need some things, Currently at just under $400, had accepted an offer of $10k less. After inspections the counteroffer was $105k less than that. It has a new roof, structurally sound. Does need updates. What concerns me is that the offer was from another agent in the brokerage I'm using. (specific no dual agency on contract) There was language included in the offer disparaging the property. It seems so off base I'm surprised it was even written up. It seems a bit shady. But I'm not familiar with the process, so am hoping for some guidance. Thanks for the time to read. submitted by /u/butchdog [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vrnrnd/concerns_about_agent/

I guess its more of a very long rant. TL:DR Tried to be as nice as possible, instead got a lot of headache, down on money and now thinking what to change next time. Changed payment dates to accomodate, bought furniture that they asked for, installed AC that also needed new power socket and line from breaker with my own money, fixed broken stuff next day without asking how it broke and paid for urgent repairs, ignored subrenting room to an undisclosed family member, allowed to pay half of rent in january with promise to pay the rest till the end of the year when the contract is up for renewall (without late fees), and in summary there were 4 instances of late or partial payment where I didnt ask for any late fees. In the end they notified me that they just had a new baby, asked to lower the price that is already 15% below market, said they will probably renew even if I dont lower (I havent increased in 3 years at all), and surprised me with less than two weeks notice that they are not r...

this is revised from my earlier post as yes I forgot to factor in everyone doesn't live alone, but 29% of people in 2024 do, 267,454,918 people in the US are age 18 and above. (267,454,918 x 29% = 77,561,926. take that number and subtract it by 267,454,918 to get 189,892,992 then divide by 2 and add the 77,561,926 back for a final total of 172,508,422) As of 2024 we had a minimum of 140,000,000 houses which means we are short 32,508,422 houses as of 2024. submitted by /u/NerdlinGeeksly [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vrhftp/i_calculated_how_short_we_are_on_housing_in_the/

I found a home and brought it to a realtor - house had been sitting on the market with multiple, major price reductions. I offered $775k on a house that was sitting at $799k. The day I made the offer, the seller's agent said that they 'just' got an offer because of an open house that was held and that I need to come back with my final best offer. My agent said that I should use an escalation clause - I had already waived inspection but she said i could waive mortgage contingency. I said NO as I am a first-time buyer. I escalated up to $818k - we were told the other offer was cash, but they seller's agent did not say what the other offer was and my agent did not ask what the other offer was. The seller then said he wanted $813k for the house and for me to pay, $5k to my agent, so coincidentally $818k :), the top end of my escalation clause. My agent said that he was negotiating dirty and never bothered to give me feedback on what to do - I gave her play by play and got i...

my actual day job is building 3D walkthroughs for real estate (specifically using gaussian splatting, which basically means mapping out a true 1:1 photographic capture of a space, not a fake 3D render). when agents use this to be completely transparent with out-of-state investors, it’s a superpower. it completely kills the "wide-angle lens" illusion. it shows you exactly how cramped a hallway actually is, which way the doors swing, and if the paint is scuffed. but recently, i’ve watched so many out-of-state buyers treat virtual tours like they are a replacement for a home inspection. guys, a 3D tour is amazing for spatial awareness, but here is the hard truth about what the tech mechanically cannot prove: the smell: a 3D scan cannot capture the black mold in the vents, the dampness in the basement, or the restaurant exhaust downstairs. the noise: you cannot see the HVAC humming like a jet engine, or the elevator shaft grinding right behind the master bedroom wall at 2...

I and my husband just purchased our first home on the MLS listing of our home. It stated that we were purchasing the home on 1 acre of land in South Carolina we had requested a survey before close and the executive team of my realtor dropped the ball, so here we are a month later and they are finally contracting the surveyor. The survey company came back saying that the parcel of land is only .49 acres and we are short .51 acres based off GLS. We still would’ve definitely bought our house but we definitely would’ve put in a lower offer for the lesser land. The seller also had disclosed that they hvac system had all new components and as soon as the first heat wave came, the system went out. Luckily our home warranty is working with us, but it came to light when the technicians came that that was completely false. None of the components were new. Is there any grounds for misrepresentation of the property? What can we do? submitted by /u/Visual_Fix_2 [link] [comme...

A couple of listings I've seen have them as the party to submit offers to. Both of the properties needed some work, so was wondering the likelihood of them accepting a much lower offer. From what I've read, they are a transaction agent for distressed or possible foreclosure properties. submitted by /u/Augatl [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vq9im9/anyone_have_experience_with_bidonhomes/

i'm not sure if this is the correct place to ask but i was wondering, for a beginner where would you recommend them to start in real estate ? i'm 21m and currently pretty unhappy with my life but my sister who now works in real estate and is a bit older than me completely turned her life around with working in this field and id like to do the same but im also finding myself pretty overwhelmed. she herself suggested home inspection but im not too sure about that, i also know that i can make money in pretty much all the fields so im not worried about that either, im also finding that it's pretty expensive to get a home inspection license as well... im just very nervous about the whole thing and would like some help guiding it submitted by /u/LeviGX [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vq6x9j/i_need_helpguidance/

I’m getting ready to put a house on the market in a sellers market. The house is pristine. The finished basement has occasional water in two exterior corners. Not much and it’s easily managed with a dehumidifier. We have lived with this for years. There is also an occasional leak in the underground garage. The house itself is above average, original hardwoods, fresh paint, updated bathrooms, nice location. Houses here go above asking and quickly. What percentage would you discount for the basement issues? It only happens when there is a massive “flood warning” rain. Probably needs a new French drain along that side of the house. submitted by /u/StatementOk5086 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vq4cyw/leaking_basement/

We currently live in a 130-year-old Victorian home on a private lot. We loved fixing it up before kids, but with young children, we’ve realized how much upkeep it requires. No garage, expensive heating oil, a damp basement, limited storage, no central AC, and not much functional space. We’ve lost out on 4 homes so far, all older character homes in established neighborhoods. I love the charm, but we’re now considering a newer, more “cookie-cutter” home that checks nearly all our practical boxes: 4 bedrooms, 2-car garage, second-floor laundry, and a great family-friendly neighborhood with lots of kids. I never thought I’d seriously consider this type of home, but I’m wondering if we’d actually be happier in this season of life with something more functional and lower-maintenance. Anyone else considering the same? Maybe you already live in one of these plans? Pros/cons? submitted by /u/CheddarMoose [link] [comments] source https://www.reddit.com/r/RealEstate/comm...

I’ve been a real estate agent for 7 years now in New Jersey. One very odd thing I’ve noticed is when there is a buyer who is Indian (this is where the controversy starts) the selling process is always like 5 times more difficult than working with other folks. The communication, negotiations, and strategy always feel hyper-aggressive and unprofessional in some ways. I’ve dealt with this situation about a dozen times already. Can someone help me understand any cultural norms I should be aware of? Ultimately, I just want to be well informed and aware to better serve my clients. Play nice yall! I’m trying to learn. submitted by /u/dedermcdoodle1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vpj8d2/genuine_question_that_will_seem_controversial/

As the title says, I'm under contract with a motivated buyer on my house. If all goes well, we close on 9/11. She's using an FHA loan with 20% down if that at all matters. My mortgage is due 9/1 but I don't have to pay it until 9/15 (and then a late fee will incur on the 16th). I've never had a late fee in the 10 years of living in my house, but I'm more worried about messing up the payoff/sale process somehow. I'm getting mixed feedback from people who have done what I'm doing and were fine and others on Reddit saying I shouldn't risk it. My new rent is also due on 9/11 and I can't shell out two hefty payments at once but I can figure it out if needed. Has anyone had actual experience doing this? I sent a message to my mortgage lender but won't hear back until Monday probably. submitted by /u/LinaZou [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vpg7zy/closing_the_11th_mortgage_due_by_the_15th_p...

I hope to move eventually to a 55+ community. Have found a community I really like. However, my current house needs renovations and I would probably doing them over a couple of years. The community I am interested in is very large and they have a lot of open house showings on weekends. Would I even been let in to see them if I don't have a buyer's agent and just go by myself? I would be kicking the tires, so to speak. submitted by /u/OilPure5808 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vp8d50/real_estate_agents_and_open_houses/

We live in Rhode Island. Property values have gone up quite a lot. We purchased a 2700 sq ft colonial at $380k in 2018. Cash. We have done few upgrades such as a new kitchen, added a pergola off the living room to pool area. Painted, new carpet upstairs. Zillows estimated value is around $689k. Recent comparable home in our town have listed around $699 and have sold for as much as $820, with bidding wars. And those homes do not have as many upgrades as us. Such as a pool/ finished basement, central vac, central ac etc. We know this isn’t our forever home. We actually want to downsize, yet more private/ property. Properties we have looked at are currently in the range of $650-$850k. Is now the time to sell and move to our next house? Or should we be sticking around because it’s paid for and value is high? I’m hoping to almost do an “even swap” in the sense of selling and buying. submitted by /u/aabbcc401 [link] [comments] source https://www.reddit.com/r/RealE...

I am in love with the location of a home in my city, and sent the link to my spouse: Immediately, he nixed any discussion because the kitchen is covered in wallpaper. The home has been freshly painted interior and exterior, they’ve updated the yards, and the kitchen has ugly wallpaper. Appliances updated, new furniture staged, but ugly floral wallpaper He says if the walls were in reasonable shape, or the wallpaper possible to remove, it would’ve been removed prior to the showing. he says ifs a non-starter Any counter-thoughts or is wallpaper really that terrible? (i never experienced wallpaper in my living spaces) submitted by /u/glorificent [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1voeldk/wallpaper_in_a_staged_and_updated_home_harbinger/

I posted not too long ago about almost losing earnest money and yet again I’m in the same spot because of the HOA last day I’m finally about to close but find out my lender won’t close because of hoa delinquencies is over 15%. How the hell is the hoa gonna tell us about this on the day of closing. We weren’t able to extend the contract and I might lose my earnest money now. Is there a way to fight this?? I genuinely don’t understand how this could possibly be on me and I don’t get my earnest money back I called the company and they said the contract has ended so they don’t have to give it back what are my options? submitted by /u/Awkward_Fortune_114 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vo8c6i/new_lender_same_issue/

Everywhere I checked on line says that my home is worth between 530k and 520k. He wants to list it for 500k. He says that the market has soften. Of which I understand. I just feel like that much less is a lot of loss for me. Where or how can I get an accurate value for my home. submitted by /u/CarefulPizza3181 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vo3w4u/my_agent_wants_to_list_my_home_20k_below_the_value/

One of my goals for 2026 was to sell my 2-year-old, one-level home (purchase price 409K) and downsize to a more affordable townhome. Because my current home would be competing with new construction (in other developments; mine has been done for a while), the plan was to buy first, move, prep and stage, then list. But the buying side hasn't worked out as I'd hoped. New construction options I can afford come with major location drawbacks (near a data center or near a freight train; pick your poison), and rates are too high for resale (I currently have a 5.375% rate). Given that it's mid-August now, and even if I found something today that I wanted to buy and could close quickly, I'd be listing in Minnesota in late September/early October, which is not ideal. There's also an unfortunate recent comp in my neighborhood that sat for six months and sold for 415K (though that was a 2-car garage, and mine is a 3-car garage). Earlier this year, previous comps in my neighborh...

I’ve been trying to get a hold of the agent on this listing for about two weeks now and no luck. I just had one, very brief conversation with them once asking if they were still accepting offers, they said yes and that was that. Since then, I’ve called, left voicemails and no response. Listing shows active and the Supra key is still on the door. The listing says to send offers to their email but I wanted to have a quick conversation before doing that. What gives? Don’t they want to move this thing? submitted by /u/da0217 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vn3125/cant_get_a_hold_of_the_agent/

I don't understand when agents claim to have a motivated seller, yet after the house has been on the market for several months, they haven't adjusted the price. Then looking at the history, I saw it was listed LAST YEAR and withdrawn. Then re-listed in May with a higher price than the price when it was withdrawn. Make it make sense... submitted by /u/Augatl [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vmz1qa/why_does_listing_claim_motivated_seller_when_home/