Looking at a farmhouse on 8 acres that would be a second home for ~7 years and then a forever home once kids graduate. I have rehabbed every home I ever purchased, so the work isn't the issue. It is also is the area where we want to be long-term and would run about $400k if properly fixed up. House has city water/sewer, new roof. Was purchased in 2019, guy died in 2025, estate defaulted on the mortgage. It was clear the guy was trying to fix the house up and it is left in mid-reno condition. VA listing agent is notorious. She has never been to the property and says no utilities will be turned on. Poor communicator who just wants a buyer/buyer agent to submit an offer through VRM and call it good. There will also be no inspections. House is ugly but livable. I can go through the house myself and glean information with my agent. Between my construction experience and his real estate experience, we can scope out a lot. I have never had a foreclosure situation where the listing agent...

I’m in a situation where I’m due to inherit a house that is completely paid off. I currently live in the house, so it’s not just an investment property to me it’s also my place to live. I’m trying to figure out whether there’s a smart way to tap into some of the equity and use it to build additional wealth, while minimizing the risk of losing the house itself. For example, I could potentially take out a relatively small portion of the equity and use it for things like: Investing in the stock market Buying a piece of land Putting a down payment on a rental property Renovating/improving the current property to increase its value Some other investment/business opportunity The part I’m struggling with is the risk. The house being completely paid off gives me a lot of security, and I don't want to turn a debt-free house into something that could potentially be lost because I overleveraged it. For those who have experience with real estate investing or using home equity: How ...

Hello everyone. 19M here. I've gotten very interested in real estate lately. Specifically the apartment rentals and complex industry. I was wondering how I could prepare or learn the ropes for the future. I've seen that there's a lot of money to be made in B and C class apartments and have just been really wondering what the reality of it is. What I should expect and what I should do in order to give myself the best chance of being successful. submitted by /u/Simmidic_24 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wu03ro/19m_what_should_i_do_if_i_want_to_be_successful/

I know I’m probably beating a dead horse right now but the market has me genuinely spooked. Backstory - my wife and I purchased our first home in 2018, refinanced during COVID around 3%. The problem is our growing family. We want to move out of state and into a bigger house. We have two kids, I work from home and genuinely there isn’t enough room in our house anymore. We owe right around $200k on the house and comps in the area over the last year have gone anywhere from $390-$430K with prices starting to fall over the last few months. One of two things needs to happen: rates need to go down (not going to happen) or the market continues to fall because of high interest rates. Regardless, our home will never be worth as much as it is today or was yesterday. I want to get out ASAP and get the equity while I can. Is that a stupid way to think about it? Genuinely if we hadn’t outgrown our home, I would suck it up and stay because our mortgage payment is fantastic right now. My first instinc...

I’m in the process of moving my family out of state to where I live. My family has been in their home for 34 years, the house was built in the 70s and it needs some upgrades. My family home is on a rare piece of property for the area (acre and a quarter of land). That being said, I don’t know how old the roof is, I don’t think the hvac units are super old, it needs all new flooring and in the past had termites but my dad had it treated. I had some comps run and the agent stated 800k-1mil, realistically looking at 900-1mil. We have a neighbor who stated they were interested in the home, it would be an all cash offer (we haven’t fully talked numbers yet). I have never sold a house before, I don’t know what would be a realistic discount if any should be offered in case it does need a new roof and etc. If anyone has any advice, tips, or tricks I’d love to hear it. Would I just need to work with an attorney to get documents drawn up for this or would I still need an agent of some kind...

Yesterday a house was put on the market and I scheduled a showing. A few hours later the showing was canceled and the house now says it “temporarily off the market”. I have asked my realtor about this but I haven’t received a response. Does this mean someone else put an offer on it? submitted by /u/Own-Negotiation-1422 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wt9eyo/temporarily_off_market/

Aspiring downsizer here. Potential new commuting requirements at work have me looking in an area where the townhomes are two-story with one full bathroom on the second floor. I can live with only one shower/tub, but I'd really like two toilets. I have kids, and I am also just aware of how fleeting mobility can be. Having to go upstairs to use a bathroom and/or only having one toilet feels like a problem waiting to happen. Would you immediately reject these? Should I resign myself to a longer commute to get 1.5 bathrooms? Or should I get a contractor to quote adding a half bath on the main floor? (I think it's possible if it goes in the laundry room with a stacked washer/dryer?) Please share experiences, good or bad, with a one-bathroom household. submitted by /u/misfitmpls [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wt859r/would_you_buy_a_onebathroom_home/

32 male. I'll have about 80k in equity from selling my current house. Plus be putting down 30k. SE Michigan/NW Ohio area. Not really a real estate hotbed, but I've now lost 3 houses to cash offers in the mid 200s. Who has this much cash sitting around? These are not houses people in their 50s or 60s would be buying who could pull from retirement. This is insanity. Rant over. submitted by /u/tigersfan829 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wsw33d/where_are_people_getting_this_much_cash/

How is your life different from switching over? Are things easier/harder for you? Was the test very hard? Feel free to share your experience. submitted by /u/juicydreamer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wssixz/what_made_you_take_the_leap_from_agent_to_broker/

Is it a red flag if a home buyer (flipper) has listed an option period of “0” days in the TREC contract? submitted by /u/GlovePlane6923 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wsf3yz/option_period_of_0/

I’m considering a few properties and trying to figure out whether recorded easements could affect where I can build. So far, the process seems to involve finding the parcel through the county GIS site, pulling deeds and recorded plats, tracing prior owners, searching for separately recorded easements or restrictions, then translating the legal descriptions into something I can see on a map. That feels like two different jobs: finding the relevant records and figuring out where an easement actually sits on the property. Are there tools that handle both? Ideally, I’d enter an address or parcel number, get the relevant records with links to the originals, and see which easements can be mapped. For buyers and agents who deal with this regularly: how do you research easements now, and where does the process most often break down? submitted by /u/rbprepin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wrkaph/how_do_you_check_for_easements_b...

I am currently home shopping. Maybe you have a different opinion on this but I believe AI staging hurts a listing significantly. I have shown up to view a few houses and I'm always immediately turned off when the pictures oversold what the house actually looks like. This just seems like such a bad way to sell something. submitted by /u/MrIAmMe2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wrk0f9/the_ai_staging_has_to_stop/

I’m sick of seeing these videos on IG and other places of real estate agents acting like they’re so big time business genius. They just show houses for a living. I used one for my first home but never again for commercial or rentals. They literally just stood there as I checked out my house I want to buy. Completely useless and irrelevant. Why does this job even exist? And why do yall use one? submitted by /u/Brief-Sandwich-7396 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wre53m/anyone_else_annoyed_at_agents/

Hi I moved to US a little over a year ago and it sickens me that I can't find a single state where there is no property tax submitted by /u/Clana4ever [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wr2w7f/why_do_people_in_the_us_accept_not_ever_owning/

Hi and thanks in advance for any advice. I'm looking into potentially selling our current home in GA, bought in 21 for 240k. Our current zestimate is around 350k, leaving a total equity of 140k on the absolute high end (we owe 210k on loan). We've lived in current house for 5 years, but have noticed that it isn't what we really need. We would like to downsize and potentially get some land. We have a few options in a comfortable price range, but to get there, we would like to sell the house as is. My question is; would it be advisable to proceed with this? The equity would be used to clear debts, allow wife to be a SAHM, furnish new home, and give us a hefty safety net. We've calculated on the extreme ends, even if we only get 320k from sale, we can make it work. submitted by /u/BTSykes [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wr20w8/house_sell_advice/

My Realtor so far, Offer was excepted on a Sunday night 9/13. Said she would give me info that night on where to send earnest cash. Emails me Thursday 9/17 with info, Deadline is 9/18. Luckily it was a local place and I ran the check over that day. I've gotten 3 lender quotes each one took her 2-3 days to send documents to them. I scheduled inspection 9/18, told her it would be 9/24 9am. I texted her on 9/23 about sending documents for the second time to another lender. She then replies "is the inspection still tmrw"? I give her the inspectors info again. No response after that. Im at work the next morning and call inspector at 7am. No he has not heard from her. I called and got sent to voicemail and texted with no response. I had to track down listing agents number and call them to let the inspector in. She did not show up for inspection. I got back from inspection at noon and called her no answer. Then she texted me and said I'll call you shortly, finally called me ...

There's a rowhome near me that has been on the market for about 2 and a half years. They made some *opinionated* renovation choices and they haven't gone down in price much. They've gone through a few agents too. Anyway, they have an open house pretty much every other weekend. It must be well over 80 open houses by now. Those poor agents... submitted by /u/jnwatson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wqtffo/most_open_houses_on_a_single_property_youve_seen/

Curious about a home and the assessed value and taxes associated with it. It was seeing normal prop 13 increases prior to a 600k sale in 2018, the following year it shows the reassessed value reflecting the 600k sale but then the following year it drops by almost 50% and then continues with prop 13 small increases. What could have caused the 50% drop in assessment and taxes in 2020? 2026 -- $335,103 +2.0% 2025 $3,562 + 2.2% $328,533 + 2.0% 2024 $3,486 +0.0% $322,092 +2.0% 2023 $3,486 +7.5% $315,777 +2.0% 2022 $3,243 -0.5% $309,586 +2.0% 2021 $3,259 +0.9% $303,516 +1.0% 2020 $3,230 -49.0% $300,406 -49.9% 2019 $6,337 +290.9% $600,000 +296.2% 2018 $1,621 +1.9% $151,429 +2.0% 2017 $1,592 +1.8% $148,461 +2.0% submitted by /u/SubseaSasquatch [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wq95rw/what_would_cause_a_nearly_50_reduction_in/

Take into account all the stress and struggles on both sides. Weigh into the equation being a buyer with all the unknowns and first time large purchase with account being drained and also a seller (for the sake of argument making a good profit from living in the house for years) leaving the stress of the old home behind and looking forward to an upgrade. submitted by /u/Ubiparipovich [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wq8djn/what_is_more_exciting_being_a_first_time_home/

I'm from Italy where we have no property tax on primary residencies. I'm looking for the same deal here and so far it seems impossible to find. Is this not something Americans are fighting for? How horrible it must be to lose your home from not paying taxes! submitted by /u/Clana4ever [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wq1a57/hello_im_looking_for_a_state_with_no_property_tax/

There is an absolute flood of posts all over this platform and others that seem to basically say "my hypothesis is/was that because rates are high and all kinds of other headwinds, houses must start selling for less" and then go on to bemoan that this hypothesis has been proven wrong month, after month, after month. I would love to save everyone (hopefully) some time, effort and emotional distress by just saying flat out, markets are irrational. They can trade in irrational directions for much longer than you'd think. Even if you're right that higher interest rates "must" depress real estate values at some point, that "some point" can still be very, very far away. There are helpful things to know about real estate when trying to purchase a home. One of them is that, in general, people who buy a home, and either improve it or maintain it properly and hold it for around 7 years usually make a meaningful economic return that beats renting by quite a...

We sold our townhouse in peak times in 2023. Sold from one day of open house. No cameras anywhere. Now in the process of buying again and mostly every house has a ring door bell (that I get), but a lot of listings have cameras in every single room. It makes me feel weird as a potential buyer. And agents are weird about them too, saying not to say anything about the house while inside. Is this the norm now? Is this for security or just the ability to be nosey and gather real time feedback? submitted by /u/GlitterBombBomb [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wpc54o/are_cameras_necessary/

We own a home in Orange County, CA, where the average price of a home is $1.6m. We got our home for $1.2m. I just checked my Monarch (a financial management tool) and our Zestimate dropped from $1.2m to $850K in a month. What is going on? Is there some kind of serious crash that just happened? Or is it some algorithmic error? submitted by /u/Interesting-Proof244 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wp8p83/zillow_zestimate_dropped_by_350000_in_one_month/

After years and years and years of trying to save up for a house we keep getting hit financially with expenses, so much so we moved in with my husbands family. 2 girls under 3yro and digging out of debt. I don't even know where else to post this but is there anyway or any resources that help get a house for extremely low costs in this economy. I'm literally crying because it's going to take us at least 10 years to get out of the position we are in. We don't even get approved for a USDA loan because we filed bankruptcy (chap 7.) I'm even on the verge of begging for money on the street so save for a house because the market is so bad. We went from 780 credit scores to 550 because of our chapter 7 bankruptcy trying to afford food. There has to be some type of program. We've contacted churches and we applied to their programs and most were closed. Most you need to be in a homeless shelter to qualify. submitted by /u/goldenpizzaaa [link] ...

Hello, I (25m) have a house in TX, that i am cleaning and getting ready to put on the market at least that is the plan. It was a custom built pier and beam woth extra piers for extra foundation support built in 1959 for $25,000. I also do have the original floor plans. it sits on .5 acre in town. It is 2350 sq ft with a garage, in town on half an acre. I bought it last year in 2025 for $197,000 on an FHA putting 3% down and having a 6.5 interest rate. I never homesteaded and pay $2136 monthly mortgage + escrow currently. It went up from $1845 last year. My electric rate also went up 4 cents from 7 to 11. The previous owners had lots of kids and pets, so the walls were colored and painted on and looked horrible as the kids colored on the walls and some look like they painted on them too. the walls originally some worn out cream painted color. I repainted all the walls behr ultra pure white and they look new. I also replaced all the outlet cover panels to be new. I also brought the ele...

A relatively new friend, let's call her Nancy, is a realtor and agreed to help me find an apartment. We discussed my criteria, and she was initially enthusiastic, but her communications to me have been pretty sporadic. After a week she sent me some Zillow listings, and after I expressed interest in one, she tried to arrange a viewing. She was unable to arrange it and she told me to use Zillow’s “Apply Now” option. I later sent her a Zillow listing I was interested in and asked whether I should apply myself or whether she would arrange a viewing. It’s now been two days with no response. It’s been about two weeks since I first contacted her, and I feel like I’ve made very little progress. We never discussed whether she was my exclusive broker or how much she gets paid. No paperwork has been signed. What should my expectations be here? How involved should a realtor typically be when helping find a rental? Should I be asking Nancy to set up Zillow appointments, or should I just appl...

Not sure what to do here. Sold a house and closed the end of Q2. Very easy transaction, nothing out of the ordinary. On the closing sheet we had a refund of about $400 for pre-paid real estate taxes to the town for the current quarter (Q2). All other taxes were paid and up to date. At closing, the buyers pre-paid about $2501.23 in property taxes for Q3, although the actual taxes owed for Q3 is $2,581.19. (numbers have been changed) About 3 months after closing, we get a check from the title company for $2,581.19. The exact amount of the taxes for the quarter we did not own the house (Q3). I can assume they meant to send the pre-paid taxes to the township and not the seller? But that's a pretty big error to make. The check even says "Q3 propery tax refund". We didn't own the house in Q3. And when I go to the township tax assessor site, it shows Q3 taxes as paid ($2,581.19). I got the check a few weeks ago waiting for them to realize their error and ask for the chec...

Ignore all the relationship stuff for now, and let’s say I wanted to own or renovate a home with the shared spaces of a kitchen, living room, kids bedroom/bathroom, even an office, but with 2 separate bedrooms and private entrances and bathrooms? Maybe a kitchenette in each but it’s not necessary. What would be the most cost effective AND quickest way? Find a home with a layout that can be easily converted/renovated (add an outside door, bathroom if needed, ect)- I like this idea the most. Find a single family home with a decent backyard zoned for an additional unit and buy one of those studio homes from amazon or have a builder make one that includes a full bath. But does this need to be legally approved by the city and can that take a long time? Find a duplex (this can be more difficult (depending on your area) Start from scratch new build We have around a million dollars all in, which might sound like a lot, but we are in a second tier very popular city that is right below w...

I'm trying to weigh my options with a vacant lot next to my house. So I live up in the foothills in Los Angeles, and managed to buy the vacant lot next to my house. It wasn't crazy expensive, and we used a HELOC to buy it. There's a few pros and cons of the lot. Pros: Quiet street, nice view, there's a natural stream on it. Up in the hills and could be very picturesque. Cons: Not in the most desirable part of LA. We are far enough up in the hills that we have to be on septic instead of sewer. So here are the options as I see them. But I'd love some feedback and ideas on what to do. Build an ADU and rent it out. My wife and I's alma mata is near by, so we would probably try to rent it exclusively to students there. I feel like this would be the safest way to avoid most "renting pitfalls". The septic gives me a bit of pause to be honest though. Build a house there and sell it. I feel like this is the smartest and easiest option. Just build a nice...

Currently looking to use my GI Bill and want to move to NYC but don’t know how to best set myself up situation wise. Initially I was ok with renting (as my rent money will be coming from my GI) so money never really factored in. But after thinking, it would be smarter to actually buy a property to have something tangible that the money is going to Is anyone familiar with any resources or materials I could use to research nyc specifically? In terms of bear markets and neighborhoods for investing in? submitted by /u/mdafidel1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wn6u1k/investing_in_nyc_real_estate/

My wife and I have been looking to buy a fully renovated home originally built in 2011. The original roof is a 3-tab shingle style, and it is at the end of its lifespan (15 years). I am worried I'm going to face some insurance issues, as well as staring at a roof replacement in the foreseeable future. It's in a development, and there are only a few houses with original roofs left, this one included. This house has been on the market for a full year. It started at 450k and has, over this year, gotten down to 380k now (originally bought by an LLC about 2 months before posting a year ago). Is it unreasonable for me to ask for a credit to replace the roof, or to have it replaced before closing? Located in SC. I'll add I'm also using a VA loan. submitted by /u/ImportanceBetter6155 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wn30t9/looking_to_buy_house_with_15_year_old_3tab_style/

In Indiana. I really wasn't all that enthused to sign a representation agreement yet, but circumstances forced me to move quick (only to find out later it was all for nothing, but that's another story). So here I am, bound by a buyer's agent contract with an agent I haven't heard from since 8/23. He showed me a handful of properties that day, one of which was a strong contender, the rest very much were not (and each met only one or two each of the various requirements and preferences I'd shared). That day ended with a plan for him to investigate two other properties of interest and arrange showings. He was upfront at that time that he had pre-planned vacation the following week. 2 weeks later I followed up, reiterating 1. that the one property we'd seen was of strong interest and 2. I'd still like to see at minimum one particular other, possibly an addition one or two. I received no response to this message. Since then, the "strong contender" i...

Hi all! New to this particular sub and looking for a little guidance if anyone has the time and knowledge. Ok! A little back story... Currently own a house, and am in the process of getting the house ready to list. It's an ok house for someone, that someone just wasn't me and my husband. Found a house in the same neighborhood with the layout we want, and the things we want. House has some very obvious problems, and is owner/agent. She shared the punch list from a buyer who backed out, and some of the things are legitimate. She's addressing a few of the big, 'duh' things, but leaving most of them and basically selling as is. The things she is not addressing are: She had the roof replaced, but didn't address issues with the built in box gutters, which is about 3k to repair (had a contractor determine this price). Two windows have glass sliding out of the panes, and they'll need to be removed and re glazed (house was built in 1921 and has original windows)...

My dad owns a house that was my mother's parents house. He is too old to deal with it. The last renters moved out and we decided to sell it. My sister and I are helping my dad. My sister retained a realtor that she knows, and my dad signed a contract with her. The first thing the realtor did was get inspections and write up disclosures. We had not even gone over ourselves to clean up and look at the property (it is in another town). Similar houses in the area are priced in the $630,000s. It is a 55 and older community in a HCOL area. We planned to put it on the market at $595,000, as it needs a roof and gutters. She told us she had an offer for $525,000. We laughed and said, "no." We were there with a contractor seeing what we wanted to fix or update (it has not been listed yet), and she called with a new plea of how low we can go. We said $575,000. She said $550,000. So we said $562,000 split the difference. She said her guy was firm at $550,000. Both my sister and I ...

Hoping to keep this short but I want to add some details for targeted advice. Currently renting after divorce forced a short sale 2 years ago. I spent the last year paying off almost all my debt, and have $30k saved for a downpayment on a home. My ex wife managed to get an FHA loan through some loopholes and the loan officer is trying to get me through for an FHA loan based on the same loopholes. If not I do still have SOME form of VA eligibility left although its a lot worse due to the short sale (max $285k and must put 5% down, plus funding fee is higher due to having bought 4 previous homes through VA). I have 2 kids (9 and 7), and am looking at homes below $350k but really want to be around $330k. Here is a breakdown of my financials: Income: 122k Debt: $250 child support and $250 student loans Current rent: $1750 Current savings per month: $1500 So I'm saving $1500 a month, and I also have side work that pays me UP TO $2000 a month, but I don't want to rely on it becaus...

I found a home I love, by chance. New home build on the "quick move-in" list. Price was roughly $400k, sqft is a bit smaller than others in the build community, around 1800 single level (others are around 2200-2500, selling $450-$500k). Hasn't sold in 3 months. They've lowered to $360k. Comps are roughly shy of $340k and they're practically begging for an offer. I want to ask 10% under current asking, which would be ~$325k. The lot size is a bit smaller than the others, 35 rather than 40. For a single person or new family it's perfect and would appreciate well. Would I be silly to offer this? I mean, worst they say is no and counter, right? submitted by /u/knottycams [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wlxokb/is_asking_10_under_asking_price_bad_new_build/

submitted by /u/SelectiveLoner [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wlr0yf/does_having_a_real_estate_license_benefit/

Loving my new house, not loving the problems we’ve uncovered. Knew there would be some but we’ve found the addition to/expansion of kitchen has no foundation support underneath. It’s in need of stabilizing. We had a home inspector note some minor cracks that needed retucking, and another inspector noted nothing. Well it has taken me two months to manually move a ton of debris, broken up concrete, bricks, construction materials out from under the deck to even be able to get to a piece of wooden lattice screwed up and blocked with concrete blocks (probably to keep animals out?) to get to the portion of addition which is under the kitchen. The foundation guy says the side wall of house has foundation, but not the back wall of kitchen that leads up to deck has no stabilization. They put bricks and concrete up to look like a wall but he said you could actually push it down now it’s not doing anything. And that what is supporting it is set on just dirt, not concrete so it already has sunk ...

I'm buying a house in the Atlanta, GA area and we're supposed to close on 9/30. We're already past the due diligence period, and I've run into an issue with the backyard deck. The house has an elevated ~250 sq ft deck that was just renovated within the past month. The seller says they only replaced deteriorated foot boards and painted the deck, and that they didn't do any structural work or expand the deck so they didn't need a permit. The problem is, it looks like the joists and possibly other structural components were replaced, which from what I can find means it did. As part of the sale agreement, the seller has included cash for repairs to the deck from the inspection, which includes replacing the main posts. That raises another question: if structural repairs need to be done, shouldn't the appropriate permit be pulled as part of it and included in the bid? I have since had two carpenters examine the deck, and both said that not only would the suggest...

I’m a single female in my 30s and I wanted to see an open house because I want to know what to look for when buying my own home. I have never owned a home and I only had an apartment for a little bit. I live at home with my parents and I have no idea how any of the home buying process works. Or what to look for. I’m trying to do adult activities instead of sitting at home all day. I saw a big single family house. It had like 5 bedrooms. It was old but kind of nice. I spoke to the realtor and pretended to have a fiance and that we were looking to live somewhere between his family and my family. The realtor asks why my parents couldn’t come. Then to possibly come next time with my fiancé to see it together. Omg I felt like he knew I was lying and I was so embarrassed submitted by /u/briogeosucks [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wkzakq/i_just_went_to_an_open_house_because_i_was_bored/

relative of mine wants to get into real estate and think it’s easy to get licensed. how does that work? submitted by /u/rosewoodlliars [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wkslt4/is_real_estate_a_good_part_time_job_for_someone/

We have moved closing twice now because of our buyers having lender issues. First time we were told the lender was moving to slow so the manager took over. Now we were set to close on Friday packed everything up pulled kids from school only to be told that morning the buyers didn’t meet a condition to clear. The buyers need 3 months reserve and don’t have it. So they asked a family member. She sent the lender a letter stating she was sending money to our buyers and is pulling from her 401k to do so. They are telling us the money will come in next week and want us to extend to 9/30 we said they have until 9/25 and we will re evaluate. We are paying all closing costs already. And we need the profits from this house to get into our new home. Does stuff like this happen or do we just have bad luck? submitted by /u/telsonnelson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wkn7qo/buyers_having_trouble/

The HOA for the small townhouse community that I live in is managed by a propery management group called "Homeside Properties." I'm struggling to understand if this is even a legitimate company. They take $200/month from my account yet they are impossible to reach by phone and never respond to any emails. Even stranger, their yelp page has 1.3 stars which matches my experience with them, but their google reviews have 1500+ 5 star glowing reviews that sound mostly AI generated mixed among what seem to be legitimate 1 star reviews Has anyone worked with this company? Are they actually a legitimate company? submitted by /u/Tiaan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wklxea/is_this_a_legitimate_property_management_company/

When I have time, I plan to look over the proposal; I am not a lawyer, but figure I can bump through it well enough. Can anyone give me feedback on any pitfalls to look for? I'm concerned about who has to maintain the area, any possible easements, and potentially any loss of walking paths that are in the area they are proposing. I know the location is near a major intersection on the edge of the neighborhood, and the area is just desert with desert plants; it shouldn't be near any actual homes, from my understanding. Edit: Both options are literally within a stone's throw from houses, but on the complete other side of the neighborhood from me. I assume that those homes will be full NIMBY on this as it'll be an eyesore. 2nd edit: Lease terms are interesting; one is 50-year term with $1,000/month rent and 1.5% annual escalator. The other is a lump sum buyout at $175K for a 99 year easement. submitted by /u/Butt_stuff_preferred [link] [comments] ...

As the post says, I finished my basement (VERY high quality) cabinets, wet bar, recessed lights, studded, drywalled, and insulated including ceiling. Added 4th bedroom 100% to code with smoke detector, closet, and egress. Problem is I opted not to pull any permits (my fault). I have zero concerns for the basement meeting code and passing inspections but I am wondering how concerning this is for a potential buyer when they find out there was no city permit. Can I still realistically list the house inclusive of the added bedroom or is this going to be a major problem? Thoughts, concerns, recommendations? submitted by /u/CharacterPianist1673 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wjv86e/finished_basement_and_added_bedroom_with_no_permit/

Wife and I bought our first home about 3 months ago. It was an unusual sale. We bought from her grandfather and didn’t use a realtor. We had the home appraised through the mortgage lender for 550k and he sold it to us for 450k such that we didn’t need a down payment and gained some instant equity. I won’t go into all the details, but there are reasons he gave us a discount. For example, all of his stuff is still in our unfinished basement. I would’ve never bought this house had he not given us a solid deal. I’ve always been a neurotic and anxious perfectionist type. I am unhappy because I am constantly stressing and ruminating over what this home’s value is truly worth. For example a Zestimate just released for the first time and is showing $444k and it totally killed me inside to see that. The way we came to 550k feels silly and largely made up. I feel like we may have been played by our mortgage broker. We liked the home and were excited and eager. I learned a lot through the proce...

Not sure if this is a reasonable request. Hoping to just ask our agent to ask the sellers agent to ask the seller (huge game of telephone) what his average utility bills are. Is this a normal question to ask? submitted by /u/iloverats888 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wjpv6k/can_we_ask_our_agent_to_ask_the_seller_that_his/

I'm in the metro Atlanta area and inventory is plentiful and homes are increasingly having 90+ days on market. I understand that as a listing agent, you can't force the seller to list at a certain price, but my goodness... Maybe I was lucky each time I had a listing. But my sellers agreed to my suggested list price, and all of their homes were under contract quickly. In this market with increasing interest rates, hella inventory, and longer DOM, I don't understand these inflated prices, especially from sellers who have only been in their homes for a couple of years and haven't been in the home long enough to gain much, if any equity. There's a house my client is interested in and it's listed at $675k. There are 5 other homes for sale in the subdivision ranging from $489k-$599k. The home for $599k has a fully finished basement, while the one for $675k has a partially finished basement. The home for $675k is newer, and the floor plan for my client is more desirabl...

I noticed that Zillow and Redfin has email updates you can set as notifications for new listings in your area based on your criteria. I’m not sure if this is extended to the Zillow and Redfin IOS apps. Are there any apps for iPhone or Android that notifies you through your phone when a property has changed status? I think if someone were to make an app like that, it would be extremely useful to help organize your real estate portfolio. Sort of like eBay notifications and how you can get updates on your saved listings. submitted by /u/BenKlesc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wj5w66/are_there_any_apps_that_give_you_notifications/

We are about to close next Wednesday, on a home that has taken 45 days to close. We’ve already put in our 30 day notice at our apartment and will be out of home next week as well. The seller says that he cannot change his vacation, and won’t be able to close until 2 weeks after the original closing date. We don’t want to extend it beyond the closing date because we won’t have an apartment a day after the closing date, our movers already prepared and everything is boxed up and ready to go. Our Realtor suggested to their agent and to the seller that they allow the title attorney office to be his Power of Attorney. The seller refused. What do we do? First time home buyers and we’re very afraid and fear we may have to put things in storage and get a hotel temporarily for an unnecessary 2 weeks while the seller goes on vacation. Help? submitted by /u/travelingbozo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wj5669/the_is_seller_is_unwill...

My family owns 89 dismil (~0.89 acre) of ancestral land on NH-57, Odisha . It’s a regular/square-shaped roadside plot with good frontage and direct highway-facing access , potentially suitable for petrol pump, farming, storage units, or other commercial use . 📍 Location: BBSR-Sonepur-Balangir Highway (NH-57) 📏 Land: 89 dismil (~0.89 acre) 🚗 20 km from Sonepur | 35 km from Boudh | ~290 km from Bhubaneswar 💰 Expected: ₹2 lakh/ 👤 Direct owners, no brokers We’re considering selling it primarily to build a retirement fund for my father . And if anyone is genuinely looking for NH-57 roadside land , feel free to DM me. submitted by /u/siachenbaba [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wisiiv/how_would_you_sell_1_acre_of_roadside_land_on_nh57/

I’m quite frustrated with the filtering of sites like Zillow not allowing for OR conditions nor complex strings and I would rather locate listings like I do for data at my job — with SQL. I used to have a real estate tech job and we had all the various MLS‘ data around the US for market analysis updated daily, pretty sure through some pricey corporate data broker. It was very easy to just query it all with whatever complex criteria I needed to include. I’ve not worked there for years at this point. How or where could I do something like this as an ordinary buyer? Looking in Sacramento county in CA. Thanks in advance. submitted by /u/customheart [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wig68z/any_way_to_query_an_mls/

Hey there! We are about to buy my parent's house from them and utilize gift of equity. The home appraised for $515,000. My parents are selling it to us for $415,000. The gift will then be $100,000. We were under the impression that my parent's would walk away with around $415,000 from this sale and we would have $100,000 for our down payment ( I am purposefully leaving out closing costs and fees and stuff to keep these number simpler). My dad just got his Sellers Settlement paperwork and it says he will walk away with $315,000. It subtracted the $100k gift of equity from his sale proceeds. Is this correct? We were under the impression that the gift was the difference between the sale price and the appraisal value and that he would walk away with the money from that full sale. Everything I am reading online pretty much says as much, but the mortgage and title company says that is not the case. What am I missing here? Or is there some kind of misunderstanding on their end? Help ...

Hi there, we enclosed a space in our home to take it from a 2/1 to a 2/2. No change in heated square feet. We’re so close to dropping PMI, and recent comps are priced $50-80k higher than when we bought so I feel good we’ll get a higher appraisal. Im curious what downsides, if any, might exist to have my house show an increase in value? The county increased our building value to reflect the change, but the assessed value increased at the same rate as previous years, as if there has been no change. submitted by /u/balanchinedream [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1whxe0b/any_downside_to_reappraising_your_house_after/

We bought my in-laws' house about four years ago, thinking "Eh, there are a few projects we can tackle over time," but those projects have multiplied and are less "fix it up" and more "tear it out and start over." It's a 3 bed, 2 full, one half, one quarter bath with essentially two living rooms, kitchen and dining, a finished basement, and a two-car garage. Despite its issues, it's in a good (not fancy but desirable) neighborhood in the Kansas City metro. It's big, too big for us. My wife also did not realize that appraiser and inspector were not the same thing. I was out of state when the "inspection" took place and passed, but it was actually the appraisal. Had we gotten a formal inspection, I probably wouldn't have bought the house. Anyway, we have decided we want to sell in order to get something smaller but nicer. Problem is, interest rates are up and the house needs foundation work, two bathroom remodels, and probably...

I was lucky enough to buy my current home 10 years ago, and we only owe about 100k left on it. We are projected to sell for about 450. It was never meant to be a forever place but you know…here we are. A house went up for sale in my ideal location (close to family). It’s a gut job- termites, smoke damage, mold. I spoke to the seller who was really nice and said he’d like to give a family a fighting chance to get this but already has builders making offers. Once the builders swoop in we’re fucked. They’ve bought up everything in town and flip them for millions, effectively making it so that no one from here can live here anymore. I feel like this might be my chance to get the location we’ve been wanting for so long. I have meetings with our financial advisor, real estate agent and a friend who owns a building company to get as much info as possible on how daunting this will be to really start from scratch and build on our own rather than trying to get an already flipped home. But I’m ...

My brother & I have lived here for about 2 years, our mom rents the other side of the duplex. It's 2 acres & in disrepair; the roof leaks, the doors all get stuck, I've had to replace every faucet since moving in, the floor boards are uneven & not installed correctly. The carpet is permanently stained with urine from the previous tenants (dogs & kids lol). We got rent really cheap because the previous tenants absolutely trashed the place & we cleaned it up ourselves. She & her husband leave us alone most of the time. They let us do whatever, as long as we pay rent. I communicate & ask for permission for anything big (fencing the yard, expanding my chicken run, planting trees). The agreement states that they're supposed to handle outside maintenance, like the lawn, however they haven't. My mom mows the place herself. I repair anything that breaks unless I absolutely can't figure it out. My brother has 9 dogs, as he's a dog trainer. D...