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/