And the other buyers are private equity groups like Blackrock. Top 5 States for Foreign Homebuyers—Where Nearly 50% Are Paying Cash for Homes submitted by /u/Minute-Intern-682 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1viqfec/florida_california_and_texas_remain_the_most/

I reside in a three-story house with a basement and an attic apartment that have been remodeled. The main floor, however, remains in disrepair and it’s not in the pictures of the house that’s up for sale. Two weeks ago, my landlord cousin informed my uncle that the property was up for sale unexpectedly. It was strange that she didn’t even mention it to me since I’m the one paying the rent. I’ve been complaining about numerous maintenance issues in the past six months. It appears that the landlord is reluctant to address these problems, as it took him an eternity to fix the hole in the wall caused by burst pipes in December. My landlord cousin, who is also a handyman, finally fixed it. She mentioned that the property has plumbing issues and that the pipes keep breaking during the winter, the owner, her cousin is too cheap. Now, all of a sudden, the property is up for sale. A few days after the property listing went live, the realtor had contacted me because the landlord cousin gave out...

Hello. I’ve been having issues selling my home as it is owner occupied, and I was looking into options to tap into my equity in order to move into a new home, leaving the one for sale vacant (+ making minor repairs). I’ve been looking into a HEI through Point. “ Point's Home Equity Investment (HEI) provides homeowners a lump sum of cash (typically $30,000 to $600,000) in exchange for a share of future home appreciation. It features zero monthly payments for up to 30 years, no income requirements, and accepts credit scores as low as 500” According to their calcs, if I were to borrow $40,000 of equity, as long as I sell my home within the year, at around the price of my current home value, my total repayment would be $47,590. This repayment remains $47,590 even if I sell it for a bit more. However, if the home did not sell and it were to take say, 3 years, I would owe north of $70k. Is there more to this? Does anyone have experience working with Point… Worth the risk if I am looki...

There’s a house we’re interested in that has gone pending/contingent multiple times within the past year. It has never actually sold and each time it’s listed it’s about $50k less each time. Judging by the pics it doesn’t look bad and based on area it should be selling for more than what it’s listed for. Before we go and start anything with the house what are some reason people have run into houses not going through with the sale? submitted by /u/Admirable-Bee-4708 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vi65bg/reasons_for_a_house_to_go_pendingcontingent/

We live in Eastern Massachusetts (coastal town) and just bought a new home that we're moving into towards the end of August. Our agent is suggesting that we wait to list our condo (2b,2b) until after Sept 1, with an open house on Labor Day weekend. She says that the last weekend of the summer is always a bad time for open houses, while people who are looking will come to an open house on Labor Day weekend. We trust her expertise in the local market, but it just makes us a little nervous, because we thought holiday weekends were generally considered a bad time to list. What do you all think? submitted by /u/dagaetch [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vi481h/when_should_we_list_our_condo/

For those of you who go with a spec home, vs a custom, what are the reasons? Also same thing for those who go custom. Thanks. submitted by /u/Witty-Atmosphere-211 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vhdz4w/spec_homes/

We are in Oregon and bought our house in 2023. it’s an older house (~90 years), on an acre within city limits, and has a well and septic. We love it and want to make this our forever home. When buying, there were a lot of issues identified on inspection. New roof was need, foundation needed shoring up, etc. It’s an old house that could have been maintained better for sure. We got bids for all the proposed work and used those to receive credit at purchase. The DEQ septic inspection was done by a local company that still provides septic services in our area. It said our collection tank was 500 gallons, made of concrete, cracks were forming, and it should be monitored for replacement. The inspection did not include the distribution box or drain field. This was acceptable to us and we did not seek credit or a price reduction for the septic system. Fast forward to this week and we had out septic pumped for the first time for preventative maintenance. The technican opened the lid, which w...

Basically we are under contract to buy a place that is in a different school district only a 4 mile drive from our current house, getting the kid there wouldn't be an issue, we are actually closer than the new house is. Buying this house has a contingency on selling our house - its a rural area and its the top of the market so it could take up to 3 months. The sellers understand this, its a FSBO/no agent deal, our friends live next door to the house and the sellers are happy to sell to us. If it takes too long I'm qualified by the bank to take on the 2nd mortgage as well, but obviously want to avoid that. School starts the 2nd week of September. Our kid did pre-kindergarten for 3 & 4 year olds at the same elementary school that kindergarten is at, so its "his friends". We could pay a small tuition to enroll our kid into kindergarten or have the sellers "lease" to us for residency until we can close to get him into the new kindergarten at the beginning...

I’ve been an agent for a few months now and I just don’t know where to start online. I’m in the standard “attractive female” category by other’s opinions so posting online shouldn’t make me shutter but it does. Idk what’s holding me back from posting on FB. Maybe I’m afraid of what some people might comment? Idk. I also don’t want to seem too sale-sy to my real friends. Did any of you overcome your aversion to posting online? Where do you even start? Is it possible to be a low-key agent and not post a bunch online in this day and age? submitted by /u/juicydreamer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vgxffl/can_you_make_it_in_real_estate_without_posting/

I live in a judicial foreclosure state (Louisville, KY). I have a neighbor who has been causing a lot of disruption and recently found out he is involved in a foreclosure case. Here is what I have learned about it so far from other neighbors and looking at the public records I can find online. His mother was in the house before and died last year. He now occupies the house. A lis pendens was filed by JP Morgan Chase in Florida in December. I guess it was originally against her estate and unknown heirs, but this neighbor currently living in the house was added by name in an amended lis pendens in March. I called the courthouse to ask about it, and all they could really add over the phone was that there are warning order attorney's involved and multiple cross claims. I didn't realize on Courtnet you can search by case. I learned today that this neighbor is listed "individually and as a cross-defendent." Louisville Metro is also listed as a cross-defendent. I'...

Hello! We are selling our home to buy our next home and we close on Monday for both transactions. In our contract we requested and were granted 3 days of delayed possession so we can close on Monday and move what we can afterwards, have movers come Tuesday and be done early Wednesday so we can clean so it’s ready for our buyer before the 3rd day. Our buyer has requested their final walkthrough for tomorrow, 4 days before closing. Problem is, our house is packed but not perfect as we still have regular day time jobs and a toddler to clean up after every 2 seconds. Is there anything we can do to make a packed house still look ok? Besides moving boxes to maybe just one area? I just feel bad that they are walking thru a disaster zone because of mid packing, but she requested this early date so I am sure she has a reason for it! Our final walkthrough thru is Sunday at our new house that we know is empty. Thoughts? submitted by /u/ashlynise [link] [comments] source ht...

Edit: We are moving out this weekend. Consensus seems to be retake the photos with the house empty and update the listing with that. Our house is $215,000 - 3 bed 1 bath. We had a kitchen fire two years ago and completely gutted and rebuilt the house. New roof, new hvac, new electric, new insulation, new interior. The works. Our realtor has been fairly uncommunicative and I personally think our pictures are not good. Do you all have any advice? For example, our home has been on the market for a week now and we are about to have our first showing. I suggested we do an open house and we got no response. https://www.zillow.com/homedetails/1822-Rosewood-Ln-Elkins-AR-72727/72868720_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare submitted by /u/LayupsR4Basketball [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vg9rff/we_are_selling_and_im_afraid_our_realtor_took_bad/

So I’m in the process of listing my house. I live just outside a historic district in Tampa, but my house was built in 1918. It’s a fantastic house and I love it a lot, but we need more space and are buying a house where we can live with more extended family. We haven’t actually listed the house yet, and the reason is that we are stressed about “staging.” Tbh it would be fine if it were just my partner and me. We would just throw everything in storage and leave whenever anyone was touring it. But we have a four year old and a newborn. There’s tons of toys and baby stuff everywhere, and I can’t think of a way we could store those for the whole time we would have it listed. It just doesn’t feel fair to my kids, or practical for us. My question is: how do people do this? Is there any way to do this that doesn’t disrupt my children’s lives? How much “staging” actually needs to be done? submitted by /u/Pinkturtle182 [link] [comments] source https://www.reddit.com/r...

Hello everyone! I am in need of some advice. My wife and I bought our home in 2017. It's a 1300sqft 3br 2 br. We now have a 2yr old and 3 month old so we are looking at homes with a bit more space and another bedroom. This is where several issues arise. Our current rate is at 3%, which we know will probably never happen again. We have a lifetime transferable warranty on our pier and beam foundation, which is very valuable here in DFW. We recently had the foundation readjusted, so there are some paint peeling and stress fractures from the adjustment. This also warped some of the stucco on the outside of the house. This is not covered by the foundation company, and is cosmetic. I would like to sell the house and move in with inlaws while we house hunt. We bought our house in 2017 for about 165k, and according to realtor and some listings in our neighborhood I am seeing equivalents at 250-265k. Our home was a complete remodel, so outside of carpets and the aforementioned cosmetic w...

I’m looking for outside opinions because this whole situation has felt strange. A house came on the market in late July. There haven’t been any comparable sales on the street in the last six months, and the house appears to be almost completely original from about 40 years ago. The listing agent told us they priced it using homes a couple of streets over. Our realtor believes it’s overpriced, but the listing agent said the sellers would consider all offers. Here’s the timeline: 7/25: We submitted an offer 15% below asking. 7/26: Offer declined. No counteroffer and had no idea it wasn’t being considered until my realtor reached out listing agent. 7/27: We offer 3% below asking. The listing agent told us another offer had come in but hadn’t been accepted. Since we really wanted the house, we increased to full asking price with a 3% seller** credit at 8 a.m. We heard nothing. Our realtor followed up, and the listing agent was reportedly short and dismissive saying sellers were con...

I purchased my home in Las Vegas in 2021 for 450K. I don’t love it, but it’s functional for my family. It’s a basic newer-ish 3bd/2.5 ba ~1800 sq ft two story home. My rate is good at 2.99%, so I’m kind of stuck. I wish I bought a 4 bedroom house, but it’s too late now. I did spend a little money upgrading the kitchen and landscaping it when I moved so I do like it. The location is super convenient for my work and my mother’s job, and it’s just a good location in general. My mom is selling her house in neighboring state and moving here to help with my teenage kids and will be working for at least a few more years. She hates renting, especially apartments/shared walls (she had a terrible condo experience in the past). She could rent a small home for around $2,000+ a month, but she does have a dog so that makes it a little tricky. If she rented my kids would have to stay over there or vice versa as I will be traveling for work. So that would be a slight hassle. My house is too small fo...

We have been under engagement with our realtor for roughly the last five months. The engagement ends in one month and we are inclined to let the engagement expire and try with a different agent early next year. When we mentioned this to the agent, they pointed out they have a $3k fee for cancellation, early termination or expiration of the agreement. I have to admit to not scouring the letter, as this clause is in there as an "additional term." They did NOT mention the fee prior to signing. I'm not so much asking about the legality of such a thing (though I will take any comments folks might have regarding that), I'm more wondering if this is a common practice. I have never heard of such a thing. The agent did not make the sale, we don't care to continue working with them and we'd like to let the contract expire. This is in Florida. Thanks! e: I'll point out I was not involved in the sale at the time the document was signed. This agent presented my eld...

Selling a house in desirable area which I never lived in for a trust. Did lots and lots of minor repairs. Buyers gave a low-ball offer which we accepted and then the inspector, with some pictures of some minor grout issues, put it as ROOF FAILED CONDITION REPLACE. There's no water intrusion and two roofers said it needs some minor patching. It's Spanish tile and needs grout around the sky lights, one skylight replaced, and one patch of tile needs redoing. Cost is around 3k. How screwed am I? I feel like now every buyer will want a 34k roof job. submitted by /u/fartsfromhermouth [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vedgji/inspector_said_new_roof_based_on_a_few_minor/

Location: DC, USA 4 unit home, VA home loan, buyers occupy 1 unit. At the time of the initial contract, 2 units vacant Seller keys do Not work to open unit 45 day close tenant will be known as " unit 2 " I am the home Buyer in this case; went under contract, and seller approved a visual inspection. the property is great, my wife loves it. At the start, we were considering a VA/FHA rehab. Upon confirmation from our lender, that would extend closing approx. 3 months. we have decided to go regular VA, and use our cash to at least remodel our unit. I met with this tenant while first viewing the property. The initial offer had a contingency for a Feasibility study, and an Information only home inspection. on day 2 of 45 the inspector pulled up for a feasibility. he said he would return with his partner for a home inspection Day 6 of 45 Inspector returns for full home inspection: Unit 2 is not available to to allow entry. The seller agent has notified us that this i...

Just want to hear some opinions on this because this got me really stressed out, and not sure if I'm making the biggest mistake of my life, or not. My wife and I found an incredible house, it was 850 and with the help of our agent we started negotiations with initial offer of 825. Sellers came back at 840, so we sent a final offer of 835, or 830 with right to inspect but no request. Now here is where i think the misunderstanding is: We were told by our agent that what this means is that we dont get to request repairs on small things, but if anything big comes up we can absolutely negotiate. Well sellers accepted the 830. Appraisal actually came back at 830 too. Inspection comes back and there are tons of things, some cheap, some expensive; well i say no biggie, i can deal with it. However, there are about 5 or 6 big safety hazard things. We negotiate and conclude that 2 of those are not a big deal in some people's opinion, so we take them out of the list. Of the remaining 4, ...