We're looking to buy a house and looking to schedule an inspection. A friend that has bought in the area before said moisture detection really saved them from buying a house with issues that couldn't be seen from an exterior survey, and they happened to inspect soon after rain. We'd love to schedule soon after rain, and it rained earlier this week here, but schedules aren't lining up. There is potential rain near the end of our inspection period, but we'd ideally not wait till then so we can get other inspections in case something comes up (possible moisture? mold test, etc) How long after rain can the moisture sensors still reliably detect worrisome moisture through the walls during a summer with temperatures of 90F-70F, and 55 RH? submitted by /u/robobub [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbrz19/inspection_dates_rain_and_catching_moisture_issues/

Do realtors still use notary publics for signing etc.? submitted by /u/Roxchic [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbrqjq/notary_public/

Hi folks, Has anyone here used a DSCR loan to purchase an investment property, specifically a rental? If so, why did you choose this loan and what rates did you get vs conventional loan? Do you still have that loan or do you eventually refi out of it after a while? Thanks in advance! submitted by /u/ihaveagooddog [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbrk90/dscr_loans/

Hey, I'm interested in purchasing a small island lot that's listed at $4500. It has an assessed value of $4900 but the seller bought it four years ago for $990. I can bid under the asking price? If so, by how much? I'm new to this. Edit to add: The assessed value has been the same since they bought it and the land has been for sale by them since August of last year. They have dropped the price from 6,000-4500 in that time span. In your experience, what could I reasonably offer with the hopes of them accepting? submitted by /u/YoureARealCunt [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbr9df/can_i_offer_under_on_this_lot/

Made contact with out of town owners for two lots. ​ One is approximately 1.1 acres of commercially zoned lot. It is very overgrown and has no structures. ​ Second is 1/4 acre lot with small two story house that is in need of pretty extensive renovations. ​ We just moved into house next door and I wanted to try to get these before someone bought and put a trailer park in it or something. I looked up owners info on property appraiser and sent a typed letter to their address. They called today and we discussed. ​ They explained the property has a dark history in their family. Something to do with a brother that took advantage of a relative and is now serving life in prison. They have no plans for either property and asked me what my offer is. I explained I havent done my research yet and just wanted to see if it was available before I put time into it. ​ Questions: ​ How do I go about researching empty commercial property value? It is in a decent location. Centrally located,...

Okay, so my husband and I bought a house about a week ago with a rent-back agreement, The purchase agreement states that sellers occupancy will begin on 7/2/19 and end on 7/12/19 at noon. We’ve been trying to get our internet ready to move over the weekend and spectrum kept telling us that the previous occupants haven’t cancelled their service, so we texted them and they respond saying they were having problems with their new house and aren’t sure when they will be out. As per the purchase agreement, am I wrong in assuming I can just go in and change locks on Friday at noon because it’s in the agreement? The house is located in Wisconsin if that helps any legal things. Thank you! Also I do apologize if this is the wrong flair. P.s I’m super irritated that they couldn’t even tell us this and waited until we texted them. submitted by /u/Krosrightboob [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbqfn8/hello_everyone_i_have_a_weird_real_estate_post/

I heard that these types of loans of 5% down are not existing after the end of July from a realtor I know and you will need to put down 10% or 20%? Is this true? submitted by /u/wcc7902 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbppih/5_conventional_loans_are_no_more_come_end_of_july/

I don't know where else to post this and find an answer, searching online has provided no answers. My grandmother is looking to live on her own at 71 years old and does not earn much income, however, she is still legally married to her husband but they have been separated for years now, reason being they own a house together and do not want to sell. My question is can she live in a senior development even if she is still legally married but separated? submitted by /u/Brudesandwich [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbppif/question_regarding_senior_assisted_living/

My parents bought a house for me which I will buy from them. (I wasn't approved for a loan at the time). Is there a way to avoid paying double closing costs from when my parents buy it and then when I buy it from them? submitted by /u/the_new_dev_guy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbpkx0/buying_a_house_my_parents_just_bought/

Bought home and sellers agreed to paying my closing cost and fixing a inground pool. Signed contract at closing saying it would be fixed. The sellers had already hired a guy of their choice before closing to start fixing the pool they paid him half the money upfront. I got the home and they finished the pool. Nobody ever contacted me about seeing if it was completed or not. Well they fixed the pool and the pool guy told me once I had it filled all the way up with water to call him and he or someone that works for him would come check and make sure everything is good. I filled the pool up and started calling him and he never would call me back or anything well 2 weeks go by and I’ve lost a 2 feet of water in my pool and I thought it was leak somewhere started contacting my realtor when I had waited long enough for him to answer. My realtor contacted the sellers and they both tried getting up with the pool guy and never could.. sell a month and half later of this going on I hire my own ...

I'm trying to figure out my house square footage. Zillow says it's like 1600, but Zillow also says it's 3 bedroom and it's definitely 4 bedroom. Zillow seems to have made this mistake for all the houses in my neighborhood with our floorplan. I'm not seeing square footage on any of our tax documents or house title. I feel like the house is at least 1800. I measured the insides of all the rooms, minus the closests and it's like 1300. I measured including the inside walls and closets and its more like 2000. I haven't measured from the outside walls but I bet that's even more. Searching online doesn't help because some say to include closests and thickness of walls and some don't. How accurate do I have to be and will I lose money selling our house if we underestimate the square footage ? submitted by /u/tanhan27 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbph6i/square_footage/

I am not the homeowner, I'm a 19 year old college student and I live with my parents. I posted on here (I think it was this sub) a couple months ago asking for advice on what can be done about my parent's house in pre foreclosure. The answer I got was that it's not too late, my dad (homeowner) would just have to call the bank and work with them to reach a solution. Well, the time is here, nothing has been done, and my house is going to be auctioned off in a week. The what's and why's aren't important I suppose, and I'm not 100% sure what's going on, but I do know that the house is going to be auctioned off on July 16th, and my dad is just barely trying to fix it TODAY. I'm just wondering if anyone knows if it can be fixed in such a short period of time, or if we're just screwed. submitted by /u/Throwaway2872046 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbozq4/az_my_family_and_i_are_about_to_lose_our_house/...

Hey everyone! I'm a Realtor, and I've decided to change companies. The company I'm planning to move to will allow me to keep more of my commission than my current company, and I like the vibe- fewer than 10 agents vs 30+. It's just overall a better fit for me. That said, I've got no hard feelings toward the company I'm planning to leave, and I honestly like them a lot! So how do I go about having that tough conversation with my current broker that I've decided to move on? I fear she's going to be upset, so I would really like your input on how to make this go as smoothly as possible. Thanks in advance! submitted by /u/JessJessthePrincess [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbothq/switching_companies/

I am currently based in San Antonio, TX and we recently discovered that our rental is being foreclosed upon due to non-payment by the landlord since we moved into the house. Unfortunately, this is something we discovered through public records and not by a disclosure from the landlord. We checked with the county due to constant receipt mailers from lawyers on how to stop foreclosure. There was public auction, but it has a temporary stay until our original lease ends at the end of the month. This is where our concerns begin. A few days before we discovered the foreclosure/auction, we signed a lease extension for another year. We signed it and the property management company signed it. To the best of my knowledge, the property manager has the authority to sign on behalf of the property owner, but I have no guarantee of this. Is the new lease valid? As it was not signed by the landlord and the home was listed as public foreclosure at the time, I'm not certain that it is. If t...

I am in the process of purchasing my first home using a VA backed loan, and after a few weeks of searching found the right home at the right price and I pretty much instantly knew it was perfect. My agent helped me write up an offer and we wrote up what I thought was a PRETTY fair offer. We asked for 3% off the asking price as it was honestly a bit overpriced (about 8-10% over) and asked for 3% ($8,000) in concessions. They said they'd like to keep their washer and dryer so we said they could keep it. I sent it in thinking I made a pretty fair offer considering: The seller was asking a bit high, but not crazy That they don't live in the home anymore full time (vacation home) They have had it on the market for a year now, switching realtors three times They haven't gotten a single offer (It's a bit out of the way, and they were originally asking for nearly 20% over the value) The most a house has sold in their subdivision for is 10% below what they are asking T...

Hey everyone, My wife and I are using a close friends as our realtor to sell our home and purchase a newer one. He won’t take commission on our sale and said he’ll get paid when we buy. Currently we’re under contract on both waiting for settlement at the end of the month! My wife and I would like to do something nice for him since he isn’t getting paid for selling our home. What would be appropriate gift or price range? Thanks! submitted by /u/MX530i [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbp4a5/gift_for_realtor_that_is_a_close_friend/

Hey! I was trying to find out if I should get 3 quotes from real estate agents and all I can find are ads for real estate agents. We picked one that seemed pretty good, but Zillow says we would sell for about 145k and she is saying 100k-110k. She also says that houses like mine are selling in our area in just a day-couple days. This makes me think that the market would be closer to the 145k mark. So should I look at other realtors, and would it be reasonable to assume that I would be able to get closer to the 145k mark? submitted by /u/Blue_Octopus_21901 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbp2wm/first_time_home_owner_sellikg_and_looking_for/

I'm a first home buyer (Condo in CA) and the escrow were supposed to close on 7/1/2019 but the Seller asked for extension to 7/12/2019 to fix what he agreed to fix (termite treatment class 1). Im expected to close in 3 days (7/12/2019) but if it happened again and another extension was requested beyond July 12, 2019 what am I supposed to do? In what way does NOT closing on time or as agreed upon affects me (Buyer)? submitted by /u/Agoooz [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbopud/escrow_extension_made_by_seller/

Edit: i'm willing to work for you as in intern. submitted by /u/DOCTORBROWNIE25 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cbog74/hello_there_i_am_very_interested_in_real_estate_i/

Soo....Im about to buy the 'worst house' in a good neighborhood. Im kinda poor though. Its about 1300sq ft. Similar to: https://www.redfin.com/NJ/Roselle-Park/511-Oakwood-Ave-07204/home/38038191#schools Now..... I'm just trying to get super ball park figures on a routine tlc on a 1300sq ft colonial. I'm already getting the "im too busy to give a estimate" run around. Generally speaking: Home is 1300 and in 'good shape'. How much would it cost to paint the whole house? (materials + labor). How much would it cost to rip out carpet and install vinyl flooring? (eg. 2.99 sq ft home depot planks). How much would it cost to replace these cabinets for contractor grade white cabinets? How much would it cost to add a shitter to the basement, where if there is already lines for a washer/dryer? Just the plumbing I can build the walls and rest of the mini half bath. Obviously Ill do all of this over time, but maybe the flooring and paint while the house is...