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, ...

We listed a duplex for sale a couple of months ago for $525k. The market has been slow, but we finally have a serious offer negotiated at $503k (seller pays buyer agent's commission, no additional seller closing costs). I'm on the fence. Should we take it? Relevant info: We own three rentals in addition to our personal residence: two duplexes and a condo. The duplex we're selling has a mortgage of $279k at 3.5% interest (we bought in 2021). Net cash flow has averaged $1,100/month over the last couple of years. Net proceeds after selling costs and taxes (hardly any taxes due to an existing deferred tax loss carryforward) would be about $191k. We decided to list it in order to pay off two high-balance personal debts: $106k HELOC at 7.5%, and a $28k solar loan at 6.5%. Our realtor convinced us it could sell for $525k, which was a lot more tempting than $503k. We're able to afford the HELOC and solar loan payments, but not much extra, so we're probably looking at 6-7 ...

Obviously, it will vary from home to home but it would be great to get an idea from realtors on the actual amount of work so we can come up with a fair value for services. Can you please itemize as well thank you. submitted by /u/phonyToughCrayBrave [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vdfeqa/how_many_hours_on_average_does_a_seller_agent/

Hello everyone!! My fiance and I have been eyeballing homes, and we've only been apartment renters before. It's been difficult to make sense of everything and we don't really know where to begin! Starting Info: - I am in my mid 20s, he is in his late 20s, and we are unfamiliar with the "norm" for buying a home. I have okay credit, but he has great credit. I've got no clue how to talk to a real estate agent. - I just started a new job and he also got a very significant raise earlier this year, so I am only able to estimate our current income is at approx. $120-130K. We have no children and do not plan on having any. - I do know that we want to do a joint tenants with right of survivorship situation. That's really the only thing I know for certain I should make sure we do, but I don't fully understand all of the concepts surrounding what that means. - I know we're supposed to get everything inspected. We would be hiring an inspector with no conn...

We are in the process of relocating to another area of our country and are sure about the area. We have prepared ourselves with extensive comparisons and lists of ‘dealbreakers’, must have and nice to have elements. Now that we are getting closer to choosing we found that my SO and I have a different favorite. Their one makes most sense on paper, but is about 100k more expensive than my favorite. They are very different houses, and it got me wondering: is it better to choose the ‘sensible’ house (theirs) or the one you fall in love with? Is there such a thing as ‘the one that got away’ when it comes to houses? I find myself mentally decorating my favorite. Their favorite has zero character, this all needs to be out in. It’s more of a blank slate. Mine has character, but is the lesser choice when compared to practical elements. Any thoughts on this? submitted by /u/NoCardiologist1461 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vd7...

This is a high end house and the pictures are all blurry and low resolution. Not only that but they are in no particular order and several of them are shown twice. We’re in a seller’s market so I’m pretty sure the house will sell but they aren’t doing themselves any favors. The listing just dropped today but if this was me I’d be on the phone with the agent screaming bloody murder. submitted by /u/VeryStab1eGenius [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vd0b7z/neighbor_selling_their_house_and_the_listing/

Last year my mom died suddenly and I inherited her home in SE Raleigh, NC. It’s a 3 bed 2.5 bath in the Biltmore Hills neighborhood, built in 1960. I live in a different state. Unfortunately when my mom passed, she had a scumbag boyfriend living with her. After she died, he refused to leave, even though he had zero legal claim to the home. It took 9 months and thousands upon thousands of dollars to finally get him out. When we were able to get inside, we found he had completely wrecked the place. He didn’t take a sledgehammer to the walls or anything like that, but it appears that he was some kind of hoarder. There are a dozen bicycles, half a dozen grills, piles and piles of clothes, and tons of random junk everywhere. The whole house smells like poop, but we haven’t seen any waste anywhere inside. There are large dark stains on the carpet and smears of stuff on the walls. There is a wooden back deck where he evidently kept his dog. It has trash strewn about and some piles of dog po...

I couldn't find a rental analysis spreadsheet that didn't feel like it was built in 2003, so I made one that actually looks professional and covers everything I wanted in one place. What it is: One INPUTS sheet where you drop in the property numbers Automatic loan amortization over 30 years Dashboard with monthly cash flow, cap rate, cash-on-cash, DSCR, GRM, 1% rule, break-even occupancy 10-year projection with IRR and equity multiple at exit Sensitivity tables for purchase price vs. rent, and interest rate vs. rent Comes with an 18-page PDF quick-start guide explaining every metric If you're the kind of person who wants to see every number before making an offer, this is built for you. If you'd rather build your own, the formulas are standard — I just did the formatting and integration so you don't have to. The link is : https://www.etsy.com/listing/4547352337/rental-property-analyzer-excel-template Happy to answer questions about how any of the calcula...

I am looking to purchase a townhouse in Waldorf, Maryland. The deal is $500,000 with no concessions. House is roughly 10 years old and in great shape. I already paid for the inspection and it came back with no major issues. The issue is with my finances. My mortgage rate is 6.6%, which shocked me because I have near perfect credit and no debt, which puts my estimated mortgage at $3,500, not including utilities or HOA. I though my rate would be closer to 6.1% since that is what is advertised everywhere. I bring home basically $6,000 a month. It's just myself. Will I be house poor if I go through with this purchase? Are rates likely to decrease soon? Or house costs? submitted by /u/Necochan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vc1ig7/charles_county_md_am_i_making_a_mistake_in/

This is based on some drama that is going on in my neighborhood in TX. A resident bought their property and it supposedly had thousands of dollars in unpaid HOA dues. They have been fighting the HOA about this for a year or two from my limited understanding. My question is, would this be something that the Title company would be responsible for if they did not find this problem before the closing? Every house I have bought or sold with an HOA involved reconciling the balance and verifying all was good. submitted by /u/vagabondizer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vbu5kt/unpaid_hoa_dues_from_previous_owner/

my agent has been trying to avoid sending the offer if the amount is not high enough, like I’m wasting his time. I feel that if a house is overpriced, I am not obligated to offer over. previously I took his advice and just didn’t make offers but I have noticed that some went for asking. what I want to know is , why is he so resistant to putting in ”lowball” at asking price offers? is it a ton of work? Does everybody use some kind of pay per letter software? he will ask the seller if our offer is good enough before sending, I feel like that’s more work than just sending an offer but I don’t know. submitted by /u/Mobely [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vbaabt/how_hard_is_it_to_draft_an_offer_letter/

Basically, title. We bought a house last year, pool and equipment looked good other than wrinkles in the vinyl liner. Everything works fine, inspected fine, etc. This past month we started working on getting the liner replaced. It's a big pool with an odd shape so two quotes came in at 11k. Steep but okay. Then they go to measure for the new liner and can't, because one side has sunk 4 inches lower than the other side. We drain it and pull the liner out so they can bust out and repour the vermiculite. Another 4-6k there. As they're busting it out, they find that someone poured concrete (sloppily) under the vermiculite in what we can only assume was a DIY pool install many years ago. So, we're probably up to 25k or more just to get a new liner and fix an existing pool to what it should have been to start (in other words, no upgrade or increase in home value whatsoever). I'm not that mad about it, it's just a learning experience for us at this point. But I wante...

I'd love to NOT make that August payment if legal and possible. Anyone with experience to confirm what Google is saying. It says NO. That I wouldn't be responsible for the 8/1 payment. I am the seller. submitted by /u/oemperador [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vb1zuo/if_home_sale_closes_on_731_do_i_still_need_to/

Not pricey please submitted by /u/ylfcm [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vb1sjf/our_office_of_eight_agents_50_active_listings_is/