Trying to sell my house and currently in escrow. Buyers agent provided a foundation repair cost estimate of roughly 40k, with few sentences of description of issues and no photos. No contact information provided. I looked up the license number and found a roofing company, the guy said he can’t find the estimate in his system but maybe he knows who it is and will get back to me. Meanwhile buyers agent refuses for me to get my own structural engineering inspection and says approve now or buyer is planning to back out. The house is older and the general inspection report noted cracks, exposed rebars, etc but nothing sounds significant. I plan to sign off on the credit but do inspection anyways. What are my recourses if the structural engineering report shows a much lower estimate of repairs? submitted by /u/jyz002 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xhh9r6/inspection_fraud/

Submitted an offer of 690k on a 729k asking price on a house that has been on the market for 35 days. Told them on Sunday “offer is coming”. Monday morning offer was submitted. Today (Tuesday) an today noon they said they “might be getting another offer”. Okay… would it be reasonable if we pull the offer if we don’t hear by tomorrow (Wednesday) afternoon? Offer didn’t not have an expiration. We like the area and the house but the roof is 25 years old and the septic has some known issues, plus we have 6 more months on our lease so we’re not desperate. It just sound like the buyer is fishing for other offers with ours which I don’t like, we’re also willing to negotiate if they just countered? We offered 5% below asking and if feels a bit bad that they can’t even give us a response besides “we might get another offer”. submitted by /u/monika1927 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xh6djy/should_we_walk_away_and_take_our_offer_bac...

submitted by /u/shushupbuttercup [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xgx0z2/duplex_needs_reno_before_selling/

Per the title, we are looking to build new in a growing suburban/rural town about 20 miles outside of a large metropolitan area. There's a particular subdivision that is building houses mostly in the $350-$450k range, however they have some larger sqft models that are in the $500-$550k range. My wife and I love one of these bigger models and so we're left wondering on the old adage about avoiding the most expensive house in the area. The question is, what's the area? Is it the subdivision/HOA, is it a 5 mile radius or even the zip code where we would want to be average? Additional details: They've already sold 5-10 homes (out of 100) at about $550k. Some already up, others are in the process of being built. There's also a second phase that's not started with an additional 150 lots. ~2 miles down the road there's another builder whose plans start at $550 and go into the $800k range. Finally within a 5 mile radius, there's everything under the sun. S...

we bought in 2019 at 3.1% so refinancing is not happening lol. house is worth about $520k and we owe $260k. contractor wants paid in 3 stages over about 4 months. trying to figure out if a HELOC or a fixed home equity loan makes more sense for something like this submitted by /u/Different_Pain5781 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xgtrm5/heloc_vs_home_equity_loan_for_a_45k_kitchen/

I'm not sure if anyone has any advice or if this is even the right sub for this, but here it goes... We own just under 4 acres. The house & property are mortgaged. The house is very old (built in 1900) & needs a lot of renovation (electrical, plumbing, additional space). The house sits on 3/4 to 1 acre in the front of the property. There is a huge field behind the house that is wooded at the edges. We talked about renovation, building onto the house & putting an addition on it to add an extra bedroom & an office. Possibly even building up, though I hesitate to do that because we are 44 & 45 & don't want to deal with stairs as we age. My other thought was to put a modular or build a new home in the field behind the house, keeping our current house to live in while the construction was taking place. However, I don't have any idea how that would work with our mortgage company or even where to start. Has anyone done anything similar? My husband thinks i...

https://www.zillow.com/homedetails/440-Parkside-Way-Lititz-PA-17543/457231272_zpid/ We are considering purchasing the last remaining new construction home in a development in Pennsylvania. It's listed at approximately $807K and has been sitting unsold for over a year. The home was originally built for another buyer who backed out. It was overpriced for much of its time on the market and has undergone large price reductions recently. We toured it and genuinely love the house and neighborhood, but I have two concerns. 1. The house backs directly up to an active public park. The backyard borders a popular public park with athletic fields, walking paths, and rentable pavilions. We actually use this park frequently with our two young kids, and having direct access is appealing. There are lots of families in the neighborhood, and we have friends nearby. However, there's a pavilion relatively close to the property. Apparently, neighbors complained about noise from gatherings, an...

I'm a buy and hold investor, looking to purchase my next primary residence and turn my current into a rental. The problem is, nothing seems like a deal. During and pre-covid, prices and interest rates were both lower, while rents were not that different from today. It was possible to find a property in a decent area that would cashflow immediately, or you expect to cashflow relatively soon. Now, everything that I look at in places that I actually want to live would mean carrying a mortgage significantly more expensive than renting. It would only break even if prices went up significantly more than they are now, or interest rates dropped enough for a large refi. I think both of those outcomes are unlikely. It seems like the market is softening a little bit , but the gulf between what sellers are willing to sell for and what I am willing to pay is still too large. Not posting this as a rant. I want to get honest feedback on if it makes sense to sit on the sidelines for a few mor...

I ask this because I lucked out on a house I recently purchased in San Francisco. The housing market in the city is cutthroat and street parking is a musical chairs of memorizing all the neighborhood street cleaning no parking schedules. The listing didn't say the house was on a private street. It wasn't until our offer was accepted that we got the property lot lines showing we would be also getting an easement for the street. So now we "own" the 24 foot portion of the street and sidewalk, allowing an extra parking spot that is exclusive to us. I believe if this was in the listing, we might have been outbid past our budget because parking is a premium in the city. One of the neighbors even rents their spot out to a person that lives a few blocks away. The house already has a 2 car tandem garage, so now we can free up a room in the house by putting the gym equipment in the back of the garage and I can keep my pickup on the street, allowing my spouse to park in the g...

This is of course a purely hypothetical question. What is a seller's legal obligation to disclose a next-door neighbor's extremely obnoxious dogs that bark loudly throughout the day? (Yes, these hypothetical dogs are violating city noise ordinance, no they have not been the subject of citations or lawsuits). They rarely if ever bark at night but bark loud enough to be heard in the adjoining houses most of the day. I know the ethical answer but I'm curious if anyone has encountered this issue in their real estate selling or legal practice. Edit: state is Pennsylvania submitted by /u/Usually_Sunny [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xekzm9/disclose_next_door_neighbors_loudly_barking_dog/

House will not pass appraisal and isn’t in the best shape. Also trying to maximize the sales price so I don’t want to hire a realtor. Where can I find a site or app that will put me directly in touch with cash buyers/investors and keep us as the only 2 parties? submitted by /u/RemarkableExample542 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xek6rk/any_sites_to_list_a_neglected_house_for_sale/

Hello. My husband and I purchased our very first home a few years ago. It’s a small home less than 900 sqft. We thought we could handle this after the arrival of our baby this past summer, but with the lack of storage, no garage, no basement, etc. we realize it’s time to upsize. We are looking at a house tomorrow that is literally everything we want and more in the exact location we want. The problem is, would this be a huge issue for the seller’s if our house is not even on the market yet? We plan on putting it up this week. We are so new to this as we have never sold a home before. Any advice? submitted by /u/anonymoususer249 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xdq8zj/looking_at_homes_before_our_house_is_even_on_the/

“A woman has filed a racial discrimination lawsuit in Queens after she says a realtor accidentally sent her a text message stating, "Ugh…they are Black," as she and her fiancé arrived to view a rental property in Flushing. CBS News New York's Carolyn Gusoff reports.” Source: https://www.cbsnews.com/newyork/video/ugh-they-are-black-realtors-alleged-text-sparks-queens-discrimination-lawsuit/ submitted by /u/Strict_Snow1996 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xdg3uy/ugh_they_are_black_realtors_alleged_text_sparks/

Mods, since you removed my last post. Here is one I hand-typed myself. Let me know if this is okay. I could also type it up on a type writer or hand write it with a pen and paper and re-post that. Looking for a sanity check from anyone who’s bought or sold rural-ish property, especially in the Midwest. My wife and I are trying to buy a 5 acre place in the far west Chicago burbs. 1999 cape cod, about 2500 sq ft of actual living space, though it’s been marketed at 3500 because they count a detached building that was permitted as a “game room” back in 2003 and later got a kitchen stuck in it. Barn, chickens, a hoop greenhouse that’s basically a skeleton now. Interior is all original 1999. Pet damage, original water heater, upstairs AC is dead. Roof and main furnace/AC are new though (2024/2025). It first listed in Aug 2024 at $830k. It’s been listed 5 separate times since then and is now FSBO at $774,900. Two contracts fell apart. The seller says both were financing but I’d bet money i...

My Husband (32M) and I (31F) are in the very early stages of house hunting for the second time in our relationship. We live in Perth Western Australia. Our first property was inherited so we didn't have much say, but this one will be something we choose for ourselves. Our issue is that we disagree on a lot of the details. My Criteria Mid Century Modern A Frame with a modest garden (husband likes a mid century home, hates gardening. Feels nervous about an older house needing lots of updates/repairs and fears our cats will destroy any beautiful hardwood floors they come across) Colonial Cottage in a historic suburb (non-starter, husband does not like the realities of living in a house older than our grandparents, and isn't a fan of the suburbs I have in mind) Modern open plan townhouse in an inner city suburb (it could work for both of us except for the small kitchen as we both cook and have already outgrown our current kitchen) Owner build open plan home incorporating elem...

Home Selling Success Story: Under Contract in 3 Days I figured I'd share a home-selling success story, especially with all the doom and gloom surrounding the housing market lately. I think my wife and I might have had one of the easiest home sales I've ever heard of. My wife and I needed to relocate from Texas to Pennsylvania for family reasons. Around this time last year, we decided we'd put our house on the market during the summer of 2026 and see what happened. We hired a realtor, went over the numbers, looked at comparable homes, and ultimately settled on a listing price of $300,000. We originally purchased the house for $220,000 about eight years earlier. For some context, when we bought our house, most homes in our neighborhood were selling for somewhere between $200k and $300k. At the height of the pandemic housing craziness, those same homes were being valued at $400k to $500k. We knew those prices weren't realistic anymore, and we weren't interested in ...

I am not a doctor, nor do I play one on TV. I Live on the lower Oregon coast. Half locals, half retirees, half tourists and half golfers. Just from walking around and observing, it seems to me that when a retiree dies, the adult children are usually 500 miles away and suddenly having to deal with cleaning out and selling a 500k house. Kids think they are going to get 500k free money out of the house! Dream time. But then a Realtor or two comes in, as does an appraiser. Or two. Suddenly kids are informed of work that should be done, but probably only requiring 50 or 100k. Or so. Kids think, ok, we will still get 400k free money, so they approve it. 400k! Then the construction guys come in, and they find some leaks, roof work, flooring that should be replaced as well. Only 50k more. Probably. Probably, but we don't know until we start pulling stuff up. You can see where this is going. Suddenly all that free money starts dissipating, and starts feeding local industry instead. ...

I am in contract for a house (for like the 4th time) and I noticed that the neighbors were a little rowdy, living in a trailer cursing at their barking dog. As if that weren't enough of a problem, I got curious and checked the s*x offender list and lo and behold that property is home to a s*x offender, with the crimes of "LEWD OR LASCIVIOUS ACTS WITH A CHILD UNDER 14 YEARS OF AGE" and "ORAL COPULATION BY FORCE OR FEAR" from 25 years ago. Based on the website DOB he's about 50 years old now. I feel crazy even typing this because I can only lean toward absolutely pulling out of this contract but wanted to see if anyone had any wise thoughts on this matter before I do. I've seen other posts concerned about offenders in the nighborhood, but this is literally next door within eyesight. And we plan to raise kids in our new home so I feel sick to my stomach just imagining living there. submitted by /u/yubugger [link] [comments] source h...

We will be selling our house soon and wondering if including all the furniture in house will attract more buyers. All the furniture is in excellent condition and about 8 pieces are antiques since they fit well in the Victorian old house. We are more than capable of taking every piece out of the house. Just wondering if buyer might be more inclined to put an offer on this house before another similar house with no furny included. Pieces include: Dining room: table/buffet/china cabinet antique 1920s art deco set Living room: antique marble coffee table, TV stand, electric fireplace sofas Bedrooms: beds, dressers, 1 antique vanity set Office: sofa, coffee table, desk Kitchen: antique 1920s table. Hallways: 2 victorian side tables and corner shelf unit, 3 antique brass guilded and Eastlake mirrors Also, if we decide to include furniture we are willing to give buyer the option to have us remove them all or they keep whatever they like. Would that be a good choice? We simply want to...

Why are the Zestimate and Redfin Estimate for every single house that gets sold in my local market consistently above the sale price? And not by a small margin, but consistently anywhere from 5-15%! You'd think that when a house closes at a certain price, the pricing models would automatically readjust to account for the new sale. But it feels like Zillow and Redfin are artificially inflating their estimates to keep prices elevated. Redfin is also consistently worse than Zillow. The problem is, home sellers see these inflated estimates and think that this is what their homes are worth. So their overpriced houses end up sitting for weeks or months and they refuse to drop the price to match recent comps. submitted by /u/NotTaken2022 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xbsvga/are_zestimate_and_redfin_estimates_artificially/