Skip to main content

Posts

What real estate contract tool are you using in Colorado? (CTM, Dotloop, Skyslope, etc.)

Hey, I’m based in Colorado and work mainly with residential buyers and sellers. For the last few years, I’ve been using CTM eContracts for everything 😒 mostly because it’s what my brokerage recommended. But to be honest, it’s never felt efficient. Between the outdated interface and the confusion clients have during signing, it often feels like I spend more time supporting the tool than actually getting contracts out. On mobile, especially, it’s a nightmare. I’ve also experimented with Dotloop and Skyslope, and occasionally just go back to downloading the DORA forms and filling them out manually when I get frustrated. I’ve even worked with a few TCs and property managers who said they’ve built full workflows around patching these tools together with other software. If you're an agent, TC, or property manager working in Colorado please help me with what contract platform are you using right now, and how do you really feel about it? Doesn't it gets frustrating sometimes? Wou...

Realtor.com

Viewed an ad for land, clicked the link and filled out form for contact from realtor.com agent. Immediately my phone rang. A little more info and a request for some additional info by email by me. Was told ok. Then asked to wait on hold for agent. No agent available. Now get daily calls, wanting me to wait on hold while corporate finds a local agent. Never recieved email, or any info on land viewed. Told them dont call back. submitted by /u/Initial-Relation-696 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1lt1ebf/realtorcom/

Offer deadline before open house?

My husband and I had planned to go see a house we are very interested in and think we love based on the pictures. We made plans to go to their open house today. At some point between originally listing it 5 days ago, and today, they updated the listing description to say that the sellers have an offer deadline of 7/4 at 11:59pm. The market in my city isn’t that hot anymore and houses are sitting longer periods of time. This surprised me that they would have added an offer deadline before even having the first open house. My question is, should we even still bother going to the open house anymore? submitted by /u/Nervous_Platypus_565 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1lt00r9/offer_deadline_before_open_house/

Unfinished Basements

Call me crazy but I refuse to pay half a million dollars for a house that doesn't have a beautifully finished basement (including the ceilings, no black spray paint crap). Market - Midwest, US. submitted by /u/EstateGate [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1lsys01/unfinished_basements/

“A Home Is Worth What Someone Will Pay For It”

It occurred to me today that we heard this saying from sellers constantly over the past 3 years, when home prices were doubling and nearly the entire US was a seller's market. Have you noticed how quiet those sellers are now? While real estate markets are local, many places in the country are turning into buyer's markets, and sellers are starting to figure that out. They've stopped saying “a home is worth what someone will pay for it”, because most buyers are no longer willing to pay delusional prices. Many of my friends and family, myself included, have been in good positions to buy homes for some time now, but we're simply so fed up with the current market, we refuse to even entertain the idea of buying anytime soon. Is anyone else having this experience as well? Curious to hear your thoughts/observations. submitted by /u/SisuSisuEveryday [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1lswxae/a_home_is_worth_what_someone_will_pay...

I'm buying the house next door as a rental, what do I need to know?

My spouse and I always joked that if the house next door came up for sale, we'd buy it. It did, so we are. My ultimate goal is not to be a landlord, but instead, I wish to house each of my children with intent of giving them each a house to live in and eventually inherit. This will be our house second house out of 3 needed to accomplish this goal. Our eldest is a disabled adult and lives in a we bought for him. The maintenance and upkeep for that home is paid for by a trust. His social security disability pays his bills. So, he's all set. However, the youngest have no desire to live on their just own yet (ages 23 and 21), so neither will be moving to this home anytime soon. We don't want to leave it vacant, so we've decided to become landlords. Trouble is that I am more interested in long-term renters and my husband is more interested in short-term renters until one of the younger kids feels ready to move. In other's experience, what are the pros and cons of e...

Mortgage "Backup Plan"

Buying a house is exciting, but let’s be honest, the idea of taking on a mortgage can be terrifying , especially if you're someone like me who thinks What if I lose my job? What if I can’t make the payments? Even with a stable income, I constantly worry about waking up every month with that heavy feeling of debt. So, instead of spiraling, I decided to change my mindset and create a mortgage "backup plan": Plan A : Pay mortgage with ROI from your investments like Bonds, Stocks, Etc. Plan B : If above is not possible, Pay the mortgage with your main job (The default. If this is working, great, but I needed to be ready in case it stops) Plan C : If above is not possible, Rent out a room in your home (If you have the space, rent it, even short-term on Airbnb or monthly to a student/remote worker. It’s passive(ish) income that can help cover part or all of your mortgage) Plan D : If above is not possible, Use income from a side hustle (Freelance work, online gigs, a week...

First-time homebuyers — how did you know it was the “right time” to buy?

I’ve been thinking about buying my first home, but it’s honestly hard to tell when the “right time” really is. Rates go up, prices fluctuate, and some weeks the listings are dead, other weeks everything’s snapped up. I’m curious — for those of you who’ve already bought, how did you decide the timing was right? Was it based on the market, your own financial situation, or just a gut feeling? Would love to hear your stories or advice. I’m trying to learn as much as I can before making a move. submitted by /u/Vegetable_Star8931 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ls4trp/firsttime_homebuyers_how_did_you_know_it_was_the/

Foreclosure auction: car?

There's a foreclosure auction in my neighborhood in Wisconsin in two weeks. The house is the start of a hoarder house. Lots of garbage and junk inside, but the house has good bones. Elderly Owner died, and remaining family abandoned it, causing it to go into foreclosure. It has sat empty for almost 2 years. The house is being sold as is, no showings, but I've recently seen the inside because a neighbor had a key. In the garage there is a Cadillac, probably about 10 years old, that hasn't been driven in at least two years. My question is, does the winner of the house auction get to keep the car? If I've learned anything from the show Storage Wars, it's that rental units with cars in them don't sell because the cars get turned over to the state or something like that because they have their own title or something. Does anyone know how the state of Wisconsin handles that type of situation? submitted by /u/Frequent-Branch164 [link] [comments] sourc...

Would you take on a $2M home opportunity or stick with freedom and passive income?

Looking for thoughts on a big decision that balances homeownership with financial flexibility and lifestyle priorities. Here are a couple hypothetical scenarios I'd like to get this subreddit's input on. Here's the background: You already receive $65,000/year in passive income (post-tax) . You also work a job that pays $65,000/year post-tax , but you’re free to quit if you can make it work financially. Scenario A: Take the House You're given a $1 million gift to help purchase a $2 million home in Los Angeles . You take out a mortgage for the remaining $1 million. Between mortgage payments, property taxes, insurance, and upkeep, the home will cost around $110,000/year to own and maintain. You have two options within this scenario: A1: Live in the home You use your passive income and job income to cover the $110K in housing expenses. After all housing costs are paid, you'd have about $20,000/year left for everything else. The home is located near family...