https://www.youtube.com/watch?v=oWwEQGKHJbQ submitted by /u/reversedu [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qsv89g/jeffrey_epstein_island/

Hey Real Estate people. I'm looking to but my first home, It's a massive undertaking. The auction is next weekend, and I am yet to have a solicitor's review of contract and building and pest inspection. I'm in VIC, a pretty hot market. Do you have any tips, do's and dont's for attending my first auction? Given the proximity of the auction, should I just wait til the auction or try and put in a pre auction offer this Monday or Tuesday subject to solicitor's review and BP inspection? If I do, will that hit against the 3 day rule pre and post auction, that offers are under auction conditions? Especially if say I put in the offer on Tuesday, give them 24 hours to consider - they may accept within the 3 day period, or BP and solicitor review may push me within the 3 day period. Thank you so much! submitted by /u/getgiffywithit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qsuukh/my_first_auction_this_weekend_and_putt...

Our realtor has been showing us houses for a couple months now. She is patient with us, and usually responsive. However, every time we try discussing a “reasonable offer” on a home, her standard response is “whatever you are comfortable with”. She will send us comparable sales, most of which usually point to listed price usually being a bit high, but she always makes it sound like the listing price is “fair”. If it is so fair, why is the house still on the market after 2 months?! We are first time homebuyers and we need a more firm feedback on the listing price of properties. We have given her this feedback, but her response hasn’t changed. I am wondering if other realtors are equally terribly passive in their opinion on list prices? submitted by /u/obelix_dogmatix [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qssueb/should_we_fire_our_realtor/

I am 32 in Michigan. I have inherited $60k. I have $20k I’ve been able to save up over the years. I’m getting married this summer (courthouse) and want to start a family. Right now I have 0 debt. I have 0 towards retirement. The past 7 years I have lived like I’m retired in case I never made it that far lol. Been traveling in a camper, working at resorts.. it’s been a blast! But now I want to settle down and can definitely afford it. My credit is top notch. I am pre approved for a $250,000 mortgage. I also have the option to rent out a family members basement that has its own kitchen, living room and 2 bedrooms for cheap. Should I buy or rent in today’s situation? Any advice is appreciated! submitted by /u/pisceslizard [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qrpxq8/plz_help_should_i_buy_a_home_now/

So my wife and I bought a home in Bowie, MD a few months ago. It’s a beautiful home but needs some updating. We have about 40k that we can put towards renovations now, but that will only get us through a few renovations (carpeting upstairs, electrical work, basement getting finished). We will need to wait to do some of the bigger renovations like the kitchen, hardwood floors, and master bathroom. We own a home that we custom built in 2021 on almost 7 acres around the Lake Wylie, SC area. The house is currently under contract with renters until August at $3,000 a month. We are debating to sell the house and use the proceeds to get all the renovations complete on a faster timeline or should we think more long term and continue to rent the house out and increase the rent after the lease is up in August. The renters want to stay. We think we could clear around 200k on the sell. If we do increase the rent what do you think is a fair increase? Let me hear y’all’s thoughts. submitted b...

I am facing this issue currently. My budget can only fetch a small (87m2) 1-bedroom apartment in one of the most desirable areas in the city. Or a (250m2) villa in a less desirable, developing area. The apartment would obviously come with an annual service charge while the villa would not. The villa would come with a larger plot of land while the apartment would not. But no doubt, the rental income on the apartment would be much better. But the land appreciation would probable be better on the villa? My worry is, do you think the size of the apartment would be too small for tenants to be interested? And the fact that it is only a 1 bedroom? Which property type would be a better investment? submitted by /u/Kingboyy1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qr332s/generally_speaking_is_it_better_to_buy_a_very/

Also I don’t know if I should just invest my money elsewhere like into silver or something, been hearing slot about that. I just don’t want to end up missing out or getting screwed over in the long run. Looking to build pretty good wealth over time. Also… I’m on 1099 so I don’t have any retirement plans yet, I have a Roth IRA but nothing is in it at this moment. Someone smarter than me please help me out here. submitted by /u/Therapistguy2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qr07ts/21_year_old_with_a_100kyear_paying_job_is_right/

I see a lot of first-time buyers rushing into a purchase because of pressure from family, friends, or fear that prices will keep rising. Many focus only on the EMI and forget about hidden costs like maintenance, interiors, taxes, and repairs. Location is another big one—choosing a cheaper home far away and then struggling with long daily commutes. For those who’ve already bought a home (or decided not to), what mistake do you think is the most common? And what advice would you give someone buying their first property today? submitted by /u/Clear-Syrup-9861 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qqz2o3/whats_the_most_common_mistake_firsttime/

The world’s wealthiest individuals no longer buy homes. They buy identity, privacy, and legacy. That’s why global brands like Elie Saab, Jacob & Co, Four Seasons, Ritz-Carlton and Trum-p are moving aggressively into branded and premium residences. These are not real-estate projects — they are lifestyle assets. submitted by /u/TechnologyFlaky3878 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qq525y/why_premium_residences_are_becoming_the_new_asset/

One loan finally done. No EMIs hitting the account this month, and that relief is honestly hard to explain. But now there’s this bigger dream sitting in my head — owning a home 🏠 Some days I feel proud of how far I’ve come. Other days I check house prices online, get shocked, and close the app. The down payment, paperwork, interiors, and long EMIs make everything feel expensive very quickly. I don’t want to rush just because of pressure, but I also don’t want to wait forever and watch prices keep climbing. submitted by /u/anantaaspirezrkp [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1qq4e9l/one_loan_down_one_big_dream_up/