Hey all, sorry for the novel of a title. There’s a long back story here, but it boils down to this: Sale price $255k Mortgage balance $273k We have a loss draft balance of $134k (house fire insurance funds, will be paid back to us). Regarding #3, I already gave the mortgage company my letter of intent to apply that to the balance of the mortgage. Additionally, the payoff quote already states they will pull from this in the event the sale price isn’t sufficient to cover the mortgage. However, they can’t put that on the payoff quote itself. Meaning, unless my title company says differently, I’ll need to go to closing with around $30k (I don’t have the draft closing document yet, that’s my guess). My question: first, is it possible to negotiate with my title company on letting me closing without bringing that money (since it’ll be coming back regardless)? My guess it’s most likely not. Second, what are my options if I don’t have the funds to bring cash to closing? I cant imagine...

Before I started, I thought I could do open houses to find people to work with but that’s not the case. A lot of people coming through are either looky-loo neighbors, people already working with agents, or people that are significantly older than me. Why would they want to work with me when they have someone more experienced on deck? I’ve held a bunch of open houses and still haven’t picked up a client. Have any of you done well with open houses? What’s your strategy? submitted by /u/juicydreamer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w3oj05/open_houses_arent_the_goldmine_of_clients_i/

I'm relocating to the Ohio area within the next few months. I'm not sure what city I want to end up in. So on the weekends we are visiting different areas and looking at houses. I was not aware that by viewing the houses we are agreeing to stay with one realtor. I understand the purpose of this law but how are you supposed to look at homes in different areas? So far the original agent has been good about canceling the agreement, but will they all be? submitted by /u/mtbguy1981 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w3cqwe/ohio_hb_466_im_stuck_with_one_realtor_law/

*Had to repost because Reddit did not like the link example. I am aware the tread nowadays is to 'enhance' the pictures with AI, either to spruce it up or use it as a space filler. Looking at some of the listings, one thing I always keep in mind is just how TOO CLEAN things look. A lot of places have blinding white walls, too perfect driveways, etc. Without going in person, its aggravating to look at these things and constantly doubt whats real and what's not. What do you look out for? I have till October to find something or go into an apartment. Honestly I think I'll end up going into a short term lease anyway just because of this bullcrap. Take this listing for example. Almost none of the pictures look right. *Had to repost because Reddit did not like the link example. submitted by /u/Fallen_Jalter [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w2k8b4/looking_through_listings_how_to_better_spot_ai/

I’m saving toward a purchase in a HCOL area, and every thread I find is either “it’s impossible” or “we made it work” with zero actual numbers. No judgment on your situation, family help, a lucky rate, a starter condo, whatever got you there. I just want real numbers to plan around. Drop as many as you’re comfortable sharing: Age and year of purchase Salary at the time Cost of living area (HCOL/MCOL/LCOL or general region) Purchase price Interest rate Total cash out of pocket (not just the down payment) submitted by /u/reconcilepast [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w2h2gc/single_income_homeowners_what_did_your_numbers/

Almost 2 years ago, my husband and I bought a 2,500 sq ft, 4-bedroom house on the west side of downtown. Before that, we were living in a 1,200 sq ft, 2-bedroom house that I had bought before I met him on the east side of downtown. I'm no stranger to urban living, and I knew the West Side would have many of the issues that come with living in an urban mixed income neighborhood. I just didn't realize how drastically different it would feel from where we lived before. Since moving here, we've had at least 3 incidents of hearing gunshots while inside our house during daylight hours. Last year, my car, which was parked in front of our house, was hit by a bullet. I think part of me assumed most crime happens in the middle of the night, but it's really unsettling to hear gunshots from inside your home, when you might have been about to head out to dinner. The frustrating part is that I really do love our current house. The layout is perfect, I couldn't have designed a ...

The house has had nonstop issues and and I literally spend 40 hours a week on it now. I assume at some point the issues will start fading but that has not happened yet. The house has grading issues where there is pooling and flooding in certain areas. This was a big concern during negotiations and the solution was a 1 year landscaper warranty, plus a backstop warranty to address it if the landscaper did not. The agent told me their plans to start filling with dirt in the spring, and how it would be ongoing until the issue is resolved and should expect at least 5 or 6 visits from them with fill dirt. Any way ... this never happened. Requests in the spring went no where. He works for the Real Estate developer who signed the warranty so that is why I am still dealing with him. But he pretends now all our conversations never took place about the work being done in the Spring. And I get it, he is a salesman and just said the words needed to make sure the deal closed. And I might take legal...

I posted my home for sale back in May. I got an offer 31 days later. That offer was contingent on my buyer selling his home. The contract expired August 12th. It was originally me just holding the property for him, but we now have a Right of First Refusal clause built in that ends September 18th. But no one is viewing the place as it still says pending on Zillow. My roof is not in great shape, so my Realtor is concerned about my final selling price. I may end up having to pay money at closing. But at this point, I would be willing to do that. My current buyer is taking the property "as is." I am also worried it will take forever to sell if I back out of this deal. I recently moved to another state for work. I had no choice. I am currently paying rent here and my mortgage back home. I reached out to my mortgage company, Rocket Mortgage, to see what hardship options are available. They're supposed to be mailing me a form soon. I need advice. What should I do? At this po...

Looking for other opinions. This is the home - https://redf.in/oYodMR These are comps from the past year - 1) https://redf.in/cxrTzj 2) https://redf.in/M4Ol8V These houses also sold in our neighborhood but are not great comps - they are on the other aide of the street and have worse views, worse layouts, worse yards, and are smaller. That side of the street has always sold for much less - 1) https://redf.in/gdnLU3 2) https://redf.in/398bUt We got an offer for 3.25. Our agent has said we have had a lot of showings given the market and the feedback on the house has essentially all been positive. But, the Seattle market sucks right now and nobody wants to put in good offers on a house and since now it has been sitting for a couple months it’s unlikely we will get a great offer. Honestly we would be happy with 3.4-3.5, but 3.25 feels so low 😭. Thoughts? submitted by /u/Suspicious-Kiwi816 [link] [comments] source https://www.reddit.com/r/RealEstate/comment...

Hey! I feel like this is going to tank our sale but our lawyer and agent don’t seem to think so. House in NY state, we have been very accommodating to our seller taking time for extra inspections, not rushing them when it took a week and a half for them to sign contracts and send escrow money. Almost two weeks after we signed the contracts their lender and lawyer reached out to our lawyer and said they changed their mortgage type from a conventional to a FHA loan. We wouldn’t have accepted their offer if it was an FHA. Our lawyer said it wasn’t illegal and our agent was pissed. We are not doing any work to the house before we sell it. Everyone has assured us it will be on the buyer but when I bought this house I was told to go with a conventional mortgage because it needed work and the seller wasn’t going to do anything required to pass the FHA requirements. There’s a few small things we know of like a railing on a mostly enclosed basement staircase and the porch needs to be painted ...