Don’t stunt your growth! 7 truths to embrace now

There are some rules that are self-evident for building a successful real estate business, according to Jimmy Burgess. Master these seven principles to supercharge your growth. There are some rules that are self-evident for building a successful real estate business, according to Jimmy Burgess. Master these seven principles to supercharge your growth. <a href="Read More“>View … Read more

Buy a studio or rent with friends?

I will be living in London for 2 years and then moving. I will spend 20k on rent over this time. I could buy a studio flat that will be very small and live by myself. This would save me rent. Or i could find a shared flat to rent. I dont know anyone and … Read more

Will my taxes lower if home prices drop?

Long story short our taxes went up because I was added to the home title so taxes got assesed to new property value in California. If home prices drop surely my taxes will get lowered right? Right… submitted by /u/treloy [link] [comments] Long story short our taxes went up because I was added to the … Read more

Condo just listed, but being rented for the next 16 months…

Sellers starting to sweat about fewer buyers in the future it seems. https://www.zillow.com/homedetails/104-Choptank-Ct-UNIT-A2-Cary-NC-27513/132150620_zpid/ submitted by /u/Hairbear1995 [link] [comments] Sellers starting to sweat about fewer buyers in the future it seems. https://www.zillow.com/homedetails/104-Choptank-Ct-UNIT-A2-Cary-NC-27513/132150620_zpid/ submitted by /u/Hairbear1995 [link] [comments] <a href="Read More“>View Full Article

Would I be able to sell my house?

Paid 165 k for it , now it’s possibly worth 203k according to Zillow. The problem is two of my closets are offf, two of my interior doors have holes in them and my front door won’t lock because the board is broke. Further my walls in the basement are uneven where my husband tried … Read more

Buying 1st home in Los Angeles

I’m trying to buy a single family home in Los Angeles as my primary residence. I was recently approved for a $950k max loan. I have enough liquidity and reserves to put ~350k down + closing costs for a total +/-$1.3mm offer. I can afford the mortgage and expect consistent income barring some kind of … Read more

understanding how loans work

So I’m just trying to get a better understanding of how real estate works before getting into it. This question is about loans and down payment on a home. Let’s say the purchase price of a home is 200k. If the buyer finds a lender with no down payment, can the buyer put a down … Read more

First time home buyer, who need advice on purchasing or backing out

Home Price: $625,000 Lot Premium: $25,000 Bid Price: $85,000 Structural and Design Center: $118,000 Total: $853,000 Downpayment: $66,000 As the title says we are first-time home buyers and signed the Home for $735,000. We planned as the mortgage would be approved for $647,200 and we were able to put down $66,000. That would get us … Read more

Earnest money after buyer backed out

So, we got an offer on our house today and all parties electronically signed the deal. They buyer backed out and we lost out on another offer because of it. Question: since it was within a day and the escrow hadn’t opened, are we not able to ask for the earnest money? Our realtor says … Read more

Help

My mother wants to sell me her home. Under land contract or “gifting” the home. What is the best way to avoid paying taxes to the irs on this exchange for both parties. Home would be 145,000$. The home is in Michigan,USA. As well as avoiding capital gain tax implications. I plan on living at … Read more

Buying or waiting

With the current state of the market and who knows when interest rates will decrease for those looking to buy a townhouse/ or house are you waiting and going to rent or are you willing to bid over for these houses?? In my state it seems 10k over isn’t enough to get a bid and … Read more

Seller Possession After Closing

Recently sold our house in North Carolina. During due diligence, the buyers had the well inspected. The well was operating fine, however the inspector recommended several repairs to prevent problems later on. We agreed to pay for these repairs to the tune of about $1600. The repairs requested were specific and we made sure to … Read more

Help with Job Title

Hello, I remember reading about a job in real estate where your main job is to open doors for buyers, walk them through the house and then make sure the home is locked and I remember seeing it be good pay for a 2nd job or side hustle. Does anyone know the name? Thanks. submitted … Read more

Looking for advice.

I bought my house in December of 2019, my uncle recently passed away and I have the chance to buy his home. I would like to purchase his home but am not sure if I could get a loan and keep my current house. Would the best thing to do be just sell the house … Read more

question about protection

a family member bought home in their name, but i paid down payment and will be paying all taxes and monthly mortgage payments and insurance payments. we have written signed agreement with both signing with picture of our face in picture as well that the home is mine and i can have it gifted at … Read more

Our plan for buying/selling- is this feasible?

Hi all, wife and I are planning to move in about a year. Need to sell our current home, we’ve grown out of it with a baby on the way. Will be time to upgrade, but we have 2 cats and lots of STUFF. We’re clean and not hoarders by any means, but Im afraid … Read more

Advice needed: Selling home that needs MAJOR repairs

I was planning on helping my mom fix her home but it needs major repairs (it would probably cost close to or over 100k). Our contractor abandoned the job and was also doing a very poor job in fixing the home. I’m too tired and busy to deal with this (I have a full-time job, … Read more

HOA required septic inspections?

HOA today voted to require residents to have to show passed septic inspections every five years. This community is a very large and sparsely populated HOA surrounded by 5000+ acres of forest. The population varies from well off residents that live in 3/4 million lake homes (most of the board members) to very elderly pensioners … Read more

Point on Rental Property Mortgages

Recently went under contract for an investment property, and my mortgage broker is telling me that even with 25% down we have to pay 3 points just by virtue of it being an investment property. Says these are FNMA requirements, and that they were always there but somehow the lender would cover them in the … Read more

WA State – Buyer wants to do own work to pass FHA appraisal

After the buyers inspection, they identified a few things that might not pass the FHA appraisal process. Some examples are a loose railing, branches touching the roof, moss on roof, replace 2 regular outlets with gfci outlets, and trim a bush. The problem is, I’m out of town and the buyer has offered to do … Read more

Selling without open house

I put my house on listing this week but I misunderstood my agent and it turned out he can’t do open house this weekend. If I realized that I wouldn’t have pushed my agent to list immediately once my pics are ready. Because of this, we have showing by appointments only throughout the week. We … Read more

Am I allowed to rent out my property?

Long story short we’re moving and our house has been on the market for a couple weeks and not selling. We have an HOA because it’s a private road and the $300 per year covers snow removal and a well. In the HOA agreement there is a line that says “this lot shall be used … Read more

Is there a way to view old Zillow/Redfin listings?

I want to see the listing for my house in 2013, I’ve tried the wayback machine and scoured google images for photos but I can’t find anything. Any help? Thanks! submitted by /u/Shortsuff16 [link] [comments] I want to see the listing for my house in 2013, I’ve tried the wayback machine and scoured google images … Read more

CA Homeowners: do you carry earthquake insurance?

Recently closed on a condo in OC. Wondering if people usually get coverage or not. Do HOAs usually carry a blanket earthquake coverage? submitted by /u/wfbsoccerchamp12 [link] [comments] Recently closed on a condo in OC. Wondering if people usually get coverage or not. Do HOAs usually carry a blanket earthquake coverage? submitted by /u/wfbsoccerchamp12 [link] … Read more

Listing advice needed

Hi, my family listed an apartment for sale in NYC through an agent and included 14 pictures. I have my doubts about some of those pictures—I would not include them as part of the listing but I understand that my judgement may not be correct—I am not in real estate industry. So, not sure if … Read more

Seller trying to renegotiate at closing

I have a home under contract, I’ve fully performed to my knowledge under the contract. The seller is out of state and the home is in Texas. This is a for sale by owner situation. Once the seller saw the closing statement they’re now telling me they aren’t paying the title policy (which was agreed … Read more

[OH] How to estimate property taxes?

Property taxes are confusing to me. I’m looking to move to a city where the taxes are allegedly about 2.5%, however, almost every place I’ve looked at that’s listed is paying only about 50% of that. I also ran into an article where they explained that just because your value goes up 20% doesn’t mean … Read more

Moving from Colorado to Georgia.

This is a big move for us and am wondering if there are any great checklists out there? We have not yet listed our home in Colorado nor bought a home in Georgia yet. Thinking when we sell that we ask for 60 days of leaseback or stay in Colorado, so we can take the … Read more

Having trouble finding VA approved condos in socal

As the title states, I’m having trouble finding condos that are 100% va approved. If I have the 20% funds for a dp and closing cost, would it be a wise choice to opt out of using my va and go for a conventional. I’ve already missed out on great opportunities as of late last … Read more

Amazing basement that I wouldn’t use much. Deal-breaker?

There’s a house we like that ticks a lot of boxes. It has an amazing basement with a big wet bar and a lovely full bathroom. https://imgur.com/r0qiIm0 The problem is we don’t drink so we’d likely never use the wet bar. We’re just fine keeping our beverages in the kitchen on the main floor. There’s … Read more

Redfin saying homebuying demand is weakening.

https://www.redfin.com/news/housing-market-update-sellers-rush-to-find-buyers/ They aren’t calling for a crash or anything but the cure for high prices may be high prices. submitted by /u/Accomplished_Earth50 [link] [comments] https://www.redfin.com/news/housing-market-update-sellers-rush-to-find-buyers/ They aren’t calling for a crash or anything but the cure for high prices may be high prices. submitted by /u/Accomplished_Earth50 [link] [comments] <a href="Read More“>View Full Article

Buyers Agreement issues

So we found a property we want in Ohio. The seller wants to be in agreement and close on another property and “our” take possession date is TBD. Our agent also has it AS-IS which I don’t remember agreeing to. I feel like our agent pushed us, first-time home buyers. He said it’s normal- I … Read more

Do real estate sales “flatline” every June

I am hearing this from a few sources including real estate agents. They say everyone is on vacation or just getting into summer activities. Wondering how true that is. submitted by /u/arcticranger [link] [comments] I am hearing this from a few sources including real estate agents. They say everyone is on vacation or just getting … Read more

Disclosures to ibuyer when selling as is

Our new condo has a problem with rats getting in the basement ceiling. We have called numerous exterminators, but none have been able to solve the problem so far, and I’m just so tired of it, especially because I have a small child and I’m afraid at some point they might start coming inside. I … Read more

Going to open houses with a baby okay?

My partner and I are looking to buy in a specific area within the next year or two. While we’re not actively buying right now, we’d like to start getting a feel for the houses in the area and an understanding of what we’ll be looking for by checking out some open houses. I know … Read more

Regarding appraisers, Realtors, mortgage lenders, etc. We are all licensed and therefor have governing bodies. If you feel it’s necessary please pursue filing a formal complaint.

Multiple times a day I get on this sub and see a post regarding “Appraiser screwed us there were so many errors in the report” or “Our realtor is a real scumbag they lied to me and I have proof”. Etc, etc. It is important for our industry as a whole that bad actors be … Read more