Should we buy points?

Locked in at 5.5% in early July. We close in less than 2 weeks. We are putting over 45% down payment. Looking at other lenders websites recently and it seems that rate should have been lower considering we are putting so much down. Current lender is offering us a rate of 5.125 if we buy … Read more

Agent wants to use our inspection report? Is it ok?

For some background we went under contract on a house and then had to back out due to contingencies. This was one month ago. Our buyer agent became the sellers agent (lol) and now she is asking if she can use our inspection report during the open house. Is it ok? Sketchy? I actually trust … Read more

Selling a Property in under a year

So I purchased a house recently I got a massive deal for it my plan is to fix it up and sell it I think I could easily get 8 times what I paid for it my question is if I sell it before I own it a year or at the one year mark … Read more

Help Understanding Probate Provisions

We recently put an offer in on a house. The seller had their attorney look it over and added in some verbiage about probate that concerns me: Probate Court Approval. The parties further agree that obligations under this Agreement are subject to and contingent upon the receipt from the Probate Court of approval to sell … Read more

Should I get a second inspection?

I’m in the process of purchasing an investment property out of state. It’s on a deal that fell through from a previous investor who lost funding. They performed an inspection of the property and the seller has that inspection report and is willing to provide it to me as well as confirm for me what … Read more

Five Reasons To Invest In Tokenized Real Estate.

Real estate is one of the most lucrative markets for investors. With increasing uncertainties in the global economy, demand for real estate is only going to increase. According to McKinsey & Company, the real estate market constitutes two-thirds of the global wealth. However, buying properties is a challenging task due to the inaccessible nature of … Read more

Explanation of mortgage rate swings

“Rates End Near Last Week’s Highs After Data Swings For Fences” https://www.mortgagenewsdaily.com/markets/mortgage-rates-08052022 This helped me understand why lender rates dropped basically a whole percentage point and then went back up. submitted by /u/MonicaHuang [link] [comments] “Rates End Near Last Week’s Highs After Data Swings For Fences” https://www.mortgagenewsdaily.com/markets/mortgage-rates-08052022 This helped me understand why lender rates dropped … Read more

New to Rental Properies in Louisville Ky

I am interested in owning Rental properties. I am looking at my local area of Louisville Ky and surrounding townships. Has anyone here have any experience or is currently handling rental properties here? What are good questions to ask the realtor regarding properties? What should I look for and plan for? How should I calculate … Read more

Industry warned to prepare for $40B hit on commissions

Buyer’s agents, and the ecosystem of companies that provide services to them, would bear the brunt of legal challenges to the traditional commission structure, Brian Boero said at Inman Connect. Buyer’s agents, and the ecosystem of companies that provide services to them, would bear the brunt of legal challenges to the traditional commission structure, Brian … Read more

Keeping agents ‘out of orange jumpsuits’: 3 tips on blockchain

One company prepares for a seismic shift to an entirely blockchain-based financial system for home transactions. Teresa Grobecker and Sheila Fejeran made their case at Inman Connect. One company prepares for a seismic shift to an entirely blockchain-based financial system for home transactions. Teresa Grobecker and Sheila Fejeran made their case at Inman Connect. <a … Read more

Santander Bank sends homebuyers to Rocket Mortgage for loans

The bank’s website is set up to funnel homebuyers to RocketMortgage.com, where Santander customers are informed they’re eligible for special loan pricing and a savings of $500 at closing. The bank’s website is set up to funnel homebuyers to RocketMortgage.com, where Santander customers are informed they’re eligible for special loan pricing and a savings of … Read more

Is 4.9 interest rate too high?

Hi I’m in the process of buying a condo in NJ Bergen county. With 20% down pay, I still need 400k mortgage. I spoke with couple lenders recently and most of them offered 30 year fixed with 5.3 – 5.5 rate. The best offer I have right now is 4.9 rate with purchasing 1 point. … Read more

How do I find a builder for a new construction home?

I hear about people buying them, but where do I find info to buy? submitted by /u/realestatenoviceinor [link] [comments] I hear about people buying them, but where do I find info to buy? submitted by /u/realestatenoviceinor [link] [comments] <a href="Read More“>View Full Article

How is the spike in housing prices sustainable?

The current housing prices were pushed up by low rates over the last two years. Now rates will likely trend up. You can tell me supply + demand all you want but it’s about 40% more expensive to buy vs this time last year. Everything else costs more and wages are not keeping up. Take … Read more

Finance Youtuber buys million dollar rental in Vegas – how is this a good investment?

Interesting case studies with all the numbers laid out from Andrei Jikh (popular finance Youtuber) in his latest video. Closed on the 3 bed property early March which means low rate but peak value https://www.zillow.com/homedetails/1704-Cypress-Manor-Dr-Henderson-NV-89012/52214096_zpid Personally I’m not seeing how this makes sense as an investment. $1.33M purchase price. $5232 monthly cost, trying to rent … Read more

Appraisals coming in low nowadays?

Wondering how many of you guys have appraisals coming in lower than the list price? Is it more common now since home prices are still relatively high? Are non cash buyers/FTHB leaving the contracts because of this? submitted by /u/chnl5 [link] [comments] Wondering how many of you guys have appraisals coming in lower than the … Read more

Am I really stuck with buying this house? [NY]

Just did a walkthrough with closing scheduled on Tues. The house was fine before aside from a couple things we asked to be fixed. Seller said he fixed it all (and it’s in the contract) and one of them was to seal the siding or else water would seep through. This guy is a contractor … Read more

I should just switch lenders, right?

I’m under contract to buy a house, closing around end of September. We locked a rate with lender A about 2 weeks ago, at 5.625% buying .3 points. This was, even at the time, not a great rate, but first-time home buyers, hadn’t done our research, etc. – hindsight is 20/20, and lesson learned. ​ … Read more

Frustrated seller

Im going to vent. I had 5 offers after 2 days on the market and an open house. I narrowed it down to 2 offers and chose one based on his financing and time frame of closing (quick close). We had inspection yesterday and he asked for lots of small things to be fixed. Long … Read more

Landlord Management Software

What software do you small multifamily owners use to manage units? I am looking into Baselane but it seems too good to be true. I would like a system that allows tenants to pay rent directly through the software and to add late fees if needed. Let me know what you have tried and what … Read more

Should I Buy Or Rent An Apartment?

I (27M) am moving to a new area with my SO (26F) and have a question. Should we dump $2400-2600 (cost of the area) in rent a month or buy an apartment. Here’s some details: We only want to live there for about 2 years. So afterwards we’d be selling it and moving states. I … Read more

Zillow Home value not showing on For Sale homes

I’ve seen multiple homes for sale on Zillow where the graph of home value over time isn’t showing, but some do. Are owners able to request Zillow to take this information off their website? Is this considered a red flag? submitted by /u/Successful_Leg_707 [link] [comments] I’ve seen multiple homes for sale on Zillow where the … Read more

USDA loan, can I put money down?

Me and my Fiance are looking to buy a rural house. I am interested in a USDA loan. I have the cash to put 8-10% down to lower our monthly payments. Is this allowed for a USDA loan? Some googleing shows that for assest calculations for the loan you don’t include any money that is … Read more

Time to Encourage r/Antiwork?

Jobs report was was way too strong, and now, the Fed is about to raise interest rates which is going to damage the stock market and interest rates. Then the r/antiwork sub came to mind. What the hell are they doing in there? It’s time to encourage those folks to finally commit and leave their … Read more

6 traits female leaders lean on during uncertainty

As part of a panel at Inman Connect Las Vegas, WomanUp! co-founders Debra Trappen and Sara Sutachan shared takeaways from their survey of hundreds of women in real estate leadership. As part of a panel at Inman Connect Las Vegas, WomanUp! co-founders Debra Trappen and Sara Sutachan shared takeaways from their survey of hundreds of … Read more

Renegotiate existing mortgage?

Hoping for some direction from those of you who are far more knowledgeable about this. We owe 185k on a home we bought in 2016 @ 3.75%. We lost our jobs last year and had to enter into the special forbearance. That 12 months of no payments is now expired. It’s a VA loan, and … Read more

Ribbon Home Buy Before You Sell Plan

There have been posts about Ribbon Home here before (I’ve been scouring Reddit and the rest of the internet for honest reviews), but none of them had to do with the “buy before you sell’ option. We already own a house, but we need the money from the sale in order to put a 20% … Read more

What are all the costs associated with a cahout refi?

I know some or maybe all of them, but I’d like to make sure I’m not missing anything and would like to add some detail to my understanding of the refi process. submitted by /u/WillyNillyInvestor [link] [comments] I know some or maybe all of them, but I’d like to make sure I’m not missing anything … Read more

Finding new lender

How did you go about finding a new lender? My current one has had a laundry list of problems for my last few deals and I’m thinking it’s time to move on. (Delayed closings, average 6-10 week closings, it has been a nightmare) submitted by /u/Baronti_Marketing [link] [comments] How did you go about finding a … Read more

Have an interview with Keller Williams on Monday..

Real estate has always been a desire of mine but I’ve had a lot going on that stopped me from making the plunge. My current business is self-operating now so I decided to look around and start reaching out into the RE field. I applied for a buyer’s agent job at KW the other day … Read more

The transaction of the future comes down to what the consumer wants

Technology executives Josh Jensen, Shawna Hernandez and Adam Hopson, who focus on automating different parts of the real estate transaction, took to the stage at Inman Connect Las Vegas. Technology executives Josh Jensen, Shawna Hernandez and Adam Hopson, who focus on automating different parts of the real estate transaction, took to the stage at Inman … Read more

Mynd: Single family rentals, a part of the rethought American dream

Doug Brien, the company’s founder and chief executive officer, said at Inman Connect Las Vegas on Thursday, he believes that the American dream centered around homeownership is outdated. Doug Brien, the company’s founder and chief executive officer, said at Inman Connect Las Vegas on Thursday, he believes that the American dream centered around homeownership is … Read more

‘Consolidation is a natural maturation of this industry’: Bauer

Jason Gesing, York Baur, Sara Bonert and Greg Robertson gathered on the Inman Connect stage in Las Vegas to work through their issues with industry consolidation in the technology sector. Jason Gesing, York Baur, Sara Bonert and Greg Robertson gathered on the Inman Connect stage in Las Vegas to work through their issues with industry … Read more

CoStar, Adena Hefets take top Inman Innovator awards at ICLV

Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at ICLV on Friday. Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an … Read more

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