Real Estate News

So, I understand the basic concept of zoning and if it’s R30 here (central NC), it would be 1.45du/acre. I don’t understand how that’s calculated, though. Maybe I’m overthinking it? But if there’s a half acre available… you would build a house on it and be over the zoning because you’d have 1du on .5 … Read more

With the remote working opportunities Covid epidemic created, I’m curious how far people moved to be able to afford more house or what they wanted? Point of origin to destination would be cool to see. Wish some reliable data source could map this. submitted by /u/Flour-Finish [link] [comments] With the remote working opportunities Covid epidemic … Read more

We have signed a contract with an investor “as is” company and they have secured a buyer for our home. We did not include any contingencies mostly out of ignorance. We were selling our home to get our kids into a better school district. But, now we are less than 2 weeks from signing and … Read more

We bought a brick 1950’s brick bungalow. I was curious if the quality of home is better in an older home than newer homes. What are your thoughts? submitted by /u/Ok-Engine-4051 [link] [comments] We bought a brick 1950’s brick bungalow. I was curious if the quality of home is better in an older home than … Read more

Hello all! I am executor of the estate for my uncle who passed. The only asset he had was his house in small town Ohio. House is dirty, needs bathrooms deep cleaned, needs everything to be thrown out, needs new carpeting and to be painted; I will not be doing this or hiring to do … Read more

Here in the Triangle area of North Carolina most new homes that are being built are on small zero lot line lots. (Usually 4000-5000 square feet). The house and the driveway take up about 80% of the lot. There is basically no room for trees, bushes, and flowers. They call it the new urbanism (in … Read more

submitted by /u/moonlightfazed [link] [comments] submitted by /u/moonlightfazed [link] [comments] <a href="Read More“>View Full Article

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

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

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

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

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

My area never experienced a 2008 housing market crash. Although we were LCOL especially prepandemic. I bought a 2900 sqft house for 200k with 2.75% interest rate last year only because my realtor was also the selling realtor and they accepted my asking price offer before it went to market. Houses are still selling as … Read more

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

Hello all, I have been doing independent study of real estate for the past year or two. I used to own a house cleaning business and have got to know the industry through my business connections as well as independent research. I would like to get in to the industry as I have a strong … Read more

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

https://fortune.com/2022/05/20/these-regional-housing-markets-could-soon-see-home-prices-drop/ submitted by /u/shamblingman [link] [comments] https://fortune.com/2022/05/20/these-regional-housing-markets-could-soon-see-home-prices-drop/ submitted by /u/shamblingman [link] [comments] <a href="Read More“>View Full Article

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

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

Firs time home buyer Planning to put an offer on house in DFW area. They have a beautiful pergola setup in backyard, but as per disclosures they wrote “They recently came to know that their builder did not take permit for pergola construction. They have not had issues so far. Now I am in dilemma … Read more

I just bought a new home and am now selling my current property. We are a week out from closing and the buyer essentially has buyers remorse because we entered into contract right before interest rates went up and the housing market in our area slowed down because of it. The buyers are essentially saying … Read more

*Permit questions, all photos of the fence location at different angles, emails from the city, and advice are given in text from others that are a little more familiar with permits but don’t live in the same town. Question on how building permits work, inspectors and how they usually operate and potential code violations. I’m … Read more

I lost my job and my downpayment was tied in stocks. I didn’t realize the market suffered so heavily, and am now scrambling to prepare an alternate way to save my home. The date to close is October 1, I am in the approved/underwriting stage. Prequalification is $225k. Home price $265k. Down payment needed ~$50k. … Read more

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

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

Hey all, I’m thinking about making an all-cash offer on a house this coming Monday, in a delayed financing deal. I’m admittedly a novice in real estate. This would be my first time attempting such a thing, which is why I wanted to post here and get some expert opinions. My wife and I have … Read more

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

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

We are building a new construction home in Central Illinois that is estimated to be completed at the end of July. We contacted a realtor to complete a market analysis of our current home which assessed at 237k and they suggested we list at 270k. We have yet to put it on the market. He … Read more

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

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

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 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

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

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

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

My realtor ordered a rush appraisal because the previous appraisal came in “very low” according to the buyers realtor. They didn’t tell us the actual amount, but they just said “very low”, so we’re having another appraiser come out. What are the odds that the new appraisal will come in at the value we’re listing … Read more

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

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

After much consideration, I find myself in need of selling my house to move closer to my parents in another state due to my health issues and theirs, as well. Since I do not have the health/strength to engage in negotiations, nor the money to invest in mostly cosmetic repairs, I’m leaning towards selling to … Read more

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

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

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

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

My last post led me to this question. I’ve been torn about which to do. Do I go with a cheaper, safer option ($77k condo that doesn’t appreciate quickly) because I won’t have to struggle to pay the mortgage even if I get no renters (cheaper monthly to buy) and I’ll learn the ropes without … Read more

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

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

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

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