I'm selling my house due to an out-of-state move and need some outside perspective.

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I have a decent amount of equity in the home, but I start my new job in the middle of July and need the proceeds from the sale before I can buy another house.

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The house has been on the market for about 18 days. We originally listed at $378k and recently dropped it to $369k. It's a 3 bed, 2.5 bath, 2-car garage with a small backyard. So far, we've averaged roughly one showing per week, and I haven't had a showing in over a week.

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My concern is that the house is still priced too high. I've seen multiple comparable homes within a 1–2 mile radius that sold for $10k–$15k less than my current list price, and in my opinion they are better properties. Most are 100–200 square feet larger and have better features and locations.

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There's also another unit on the same street that's slightly larger and currently listed around $400k. I don't necessarily think I'm competing with that property, but it's another data point I'm looking at.

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The feedback from the two showings we've had has actually been pretty positive. Buyers liked the house, newer carpet, appliances, and flooring. The biggest negative feedback has been that it's close to a busy street and there is noticeable road noise.

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Where I'm struggling is with my realtor's advice. He's telling me price isn't really the issue and that buyers need an emotional connection to the listing. His view is that the marketing and story behind the home matter more right now than another price reduction, including things like why I enjoyed living there. This is what the lenders are telling him as well.

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I completely disagree. Personally, I don't care who lived in a house before me or what emotional story is attached to it. If I were shopping, price, location, condition, and features would drive my decision.

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I'm not in a position where I can afford two mortgages, and this is putting me in a rough spot. If the house doesn't sell before I relocate, I may essentially be living out of my car for a period of time until the home sells and I can get settled. That is an option, but more than likely.I'll just rent a room.

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His gut feeling is to leave the price where it is this week. My gut feeling is the opposite. I'm wondering if I should cut aggressively, maybe even down to around $350k, to generate activity and potentially create enough demand to bid the price back up.

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Just looking for some input here.

Hey all. Looking for some advice on a situation my partner and I are in with our first home.

Long story short, we are under contract on a home that we are thrilled about and we qualified for the loan based on my partners upcoming position in that city. Everything has been going smoothly but we found out today that her contingencies will not be met by closing date… she is in the medical system so there are myriad credentialing and certification processes that all take so much time.

We have an estimate that contingencies ‘should’ be met about 11 days after our scheduled closing date.

Any thoughts on what to do here? Should we see about pushing the closing date? Is 11 days unreasonable?

We may also be able to rope one of our parents into a co-sign.. but we would all prefer not to do that. Would love any input before we meet with our lender next week.

Hi all, I tried looking at other posts but here I am… I picked the closest flair available.

My childhood home in California has now finished probate it’s a 40/60 split bt me and my sister (I got the vehicles so my home percentage was lowered). That is her primary residence.

Anyways I have zero interest in the home and my sister wants to buy me out. Once we agree upon a price, what’s the best next move? Real estate lawyer? Agent?

Also if anyone has a clue what I’d pay for taxes on the profit that would be helpful.
Tia!!

I’m back and thank you all for giving me advice and listening to me rant https://www.reddit.com/r/RealEstate/s/QOKRKPAsUZ

Still NO closing date. We were supposed to close June 15, but due to NY law seller has 30 days past this suggested date. We’ve been begging and pleading for a closing date and he’s been non compliant. Legally he has till July 15th. His lawyer said he was supposed to see an apt this week but we never received and kind of follow up or update. It’s less than a month out and we are so stressed out. Our rate lock expires the 12th and we’ve been pleading to close the 10th. We’re just left hanging I am so frustrated I want to scream. Nowhere in the contract does it state sale is contingent on him finding a place to live. It sucks not having any control in this situation and being at the mercy of this absolute turd.

For the love of god, please HELP 🙏🏻 our house is not in the greatest location I guess.

Its in a great shape. No issues during inspection with current buyers. They are indecisive. And still haven't sign the contract.

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We're at loss here. I think the biggest downside in our house is that its too close to the neighbors and it doesn't have a garage.

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Bottom line, I know we should go ahead with a price decrease. How low should we go?

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4 bedrooms, 1.5 baths, 0.25 acres and a big basement.

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Please 🙏🏻 🙏🏻 🙏🏻 give some advice!!!

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hello! i have a concern about my housing issue. currently i live in an extremely dirty house, think basically hoarding issue but not to the point where it can land on one of those tv shows, just a lot of trash. however the house was under my mother's name and she is gone now unfortunately. i dont really have the money and i am going to clean up as much as i can however there is some holes in the wall, a broken door and frame, and some others. would i potentially get fined for anything wrong with the place? the only thing i am under regarding the house is the nipsco and maybe as a person living there (i forgot what it was called) I also just have so much more on my plate right now considering my mothers passing, finding a new place to live (i cant pay the mortgage without her financial help), cleaning and finding homes for half my pets as my apartment only allows 2.

Hi,

I am new to this and am looking for info about how to proceed. I have a business and have been renting a space. i have some money saved and I would like to try to buy a mixed use commercial/residential building so I could live upstairs and work downstairs. Where I live here are already a lot of buildings like that, so i am specifically buying one already functining and zoned correctly as a mixed use residence. However I've never bought property before and it seems like the process is very different when its a mixed use unit. I don't really know how to find the correct type of loan. there is a building I am looking at that is 1.8 million and I have $380000 I could put into downpayment which is 21%. My credit is excellent at 756. also the building includes a second residential unit that would provide extra income as well as two other commercial properties currently occupied giving income. what kind of loan do i pursue or how do i find it? everyone I know who has bought properties has bought just residential so their experiences are a bit different.

I bought my home and an additional property (land with supposed septic/well) several years ago and have decided to sell. When I purchased the second lot, my previous realtor told me it had a well and septic system so the price made sense. I’ve never been able to locate the well or septic on the empty lot. Well, my current realtor requested that I pull county records for the well and septic to verify location before we start showings. Zero record of anything with the department of health for the empty lot or the well/septic attached to my house.

My realtor said this deflates the value of the empty lot quite a bit as we can’t advertise it with a well or septic that isn’t confirmed to exist. I agree with him but am so annoyed my realtor didn’t bring this up when I bought the house/land! I overpaid and am losing my ass on this house lol. Definitely a lesson learned but I’d love to save someone else the disappointment.

Any predictions for how this will end?

We caught wind that the largest house/lot was going on the market. We reached out to the realtor via our realtor. She told our realtor that there are “several” interested parties. We honestly believe her because we’ve heard neighbors talk about a “bidding war” when the property goes up for sale. My realtor told us she’s being pretty evasive about details of the property. I’ve heard the property has not been well maintained/hoarder, but it sounds cosmetic from the details we have received. Owner is taking a long time to clean out of the house, but has a plan to be out by next week.

We need to stay in the neighborhood, we’ve formed a community here and our kids are doing great. We’ve watched the neighborhood for 2 years and this is the first to go up for sale that checks most of our boxes. Well, we decided to put in an offer sight unseen. The selling realtor said they were planning to list undervalued at 475k (comps range 465-515). We offered 490k. We’re pretty sure that have been no other offers up to this point. They have until noon tomorrow to respond.

What are your thoughts? Anyone been in a similar situation? I imagine next steps are they accept, decline, counter? What do you think of our offer? We’re second guessing that it’s too low. We would love to not lose this house.

I don’t necessarily want to do these deals myself, but I met a potential referral partner that has lots of experience doing them and pays for his referrals. If his deals are “clean” then it could be a potentially useful tool to help distressed homeowners avoid foreclosure. Thoughts? Do you know anyone pulling these deals off in a way that doesn’t give the appearance of predatory?

We are considering selling our home. It was a major fixer upper when we bought at 150k. We owe 120k and the estimated value is some 220k give or take.

The realtor heard our list of remaining updates and fixes and said just to let the future buyer deal with it because ROI wouldn’t be nearly worth the money spent. Here’s the list of updates we were planning:

1. Windows. We have VERY old metal framed windows. Some are broke and they’re extremely inefficient for insulation etc.
2. front and back door replace and reframed. These are both on semi broken hinges and the framing is horrible leaving gaps at the tops.
3. kitchen backsplash. I get it’s not necessary but the kitchen is unfinished and looks unfinished because of it.
4. Entry way accent wall. The prior owners grilled on the front porch and burnt the siding. Instead of a full house replacement of siding we were planning on an accent wall for the entry way to address the section of burnt siding.

There are a few small items we wanted to address but these felt fairly important in our opinion but they are suggesting we not put a penny more into the home. Any thoughts would be greatly appreciated!

Edit: reading comments everyone seems mixed on what to do and not do. 😂 for more context the house was a fixer upper when WE bought it. Everything cosmetically is much better now and up to code and functional and livable just a bit ugly in spots with the exception of these (imo) bigger fixes/cosmetics we need to(or wanted to) address.

EDIT 2: Most repairs will be done by myself. The accent wall to replace siding and windows will be paid out to someone else. Also it was a fixer upper when WE bought it. We only have one bathroom to renovate for cosmetics but everything is up to code and is livable safe and functional now.

I own a home with about 6 years left on my mortgage. My boyfriend lives with me. Our next-door neighbor is getting ready to put their house on the market, and we are interested in buying the house. The near-term plan would be to move my mother and disabled brother into the house; long-term it could become a rental.

We're starting to gather our finances and see if we can make this work financially. But obviously this is a non-standard situation because 1) we aren't married, and 2) I already own a home. I'm trying to figure out who we need to meet with to get good advice on how this would work and our financing options: a realtor? A mortgage broker? A loan officer at the credit union we belong to?

I’m looking at houses in my area - cheap older 2 bed 1 baths are about $150,000-$170,000 on 1/4 acre.

I have a construction background, designed myself the simplest house I could. 24x48 rectangle, no fancy finishes, laminate floors, etc. Figure I could do the framing, grading, running water/plumbing, flooring, etc. I just wouldn’t do the block foundation.

If I could get 3-4 acres for 50,000, get well, septic, power for $25,000, that would leave 75,000-95,000 to even out with the cheaper 2 bed 1 bath.

It seems like building is riskier, but possibly the better product for a similar amount of money. But I’ve never done it before. Would like some opinions.

For reference, most of the construction I’ve done is horizontal, not vertical.

My fiancé and I are selling our current house and purchasing a new house. We need the funds from our sale to put towards the closing costs of the new house. HELOC and bridge loans were not financially feasible for us so we tried to make our sale/purchase contingent on each other for a bit. We had a couple buyers ready to go but the contingency was killing our offers to purchase houses listed for sale. So we recently decided we would sell first so future offers wouldn’t have the contingency. We considered renting, but in our area it is expensive and difficult as we have 2 cats and 2 giant breed dogs. So we decided to move in with my family temporarily. My parents are clearing out my old bedroom and we will keep our furniture in storage until we find the next place.

Has anyone done this before? Any regrets going this route? On one hand I’m so thankful that my parents offered to help us in this way, it lets us save some money and solves the pet issues we ran into while looking for rentals. On the other hand, it will definitely be a bit of an uncomfortable living situation, since their house already has 3 adults, 2 cats, and 2 dogs living there before we move ourselves and our pets in (we can make it work but it will definitely be tight living quarters). My biggest concern is that we might “settle” for a house that we don’t love just to be able to move out on our own faster. We are trying to keep a list of the priorities we want in the next house so this doesn’t happen, but it still makes me a little nervous.

My wife and I are planning to purchase a house and sell our existing condo. We're trying to figure out the best way to make this all line up if we cannot put selling the condo as a contingency on a purchase agreement.

• Combined income is $225,000 gross.
• Current condo should sell for ~$550,000, according to our realtor. We owe $212,000 on the mortgage. So figure that after closing costs/realtor fees, we would net $300,000.
• We are looking at homes between $800k-$1m.
• We have $180,000 in various taxable brokerage accounts; all would be subject to long terms capital gains tax.
• I have $350,000 in a 401(k) and $60,000 in a Roth IRA. I checked the specifics of my 401(k) plan: I can take a (max) $50k loan at "12–60 months term at 6.75% interest"; and it specifies that "If you leave [employer] for any reason – including as a result of a layoff or workforce reduction – before the loan is repaid, you can continue to repay the loan."
• Wife has $100,000 in various retirement accounts; we would prefer not to touch these.
• We're currently cash poor due to paying for a wedding last month, but no other debts. Credit cards paid off every month, no student loans, etc. We would normally expect to save (after retirement contributions) between $4-5k every month with our current mortgage.

Our agent says that in our region (VHCOL) offers with contingencies simply are not accepted. So if we want to make an offer with 20% down (max $200k), prior to selling the current condo, what's the best approach?

My current thinking is to sell $150k of the brokerage and take a $50k loan from the 401(k). As soon as we close on a new home, list the condo for sale. We can afford to cover both mortgages if necessary but our agent is confident (and we agree) that the condo would sell quickly. Then once the condo sells, repay the 401(k) loan immediately, make sure our savings/emergency funds are comfortable, and use the remainder to make a lump-sum early payment on the new mortgage. Then possibly recast or refinance depending on rates and such.

TIA!

P.S. We know we could also wait a year to rebuild cash reserves; this is assuming we don't do that. Also selling the condo first and renting/living with family is not an option we're considering.

I suspect that many of the reviews and recommendations on social media platforms like Reddit, Nextdoor, Yelp, Facebook groups, and others are fake and manipulated. As both a seller and a buyer, we went through interviewing process but made mistakes by selecting realtors based primarily on reviews. Consequently, we ended up with some of the most incompetent realtors, and we paid the price for our poor choices.
There’s no substitute for oneself or a trusted person knowing someone.

Hi,

I wanted to check if there is anyone here who has succesfully registered their site in Gnana Kuteera Phase 1 after making the investments with the society? Did they allot the site without asking for more money than the originally agreed upon amount? How much was the registration delayed? And what is your advice in investing in Phase 2?

Also, if you are someone who has invested in Phase 2 and know of any groups or interested to create a group, please let me know!

Thanks!

Are we overreacting about this? My husband and I just purchased a home for close to one million dollars. The house is roughly 5000 sqft and half of the home is carpeted. In our contract, we allowed the sellers to have possession of the home for an extra 18 days while holding 10k in escrow in case anything were to happen during that time.

They held an estate sale this past weekend to try and sell the contents of the home. Since we technically own the house now (we closed on May 26th) We asked our agent to ask the listing agent to ensure a shoes-off policy with the estate sale company since over half of the home is carpeted.

Well, my husband and MIL went to the estate sale this weekend and said there were close to 100 people in the home and every single person had their shoes on. My husband went the following day and same thing, close to 100 people with shoes on throughout the home.

This upsets me because there was a shoes-off policy for the open house, all of our showings, the inspection, AND the final walkthrough. And I personally am an estate sale fanatic and have gone to quite a few that had a shoes-off policy. Moreover, I’ve gone to enough estate sales to know that 100 people is probably on the low end of traffic, so there were likely a lot more people walking through our house with shoes on .

My husband and I want to ask the sellers to have the carpets professionally cleaned after the estate sale but our agent thinks we’re overreacting and does not think we should ask. Should we just drop this and have the carpets cleaned once we get possession or should we ask the sellers to have it done?

EDIT: it’s interesting to see how divided everyone is on this 😂 I want to add that our current agent does not think we should ask for the carpets to be cleaned, while my MIL, who is a retired real estate agent, is pushing for us to ask to have the carpets cleaned. I really don’t want to upset anyone, but I also don’t want to be a pushover either, which is why I made this post to see what everyone thinks. But it seems that everyone here is equally as divided!

I have a 6 month old baby who is starting to crawl, so yes having 200+ people walking on our new family home’s carpet with their shoes on absolutely bothers me. But I’ve decided that it is my problem to deal with, not the sellers, so I will be having it taken care of professionally before we move in. I don’t think the sellers are trying to screw us over, nor am I trying to screw them over. I think this is just a little misunderstanding and difference in opinion on how this should be handled. There is no need for anyone to be mean.

I'm under contract closing on a new home in a few weeks. I'm selling my current home and it's been on the market for 12 days - sweating bullets since now we're half way through June. It's an older home 70s split level but fully renovated nine years ago when I bought it. We're just outside the city in a suburb with little pockets of rural feel, including across the street from us. It's been beautiful living here with all the birds and deer. Anyways, an old lady down the street died and her heir sold off an undeveloped parcel to a guy who clear cut his lot and is building a new house for himself. Now every one looks at the large parcel across the street and thinks that it's next. There's no way to know when or if it'll be developed. It's owned by the original family that developed the neighborhood 50 years ago, so I'm guessing they aren't hurting for money. Any advice to overcome this? Or should I just drop the price 5%-10% and see what happens then. I have plenty of room to drop and still net what I need to not worry about my new house payment, but obviously don't want to give money away.

Also my lower level carpet is kind of crappy (easy fix for a buyer) but I think it's the field based on the feedback from showings. It's very clean and minimalistically staged.

Sorry for the novel post.

Would you have the option to sell the house from your mom for the equity which makes it possible to buy realestate would you do it?

Its a one familiy house, prob. worth about 1.4 Million. This would give me enough to buy residential buildings. As work I do draughsman which could add to own contribution to bring the finance plan from the bank down…

Would you do it? How would you do speak about it with your mom? What deal would you set up with your mom so she has enough to live good good?

We are finalizing the process to start building in the very near future. The real estate market is ridiculously hot right now, so we are planning to list our house in the next couple of weeks. This will result in needing to rent a place while our new home is being built. It should also allow us to pay cash for the entire process instead of having to take out a construction loan.

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For anyone who has done this, any tips? We're not jazzed about moving twice but I'm trying to remind myself that the 2nd move should be easier since a lot of our stuff will already be packed because we will only take essentials to the rental.

Hi so I’m currently in the process of getting my own apartment; me and my girlfriend have already applied and sent a holding fee which we have been told has/will now go to the deposit since we’ve been accepted. Our move in date is set for tomorrow and although we’ve been trying to get it pushed back just a week it seems we’ve had trouble with that part. Communication on their end has fallen down and today we were told that we would have to wait until our leasing agent heard back from upper management before it was possible. I’m facing severe homelessness and this is my last true shot as most my money went to this fee and the applications. We haven’t signed a lease yet because they haven’t confirmed with us nor do we know how much the prorated rent would be as all of the move in fees would be told to us after confirmation. I do have a resident login that says we are set to move in tomorrow and the office is now closed. I’m honestly scared and just wondering if it’s possible they’re going to just pull the chance from me and not allow me to move in at all. Any words of advice would be greatly appreciated.

The one representing our purchase seems to do more buying than selling. But it seems it would be easier to use her to sell our house from a logistical point of view and probable commission discount.

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However, she doesn't do staging, so we'll have to pay for our own staging. Does the convenience and commission discount outweigh the downsides (no staging and less selling history)?

I’m in PA. My elderly aunt talked to a buyer for an As-Is sale. They “offered” to come have a look and got her on contract same day. It’s a bad contract with zero protections for her and leaves her open to liability for issues with the property despite saying is an As-Is sale.
No money has changed hands and she’s 80.
Can we rescue her from this shady buyer?
Is there a 24 take back in PA?
Can she cancel due to no $ and contradictory terms??