- My friend bought a condo and was 2 days away from possession, the seller regretted the sale and refused to move out (documents were already signed) and a month later, died. How long till he moves in now?
- Am I overreacting at being salty the subcontractors are smoking cigarettes inside the house?
- Verified Income Issue
- RE Developers, how did you finance/fund your first deal?
- Hey all. Long time lurker, first time caller here. I have a question about how much power I actually have being under contract.
- California Prop 15 and multi-family
- [CA] Building Era Descriptions from my Inspector
- Help!! Buyers representation question.
- Why can't I buy my house from my wife?
- How does new apartment complexes impact local real estate market?
- Do you use the realtor assigned to you on Zillow / redfin
- Bad Realtor vs Great Realtor
- 2021 Conforming Limits
- Assigment Sale (Ontario)
- Question about environmental factors impact on home values and insurance
- Engineering Surveys Required When Knocking Down Walls?
- [CA] Listing says 2 parking spots, HOA CCNRs say 1.5 parking spots - what to do?
- Inheritance, and first time homebuyers
- What advice would you give to a student in their 20's finishing University soon?
- Long and painful home buying experience. Please help!
- [GA] Legal Advice: Prop Subdivided Before Purchase 15 Yrs Ago, Just Discovered Our Leach Field is on Other Half
- Normal Activity?
- Looking for Advice about “Foreign Land”
- [CA] Bay Area - need some advice on selling a house
| Posted: 03 Nov 2020 07:59 PM PST This whole situation has been absolutely insane and its been one thing after another with things going wrong. He's a young guy (younger than most when buying a place) and we live in Canada. In July of this year after trying for a while he finally got approved for a mortgage. Not a big one, but big enough for some of the cheapest apartments in our city. So naturally he hired a realtor and got to work shopping for a new place to live, and found one that was renovated, in a great location, and surprisingly very cheap. Suspiciously cheap. He put in an offer immediately because it was such a fantastic deal, and still offered far less than the asking price just to see if he could get it even cheaper. Surprisingly enough the accepted his first offer right away and possession date was 2 months away. They signed the necessary documents and conditions were lifted, and about 2 weeks before the date he was supposed to move in, there was an interesting update to the situation- The seller's realtor informed my friends realtor that the apartment building the condo is in was due for some maintenance and the condo fees could go up significantly. They were offering to let my friend back out for free because they "know he's young and probably can't afford it." This immediately raised some questions. Why were they being so nice as to warn him? Wouldn't they be happy to get the place off their hands just in time? Well some digging was done and he was originally afraid there would be special assessment but now it was looking like the seller was lying to try and back out of the deal, and her realtor was also trying to fool my friend, by trying to convince him fees were going up. He came to the conclusion that the seller was trying to convince him to leave, because she regretted selling it so cheap and wanted to back out of the deal, but it was too late. He decided he would not back out and wanted to move forward with the sale as planned. He thought that was that but it turns out the seller really had her heart set on NOT MOVING OUT so possession came and she was refusing to leave. This meant my friend would have to take her to court to get the condo he already bought and signed for. About a month went by of waiting with no idea what was going on and my friend gets an email from his lawyer saying the seller was apparently lying about being on vacation which was holding up her getting served the court letter, but that morning it was given directly to her, beginning the 20 day countdown for her to respond, which would mean being able to book the court date. The last few weeks he has just been waiting for an update on the court date and when he finally gets to move in and today he got an email from his lawyer literally saying the seller DIED He's in shock, I'm in shock, of everything thats happened this was very unexpected. Has anyone seen anything like this happen? Does anyone have any idea how long it might take? Will he even still get the place? Any advice or thoughts are appreciated! [link] [comments]  |
| Am I overreacting at being salty the subcontractors are smoking cigarettes inside the house? Posted: 03 Nov 2020 09:02 PM PST I drove by to see the progress tonight, and as soon as I opened the door, I got a huge smell of cigarette smoke. Walking through room to room I could smell it in every part of the house. I understand it's cold outside and easier to smoke indoors, but I'm not too fond of the idea the inside is being exposed to cigarette chemicals. I spoke to my dad about it who has some experience in this, and he said not to worry in that, once they get the air conditioning installed and the air starts moving, it won't even be noticeable. Also mentioned that they are subs and don't give two shits about the customer and would keep doing it anyway. My fear is that if I even mention anything they might retaliate by half assing the job because they were scolded or do something even worse. Most of me wants to drop it and let it go, but I figured I would ask what you guys would do in my situation. Edit: There's no carpet yet. I would be more concerned if they had that laid out, but its concrete flooring at this point. [link] [comments]  |
| Posted: 03 Nov 2020 08:57 AM PST My wife and I have started to browse homes and go through the pre-approval process. But I am running into issues with being able to use non taxable income as a piece for the pre approval process. Currently I make roughly gross $4k a month at my job. My wife is unemployed due to covid she was a teachers assistant and made about gross $2k a month . She also has a non taxable structured settlement that begin in March that pays $2,500 a month for 30 years guaranteed payments. In addition, 50k lump sums every 5 years. During the pre-approval process, they have said they can only use my income since the settlement hasn't been paying for over 12 months at this time. As a result, the difference of approval is a 200k house compared to 275k. Is this an across the board type thing where we would need to wait for atleast 12 months? The settlement is payed out by Berkshire Hathaway and we have all the documents with payment structure it just seems weird that we can't get a boost in approval for guaranteed income over 30 years. Thanks for any insight and help [link] [comments]  |
| RE Developers, how did you finance/fund your first deal? Posted: 03 Nov 2020 10:35 AM PST |
| Posted: 03 Nov 2020 05:57 PM PST So my wife and I are first time home buyers and are currently under contract. The home has some major issues that have to be addressed that will, in total, cost about 10.5k. The seller finally got back to us and asked that we split the cost 50/50 as he feels he already cut the price of the house before we bid on it (which is obviously not a good enough excuse). The house is perfect for us and in the perfect location so I dont want to lose it over 5k but also, we really don't want to split the cost with them. Can we just say "no, cover it all" or does that give them an out on the contract? EDIT: We are in NY. The issues were "majors" per the home inspection [link] [comments]  |
| California Prop 15 and multi-family Posted: 03 Nov 2020 08:59 PM PST if California Prop 15 pass. Increase taxes on commercial property. When is a multi-family unit consider a commercial property that will fall under this condition and subject to tax increase? thanks [link] [comments]  |
| [CA] Building Era Descriptions from my Inspector Posted: 03 Nov 2020 05:22 PM PST We're in the process of competing in the ridiculous SoCal market at the moment and have decided to duck out during our inspection contingency on two houses so far, which sucks and is exhausting, to say the least. I had asked my inspector for tips as to what to consider as we move forward when it comes to the age of the home. He was super kind enough to write up a great high-level overview, and I wanted to share in case someone else in Cali finds it as helpful as I do. 1910's to 40's Foundation is post and pier and rock and mortar (more of a DIY quality of construction). Knob and Tube wiring(fire hazard needs replacement of wiring - banned in 1950). Clay and Cast Iron Sewer lines and undersized electrical system(50 amp or less). Wood siding and wood shingle, slate and clay roofs. Limited access to key areas of inspection (additional inspections). 50's to 70's 68' cast iron banned in new construction except for special cases) - Foundation is post and pier until mid-60's then slab on grade, Aluminum wiring (fire hazard) that requires replacement of single strand aluminum wiring. System ungrounded until 68'). Cast Iron lines (till 68') and copper water lines in the slab (potential slab leak from pinhole leaks caused by expansion of hot water line against the aggregate in the concrete). Plus side is 72' brings us engineered truss roofing system - which means you can move/remove walls on the interior with less concern for the structural integrity of the home making remodels easier. Asphalt roofs become popular. Clay roofs still common. Limited access to key areas of inspection (additional inspections) less likely. 80's - 00's Foundation is slab on grade unless special or hillside installation (current spec). Romex wiring (current spec), Grounded, GFCI's required in Kitchen, Garage, Bathrooms and Exterior in 95' (current spec). ABS sewer lines (current spec). Copper supply lines and a stuff called "Poly-butylene" or PB in the real estate industry (High pressure and rodents can cause leaks of monumental proportions - Think garden hose going off full blast inside your wall or between floors). Lawsuits won and settlements distributed for replacement by licensed plumber. Metal, Asphalt shingle and clay/concrete tile roofs. Generally accessible for inspection. 00's - Today. Foundation is slab or post-tension slab on grade (cables under tension inside of slab - you CANNOT drill or cut into slab). Romex wiring. Grounded. GFCI's and AFCI's (Arc Fault Circuit interrupter) installed on whole rooms. ABS sewer lines. PEX supply lines (plastic like PB but better connections and less likely to leak - Rodents can still chew holes in it). Metal, Asphalt shingle and concrete roof tiles. Generally accessible for inspection. [link] [comments]  |
| Help!! Buyers representation question. Posted: 03 Nov 2020 09:05 PM PST UGRENT PLEASE HELP! for reference im in Canada. Hello- i have an urgent question! i made an offer with an agent for a property and this offer was declined. The buyers representation agreement was for one month and for that specific property only. this agent was not the listing agent. i found another property that the 1st agent was showing, however i don't want to work with him any longer. if i go directly with the listing agent for a completely different property, and say, make an offer, am in breech of the original buyers representation that i signed? this representation hasn't expired yet. Any insight would be super helpful. thank you!! [link] [comments]  |
| Why can't I buy my house from my wife? Posted: 03 Nov 2020 08:15 PM PST Hi Everyone, So I'm in a predicament and I'm not sure what to do. My grandfather loaned me cash to get a house in Idaho so that we could make a solid offer and now that we own the home I have to repay him. We put the home in my wife's name so that I could "buy" it from her with an initial loan once we moved in. Now that we are in it seems that brokers are having issues saying that you can't buy from immediate family. A refi is an option (I think) but bumps my rate up a couple points which I would like to avoid plus we would have to wait 6 months and we don't know where the market will be at that point and also waiting longer to pay back my grandfather. Any advice would be very much appreciated and thank you in advance. [link] [comments]  |
| How does new apartment complexes impact local real estate market? Posted: 03 Nov 2020 02:38 PM PST I bought a new home in a small town in a neighborhood just minutes from downtown. I just discovered that many new apartments are going up in the downtown area. How will this impact the housing market in my area? Will this negatively impact my new home value? Why is there such an apartment boom right now? [link] [comments]  |
| Do you use the realtor assigned to you on Zillow / redfin Posted: 03 Nov 2020 10:10 PM PST I was browsing Zillow for my first potential home and when I attempted to contact the listing agent, the app routed me to another individual whom I thought was the listing agent initially. She set me up to see two homes in the area and: 1. She was 15 minutes late to the first appointment 2. Wasn't familiar with the properties although she was with the area 3. Didn't really offer any insights / input on the properties we saw Later in the week, my friend referred me to someone she worked with and I terminated the relationship with the Zillow associate I am curious as to whether other first timers go with the assigned agent and/or have had good experiences? [link] [comments]  |
| Posted: 03 Nov 2020 06:16 PM PST |
| Posted: 03 Nov 2020 02:20 PM PST Does anybody have an idea of what will happen to conforming limits in 2021 given the sharp increase in home prices this year?
[link] [comments]  |
| Posted: 03 Nov 2020 06:04 PM PST Just looking for some advice/opinions. We are a bit skeptical/not familiar with assignment sales since all the homes we have been looking at and biding on these past 5 months have been already built homes and 20+ years old. We haven't had much luck in the biding wars that are currently going on. I was on Facebook market looking at home sales and a relator working for remax was listing an assignment sale. She has been really nice and helpful and answering all our questions. We drove by the home and took a look at the outside of the home and she sent us a picture of all the paperwork that had the finishing and the cabinets flooring ect.. but unfortunately the home is still under construction and we are unable to take a look inside. Not being able to see the home inside just stresses me out even tho it's obviously not finished. She sent us a virtual tour of a a home that's pretty much the same model as well as a older listing of a sold property that's very similar as well. It's an assignment sale and not on the market and says we will be the only ones she's working with, and will help put an offer in and negotiate things with. She also said she is the only one provided with this listing We have till Thursday to decide till it gets posted on mls. ( is what she said ) I just have a fear it's a scam, even though she is a relator and she is listed on the site. Once our offer is accepted we are allowed to visit the home with the builder a bit later to look at things and once after to make sure we are happy with everything. If anyone has any experience with assignment sales or any advice to give on this situation please help ! [link] [comments]  |
| Question about environmental factors impact on home values and insurance Posted: 03 Nov 2020 09:17 PM PST So I was recently thinking about all of the people with beachfront property, say in California. If news comes out one day with a prediction that in 10 years these houses will all be under water due to global warming, what would happen to the value of the homes and how does insurance relate to that? More specifically, would the value of the homes instantly fall because of the news? Would insurance companies have to pay the amount related to the old value of the house or the value of the house after the news in the event that the house actually was destroyed by flooding. I'm sure my understanding is elementary but if anyone has any insight on this it would be helpful. [link] [comments]  |
| Engineering Surveys Required When Knocking Down Walls? Posted: 03 Nov 2020 04:55 PM PST Is an actual engineer's report/ok required to knock down or cut holes in walls? Do most permits provide for that? [link] [comments]  |
| [CA] Listing says 2 parking spots, HOA CCNRs say 1.5 parking spots - what to do? Posted: 03 Nov 2020 10:31 AM PST We're in escrow to buy a condo in a 3 unit HOA in the Bay Area. ~20 days to close. The parking area is outdoors and has 4 parking spots - 1 per unit and 1 that, according to CCNRs, is shared between our unit and one other unit. The listing for the property explicitly states "2 dedicated parking spots". The seller and selling agent state the HOA members have agreed that the shared parking spot is in fact dedicated to our unit, however, they can not produce any documentation proving it. We signed off on the CCNRs and disclosures prior to offering. We do not want to lose the deal over the parking spot but I strongly feel the property was misrepresented in the listing vs what it legally is. I've been thinking of stating that we believe the listing was misrepresented and that we want (something like) 10k off of the purchase price, given that it is in fact a 1.5 parking spot property and not 2, as per the listing. If they don't agree to a decreased price, I will submit a complaint to the CA Dept. of RE against the selling agent. Selling agent and my agent both work for the same brokerage. What would you do in this situation? [link] [comments]  |
| Inheritance, and first time homebuyers Posted: 03 Nov 2020 07:28 PM PST My husband, MIL, and BIL inherited 7 acres from their grandfather, however it also included his aunt and 3 cousins. My MIL and her sister are named in deed of land they've sat on the land for 20+ years and it's now worth $1.1 million. We have asked to sell the land and use our portion for a downpayment. Husband's aunt has wanted to sell in the past, but currently doesn't want to, and it's going into arbitration, or our families portion being sold to an uncle. (Whichever comes first) My husband and I applied got and FDA RD loan, and due to Covid-19 issues messing with student loan documents our application was withdrawn. We don't have much in savings and only have one income. At this point we are both feeling stuck, we don't know how long arbitration will take. My in-laws have offered to loan us a portion of money for downpayment, to be repaid when inheritance land gets sold. Our RD loan area lost funding until after election. I feel we need either FDA or inheritance to come through in order to finally get into a home of our own. My husband wants to meet with a loan officer to see how much money we can get approved for without either FDA or inheritance. I don't want another credit inquiry on our score until we know for sure what is going on. Will the preapproval process cause a credit inquiry? What are some steps we can take to better our homeownership options? [link] [comments]  |
| What advice would you give to a student in their 20's finishing University soon? Posted: 03 Nov 2020 07:22 PM PST Basically as the title entails, if you could give any concrete advice to a student like me who plans to buy a house in the next few years, what would you give? What would be the best course of action if I wanted to own some rental property? I want to organize a long-term plan I can work towards and wanted to see if anyone had some advice they wish they did when they were my age or just insight in general. [link] [comments]  |
| Long and painful home buying experience. Please help! Posted: 03 Nov 2020 12:16 PM PST Cross posted in legal. Today I was supposed to close on a home we signed to buy on 8/7. I apologize this is very long. In June, my fiance and I started looking at homes in the country. Many homes went pending or sold before we could view them. In July, a home was listed that met our needs for square footage and land that would be an equal commute for us. The listing said it was currently used part-time as a hunting cabin, "property to be subdivided to include 10+ acres prior to closing", and included a map with the boundaries for the proposed subdivision. Our agent showed us the house, we got an idea of the proposed boundaries and were interested. We put in an offer against 3 other bidders. Our offer was not the highest, but was accepted for $10,000 over asking. The contract to purchase was signed by all parties 8/7. Our mortgage broker gave us a preliminary closing date of October 2nd. Inspection was done 8/17, and we were waiting for the spring water test results. The inspection passed, although recommendations were made to replace a cracked skylight and redo the current insulation in the crawl space and attic costing ($4000-$6000). The water test results received 8/25 showed bacteria and would require another $1000 to fix. We attempted to negotiate some fixes with the sellers. They agreed to credit us $1,000 to fix the water at closing, which was like pulling teeth. Our mortgage broker told us everything was moving along fine and we were just waiting on the assessment. She was hopeful to receive it before Labor Day weekend. The week of Labor Day, the broker still had no assessment info. The following week, we were told the assessors were backed up and still hadn't gone out. We were getting nervous about closing 10/3, so our agent recommended we extend the closing to 11/3. On 9/23, our mortgage broker said the assessor hadn't gone out yet because he was waiting on the survey for the subdivision to be completed. This was the first time we heard this and were shocked it hadn't already been done. The seller's agent said the surveyor was going out the following week and was scheduled for the county meeting 10/6 to be approved. Two months after signing the purchase agreement, this was just being done! On 10/7, we were told the survey was approved by the county. We let our broker know and she contacted the assessor again. We were growing impatient and upset with the poor communication, but were assured we could close by 10/16. Around 10/20, our mortgage broker informed us the assessor still hadn't received the survey. Multiple attempts were made by the assessor and our agent requesting it. The seller's agent blamed the surveyor, saying he was suppose to send it over on 10/8, but hadn't. Supposedly, nobody could reach him. At this point we are beyond annoyed and felt we were getting the runaround from everyone. I decided to contact the county to and get some information about the subdivision process since nobody was giving us clear answers. The county informed me it was the municipality that approved the application to START the subdivision on October 6th, and only one map was submitted, which was unusual. The county still needed seven other maps and the report from the municipality. I was told this was the beginning stages of the subdivision and could take 60 to 90 days from the time it was approved on 10/6. I was told the surveyor was horrible at getting work turned in on time and already had a stack of requests waiting on him. I told my fiance and we were furious. He contacted our agent about the info I received and advised us to write a letter with the details so he could send to the seller's agent. We contacted our lawyer and he said he would get involved. The next day 10/23, the seller's agent responded and claimed to have just received the map from the surveyor. He sent the copy to our agent with a note that said "this isn't exactly what I had envisioned, let me know what your buyers want to do." The map we received 10/23 showed the property lines for the subdivision were drastically changed from the original map with the listing. To give perspective, the original map showed us getting almost complete road frontage (1781 feet) excluding 50 ft from the neighbor's property to allow the sellers access to their remaining land of 170+ acres. It was shown as a large rectangle with us owning from the county road back to a portion of the mountain and trees behind the house and barn. The new map cut off 1/3 of the road frontage (at least 500 feet), which included the beginning 1/3 of our driveway. In exchange for taking away valuable land, they replaced it with more of the steep mountain and trees behind the house, which is unusable. The new plan proposes the owner changes the first 1/3 of our driveway they're keeping into a private road, and we would use it to access the remaining 2/3 of our driveway. We were irate! When our agent told theirs this was not even close to the original map that we agreed on, he agreed and said "the sellers aren't happy either, the surveyor took it upon himself to do it this way because he thought it would be easier to get approved." We called our lawyer, who compared both maps, and agreed this wasn't acceptable. He said the 50 feet the sellers originally left themselves was more than enough to be approved for a private road to access their remaining land. He sent their lawyer a letter 10/24 stating the map was changed after we signed the contract, and insisted the surveyor redo it the way it was in the listing. Yesterday, we received a letter from their lawyer that said it can't be redone the way originally intended. The suveyor claimed it won't get approved due to the driveway access being on a curve in the county road. I don't recall a curve in the road and if there was, it's insignificant. We were told we can talk to the surveyor for more of an explaination, and we don't care to. Today was supposed to be the new closing date, originally extended from 10/2. We have to come to a decision on whether to move forward or walk. My fiance and I feel led on and deceived. We don't understand why this wasn't done prior to listing it for sale or even within the first month after signing. We feel the sellers dragged their feet hiring the surveyor to go out, and even though completed 10/6, it was changed without ever even making an attempt to discuss with us prior. We were only given a copy of the changed map after 2 weeks of the run around and a letter from our lawyer. Then the property lines were drastically changed from the original plan, significantly decreasing the usable property and giving us less valuable land. The land they took away would easily allow them to put another house or cabin on it right by the portion of the driveway they now intend to keep. The average seller may not develop this, but we recently found out the sellers own a large business selling heavy excavating equipment for commercial use and homeowner use, along with owning lots of land and real estate in the county. We feel they have the means to easily develop the remaining land for themselves or sell some off for income. The sellers haven't apologized for the delays or offered any negotiations. All we were told is "this is how it is, how do you want to proceed?" We have a few hours to decide if we want to waste anymore of our time with this seller by extending the contract. We think the seller could have a higher offer, and may have intentionally delayed things to get us to walk away. Our lawyer says they've breeched the contract. Either way, I feel they haven't lost much except time. Even if they have no other offers, they could potentially still turn around tomorrow, relist and sell for the same or higher since the demand is high and supply of homes is low. How should we proceed? We know properties are hard to come by right now in this market, but already feel defeated in this long, unenjoyable home buying process. We're concerned that if they negotiated a lower price with us, they'd still own the majority of land behind us and part of what was supposed to be sold to us. Not only can we lose the privacy we had longed for and would be sharing part of what was originally supposed to be our driveway, but they can easily put another structure on the property they intended to sell us. There's also potential for them to subdivide more land behind us to another seller, or have a logging company come in to clear trees for income. What would happen if we don't extend? Are the sellers obligated to refund the inspection, appraisal fees, and good faith money? Would we be able to have any other recourse? My fiance's lease was up 10/31 and needed to extend it month to month because of the delay which is more money. A friend is storing 2 items large items he agreed to purchase after closing, and has grown impatient with delays. My fiance had a week approved off work in October for the move, but may not even be able to get the time off from work now since it's busy season. He'd have to hire movers. It's also delayed my home being listed for sale during peak season, because I couldn't list it until moving my stuff into the new one. We lost 90 days tied up in a sale that hasn't completed due to them changing the contract. The few houses that were potential back ups are now off the market. Any advice or insight is appreciated! [link] [comments]  |
| Posted: 03 Nov 2020 09:03 AM PST So, yeah. House was built in the 30s, septic tank was replaced in the 80s. Just realized that the gal that sold us the property subdivided it but our leach field in on the half she didn't sell us. We probably need to do some maintenance on the leach field but don't really want to open up a can of worms at the moment [$$,$$$]. Her portion doesn't have a house or anything on it. Why did the county allow division? Will my title insurance help me here? Will I have to move my whole septic tank [please, no...]? Thanks to anyone that can help me out here before I have to dive in head first into this steaming pile, lol. [link] [comments]  |
| Posted: 03 Nov 2020 01:53 PM PST Bit of a story here... We are selling our home and last week the listing went live. Within a few a day we received a cash offer for a little below listing, 550 offer. We asked our if it was wise to wait to see if other offers came in or if we should sign immediately. She suggested we wait about 4 days then respond. (We also realized later that we could have accepted the offer and according to the paperwork had 5 days to cancel without harm). In the 4 days we waited, we recieved a 525 and a 570 offer, but both required a mortgage and the 570 offer only had 3% down. When we expressed interest in keeping the 550 offer our agent then told us they were no longer interested and withdrew their offer. She then stated she would go back to the other offers for their highest and best. After doing so, the 570 offer DROPPED their offer to 525 and the 525 went to 530. We were shocked that the highest and best inquiry actually caused them to drop their offer. Is this normal or is our agent over her head, or doing something fishy? [link] [comments]  |
| Looking for Advice about “Foreign Land” Posted: 03 Nov 2020 01:10 PM PST I don't know where to turn. My father supposedly left me land plots in northern Brazil. All I have are some documents he mailed my mom 20 years ago. He's since passed away. I found my half brother on Facebook and he went and checked on the land. He knew nothing of it, says it's still empty. He's 19. I told him to see if he can look into how we can appraise and sell this land but that was over a year ago and I've mentioned it again and he doesn't seem interested. So what should I do? And advice? Who should I contact in Brazil? Are these papers legit? I don't know who to call or who to trust. I know nothing. :( [link] [comments]  |
| [CA] Bay Area - need some advice on selling a house Posted: 03 Nov 2020 12:51 PM PST We have a house listed on the market for almost 2 weeks, several showings but only one (all-cash) offer which came 200k lower than the listing price. My listing price is 50k lower than the Zillow/Redfin estimate and had a discussion with our agent before listing; we thought it was a reasonable price comparing to other properties. At one point we got two interested buyers ready to write an offer but they all backed out due to the property being on a busy pass-through street and also a new construction nearby. Given the all-cash buyer was not willing to come up in price, that deal didn't work out and we are back to square one. The house is in good condition, remodeled inside-out a few years ago and has many upgrades. We had a full inspection done and no major issues. Basically it's move-in ready with no immediate repairs needed. Since the holidays are coming up in a few weeks, we will need to do something to our listing.
Our goal is to get an offer with at least the listing price. Any advice would be great. Thank you. [link] [comments]  |
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