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    Monday, May 10, 2021

    We overpaid 10% for a 3 day old new construction home because losing bidding wars to no contingency cash offer yolo buyers was crushing our souls and literally making us sick. A Millennial FTHB experience. Real Estate

    We overpaid 10% for a 3 day old new construction home because losing bidding wars to no contingency cash offer yolo buyers was crushing our souls and literally making us sick. A Millennial FTHB experience. Real Estate


    We overpaid 10% for a 3 day old new construction home because losing bidding wars to no contingency cash offer yolo buyers was crushing our souls and literally making us sick. A Millennial FTHB experience.

    Posted: 09 May 2021 08:54 PM PDT

    Wife and I are in mid 30s with 2 kids (2 and 4). We used to live in California but moved to Georgia in 2019 because we were sick of California. Our plan was to rent for 1 or 2 years, feel out the area and buy a home before our daughter entered pre-k. (Insert rant about how it would have all been so perfect except 2020 happened)

    Fast forward to April 2021. Wife and I are zombies from working from a 2BR apartment with 2 toddlers during quarantine. Despite having 800 credit scores, 120K income and 65K set aside for new house, we felt so trapped, hopeless and too exhausted to start searching with all real estate madness. So we froze and just did nothing. But one morning, after the first 9 hour sleep I got in a year, something snapped in me. I said to myself. I'm a father. I need to stop acting like a little bitch and be a man.

    I bought a 6 pack of redbull, read a bunch of FTHB articles and then applied for a ton of lenders. I read that it's better to get a new, hungry real estate agent instead of an established seasoned one because they will out to prove themselves and have fewer clients. I went to zillow and lookup up a bunch of local agents. I used a combination of stats and gut feel based on the picture and picked out a dude who I thought fit the mold.

    I was dead on. This guy was on point and hungry to work with a serious buyer. I told him we were prequalified for 30 year fix conventional and looking for homes in the 300-500 range. I liked him. He didn't make suggestions but he answered any questions very quickly and seemed to have some magic power where he could be at any house I was interested in within 60 minutes and have the door open for me.

    For a month him and I went to war looking for houses. I ate only fast food and drank only energy drinks. We were at every single house zone for a good school with enough bedrooms within a 20 mile radius. This ended up being 1-3 homes per day. During April we put in 5 offers above asking but always lost. 2 of these were "dream homes" for my family.

    I took at break at the end of April because I felt like I was going to die. I decided to investigate new constructions and went to every single new construction subdivision I could find. I was depressed to learn the it would take at least 9 months to have one of these built and many required lotteries for the lots to build on.

    I believe I was at maybe the 7th or 8th new construction subdivision just walking around just thinking about how much easier life would have been if we decided to buy a home in 1 year instead of "1 or 2 years". This subdivision was almost complete and it looked to me like they were just finishing off the final cul de sac. To the left I saw a home that was just starting, then next to it home that was almost done, then next to that a home that looked done but still have a bunch of trash outside. I pulled up the MLS and couldnt find anything about the 3rd house. I looked on zillow and I found it. It was listed as a "Buildable Plan" for New Construction and had that cut and past blurb about how this was only a plan and construction hasn't started yet. What the fuck I thought? I called up my agent and told him. He was instantly on it.

    He gets back to me in an hour and it turned out that the home builders had so much business that they were entirely focused on 3 other new subdivisions they were building. This community was old news to them and whoever was responsible for listing homes listed this one incorrectly. The listing looked like only a plan, it had default blurb about how it will take 9 months to build. So it sat there for 3 days on the market, completely ignored.

    We signed the contract for that house the next morning after walking through it. It was listed for $450k but only worth about $410 in my mind. I didnt give a shit. It had 4 bedrooms and within walking distance of schools rated 9/10 on great schools. I worked with their preferred lender who they said "would take care of us" and help with the costs. Their preferred lender gave us $9k in closing costs and 2.75% on a 30 year with 5% down and a 15 day close. I was like what the actual fuck is going on and signed away. House magically appraised where it should and inspection went perfect. We get the keys on wed and I still cant believe it.

    I may come back and edit grammer and sentences for better flow later but for now I just needed to get this out. I dont know if what I did was smart or stupid but my family is happy and I'm happy and that's all that really matters.

    submitted by /u/GUCCl_GLOCK
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    Love Letter Bingo

    Posted: 09 May 2021 10:16 AM PDT

    https://ibb.co/zPtS8qn

    Make sure to use at least 70% of these items to really make those sellers cry.

    submitted by /u/Sei28
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    I need to vent

    Posted: 09 May 2021 02:46 PM PDT

    So my realtor went with me to go look at a house. The sellers realtor told us to be there at 11am or else you may not getting in. This was probably my 10th time at a house and this time my realtors mobile reader was not working correctly. We saw the owner inside thru the front door and rang the doorbell. The owner welcomed us in and was upset her realtor was not on site. The owner called her realtor about the situation and the sellers realtor laid into my realtor for 8 mins accusing me of harassing her. She accused my realtor of being in ethical for not having a working card reader. My realtor had to text this other realtor the license and business card. I am pissed at the sellers realtor accusing me of being an aggressor. I don't like being lied to. I like the house placed a nice bid higher than offering. With a letter. Sadly I'm worried we have been black listed the realtor may have deleted our bid from her email. Also the entire day no one else came to the house. (My parents live down the street and kept an eye out) my realtor has 20 years experience. The sellers realtor 23 years experience. At least I was able to have a nice conversation with the owner. But my gut is killing me thinking I have been black listed. The decision will be made by the seller tomorrow.

    Update. I found out that this listing realtor was upset for this following reason. After an hour the home was posted. It went pending on realtor. This realtor had an out of state investor provide a non cash over but a buy as is unseen. Way over asking price. The homeowner was about to commit that said lets give it another 24 hours to see the other potential bids. I feel as though she may want this house to go to a loving family and not be rented out. Who knows.

    submitted by /u/An10nee
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    Am I making a mistake by selling my Home on 5.5 acres outside Austin?

    Posted: 09 May 2021 10:32 PM PDT

    I'm 39. My wife, three children and I bought our 3bed/2bath home on 5.5acres outside Austin Tx, (Round Rock) for $625k in 2019. We didn't buy the property for the 2000sft house. It's too small for us, really old 1982, and poorly laid out. But we had land. But soon after we bought it, the entire subdivision went through the process of rezoning to high density commercial. We went along with it because we thought "Maybe in a couple years we can sell for $1mil and make a nice profit and move on to another nicer house. That's been my plan for the last two years.

    Two years later, Covid hit and the market went crazy and we now have an offer for $1.5mil from a developer that bout the two lots next to us. He plans just tear down the house and build townhomes. We initially felt like we hit the lottery, but now I'm second guessing our decision to sell. I really like the land, but the house is old and too cramped for our growing family. I held off on doing any improvements because I knew that sinking any money into the house wouldn't improve the value to anyone but us, since it will sell commercial.

    My original plan was to buy a new house and buy a few rental properties from the profits. But I am now concerned that selling this asset may be a mistake after seeing the value of the US dollar become decimated by our government and central bank. So the way I see it, I have three options.

    1. Go with my original plan and sell it. This Nets me $1mil and buy another home cash and live very comfortably. We will have enough to by another $600k home cash (refi after closing) & maybe a few rental properties. This will give me a lot of security and liquidity allowing me to have a lot more freedom and diversify my real estate holdings. Unfortunately, the prospect of being a buyer in this seller's market is really scary. Plus I won't be able to buy land in such a good location.

    2. Keep it, refi and build an addition that will allow my family to enjoy it 10+ years. To me, this idea is counter intuitive because the improvements will not increase the value property since the next owner will most like tear the entire house down and build townhomes. This only gives me the opportunity to spend a lot of money on the house for my own enjoyment. I will have little cash after I do this, but will have a larger home and land.

    3. Refi and pull out cash to buy for another home and an rent this out waiting for the land to appreciate more. Even pulling out $200k, I should be able lease this house out to cover my payment, but won't be able to make an all cash offer on my next home.

    Am I crazy for wanting to sell my homestead and 5.5acres to a developer and buy a less expensive house and a couple rental properties in this market!?

    submitted by /u/starfungus
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    For any FTHB who is curious what it was like to house hunt in a normal market, this was my experience buying my first home all the way back in the olden days of 2019.

    Posted: 09 May 2021 10:14 AM PDT

    Quick overview:

    · San Antonio area

    · Combined income 120k

    · Budget 220k with a max of 250k

    · Loan type conventional or FHA at 4.5%

    · $30k saved, but only wanted to use 20k for down and closing to leave 10k to put into upgrades.

    · Late 20s married couple with no kids or pets.

    · Must haves: 2 car garage (didn't even look at houses without them), must be able to see tv from kitchen, 1800sqft minimum, fast food nearby, built in last 15 years.

    · Nice to have: Short commute, 4 beds or 3 w/office, updated/modern look, single story or downstairs master, large enough living room for all seats to recline, enclosed master watercloset, space for large tv in master.

    · FTHB, but didn't want a realtor as "everything is online nowadays, so they're not needed". Plus the first realtor we had sent us a few houses with 1 car garages and closed off kitchens despite asking for our must haves so we fired her immediately.

    My wife (27f at the time) and I (29m) started looking for houses in February to ensure that we had enough time to find exactly what we wanted before our lease ended in August. We would typically look at houses online throughout the week, then go to open houses on the weekend. Back then the Opendoor app let you tour houses anytime from 8am-10pm. Just check in on the app and the door would unlock for you. We would drive around the city, go to scheduled open houses, try out different food places, and use the opendoor houses to fill in gaps between scheduled showings. Since we were still relatively new to San Antonio, it was a great way to learn the different areas and we toured close to 100 homes during our search. Covid has since changed how Opendoor operates so we would have had to adjust our strategy if searching now. For the first few months only one house really stood out to us, but the seller mentioned that they had received a few offers already. I don't do bidding wars so we didn't bother with it.

    One day we found one that we liked enough to seriously consider. 4/2.5, 2338sqft, built in 2007 and included a bonus room plus a potential office area all for 180k. We toured it and couldn't figure out what the catch was. It was originally listed for 210k, but the price had dropped steadily over two months down to 180k. I felt like the house was a steal even at 200k, let alone 180, so it made me nervous. I contacted my cousin, a Houston realtor, for a sanity check. She went above and beyond, pulled up comps for the area, and did an evaluation on the house. Her read was that it was likely worth around 185-190k and they had grossly overpriced it to begin with. I don't like rushing into anything so we slept on it for a few days, drove by the house at night a few times, and looked up the commute to our jobs during the different times of day. Since one of the major reasons for the poor price was the school district and we're never having children, we decided we would move forward with an offer. She recommended we start at 168k given the apparent desperation of the sellers, but we didn't want to risk losing it, so we offered 174k, which was accepted the same day. My cousin offered to be our realtor despite the distance and we happily accepted.

    Inspection day comes and the inspector finds significant issues with the foundation, HVAC, electrical, and plumbing. Estimated cost was around 20k NOT including the foundation which he recommended getting a structural engineer's opinion on. It completely ruined the appeal of the house for my wife, so despite it being so far under budget, we walked. The seller offered to pay all closing cost, negotiate the cost of some of the repairs, and even drop the sale's price even further, but at that point my wife wanted nothing to do with the house. Since we had an inspection contingency we got all of our money back minus the cost of the inspection, and started looking again. But the fact that a 12 year old house had so many issues lead us to looking at new builds more. Fun fact, that same house was recently listed again at 240k with no visible upgrades and went under contract in less than 48 hours. https://www.zillow.com/homedetails/6511-Candleview-Ct-San-Antonio-TX-78244/69662508_zpid/

    Almost every builder was offering to pay all closing costs, and included 10-20k of free upgrades, but they were pushing us closer to our max of 250k. Eventually we toured The Trinity floor plan that was an absolute dream, and checked every box plus more. 4/2.5, 2500sqft, with an office and a game room. But the best part was that everything I needed was downstairs. The master, laundry room, and office. Chop off the top of the house and we'd still have 1500sqft of awesome. The top 1000 sqft was all guest space, so I wouldn't be going up and down stairs all day. But the grand living room is what really sold me. But the base model for the house was 249k and with the upgrades we would be closer to 270-80. Eventually we grew weary of searching and settled on a recently completed 4/2.5, 1900sqft with an upstairs master, no bonus, and no office for 210k (negotiated down from 222k). Builder would pay all closing plus 4.5% to our realtor instead of 3%. But our realtor could tell that we weren't excited for the house like we were when we saw the Trinity. We had 72 hours to back out of the deal with no money lost, so the next day our realtor sent us a house she found. It was a 2014 house that had been sitting on the market for a bit at 232k. The pictures were dark and depressing. If we came across the house on Zillow we would've stopped after the first few photos and moved on from the overpriced garbage, but we kept swiping and finally noticed. It was the exact same Trinity floorplan that we fell in love with. Luckily it was an Opendoor house, so we went to tour it immediately and fell in love all over again. It needed cosmetic updates to match our style, but that's all. She also pointed out that the house was outside of the city limits and would have a lower tax. I ran the numbers and our house payment would actually be around the same when factoring for this difference.

    We backed out of our previous offer, and our realtor offered 212k on the Trinity. They countered with 230k (Opendoor is not known for negotiating) which our realtor took great offense. She wrote a lengthy email including the price of every Trinity sold in the neighborhood over the last two years (imagine being able to use a two year old comp) including what upgrades they had that ours did not while also citing the length of time the house has been on the market and the lack saves across the various websites. They ended up accepting the next offer of 214k (She did all of this knowing she would earn about $3,000 less in commission on this house vs the previous house. What an ABSOLUTE LEGEND.) We hired the same inspector as previously and he only found minor issues that Opendoor agreed to fix. We closed, and have spent the last two years slowly upgrading the house to try and bring out its full potential. When the interest rates dropped we refinanced and got our rate lowered from 4.5% to 2.75%. Now by making the same payments that we were pre-pandemic, we'll have the house paid off in 15 years instead of 30.

    TLDR

    Budget of 250k, toured around 100 homes. Walked away from a 174k house due to bad inspection, but the same house is selling now for 240k with no visible upgrades. Negotiated 12k off the price of a new build, but walked away for a house with a downstairs master. Negotiated 18k off the price of the home that we live in now, and seller paid for most inspection issues. All of this in 2019, which was still considered a "seller's market". Did not have to get involved in any bidding wars, only put 3.5% down, and nobody dared even ask about waiving any contingencies.

    submitted by /u/PayDBoardMan
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    Anyone have a good way of taking sold / selling prices in an area and spreadsheetizing it?

    Posted: 09 May 2021 05:36 PM PDT

    First home buyer here in a low to mid cost of living area. Finally went to some open houses over the weekend and got the bad news that the housing crisis and inflation prices are starting to hit our area. We obviously have a short window before it completely gets disgusting, so we're aggressively looking for a reasonable place to buy.

    One bargaining chip I want to be able to use in negotiations and focusing on a small amount of homes to put offers on, is the ability to see at a fairly quick glance how much previous homes / condos sold for in that area and dates of when that happened. Does anyone have a decent way of ripping that information off one of the big realtor websites and putting it into a spreadsheet?

    submitted by /u/BatemaninAccounting
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    Today is our deadline to consider buyers offers

    Posted: 10 May 2021 03:16 AM PDT

    So we just recently had an open house and today we are going to "sit down" and evaluate offers. I know of two offers that we have received (one under list price and one 5K over list price), should we expect more offers to creep in today since Mother's Day was this weekend? I'm excited and nervous at the same time.

    submitted by /u/JuanW32
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    Renting a House - Owners Want to Sell?

    Posted: 09 May 2021 09:16 PM PDT

    I've been renting a small 2 bd/1 bath house in Seattle for 3 years. The landlords bought the house from a family member and the husband works in construction and updated it before renting. His company also does the maintenance and repairs.

    Our lease is up end of May. The landlords are pretty absentminded but finally replied to us today and said they'll give us a one month extension and then let us know their long term plans.

    I think they're considering selling. We have been approved for a mortgage loan and have been casually househunting for a few months because I had a feeling they'd want to sell in this crazy market.

    I don't know how to approach the idea of selling it to us.

    How can I make it sound really appealing to just sell the house to us?

    How would I get the initial estimate of how much we'd need to offer? Other than doing an appraisal. How accurate are Redfin/Zillow estimates? The estimates are around 600k at the "top" of the range and we are approved for 950k.

    Thanks for the help. I've been so anxious for months worrying that I'd have to move. Here's hoping!

    submitted by /u/Brujabat
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    Rental Commission

    Posted: 09 May 2021 07:36 PM PDT

    I've never dealt with structuring an agency agreement with a client seeking a rental. This person came to me privately, not through any PM company or rental agency. I was thinking I'd just write an agreement for the equivalent of first mos rent or 10% of annual rent (whichever is less) as agent commission paid by client. That's fair on my end, and a pretty standard commission, but kind of a short deal for the client considering I know usually the commission is payed fully by the landlord or PM seeking a tenant. That would be if I were finding a tenant on behalf of the PM though which I'm not. Any advice?

    submitted by /u/gravybanger
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    USDA appraisal

    Posted: 09 May 2021 05:17 PM PDT

    My husband and I put a bid on a house, and now we're just waiting for the appraisal to happen. There are 2 bathrooms in the house, only 1 hasn't been remodeled yet, and there's an issue with the plumbing (but only in the one bathroom, the other is working fine). How likely is it that the house would pass inspection since there's a working bathroom? TIA!

    submitted by /u/DammitDaniGloom
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    Sold our home in the SW Have to Move to New England/NY/PA for medical care Need advice

    Posted: 10 May 2021 02:54 AM PDT

    My husband and I sold our home which was in a landlocked smaller city in the Southwest in 2019. We moved into a rental home in the same area. Our son has some serious and rare health issues and after a lengthy stay at the Mayo clinic , the doctors helped us identify they best places to move long term to get care. The New England/NY/PA area offered us by far the best options for care and after my husband interviewed for some jobs, the insurance was a better match in this region as well.

    We were ready to move to MA in 2020 and we all know what stopped that. On the positive side our other child was able to finish high school in 2021 (and got mutliple full rides to awesome colleges so one less worry financially) and now we are not stuck looking for a home with a high school that matched this child's very specific academic needs. That was our biggest struugle in 2020 looking for homes, school districts. .

    So now we have a decent down payment over 100k a credit score over 800, and we need to move by the end of July.

    Here are our lists of must haves, need good internet for health monitoring and work (willing to pay premuim rates or pay for 2 providers but I will not buy a house that has only one provider with slow speeds and poor reviews) , 3 bedrooms, 1.5 or more baths, can't be attached housing, I would perefer as much land as I could get but we need quiet because our child has severe seizures and sometimes does not sleep at night and has to sleep during the day (our current rental is not attached but small lots .12 to .15 and there are pools and the noise is almost non stop from 7am-11pm and is just exhustating, we all need some peace and quiet).

    I would like a garage and a basement even if not finished. I am fine and might perfer an ugly kitchen and bathroom and house since I could customize it to what is best for our son's medical needs. My husband built our first house himself and except for electric and interior painting , worked on every other aspect himself. My husband went to trade school and has owned a repair company for years so he is skilled and enjoys his job.

    Ideally I would like to be within 4 hours of Boston or Philly. Boston is slightly better for my son's condition. Then I would need to be within an hour of a decent size city or good medical facility (like cooperstown NY is small but it has a good hospital so as long as the hospital has needed specialists we are okay for regualr care like PT, OT, SLP and regular tests).

    I would like to stay around low 300's so I can be flexible since the first year will be lots of medical care. I am open to any town that has good internet and is safe. I do not need to be next to the hospital in a big city, I would perfer a more rural setting (if it has internet, seems to be a big issue, more land more rural, bad internet options?) . Right now we have to drive over 800 miles to the hospital so an hour would be a dream.

    Is there any possiblities of what I want in June or July of 2021? I hate to keep renting. It is so hard not to be able to customize the house to help us care for our son. This is the first time we rented since college (so 25 years ago) and we do not like being renters.

    Any advice would be appreciated. Even if the advice is to rent for 6 months or a year if it is really best. We plan on staying in the home if it was the right home for more then 10 years. The more land it had (for us 1 -2 acres is a dream so I am not talking a farm) the more likely we would stay longer. My husband owns a piece of family land in a warm climate but it is even worse then where we live now for medical care. We hope maybe in 10-15 years we could build a small snowbird home on it depending on our son's progress and ability to be far away from medical care.

    My husband can fly out at anytime to look at homes or areas. I will admit my husband is having a hard time with property taxes in these areas. Our property tax was under $1000 for 20 years on a 6 bedroom 4 bath home in a great school area so when he sees $4-7K or more a year it is hard but I keep telling him it is total cost! Currently we pay $5400 for health costs and housing and if we were to buy a 325k house in MA or NY or housing and health costs would be under 2k, he needs to forget for now (I know taxes are forever) that $500 a month goes to taxes in NY and we paid $74 a month on the house we sold.

    submitted by /u/anjealka
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    If I shop for better rates now will it affect closing?

    Posted: 09 May 2021 05:55 PM PDT

    I'm really new to all of this so my timing on these things probably isn't perfect, but honestly I just went with a lender that was recommended to me and has really good reviews publicly. They're also local which is something I put probably more value into than I should have.

    That being said my closing is May 25th and I think I could get better rates and incentives from other lenders most likely. I was offered 3.25% I believe but know that rates are lower than that.

    My current lender has already begun processing the paperwork and stuff and I was sent an online link to pay for an appraisal, but I just want to know if I get another lender with about ~17 days left til closing, will it push things back?

    submitted by /u/dajinn
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    Seller asking to buy preinspection report before selecting offer

    Posted: 09 May 2021 09:40 PM PDT

    The day I got the preinspection done, I submitted an early offer. Our market is very competitive and I wanted to put in an offer waiving inspection contingency. The seller is asking to see the report and they are willing to pay half the money. What should I do?

    submitted by /u/houseloser11
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    Any solution for this somewhat unique situation?

    Posted: 10 May 2021 12:55 AM PDT

    We currently have 2 houses in the same city, and live in one as our primary residence, while the other is left vacant most of the time and is only used by my folks when they come visit us. Due to our growing family, we are planning to find and purchase a bigger house. Financially, that will require us to sell at least 1 of the existing houses, and rent out the remaining one.

    The current thought is to sell the vacant house first (rather than our primary residence, due to practical reasons), so we can put the proceeds towards the new house. However, we'd of course run into capital gains taxes. Based on our circumstances, there really is no reasonable way we'd be able to claim that the vacant house is our primary residence. Even attempting to claim a partial exclusion would be stretch.

    I know a little about 1031 exchanges, but am not even sure if it would work in this scenario because is the vacant house even defined as an 'investment property'? What I mean is, are there only ever 2 tax definitions for a residential property? I.e., investment property vs. primary residence? And for that matter the new+bigger house we'd be acquiring would not be an 'investment property' at the end of the day, but would really end up being our (new) primary residence, particularly as the existing primary residence either gets rented out or sold too.

    So my question is, are there any creative solutions for this particular situation to minimize our tax bill while at the same time not introducing too much complexity to the buy+sell transactions that we're going to have to eventually execute?

    submitted by /u/SkippytheCKCS
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    Home appraised 40K under agreed sale price, but my contract agreed to paying 5K over appraisal if it didnt meet. Is this enforceable?

    Posted: 09 May 2021 06:52 AM PDT

    So the market in Phoenix is crazy with the west coast cash shoppers putting down crazy sums. I put in an offer with a VA loan and the seller (house flipper company) accepted after the cash offer backed out.

    The original offer had an appraisal contingent that said I would pay up to 5K above appraisal if it comes in lower than sale price. Well it came in 40K under and my realtor said their company lawyers are going to talk to their lawyers about what that means if the seller agreed to the offer with the appraisal contingent in the contract. In the past people have walked away when this came up.

    Has anyone ever heard of something like this?

    submitted by /u/bwleung89
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    Why shouldnt I fire my agent

    Posted: 09 May 2021 11:13 PM PDT

    Ive been looking for a house to live in and its hell . All i want is a house and I cant get one I put in offers 15% above asking price and do everything my real estate agent says to make a very strong offer and every single time i lose!!!

    Just wanna get into a house. This lasthouse I really wanted and was going to offer 176500 for a house listed for 150000 but my agent said I should offer 165000 as a very strong offer and now I lost again!!! I shouldve just put in higher offer and I would have a house. Is this a agent or a me problem?

    Should I hire a new more experienced agent because this one is a family friend but theyve only been in real estate around a year so Im thinking of ditching them, I dont care, I Just Want A House

    submitted by /u/AdPersonal768
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    Finding City Plans

    Posted: 09 May 2021 06:21 PM PDT

    Hey everyone. I live in a rapidly growing area. There's several thousand people moving here a year and the avg home prices have increased about 50K-75K since just last year. I'm a first time home buyer and I'm trying to make the best decision for my future home.

    In order to get the most bang for my buck at this point, I'm going to have to live a little farther out than what I originally wanted. My question to you guys is "Is there a way to find city development plans so that you can see the areas of town that are the smartest places to buy for future growth?". I'm okay living slightly farther out in a less developed part of town now if I knew there'd be something to look forward to in the future. Any commentary is appreciated. I'm new to all this so I don't even know if this is a thing-- please be gentle with me :)

    submitted by /u/Icy_Lawfulness_5755
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    how to get attention of top agents? how top agent pick clients?

    Posted: 09 May 2021 09:59 PM PDT

    recently i read that agents are different, some seem very good, they have lots of sales, some seems just a couple of sales. as buyer, it is bit hard to get attention of top agents, they seem pick only ready buyers, ready with good money proof and know real estate process, is there any place to get educated and be ready so top agent will be willing to work on the purchase? thanks.

    submitted by /u/xyzuuuuuuuuuuuuu
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    First time home buyer inspection done and now what...

    Posted: 09 May 2021 03:29 PM PDT

    Hello fellow homeowners if things go well for me. I got my loan conditionally approved for a house that I am purchasing at $214,000 (Yes, I know it is a cheap house lol). I got inspection done and my inspectors listed deficiencies at two levels. One was "Potentially serious issue that should be addressed" and the other was "Upgrade recommend, but not required" I understand that my next step will be getting a second opinion from contractors for issues that should be addressed per the inspectors and get a quote, but I wonder if you guys can kinda let me know if it is reasonable for me to ask sellers to pay to address those issues or at least I can negotiate the purchase price down for me to fix out of my pocket. I do feel like some of those deficiencies can be fixed by me though.

    1. Sections of hardboard siding are loose at the front of the home. Renailing and caulking is recommended.
    2. The surface of the shingles are brittle with moderate granule loss, indicative of its age. There are also several torn shingles that should be replaced. (Original roof with 15 years of age).
    3. Water heater is technically beyond its expected service life of 10-15 years. Although it is still operating, the need for replacement should be expected in the near future. The unit is unleveled. We strongly recommend the unit be leveled. The water heater also made gurgling sounds while operating. This suggests possible sludge accumulation in the bottom of the tank. We recommend water be drained out of the tank until it runs clear.
    4. The sink faucet is leaking. We recommend it be repaired or replaced.
    5. The glass enclosure has been leaking at the lower corners, and signs of water damage are evident adjacent to the shower door. We recommend the damage be repaired and the enclosure be resealed to prevent further damage.
    6. The toilet is running continuously. This condition is extremely wasteful of water. We recommend that the toilet be repaired as soon as possible.

    Thanks for helping me out in advance!

    submitted by /u/PorscheGT3willbemine
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    Should I paint entire exterior or just where it’s chipped?

    Posted: 09 May 2021 05:37 PM PDT

    I'm in the process of listing my house in WA state where the market is pretty insane. There's some paint chipping along the side of my house where majority of the sun hits through out the day. My realtor said I should seriously paint it before photos are taken. But now I'm torn if I should paint the entire house or just focus on the parts where it's chipping? I'm also trying to incorporate paying the painter at closing because I don't exactly have the excess funds for it at the moment. Just wanted to get a few opinions if the added expense of painting the entire two story house is worth the ROI considering it'll most likely sell above asking anyways. Thanks.

    submitted by /u/dammit_davee
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    Our agent is insisting that painting the interior walls of our log cabin white will make it sell better. We’re not so sure, thoughts?

    Posted: 09 May 2021 12:19 PM PDT

    Market so insane that someone hopes to open a business writing “love letters” for buyers

    Posted: 09 May 2021 05:36 AM PDT

    Investing House

    Posted: 09 May 2021 08:51 PM PDT

    So in my current living area, buying a house will be impossible. They are in the millions and I don't see when I will be able to save enough money to buy.

    Alternatively, I would like to invest either out of state or some place else. Is it wise to "stash" our money into a real estate elsewhere and use the equity to purchase a house where I am living? Or is it better to just stash the current cash I have in bank and wait?

    I have tried stocks and it has not fared well for me, so I don't see it as a viable plan for me.

    submitted by /u/throw-away-please-
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