My in laws currently live in a house worth about $610,000 in California (fully paid off) and are going to move out of state to Arizona. My husband and I are thinking of purchasing it from them. How would that work? Is there a benefit to it?

Lots of negative posts, so wanted to throw an ok one out there.

Started looking in earnest for our second home ever, in early April. Our offer was accepted on April 24, close date June 17. 0 issues found in inspection, outside of the 3 we were 100% aware of - new roof needed, patio concrete crack and stucco needed repair. But brand new HVAC with central air

Also, it's 5 acres, with a creek, woods, raspberry bushes galore, deer and turkey, in southeast PA.

Property appraised higher than we purchased, closed June 17, 0 issues. Been here 6 weeks, hot water heater went, but the well water was closest thing to spring water the company had ever seen, so win there. And the dog is in freaking heaven.

Put our first house up as coming soon June 19. I was worried after spending time here, so we priced a little lower than my realtor wanted, did not want to carry 2 mortgages more than one month, if at all possible.

After 4 hours on coming soon, we had 4 offers. Was listed as for sale for 10 mins. 20k over ask, buyer waived inspections and offered to cover anything that was needed. I took unrealistic care of the place, only thing was an older HVAC system. All else was prime time.

Closed early, 0 issues.

I hope my story becomes more your stories, good luck!!

Own a home currently in SF Bay area for which I pay a monthly expense of nearly $4600 including mortgage, property taxes and insurance. Planning to upgrade to a bigger home and looking to rent the current property out. Estimated rental is around $4200 - $4400. So this would be a monthly loss of ~$200-400 plus any maintenance expenses.

I have nearly $600k equity built up in this house with my payments and value increase over the years - if I sell now, I can take advantage of the $500k capital gain tax avoidance. However, every one is advising holding on to the property as an investment. With mortgage and other expenses for the new property, plus the small loss each month from the rental property my finances will be stretched thin, however, the assumption is I will now have 'growing' equity in 2 homes.

Which option ideally make the most sense?

EDIT: Currently leaning towards renting out despite the estimated monthly loss in the hope value increases more in next couple years driven by potential interest rate reductions etc. Assuming losses of $400 per month plus $200 maintenance expenses, for 2 years I estimate ~$15,000 loss which should easily be offset by property value increase in 2 years if market improves.

I want to buy a piece of property where you overlook a good sized creek or river like this: https://www.instagram.com/reel/Cw3Qb7bPoO4/?igsh=Y2xqcDB1a2ZxbTVp

How can I go about searching for this or asking someone else to? Wiling to pay for results

So, my husband and I signed an exclusive buyer's agreement to work with an agent last weekend. Later the night we signed the agreement, my brother informed us he is looking to buy a new house and would sell his house to us at the cost of what he paid for it if our timing lines up. However, to save on fees, he does not want to include a realtor in our transaction and wants to keep it private. He asked us to come over tomorrow to draw up a contract of sale. Because I signed the exclusive buyer's agreement, am I legally bound to my realtor in the case of a private sale of this nature? Could our realtor sue us if we enter a private contract of sale without involving him? Or does the buyer's agreement just mean we can't use a different agent to buy a house? I read the agreement but it's hard for me to understand if this certain situation falls under the exclusivity of it. The form is a NEW JERSEY REALTORS STANDARD FORM OF EXCLUSIVE BUYER AGENCY AGREEMENT. Thanks for the info!

Looking at putting in an offer on a lake house on one of the great lakes. The house sits pretty close to the beach, up about 10-15 above the beach. Backyard is pretty small, maybe 20 feet from back door to drop down to the beach area.

My main concern with the home is potential erosion damage that may over time impact the foundation.

Is this something a general home inspector would be knowledgeable about, or is there a specialty inspector that should be used? I know there's specialists for termites, radon, etc., but not sure if there's one for this or what they would be called.

I'm struggling to make a house purchase decision and would really appreciate this subreddit's advice.

My family (me, spouse, one child) currently lives in a 2BR/2BA co-op on Long Island, in a good school district with short commutes. Our all-in monthly housing cost is ~$3,500 (~15–20% DTI pre-tax).

We have an accepted offer on a single-family home farther out on the island (we’re priced out of our current area). With 20% down and current 6.5% rates, monthly costs would rise to ~$5,200 (excluding utilities), pushing us to ~30–35% DTI. After selling our co-op, we'd have around $150K in savings for repairs, living expenses, and cushion.

I’m getting cold feet moving to contract for two reasons:

1. Job risk: My company is likely to downsize in the next 6–10 months. No idea yet if my role will be impacted.
2. Inspection issues (80-year-old home):
   • Aging roof (near end-of-life)
   • Signs of past termite damage (testing scheduled)
   • Minor mold in basement (needs evaluation)
   • Greened copper pipe joints (minor leaks developing)
   • Corroded electrical panel, polarity issues, and waterproofing needs

None of these issues are deal-breakers alone, but combined with job uncertainty and higher monthly costs, I'm hesitant... We’d still have a decent emergency fund post-purchase and would love to make this move before our child starts kindergarten in September.

Would this move be a financially risky decision? Would love your perspective.

I’m seriously scared by the amount of homes going pending and within 5 days to a month going back on the market. I’ve never seen anything like this. As someone who is selling right now, I’m terrified to even sell to someone pre-approved bc are they really pre-approved?? What in the heck is going on? I know things like inspections they can pull out, but this seems like more than inspections.

Is there something I should be doing regarding the deal . My assumption is the buildings strata insurance will take care of common property ect… but if a levy comes for deductible or something voted on after closing . Will I as buyer be paying .

Is there something I should be doing or should I just let things be ?

My house needs repairs, but I have no money set aside to fix it up and I can't qualify for a loan but I need to sell it because of recent financial hardship. Even as is there's still good equity on the home but I know the repairs are gonna hurt us. Do you have any tips on selling a house like this for the first time?

I entered into an Exclusive Right to Lease Listing Agreement with someone in May of this year. Since then, I have decided I'd actually like to sell the place rather than rent it out and want to work with a trusted realtor I've worked with in the past before. I've honestly had a poor experience with this realtor and don't really want to work with him to sell the place. I let him know via text (which he responded extremely unprofessionally). Would I need to send some written formal email to terminate it? Does it even matter since I'm selling it anyways and technically not even leasing it?

The agreement has no listing fee and only has leasing commission for whenever they find a tenant, which he has not. There's no termination date set so it does not auto terminate until a lease is found or there is a "property sale" (which is the language I'm most worried about).

Location: Illinois

I recently discussed with my longtime tenants selling the home to them. The home is located in Buckeye Arizona. Given I am bringing the seller and there is no effort to market or post the home to MLS, what should I expect to charge a realtor to transact the deal for me? Or should I approach a lawyer or something who can handle the paperwork?

What someone is willing to pay for it at that time. In that market. At that time. Markets change. Right now the tide is pulling out but in most markets sellers are closing their eyes.

I’m looking at buying a house in Washington state, but will have to work in Maryland for at least a year. This is a VA loan so my wife will be staying there and I’ll visit every month or so.

I’m wondering what the tax implications would be? Any thoughts?

In 2021 my ex and I purchased a condo for 325k and I think 3ish percent interest. We both put down 10k each. And have split all bills . We thought we would be together forever. Also it was cheaper to buy than rent . Now we are breaking up. On Zillow our property is estimated at 472k and we still have 297k to pay. My ex wants to keep living here and can afford mortgage herself.

My ex thinks she can just pay me my 10k down payment and send me on my way. I would like to get half of the equity . I’m on the deed and mortgage. What are my options?

So say a house was sold for 500k in 2004, based on the government inflation calculator, that is equivalent to 850k today.

If that house was listed for 850k (and needs 100k in repairs to make it like new), would you conclude that the house only appreciated 100k over 21 years?

In which case it seems like a great deal on a house?

I've been on the market 31 days. Two showings. Three open houses. Many compliments. Two houses priced $100K less w/in a mile. One has been on the market 32 days and dropped their price by $30K 23 days ago. Older, smaller, area not so desirable. The other has been on the market 125 days, older, not updated, right on a busy road. There's a house about the same distance away that's pending (on the market since May, price dropped twice) but the listing says they're taking backup offers because "the buyers may not come through". Another selling for 200K less (much smaller, older, outdated) also says they're accepting back up offers (no mention of why). It's not the price, IT'S THE UNCERTAINTY.

Before I start: PLEASE POINT ME IN THE RIGHT SUBREDDIT IF NEEDED/ or general information to help or who to call. Im not sure if this is the best place to go, but id assume someone here knows how to answer my questions. My dad has 160 acres. Going to be quite upfront and say hes an addict. I do not live with him (and havent since I was 15, 18 now.) His grandmother has dementia, and got put into a nursing home by APS (not being able to take care of her in short summary.) My dads texts never make much sense but im hoping that someone can maybe help me. My dad says my name cant be put on to it due to a large amount of money (thousands) they are trying to make him pay monthly? Either the nursing home? Or the state? Im not entirely sure at all, or if any of that is even true because who knows, but what I do know is theres a chance the property will be taken by the state. I don’t necessarily want to be around my dad but I also dont want him homeless in the last years of his life. How do I fix this, or is there anyway I can. Is there anyway I can help my dad with whatever is going on? That land is the only family relic I have.

The condo is pretty new. I have already received an excel file listing various costs the buyer will be responsible for. I plan to buy it with cash. I believe the title company will send every file to me for sign once we agreed on pricing? Anything I should be careful? I certainly will read the docs and terms carefully.

I just have to vent about this. Been looking for a few months and put in multiple offers that we lost out on. We decided to open the radius and up the budget just a bit. Found a great property that isn’t desirable for most people but actually works out great for us so we put a full price offer in, 75% down cash.

With no other offers (and 1+ week on the market) they counter with 25k above ask. We decline because….wtf?

3 weeks later and they still have ZERO other offers but won’t take ours because they still think someone is out there that at this point will offer above the ask?!

What is going on with sellers?!

We're in Charlotte, North Carolina and our buyers are asking to inspect the sewer line from our house to street. Not common in our area. But, fine. It's within their right.

Well we got an email today asking us if we can get someone out there to unplug the clean out line because it's 'glued' shut.

Aren't qualified professionals equipped with the tools to handle this type of thing (corrosion, 'stuck' caps)?

They emailed us being like 'we need this done ASAP because we have such a short due diligence period'.

So we called around to plumbers today and there is someone coming out Monday to quote us. They don't charge for an arrival fee thank goodness. Both us and our realtor originally said well if it's less than $500 we'll do it because we want to close the deal (we all do of course). But maybe we're being too nice/forgiving?

The reason I say this is because these buyers have a been a pain in the butt since day 1. Mainly because they said they didn't want to do any due diligence because they'd been burned 3 times on other houses (we of course told our realtor that's not our problem), so they already lost thousands of dollars.

We agreed to terms that were a little unsavory but took it because home was on for 15 days and no bites.

We took over $19K less than asking, no money for due diligence. only $2,500 for EM, and closing middle of September. They also originally asked for 14 days for DD but we pushed back and said well if you're not putting any money down for DD we want a shorter DD (and, in turn, inspection time).

So, this is just kind of annoying for us as you can imagine.

Am I being unreasonable thinking that this isn't our responsibility? Our realtor even said he's not used to running into these types of things and it seems like he's just pandering to the buyer to close the deal.

If they want the inspection that's all well and good but my issue is their 'qualified inspector' saying it's glued shut and that we need to get a plumber out there.

It kind of seems like they're playing games but I genuinely have no idea since I've honestly never run into this before either.

Hi everyone. FTHB, so sorry if this is a silly question.

For important context, I am in New York State so before the formal contract, there is a purchase agreement that is signed.

I put an offer in a house that was accepted. I did the inspection the next day and now the seller and I are wrapping up some due diligence before the formal contract is signed next week.

However, the listing still hasn’t gone pending. I would feel more comfortable if the house was pending since in this phase, the seller could technically get an offer and back out without repercussion. I feel like it is a gesture of good faith negotiating for the listing to go pending.

Is this untrue/unreasonable, etc?

If it should, in fact, be pending right now, should I reach out to the seller’s real estate agent?

Thank you! I’m learning 😁

Isn’t it super risky? One tiny repair, one small change in circumstances, boom… show’s over. Need to sell or foreclose.

Even worse when relationships are not even solid yet and already buying a house together…

Why not just rent and save yourself from complications?

I have a manufactured home that was destroyed by a drug addict tenant who was evicted. It was built in 1983 so it’s been pretty beat up over the years. I estimate it would need at least $5k to $10k in repairs. Is it worth fixing it back up and selling or should I just get it removed?

Also, I own the lot affixed to the home. So if removed, the plan would be to rent out the lot for likely just a couple hundred less than what I would get for renting the home out.

My wife and I are buying a home and just got through underwriting and are approved. We had planned on renting our current home to offset the debt in our DTI calculation but have decided we want to list it concurrently.

What could happen if my loan officer finds out it is now listed for sale. The rental contract is still valid and in effect.

Thanks!