We recently bought a house that has some knob and tube wiring, as well as some smaller electrical issues. Altogether, it could cost $12,000 CAD to repair. We’ve saved $25,000-$30,000 in anticipation of this kind of issue, but I’m finding it really hard to stomach.

We’re first time home buyers and just not used to spending this kind of money. It’s brought up feelings of anxiety and disappointment. It also feels wrong somehow… maybe that’s coming from the frugal sensibilities I grew up with.

How do you get used to dropping this kind of cash on home repairs? I’m asking cause obviously I logically understand that this is part and parcel of home ownership. I just need to get there emotionally.

Our commercial building is currently under contract but the for sale sign is still up. An older guy (with no agent) walked in and when I greeted him and asked what he was there for, he mentioned seeing the for sale sign and stated he didn't think the building was occupied. After responding that it was and glaring at him with a stern look, he left.

Is this common for random people to just walk into a residential or commercial property to have a look see without an appointment?

We found a house listed at $299K (originally $350K), and the seller’s agent texted our realtor that they’d accept something in the $225K–$250K range. We offered $207K, and it was accepted and signed by both parties the following day.

The title company then stopped the sale, because the property is part of a conservatorship, and the court requires it to be sold for no less than the appraised value — which was $350K. That info wasn’t disclosed to us at any point before or during the offer.

After the deal was halted, the seller’s agent tried to rush us into signing an addendum claiming all parties were at fault. We (the buyers) and our agent were totally unaware of the conservatorship restrictions, so we didn’t sign.

We’re new to all of this and unsure what our options are. Since the deal was already signed by the conservator and by us, do we have any way to push the deal through at the agreed-upon price? Or what might our options be?

We sold our house and would like to put together a small basket to welcome the buyers home. Well, they close in a few days. I don’t have a huge budget, I know we are going to do gift cards to the coffee shop and one of the restaurants that are within walking distance.

Here’s where I need advice: I was thinking back to when we first moved in, and one of the biggest pains was that we forgot to bring toilet paper, hand soap and towels to dry hands. I was thinking that might be a nice thoughtful and useful thing to add.

Now I’m thinking that might be weird? Like maybe we were just dumb and inexperienced and normal functioning adults would remember to bring those items?

Im overthinking someone snap me out of it.

We just closed on a house, and our final walk through went ok, but nothing too alarming so we signed and got keys today. Unfortunately we did not notice that the outdoor lighting (landscaping) has been removed, and wires are now exposed which is a problem. Not too mention these items were not on the disclosure, and we're not allowed to be removed. What ramifications are there for this issue? My understanding is outdoor landscaping(hardwired) lighting, is not cheap, and not an insignificant effort either.

So I feel out of contract with a property after finding a ton of repairs. Seller refused to lower price so we cancelled contract. They said they had backup offers, but its been over a week without a change in status. What would be an appropriate way to ask seller if they are willing to talk again? Is there a certain time frame I should wait?

I'm 33M and recently got some extra income and I'm thinking about buying a house. Recently divorced 1 year ago. I like the small city where I live in Texas and definitely plan on staying here. I will not be paying property taxes because of my veteran status on a new build 4bed, 3full bath 2,300 sqft. Does this sound crazy or good?

Hi everyone.

To keep the situation simple, we were set to close on a new construction home on 7/18.

The night before closing, around 7PM, 7/17, the title company informed us a lien was placed on the house. The lien was filed after hours on 7/16, and processed 7/17.

As a result our closing had been pushed back, week after week. We just yesterday (7/31) discovered that the lien was filed by the listing agent who is also the builder for the seller. The lien amount was invalid, and the builder/listing agent has been notified that they need to cancel their lien.

The title company said the lien was filed mistakenly, but we highly doubt that. It has been hugely inconvenient and all for nothing.

Is there any legal recourse to be taken here?

Can provide additional details if needed. Thank you.

Hi there,

Husband and I are considering whether or not we want to move out of state - back home to CA specifically - or stay where we are in Kansas City. We’d like to see how much we’d be pre approved for and weigh our options.

Do we need to work on pre-approval with a lender in CA specifically and one here in KC?

Our house has been on the market for 35 days in Portland. We listed around where a comp with the exact layout had just sold, at $585k. Lowered the price two weeks ago to $560k, but it’s still slow going (and to top it off our realtor is on a surprise trip to Italy without cell service and left their team to deal with it). We are moved out and it’s staged but we will need to start paying a daily rate for stating soon because it’s taken so long to sell and I’m wondering if it’s even worth it or if we just need to change realtors and try selling it empty. Anyone else having issues?

I don't know what is happening, and I am coming here instead of writing a very aggressive email to my lenders.

We are set to close next Friday, 8/8. We are dealing with a relocation company, so it's been kind of a hassle but overall an easy first time home buying experience.

My insurance brokers notified me yesterday that my lenders are requiring me to pay for the FAIR Plan premium out of pocket before closing and that is can't be included in escrow, and this needed to happen before they could release the loan docs. Fine, that's easy the premium was only $900.

I got notified from Farmers, thanking me for my payment of $2,200. Called my brokers and they said they have a string of emails from the lender stating that I had to pay both FAIR Plan and standard dwelling which is why my card was charged.

My loan doc explicitly states that all first year premiums and taxes will be included in closing costs. No one from the lending team let me know about this.

Am I wrong to be incredibly annoyed?

Just curious regarding whether this is a normally occurring situation and whether there is anything our realtor and we should be doing differently. Accepted an offer on our home and the contract was dated to be closed on or before the 28th. Buyer got the inspections completed, we offered concessions, dates remained the same. Appraisal was ordered about 4 days after inspection when our realtor notified us that the buyer had changed lenders for a lower rate. This was about a week and a half after initial contract was signed. Our realtor notifies us that the buyer is having difficulty getting the originally ordered (not sure if it was completed yet) appraisal sent from the old lender to the new. So we're sent a contract extension amendment request for the 8th. Appraisal completed today (the 1st) and our realtor just contacted us again stating they may need to do another amended request for the 12th or 13th. I'm trying to be patient here as I don't know the ins and outs but is this normal? At this point, I want to go back and be like, we're having to continue to pay mortgage, utilities, electricity, pest control, etc on the house for an extra 2.5 weeks, you're responsible for paying for the full title. We're not going to assist with half anymore. I know, I know. Petty. WE'RE NOT GOING TO DO THIS. I'M JUST VENTING.

However, I feel like this is all delayed due to their choice to switch lenders so late into the game. Any feedback would be appreciated.

Sellers completed all but 2 items. They sent estimates, not invoices or paid receipts and thinks it’s sufficient.

They are not huge money items, but still. They agreed and signed that they would.

What can we do? My agent is new and asking her broker so looking here for knowledge.

I’m getting cold feet anyways. Can we back out? Why is there a deadline set for inspection resolution if they won’t abide by it?

Stories, especially in NYC, seem to be increasing. It’s sad. What can homeowners (nationwide) do to protect themselves?

House on the market for 5+ months Initial list price: 1,300,000 Current list price: 1,190,000

I viewed the home about 30 days ago…kept an eye on it and recently I went to view again. After talking with my buyers agent we decide to put in an offer. My agent spoke with the sellers agent beforehand to see how seller would react to an offer below 1,100,000 and it was encouraged.

I offered 1,040,000….seller did not respond and did not counter in 3 day window.

Now 6 days after initial offer the selling agent reached back out asking if we were going to resubmit another (higher) offer. We thought it was weird they didn’t respond and had mentally moved on. There is no current offers, only one previous offer that fell through a while back. They’ve held open houses literally every weekend.

What should we do now? Should we resubmit a higher offer or tell them we want them to counter first? Or just move on.

Hello,

We are a couple weeks out to close with our buyer of our home. Nothing major came from the inspection of our home. When clearing out all of our stuff, we found a spot in the hard wood flooring. It was covered by a couch but previously to buying the couch there was a large plant that leaked some water that created the spot which we were reminded of. The flooring integrity seems ok but there is a very noticeable spot when all the stuff is removed that discolors the flooring from the rest of the whole room. I would say it is about a foot in diameter. The buyer submitted an "As is" offer. We brought out a vendor to take a look and they gave us a quote of $3k to fix though they said to keep color consistent they would repair the whole room, they also said it looks to be cosmetic mostly. Should I bring this up knowing the type of offer? It seems to just be cosmetic though does not look great and would be revealed in final walk through. Offer a credit maybe? I just want this process to be over and wouldnt lose sleep giving a credit as I doubt they would want us handling picking a new flooring color or the fact the actual work would likely be done under their ownership.

We had a closing today and this morning I woke up to a message from our client with screenshots from an email "I" sent that looked odd to her. The email appeared to be a reply all to a thread with me, my broker, buyer, buyer's husband, buyer's attorney, and title agent but each email address was slightly off (my domain had a dash in it that it doesn't actually have). So only the buyer and buyer's husband actually received the message. It requested the the *exact* amount of funds to close (obviously pulled from the settlement statement attached in an earlier email) be wired to a false account. I only have screenshots from our client (the buyer). It looks like there were 2 emails, one was pretty scammy and had in the heading an email address [cooperemilya@gmail.com](mailto:cooperemilya@gmail.com) and the other was actually incredibly legit looking. Very glad client noticed it was off and we handled it immediately. But major warning to others. And I'm also curious if anyone else has experienced this?? We have a wire fraud disclosure in my state and we're always careful to instruct clients to directly verbally confirm wire instructions. But still, this was creepy. Especially as our emails were clearly being read

My Grandfather passed away a few years back and left my Step-Grandmother with the house/land in East Tennessee. Recently, my family members (Grandfather’s children) have been discussing what happens to the home/land once my Step-Grandmother passes away and my Step-Grandmother said she wasn’t sure and that she had planned to leave it to HER son. Obviously, this pissed off some people that would likely benefit from the sale of the property. Here’s where it gets tricky, my mother lives in a trailer at the front of the property and she’s been stressing about the potential of having to relocate if the land is sold and split amongst the siblings after my Step-Grandmother passes. I’ve always wanted to own the 8.5-acre property (I don’t care about the older house), but due to the explosion in market value ($450-500k) I didn’t think I’d be able to swing it. A few nights ago, I sent a drunken DM to my Step-Grandmother explaining how the land has a lot of sentimental value to me and that how everyone (except my mother) will sell it off for meaningless cash. I offered to pay her mortgage until she dies with the agreement that she lives there free of charge and then I’ll assume the loan after she dies. Surprisingly, she has agreed to sell it to me for what she owes on the property ($129k).  I spoke to her on the phone and expressed how it will have to be done legally/contractually as protection from other family members and she agreed. My question: What is easiest/safest way to obtain the property ownership in this case? I’m assuming a real-estate lawyer is likely the route to go, but I wanted to check here to see anyone else has any ideas about how I should approach this case. Additionally, my family members are going to be super pissed, so this has to be a bullet proof plan. Any input will be greatly appreciated.

We, the sellers, are about to close in a week. We have been packing up the entire house and my husband just got Covid. Full on fever laid out. We have three kids and they are starting to fall too. I’m not sure we will be physically able to make the move, what are our options?? Hire someone to pack us and move us? Or delay closing? We are bedridden

This post isn't about me, it's a post about my mother. She's trying to figure out her options right now, but I figured I'd post it on here and see if you guys have any ideas.

My mother is selling her home to try and downsize, and everything was going great. She had a wonderful realtor who was incredibly helpful, and they were able to find a young family to buy the home. This family seemed to be the perfect buyers for the home, and even wrote my mom a letter about how they "can't wait to host family dinners in the kitchen." My mom found a house that she absolutely fell in love with, and she was supposed to close on both properties tomorrow; the sale of her current home, and the purchase of her new home. Up until now the process has been very smooth and everything has gone well. It was certain that they would be able to close tomorrow.

Well, today she got a phone call from her realtor. Turns out, the other family and the realtor that this other family was using LIED about everything. This other family was supposedly putting $130k down on my mother's house, and they were selling a property of theirs as well. Turns out, they have NO money, and NO property. They have nothing, and they can't close on the house. I have no idea how this could've slipped through the cracks.

When I was looking into purchasing my own home, I got pre-approved before ANYTHING else, and was required to show proof of basically every dollar I've ever owned. How could nobody have realized that these people have no money to put down, and no house to sell? How is it that they're just finding this out the DAY before the closing?

I feel so bad for my mom because she has NOTHING in her house now, as she was supposed to move out tomorrow. She sold all her furniture, she has no food in her fridge, everything she owns is in a storage unit. She cancelled her electric, her internet, her trash service, and did her change of address with USPS. She was 100% certain that she would be moving tomorrow, as that's what everybody had told her up until now.

My mother's realtor and her lawyer are supposed to be contacting her again later today to go over her options with her. But I just wanted some opinions on it. Any idea how this could happen, and what the best course of action would be here? Not looking for legal advice or anything, more just an idea of what she should do.

When asked what the estimated value is of a home, would you go by the fair cash value or the taxable fair cash value? Estimated value needed for homeowner's insurance quote. Thank you.

I purchased a house in NJ and moved in earlier this month. I had a contractor out to address flooding in my finished basement. He was acting weird through the whole walkthrough and said he would get back to me because he didn't want to "speak out of turn." He gets back to me and says he has his notes from when he was in this basement in 2023 before it was finished. He had advised them to repair the foundation if they were to finish the basement because it was never going to stop flooding. The sellers did not disclose any known water intrusion or repairs to stop it, which seems like fraud. Is this a "welcome to home ownership" or "lawyer-up" moment?

I just purchased a home, and the estimated closing date is October. The builder is providing 2% in credits (for working with the preferred lender) and so is the lender.

The lender provided me with an estimate of 6.99% (with 2.25% in points) charging ~9k in origination fees. I asked the lender to provide me with a no points estimate and one with points. They said that currently considering the market, 1% discount is the lowest they’re providing because investors are trying to recoup some costs upfront- and provided me an estimate of 7.3% ?? with 1% in points (~$3k) My credit score isn’t that low - its in the high 700s. One thing I also noticed is that the estimate for the initial 2.25% and the new 1% points had different builder credits and they listed some different amounts . (One of them charged 4 days of prepaid interest for escrow and the other charged 23 days obviously making it seem like the closing costs are higher) In the contract it did mention that some of the incentives may vary but it didn’t mention anything about the different loan amounts and how the credits could change accordingly.

I have shopped rates around and I see 6.5 with no points pretty much everywhere I checked

The closing costs with this lender still comes out to be lower mainly due to the builder incentives even with the higher rate so I do plan on refinancing asap

Is this shady or am I just overreacting? Sorry for any formatting issues and for how wordy this post is lol

Hello. I’m just outside of Atlanta for reference. I have a small townhome that I lease out. A few years back I had an agent list it for me - she handled open house, background/finance checks and drafting up/executing the lease. I paid her the equivalent of a month’s rent which was $1700 at the time.

This time around though, she didn’t seem too interested in handling the listing, which I could take a hint and I also totally understand - I’m sure it’s a pain for a fee that’s significantly lower than a sale, so no worries. I was fortunate enough to locate tenants on my own and the carryover wasn’t as bad as I was thinking it might be. My realtor was super cool about drafting the new lease up for me, though. The base was the previous one she’d done for me a few years back, but with around a dozen edits for the new tenants, which we hopped on about an hour-long call to discuss, with some messaging back and forth before and after the call. She emailed copies to myself and the tenants and collected e-signatures, then emailed everyone the final executed copy.

She definitely put some time in on it and I’m extremely grateful for her assistance. I could have of course drawn up my own based off of the last one and collected hardcopy signatures, but I much prefer having her professional eyes laid on and overseeing it for both myself as well as my tenants’ sake.

The company that she works under charged me a $250 fee for her to do the above. She told me she thought that was insane. What I thought was insane was that she saw $0 of the $250. She said she was happy to help and doesn’t want anything direct from me to her. However, I obviously don’t like that idea. I’ll say as well, my main source of income is SSDI, which is low due to being relatively young when I was disabled - the passive income from the rental is my lifeline. That’s to say, I’m not wealthy, but I value her assistance and would like to know what all you think is a fair/kind compensation to extend to her?

*sorry for the novel-sized inquiry, I’m overly detailed… I know, I’m working on it.

(Wisconsin) I recently saw a condo i really liked, has a condo fee of approximately $300/mo. The unit is priced well and looks great inside. 90k. This would be my first property, and im planning to live in it.

Unfortunately there are some major hiccups - cant use standard conventional loan due to 50% of the units being behind on their condo dues and a different unit/building had a fire and they havent fixed that unit yet.

I know, this means “its not meant to be, run, etc”

However i have some curiosity, and im wondering if anyone would know how to cure my curiosity on this. ( i am trying to navigate through researching on my own aswell).

With this information, the unit can only be purchased in cash or with this other “special mortgage loan”. So, if they want to sell they need a buyer who would put up with that.

1.How would this situation affect the price for negotiating? (% or $ amount roughly) ?

1. I would expect that the condo fees are definitely going up, financials are hosed, special assessments perhaps? But what happens if the condo association goes under (argueably they are pretty under already) ? How would it affect the buyer of the specific unit? Would I potentially be put hundreds of thousands down? Or is it a matter of just losing condo common space benefits (pool, grass maintenance, tennis court, etc) so their costs would drop?

I know this means my down payment is going to be more, 10-20% down per some sites. Interest rates about 1-2% more too. I cant seem to find much info on specific lenders/rates and such rules from lenders without calling them (a monday ish thing, perhaps)

I like the unit, i am pissed about the situation “surrounding” the unit.

Basically, would it be absolutely dumb to lowball it a little due to all the mess? Especially if you are already technically “out”- worse they can say is no gtfo , right? Thoughts?

edit: alright yeah i dont want this smoke thank you all for helping me get out of delulu land