r/HouseBuyers

New moderators needed - comment on this post to volunteer to become a moderator of this community.
▲ 2.6k r/HouseBuyers+365 crossposts

New moderators needed - comment on this post to volunteer to become a moderator of this community.

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u/GaryNOVA — 18 hours ago

Is it a good time to buy a home?

Hello I am considering buying Rhode island or California (southern CA, not LA). I want to know if it is a good time to buy a home? I see homes coming down, I feel a little bit scared buying one and there’s a market crash?

reddit.com
u/Little_AngelS2 — 9 hours ago

Single family to Townhome

Hi all! Has anyone ever went from a single family home to a townhome? We randomly came across an open house and we were not planning on buying for another few years but we really loved this place that we toured since it’s close to an outdoor mall that we go to all the time and it wouldn’t be that far of a move for us (only 10 mins). However we’d be giving up our yard which is also pretty desirable too. We’ve only told a few people about this potential and while people are supportive, they can’t believe we’d give up our yard for none at the new place. There’s lots of cool perks at the new place though despite having an hoa and no yard though like multiple floors so that guests can have their own space, huge kitchen , no dealing with sprinklers, high ceilings , more modern, all rooms basically have their own bathrooms , and no yard maintenance . Just curious if anyone else has made a similar move and that we aren’t crazy for losing the yard.

reddit.com
u/Different_Luck_6015 — 17 hours ago

Redfin Reports U.S. Home Prices Rose 0.27% in July, Essentially Unchanged From a Month Earlier

US home prices rose 3.4% from a year earlier, the fastest annual growth in a year. 

prnewswire.com
u/BathroomMaximum1721 — 1 day ago

Buy or rent?

I am in Virgnia I am 20 years old. I will put 20% down on a $350,000, but I hear a lot of people say nows not the time to buy. I know intrest rates are high I can afford it. They say to rent right now but most of the places near me rent is higher than a mortgage payment. I am torn and want to make the right choice.

reddit.com
u/Hot-Cut7598 — 2 days ago
▲ 1 r/HouseBuyers+1 crossposts

i wish i was further, 34f

single income
$~110k-ish with bonuses
+ ~$5k a year casual pet sitting for friends and for fun more than for money

savings
$81k 401k
$10k in IRA
$3k index mutual funds
$45k liquid high yield savings

debt
$17k federal student loans left on low apr (2.4% to 4.2%)
no car loan
no rent or mortgage payment
edit: i have free housing as part of my employment.

i have some balances on credit cards usually 0% interest promos and i use a few cards to pay for all daily expenses and pay statement balance in full each month. total average between $3k to $7k.

i'm really struggling on the decision on if i should use my $45k as a downpayment on a house soon but it would make me extremely house poor. home minimum $500k(needs lot of work) to $700k (average) in my california neighborhood. my mortgage would be $3,500-$5,000 monthly.

i'm extremely lucky and grateful and don't have many bills but i have acquired some bad shopping habits with my discretionary income the last few years. it would be a huge lifestyle change for me and i'm not sure if i will succeed.

yet the market is getting worse and with inflation and interest rates rising, i don't want to miss the boat.

thoughts?

reddit.com
u/103cents — 2 days ago
▲ 637 r/HouseBuyers+2 crossposts

Home Sellers now outnumber Buyers by 630,000, the largest gap ever recorded 🤯👀

u/Snoo-75384 — 5 days ago

Help me understand the obsession with needing privacy

I live in a house on 0.10 acre

Houses are close together and divided by bushes or driveways.

I like walking the neighborhood and seeing other houses.

I needed a shovel the other day, and just crossed the street and borrowed one.

We wave and say hello to neighbors when we're coming or going.

I've golfed with some neighbors on the block.

Had some over for a porch beer.

Block is quiet, yet loaded with classic homes.

Help me understand the obsession with needing privacy

reddit.com
u/Even_Topic2494 — 5 days ago

Is it normal to not list a house as Pending when under contract? (in fact it's on Spotlight now)

I went under contract on a house on Friday and am in the inspection period. But I noticed the house is still not listed as Pending on any sites. In fact, it's now a Spotlight house on realtor.com. Is this normal? I know they can collect back-up offers, but this feels strange to me.

reddit.com
u/1090857 — 3 days ago
▲ 1.4k r/HouseBuyers+2 crossposts

The Atlantic on why choose good school districts

Almost no parenting choices are as fraught as parents think they are, Seth Stephens-Davidowitz wrote in 2022. https://theatln.tc/aHuolCdy
"Let's start with a basic question: How much do parents matter?" Stephens-Davidowitz asked. "How much can great parents improve a kid's life, compared with average parents? A major challenge with learning about parental influence is that correlation doesn't imply causation. For example, kids whose parents read a lot to them tend to achieve more academically. But parents don't just give their kids books. They also give them DNA. Are some kids drawn to books because of their parents' reading habits? Or are both parent and child drawn to books because of their genetics? Is it nature or nurture?" One scientific study found that the effects of nature on a child's future income were some 2.5 times larger than the effects of nurture.
So is there something a parent can do to influence a child's success? Stephens-Davidowitz found out that there is, but that most parents may not even think about it. "I have estimated that some 25 percent-and possibly more-of the overall effects of a parent are driven by where that parent raises their child. In other words, this one parenting decision has much more impact than many thousands of others," Stephens-Davidowitz wrote. "Three of the biggest predictors that a neighborhood will increase a child's success are the percent of households in which there are two parents, the percent of residents who are college graduates, and the percent of residents who return their census forms. These are neighborhoods, in other words, with many role models: adults who are smart, accomplished, engaged in their community, and committed to stable family lives."

u/Cautious_Doctor8961 — 7 days ago
▲ 138 r/HouseBuyers+2 crossposts

Home prices climb to July record despite slower sales

There could be several reasons why home prices are going up although number of sales dipped. One of the possible reasons is that sellers are holding firm and not being quick to lower asking prices.

nbcmontana.com
u/BathroomMaximum1721 — 6 days ago

Which home looks better

I like the layout of both of these homes but I can’t choose which looks best. Please help

u/West-Emu-8277 — 6 days ago

Seeking advice on a home buyer inspection

I am a first time home buyer and had an inspection completed (late 90s house in TX) and there were a lot of findings. I am not used to this process so I'm not sure where this would fall on the "excellent" to "run away with my good faith money" results.

My realtor said that this was a really normal inspection and I shouldn't ask for concessions (I got the house 2% under asking). However, it's a a realtor so they want me to buy the house.

There was also a seperate pest inspection that found Carpenter ant frass in one of the windowsills.

Only thing inspector seemed super worried about was the improperly piped condensate drip line that terminated at the plumbing vent stack.

Personally, the water damage and wood bulging in the master bathroom concerns me. As does all of the sprinkler issues and carpenter ants. However, I have never owned a home and don't know what is a big issue or not.

Thank you.

u/Hot-Education4582 — 4 days ago

Seller claims rainfall shower doesn't need glass backing?

This shower that doesn't have a backing glass and the seller claims that because the shower is 'rainfall' and doesn't need one.

It seems odd but I thought I'd check, is there some truth to this?

u/Hot-Education4582 — 6 days ago
▲ 1.6k r/HouseBuyers+1 crossposts

We got the keys! Winter Haven, FL 294K 6.825%

We did it! And it was actually so smooth and easy, where's the catch?

Offer given 7/11
Offer countered 7/12
Counter accepted 7/12
Inspections done 7/14-7/16
Clear to close 8/3
Closed 8/10

This subreddit made me think this would be the hardest situation of my life lol... make sure you have your paystubs and bank statements ready. You'll be fine. We're excited for this new journey! Lots of stuff that make me dislike the previous owners but oh well it's mine and I can do whatever I want now 🤭😅

u/Outside_Sir_9141 — 9 days ago

Red Flag?

we’re going to go look at this home, I’m wondering if this history raises red flags? what are some explanations for this? maybe when originally listed the house wasn’t updated and so they took it off the market to make updates after feedback? Or maybe the seller has a set price in mind and isn’t willing to budge? it looks like it hasn’t even undergone escrow at all during the times its been listed and relisted. thoughts? Concerns? SoCal market

u/Ambitious_Remove_894 — 7 days ago
▲ 21 r/HouseBuyers+2 crossposts

US yields keep surging. They are all flirting with multi-decade highs. Not an ideal setup with ~$40T in debt, $2T deficits and another war to finance. Bessent has been awfully quiet.

Spin this, NAR.

u/Boo_Randy_Revival — 6 days ago

Why has Realtors market clock not updated in months?

Why does the clock only go up to April? Am I missing something?

u/Full_Regular_1751 — 6 days ago

Waiving inspection because of seller’s pre-inspection

We just got under contract on a house we love, built in 1977, same owners for the past several decades, and in a competitive area with a great school district. Upon entry, we could tell the house had been maintained well. We were up against a few other offers.

For our previous home offers, we didn’t waive inspection, but these home seller’s had a full pre-listing inspection done right before listing the house, which we got to review before making the offer. Everything looked pretty good… a few minor things, but the seller’s are or have corrected a chunk of the items before settlement. That seems pretty uncommon in today’s house buying marketing. So, we chose to waive inspection on our offer.

Just curious, would you have waived inspection too?

EDIT: the inspection specifically stated that it was conducted in the same manner as a buyer’s inspection, with the property evaluated as if the client were purchasing the home.

reddit.com
u/Such_Question8207 — 8 days ago