Does that tracker actually tell the buyer anything? I suppose it would really have to be in context of other homes in the same market?
(I'm 2 hours live on my home's listing with 245 views, 25 saves. But a bunch of those views are probably people I sent it to myself, just trying to light the fire.)
Home we are buying has roof that requires replacing and a deck that requires repair...
It's 5.30am right now so just looking to see if this is an appropriate or even possible thing to suggest.
"Requesting $15,000 fund to replace roof and to repair noted safety concerns of deck by licensed contractor, any unused money for the two items is returned to the seller after completion of work"
I bought my house in 2024 with a VA loan and got a rate of 6.8%. I’m really wanting to bring it down but I’m worried that now isn’t a great time to refinance. I’ve seen mixed things online and from my friends so I don’t want to refinance for no reason if the timing is off. This is my first house and I’ve never had to do any of this before so any guidance would be appreciated!
This nightmare has finally wrapped up and I'm dying to tell someone about it.
My spouse and I were on the market when we stumbled upon a beautiful house in a good school district. Great curb appeal, manicured lawn, spacious shed, it checked all my big boxes.
It was an hour away from my work, but I was convinced I could make it work. It reeked of cigarette ash and the carpet was covered in animal fur and cigarette burns, but I deluded myself into thinking I could DIY anything that could possibly be wrong with this house.
In every possible way, I was totally in love.
We scheduled our final walkthrough two days before closing. The listing agent called 30 minutes before the walkthrough to reschedule. "They're not done moving" she said.
Okay! Weird, but no biggie. We reschedule for the day before closing.
That day comes and we arrive at the home to six cars in the driveway. Three guys are smoking in the livingroom while rearranging furniture. My realtor is absolutely pissed. We walk around for 15 minutes before deciding to reschedule for an hour before closing.
I am undeterred in my optimism while my spouse is totally over it.
We arrive the day of closing to chaos. The garage is jam-packed with their personal items. My realtor tells me that their listing agent has told us to leave or they'd call the police. The sellers, a married couple, start screaming in the room that was meant to be a playroom for my son.
You could hear my heart shatter from a million miles away.
An elderly woman, the mother of one of the sellers, joins in on the arguing before the seller comes out of the house and proclaims that they "ain't signing shit". We leave.
An hour later, they call my agent and ask why we didnt show up to closing. They had signed, so why didn't we? My spouse laughed until he cried. We terminated.
We provided them with an earnest money release form. They asked if we'd split it. We declined and threatened to sue.
We took them to small claims court, which was shockingly easy. The entire process took around two months to wrap up. We served them, they didn't show up, we won by default.
We later closed on a house that checked ALL our boxes, not just the big ones, with zero issues.
Tl;dr sellers didn't move out on closing day. We terminated. They refused to sign the earnest money release form. We sued. We won.
Edit: We found out later that they were facing forclosure but managed to sell before that point. Our earnest money was released by the title company 30 days after we provided the judgment, but the sellers still owes us in damages. I don't know why they acted like that, but I found a meth charge from a year ago so maybe they were high?
Currently going through the buying process with my wife. home we liked had been sitting almost 50 days and listed in the 550-560k range. We offered $515k initially. The seller came back at $545k and our realtor tried to justify the seller’s point of view. We told our realtor the comps can say whatever they want, the market doesn’t support that. We forced our realtor to submit another offer and landed at $535k.
Inspection came back with 32 year old furnaces, 32 year old electric panel, roots in a spot in the sewer line, and attic water heater leaking. Our realtor tried to downplay everything and tell us we need quotes to support our credit requests.
It took all of my wife and I‘s strength not to tell them to STFU and ask who they’re working for. It’s not 2021 anymore and sellers can’t ask for top dollar if you’re not going to take care of the home. This is a reminder to advocate for yourself and be firm with your realtor if they’re trying to get a sale rather than do right by you.
Edit: It’s a Challenger panel.
We are looking at homes right at $300k in very much a buyers market. Homes sitting 90 days to a year and reducing / dropping original listing prices.
Is it strange that the sellers agents keep asking us to sign something that says We the Buyer will pay part of commissions? Like before we are even shown a house or put in an official offer?
We have bought and sold before and traditionally our selling agreement was always that we would pay a commission amount that could be divided by both the buyer and seller agent. ( Louisiana if that matters)
Feeling pressured and confused.
Just tried searching the home we were under contract with on Zillow and it had disappeared but it was still available on other websites. Apparently this is the case of other homes in the Chicago area due to a dispute between MRED and Zillow. MRED cut off Zillow's access to its database! Don't know when it will get fixed however this truly sucks because we were going to have our house up on the market soon to sell and the lack of exposure on Zillow won't help at all.
I inherited a my childhood home. We have no mortgage so I have used extra funds to remodel it. It is a beautiful home and I am very emotionally attached to it. However it is in a bad neighborhood. My children are becoming school aged and our assigned elementary school is a 2/10 and the second worse in the state. There isn’t much crime but very annoying loud neighbors and drug use.
We recently made the decision to sell and use the funds to put a hefty down payment on another house in a much better neighborhood. However even with that down payment we would still have to downgrade our home and have a mortgage.
Am I making a mistake selling this beautiful home I’m attached to, to live in a lesser house in a much better neighborhood?
Edit: That was fast y'all. I appreciate the kick back to reality. I'm very drained after all of the legal crap, so the allure of a quick deal is strong, but I'll stick to my guns and continue ignoring all of the calls.
Since my dad died, I've been overwhelmed with calls, texts, emails, and letters from people who want to buy the house. It's not even for sale yet, but the moment the probate notice hit the papers they swarmed in. It's all "cash offer, as is, no closing costs." I assume these are all vultures and the price they would give me is significantly less than what it's worth. There's nothing wrong with the house - it's a decent home, well kept, nice corner lot. However, as probate has been going on for the last 5 months, every time I hear from one it's more tempting to talk to them. No closing costs, no cleaning out the house, no realtor fees DOES sound tempting and my patience and sanity is wearing thin.
Can anyone tell me if my general instinct to avoid these people is sound? Any possibility in getting any of them close to a reasonable asking price? Or should I list the house normally with a realtor?
In our city, everyone seems dead set on price per sq ft as comps with almost no budging for higher quality or more desirable location. Local comps inside our individual community are $218/ft. Our asking price goes to $235/ft. A home of almost same size, less desirable features, nearby but not in our complex (an inferior one close to the freeway and no landscaping) just closed at $260/ft.
We keep being told “it won’t appraise due to the comps.” But the comps don’t comp! They are strictly looking at December/January sales right here and refuse to budge for today’s market.
Currently there are ZERO homes in the general desirable area surrounding us within the price our home sits. If we list at suggested comp price that puts our listing at or even below the nearby extremely inferior properties by any standards. The other options are all much more expensive.
Our home has desirable upgraded interior features along with views and lot location desirability. (End of cul de sac with views and open space, no neighbor on that side) But the bids are coming in for low offers under the excuse of comps.
What’s going on here?!? How do buyers expect us to sell a superior house at ugly home pricing?
hi, my bf and i are first-time buyers, we're countless offers in and have already backed out on a couple deals. we thought we finally found the one but here we are with another big fat roadblock. we were approved for a conventional loan and now the township is telling us that the lot is zoned industrial and can't be rebuilt if more than 50% damaged and the lender won't fund that. township won't make any exception and they have variance permits but not for use.
they're saying our only option is to submit a rezoning app which is just time and money down the drain if it gets denied.
the lot itself isnt technically big enough to fit industrial ordinance, one neighboring lot is owned but vacant with 0 permit history, the other is used as commercial, properties behind are residential/commercial use all grandfathered into industrial zoning. there are warehouses and distribution further into this district, nothing gross or polluting tho.
i was hoping to get opinions on workarounds for this.. how to squeeze a rebuild letter out of the township, ways to get this through underwriting, literally anything. i can dm local ordinance if that helps
We are anticipating putting our house on the market in about 6 weeks. We were planning on using the same agent we used when we purchased.
We got into a discussion about disclosures. She claims that we need to disclose every repair we've made. For example, we replaced a thermostat in the fridge. The fridge works fine now, but she's saying we need to disclose that we fixed it. The overhead garage doors leaked (never disclosed to us) and we replaced and added weather stripping. She says we need to disclose that.
Our thinking is that the problem was fixed, the appliance and doors now work like they should, so why is it necessary to disclose? She says it will avoid law suits. We think she's wrong.
What say you?
I recently closed on a property as the buyer. The seller was initially under contract with some guys that are on TV saying they purchase homes, The contract price was at 30% of the home's value. During the inspection process, the company claimed that the septic distribution box was inaccessible and was under the garage, necessitating a $20,000 price reduction. The seller agreed to the reduction, likely feeling pressured.
Upon further investigation, I obtained septic records from the Department of Health through a FOIA request, which revealed that the septic plans showed no junction box under the garage. When the sellers attempted to terminate the contract, the we buy houses guys' lawyer advised that it was binding and that they would be liable for costs.
I got the seller to request the inspection report, which stated that the distribution box was located and probed. How is something that is under 4 inchs of concrete probed? Given the contradiction, it became clear that the company had misrepresented the situation. With this evidence, the buyer agreed to release the contract without compensation.
Notably, my realtor had a similar experience with an investment property. The same company claimed the septic system was failing, resulting in an $18,000 price reduction. However, inspections at both purchase and sale (as required by state law) found no issues.
I want to have a 1.5% to 2% listing commission and a 1.5% to 2% buyers commission - on a 500k house that will sell in a week or so once on the market - what is the best approach or any suggestions
I’m curious if this is normal for agents? I’m confused as to why he wouldn’t at least send my offer to get the ball rolling. The house has been on the market for a week now with no offers.
I find it very odd he isn’t wanting to submit the offer.
What gives?
Looking for some insight on our situation.
In February we bought a house on Long Island, NY. We bought for 420k 2br 1 bath on .5 acre. We used the VA home loan with 10k down. We recently ran into an opportunity where if we took it, we would have to sell the house. My question is would it be possible to break even or would we end up spending money to sell. I have a feeling I know the answer but looking for some advice on this.
Edit to add: Our “zestimate” is now $427,200. We have added new flooring, new roof, new oil tank and new indoor paint into the home as well. And converted the back outdoor room into an extra room. I should’ve added this into my original post. Now that being said, we’re not looking for ROI on these. We basically are looking just to not have to pay any money out of our pocket in the end of selling.
Hello! I feel lied to, but I don’t know if I am screwed.
Backstory: I already was aware of Open door and it was my plan to use them later on if I needed to. They gave me an estimate about 1 month ago too that I submitted personally.
The realtor that we were considering working with told us that he could get us cash offers and even negotiate with the buyers to get us the best price. He did require that we sign an agreement first though so we did. Open door was never mentioned.
Well the next day he got some “exciting news” and we had an offer on the house, and it looked pretty similar to the offer we got a month ago. Now he is requiring his 3% commission on top of open door’s fees.
I called open door and they said that we don’t need to have a realtor and we could remove him if we wanted to. I feel very misled because if the realtor had mentioned open door then I would have told him
no. I feel like I signed the agreement because information that was left out.
If I suspect our offer is not being accepted due to racial discrimination, what are my next steps?
The realtor and sellers are both a specific race and I am white. This area was historically white but is now about half and half white and this other race (who are typically insular). The seller realtor told our realtor that they had a higher offer (at asking) but it’s been weeks in attorney review. When we inquired again, the “other offer” was suddenly $100,000 over asking and could we come up? They never officially declined our offer.
I feel like they don’t really have another offer and they are waiting for another family that is their own race to buy it. I’m planning to make another lower offer later this week because if they really wanted to sell it they would have accepted my offer by now and the longer it sits, the more negotiating wiggle room I have.
Hello everyone,
Currently selling my home, we have a buyer who made an offer and we accepted. Buyers did their home inspection and requested us to fix one item which we agreed to. Now we're waiting for the attorneys. What exactly is going on behind the scenes between attorneys? How long does it take the execute the p&s? We were suppose to sign yesterday, but was delayed due to home inspector's schedule. Are there conversations going on between agents that clients don't usually know about?
so heres the situation. got a new job in north carolina starting august 1st. super excited but also freaking out because i have to sell my place here in pennsylvania before i go.
i knew the house was old (built in 1940s) and needed some love but i took a closer look this weekend and man its worse than i realized. roof has at least two leaks i didnt know about. found some water stains in the attic. electrical panel looks ancient. and the basement has this smell that i think means something is wrong with drainage.
called a couple contractors just to see what id need to fix before listing. one said 15k for roof and electrical minimum. another said 20k once he started looking around. i dont have that kind of money especially with moving costs and a new apartment deposit.
my realtor said i could list as-is but warned it might sit for months or i might get lowballed hard. i cant wait months. i need this done by july.
i looked into those cash buyer companies but im nervous. are they legit? do they actually close fast like they say? has anyone here actually sold a house that needed work to one of those places and not regretted it?
honestly at this point i just want the easiest path. even if i lose some money. the stress of fixing everything or waiting for a regular buyer is killing me.
anyone been through something similar? what did you end up doing?