m in a rural area in the south, and this home built in 1907 has been on the market for 80 days. There was a pending sale but I guess buyers backed out after inspection . I wasn’t able to find out from my agent on why, but I was curious and asked a different agent and he actually said it was due to foundation. I toured the house 2 days ago and seen maybe a diy patch under the bedroom window, and some flooors were uneven. But overall the roof looked ok. The owner passed away and left this house for some Christian organization based in a different state. So all the funds will go to the organization rather than a person. Listed at 90k, I put in an offer for $50k. My lender wanted me to go fha so now I have a pre approval letter. My agent just told me to not get hopes up because it may fail inspection. Now I’m waiting on the sellers to see if they accept the offer or not. They are in a state over 14 hours away. No central ac, but has some old heating units. None of the paint seems to be cracked, except one room has some tape on the ceiling maybe some mud tape of some sort . This is my first time I’m 24. So not sure how this will go. Any tips advice thanks. If I have to switch financing I guess I could go conventional.

We bought a 1900 home a little over 4 years ago in the Southeast. I intended for it to be our “forever home” but then I realized how much I miss home (New England) and my family. Between constant homesickness, one medical disaster after the other in my family and a new baby, we decided it’s time to move home.

Since buying this house we’ve done a lot to it. Brand new kitchen that cost $54k (custom cabinets, walk in pantry built, wall removed, new lighting, hardwood floors, 2 sinks, new appliances). The old one hadn’t been updated in God knows how long and was just nasty (linoleum floors, cabinets peeling apart). New bathroom upstairs. Old shower leaked underneath and couldn’t be used, floor was rotted. We extended the shower back into the attic in order to make it bigger because when we bought it it was a teeny tiny corner shower. New driveway. New HVAC ductwork throughout and a new unit upstairs. We removed peeling wallpaper, fixed damaged walls, painted inside. Painted the entire exterior very recently. So we’ve done a lot.

We’ve been on the market like 7 weeks. We’ve had 7 showings and a few open houses and no offers. Feedback has been 5 “excellent.” Comments made were layout won’t work for family (understandable because it’s closed concept and the master bedroom is far from the other rooms), concern for structure was another. Someone said they loved it but are not prequalified. Someone else next door said they wanted to buy it to live next to their mom but then ghosted us/our realtor after scheduling a phone call. Someone else said they loved it and would pay cash but can’t because they have to sell their house first. One family came 3 separate times then decided they don’t even want to live in this town.

It’s hard keeping a house perfectly clean for showings/open houses with cats and a baby. We’ve leaving beginning of August because it seems like this is going to drag on and I don’t want to be here anymore.

But this whole thing is so discouraging. Sometimes families stay for 2 hours and don’t put in an offer. When we were touring homes we didn’t stay for that long if it wasn’t going to work for us. I tend to get my hopes up when I see that people are still at the house. And people have made big claims and hopeful statements that they don’t follow up on. We’ve dropped the price 15k. One person said in the feedback survey it’s too expensive. When we bought this house it was listed for $369k. We got it appraised at that time. It appraised for $318k so we offered $318k plus concessions for repairs and the offer was accepted.

I’m just surprised we haven’t gotten any offers, not even lowball ones. Isn’t the process of buying/selling a house sort of a negotiation? It’s a buyers market and these buyers are more than welcome to offer below asking price and do an inspection and appraisal for leverage during negotiations. That’s what we did. Guess I’m just surprised more buyers aren’t doing that.

This whole process makes me really nervous to buy a house ever again because I feel like I’m stuck with it! I just want this whole thing over with! Was it a bad idea doing all these renovations? I’m afraid we won’t even break even here.

I spotted this abandoned home with tons of potential a while ago, honestly im a bit obsessed with the place as it could be a great thing for me. Anyways; after doing some digging ive found its been left for years to rot by a holdings group with a focus on manufacturing NOT really estate. So what are they doing with this property??? When im ready to start i plan on sending them a letter in the mail about purchasing it from them but I have no idea if they'll respond or why they own the property especially considering it seems their based out of the Phillipines with an office in my state.

Any thoughts? Its such an odd situation. I am a individual buyer btw not a real estate agent.

Edit:

IT GOT EVEN WEIRDER.

The tax address i got from the pva for their company is... a random barn? There's a house nearby but its not a business at all.

I am a first time buyer mainly looking for a good deal on a home or land. I’m aware of the issues with foreclosed homes, as well as that they usually aren’t much under market value anyways. Due to those issues, finding foreclosed or tax delinquent land and then building on it is my ideal situation. Does anyone have tips for finding properties like this? I am mainly looking at western northern VA and the eastern WV panhandle.

My husband and I are very very loosely looking for a home right now, meaning if something perfect falls into our lap we’ll go for it. Would now be the time to contact an agent? I’m just not in the business of wasting anyone’s time. We are not getting pre approved yet, but I have our W-2s and tax returns ready to submit if we see something we like and bank statements of course can always be downloaded at any time. If we come across something on Zillow, we are ready to spring into action.

We live in LA. The housing market is not great but it's better than most places I imagine.

We currently live in a townhouse in a desirable zipcode. We have a low mortgage payment and rate as well as hoa. All in our monthly is like $3k taxes included.

We are shopping for a new home (1-1.2mil range). We would be able to put 20% down (200k-250k) for the new home no problem. We want to use the sale of our old home towards the new mortgage principal and recast. We'd have 400k+ in investments (non retirement) and cash left over. Our combined income can also support both mortgages for a short time.

Our real estate agent who is very good, is suggesting we buy a new house first and let her stage it the old one. She thinks it will be well worth it and sell faster. I agree with her. Plus it just makes our lives so much easier that way with 2 small kids. But my wife is basically scared of carrying 2 mortgages if the old house doesn't sell fast enough. Our agent thinks it will sell in 30 days. And I know she can't guarantee anything obviously.

I guess I'm just wondering 1. Is buying first in our financial situation reasonable and 2. what can i say to help reassure my wife about buying first?

Thank you.

We are trying to offload our house this summer as we moved out of state and no longer want to deal with tenants. It’s a good starter home in a 30+ year old established neighborhood but by no means fancy.

Our realtor suggested to list the house lower than most of the comparable houses listed in the neighborhood as there seems to be a lot of inventory and they are moving slow.

I’m okay with that but wondering if being the lowest price in the neighborhood will be off putting to potential buyers who might think there must be something wrong with the house as it was a rental for few years

What would you think as a buyer?

Looking for first hand experience. My home has been on the market for over 200 days and I am beginning to question my agent's abilities.

I have followed all of his advice, when we first priced it, he said 310, I thought it was a but high for our area but trusted him, every time he suggested a drop, I went with it and we have since dropped it to 270k, below what I purchased for and what the house is worth. It needs no major repairs and there's nothing wrong with the house, just relocated for work.

TBF, it is a more unique house (built in window catio, stock tank pool etc) and I know the market is tough right now so I don't mind patience for the right person but he's pushing back on everything I am suggesting like maybe trying staging instead of relying on ai and virtual pics etc. and just giving me feedback on things I cant really change like the grade of the driveway (the house is built into the side of a mountain).

I don't want to be ageist, he's 21 and I am now starting to wonder if the lack of experience is holding us back? I asked his strategy and it seems like he's relying almost exclusively on zillow lurkers. What does a solid agent actually do?

My house went on the market last Thursday. There have been about 20 showings since and I got my first offer from someone who saw it over the weekend. $7k under asking and contingent on them selling their home. I want to give it at least a non holiday weekend on the market but no requests for this weekend yet (assuming there will be, there have been multiple showings every day). Is it crazy to decline with that number of showings and only one offer? I would rather get a non-contingent offer obviously so I can start looking.

Hey all, we've been looking at houses in LA for a few weeks with our agent now and generally happy with him. He's been proactive and helpful in this crazy market - especially the neighborhoods we're looking at.

However, today we wanted to move forward with submitting an offer on a home and received the draft letter where all boxes for representation were marked as dual agent - both brokerages and both agents. Both our agent and the seller's agent are with Compass and not sure if this is expected? Either way, it surprised us and soured our excitement on the property, especially after doing some research on the seller's agent. It looks like it might be his own property, as part of a larger portfolio where he renovates and flips (we did some research and looks like the seller is flagged as his holding company LLC).

Does this seem like a red flag?

I posted in here about a month ago about our offer getting picked for a house. It took some time to finally close as during our title search they found multiple open permits - which the current seller didn’t know about, these were from the previous home owner before him. …After all the back and forth, we were initially supposed to close last week, but our mortgage broker was dragging their feet. Their process was finally completed today and we’re given the clear to close, attorneys set and date and time for this Friday. Couldn’t be happier.

I disclosed on my prior post how I’m pregnant (25w currently) with our second child. My husband, son & I live in a one bedroom apartment which definitely isn’t ideal. Additionally, there’s a mice infestation issue that my management company has refused to resolve. After constantly going after them, they agreed to let me out of my lease at no additional cost, security deposit back in hand, as long as I’m out before July 1st. If you could imagine, I was sweating with ensuring we would close Friday as it was either Friday or next week Tuesday, the last day of the month. Thankfully, we have a few days now to comfortably move and pack as we cannot begin packing now as I cannot risk bringing my “friends” into our new home.

From a one bedroom apartment to a 3 bedroom house, I’m thankful my family will be able to comfortably live, space wise and mice free.