Hey everyone,

I recently received a request from my property manager, and I’m hoping to get some advice on how to handle it. They’re asking to be added as “Additionally Insured” on my property insurance policy. The reason they gave is that they want to ensure they’re covered in case of any potential damages or liabilities related to the property, especially since they’re handling things like hiring vendors, finding tenants, collections, and possibly evictions.

They mentioned that if there were ever litigation, both of us would be the target, and by being listed as “Additionally Insured,” the coverage would extend to them, which they say would be beneficial for both parties.

I’m trying to weigh the pros and cons of agreeing to this request. On one hand, I can see how it might simplify things and create a shared responsibility. On the other hand, I’m concerned about potential downsides like increased premiums, limited control over claims, and the possibility of being indirectly liable for their actions.

Has anyone here been in a similar situation? What were the outcomes? Are there any red flags I should be aware of, or is this a standard practice? I’d really appreciate any insights or experiences you can share!

Thanks in advance!

Is this totally normal? Our agent says this is so rude, and we agree. My husband and I are buying our 3rd house - we started with a multi family that we now rent out and bought our first single in 2020, now are looking for a larger home now that we have children.

This has never happened to us before. This house has been on for almost two weeks and yes we went under asking with all 3 of our offers - but still much higher than comps are showing - (we and our agent believe the house is overpriced). We’ve even found a way to waive the home contingency by receiving a large gift and have waived inspection. The sellers have not responded to any of our offers - they don’t have any others according to their agent - they just keep letting them expire without even declining them. We are thinking we should give up after this?

House listed at 1.225. Comps sold between 1.1-1.17

Offered 1,175,000 1,185,000 with no contingencies or inspection 1.2 with no contingencies or inspection

We really want this house and can picture us raising our family there. But…what the hell else can we do?

Absolute crickets. Thoughts?

My husband and I bought a house in Texas back in 2022 for $263,000. The value has depreciated to $250,000 according to Zillow, $243,000 according to Redfin Recently, my husband received a promotion in a HCOL area. We’re willing to move, but so stressed out with the current mortgage.

We live in a new housing development community, where they’re still building many houses and apartments all around us.

We have a 1200 sqft 1-story home with 3bed, 2bath, and 1 car garage, huge backyard. We’ve added a deck and plenty of plants and trees.

Now if we sell it, it’s likely to sit on the market for long time. Our monthly mortgage is $2000. Rent for similar houses around our area is $1600.

even if we can rent out house out. We would still lose $400 a month and if we cannot, we would lose the full $2000. That’s not including the rent that we would need to pay at the new location.

We’re not sure what to do right now and are open to any advice, Thanks!

Already asked on a different forum... but hopefully someone will answer here.

I understand that you can include up to 6 months of mortgage payments into your standard 203k loan to pay for the mortgage during renovation prior to loan closing.

So lets say your original mortgage is $1k/month and you want to delay your mortgage payments for 6 months during renovations. Does this mean you will add $6k to the original loan amount of lets say.... $10k. Which will then result in a NEW total mortgage of $16k, and now your NEW overall downpayment is 3.5% of $16k.

But are the two loans are "separated" so that your overall monthly mortgage is still $1k based off of the original mortgage of $10k? And not recalculated so that your monthly mortgage is now increased based off of the new $16k mortgage?

Sitting at 6.1% got refi offers to buy points down to 4.5%. Should I jump on this or just wait and see what the feds do?

Wondering how strict the occupy within 60 day rule is.

The situation involves a buyer that just purchased a single family home with an attached ADU. Both units are currently occupied on fixed term leases through this year.

In theory, the buyer is supposed to be moving in within 60 days as per the loan terms. Does anybody follow-up with that? What would be the risks of the buyer waiting until next Spring to move in?

So I'm a relatively new buyer (only purchased once before) I've been living with family after my divorce and trying to find somewhere closer to my children for when they start school to maintain my 5050 custody long term.

There's a couple properties in my area that have some decent potential pretty low price points. My budget is about 330k to be comfortable. I cam across a property that is pretty structurally sound. Newer roof, new hvac new furnace. Pretty much set to redo floors and the kitchen. It's priced between 200-230 my guess is probably an estate sale.

I'm pretty handy so some of the small stuff I could handle. Plus I don't have to officially move till end of spring since my daughter is in my district right now for school. So I have 6+months to take on the project since I'm no obligated to another mortgage.

Is this a crazy idea? Or is my situation pretty optimal to basically redo the complete interior of the home?

House size is only roughly 1k sqft 3br 1 bath.

Guess I'm just motivated to really get somewhere that would be an awesome homs for them and transition not living with my parents a little easier.

In DFW, I have noticed in the past couple years, South facing lots are always the last to sell in new developments. Additionally, they are also always the cheapest with the lowest lot premiums. Reasons are they get the most sun + light and culturally not popular. How about in your area?

Michigan - Mom with dementia needs to sell her home. I've tried decluttering it, but this job is taking months and it's overwhelming trying to do this all by myself, since my siblings aren't involved at all. A lot of the items are new and it's a shame to leave them behind, but I don't have the energy to sell anything. Excuse my ignorance, but Is there some type of company or service that will buy a home with all the items in it? What is that even called?

My husband and I are planning on moving to a new state next year with two kids. The goals is to officially move over the summer so my son can start the new school year at his new school and my daughter will also start kindergarten there. We are planning to visit the areas we are looking into (which are in KY, OH, and IN). Both my husband and I are approved for remote work.

This first trip to visit the above areas is very exploratory. We just want to get a feel for different neighborhoods, culture, traffic, etc. But we would still like a realtor to give us their insight on things we need to know.

The question: Are realtors generally open to working with clients who are in an exploratory phase like we are? We wouldn’t buy a ready built home until next year, although we are open to new construction. Our plan is to use this first trip to narrow down an area and then use future trips to actually house hunt in that area.

We are also open to renting but we do plan on landing on a city BEFORE we move because it is not our intent to make our kids switch school districts again. So we would prefer to just buy a house (and we would be making visits so this isn’t a “sight unseen” scenario).

Second question - would love some general advice for others who have done what we did (specifically looking for those who have kids and made the move).

We want to pay cash for the new house (for a number of reasons) and then pay off the HELOC or home equity loan when we sell our current home. Which type of loan would be better for this? Thank you.

I am interested in a foreclosed property owned by a credit union. It has been on the market for 110 days at a price of $1,068,000. The former owner paid $725,000 less than a year ago.
It is a big house, and it needs new roof, flooring, paint, and updates that I figure will cost about $200,000. I checked comps in the neighborhood and averaged 6 sold properties price per square foot to be at $263 per square foot. The foreclosed house will have a value of about $1,350,000 to $1,500,000 after renovation.
I am planning on making an all cash offer. How much should I offer? Any advice? My husband and I are experienced renovators, but have never bought a foreclosure.

We have a new construction walkthrough next week. We also have a new home inspection scheduled this week. We are already noticing in an area where a cabinet has open shelving above it, it appears to be not level. At first glance it looks like the shelving is not level, at second glance it looks aligned and maybe it’s the ceiling line above. When taking photos I’ve tried adjusting the grid line where you crop the picture and things don’t look right, but not each photo was dead on center with this area. We will have the inspector ensure everything is level. But, if not, what would be the remedy? Should we expect this could hold up closing? We have timed it with a lease that expires the following week after closing. We certainly don’t want to walk away but want it right and hope to close on time.

House I am looking to buy has a fence that is over the property line by 1ft in neighbors house. According to my realtor and attorney I should keep quiet and just buy it.

Would this cause issues in future ? Should I have the seller move the fence that is 70ft long?

My husband and I have 11 years left on a refinanced 15 year mortgage with a 2.5% rate and an 1800 monthly payment. We have $185,000 left on the mortgage. Our home is a small 1,800 split level. We have a lot of equity built in the home. We could probably sell it for 200,000 more than we bought it.

We recently have been gifted $200,000. We have a son with a disability and really need a more accessible home. Do we put on an addition or move? My husband never wants to move due to our “golden handcuffs”. The gift givers intention is we use it to buy a house. We live in a very expensive area and an upgrade to our home would be somewhere between 600,000 to 800,000. Thoughts?

Wondering if I'd be able to buy some land and put a mobile home on it, i definitely have enough to do it, I am just wanting some other opinions, I don't need much and a mobile home would suit me just fine, i'd run all the necessary lines ofcourse.

Considering home purchases and sales are typically the largest financial transactions people make in their lives, everyone seems ok to just have a burger flipper “unlock the door” and hand over a contract .. with zero additional value.

Need advice on making updates before trying to sell and welcome to any design ideas.

In our kitchen we have old white appliances, nasty tile, and maple wood cabinets. We are hoping to sell our house in the next year or so. I have goals to change out the hardware, but I have waited because I was thinking of painting the cabinets. However, now that we are closer to selling, I’m not sure if DIY cabinet painting would provide aesthetic value. I was thinking of doing cream cabinets with Gold cabinet pulls. I would love to replace our tile with some darker wood.

That being said though, I’m not sure if it’s worth our while to do these upgrades before we sell. Our budget is pretty low (maybe would be open to maximum 5K more into this house). We bought during 2020, when interest rates were low and got a great deal on this house, it’s probably worth ~100K more based on the current going rate in our area. Most of our budget this last year went to new siding, roof, and fence.

If I don’t paint- any ideas for cabinet pulls to get? Should we upgrade our appliances? What would make this look less dated? Upgrade floors but keep the cabinets (which I don’t think would look good). Thanks

Just received Listing Agreement from a recommended agent and I’m surprised to see they want 4.5% earmarked for their fee and only 1.5% for the buyers agent.

Does this seem right? I’m worried buyer’s agents won’t want to show the house or worse, buyers will want to negotiate additional $ for their agents.

Is a 4.5% fee warranted anywhere?

A little background. The house belonged to a family member in Queens NYC, and will be listed at $450k. I live out of state but I’m the executor of the estate. The property needs a little work to before listing which this agent as says he’ll take care of since he has a local network of contractors at his disposal. Of course the repair costs would be recovered by the agent in addition to his commission at closing.

Thoughts?

I tried searching on the sub but kept getting results for when the sellers agent and the buyers agent in one transaction were the same. So here’s my question

We want to sell our current home and move to a different town 15 minutes away. Market is very hot where we live, so current house will basically sell itself (newly renovated, desirable area) for around $700k. Looking to buy in another town for about $1M. There is very limited inventory in the other town, so it might take some time for a house to come on the market. If we wanted to use the same agent to sell our house and help buy the new one, what’s a fair % in your experience? Hoping to get a discount on the selling % for our home.

May be useful later.

So here is my situation,

-I have lived in an older home for over 12 years and it seems like a great and comfortable home to me, but I am not picky about things that some other people are picky about, and I don't care at all about cosmetic upgrades/remodeling.

-My current home has a lot of original fixtures, and even the original furnaces, from when it was built around 1990.

-My current home needs repainting and, believe it or not, it came with wall to wall carpeting in two of the bathrooms, which is apparently unusual, but I live in the desert so the carpet is not moldy, but does have some stains.

-I am in the process of buying a newer home that is more expensive than my current home;

-If I do not sell my current home first, I will have to take out a much larger mortgage/loan than I otherwise would, which will of course cost more in fees and interest than taking out a smaller loan, and result in a higher monthly payment in the future

-Owning two homes would also result in me having to keep paying taxes/insurance, etc., on the older home as well as the newer home for as long as I own both

-I have had two different real estate agents look at my current home, and both indicated I would have to spend over $20,000 fixing up and upgrading my home to get to sell it for the price I originally thought I could sell my home for.

-I can probably sell the current home right now quickly to a cash investor, but for about 10-20% less than I could get if I invested about 20k and spent a few months getting moved out of my current home and doing some recommended fixes and upgrades.

-Let me know some of your thoughts and how I should figure out what route to take.

-On one hand the complicity of selling my old home quickly to a cash investor and saving money on borrowing costs by having a much larger down payment to make on the newer home is pretty appealing

-But then I feel like I'd be kind of cheating myself by letting an investor make a profit that I could instead probably make if I hold on selling my old home and either rent it out or fix it up before putting it on the market.

-To complicate things, my local real estate market seems to have cooled a bit recently after previously being a hot seller's market, and no-one can really know whether house prices will trend up or down over the coming months.

Hello,

We're selling our home and there is an upcoming open house. Unlike private showings, I don't trust the people who'll visit our home during the open house.

I placed ring indoor cameras inside the home (of course nothing in bathrooms) to make sure my home is safe. Do people have the right to privacy in my private property? This is in the state of CA.

I hear mixed things about it. From what I understand recording video is not an issue but there seems to be two different schools of thought about recording audio.

Please let me know what you think.

Thanks!

Sold our home to move out of state, netted 110k in the sale. Now under contract at 560k. Have 30k additional cash, so could do a full 20% down payment. Our hesitation is it basically depletes all our cash.... Can anyone offer and advice as to how to weigh the options here? My original thinking was with interest rates so high make as large a down payment as possible. We would like to do a few nice to have (but not necessary) renovations (replace carpet with hardwood in some rooms, for example). Best rate I've gotten so far is 6.5%, looks like that's as good as we can get for now. Hoping to refinance as rates (hopefully) go down.

I know so much will depend on our situation, but any general advice, experience, or recommendations would be greatly appreciated! I feel like there's just so many ways this could play out, for example just make the big down payment, then refinance in a year and maybe able to take a little cash out at that point... Thanks!

I tried to see a house on my own and called the seller's agent directly to schedule a showing. I must not have specified that I was going to be unrepresented because, when I went to see the house, an agent that works in the same company was waiting for me and would not show me the house unless I signed the buyer agreement. I said that I was going to be working with a real estate lawyer and she said the seller was not going to allow that.

Can a seller agent refuse to show me the house if I don't use an agent? What's the proper way to schedule showings in this case?

Hi everyone,

I’m a single mom with some experience in real estate investing, and I’m looking for advice from anyone who’s been in a similar situation. I’d love recommendations for real estate agencies that are particularly supportive or any general advice you can offer.

I’m currently juggling a second job, but with a toddler at home, I’m finding that this schedule isn’t ideal for me or my child. Any guidance, whether it’s about real estate or balancing work and parenting, would be greatly appreciated!

Thank you!

Hello all,

I am looking for some advice. I bought a home, sight unseen, due to moving from Japan. I relied on my agent, home inspector and the VA appraisal process to discover if anything was seriously wrong. The inspector did find a possible issue with the foundation.

“The basement floor has sunk and cracked in the rear right corner of the home. The exterior view of the foundation appeared to have been repaired at one time, as seen by the filling in of the previous step cracks.”

The inspector recommended getting it checked out, obviously I agreed and told my agent. They talked with the seller and the seller agreed. The seller had someone look at it and their evaluation was “While those items are in need of attention, it is purely cosmetic and has no impact on the structure.” They had them patch up the cracks.

The problem is, now that I am living here, every time it rains, water pisses into the basement through the foundation there. I had someone look at it and they said that the foundation wall was bowing into the basement and needs to be reinforced. I’m looking at 8 grand for this.

My question is, do I have a recourse for this or am I just stuck?

Hi everyone,

I’m a single mom with some experience in real estate investing, and I’m looking for advice from anyone who’s been in a similar situation. I’d love recommendations for real estate agencies that are particularly supportive or any general advice you can offer.

I’m currently juggling a second job, but with a toddler at home, I’m finding that this schedule isn’t ideal for me or my child. Any guidance, whether it’s about real estate or balancing work and parenting, would be greatly appreciated!

Thank you!

(Cross posted)

Hi - does anyone have any experience with Maronda and specifically using their wiring vendor, GreyFox? They do speakers, Ethernet, etc. curious the benefit going with them vs picking our own later

Where is a safe and growing place where I could buy land or a property in Mexico? I don't want to spend much, I want to keep it as low as possible meaning under $100k.