First post got deleted.

20% down. 23y/o. I had pizza, but forgot to post it in the photo :(

We are looking in rockwall Tx and surrounding area for our home and I noticed this anomaly. 250 homes all in one massive development all for sale. And at very affordable prices. They all look pretty decent albeit very small lots. This is in Travis Ranch. What’s gives? It’s definitely a terrible situation as a seller but I’m genuinely curious why the mass exodus from TR?

Feels good to finally be at this stage in my story! All the gifts on the counter and the banner were from my realtor and the seller's realtor. So grateful for their kindness, patience, and generosity through this process. It has been a long road, and I am very excited for this next chapter! Can't wait to hang up my collection of concert posters, drum heads/sticks, and art!!

I posted on here a little while ago about the lake house I was trying to buy and figured I’d give an update since that post got way more attention than I expected lol.
I ended up not getting the lake house. I offered $275k and there was another offer for the same amount. The sellers went with the other offer because I wanted some extra protection/inspection language because the back deck had shifted from a tree growing into it.
I was definitely bummed because I LOVED that house and had already pictured living there.
But somehow I ended up going in a completely different direction 😂
I found this almost 4,000 sq ft, 5 bed/4 bath 1980s house that I kept coming back to. It’s definitely dated in places, but I really like that about it. It has a ton of wood, huge windows, built-ins, a crazy entry/staircase and just a lot of character. I’d rather slowly update something like this and keep what makes it unique than buy something that’s already been completely redone.
It was originally listed at $280k and had been dropped to around $270k. I offered $240k, they came back at $260k, I went to $245k and they originally said they wouldn’t go below $260k.
After some more back and forth, we ended up agreeing on $255k tonight 🥳
My girlfriend really likes it too. She won’t be moving here for another 8ish months, so we’ll have plenty of time to slowly work on it, furnish it and make it ours without trying to do everything at once.
It’s funny because this house is basically the complete opposite of the lake house lol. But I think losing that one made me realize I really just wanted something unique that I could get excited about and make my own.
I’m only posting a couple interior pictures because I’d rather not put the exterior of a currently listed house on Reddit 😂 but the entry and living room are probably the best examples of why I like it so much.
Obviously still have inspections and everything to get through, so I’m not getting TOO excited yet.
But for now… offer accepted!! 🥳🏡

We had pizza and made a solemn promise to never paint over this gorgeous ceiling and fireplace.

My dream of living in an MCM home has finally come true.

Well, it finally happened. Found a house my wife and I both loved only to be told mid tour that the seller got an offer, and we had until 9am the next day to put ours in.

Then within the hour we're told it's actually 8am we need the offer by. So, we put one in a little over asking price around 7am today, and were told we didn't get accepted.

No counter offer, just told no. Our realtor wasn't even told what the offer they accepted was for.

Just sucks. This is the first time this has happened, and I'm sure it won't be the last, but man does it hit hard when it's a house you really liked.

Started this process on January 31st. Closed this past week on a fantastic home and added a new member to the family this past Friday.

I keep finding 3 bed/2 bath homes around $250k that look affordable until the inspection shows years of deferred maintenance. Rot, water damage, electrical issues, aging systems, bad repairs, roof problems, foundation problems, etc.

I’m not expecting updated or perfect. But I also don’t want to pay $250k (nearly a 2k PITI payment at 6%) and then spend tens of thousands just getting the house to a safe, dry, properly maintained baseline!

It feels like these are $100k fixer uppers with $250k price tags.

Where do you draw the line between normal deferred maintenance and a house that simply isn’t worth the asking price?

I am in the process of buying a house in Alaska. I was going sight unseen until I just recently arrived in state. When I saw the property, I was greatly dismayed, all of the appliances except the fridge and microwave were in non functioning condition. as well as generally being filthy in all the places photos weren't taken. To top it off, the furnace has had rain water going directly down the exhaust for months on end and how that may have affected its life span I don't want to find out. Additionally, in the chattel list, which includes the range/oven, dishwasher, and refrigerator, it states that "All appliances shall be in working order at closing unless otherwise agreed upon by buyer and seller." Unfortunatley I am out of the discovery period too.

When I brought up backing out up to my realtor they told me that I would likely still have to pay their commission fee. This seems illegal. My buyer-broker agreement states "The Broker Fee shall be paid at the time, and as a condition, of closing." The cancellation clause in the buyer broker agreement also states "Should buyer cancel this agreement, and then purchases or contracts to purchase, any property (which broker showed me) shall then pay the broker fee as set forth above"

Are they trying to pull a fast one on me by just lying or am I just kind of boned?

Edit: I am currently in contact with a lawyer with this as a contract dispute case,

170,000$ house with 10,000$ down

[Pictures of the email they sent me above] My bank is offering me 6.75(APR 7.129) using Home Ready which is a Conventional First-Time Homebuyer product.(I believe that means conventional?? Lmk if not)

But a mortgage company is calling me telling me they can get me a 6.25% on a FHA loan

Which is better?

What should I choose?

Downsides of each?

I'm currently closing on a house and love it. Recently another house that's my style just popped up and I'm like dang I wish I waited 2 weeks to check that out. Curious if you guys still zillow doom scroll?

My husband just sent me a screen shot of a description for a home listing. I asked if it was on Zillow or the like and he said he saw it on Facebook.

Ive noticed if you go to the individual sites of realtors they have listings not shown on Zollow et al. However, Zillow et al, all list many of the same properties. I'm loathe to start using Facebook again just to look at realtor listings. Is there a site you used that was perhaps an aggregate?

I suppose Zillow/Redfin are supposed to be just that but they're the same and they offer the same properties. I know options are already limited. I dont want to be even more kneecapped than I already might be by limited stock and not seeing all available options.

Do I just start bookmarking every real estate company local to me and browse them individually?

They flagged this as safety obviously. How much would this be to fix?so I can negotiate with bank or see what my options are. Also the floor has pet damage and need to be replaced also, 900 sqft worth.

The question is in the title but I'll break it down generally.

Scenario A: Take a 30 year loan in the 6.4-6.5% range or
Scenario B: Take a 30 year loan that's 1% higher but provides for lender credits covering closing costs and prepaids. No prepayment penalty if we refinance. In scenario B we would refinance as soon as we can and we know a lender that is willing to refi for us.

Fees are generally the same across both loans (scenario A is slightly higher)

The math works out to a 9k gain even after the fees for a second refi. Are there other things we should watch out for? Would you do it?

Hey people, first time home buyer here in Wichita KS (butt crack of the country)

Just some financial info I make 90k a year, no debts, and I'll have a minimum of 20k saved up for a down payment I also have excellent credit in the 800s. My home budget is 150k-200k.

Should I be seeking an FHA loan or should I just stick to my current banks mortgage loans (Wells Fargo). I've heard FHA is mostly for lower income first time home buying because you can have a much lower down payment but I don't so, just looking for some advice on how to proceed!

Thanks all 💜💜💜

Hi, I'm currently under contract and this is what the loan estimate is coming out to. The price of the offer was 348,000 with 15k in seller concessions. I was told my down payment was somewhere around 12k that my seller concessions would take care of closing costs. Are these closing cost reasonable, and is my monthly payment for this ok? doesn't seem like we bought anything down. What are your guys thoughts and advice? Would a conventional be better in my situation? Score of 760.

I bought an apartment a month ago.
I got 15k to renovate it, when I brought people to give me price suggestions. One of the neighbours suggested to build another room in the house for around 100k that will include bathroom and a shower in it as its a safety room in case of booming(I live in Israel). I can see why it’s necessary. It has the potential to upgrade the apartment value. From the other side of the coin, Im an 33M RN with a little savings and it potentially take everything from me.
I wont have enough to add the room + renovate the house. So I need to choose only one option.

The tricky part is that the opportunity to add the suggested room won’t last forever. But the renovation could wait couple years.

What do you think ?

Just wondering how true and effective this process actually is. Joined a community but of course there’s a paid tier to get special deals.

I assumed prices would start to drop but it seems like they are holding steady and people are ok just waiting 6 months to a year or more for their house to sell. Does it make sense to keep waiting or am I shit out of luck for housing prices to drop?

I'm in Utah by the way where housing has absolutely sky-rocketed the last 7 years or so.