Newsflash: First time home buyers looking for advice on initial offer.

Hey r/realestate, my fiancee and I are looking to buy a home and are looking to some advice for our purchase. We have a home in mind that is currently listed at $135,000 USD. We are going to putting a down payment of $10-15k. Property taxes in my city are quite high at 4%.The house is 2 story, 2400sqft, 3 car garage, 4 bed, 2.5 bath. It needs a good amount of work. The kitchen needs to be redone, it doesn’t have an air conditioner, and the flooring is mostly shot. The house is 25 years old and it has been on the market for around 4 months. My question is, would a low ball offer of around $105,000 be take seriously? The comparable houses around have sold anywhere from $90k to $155k, but all were move in ready, no updates needed. All said and done, the house will need around $30,000 of updates. Our agent suggested an initial offer of $127k based on the comps in the area.We also have some knowledge of the seller. The house was actually in foreclosure. The couple living there got a divorce, and the husband ended up with the house. He was able to bring it out of foreclosure prior to the judge issuing a sale order. The house is vacant, so he is either living with friends/family, or paying rent and a mortgage.We are trying to keep our monthly payments between principle, interest, insurance, taxes and reno costs to be below $1100/month (if we go with a rehab mortgage loan). That would keep us at around using 20% gross income which is what we are comfortable with.Any advice?

Read more at https://www.reddit.com/r/RealEstate/comments/5wpz06/first_time_home_buyers_looking_for_advice_on/?utm_source=ifttt

Newsflash: Neighbor’s fence is using side of my house as 4th wall

We are closing on a house but have noticed that the neighbor’s fence is touching our house and using the side of our house as the 4th wall instead of the fence completely enclosing their yard.We haven’t had the land surveyed but looking at the property lines it looks like we should have at least SOME land on that side of the house, even if only a few feet. I’m not really sure what to do… it’s not a deal breaker but I’m mostly concerned about adverse possession laws (ohio) as well as the fact that they’re using the side of my house as part of the fence!What would you do in this situation?

Read more at https://www.reddit.com/r/RealEstate/comments/5wpunr/neighbors_fence_is_using_side_of_my_house_as_4th/?utm_source=ifttt

New Story Just Out: Trump Orders Review Of Obama-Era Clean Water Rule

Yet another interesting headline in the world of health and well-being. Trump Orders Review Of Obama-Era Clean Water Rule
President Trump takes action to roll back another environmental regulation. The Clean Water Rule extends federal authority over smaller streams and marshes, but farmers, builders and others say it goes too far.

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New Story Just Out: SpaceX Moves To Launch First-Ever Private Mission To The Moon

Yet another interesting headline in the world of health and well-being. SpaceX Moves To Launch First-Ever Private Mission To The Moon
SpaceX claims it will launch the first ever private moon mission in 2018, which would send people to the moon for the first time in 45 years. The announcement may signify the start of a new race to the moon, this time between NASA and the private space industry.

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New Story Just Out: Chicago Leaders Use Cognitive Behavorial Therapy To Combat Violent Crime

Yet another interesting headline in the world of health and well-being. Chicago Leaders Use Cognitive Behavorial Therapy To Combat Violent Crime
Chicago is in dire need of solutions for its violent crime. A cognitive behavioral therapy program has been able to help keep teenage boys from acting out on their impulses.

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New Story Just Out: Trump Aims To ‘Eliminate’ Clean Water Rule

Yet another interesting headline in the world of health and well-being. Trump Aims To ‘Eliminate’ Clean Water Rule
The Obama-era “Waters of the United States” rule defines which small bodies of water are subject to U.S. authority. Opponents such as farmers, homebuilders and golf course owners say it goes too far.

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New Story Just Out: In U.K., A Veggie Shortage Inspires Funny Headlines And Serious Thoughts

Yet another interesting headline in the world of health and well-being. In U.K., A Veggie Shortage Inspires Funny Headlines And Serious Thoughts
Bad weather in southern Europe caused a brief shortage of veggies in the U.K. Prices went up and people panicked. Now they are thinking harder about where their food comes from.

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