Newsflash: Offer Ghosted, Weeks later asking for Best and Final

We placed an offer on a house at the beginning of the month. Our deadline came and went without hearing anything back from the seller or agent after many attempts to contact (by our realtor). So we wrote it off and moved on. I just got word today that they have multiple offers and want best and final offers.We hadn’t heard anything about this house for weeks now, so it seems odd to me that they are now saying they have multiple offers and for us to put in our last and final. We still like the house but it feels a bit wonky. How would you feel in this situation?House has been on the market for over six months.

Read more at https://www.reddit.com/r/RealEstate/comments/ei9dcm/offer_ghosted_weeks_later_asking_for_best_and/?utm_source=ifttt

Newsflash: 1st time home buyer guide

Any good examples of a home buyer guide that can be presented when meeting with a potential client? I need additional ideas than what’s already provided at my office.

Read more at https://www.reddit.com/r/RealEstate/comments/eia949/1st_time_home_buyer_guide/?utm_source=ifttt

Newsflash: Where to buy quality fixtures at discounted prices?

I need light fixtures, blinds, bathroom fixtures, doorknobs, etc for a house I’m flipping.Of course we want to spend as little as possible, but it’s more about getting better quality for a low price. The house is in an area where things like a kitchen faucet with a fancy sprayer attachment and soap dispenser is a attractive to buyers because it’s typically not available in their price range. I really want to avoid just buying the lowest-tier products with that shiny nickel finish from Home Depot if I can help it.Are there online stores that sell discounted wares or do I have to go digging around in the local overstock stores? It may not be worth it if I can’t just sit down all at once and place a big order.

Read more at https://www.reddit.com/r/RealEstate/comments/ei9hzg/where_to_buy_quality_fixtures_at_discounted_prices/?utm_source=ifttt

Newsflash: Buying new home

So we have a house currently, and due to lack of bedroom space primarily we will need a new home, as we are expecting baby number 3 now.We are meeting with a realtor next week, but I’m just trying to go over our options right now. The other kids are 2 and 1,and wife and I are busy as shit. When I have a day off, I clean, but due to the nature of small children it doesn’t stay that way. Honestly, I just can’t imagine any situation in which I can keep this house permanently presentable.When we got this house we both worked. At the moment, I have a slightly better job, but wife is an intern in a masters program.What steps are likely here? I don’t know how this stuff works, but is it possible the bank will give me a second, temporary mortgage? We got savings enough for a second 20% down payment on a house. It would just be so much simpler to buy a house, move, and then sell this one. Will we even be able to get another mortgage given we only have one paycheck at the moment? Alternatively, we could move in with my mom for a month or 2,and try to sell and buy concurrently so we don’t have to move all our junk twice. But, I mean, if I could avoid living with my mother that’d be great. If I get everything spick and span for an open house or 2,is that enough?Just trying to get my mind straight on what to expect here.

Read more at https://www.reddit.com/r/RealEstate/comments/ei8toz/buying_new_home/?utm_source=ifttt

Newsflash: What can I do with the equity in my rental property?

I’ve got a 6yr old townhome in a very desirable suburb of Charlotte that I rent out (I bought it new for myself but rent it out as I’ve moved to California shortly after moving in, and still reside in CA). Extremely easy to rent out and I net about $150 on it after property management and HOA fees. I’ve currently got about $80-90k equity in it and I can’t help but feel that I should be doing something with that money (~$240k currently value, owe $140k @ 4.25%).As I’ve already got a local property manager that I trust and as a Charlotte native know the area extremely well I am curious if I am in a good position to continue to invest in the RE market in Charlotte.Some questions that I have :-Can I get HELOC on my townhome if I do not live there? What other options exist for me to access the equity? Any good resources to learn more about these, would love to see some real world examples-How do you decided to invest in value add properties to flip or building a portfolio of rental properties? I really enjoy exploring the RE market and like the thought of value add but fear that doing it remotely might be difficult.-Any suggested websites or books that are a must read for someone in my position?-Anything else I should consider or am missing here?

Read more at https://www.reddit.com/r/RealEstate/comments/ei6xwg/what_can_i_do_with_the_equity_in_my_rental/?utm_source=ifttt

Newsflash: What are building shares?

I was looking just now at a advert for a property in Chicago and in the description it states:”Buyer must purchase $X of building shares which is seperate from the unit purchase price. Building share investment returned when unit it sold”Can anyone explain what this means?Thank you

Read more at https://www.reddit.com/r/RealEstate/comments/ei7yxk/what_are_building_shares/?utm_source=ifttt

Newsflash: Where should I move to start a new life with $500k?

My goal is to save $500k before packing my bags, changing my name, getting a one-way plane ticket for myself and never turning back. I’m accomplishing this by living as frugally as possible, while simultaneously receiving a full modest salary and working an extra job on top of that. Every dollar I can live without goes into my savings so that I can plant the seed for a new, financially healthy and happy life for myself. My entire life has been a trainwreck and I want to move somewhere away from bad memories, negative impressions and the transgressions of my life as a whole. New name, new identity, new friends, new life. If some of you would be willing to read my preferences and make a recommendation, it would be greatly appreciated.-It has to be in the United States but cant be in Florida or Georgia-The area generally has to be beautiful as a whole. Some cities look amazing in pictures but it turns out to be very specify locations within the area. The downtown strip may look breathtaking in pictures, but if you turn a certain corner its night and day.-My dollar has to last. I want to be able to place a down payment on a stunning home. I dont want to live in a place where retail is so inflated that a couple hundred grand will net me a comfy box on the side of the road to live in… cough LA.-It cant be in “country locations”. Alabama, Mississippi, etc.” I love modern lifestyle. I would like to get a stunning, modern styled home near an amazing city. So far, I’m considering Las Vegas but I want to take other options into consideration.

Read more at https://www.reddit.com/r/RealEstate/comments/ei73fe/where_should_i_move_to_start_a_new_life_with_500k/?utm_source=ifttt