r/RealEstate

Hello, the house I want to buy with my partner is currently occupied with two elderly adults. The listing price is $450k. We are in Northern California for reference. My partner and I offered $450k, asked seller to pay closing fees, and signed tenant occupied property addendum to have seller deliver the property vacant. We are putting $115k down. And only getting loan for $335k.
The house is like at our max budget.

The seller counter offered:
-seller to 2% of purchase price to buyers brokers compensation (our real estate agent is asking for 2.5%)
-buyer pays all escrow and title fees
-seller to pay county transfer tax
-buyer to remove insurance contingency within 14 days of offer. (We are in a high fire area but already received a quote for home insurance coverage).

Any help is appreciated. I want them to contribute to closing costs! This is an awesome house. Another thing is, seller has provided pest and fungus report and a home inspection. Which recommended that a contractor or plumber look at some water damage for further inspection. Our other contingencies included this part too.

Help!!!

I'm so beyond tired of looking at homes online, then seeing them in person, and they look NOTHING like what the online photos are.

These are wasting everyone's time. Agents, if you can't learn to to, or don't want to fork over for professional photos, find another line of work.

Trying to sell an inherited property, and the highly recommended agent insists on using these cartooninshly fake generated images.

We are in the process of looking at homes and an option e we think is better since we can’t find a home we like is buy a lot and build a new home. In terms of buying a lot we have money to purchase the lot immediately whether in cash/check whatever. The problem lies in getting a loan for the construction itself. We were already approved for a mortgage on an already built home through a bank statement loan. As I understand it is more difficult to get a loan for a construction project vs an already built one. Options I’ve seen are Non-QM loans that would use business bank statements to qualify for the loan but they are rare. Are there any other options for someone like me that would use bank statements that I could look into that would make the process of getting a loan for a construction project easier? I’m located in Georgia if that helps at all. Thanks in advance.