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    Home Unlabelled Real Estate: How to make your offer more appealing: Winning in Multiple Offer Situations

    Real Estate: How to make your offer more appealing: Winning in Multiple Offer Situations

    August 11, 2020

    Real Estate: How to make your offer more appealing: Winning in Multiple Offer Situations

    How to make your offer more appealing: Winning in Multiple Offer Situations

    Posted: 10 Aug 2020 06:20 PM PDT

    In many markets, mine included, there is a shortage of inventory and homes are flying off the market in a matter of hours, with multiple offers. Homes that previously would have sat on the market for a few weeks, or sold for less than they are today.

    What that means is, it's a great time to sell if you don't also have to buy; or are moving up significantly in price brackets.

    But, if you're a buyer - it's tough out there. People are getting in bidding wars and losing over and over and over, even when going above asking.

    (I'm not talking about investment properties/cash purchases here. I'm talking about owner-occupied residences. Obviously cash is king.)

    So - how can you put yourself in the BEST position to get the house you really want?

    ​

    1. Ask your agent how they present their clients' offers to the listing agents. If they look at you like you have three heads and then say "I email it" - find an agent that knows about the value of communication with other agents. They should be calling the listing agent to present and talk through your offer before sending it. Communication with other agents CAN AND WILL MAKE OR BREAK YOUR CHANCES of getting your offer accepted. There's things that come through a 5-minute phone conversation that just don't translate through a 7-page offer contract. Calling the listing agent to let them know they're sending your offer, asking if there's anything you can put in the offer (more on that later) that will make things easier on the sellers, what kind of closing timeframe the seller needs, stressing that you're approved for more than your offer amount and are a solid buyer and ready to move quickly/maybe have already been through underwriting on another deal that fell through, etc. I had to learn the hard way to ALWAYS let the listing agent know that I was sending an offer - it is not uncommon to have a listing still show as available, but really the sellers accepted the offer the night before and the agent just hasn't changed the status on the MLS. Not to mention - there's a lot of bad agents out there. If your agent is someone who other agents WANT to work with - they know your agent is on top of their shit, will be responsive, respects their time and wants to work together to get the best result possible for both sides - that means something and will sometimes get your offer selected over others.
      1. I'm happy to answer more questions about this one, because this one is huge - I severely underestimated it at the beginning of my career and have seen a huge difference in how my offers have been received since I started really pushing myself to improve on this one.
    2. If at all possible - make your offer not contingent on selling. I know that not everyone can do this - I mean, how many people can afford to pay for two houses at once? BUT - if there is any way possible to buy your new home without having to sell your current one, DO IT. Even if it means putting less down and paying PMI until you sell your current home, or looking into a bridge loan. In my market at least, with a stack of offers on a listing, a selling contingency will immediately get your offer thrown in the trash.
      1. If this is just not possible - Put your house on the market and have it under contract before you offer on a new house. I get that this is not possible for everyone, because what if you can't find a house? You have to have somewhere to live. Refer back to #1 - have your agent negotiate a longer timeframe to close on the sale of your current home, and select an offer that will let you have time to pick a house. Or, Airbnb, stay with relatives, etc. The reason is, if you have to have a selling contingency, but your home is already listed and under contract (and ideally through inspections) - your selling contingency matters much less than if your home isn't even on the market yet.
    3. FHA vs Conventional - If you can get approved for a conventional loan, offers that have conventional financing are greatly preferred by sellers. A couple reasons why - FHA has an additional inspection that usually means an additional "punch list" of items for the sellers to repair. This can be something as minor as chipping paint on a door or a basement staircase without a handrailing. Things that you're ok fixing/updating after you buy the house, because maybe the seller gave you a credit. But FHA doesn't care - they will not fund the loan until they have proof the seller has fixed these things. Additionally, sometimes they will require a second appraisal that they will NOT let the buyers pay for - so that's an additional $500 out of the seller's pocket. If you're wanting (or your budget dictates) a fixer-upper, or something you can put sweat equity into: many of these will not be approved for FHA financing just due to the nature of that kind of property. As a buyer, yes your interest rate will be lower - but that's offset by higher origination and closing costs, and PMI for the life of the loan; rather than it dropping off when you get to 22% LTV.
    4. If you need closing cost assistance - raise your offer by the corresponding amount so the seller nets the same. For example, if a house is listed at $195k, you want to offer 200k but need the seller to pay $3k of your closing costs (due to how much you have saved up to bring to the table) - write your offer for $203k. The seller nets the $200k even though they're giving you concessions, and the difference in your monthly payment is only a few bucks - because you're amortizing that over 30 years.
    5. Waive your appraisal contingency. If you are lucky enough to have over 20% down payment - consider waiving your appraisal contingency. This means that you cannot back out of the contract and retain your earnest money in the case that the property does not appraise for the purchase price. From the seller's POV, this is just one less hoop to jump through to get the contract to close.
    6. Make your earnest money non-refundable. If you're really serious about buying the property, have the ability to evaluate the structure/major systems of the property and are fairly confident that there's no major issues, and are sick of looking - maybe a couple thousand bucks is worth it to you to lock it down and end the search. If losing $2k of your potential down payment sounds catastrophic to you, this is not the option for you.
    7. Grant a few days to a week post-closing occupancy to the sellers. They have to move somewhere - if they can close on the sale of their current home, get the money, then close on their new home in a few days and not have to show up at closing with all of their stuff on a moving truck - knowing they don't have to do that is worth something. In my market at least, there's a standard addendum for this - they have to maintain insurance, pay for utilities, maintain property in current or better condition, etc. This is a HUGE bonus you can write into offers that is zero more money, but makes a huge difference to the sellers in how your offer looks.
    8. Tell the sellers they don't have to clean the house out. This is especially applicable in distressed or estate sales. If it's an older couple downsizing, if it's an estate sale situation (parent has passed away or moved into assisted living and adult kids are helping sell the home), maybe they're moving into an RV to work remotely and travel. If you tell them you can take what they want and leave the rest - this can be HUGE to some sellers, because it would take them time, money and emotional energy to get the house completely empty. Yeah, you will have to spend a week selling stuff on Facebook Marketplace, making trips to Goodwill, and maybe rent a dumpster - but you could also inherit some awesome stuff.
    9. Appliances, washer and dryer especially. Always have your agent ask about these. Maybe their new place comes with a set, maybe they just bought their set and it's way better than the ones where they're moving so they want to take theirs. Either way, have your agent ask the listing agent if it matters to the seller one way or another, and then write the offer accordingly. (This may vary by market).

    ​

    These are just a few of the most common ones I see and use on a regular basis in my market. Hopefully this helps some people house hunting make their offers as strong as possible, because many people fail to realize it is NOT just about the number. Happy to answer any questions. Am licensed Realtor in KY.

    What else ya got?

    submitted by /u/ky_ginger
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    Will making a 3 bed 3 bath home into a 3 bed 2 bath be detrimental for resale?

    Posted: 11 Aug 2020 09:16 AM PDT

    We bought a 19th century brick federal home in 2019. It was originally no bathroom obviously due to age, but then made into a 4 bed, 1 bath.

    A renovation in the 90's left it in it's current state as a 3 bed 3 bath. There is one full bathroom with tub downstairs along with a large kitchen and living room. Upstairs there is a full bath with shower stall to serve 2 bedrooms and then the 'master' bedroom has the world's smallest full bath attached. One of us could sit on the toilet while the other sat on our lap and brushed their teeth over the sink.

    They converted one of the 4 small bedrooms into two bathrooms and space in both is lacking. We are wondering if it is a terrible idea for resale to create a master suite with larger bathroom, double vanity, etc and do away with the upstairs hall bathroom all together. We may even be able to create a walk in closet for the master during renovation (no walk in closets house wide).

    When we bought the place and mentioned the idea, our real estate agent balked and said we should never do that. The two bedrooms upstairs would have to go downstairs to access a bathroom in our renovation scenario.

    Now we are getting to a spot in our budget where it might be feasible and we are hesitant to pull the trigger. Any thoughts would be appreciated!

    submitted by /u/vananas23
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    Any reason NOT to take out a USDA loan?

    Posted: 11 Aug 2020 07:19 AM PDT

    First time home buyer here, broker is telling my to take out a USDA loan with 0% down and estimated 2.5% interest, AND seller is going to cover closing according to realtor. The house is solid but the loan seems too good to be true. Am I missing something or is it just a great program?

    submitted by /u/ejbrut
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    Negotiations stalled over a leaking pool...

    Posted: 11 Aug 2020 08:51 AM PDT

    Hey smart folks!

    Husband and I are house hunting for a place with an in-law suite for his father (or at least a nice finished basement for him). We've offered on two homes but got passed over. We recently saw a house that had been sitting for 30 days (41 as of today) that checked all our boxes (a raised ranch with a kitchen on each floor, perfect!). It had just had a 20k price drop which brought it narrowly into our budget at 299k.

    It even had a nice big above ground pool... which we learned at the showing was leaking badly and we would need to pay to either repair or remove it entirely.

    We decided we'd rather ask the sellers to take the pool down entirely. We could take it or leave it. They indicated that was something they were willing to do so we made an offer for what our agent thought the house was worth, keeping appraisal in mind - 290k. They countered with 295k. Our agent advised us not to go over 293k, but the sellers don't want to also take the pool down at that price.

    Husband and I are willing to just pay 295k, but our agent is concerned it won't appraise. Will 2k really make that big of a difference?

    My other question is, if they advertise a pool in the listing, do the sellers have a responsibility to make sure it's in usable condition?

    submitted by /u/baldhound
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    Concerned about land vs home value - 25 year old manufactured home on 15 acres that we currently rent and are trying to purchase from our landlord

    Posted: 11 Aug 2020 08:40 AM PDT

    Hello - we're trying to purchase the house we are currently renting from our landlord. It's a 3bed/2bath manufactured home on a foundation built in 1995 on 15 acres of land. We've lived here for 5 years and we pay $1150/month in rent. In 2005 my landlord purchased the home for $185,000, they lived here for several years, then they built their dream house nearby and kept the old one for rental income. It's their only rental property. My landlord is a real estate agent.

    We have a great relationship and we've had a sit down meeting about us buying the home. They were not looking to sell the house, we approached them about it and they were agreeable because they like us and like having us as neighbors and want to help us become home owners. They are very kind. However I realize we don't have much room to negotiate because again they were not looking to sell, and can easily make rental income on the home even if we decide to move out tomorrow.

    Anyway, during the meeting they threw out a figure of $250,000 with selling us 12 out of the 15 acres, which is around what we expected. Similar homes and acreage nearby has been selling for similar. However, they mentioned that the actual structure on the property is only valued at around $60,000 and that number was probably about 70% of what it would be "really worth" (?) So we're looking at the home worth about $86,000 and the land worth $164,000 for a combined total of $250,000. We dont think we are going to be approved for that much with a combined income of around $75,000 and credit scores around 720-740 and DTI ratio around 11% not including adding in the potential mortgage. They said they would consider parceling off around 5 acres instead, though didn't mention at what price and my guess is it would be at a higher rate per acre since they would be selling less than they wanted to. Obviously they aren't going to sell for less than they owe on this mortgage and I certainly don't know what that is.

    I'm worried about the fact that the home is worth so much less than the land. We were hoping to use the USDA loan since the address falls within their guidelines and we meet the income requirements BUT I'm now realizing that even though the manufactured home is taxed as real estate and is on a foundation, it will not qualify because of its age. I'm wondering now if ANY type of mortgage will work with this? I'm kind of feeling like my dreams are not going to work out because I didn't really realize the gap between the home vs land value until we sat down and talked to them. And I didnt realize the stipulations on the fact that it is a manufactured home. Is there any way to make this dream a reality? Any way that doesn't involve paying cash, which we can't do?

    submitted by /u/Eegrn
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    Is builder required to fix inspection items prior to closing?

    Posted: 11 Aug 2020 08:33 AM PDT

    On a new build home, are builders usually good about repairing items on the third party inspection report prior to closing?

    submitted by /u/MakeABrick
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    Help with demo quotes for interior house

    Posted: 11 Aug 2020 07:22 AM PDT

    I have a 2,000 sqft addition on my main house that I want to get renovated. It's all one story but 80% of it is on a slab and 20% of it is raised on a crawl space. Basically I want to remove all the non load bearing walls, the office style drop ceiling, and build the entire floor up to the other floor so I have a crawspace floor and 10' ceilings through the entire place. It should look like a big clean warehouse.

    I've had about 6 people give me demo quotes and they have been all over the place. The highest rated demolition guy in my area gave me a quote of $6500 and said he has his own dump truck. He also showed up to my house 10 mins after I called so he seems pretty on top of it.

    The second guy said he has 5 vans that he could round robin so the trash could keep being hauled away without needing dumpsters or big dump trucks. His quote was $19,000. Using empire out vans/trucks seems a bit too small for this job but I'm giving people the benefit of the doubt if their LLC is built around demo work.

    Two other guys said I need to park a 30 yard dumpster outside my house and it would probably take 3 of those which have to be weighed at the dump but all in all their quotes were $12,000 and $15,000. This approach seems reasonable but maybe the $6500 guy has a work around for the dump or has a truck that is 15 yards or something equivalent?

    I also had two demo quotes from two builders I'm considering for the final framing and Sheetrock. First one said it was going to take about fifteen 30 yard dumpsters (yes 15!) and he said the demo would cost between $28-32k! That's twice the rate of the middle guys and 5x more than the cheapest guy.

    Second contractor who I've personally used before said about $17,000 and thought three 30 yard dumpsters would be reasonable.

    Here is my question, if all of these guys are insured and highly rated, and it's just demo work, is there any reason NOT to go with the cheapest guy and save that money for nicer building material with the final contractor renovating my space? Keep in mind, the cheapest guy came out, measured everything, 100% knows the scope of the job AND is the highest rated guy on google and home advisor. My architect who is helping me with my plans says everything is super structurally sound and doesn't believe anything I'm doing is affecting the integrity of the roof and exterior itself. At $6500, he could literally be off quote by nearly 3x before he hits the quotes of the other guys.

    The is my first time tackling something like this and I just don't want to get ripped off or overlook something super important. My best friend's wife is a big architectural designer out of NYC and she says the running joke in her field is "the demolition guys are the only ones making any real money." With the quote range I'm receiving, I can see why she says that ha.

    submitted by /u/phaskellhall
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    Pipeline management software recommendations?

    Posted: 11 Aug 2020 08:26 AM PDT

    Looking for recommendations for software for pipeline management. Would be used for coordinating a team of 10-15 agents by the team manager for transaction management, critical date/activity tracking. Thanks so much for your feedback!

    submitted by /u/SchuSchu8
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    Appraisal Question

    Posted: 11 Aug 2020 07:56 AM PDT

    What is the difference between the sales comparison approach and the cost approach in appraisals?

    Also the sales comparison came in exactly at the sales price, is that normal?

    submitted by /u/SWS55
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    My wife and I have 75K equity tied up in a rental property with very low cash flow. Should we hold or sell?

    Posted: 11 Aug 2020 05:20 AM PDT

    Markets in Phoenix, AZ have been sky-rocketing lately and our property has gone up in value by 10% in the last six months. We are strongly considering selling and either waiting for a wedge-deal to show up or at the very least reinvesting in a multi-family unit that will actually give us a more positive cash-flow. Current lease is month to month and tenants have been given the heads up several months back that we may be looking to sell in the near future.

    What are you all's thoughts on this? Should we hold and continue riding the appreciation wave or sell, lock in our gains, and reinvest for cash-flow?

    submitted by /u/FinancialStrategist
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    Using RSUs (tech stock as compensation) for mortgage pre-approval

    Posted: 11 Aug 2020 09:54 AM PDT

    I'm trying to get pre-approved by next Monday so I can place an offer on a specific house. My base salary alone is slightly too low to qualify me based some banks' 43% of pretax income rule, but I receive nearly the same amount as RSUs that vest monthly — I work at a FAANG in California. The PITI is ~$6k for a 30 yr fixed, and my monthly pretax income is ~$22k. Chase is giving me a hard time with pre-approval and is dragging its feet. Wells Fargo seemed slightly more receptive but hasn't actually delivered a pre-approval yet. They have the best rates I've seen so far. Does anyone know where else I can get a loan that accounts for RSU compensation? The places that I've read about on Blind (like Better Mortgage and SoFi) all have crappy rates.

    submitted by /u/a3pulley
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    Buyers agent

    Posted: 11 Aug 2020 09:49 AM PDT

    I'm selling my house, but I don't want to find agent. I post on Zillow and what not. No rush. Save on fee.

    Question though. If a buyer found my house with an agent through these sites. Do I need to pay the buyer agent a fee? Or do they basically make nothing? Or the buyer pays their agent?

    Edit. Staten Island New York

    submitted by /u/ezreal3k
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    (Hawaii) Anyone with Experience in Hidden costs and fees RE: Rental Property in Hawaii?

    Posted: 11 Aug 2020 09:46 AM PDT

    My Mom is not great with her money and I am not very experienced with anything related to real property, so here I am.

    She recently sold an investment property in the 48 and is thinking of doing a like-kind exchange for an investment property in Hawaii. A psychic told her to do this...

    Anyway, the property in question is one of those condos that the owners rent out through a local property management company. The company handles everything and just gives a specific percentage of the income to the owner.

    My question is for those with some experience in these models. Are there any hidden fees, costs, etc. that we should expect to come into play beyond the profit-sharing? I'd like to be able to budget out what a given year should look like for her before she puts pen to paper and thought that some folks on this sub might have dabbled in similar properties in the past.

    Even folks who have dealt with this sort of model in other states might have some good insight. I am a babe in the wilderness here and just thought I would come here for a jumping off point.

    Thank you all so much in advance.

    submitted by /u/RagnarLothbrook
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    (FL) what happens to your deposit if a new home developer goes bankrupt?

    Posted: 10 Aug 2020 04:49 PM PDT

    I'm a brand new agent and have a client that is buying a new construction home. The client already put down a deposit for the home/lot. The house is scheduled to be built in the first half of next year. Let's say for some unforeseen reason the developer goes bankrupt, what happens to that deposit?

    submitted by /u/Quentin718
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    Development help - want to combine 2+ Small lots with small houses into a building

    Posted: 11 Aug 2020 05:44 AM PDT

    I own my lot (Lot 1) and am a 1/3 partner in Lot 2, right next door which we bought directly from the old owner just before Covid hit. These are tiny 100+ year old homes (1,400 square feet) on a busy 5-lane boulevard with 30,000 cars daily. Our homes/buildings were residential up until about the 1970s or 1980s but now most of the area is strip centers, box stores, and 3-story commercial/professional offices. (As an example, next to our lots is a fast food joint, the next block is a 3-story office building with a store on the ground floor, and across the street is a big box store.)

    We would like to demolish the two lots and build a small building, basically using the same footprint as the current buildings but combining them and re-paving our existing parking pads into one big parking lot for the building. I would probably rent a small office suite for the couple years this would take to accomplish and right now Lot 2 is vacant.

    We know we will have to get plans, permits, maybe re-zoning (although the current zoning seems to be OK for a small commercial building). We are looking for some tips or jumping off points. Thanks!

    submitted by /u/FactsEyeJustMadeUp
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    Village tax..

    Posted: 11 Aug 2020 09:25 AM PDT

    What is village property tax? Is that different than city property tax?

    submitted by /u/azl899
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    Overwhelmed 1st time home buyer in Hudson Valley, NY - any advice is greatly appreciated

    Posted: 11 Aug 2020 09:01 AM PDT

    Hi! My husband & I are in the process of buying our first home in New York (Hudson valley). Reading the posts & comments in this group have helped me through some of the ups and downs of a very nerve wracking experience, so thank you. I wanted to explain our situation in case anyone can give some insight as to whether or not we are going about this the right way.

    Pre-covid, we were planning on moving to the Midwest (renting at first to see if we liked the lifestyle before investing in a house). We decided moving across state lines to a state we have never lived in before during a pandemic would be foolish, so around April we decided to buy a home in the Hudson Valley, where we are both from. Our lease was up in May and we had about $70K saved for a down payment and decided jump into the home buying process.

    Our plan was to Airbnb in different areas for a month at a time, to experience different parts of the Hudson Valley and get acquainted with the place we'd want to buy in. Last month we decided to buy in a city along the Hudson River. For a while, this city was somewhat run down, lots of crime. Over the last 10 years (like many Hudson Valley towns and cities) it has become hip, a huge tourist destination, with lots of folks moving from NYC to get the best of both worlds. Obviously this increases the market value, and as we've discovered, basically anywhere in the country is a seller's market right now.

    We found a really cute home in a great neighborhood and put in an offer at listing price - 250K. Our agent came back to us and told us there were multiple offers, we increased by 15K and won the bid. This was really exciting for us, as it's our first time doing this, first house we've liked, and the price was within our budget even over asking.

    Our inspection was satisfactory, but based on the detailed list of things that need to be "repaired / replaced" we would potentially need to sink 60K into renovations. I asked my uncle, a contractor, to review the report and in his opinion, it's just the inspector trying to protect himself from liability - we could ostensibly move in to the house and not put a cent into repairs and it would be fine. But we would probably want to spend at least $20K to renovate certain things to increase the value when we plan on selling eventually, and also because my husband and I want our first home to be as close to perfect as possible.

    Our agent told us the seller is willing to budge a bit on the price, but no more than $5K. He says since the seller has multiple offers, we shouldn't push them too far by asking for more money off, or asking for them to fix too many things before closing. I'm starting to get second thoughts about going through with the sale. The sellers don't seem to have maintained their home at all in over 10 years of owning it, it has a pool which I know is a costly investment, and there's just a lot of little things that indicate they did not put effort into home ownership. An addition that isn't up to code, a broken diving board, a closet that reeks of cat sh*t....but on the other hand I know it's such a competitive market, these things are all fixable, and we are excited to do the fun cosmetic renovations.

    Sorry for the super long post, I mainly wanted to vent and see if anyone here has experience buying/selling in the Hudson Valley and can give me their opinion on whether or not this investment makes sense. IMO, buying in the Hudson valley seems like a great investment regardless of how the market will change after covid...we would love to live in this house for a few years, renovate a few things and then use it as an investment property for renting/Airbnb so we can travel and move to different parts of the country.

    Thank you all so much in advance.

    submitted by /u/fecklesscontent
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    [USA-NY] Realtor.com - is there any way to see the map?

    Posted: 11 Aug 2020 08:51 AM PDT

    So Realtor is highly recommended over Zillow, Redfin, etc. due to being tied to the MLS. However, on the desktop site, I can't seem to show a map with houses - only individual houses.

    This irks me to no end - if I'm not familiar with the area I'd like to see, you know, a map to know where the house is near. Going to google maps for every possible home in an area when cities are sometime a catch-all (NY boroughs?) is time consuming and a mess. Am I missing something or is realtor.com just missing this functionality unless you go on their app?

    submitted by /u/kolt54321
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    Buying duplex with or without tenants?

    Posted: 11 Aug 2020 08:26 AM PDT

    Should I buy a duplex that is currently empty or already has tenants in place in one of the units? Assuming similar building conditions, new roof furnance and water tank etc but need cosmetic works. Want to do a BRRR too so can you get an appraisal with tenants in place?

    submitted by /u/lxw384
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    How does final walk-through work?

    Posted: 11 Aug 2020 08:20 AM PDT

    So if an inspection report says recommend to follow up on certain items during final walk-through-is the seller responsible for repairing items newly discovered on final walk-through?

    submitted by /u/nerdybyrdy
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    Looking for creative final and best offer strategies.

    Posted: 11 Aug 2020 08:17 AM PDT

    High cost of living and hot market Boston. Put in a high above asking offer, 4% down, able to do inspection in two days and close within a month. Just got word they are reviewing tonight at five best and final offer. Unsure how much more attractive I can make our offer seeing as were first time home buyers who don't have a ton of cash to throw around. Any recommendations?

    submitted by /u/Deloris_by_the_Sea
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    Doing a cash-out refinance on a property that has a lien on it.

    Posted: 11 Aug 2020 08:13 AM PDT

    Hi All -- As the title states, I have a lien on my property that I want I want to do a cash-out refi (especially in today's rates). The property is already fully paid off as well, part of the cash is to be used to pay off the lien. (Not an IRS tax lien)

    I heard that a majority of lenders won't want to so this, some might, do any od you guys know any or have some extra insight to this? Thanks!

    submitted by /u/RyokuCha2
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    Selling house to one of those 'we buy houses' people?

    Posted: 11 Aug 2020 07:54 AM PDT

    I live in Central Florida and the market is hopping-

    Spouse and I are planning to move back to Canada. I would love to list the house and get a really nice return on it- but, unfortunately rent is hopping too. We have pets and a kid and it's impossible to keep the house viewing ready at all times. I've been trying to find a place we could rent month to month while we replace flooring and paint, but, I can't find one that allows pets.

    We won't be able to move to Canada until we sell our house and then we will be stuck in a 14 day quarantine in relative's home before we can even start looking at rental homes. We can't move across without the money from the sale of our house because we need to prove we won't be a burden.

    So- that's where we are at. I'm pretty much stuck using one of those cash-for-houses places or just abandoning my pets at an animals shelter right?

    submitted by /u/Jenniferinfl
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    How should I approach buying my first house?

    Posted: 11 Aug 2020 04:08 AM PDT

    Hey all,

    I'm in a somewhat unique situation and was hoping to get some advice. I am looking to buy a home to move into when my lease ends next May. I am only looking to stay in this area for the next year or two (South Florida), but am looking to set this property up as my first real estate investment. I'm not sure whether to look into buying a SFH or duplex and whether to look to finance or buy the property outright. If anyone has any advice or can lead me to where I can find more info on this please let me know.

    submitted by /u/Fresh_Throwaway_lol
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