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04-08-2021, 02:30 PM | #4676 | ||
Scooby Specialist
Member#: 34670
Join Date: Mar 2003
Chapter/Region:
South East
Vehicle:2016 slowmobile |
Quote:
Quote:
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04-08-2021, 02:30 PM | #4677 | |
Scooby Guru
Member#: 26859
Join Date: Oct 2002
Chapter/Region:
TXIC
Location: undisputed COMBAT! champion
Vehicle:of TXIC I also like (oYo)!!!! |
Quote:
hasn't been under contract yet, or that would be published for my realtor to see why any prospective buyers walked out. I am guessing it's a few things, but primarily.. there are 2 full baths, and 3 rooms, all 3 rooms are upstairs, and only 1 bathroom upstairs, so in effect, there's 1 bathroom for 3 rooms of people. neither of the bathrooms are particularly big either. there's no formal dining room, and no closet space in any of the rooms. like no closets at all. considering my current house has only 1 bathroom, and no closets either, and I don't care about a formal dining room. anyway, the home isn't crazy expensive for the location, but at the cost they are asking, I think most buyers want formal dining, more bathroom, and definitely they want closets. |
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04-08-2021, 02:31 PM | #4678 |
Scooby Newbie
Member#: 126425
Join Date: Sep 2006
Chapter/Region:
SWIC
Location: Lake Havasu City, AZ
Vehicle:2021 Forester Sport Grey |
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04-08-2021, 03:16 PM | #4679 |
Scooby Specialist
Member#: 21356
Join Date: Jul 2002
Chapter/Region:
NESIC
Location: Can't catch me!
Vehicle:2017 Subaru Corolla STI Limited SE-R Type (R) |
that seller was generous with the end of offers date
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04-08-2021, 03:46 PM | #4680 |
Scooby Newbie
Member#: 126425
Join Date: Sep 2006
Chapter/Region:
SWIC
Location: Lake Havasu City, AZ
Vehicle:2021 Forester Sport Grey |
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04-08-2021, 04:05 PM | #4681 |
Scooby Guru
Member#: 67807
Join Date: Aug 2004
Chapter/Region:
MAIC
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Agent friend who put his remodeled small 3/2 flip on the market got a cash offer immediately for $200k over asking. He bought in Feb for $360K, some elbow grease, Home Depot contractor discount, and 2 months later sold for $650K.
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04-08-2021, 04:27 PM | #4682 |
Scooby Newbie
Member#: 153174
Join Date: Jul 2007
Chapter/Region:
SCIC
Location: SGV
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I bought my condo 3 years ago for 280k, the unit above mine just sold a month ago for 400k. the one next to that sold 2 weeks prior for 390k, a few others in the complex sold within the last 6 month for anywhere from 370k-390k
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04-08-2021, 05:13 PM | #4683 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
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04-08-2021, 05:39 PM | #4684 |
Scooby Specialist
Member#: 5673
Join Date: Apr 2001
Chapter/Region:
BAIC
Location: Folsom, CA
Vehicle:05 LGT, 02 WRX Hellcat CTR LC500 GRC |
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04-08-2021, 05:42 PM | #4685 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
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04-08-2021, 05:43 PM | #4686 |
Scooby Specialist
Member#: 34670
Join Date: Mar 2003
Chapter/Region:
South East
Vehicle:2016 slowmobile |
Not sure on a larger scale, but in my neighborhood it's been dead on when I compare a house that's listed to its selling price. Usually just a bit below what it actually goes for but the way prices are rising it probably doesn't keep up.
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04-08-2021, 06:56 PM | #4687 |
Scooby Newbie
Member#: 253380
Join Date: Jul 2010
Chapter/Region:
Tri-State
Location: NJ / NYC
Vehicle:02 WRX |
If this market keeps this trajectory for at least 3 more months I'm going to talk to a realtor and consider listing and rolling it into a 1031 exchange fixer upper.
I say this all the time, but I keep feeling this is a bubble ready to pop, but so many people say there's no bubble and no reason to pop. |
04-08-2021, 10:24 PM | #4688 | |
Scooby Guru
Member#: 26859
Join Date: Oct 2002
Chapter/Region:
TXIC
Location: undisputed COMBAT! champion
Vehicle:of TXIC I also like (oYo)!!!! |
Quote:
the only housing crisis that seems to be happening now is a lack of inventory. |
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04-09-2021, 12:04 AM | #4689 |
Scooby Specialist
Member#: 17256
Join Date: Apr 2002
Chapter/Region:
South East
Location: America's Outback
Vehicle:18 Outback on the road.... |
Yeah, we cashed out our rental condo. Owned for 2 years. 190% return on investment. Could not pass it up. It was great rental property which we would have kept and been happy, but that kind of return you cannot pass up.
Now watch it double in the next couple years. |
04-09-2021, 01:55 AM | #4690 |
Scooby Newbie
Member#: 126425
Join Date: Sep 2006
Chapter/Region:
SWIC
Location: Lake Havasu City, AZ
Vehicle:2021 Forester Sport Grey |
I went and looked at it today. Not a bad little house. Pretty big back yard, that backs up to some sort of Trucking Company. Some interior stuff needs updating. Probably be a decent rental in a land where rentals do not readily exist. I am sure it will sell in a week.
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04-09-2021, 02:55 AM | #4691 | |
Scooby Newbie
Member#: 150388
Join Date: Jun 2007
Chapter/Region:
SCIC
Vehicle:'14 FXT |
Quote:
The next three are $1.3-$1.5 with $400ish monthly HOAs. Then another 10 listings from $2-22M. The $22M beach shack has a $1200 a month HOA to keep out the riff raff. I didnt check the bylaws to see if hookers and blow were included services. |
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04-09-2021, 07:31 AM | #4692 | |
Scooby Newbie
Member#: 253380
Join Date: Jul 2010
Chapter/Region:
Tri-State
Location: NJ / NYC
Vehicle:02 WRX |
Quote:
And several unorthodox policies in place and variables. |
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04-09-2021, 07:46 AM | #4693 |
Scooby Specialist
Member#: 34670
Join Date: Mar 2003
Chapter/Region:
South East
Vehicle:2016 slowmobile |
Suddenly mobile workers - many with a desire to leave metro areas or get to the outskirts, temporarily low interest rates, and things like lots of free time making people want to do yard stuff? Seems to be the case out where I am. I moved here 3 years ago to be away from the city and accepted my commute of 45 minutes in at 5am and an hour home at 2pm. Now with all the WFH policies prices here have skyrocketed along with construction, and everybody is doing yard work. And yes, I get it, that's going on everywhere. But, this (used to be) the boonies, there is no convenient interstate. My balance has also shifted and considering I go in maybe once a week I'd accept a longer commute and wish I'd have bought even further out, with more land.
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04-09-2021, 07:48 AM | #4694 | |
Scooby Guru
Member#: 26859
Join Date: Oct 2002
Chapter/Region:
TXIC
Location: undisputed COMBAT! champion
Vehicle:of TXIC I also like (oYo)!!!! |
Quote:
what you're describing, certainly, that's an overheated market that will cool rapidly, but when is the question. I guess all I was trying to illustrate with the reference to '08 is that sure the bottom fell out, but if you compare prices from '07 and today, you wouldn't even know anything happened in '08. the bottom has been rebuilt and then some. the cause of that correction is inconsequential. so if the bottom does fall out in the short term, will your financial situation allow you to withstand? |
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04-09-2021, 07:51 AM | #4695 |
Scooby Newbie
Member#: 253380
Join Date: Jul 2010
Chapter/Region:
Tri-State
Location: NJ / NYC
Vehicle:02 WRX |
WFH is great and all, but to move somewhere you wouldn't normally want to live because of this new WFH policy which is subject to change seems short sighted. Sure many people want WFH to last forever, but my gut feeling is that this will change back to office work in the next few years - regardless what employees want. Although 45 minute commute isn't even that bad - I'm referring to people moving over an hour to 2 hours away.
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04-09-2021, 01:12 PM | #4696 | |
Scooby Specialist
Member#: 3787
Join Date: Jan 2001
Chapter/Region:
South East
Location: G-ville
Vehicle:2008 Gay Car |
Quote:
The inevitable housing market crash is going to be lit. |
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04-09-2021, 01:24 PM | #4697 | |
Scooby Newbie
Member#: 253189
Join Date: Jul 2010
Chapter/Region:
South East
Location: Louisville Ky
Vehicle:2016 SS Black |
Quote:
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04-09-2021, 01:48 PM | #4698 | |
Scooby Guru
Member#: 26859
Join Date: Oct 2002
Chapter/Region:
TXIC
Location: undisputed COMBAT! champion
Vehicle:of TXIC I also like (oYo)!!!! |
Quote:
"you guys are ok without a formal dining room, but when you sell, will the next buyer be ok with that?" |
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04-09-2021, 01:56 PM | #4699 | |
Scooby Newbie
Member#: 216496
Join Date: Jul 2009
Chapter/Region:
MWSOC
Location: Cincinnati
Vehicle:MK8 GTI White |
Quote:
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04-09-2021, 02:18 PM | #4700 |
Scooby Newbie
Member#: 158349
Join Date: Sep 2007
Chapter/Region:
NESIC
Location: NH
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Well, put our house on the market 4/1 and decided to go away for the weekend to avoid the circus. Had 38 showings that weekend, 22 were on Saturday. Got three offers that we weren't too thrilled about (FHA loans), then a 4th came in above asking, cash, and no inspection. SOLD! Now we just got to find a place to live for ~3 months while the new house gets built...
This is our $500k patch of cleared trees with the promise of a house to be built... wtf is up with the images https://img.nasioc.com/image/hDl94 |
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