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re: The Wild DFW Housing Market--my experience
Posted on 3/27/17 at 1:45 pm to tlsu15
Posted on 3/27/17 at 1:45 pm to tlsu15
Rent.
I was approved for 250k through Rocket on my income and credit history and I came to the realization I needed 50K more to get into the neighborhoods I want. I am single though, so either its get a raise or find a wife.
I think I'll try the first right now lol...
I was approved for 250k through Rocket on my income and credit history and I came to the realization I needed 50K more to get into the neighborhoods I want. I am single though, so either its get a raise or find a wife.
I think I'll try the first right now lol...
2
Posted on 3/27/17 at 3:23 pm to 50_Tiger
If you are selling your house that quickly then you are underpriced. This is the definition of an agency problem. The agent has every incentive to flip the house as quickly as possible because the net benefits of a few extra grand doesn't mean much for the agent.
You could have listed for 20K more and still had people offer over ask. Dallas is as much of a sellers market as you will ever see...if you are patient, then you can find a buyer that will overpay because they are tired of the process. Now, you may need someone who is all cash because otherwise the financing could fall through.
I'll report back on a couple months when my rent lease is up for renenwal. Only went up about $40 this last year so cheers to hoping the same happens again.
You could have listed for 20K more and still had people offer over ask. Dallas is as much of a sellers market as you will ever see...if you are patient, then you can find a buyer that will overpay because they are tired of the process. Now, you may need someone who is all cash because otherwise the financing could fall through.
I'll report back on a couple months when my rent lease is up for renenwal. Only went up about $40 this last year so cheers to hoping the same happens again.
Posted on 3/27/17 at 6:15 pm to 50_Tiger
quote:
Rent.
I was approved for 250k through Rocket on my income and credit history and I came to the realization I needed 50K more to get into the neighborhoods I want. I am single though, so either its get a raise or find a wife.
I think I'll try the first right now lol...
Make sure she has a job, and if she does, you will live where "she" wants......
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