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re: The Wild DFW Housing Market--my experience

Posted on 3/27/17 at 11:04 am to
Posted by baldona
Florida
Member since Feb 2016
20646 posts
Posted on 3/27/17 at 11:04 am to
Op, you realize you hired a horrible Realtor and should fire them right? I mean that's laughably wrong. I mean what did you hire an agent for if their advice was completely off, I'd be pretty mad.

If your house gets an offer in under 7 days, you should ALWAYS wait at least a week and then if you get multiple offers tell everyone to give their best and final. Not doing this, is simply horrible business.
This post was edited on 3/27/17 at 11:06 am
Posted by baldona
Florida
Member since Feb 2016
20646 posts
Posted on 3/27/17 at 11:08 am to
I think part of the current housing bubble is that there are a bunch of people getting back into the market after being burned from 2006-2008. A bunch of idiots too that had to short sale or foreclose and now trying to buy again.

There's also a ton of young professionals that are buying their "dream" house as a first house. I don't understand someone buying a $400k+ house as their first house. I know a young couple that make around $100k that bought a $450k house as their first home and 3 months after buying are already wanting to blow out the living room because its too small. Its mind blowing how some people just ruin their finances on their primary residence.
Posted by Quidam65
Q Continuum
Member since Jun 2010
19325 posts
Posted on 3/27/17 at 12:14 pm to
quote:

If your house gets an offer in under 7 days, you should ALWAYS wait at least a week and then if you get multiple offers tell everyone to give their best and final. Not doing this, is simply horrible business.


We had FIVE offers in THREE days. Two were low-ball "I Buy Ugly House" offers, three were over list. This isn't Frisco/McKinney where you can get bizarre offers over list, this is a 1970s house in an older area (not a historic district).
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