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Message
1
Posted on 5/5/22 at 7:17 pm to fjlee90
quote:
I might be the only one in this boat so I’ll cross my fingers and count myself lucky if it works out.
I have an offer (below asking) in on a place that’s been on the market for 3 months. It’s clearly over priced based on comps alone. We are in negotiations.
We did the same. House we just bought started out $200k over the price it was at by the time we found it. We offered $20k less than the asking price, and she countered with meeting in the middle.
Uncovered a lot of expensive work needing to be done in inspections (historic home). She didn't want to get the work done, but ended up agreeing to our original offer for $20k below asking.
House sat on the market for years prior. And they rejected several low ball offers by people previously.
I don't know about your situation, but in ours it was a matter of the house being set up in an incredibly unique way that most modern families would not be happy with. It appraised a few years ago for a lot more than we paid, and the seller couldn't let that go from her mind.. But every so often an appraisal is just wrong because of something weird that isn't an "on paper" thing.
Posted on 5/5/22 at 7:21 pm to LSUTigahss
Congrats, man!
Posted on 5/5/22 at 7:22 pm to LSUTigahss
quote:
Definitely not. But not a tiny area either
Congrats on getting it. We have some friends trying to buy here and they keep getting outbid over asking.
Posted on 5/5/22 at 7:24 pm to fallguy_1978
quote:
In my mind most rental homes are lower end homes that are alternatives to apartments.
Agree. If you're near a college campus I could see it, but trying to lease out a decent sized home for $2000+ when not near campus seems difficult. Probably not many groups of young people trying to live over there.
Posted on 5/5/22 at 7:27 pm to LouisianaLady
There are plenty of rental homes over $3,700 a month in Denver, Austin, Tampa and Nashville. It always comes down to the market in which you’re trying to move to.
Posted on 5/5/22 at 7:30 pm to LSUTigahss
Congrats on buying at the high.
Posted on 5/5/22 at 7:30 pm to LSUBoo
quote:
Congrats on getting it. We have some friends trying to buy here and they keep getting outbid over asking.
My uncle just moved there a few months ago, and has had zero luck. They were planning to build, but every builder in the area has quoted way beyond what they were expecting.
They are now exploring more into the NC area.
Posted on 5/5/22 at 7:31 pm to Paul Allen
Well I'm referring to BR specifically 
Yes, in HCOL areas, people probably rent houses a lot more. In BR, I think people who can would rather have a mortgage than pay thousands in rent.
Yes, in HCOL areas, people probably rent houses a lot more. In BR, I think people who can would rather have a mortgage than pay thousands in rent.
Posted on 5/5/22 at 7:34 pm to LouisianaLady
Has anyone seen the 30 year fixed rate today?
Posted on 5/5/22 at 7:53 pm to thegreatboudini
quote:
Both of these buyers were from California.
Frisco has been getting hit hard with Californian all cash offers on homes. We built in 2012 and our home valued has skyrocketed since. The flyers, texts, door to door solicitors, etc asking to buy our home is just annoying now. Our son graduates in 3 years and I’m just holding out for that.
Posted on 5/5/22 at 8:44 pm to baobabtiger
quote:
Congrats on buying at the high
Thanks man. Got exactly what I wanted, at a price I think is actually under actual value.
Keep being miserable though.
Posted on 5/10/22 at 5:49 am to baobabtiger
quote:you're right. OP should just sit on the sidelines like you and wait 5-10 years for the prices to come down then buy. Let us know how that works out for you.
Congrats on buying at the high.
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