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Posted on 3/3/21 at 2:23 pm to ell_13
Please never lend money to anyone with real estate as collateral lol
Posted on 3/3/21 at 5:25 pm to YipSkiddlyDooo
All the folks cashing in after 13 months, etc., better remember that it is a short term gain, not eligible for the primary residence exemption. The profit will be taxed as normal earned income in their tax bracket. Those selling a home for $ 1.5, etc., are probably in the 32-37% tax bracket. Wait at least two years if you can.
Posted on 3/9/21 at 3:52 pm to NYCAuburn
Cumming and Dahlonega growing a lot these days?
Posted on 3/9/21 at 4:11 pm to Dragula
quote:
no home inspection
I don't give a shite how much you want the house, this is a fricking TERRIBLE idea... even if they were giving the house away for free!
Posted on 3/9/21 at 4:23 pm to Dragula
2005 all over again folks. What makes any of this crap construction worth any more than a year ago?
Posted on 3/9/21 at 4:32 pm to Koach K
quote:
What makes any of this crap construction worth any more than a year ago?
timing... interest rates are going up, from historic lows, so everyone is trying to capitalize before it goes up too much... sellers, knowing their shite won't sit on the market too long are motivated to put their house up, and buyers, wanting to buy a house with low interest rates... problem is there are many more people wanting to buy than are willing to sell, thus drastically low inventory, meaning the inventory that is there is seeing a surge in interested buyers and surging prices
Posted on 3/9/21 at 4:44 pm to chRxis
I remember when 4.5% 30 year fixed was a great rate 4 or so years ago. I still consider it to be low. It’s not like 6 or 7%.
Posted on 3/9/21 at 4:53 pm to Paul Allen
quote:
I remember when 4.5% 30 year fixed was a great rate 4 or so years ago.
it was! that was our rate too, and we just refinanced to 3.015% a few weeks ago... made too much sense not to
Posted on 3/9/21 at 5:26 pm to Dragula
Live in Raleigh and put a “Coming Soon” sign out late Friday. Saturday had no look full ask offer. Sunday someone driving by saw me outside so stopped to talk. Offered 10k over list and we wouldn’t have to fix anything, not that there’s anything that needs fixing. Doesn’t actually go on the market until Friday and we’re expecting a stampede.
Posted on 3/9/21 at 6:13 pm to armsdealer
quote:
Sold our house. Cash, no inspection, no appraisal, absolutely ZERO contingencies. Located in BR.
I just bought sight unseen, no inspection and went over the asking price to avoid an open house showing. I hate this housing market.
Posted on 3/9/21 at 6:15 pm to eScott
That’s retarded. You always do an inspection
Posted on 3/9/21 at 6:22 pm to Fox McCloud
The owners weren't showing the house until the open house. No individual viewing and they were already getting offers. I guess you're not trying to buy in this market.
Posted on 3/9/21 at 6:22 pm to Fox McCloud
That doesn’t seem to be an issue when they’re willing to go 10-15k above asking price.
OP, just because something appraises at a certain price, does not mean that’s what you deem the home worth to you. Currently, the housing market is definitely an advantage to the seller.
OP, just because something appraises at a certain price, does not mean that’s what you deem the home worth to you. Currently, the housing market is definitely an advantage to the seller.
Posted on 3/9/21 at 6:28 pm to eScott
quote:
I just bought sight unseen, no inspection and went over the asking price to avoid an open house showing. I hate this housing market.
its all well and good to get top dollar like that...BUT THEN YOU HAVE TO TURN AROUND AND frickING BUY A HOME UNDER THOSE SAME CONDITIONS or move.
Posted on 3/9/21 at 6:46 pm to Koach K
quote:
2005 all over again folks. What makes any of this crap construction worth any more than a year ago?
My house was built in 1959.
Posted on 3/9/21 at 6:51 pm to LasVegasTiger
Boise?
Posted on 3/9/21 at 6:57 pm to UnluckyTiger
Just sold my house in Mount Pleasant SC. Only lasted a few hours. Multiple offers. Crazy world....
Posted on 3/9/21 at 6:57 pm to UGATiger26
I'm feeling the pain here in Arkansas as well
Fiance has to be close to the hospital in Little Rock and I work in Stuttgart but don't mind the 55 min drive. Every house is pretty much 20-40k over market value and if I want it, I'll have to pay cash to get it.
I thought we were in a pandemic and nobody had jobs or money?
Fiance has to be close to the hospital in Little Rock and I work in Stuttgart but don't mind the 55 min drive. Every house is pretty much 20-40k over market value and if I want it, I'll have to pay cash to get it.
I thought we were in a pandemic and nobody had jobs or money?
Posted on 3/9/21 at 8:01 pm to Koach K
quote:
2005 all over again folks. What makes any of this crap construction worth any more than a year ago?
Econ 101, quantity demanded exceeds available supply, price rises until equilibrium is reached.
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