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Message
re: Realtor Buddy Called Me
Posted on 6/15/22 at 9:25 am to olemc999
Posted on 6/15/22 at 9:25 am to olemc999
quote:
Hell even BlackRock must be tapped out.
This is actually ideal for them. They've bought lots of properties, now all they need to do is sit back and collect rent until rates come back down (which may be years). By then they could have quite a nest egg set aside for more acquisitions.
0
Posted on 6/15/22 at 9:35 am to Friscodog
Yep same at Re/max offices in our area.
Posted on 6/15/22 at 1:20 pm to Mac Power
quote:
That said, I sold my home in March for 100% more than I purchased it for in 2018. A neighbor just sold his home for 525K that was probably valued at 225K just several years ago. Its insane.
Townhomes are 300-400K now.
I have had realtors call me asking if I wanted to sell because they have people wanting to get into my neighborhood. Offering CRAZY money. But if I sold I would have to buy something at just as crazy a price.
But the worst part of selling\buying is that I would have to pack up 20 years of crap in my house.
So Ill just stay where I am.
Posted on 6/15/22 at 1:41 pm to Catchfalaya
I've had 3 neighbors sell their homes all over $1.8mil the past 6 months. Each of these homes were bought "AS IS" by Californians.
Another neighbor just put his house up for sale 2 weeks ago for $1.5 and his only offer has been $950K, with stipulations. He definitely missed the boat on the inflated pricing.
All of the homes, realistically, should be in the $600K - $1mil range.
Another neighbor just put his house up for sale 2 weeks ago for $1.5 and his only offer has been $950K, with stipulations. He definitely missed the boat on the inflated pricing.
All of the homes, realistically, should be in the $600K - $1mil range.
Posted on 6/15/22 at 1:55 pm to Floating Change Up
In Port St Lucie, it is still pretty busy. We get a lot of folks retiring down here, and they are paying cash for their houses, so increased interest rates are less of a factor.
I think there may be a delayed response as the people who plan on selling their house for a million bucks in New York and then buying a house in FL for $500k may not be able to sell their NY house in a few months. They may have to settle for less profit in the transaction or delay retiring.
We'll see, I guess. I'm not planning on selling anytime soon, and according to Zillow, my house is worth $83k more than when I bought it 5 months ago. I don't expect that to be the case for long, though...
I think there may be a delayed response as the people who plan on selling their house for a million bucks in New York and then buying a house in FL for $500k may not be able to sell their NY house in a few months. They may have to settle for less profit in the transaction or delay retiring.
We'll see, I guess. I'm not planning on selling anytime soon, and according to Zillow, my house is worth $83k more than when I bought it 5 months ago. I don't expect that to be the case for long, though...
Posted on 6/15/22 at 5:29 pm to EasterEgg
quote:
All those people who 6 months ago paid $50,000 over the asking which was $100,000 over the actual value, will be feeling really dumb really soon.
If you also sold, it’s a wash
Posted on 6/15/22 at 5:41 pm to Jax-Tiger
Florida is full. They need to go elsewhere.
Posted on 6/15/22 at 6:06 pm to Friscodog
quote:
move back to Louisiana
Posted on 6/15/22 at 7:47 pm to Dirk Dawgler
quote:
Waiting eagerly to pounce on one of those lake houses about an hour away. Looking forward to my weekend oasis.
Did this is July 2020 when beyond obvious it would take much longer than 2 weeks to “flatten the curve.” Do it.
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