yep. bought our first house spring 2019. lincoln, ne 125,000 (limit). looked at houses all day long before finding a nice gem in an up incoming neighborhood. today there are 4 houses listed under 125k. 2 need a bulldozer
Housing market
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yep. bought our first house spring 2019. lincoln, ne 125,000 (limit). looked at houses all day long before finding a nice gem in an up incoming neighborhood. today there are 4 houses listed under 125k. 2 need a bulldozer
I just started working on a home East Side of Des Moines. Assessors Site has it listed as a 2 bedroom but I'll be able to make a third br and have laundry on main level. Won't have a garage though. I should be able to sell for a minimum $130,000. Will be real nice when done. Right now I'm fighting the roach infestation. Previous owner tried to self treat and mostly worked. I am having professional service handle that...along with the fleas.
Going forward when I sell these homes if it is an investor buying I am not going to budge on price and won't have any seller concessions. An investor bought our previous place and I gave a little. I only want to give concessions to owner occupants to help them build up an asset base.
Going forward when I sell these homes if it is an investor buying I am not going to budge on price and won't have any seller concessions. An investor bought our previous place and I gave a little. I only want to give concessions to owner occupants to help them build up an asset base.
Mine is 10% high. Zillow does not know condition and several other variances. Assessor listing are off quite often and very vague on details.
I would only use Zestimate as that...an estimate. Their number could be off at least 15% either way. At least that is what I've noticed. I still use Zillow when researching resale of my flips but mostly as a high level guide and for the photos of the sold homes. The photos give me a better comparison.
8 houses could have sold in the area but only two were done up nice. Zillow just looks at the average of the 8. Say that comes out to roughly $125,000. The two nice houses sold for $135,000 each though while the others would be below the $125,000.
You can use the Zestimate to a point, you'll just have to use some odd your own analysis with that. If you are not in the residential industry you may not include something or notice something. (House had an extra 1/2 bath, yard size etc...)
8 houses could have sold in the area but only two were done up nice. Zillow just looks at the average of the 8. Say that comes out to roughly $125,000. The two nice houses sold for $135,000 each though while the others would be below the $125,000.
You can use the Zestimate to a point, you'll just have to use some odd your own analysis with that. If you are not in the residential industry you may not include something or notice something. (House had an extra 1/2 bath, yard size etc...)
Talking to a realtor yesterday- They bought a house for 212,000 did nothing to it sold it days later for 350,000- Houses are selling for 50,000 over asking price they said in hours.
There is definitely more to this story.
Im calling BS or the Realtor violated the Code of Ethics.
The story definitely makes it sound like a realtor conned an elderly person out of a house for less than market value by convincing them to not list it because they knew it was worth more than the person said they wanted to list it for.
Unethical realtors say it isn't so- My parents got completely screwed by their realtor and they had known him for YEARS!
I'm going to sound super financially conservative with this post. I try not to look at my house as an investment. I look at it as a place to live so I don't look at numbers other than for tax purposes and long term planning. I still own my starter home in Altoona and I'm within 4 year of paying it off. My son lives there now and there's some discussion of selling him the house when it's paid off.
With all of that said, it's hard hearing about these types of increases and not be tempted to sell but I'm not going to. Maybe it's ego, I don't know. I just like the idea of being able to say I paid my mortgage off and own it outright. Kind of weird.
On a related topic we bought our starter home during the last home tight market (2005ish). We, again were conservative with our purchase and we never went upside down. Although, I don't believe Iowa was as crazy as other markets back then. The houses on our street are selling for almost double what they were selling for when we bought that house.
With all of that said, it's hard hearing about these types of increases and not be tempted to sell but I'm not going to. Maybe it's ego, I don't know. I just like the idea of being able to say I paid my mortgage off and own it outright. Kind of weird.
On a related topic we bought our starter home during the last home tight market (2005ish). We, again were conservative with our purchase and we never went upside down. Although, I don't believe Iowa was as crazy as other markets back then. The houses on our street are selling for almost double what they were selling for when we bought that house.
When I look at net worths and such, I don’t include my house or others in it. You have to live somewhere and very few people will sell it and rent forever then.
idk much about the market other than the market is hot, people are overpaying, and there's nothing left. But for some reason I get mad when the $2 million mansion in Hawaii that I saved, gets bought
not much to it other than I love going on Zillow, saving homes that I can't afford and then get offended when someone buys the home that I'll never be able to buy....I saved a mountain home in Breckenridge, CO that was like $7 million and I recently checked and it had sold and for some reason I got upset lmao
I'm in that awkward spot in my life where I'm a single guy, living on my own. I make enough money to support all of my necessities and some luxuries in life. I pay $1,000 for rent but buying a house right now isn't an option...just too expensive. I hate renting because I am quite literally throwing my money away.