Depends where the house is. My wife’s nephew had to short sell a 350k house in Phoenix during the recession.
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- Thread starter TrailCy
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Depends where the house is. My wife’s nephew had to short sell a 350k house in Phoenix during the recession.
Probably not today but changes pretty quickly if interest rates are 4.5-5
Been working great in my market. So...I would advise each buyer to make sure it would work in your market. Certainly not all markets are the same- I stand amended.
The subprime mortgage crisis was not a market-specific issue, though some were harder-hit than others. Generally speaking, home prices in the US have appreciated at about the rate of inflation. Especially in what appears to be a bubble market, especially with (for now) reduced tax benefit, I would not recommend rushing to buy and/or thinking of it as an investment.
Part of it also has to die with building prices. Supplies are to the moon, so used has shot up
A suburb condo. Got tired of maintaining her crazy flower garden and hated the new neighbors who built a McMansion that towered above her 1960's era house. And I mean TOWERS over. Her little single story now has a two story house with a very tall peaked roof that sits only 5 feet off her properly line. It's to her south and the equivalent of three and half stories tall. Just an awful situation and yet she found a buyer immediately. Good for her, she was literally in tears over how her property was impacted. It's almost unimaginable that somebody would spend that kind of money to build that big a house on a 40 foot lot.
Buyer reps in most markets charge 3%, sometimes 4%.
If you sell the home yourself and refuse to allow agents (meaning you won’t pay a buyer’s rep), the agents will not bring their clients to look at your home.
Most buyers are rep’d by an agent, so if a buyer expresses an interest in your home, that agent will find ways to not get them to your house and present other homes ahead of yours.
Underhanded? Yes. Does it happen? You better believe it. Most agents have buyers agreements in place with their clients- meaning that any buy they help with, the agent gets paid.
My advice: list your home on Zillow. If an agent calls you and asks if you’re willing to work with an agent, advise them you will and you’re willing to pay them 3%. You’ll get qualified buyers brought to you and that agent will draw everything up.
I am still investing in RE to this day and have been for 20 years with no plans to stop. I respectfully disagree with your assessment- RE has done just fine for me. Good minds can disagree- my experience has been different than your assessment.
The value of real estate is beyond simple appreciation and tax benefits.
When I’m selling I have my own people draw up papers. Never let a buyer agent draw up important docs.
I have lived in Minnesota for almost a quarter of a century and I am still hanging on to "casserole" and "duck, duck, goose" with a death grip.
I have never heard Hormel pronounced any differently in Iowa or Minnesota. What are you talking about?
That works too. Most RE contracts are pretty standard- but always a good idea to at least have a pro review before signing.
Sister is the treasurer of the foundation. The family pronounces their name (and the employees do also) than what basically others. They say hormel like normal.
Fair-eh-bo? That is what people I've known from there call it. The Hormel thing is brand new to me.