If I sell, where do I invest the proceeds?
We have received multiple offers to sell, from people we have never met.
We check them out and yes they are legit.
House has never been up for sale, and yet. . .
Shame my kids and grand kids who are just getting started will now be life long renters....
I have a long term friend who does home inspections and he told me business has dropped off a cliff the last couple of months. Sellers are telling buyers to go fly a kite if they insist on a home inspection and the sellers are getting multiple above asking price offers with no home inspection required.
I’m looking to leave NJ. Easy as pie go sell my house, The problem, using on the other end. I’m worried about not having a place to live.
PERUSE LATER.
I can think of another reason to hold off in blue states: soaring property taxes.
If we live in more-less normal time, the market is in bubble, ready for crash, but, if there is a hyperinflation in the future, buying a house now may still be a bargain!
House is the best investment against inflation.
Will see - are we in 1976 or 2006? Or Or Germany 1920? Or ???
The folks next door are selling their house with some company called "Home Sold Speedy". They guarantee a house sold within 24 hours....so far, it's been a week and no "sold" sign is up.
We’re in suburban NC and there’s a house on my block: 70s built, 900 sq ft shoebox, holes in the floor, walls, in obvious disrepair.
Normal market would have it sell at $70k.
It sold at $145k. Buyer went 20k over asking and waved inspection.
Insanity.
People don’t realize that the only reason the mortgage rates are low is that it is the Federal Government’s money being lent. Virtually every mortgage is purchased by Fannie Mae or Freddy Mac. Banks are merely acting as loan agents.
And all this additional debt is off the books and not considered a part of our National Debt.
We are in far worse shape than people are aware.
WAY back when we wanted to buy our first home, interest rates were through the roof and required down payments were extremely high, we just decided (or it had been decided FOR US) that we just couldn’t buy a house NOW and would just have to wait until the housing market/economy turned around.
We did, it did, and the rest is histoire.
Listing my house Thursday. I hope to get 20% over asking!
C’mon people, buy, buy, buy.
I’m just glad we bought our other home in 2019 and our other, other home in 2020. A big enough bid on this NJ house and I’m paying the other two off! Can I get 40% over!!
I do not want to hear of any Freeper doing this from either end.
If you force a buyer to waive inspection, if the amount of problem$ exceeds small claims you will be sued anyway, and it won't help that the realtor/realty will be sued as well.
If you offer to waive inspection to make the sale, you will make your lawyer rich. See above.
The housing market is a fickle bi+ch. I bought my place in ‘03 for $142k. By 2007 it was assessed for about $190k. Then the crash, in 2010 it assessed for about $125k. Now similar houses near me are selling in a day or less for $400k or more.
True. Sold this year and had 7 offers, two of which waived inspections. We elected a conventional offer based on the totality of each offer (not just $ and time but people and likelihood each would be happy in the place ... but it was after all one of the top offers too.
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