Posted on 05/10/2020 1:49:31 PM PDT by MeneMeneTekelUpharsin
What is really happening with real estate sales right now? Any stories out there? Seems to be one of the best kept secrets right now. Anyone have any truthful information?
We're up $3K to ~ 350K - last 30 days - Zillow is pretty accurate for comparables ... We're probably under-priced due to unique property features. Right next door to a nudist resort. The resort part is just a joke. ;-)
On a hill with an unobstructed view !
That should be fun — 3 inches of documents and 400 signatures.
Airbnb Cuts 1,900 Jobs, 25% Of Its Workforce, As Pandemic Freezes Travel
Expect a lot of AirBnB houses to all hit the market at once as travel stays frozen -- even if the government lifts the lockdown.
I work with mostly first time homebuyers in my area, we are super busy.
A lot of people with solid jobs even with all the Covid craziness.
The best time to buy is when you find the right property and have the money ... period.
Don’t try to time the market (as they say) you will always be disappointed and too late.
My wife and I bought property in Okeechobee in 2017 after the prices went up from 2010, but so what ... we still got a great deal and at that time we had the money to do it.
If you see something you really like ... get it.
Bump
Newtown. It’s been tough around here since that school tragedy.
Yup seriously thinking along those lines.
I don’t have official data, but in our large subdivision in eastern TN, houses are on the market from 2-4 weeks before they sell.
As an aside, we went furniture shopping this afternoon, and the store was packed! Only the sales staff wore masks.
Fortunes were made buying distressed properties during the Great Depression.
I would think there is a vast migration out of the big cities to the satellite cities. Without the presence of the working people, the homeless have taken over New York City, San Francisco, Seattle, Honolulu, Portland — of the places I track. In many places, they are the favored population — even being given alcohol, drugs, and cigarettes while staying in upscale hotels.
The major draw of big cities has been that they are close to everything — but if nothing is open, you might as well be elsewhere ordering from Amazon — or at least not have to be standing in long lines and social distancing. And then major corporations have been encouraging people to work remotely. One would have thought that the urban boom wouldn’t run forever — but until a few months ago, seemed unstoppable.
If there are no cultural events or venues, what’s the point of remaining at those high costs of living? But these days, if a community has a Walmart, Costco, Dollar Tree, and Ross, it is an indication there is a critical mass and viability for the future. When a city no longer provides amenities, why stay for the crime and crowds?
That’s about what it was. On top of that it was multiple requests for the same thing they already had. They didn’t trust my tax returns, schedule B’s, 1099 DIVS, ETC. Had to document line items. Didn’t know what a transfer agent is. Wanted to prove continuity of dividends for previous 3 years during which time we had an unbroken stream of autopay mortgage payments....and for twenty years previous. I could go on. Preposterous.
are your sales from folks moving in from northern states??
We are seeing above asking price offers from out of staters
Municipalities always re evaluate in a high market.
Has happened to me twice, then the prices crashed.
I went back with new evaluations to the city and have had them drop the tax eval.
I’m doing a lot of genealogical research. My grandfather built his own house in the early 30s. I think his mortgage instrument (which I recently found) is one page and one signature.
Here we are 90 years later and “Preposterous” doesn’t begin to cover it. I wouldn’t be surprised to hit 1,000 page closing documents in a few decades.
If the global health control (WHO/Gates/China,Fauci...yknow, Rothschilds) releases Covid19 Mark II this fall and then the famine hits he are going to lose a lot of older boomers over the winter. McMansions should be 6pack/$12 by spring.
You have a number of people who can not pay their rent and may never be able to do so. You are prohibited from starting evictions proceedings and even if you were not there are almost no people looking for rentals.
Commercial is worse as there are a number of businesses that are closing and nothing is opening to replace them.
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