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- 1,097
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- Jan 12, 2017
I asked which geographical regions were undervalued and he responded that industrial and multi-family RE in the sun belt was the hottest sector
he also added Austin and Salt Lake City rent growth was crazy
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Idaho, Montana, Wyoming not the wave no mo?
Figure that sun belt talk is mainly due to the favorable year round weather, at least towards the western region
Figure that sun belt talk is mainly due to the favorable year round weather, at least towards the western region
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Way more expensive than the Belt
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big Sky / sun valley the wave for wealthy vacationers
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As a humble farmer I wouldn’t know
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had the home inspection on saturday and man....
so many red flags : roofing ( moisture stains in attic), electrical ( outdated electrical panel and mis-wired outlets), and plumbing ( galvanized tubing, needs new water heater )
feel like i got gut punched real bad
realtor says we'll def be getting credit
so many red flags : roofing ( moisture stains in attic), electrical ( outdated electrical panel and mis-wired outlets), and plumbing ( galvanized tubing, needs new water heater )
feel like i got gut punched real bad
realtor says we'll def be getting credit
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- Aug 19, 2015
Bro be careful. When my basement flooded they found outdated electrical and that alone cost to rewire the basement was $8k.
Plumbing ain't no joke either, nor is moisture issues (mold).
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- 8,568
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About 5-6 weeks out from closing. Tile went in this week so wanted to share the progress. Really happy with the progress!
This is nice, I have a sit down shower for days I have to cry in there after a long day.
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This seems so incredibly spot on...
For homeowners who have seen their home(s) multiply in equity/value in the past few months, I'm sure there's probably no complaints... But overall, bigger picture, I think this is terrifying news for the viability of future homeownership...
The rich just get richer.
What's new.?
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Wouldn't be surprised if a lot of these major companies have a REIT. Especially if they have all that data it would almost be a waste not to.
solewoman
Staff member
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Do you need the house?! I’d make seller fix all that. Credit wouldn’t cut it for me.
Los Angeles
formerly bright nikes
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- Apr 11, 2004
Bought my first home a little over 2 weeks ago.
As much as i wanted to stay in la county, i was priced out.
I ended up in San Bernardino County, lot isnt too big, but the school district is great, house was built in 2016, everything upgraded from the solar panels to the house having surround sound.
the only drawback is my commute though, 45 mins to get to work and 1-1.5 hours to get back home
As much as i wanted to stay in la county, i was priced out.
I ended up in San Bernardino County, lot isnt too big, but the school district is great, house was built in 2016, everything upgraded from the solar panels to the house having surround sound.
the only drawback is my commute though, 45 mins to get to work and 1-1.5 hours to get back home
Nereyda Vuelve Por Dios
formerly DONRE
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- Jul 22, 2012
Need advice ya. Ill try and be brief
saw a crib loved it. All of it cept it didnt have parking. Only on the street.Big deal but incan live with it becuase the area is decent and mostly everyone has thier own parking.
selling price was at 530. Real estate agent got in our ear saying this can easily go to 570-580. We offered 560, not expecting much. And they accepted. Now im having cold feet.
i dont think its worth 560 with no garage. I think its not worth more than 540. We saw the house 3 days ago and our real estate agent just sent us the comp house in the area. And they are pretty eqaul to the 560 but none lack the parking
he also sent a property report and its estimated value is 520. With a refined value of 550(covid price).
If i had this info before i wouldnt make that offer.
this wild yo. Any insight
saw a crib loved it. All of it cept it didnt have parking. Only on the street.Big deal but incan live with it becuase the area is decent and mostly everyone has thier own parking.
selling price was at 530. Real estate agent got in our ear saying this can easily go to 570-580. We offered 560, not expecting much. And they accepted. Now im having cold feet.
i dont think its worth 560 with no garage. I think its not worth more than 540. We saw the house 3 days ago and our real estate agent just sent us the comp house in the area. And they are pretty eqaul to the 560 but none lack the parking
he also sent a property report and its estimated value is 520. With a refined value of 550(covid price).
If i had this info before i wouldnt make that offer.
this wild yo. Any insight
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I would back out of the deal.
lack of designated parking sucks.
It's a condo or SFR?
lack of designated parking sucks.
It's a condo or SFR?
solewoman
Staff member
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Agent sounds kinda wack. Why weren’t you given that info beforehand?!
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If you love a house, it is worth paying a little more for it. That extra 30k won’t kill you over time. Seems like splitting hairs.
Los Angeles
formerly bright nikes
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- Apr 11, 2004
You can always pull out and send another offer!
if it doesnt feel right…go with your gut!
if it doesnt feel right…go with your gut!
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If you're not comfortable with it, then pull out. You have to remember, Real Estate Agents have their own interest at heart.
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If you don't mind my asking... Where are you located/purchasing.?
Here in LA, it's not uncommon for homes to go way above asking, especially in today's market. I don't think we can assume that your agent was advising you of such solely with his personal gain in mind...
Unfortunately, during a "sellers market", your offer isn't always what the value of the house may be, but what others may be willing to pay for it .. tons of houses everywhere are selling for way more than they're probably worth .. question is,
is it worth it to you.?
Sounds like you don't really feel that it is .. I would say keep searching...
Nereyda Vuelve Por Dios
formerly DONRE
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- 37,817
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“Need” ….
That’s the thing that has been mind all week
Yes and no
getting finalized reports today
the thing with a seller fixes, is they will continue to patch stuff without a permanent fix because they know there will be another buyer who will be accepting of it
if I ask for credit, I can overestimate the costs of repairs and know I will be overseeing it gets done right to my liking
Also if the seller fixes it, it helps them retain the agreed sell price
If I ask for credit the price gets reduced and will eventually increase the value of the property once the fixes are made after becoming owner
Nereyda Vuelve Por Dios
formerly DONRE
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- Jul 22, 2012
Westchester county in NY. Yeah the prking issue is becoming bigger and bigger the more i think about it
solewoman
Staff member
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- Jul 27, 2006
true but they could easily get their own estimates and not accept your cost of repairs…
