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Throw it on the ground!
Join Date: Aug 2006
Location: Atlanta, GA
Posts: 2,562
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This real estate market is crazy!
We moved my 96 yr old FIL (who lived 9 houses down from us) into an Sr Living Community. I've spent the last 6 weeks cleaning the house out to ready it for sale. It's a 36 yr old house on the golf course with master on main. Listing went live Tuesday had six offers and went under contract Friday well over list price. Cash sale, no inspection no due diligence, no appraisal. Absolutely crazy!
The house is vacant but the furnished pics in listing were virtually staged. https://www.realtor.com/realestateandhomes-detail/Roswell_GA_30076_M65582-32683
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Mark 1987 911 Coupe Granite Green Metallic My Cousin's Wife's Sister's Husband is a Lawyer. Last edited by mthomas58; 10-03-2021 at 06:13 AM.. |
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10-03-2021, 05:54 AM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,317
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Looks great! In my hood that house would get 1.25 easy!
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1983 SC Coupe 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII |
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10-03-2021, 06:04 AM
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Kantry Member
Join Date: Feb 2001
Location: N.S. Can
Posts: 6,794
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Yep. Properties here in Nova Scotia are being purchased sight unseen, in some cases well over list. Even in rural areas. Not just retirees. My grand daughter's class had 5 new additions in the first week of school. That is unusual in this area, two hours from the city.
Best Les
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Best Les My train of thought has been replaced by a bumper car. |
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10-03-2021, 06:08 AM
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Registered
Join Date: Nov 2004
Location: Raleigh, NC
Posts: 3,865
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Sold for $1 Million.
Only .3 Acres and 1,200 SF https://www.zillow.com/homedetails/703-Chamberlain-St-Raleigh-NC-27607/6402432_zpid/ 
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John D. 82 911 SC Targa-Rosewood 2012 Golf TDI |
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10-03-2021, 06:25 AM
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Registered
Join Date: Jul 2003
Location: Valencia Pa.
Posts: 8,844
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A good portion of the properties in the city neighborhoods, like we have , are being snapped up by large r e investment firms .
The last house we sold , was snapped up by a company from Atlanta. Our agent told us, that this company had purchased a dozen, or more listings in our area over the last few months . Asking price, no inspections and quick close , they did not even look at it . I am curious to see what all these neighborhoods look like in 5 years . We used to think we were pretty gangster buying them up for 20k with no inspections, no financing , and 30 day close . I hope this crazy market holds for another year. I gotta get us through a few evictions, then letting them all fly .
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No left turn un stoned |
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10-03-2021, 06:48 AM
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Recreational Mechanic
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It is crazy. We bought our house in 2011 for $545K. We could sell it today for $1.5M and it would sell in 48 hours with a bidding war. Two neighbors have done so in the last 3 months. But I don't want to move.
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P Cars: 2022 Macan GTS / One empty garage space ---- Other cars: 2019 Golf R 6MT / 2021 F-250 Diesel / 2024 Toyota GR86 6MT ---- Gone: 1997 Spec Boxster Race Car, 2020 GT4, 2004 GT3, 2003 Carrera, 1982 911SC, 2005 Lotus Elise and lots of other non-Porsches PCA National DE Instructor #202106053 / PCA Club Racing / WRL Endurance Racing |
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10-03-2021, 06:57 AM
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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 14,582
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Not everywhere . We moved my MIL to an assisted living facility by us and we had to sell her house in upstate NY . It is a 2br 2 bath about 1600 sf and two story with an attached two car garage . A nice smaller clean house . It went on the market 8/15 for 119,900 . We have had 9 showings and this past weekend we received a contract on the house ......... after dropping the price 10k . But we are glad to be moving closer to selling the house as we are 700 miles away .
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2002 Boxster S . Arctic silver + black top/int. Jake Raby 3.6 SS engine " the beast ". GT3 front bumper, GT3 side skirts and GT3 TEK rear diffuser. 1999 996 C4 coupe black/grey with FSI 3.8 engine . Rear diffuser , front spoiler lip with ducktail spoiler . |
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10-03-2021, 07:29 AM
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Registered
Join Date: Apr 2013
Location: Nevada City, Ca
Posts: 2,210
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My daughter in looking to buy in the Denver area. Very competitive. Houses are going well over asking. My question is…when offering over asking price how does the appraisal work if a bank loan is involved?
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10-03-2021, 07:56 AM
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Registered
Join Date: Dec 2016
Location: Napa
Posts: 2,234
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The lender will only loan on the appraised value
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10-03-2021, 08:01 AM
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Quote:
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10-03-2021, 08:06 AM
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Registered
Join Date: Dec 2016
Location: Napa
Posts: 2,234
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Quote:
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10-03-2021, 08:09 AM
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Registered
Join Date: Dec 2017
Location: Opelika, Alabama
Posts: 4,917
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My In-laws listed their house week before last and within actual hours they had offers coming in. One offer was $9500.00 over listing price. It is currently under contract. Crazy stuff.
Sent from my SM-N950U using Tapatalk
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"A little nonsense now and then is relished by the wisest men." Wonka |
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10-03-2021, 08:28 AM
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Get this! Regular homes in San Diego are selling for $800,000 ! But , people from San Francisco Bay Area are selling their regular homes for $2 million and buying San Diego homes because they are cheap!!!!! Many of these buyers are either retired or working from home. $800,000 cheap home!!!!! Dang!!!!!
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10-03-2021, 08:40 AM
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We paid $326k in 2010 and Zillow is saying $700k now. That's nuts. I'd love to cash out at the top, but I don't want to overpay for the next place. And renting until things correct doesn't sound real attractive either.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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10-03-2021, 08:45 AM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,665
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10-03-2021, 09:19 AM
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Registered
Join Date: Jun 2000
Location: bottom left corner of the world
Posts: 22,715
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It's going nuts here too.
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10-03-2021, 10:00 AM
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Registered
Join Date: Dec 2016
Location: Napa
Posts: 2,234
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Oh yeah, on a golf course, have to add some ridiculous value to that.
There's something inherently wrong about the fact that young people buying their first house have to move out of the town they grew up in. Here, a small fixer starter home in a questionable neighborhood costs the better part of a million |
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10-03-2021, 10:07 AM
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Registered
Join Date: Jun 2000
Location: bottom left corner of the world
Posts: 22,715
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Around here even the dodgy parts of town have become expensive. And the small trash towns have similarly gone up in price. I don't know how the lowly paid workers are going to cope as house prices and rents have more than doubled in the last five years but their income hasn't.
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10-03-2021, 10:18 AM
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Driver
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Congrats on the $ale.
Yesterday my barber told me the house next door to him sold for $1.6 mil. For an 1800 sq ft house. I asked him for how long he (my barber) has lived in his home (which is fairly similar in age/size); 35 years. He bought it for $25K.
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1987 Venetian Blue (looks like grey) 930 Coupe 1990 Black 964 C2 Targa Last edited by Noah930; 10-03-2021 at 11:56 AM.. Reason: Sp |
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10-03-2021, 10:24 AM
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I see you
Join Date: Nov 2002
Location: NJ
Posts: 29,883
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My previous neighbor bought their house for 150K and sold it last year for 265! No garage, small basement. 1 bedroom, 1 bathroom on a 35 x 125 lot.
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Si non potes inimicum tuum vincere, habeas eum amicum and ride a big blue trike. "'Bipartisan' usually means that a larger-than-usual deception is being carried out." |
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10-03-2021, 10:49 AM
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911SC 3.0
Porsche 944
Porsche 911 Carrera
Only Porsche
Only bike
Ducati
1987 Porsche 930 3.3T
