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That's counting principal, but after paying for upkeep and expenses, I'm sure I pony up 1-2k per year. I could more or less break even if I sold now, but I'll probably ride this out for the long haul. The state of things for the foreseeable future has me on edge regarding the potential liability though.
You need to sharpen your hiring skills.
You should be getting better service than that. The COVID thing might be impacting things. It's not really cool to take "lookers" through peoples homes when they could leave behind a virus that kills them.
We have a couple of things we want to button up at our house before we list it. Some of which is being done while we are on vacation next week.
Oh sure, I know this.You need to sharpen your hiring skills.
With the auto MLS features, it's pretty easy to take your criteria and have those listings automatically e-mailed to you every day.
This sounds awesome.
IMO don't take it wrong if the agent doesn't give you information about schools. I also give web addresses. Telling you which schools are "good" is a form of steering is definitely a form of discrimination. Based on what you've posted elsewhere, if you want to be a purveyor of change, don't work with an agent who is steering.
It's against Federal Law for an agent to give an opinion about schools.
Thanks for all the info. I ended up politely informing guy #1 his services were no longer needed. Still never received an email.
Nice. I forgot to mention talking to a few listing agents. Most do buyers also. Pm me the Zillow if you are cool with it. Would love to see the prop. GL.
Not much reason for many to use. Payments are due in full immediately after the 3 months. That said maybe you could negotiate something different. Did your tenant stop paying rent?
There's no set deal. Its whatever you can negotiate with your lender. So if you need it, negotiate for the payments to be added on to the end.
Pretty sure this is not the case unless you simply dont bother to try to do better than that.
Can you unpack this? I'm interested in tracking some vacation properties in a very specific area/street. There are 32 properties total. What's the best way to track if/when one becomes available?
If you were looking for something in my mls area, you could give me those criteria and I would set you up on an auto search. Anytime something meeting your criteria hit the market you would receive an email.
There are some apps that allow you to take your finger and draw a circle around the area you want to search. Can't remember which ones. A RE agent can do this easily.
So no way for your average Joe to setup an alert? Not really looking to get a RE agent involved. Mostly for my own curiosity and to get an idea of the market.
You can actually do it in Zillow. Just do a search and then on the map view, just select "Draw" and you can circle the area you're interested in tracking.
Inventory in Boise is down 44% from this time last year. That's insane because last year was like 60% down from 2010.
They just can't keep up with the almost zero new construction for the five years after the last recession . Still very far behind.
My mom works for a concrete company that does all the foundations and driveways for Ryan/Envy homes and she says they are as busy if not busier than they have ever been. They are drowning in $$$$.
My town has doubled its number of building permits as well as construction value over the past year.
Sales are still down big YoY. More competition, less inventory, super low rates is an explosive combination... Those in market are in fierce battle. Also, important to note, the bar from May was super low, so June was going to be a big jump MoM, especially as shelter in place orders were removed. It's tough sledding out there for homebuyers right now in quite a few markets.
People just don't get this. I posted metrics up thread that showed the requirements for a housing market drop. Covid just increased the demand.
I have a client now like this. I've told her about this and the fact that people from everywhere are moving to Boise. CA is just 24%. And her response is what about the election? What about a recession? She'd be putting down $100k on a $300k home and having a payment of $1000. Not risky at all.
I'm trying to get as much mortgage debt secured as possible at these rates. I don't care if prices drop, you don't lose money until you sell. I sold a place last year that I bought at $70,000 in 2004 and fell to $35,000 in 2010. Sold at $120,000 after deducting renos last year. Never spent a dime out of my pocket over that time and only had $7k invested in it.
You can certainly try, but in that scenario, why wouldn't the homeowner just put the house on the market?
I agree. Not sure if the "mortgaged owed" is accurate or not. Seems odd that anyone with equity would foreclose, but it happens.
More than likely the house is not in any condition to warrant full asking price/market value.
I was talking hypothetically, but yes, we can close quickly. I will not make anyone's payments.
