What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

How's your housing market? (1 Viewer)

flapgreen said:
Been looking since last September. Put in our first offer on a home this past weekend in the Nashville area but higher offer from someone else was accepted. Now have an offer in on another home but dealing with these Open Door idiots is a nightmare. 
Click to expand...
Why.. haven't used open door but a similar service in the past and it was painless.

 
I just bought a house. People were asking astronomical prices thinking it was last summer and tons of houses just sitting there with several price drops along the way. The house we bought was listed at 690k in November and dropped two times eventually down to 649k in Feb. We saw it in Feb and put in an offer well below asking price before finally meeting at 620k. Im sure the time of year helped but things have settled down in my area. 

 
Last edited by a moderator:
Market here is bananas. B-A-N-A-NA-S

I sold my house in one day without even putting it on the market for about $10k more than we were going to put it up for. $10k more than 6 months ago and $50k more than 2 years ago.

B-A-N-A-N-A-S

 
Mr.Pack said:
Market here is bananas. B-A-N-A-NA-S

I sold my house in one day without even putting it on the market for about $10k more than we were going to put it up for. $10k more than 6 months ago and $50k more than 2 years ago.

B-A-N-A-N-A-S
Click to expand...
Where you located?

I just sold in Columbus, OH (suburb), after purchasing the house in 2011. The market is so buyer heavy right now, I made a huge profit. My agent told us that typically there are over 12,000 houses on the market in central OH but right now there are about 3,000.

We are moving out of state, so it was perfect for us.

 
I thought prices were cooling somewhat here, but they still seem pretty hot. We got a house 5 years ago when the market was somewhat recovered already, and it is still worth about 70% more today averaging the imaginary cost zillow and redfin give it. My wife really wants to look for something a little bigger once our kids are too old to share a room, but I am afraid between interest rate changes and tax stuff it will be disproportionately pricey. I suppose there is always remodeling, but we just looked at getting a bathroom done and it was insane, I cannot imagine how much it would cost to substantially change a house's size and layout, though that might be what we need to do anyway in a few years. Just browsing this thread makes me super jealous of what people are getting for what price. 

 
Last edited by a moderator:
Beef Ravioli said:
Where you located?

I just sold in Columbus, OH (suburb), after purchasing the house in 2011. The market is so buyer heavy right now, I made a huge profit. My agent told us that typically there are over 12,000 houses on the market in central OH but right now there are about 3,000.

We are moving out of state, so it was perfect for us.
Click to expand...
A suburb outside Milwaukee, WI

 
Here they put things 20% or so under market rate to get a ton of interest, so every house goes for 20-50% above asking. At least 5 years ago every house we placed a bid on had like 50 others.

 
Last edited by a moderator:
Sold ours a few weeks ago. Cash offer, no inspection, no appraisal. Done 10 days after offer. It was for a bit less (5%) than we were asking but considering we already bought a new house and had moved out, and they waived everything it was an easy decision. 

Part of me wonders if we held out for asking if we would have had it by now but everything worked out great for us. 

 
Last edited by a moderator:
flapgreen said:
Been looking since last September. Put in our first offer on a home this past weekend in the Nashville area but higher offer from someone else was accepted. Now have an offer in on another home but dealing with these Open Door idiots is a nightmare. 
Click to expand...
Under contract! 2600 Sq ft for 350k and has a pool. :hifive:

 
Signing a contract today to sell our house (suburb north of Dallas). Listed last week, got the first offer three days later (97% of asking) and a full-price offer the following day.

Our realtor said she's starting to see lots of price reductions from homes priced above ours. 

 
Blue Dot Orange Dot said:
Signing a contract today to sell our house (suburb north of Dallas). Listed last week, got the first offer three days later (97% of asking) and a full-price offer the following day.

Our realtor said she's starting to see lots of price reductions from homes priced above ours. 
Click to expand...
I think this is where a good realtor earns their $, knowing the price sweet spot is so important. Once a house sits for a while everyone starts wondering why which leads to it sitting longer. The right price out of the gate is key IMO. 

 
so, i paid off my mortgage and am using my equity for my new italy place prior to next year when we sell our house.  got an appraisal as part of my application and we appraised at $158/ sq ft, on 2593 for $410k.  this is without a sales contract, so i am assuming if i had a contract for 420-430k the appraiser would’ve found a way to make it work.  pretty excited, as i thought i’d be more 389-$399k.  hoping for a bit more appreciation and nothing crazy market wise for 1-2 years.

 
Chemical X said:
so, i paid off my mortgage and am using my equity for my new italy place prior to next year when we sell our house.  got an appraisal as part of my application and we appraised at $158/ sq ft, on 2593 for $410k.  this is without a sales contract, so i am assuming if i had a contract for 420-430k the appraiser would’ve found a way to make it work.  pretty excited, as i thought i’d be more 389-$399k.  hoping for a bit more appreciation and nothing crazy market wise for 1-2 years.
Click to expand...
Did you sell the old Italy place or are you going to try to acquire the whole town? 

 
Kraft... said:
I think this is where a good realtor earns their $, knowing the price sweet spot is so important. Once a house sits for a while everyone starts wondering why which leads to it sitting longer. The right price out of the gate is key IMO. 
Click to expand...
This is spot on.  when I list for $5k under market, I get bidding wars and net the seller more than they thought they would get.  Listing price should be set at getting the most bodies through the home that first weekend. The market will take care of the price.

 
Kraft... said:
I think this is where a good realtor earns their $, knowing the price sweet spot is so important. Once a house sits for a while everyone starts wondering why which leads to it sitting longer. The right price out of the gate is key IMO. 
Click to expand...
The night before we listed we increased our asking by $10K. Our realtor checked comps one more time and the market had shifted slightly. We priced near the upper end of the range and had an open house that same weekend. Traffic wasn't great the first day due to ugly weather all day but the next day was packed for two solid hours.

We didn't want to list too high and plan on lowering because that just ends up netting less than if we'd started lower to begin with.

 
Blue Dot Orange Dot said:
Signing a contract today to sell our house (suburb north of Dallas). Listed last week, got the first offer three days later (97% of asking) and a full-price offer the following day.

Our realtor said she's starting to see lots of price reductions from homes priced above ours. 
Click to expand...
Exactly thr same here. Got 97% of asking cash offer that was offered on second day of listing. We were under contract for our next home contingent on selling the current one so we accepted. 

 
Rates are awesome right now. Dropped since Nov and are at about 1 year lows. I have seen some good activity with application/purchase activity in the area. 

We bought our house in 2012 and it has appreciated at about a 6% annual percent growth rate over the period of time. 

One of my realtor partners posted some information from NAR expecting about 6% increase in valuation for the state of Illinois as a whole. Seemed high to me a few months ago but with rates continuing to decline and holding fairly steady right now that might energize the activity to that increase again this year. 

 
Chadstroma said:
Rates are awesome right now. Dropped since Nov and are at about 1 year lows. I have seen some good activity with application/purchase activity in the area. 

We bought our house in 2012 and it has appreciated at about a 6% annual percent growth rate over the period of time. 

One of my realtor partners posted some information from NAR expecting about 6% increase in valuation for the state of Illinois as a whole. Seemed high to me a few months ago but with rates continuing to decline and holding fairly steady right now that might energize the activity to that increase again this year. 
Click to expand...
Yes. We got pre-approved last fall for 4.2 on a 15 year fixed. Had to reapply a month ago after finding a house and ended up with 3.65. I was expecting more. 

 
I was clearing out some old stuff last week and found a realtor's card from around 1990 with payment factors with interest rates from a low of 7% to a high of 16.5%.  And people worry about paying 5%.  

 
Chemical X said:
so, i paid off my mortgage and am using my equity for my new italy place prior to next year when we sell our house.  got an appraisal as part of my application and we appraised at $158/ sq ft, on 2593 for $410k.  this is without a sales contract, so i am assuming if i had a contract for 420-430k the appraiser would’ve found a way to make it work.  pretty excited, as i thought i’d be more 389-$399k.  hoping for a bit more appreciation and nothing crazy market wise for 1-2 years.
Click to expand...
Since 2019 county raised the tax value on my house 14k than another 25k this month.  

I heard the entire area was getting hit for tax revenue.

 
D-Day said:
I was clearing out some old stuff last week and found a realtor's card from around 1990 with payment factors with interest rates from a low of 7% to a high of 16.5%.  And people worry about paying 5%.  
Click to expand...
Realtors trying to play loan officer.... bane of my existence.

 
We are looking to capitalize on our gains in North county SD by selling soon.     Everything is overvalued here.   I expect a mini recession as early as 2020 and I want to get ahead of that.

 
TripItUp said:
We are looking to capitalize on our gains in North county SD by selling soon.     Everything is overvalued here.   I expect a mini recession as early as 2020 and I want to get ahead of that.
Click to expand...
You moving outta SD?  Otherwise your just buying “overvalued” 

 
dkp993 said:
You moving outta SD?  Otherwise your just buying “overvalued” 
Click to expand...
Renting.   But also contemplating a partial move to Vegas or Arizona  to avoid the ca taxes altogether.  The tax differences would make our new mortgages virtually free.  Total savings over 100k per year.

my property taxes alone are 22k this year...that’s just my property taxes.

 
Last edited by a moderator:
Walking Boot said:
State And Local Taxes, which used to be fully deductible on your federal income tax, but are now capped at $10K. Any tax over that amount is not tax deductible on your federal 1040.

(My SALT luckily came in at just $10,020 last year, and I'm still early in a mortgage and have a lot of interest to deduct too. Now that the standard deduction for individual filers has been raised to $12,000 I'm coming out ahead of that, but, as the curve changes I'm going to have to keep an eye on where things go from here)
Click to expand...
Lucky.  I got murdered.  Paid significantly more in taxes due to it.  

 
Chicago area is solid. Like most places low inventory. It hasn't seen the valuations other markets have so I don't see any major corrections in the near future.

 
flapgreen said:
How's the market? 
Click to expand...
SF Bay Area/Marin crazy as always.

Another data point for SoCal/ThousandOaks area: my parents are seeing mobile homes listed in that area for $150-$200k!  Those are some VERY volatile kinds of properties, so it's scary to see those that high (a price history example they saw on realtor.com for a unit was $79k in 2001, $42k in 2009, and now $179k right now. Yowza)

 
According to Zillow, my current home estimated value is back at its peak, recovering from a major dip back in 2016. This is in Los Angeles county. Their estimate isn't far off recent sales of comparable properties in my neighborhood.

 
Last edited by a moderator:
joey said:
SF Bay Area/Marin crazy as always.

Another data point for SoCal/ThousandOaks area: my parents are seeing mobile homes listed in that area for $150-$200k!  Those are some VERY volatile kinds of properties, so it's scary to see those that high (a price history example they saw on realtor.com for a unit was $79k in 2001, $42k in 2009, and now $179k right now. Yowza)
Click to expand...
Holy ####. A trailer for 200k? Omg

 
joey said:
SF Bay Area/Marin crazy as always.

Another data point for SoCal/ThousandOaks area: my parents are seeing mobile homes listed in that area for $150-$200k!  Those are some VERY volatile kinds of properties, so it's scary to see those that high (a price history example they saw on realtor.com for a unit was $79k in 2001, $42k in 2009, and now $179k right now. Yowza)
Click to expand...
My mother lives in Moorpark in a mobile home. They are listing for $150K range for sure.

 
Chadstroma said:
My mother lives in Moorpark in a mobile home. They are listing for $150K range for sure.
Click to expand...
Exactly. The one I was referring to is in Newbury Park, which is just 10 miles south of Moorpark. Same thing really. I think it just shows how tough the housing market is in parts of CA, making mobile homes the only "affordable" options in the SF and LA areas.  
 

my in-laws bought a mobile home 6 years ago in Rohnert Park, CA (45 north of SF). Paid $50k and now Zillow (fwiw) puts its value at $190k. Yowza. 
 

 
You must log in or register to reply here.

Similar threads

Mark Wimer
Injury Recap, All 32 teams Offensive Skill positions
2 3
Replies
100
Views
15K
DenverBlitz
D

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top