Its not just lumber that's increasing, you millwork products have also risen more than 50% over the last year and is continuing to jump 5-10% a month. Plywood, siding, nails, insulation, felt etc... is following suit as well. Until we have a market correction there is no reason this pricing direction will change.Just wait. Lumber price will jump another 7-10% next week.
Its not just lumber that's increasing, you millwork products have also risen more than 50% over the last year and is continuing to jump 5-10% a month. Plywood, siding, nails, insulation, felt etc... is following suit as well. Until we have a market correction there is no reason this pricing direction will change.
We didn't request it this time, buyer offered. We were planning to request it as the first buyer couldn't get the loan and took our house of the market for a month. That'll make a dick out of me. If you have your stuff together and are serious, it's not a problem. We offered and paid it on the house we're in now.I guess that depends on if the seller wants to be a dick about it...
Just watch your ass.I only put earnest money, my agent's plan, I do computer shit, I hired an agent to do real estate shit, I do what he says
Hypothetically, if a developer wanted to buy your chunk, they may ask for a dd to go through a zoning change or something similar, to do w what they care to build.thats what i did, i didnt know what dd was. of course my offer was denied hahah but the house is still for sale
Just watch your ass.
Many agents say, after you get a fuckin, they work for the sale, not you.
Be vary vary involved.
Saying I do what he says, can leave you open for the fuckin.
Family and friends will fuck you over for 100 bucks, that twit of an agent will fuck you in a heartbeat for a quick commission.
Don't get your feathers ruffled and congrats in the new home purchase.its a sentence on a forum and does not include great details, I am not a complete idiot, but thanks for the advice.
I see nothing wrong with giving 1% earnest money in a house deal right now. I added verbiage to the contract that spells out the terms I would get it back under. Exceeds what I am going to discuss here.
We all have our own experiences and opinions. I suggest you spend more time interviewing and researching agents, I have found some great ones.
I also sold my last house as a FSBO and did the deal without a real estate agent on either end. It was person to person, so no, you don't NEED one, there are other options. Use the right tool for the job, advice that has never failed me
This is how I purchased my home.
I don’t get it. Why sell your largest asset in a sellers market and give away 6%?
When I hear about realtors calling home owners looking for inventory I really don’t get why you need a person to take 6% just to talk to other people.
I talk to you guys all day for free.
I’m looking forward to a deal from a bank sale in a year or so from now.
It’s all reruns on the news these days lol
Having just gone through the mortgage process
and having done it several times in the past
I have never seen so much information required and so much scrutiny over giving a loan
before you jump to conclusions, I am probably one of the easiest people in the world to qualify for credit (not giving my details you will just have to trust me)
I don't believe they are giving loans out to people that can't afford them today. When I asked why they are being so rediculous with documentation these days, they said covid
I’ve been in the market for a 325k-400k 3-4 bed on a few acres for quite some time. Had one pre covid but lost it because my wife lost her job. (Because of covid) we could have swung it but it would have been pretty tight. Anyway after looking for the last 8 months, I just bought a 3 bed townhouse, going to live there for a year and hopefully the market will settle down and I can get what I want without paying 65-80k over ask. We plan on renting the townhouse after we moveI’m looking forward to a deal from a bank sale in a year or so from now.
It’s all reruns on the news these days lol
So for no real reason that house is worth 20% more than 8mo ago?
Maybe, but I’m just not enough of a gambler.
We have no inventory here and they are building on every last blade of grass.
House prices are insane. If you had told me when I looked at the house we ended up buying years ago that it was this current market value, I would have turned right around and walked out.
I am also getting an increasing amount of mailers and realtors trying to tell me to sell my house because I can get basically 3 times what I paid for it. The next one that bothers me with this shit is getting told I'll list with them, and I want something like 20 times the market value as the listing price.
Out of curiosity, what percentage did you and they find fair?everyone's situation is different. I need agents this time for reasons I am not going into here.
You are a FOOL if you pay 6% in the current market
Houses sell themselves right now, the agent doesn't have to market it much, ask them to take a lower percent and see what you get. I did.
Maybe I mis-read what you are getting at. Bank Sale implies a foreclosure, no?
The dollar is worth a lot less now than before Xiden took office is one reason
Materials costs are through the roof is another, any new house being built went up 30% or MORE since a year ago
Interest rates are really low, that drives the price of houses up
Demand (covid etc) is through the roof
There are lots of reasons, I gave 4 off the top of my head
My point back to you is, in order for there to be a 'bank sale' that means the bank foreclosed because someone didn't make their payments. Mortgage companies are only giving loans to qualified people right now, not like years ago where they gave them to anyone that asked even if they didn't qualify.
Even if my house loses $100k in value, I am going to continue to make payments on it. I need a place to live, so no bank sale. Sure there will be some people that lose their job and shit happens, but that is everyday, not just now.