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CU Medallion [66039]
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Welp robertn sold his house in a day, literally
Apr 1, 2021, 11:28 AM
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so I called up my friend who is an agent, to list ours, you know, for the heck of it. Called him at 7:38 this morning. We now have three showings today. Wife of is pissed because she has to get it ready AND be out of it by 2PM.
This housing market is crazy
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Oculus Spirit [85301]
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For real?
Apr 1, 2021, 11:31 AM
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People realize if they sell something, they then have to buy something, right?
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Oculus Spirit [75714]
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Not all the time.***
Apr 1, 2021, 11:33 AM
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Oculus Spirit [85301]
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2nd Mauldin T April 1 post?
Apr 1, 2021, 11:34 AM
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Is Ryanadidas even injured??? Do I need to cancel the amazon order?
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Oculus Spirit [75714]
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Oh yeah, Ryanadidas needs your prayers it's true.***
Apr 1, 2021, 11:35 AM
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CU Medallion [66039]
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All-In [49031]
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Someone needs to let him know that
Apr 1, 2021, 1:10 PM
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George Sink and all those guys are posers and he needs a real lawyer.
Like Spooneye...
Who will get a healthy referral for referring the case to me.
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All-In [46816]
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No you don't. You can always rent at the point on Folly
Apr 1, 2021, 11:35 AM
[ in reply to For real? ] |
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for 8 years thinking housing prices are going down.
lulz
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Oculus Spirit [81049]
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And get to live in Folly for 8 years
Apr 1, 2021, 11:37 AM
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While you're living in BFE.
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CU Medallion [60034]
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he can’t comprehend this
Apr 1, 2021, 11:40 AM
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You should know by now.
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Oculus Spirit [81049]
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I know..I don't know why I even try.
Apr 1, 2021, 11:59 AM
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Last night we walked down to the beach with the dog and watched the storm roll in and lightning over the water.
It's worth every penny of the rent I pay.
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All-In [26692]
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CU Medallion [56059]
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Therein lies the rub.
Apr 1, 2021, 12:03 PM
[ in reply to For real? ] |
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My plan is to sell this spring and live with family for a couple months. Hoping things will cool down a bit by summer (ironical) and we'll be able to make an offer without a contingency. There's no way we could buy and sell at the same time in this market.
Things may be getting a little less crazy. Used to be I'd favorite a house on Zillow and within 48 hours it'd be under contract. Now they last a week or two. Still not super terrific, but it doth bode well.
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Oculus Spirit [81049]
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Interest rates are going up
Apr 1, 2021, 12:13 PM
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That will slow down a lot of the investors/flippers who don't really have any cash. Not to get too political, but some of the upcoming presidential decisions will begin to cool the economy as well.
We talked about it last night--we're going to continue to rent here until at least next March, unless the owner sells it to us first. I'm always looking, and if something good comes along I may buy and rent it out like I was going to do in February. Rental rates in part of our area have skyrocketed. The plan was to buy another house, and rent it out for more than I'm paying here. Otherwise, I'm sitting on the house money for the foreseeable future.
I should take a JohnFBell®stock tip one Monday morning, dump all my cash into it and sell later that week, and buy twice the house I originally planned for cash.
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Oculus Spirit [85301]
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You must have missed my down 11% post***
Apr 1, 2021, 1:05 PM
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Oculus Spirit [81049]
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link?***
Apr 1, 2021, 2:53 PM
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All-In [36450]
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All-In [42865]
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Re: Welp robertn sold his house in a day, literally
Apr 1, 2021, 11:32 AM
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Oculus Spirit [75714]
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OHHH LOOK AT ME I'VE GOT EQUITY!***
Apr 1, 2021, 11:32 AM
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CU Medallion [66039]
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It's spelled equality and, yes, all Americans have it***
Apr 1, 2021, 11:35 AM
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Oculus Spirit [75714]
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While this made me giggle, take a lap.***
Apr 1, 2021, 11:36 AM
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All-In [38514]
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I've got a friend who has been looking in the
Apr 1, 2021, 11:43 AM
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Anderson/Clemson area. He's been both shocked by the prices and how many houses sell within the first day or two. He was shopping on his own and wasting his time and finally had to find an agent to find suitable house as soon as they were listed. He finally found one last week where he had to beat 12 other offers on the first day or two.
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Oculus Spirit [85301]
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I had a friend flip a house in Anderson
Apr 1, 2021, 11:48 AM
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and it sat on the market for 6 months before they gave up and bought it themselves. I think they closed in January.
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CU Medallion [66039]
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Oculus Spirit [81049]
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I have... in 2005-2007***
Apr 1, 2021, 12:03 PM
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Lot o points [163012]
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Yep. I gotta friend looking in NC - south of Asheville
Apr 1, 2021, 12:04 PM
[ in reply to I've got a friend who has been looking in the ] |
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cannot find a house. Started at $500k now looking at $600+ for around a 2,500 sq ft house. Stuff he sees is crapola. Nothing there, but when anything shows up, it is sold that week, if not within a day.
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Oculus Spirit [85301]
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Oculus Spirit [81049]
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All-In [31448]
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Only $1100/ft2??? I'm sure we can find higher in the OV***
Apr 1, 2021, 2:55 PM
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Oculus Spirit [81049]
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That one was on VRBO for a while.
Apr 1, 2021, 3:01 PM
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On a king tide, its literally on the water.
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Orange Blooded [4701]
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Yeah, my house would be on the market if I had a place
Apr 1, 2021, 2:43 PM
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to go. Same house plan as mine just sold in my neighborhood for 209% of what we paid in 2013.
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Oculus Spirit [81049]
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But like you said, where will you go?
Apr 1, 2021, 2:52 PM
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Unless you are moving further inland somewhere, prices aren't going down.
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Orange Blooded [4701]
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I live on a golf course. I'd like to be on the intracoastal.
Apr 1, 2021, 3:00 PM
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But you can't buy a lot or a tear down for under $1M anywhere near water these days.
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Oculus Spirit [81049]
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The last house I saw that sold on Sullivans for under a
Apr 1, 2021, 3:14 PM
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million $$ is right on Ben Sawyer blvd going into Sullivan's, and I think it's about 600-700 ft^2. They did a nice job on it, but its a little bitty thing, and that was in 2019. The cheapest lot I can find on Sullivan's is 1/3 acre for $1.75 million.
There was a house 2 doors up from me on IOP that went up for sale a few months ago they were asking $715K, and it sold for $663K. It's a 2 BR, 1 bath original JC long house from the 60's. I looked at it, and it was a complete tear down. And then if someone buys it and tears it down (or do more than 50% renovation) it has to be elevated, and then built to to new storm and building codes..which means you'll be into it for another $500-$800K--just for the house. I'm not sure how buying that place really made sense; I looked at it but couldn't make any numbers work.
One day I'll probably end up living in Pelzer in a concrete block shack for $400K.
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All-In [31448]
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Re: The last house I saw that sold on Sullivans for under a
Apr 1, 2021, 3:17 PM
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Resale market in MI is so absolutely ridiculous right now and inventory so low that we basically had no choice but to build. On top of that, every estate lot is being grabbed up at breakneck pace, so we basically had to build RIGHT NOW too.
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Oculus Spirit [81049]
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I don't understand how this market is sustainable.
Apr 1, 2021, 3:21 PM
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Every realtor I have spoken to is saying the same thing. At some point this tulip bubble is going to pop.
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Orange Blooded [2999]
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So yeah, I got lucky with the market. Sold in 36 hrs, then
Apr 9, 2021, 2:46 PM
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found something built 3 years ago for $100/sqft. Our offer was accepted.
Oh crap, wrong scok.
Did you sell yours MauldinT®?
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