Yep, this is what I mean. Interest rate hikes will slow things down when they do the .75-1.0 percent raises like they say they will. They are already doing.50 increments.
But most of the industry folks don’t think it will come crashing down
I think I replied too hastily, meaning that as an agent and Broker of Record, of course I don’t want to be involved in anything unethical. I don’t recommend or condone someone outright lying about their offer, but I do agree with you about going by the books and laying all offers on the table...
I’ve had clients do this. I don’t consider it unethical really, because buyers are free to change their mind whether they want to pay cash or finance. The problem is meeting the escrow timeline. The quickest I’m seeing financing take place and get approval is about ten days give or take...
Yep, I had clients from California buy a house last fall in Eagles Landing country Club area. Site unseen, and only saw pictures. We had to beat out 17 other offers. We got it by going 50 k over ask and removing all contingencies. And they were happy to do it. Crazy times we are living in.
It will cool down, but no one should expect the prices to fall drastically. We are in year 4-5 past a ten year real estate cycle. Unfortunately I think the prices are here to stay
Agree with this statement. We are walking a fine line right now between the large amount of buyers in the market and the relatively low inventory of homes. In a lot of instances right now, it’s cheaper to buy a lot and build than to buy a ready-to-go finished product, depending on if you are...
Real estate agent here......definitely no representing both sides going on in residential, as someone mentioned. Commercial deals happen a lot where one agent represents both sides, but that's disclosed and a different animal altogether.
Prices are sky high due to buyers from CA, NY, New...
Speaking of Florida Man......have any of you ever played the Florida man game? (You type the words “Florida Man” followed by your birthday, into Google Search, and post what headline comes up..... it’s pretty funny/entertaining.
I agree.... I’ve been a member of the site for 10 years, since the founding. Knock on wood, but I’ve never been stood up or ghosted on a meet. I just make sure that the new members meet close to me. I don’t do a lot of transactions , as you can see from my stats. The ones I do, I’m pretty...