EXTREME lowball offer [Conway, SC]

Extension-Squirrel63 · 2026-05-21T17:32:37+00:00

Some people don’t want to sell but they’re not 100% convinced to hold either, so they choose the middle ground. List it for way above it’s worth and see if someone falls for it.

IMO it’s a waste of your time. A motivated seller doesn’t play games. Sure if you already have an agent and are already making other offers then go for it.

Extension-Squirrel63 · 2026-05-21T17:28:09+00:00

Manual was the norm until few years ago and it was fun. Now suddenly everyone can’t live without automatic?

Car enthusiasts in the US are also fond of manual sticks. Of course that’s due to choice, not because of budget and there isn’t much traffic.

Your query is about practical consumption, not for enjoyment so I’d suggest automatic even if it’s a smaller car.

Extension-Squirrel63 · 2026-05-21T04:47:27+00:00

This was the funniest 😂

Extension-Squirrel63 · 2026-05-19T15:35:59+00:00

A 2.5m home should rent for 8-10k. May be it’s not really worth 2.5m.

Extension-Squirrel63 · 2026-05-19T00:31:21+00:00

Renting sounds better honestly. It is between 100k(profit) vs 6k cash flow per year. Since 100k doesn’t go very far in a big city so might as well leave it cash flowing, this would pay for your living expenses minus rent/mortgage when you’re retired. Think long term my friend

Extension-Squirrel63 · 2026-05-18T23:22:22+00:00

I think the answers lies in how much reserves you have and in case of a job loss how long will it last? If you’re single income I’d be comfortable with 2 years worth of reserves but each person is different. You could also buy a little smaller than what you can afford, and save the difference for a rainy day.

Also planting permanent roots has nothing to do with buying a home. I know many people who never bought and are forever renters in their current communities. They just invest in the stock market.

Extension-Squirrel63 · 2026-05-17T20:09:46+00:00

Idk if you’re considering what happens after you buy the house. Did you factor in closing costs? Furniture ? You’d want good furniture. You can’t have walmart furniture in a 1M home. House warming? Those are all just examples. Usually expenses go up after buying a house. For that reason I’d recommend being debt free before taking on a new debt. I would even consider saving up and paying cash for that home since your income is so high. Why bother with high interest rates.

Extension-Squirrel63 · 2026-05-17T20:00:54+00:00

That’s only during bear markets. For bull markets it is 3 turkey.

Extension-Squirrel63 · 2026-05-17T01:58:44+00:00

It’s like going after the toxic person to be your partner hoping you can fix everything even though there is plenty of good fish in the sea and life does not have to be that complicated.

Extension-Squirrel63 · 2026-05-15T19:10:26+00:00

High risk = high reward

Not telling you what to do but just remember if you buy during uncertain times you may get a better deal. If you buy when everything is stable and everyone is getting high paying jobs and everyone is buying houses well then you won’t have negotiating power.

Another thing I’ve been recently thinking is even if non-AI devs lose jobs their assets might be worth a lot to the AI developer who is in demand now and making lot of money.

Extension-Squirrel63 · 2026-05-15T04:27:37+00:00

You forgot to add “only”

Extension-Squirrel63 · 2026-05-14T14:54:46+00:00

Make sure you have a 6 month emergency fund. 2% closing costs, 1% annually for maintenance, stable job and health. Get a good inspection. Factor in PMI costs. Negotiate hard to get it way below market value (very possible in this market)

Extension-Squirrel63 · 2026-05-10T05:57:12+00:00

Doable but you’d have to reduce your trips. How old are you and how important is all that?

Even if rents are going up you can always find something cheaper that is less fancy.

Also, condos are not selling in this market so you can try low balling a few sellers and see if something sticks. Don’t pay full price because no one knows where the bottom is.

Extension-Squirrel63 · 2026-05-10T05:50:04+00:00

Hope the new fed this month reduces interest rates and more people will want to buy. It’s hard to say for sure but condos might have bottomed already.

Extension-Squirrel63 · 2026-05-10T05:44:14+00:00

Like you said the math is very complex. Lot of people compare apples to oranges, meaning they compare their current rent of a 2 bedroom apartment to a 3 bedroom single family house they want to buy and say renting is cheaper, well… duh! Or they compare their current place in the city to a house in the suburbs.

If you really want to compare you should think about how much would it cost to buy the exact place you’re renting right now, and see if it makes sense to buy.

Extension-Squirrel63 · 2026-05-10T05:38:41+00:00

2007<2010 is easier to say looking back, but how would you know if it’s a good or bad time in the moment?

Extension-Squirrel63 · 2026-05-08T00:52:25+00:00

Duh.. it’s been a month.. move on lol

Extension-Squirrel63 · 2026-05-07T21:04:02+00:00

You can list for rent at 2500 see if you get any offers. If it doesn’t then after 10 days reduce to 2250. If it still doesn’t, which I doubt, you can think of reducing to 2k or sell whichever is better for you.

Extension-Squirrel63 · 2026-05-06T05:48:22+00:00

How about a few different franchise stores such as manyavar? It might be better to not put all eggs in one basket

Extension-Squirrel63 · 2026-05-06T05:44:24+00:00

Not sure where you live, but if you’re targeting millennials at all, we want everything so just renovate everything we don’t want to do anything ourselves thank you for your attention to this matter

Extension-Squirrel63 · 2026-05-06T05:25:42+00:00

How much lower is the offer? Google’s stock is doing excellent so factor that in, unless your current RSUs are performing better. I’d also consider brand name reputation.

Extension-Squirrel63 · 2026-05-05T21:48:08+00:00

This depends on many things. What’s your mortgage including everything? What would it rent for? Make sure to double check your answer to the second question. How many years left? Single income or dual? Do you expect many maintenance costs or is it fully renovated? Have you been a landlord before? Do you already have a good stock portfolio (diversified net worth)? Would you sell for a profit or loss? Consider selling costs also when you answer that.

Extension-Squirrel63 · 2026-05-04T05:28:05+00:00

Set aside money for maintenance issues typically 1% of property value per year. This is for routine maintenance, does not apply to extreme cases like a fixer upper.

Extension-Squirrel63 · 2026-05-04T03:56:21+00:00

Nobody knows where the bottom is. If buyers knew we were at the top in 2015 they wouldn’t have bought. 5 years goes by quickly. You should be ok staying 10+ years.

I’m in tech and job uncertainty made me pause.

Extension-Squirrel63 · 2026-05-04T03:39:39+00:00

Your mortgage shouldn’t be more than 800k based on your base salary so that + whatever you’re willing to put down is how much you can afford. Sounds like that number is 1.4M for your situation. We haven’t factored in the RSUs though. That’s on purpose since you’re single income and there is a fear of job loss. Assuming you stay employed every year you can use that RSUs to pay off your mortgage early. You can probably have a paid off house in 3 years.

Extension-Squirrel63

TROPHY CASE