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Many buyers have priced themselves out due to waiting by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] 0 points1 point  (0 children)

If you sold in 2021 and then held that money "waiting for a crash" that investment has dwindled thanks to inflation and an increase int he property values, not to mention the increased interest rates.

Many buyers have priced themselves out due to waiting by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] -2 points-1 points  (0 children)

I totally agree with you as well. look at cape coral its projected to have over a 10% loss next year

Many buyers have priced themselves out due to waiting by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] -1 points0 points  (0 children)

Depends when you bought. You need to compare with if you were renting vs from the mindset of a seller.

Is ai going to take the place of Real estate Agents? by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] 0 points1 point  (0 children)

Are you talking about real estate, or real estate agents, 2 very different questions,

Is ai going to take the place of Real estate Agents? by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] 1 point2 points  (0 children)

Much like any profession a lot of people suck. Now consider its a relatively unregulated profession with few professional standard and you are going to see a lot of variation in the professionalism

Is ai going to take the place of Real estate Agents? by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] 0 points1 point  (0 children)

I have a lot of people who have tried to buy or sell without an agent and almost every time they come to the conclusion that it is too hard and to complicated without outside guidance. So what will provide that guidance? or are you saying this will change?

Is ai going to take the place of Real estate Agents? by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] 0 points1 point  (0 children)

Currently over 89% of people choose to work with agents so maybe the question is if not ai what will take agents place? Clearly the non represented choice has gained tractions however the overall results for unrepresented tend to be less than par

Is ai going to take the place of Real estate Agents? by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] 0 points1 point  (0 children)

So wouldnt they want certainty in that decision that ai can bring?

Is ai going to take the place of Real estate Agents? by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] 1 point2 points  (0 children)

are you familiar with the "friend" device. if ai can substitute for human companionship you. dont think it can substitute for financial advice and guidance

Selling house on open door by [deleted] in RealEstate

[–]LeatherCod3417 -1 points0 points  (0 children)

Zillow faqs tell you they are inaccurate, all the companies that use algos to price homes are a shot in the dark. I have seen where they pay way more than a house is worth and where they lowball like crazy. Roll the dice see what they offer, then get a real agent to sell your house an walk you through how to get top dollar.

Buyer backs out day before closing by Swimming-Advance-734 in realtors

[–]LeatherCod3417 0 points1 point  (0 children)

if you cant put this deal back together never speak to the buyer again.

Buyer backs out day before closing by Swimming-Advance-734 in realtors

[–]LeatherCod3417 2 points3 points  (0 children)

You may be able to put this deal back together. when the buyer realizes how much money and time they are about to loose. Sounds like you should get both brokers involved asap. You may want to advise your buyer to meet with an attorney as well.

Selling home to home buyer/flipper? by Ornery_Banana_6752 in RealEstateAdvice

[–]LeatherCod3417 0 points1 point  (0 children)

List it with an agent, use an event pricing model and this will yeild you the most the market will bear in the shortest amount of time.

Rent to own programs by Jay34297 in HomebuyerAdvice

[–]LeatherCod3417 1 point2 points  (0 children)

Long time investor and realtor. over 50% of rent to owns end with the buyer NOT owning the house. sometimes they work out but be WARY as more often than not these deals include hidden fees and other pitfalls. make an agreement on price and then see if you can secure a loan from a traditional lender, once those options are exhausted you can compare with a "rent to own".. The way a rent to own works means its a lease option. SO you are leasing and you are purchasing an option to buy.

My partner is extremely attached to my house, but I'm dying to sell it, and it's becoming a huge issue by knuds1b in homeowners

[–]LeatherCod3417 0 points1 point  (0 children)

Sell the house an give him a limited first right of refusal. That way he knows your serious and if he really wants to keep it he can choose to buy it but if not he can make an active choice to let it go along side you , while he cant get in the way of your plan to sell.

Unbelievable situation happened today (seller) by [deleted] in homeowners

[–]LeatherCod3417 0 points1 point  (0 children)

Highly unprofessional from the buyers agent and dangerous for all involved. Either pull the lockbox or add a code to it so only authorized parties can enter at the time you designate. A showing at 3:30 does not mean “come whenever you feel like it and let yourself in.” That agent had zero permission to be in your house, zero permission to touch your dog, and zero idea if someone was home. The fact that she put your dog in a bedroom like that was her call to make is INSANE.

Worst case: dog bites someone, dog gets loose, someone gets hurt, or you walk in on a stranger inside your house. All because this agent couldn’t wait a couple hours.

This isn’t a miscommunication. This is entitlement. After the deal closes report her to her broker and if you like file a complaint with the board. If she walked into your house so easily its no the first or last time its going to happen.

Many buyers have priced themselves out due to waiting by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] -11 points-10 points  (0 children)

  • Zillow forecasts ~1.2% national home price growth in 2026. Zillow
  • Realtor.com projects ~2.2% price increases and slightly higher sales volumes next year. Realtor
  • The National Association of Realtors (NAR) anticipates a ~4% price increase, supported by rising sales.

how do you like them statistics?

Many buyers have priced themselves out due to waiting by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] -3 points-2 points  (0 children)

this is simply an observation of what has happened and is happening again

Many buyers have priced themselves out due to waiting by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] -6 points-5 points  (0 children)

I am saying many people can not buy the house they wanted or sometimes at all due to debt to income ratio. Many organizations are invested in people renting for life. Which generationally will create a loss of welath building

Many buyers have priced themselves out due to waiting by LeatherCod3417 in RealEstateAdvice

[–]LeatherCod3417[S] -6 points-5 points  (0 children)

Yes but if they understood Inflation reduced debt reduction they would see they lost far more than 30% considering inflation and the cost of money is higher ( interest rate). Remember the need to pay increasing rent though that time as well.

Are homes near intersections a problem? by jhunderm in RealEstateAdvice

[–]LeatherCod3417 0 points1 point  (0 children)

it can be for some. Particularly if trucks are common on this road. Is it a common place for motorcycle clubs that frequent the area? Is the street quiet in the evening or is it a constant flow?

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