Im bowing out

[BigHornRam]

When I sold in MT last fall, cash buyers had an advantage to me as seller. When we bought, I waived the inspection contingency. Avoiding the hassle and potentially reopening up of negotiations is a huge plus for both, but particularly seller.
National rates are just under 4% this week and the first time 30yr mortgage is above 10yr long term average. That may change the times. But cash is still king.

Everyone waiving the inspection contingency right now is going to bite a good percent of these buyers in the ass in the years to come.

Or the banks that end up owning them when the owner walks.

 

[smw110136]

Buyer asks wtf is taking so long. Builder says drywall sub wants 20% more or will go to other jobs first. Replacement sub is 30 % more and a drunk. What do you want to do? 20 % increase in material by next week too.

Industry is screwed right now. Best to wait if have a choice.

Honestly curious (not trying to be a smart ass. I know it can be hard to tell on the internet). In your experience in the industry, what do you see happening, or needing to happen, to correct the current trends in residential construction?

 

[Valgrego]

On the flip side, I think Detroit is still offering to pay people to take ownership of houses in their suburbs. You could 'buy' a whole city block there for the price of a single family home in CO. Supply/Demand

Yeeaah, umm, then you have to live in Detroit. No thanks!

 

[BigHornRam]

Honestly curious (not trying to be a smart ass. I know it can be hard to tell on the internet). In your experience in the industry, what do you see happening, or needing to happen, to correct the current trends in residential construction?

More honest people from banks, to builders, suppliers, buyers, realtors, ect.
More young people getting into the trades......because they want to.....not because it pays well right now.

 

[Valgrego]

The house I bought 9 years ago that appraised for $114K now appraises at $265K. I'm doing some work on it and selling ASAP and you better believe I'm going to take advantage of it.

And then you'll be on the buying end of the equation...

 

[COEngineer]

And then you'll be on the buying end of the equation...

Maybe he's planning to buy a van and live down by the river.

 

[Bigjay73]

I got lucky in Denver, but that was after getting beat out on multiple offers just like you were. The market is nuts, even out in the burbs.

Not sure there are any "burbs" anymore lol. Houses in BFE aren't much cheaper than Denver. Congrats on the house!

 

[Valgrego]

Maybe he's planning to buy a van and live down by the river.

With the price of new vehicles, he'll use up his equity buying that van

 

[Valgrego]

Not sure there are any "burbs" anymore lol. Houses in BFE aren't much cheaper than Denver. Congrats on the house!

We used to live in the 'burbs - Thornton. It didn't take but few years before that whole area got swallowed up by houses. Now that area is essentially just part of Denver.

 

[Deleted member 16014]

I'm workshopping a standard response to all habitat, point system, muley/sheep population, CWD, Montana hunting, and cost of living threads. Something like:

"It's ****ed, we're all ****ed. **** it."

 

[huntergirl_19]

Not sure there are any "burbs" anymore lol. Houses in BFE aren't much cheaper than Denver. Congrats on the house!

Very true, and thanks! It needs a good amount of work, but I'm happy with it.

 

[rwc101]

The "Zestimate" for my house is almost 100k over what I bought it for a few years ago.

 

[LousyResident]

The "Zestimate" for my house is almost 100k over what I bought it for a few years ago.

Can't help but like it as a homeowner I have to admit. Mine shows $79K (over 20%) over my purchase price from April 2021.

 

[Deleted member 28227]

Everyone waiving the inspection contingency right now is going to bite a good percent of these buyers in the ass in the years to come.

Or the banks that end up owning them when the owner walks.

Investment funds

 

[SAJ-99]

Can't help but like it as a homeowner I have to admit. Mine shows $79K (over 20%) over my purchase price from April 2021.

If zestimates were correct, Zillow wouldn't have lost so much money trying to flip houses.

 

[Nick87]

I'm workshopping a standard response to all habitat, point system, muley/sheep population, CWD, Montana hunting, and cost of living threads. Something like:

"It's ****ed, we're all ****ed. **** it."

I have been using that response for the last couple years for just about everything. Never been a bumper sticker guy but I'm strongly considering this one. Would you like me to order you one as well?

 

[Nick87]

Can't help but like it as a homeowner I have to admit. Mine shows $79K (over 20%) over my purchase price from April 2021.

Until the tax assessor starts hiking taxes.

 

[BigHornRam]

Investment funds

Or the taxpayers.

 

[BigHornRam]

Until the tax assessor starts hiking taxes.

But it was only a "zestimate"

 

[BigHornRam]

Here's a great place to own a home right now!

Alberton residents face month-long sewage leak, property damage

A broken pump at a wastewater treatment pond has impacted at least one home with severe flooding for over a month.

www.kxlf.com