Love Letters. Real Estate

[check]

Wait six months, the boom will have died to a whisper.

Not gonna happen. This Covid stuff has created a whole new way of thinking, and there is no turning back.

 

[TractorGuy]

I have received post cards advertising"we buy houses". As long as it's sent legally through the mail I just treat it like any other junk mail.

I have neighbors that sometimes leave notes in people's mail boxes about road maintenance.

I don't like anybody going in my mailbox other than the carrier.

I let the neighbors slide but if I received a solicitation without postage I would probably report it. That IS a federal crime.

 

[grsthegreat]

Not gonna happen. This Covid stuff has created a whole new way of thinking, and there is no turning back.

Don’t bet on it. Prices are already starting to drop here.

 

[goeduck]

I got a letter from a local real estate company yesterday. They had aerial photos of the house, outbuildings and entire property.

This letter indicated they had a buyer for the property and wanted to come out and get pictures inside my house.

THIS one I called back. Advised that I have NO intentions of selling anything, any time. Advised that they or any of their representatives are not welcome on my property. And if they are ever on my property - it will be considered as trespass, with aggressive consequences.

Some of these companies have a lot of nerve ..........

I decided once to to play the game with one of those offers I would get in the mail. Once they thought I was serious they dropped the offer $200K. Never did a deal of course. Scammers.

Sounds a little different than yours.

 

[California]

Got another letter asking to lease my place to grow dope.

Maybe they are finding tax records where the billing address isn't the property so they expect an absentee owner. We're here 40% of the time.

We don't need the potential hassle at harvest time of armed midnight trespassers thank you.

 

[two_bit_score]

Don’t bet on it. Prices are already starting to drop here.

I’m constantly looking at realtor.com and in one area I look at frequently brokers have been suggesting I make my initial offer at $30,000 or so over asking price, offer to pay extra on closing costs, etc. I haven’t seen anything I would do that on yet.

Now I’m seeing “recently reduced” listings showing price drops of $10,000 to over $100,000. Some listings are showing up for at or below the CAD value. This is not all areas or the real hot areas like Austin but areas where they were legitimately getting offers above asking frequently for a while.

TBS

 

[scaredychicken]

we retrieved a "hand written" (yellow lined) flyer / offer letter in the malbox, last week. Looked unprofessional -though it was meant to be personal ... first name and phone number, yet generic to anyone. I ignored it.

he wanted to buy our house

I thought about calling and asking which house ? please give address and descripton of house ...

nonsense


also got numerous calls from an air duct cleaning service, called ... Air Duct Cleaning Service (yeah right)
no references
I have friends in that work
several dates rescheduled (by them)

nonsense, go away

 

[Sigarms]

Don’t bet on it. Prices are already starting to drop here.

The question becomes when the pricing drops, how much more is it still compared to the average sell price before all this craziness began?

Point being if an average house in your area would sell for 200k before all this crap hit and now it's listed at 375k, but now it's reduced 100k to a 275k sell price, did the price really drop over that years time?

 

[two_bit_score]

The question becomes when the pricing drops, how much more is it still compared to the average sell price before all this craziness began?

Point being if an average house in your area would sell for 200k before all this crap hit and now it's listed at 375k, but now it's reduced 100k to a 275k sell price, did the price really drop over that years time?

That depends. Was it actually on the market at $200k Before “all this crap hit”? Or was that just a WAG? Probably just a WAG or a CAD value. The term “average value” is also a wild card.

Now if the $200k was the actual last purchase price and the $275k was an actual purchase price that would be a $75K increase in market value over that time period based on specific sales data.

The terms “average” and “median“ values are helpful as general terms but too many people then try to pin that “value” on a specific property and RE is to unique to do that accurately in 90+% of cases.

 

[NorTracNY]

The market is certainly cooling off here. Yes, houses are often selling fast, but I'm also seeing "price reduced" signs going up.