In late 2011/Early 2012, I couldn't sell my Lee's Summit home in a highly desirable neighborhood with out a $30K loss. Bought in 2003 also. Went with a lease to purchase deal to get the full price. Realtor told us last week that a similar house sold for $15K more than our original asking price. Thats a $45K increase in 1.5 years, at least in this one example.

I noticed places in my neighborhood are selling fast. One house went on the market and sold within a week for a tad less than what I bought my house for. I was happy to see that.

I am looking forward to selling my house and moving out of So. Cal. The sooner I can sell, the better.

I have good credit and I still had to jump through financial paperwork hoops. It took about triple the paperwork and 10X the financial proof to close the loan. I'm told that's normal these days even with borrowers with good credit.

Depends on the market.

Houston is doing good.

So Cal? You got a million stashed away to buy a house?

No doubt! I am in contract for a house now, but boy did they run me through the ringer. 792 credit score, never missed a payment, had 20% down, and it still took 5,000 signatures and numerous employment verifications and a week worth of time to approve me for a menial amount.

You have enough guap?

Columbus and the great surrounding areas are raping everybody out hurrr!

yeah, buyers market in that they can offer below market and get away with it.

We were trying to sell ours just a little under market but more than what we originally paid and keep getting told we are asking too much. Screw this market. I'll wait until it gets better before I try again.

This is completely untrue.

After submitting the info a couple of years ago, it made me wonder what was required back in the day.... a valid ID and a verbal promise to repay? It's a decent amount of paperwork up front, but it still only took maybe 30 minutes to find all of it (fortunately, most of it isn't more than a download away).


I've actually heard so many good things about the market around here, I've grown impatient after 2 weeks of having my house on the market. So, if anyone is looking to move to KC....

I was getting kind of pissed off. You ran my credit, saw my credit score, you saw what I have in the bank, owe, everything. Why do I have to verify with forms and signatures what you see with your own eyes on the reports? But, I guess this is just the new norm post the bubble burst of 2006-7.

Here in Nashville, I don't even have my condo on the market and have already been offered $75,000 more for than what I paid for it a year ago. Good times.

interesting people those buyers....my home is 12 years old and paid for.
I put it up for sale to downsize and the buyer told the realtor that "if that house is paid for then why don't they cut us a better break? It isn't like they have to give any money to a mortgage company?

If you have a house and you are trying to sell it the market sucks....if you are trying to buy a house....the market sucks...