I wouldn't live in California for all the money in the World! ROFL

I thought Arizona was quickly becoming California -ish.

If this place turns into CA, I'll have a moving van ready to go! :harumph:

You snooze you lose.

Tell your agent to inform you when properties are coming up to be listed so you can get a bit of a head start.

I live 1200 miles from my target market. We're having trouble getting timely communication with realtors at all, let alone housing updates. We're not a priority, there's too many people that can do this face-to-face, the realtors aren't hurting for business.

BTW, I'm not snoozing at all. You're WAY off base.

That was a slight teasing you on my part. And that is a heck of a situation you have. Good luck though.

Sellers market for sure. I recently put my Mom and Dads house on the market. It was in a great historic area, great lot on a Boulevard but needed ton of work. We listed it and there was 7 offers on the table within 5 days, all significantly above asking. We took the biggest offer obviously at 15K above asking. And no we didn't undervalue this property.
It blew my mind how quick it went. There is absolutely nothing that stays on the market long around here.

Yep.

My buddy's brother sold a house in SE Georgia recently. It was on the market for ELEVEN HOURS and sold for 20% over asking price.

No problem man. It's just a real source of frustration for me right now.

We originally wanted to move to SE Texas but that market was non-existent (nothing for sale that really fit our needs) and then my job came calling about getting me closer to the action, which is North Carolina.

We're looking at places all over SE NC and northern SC and there's houses for sale but like I said, we're in Iowa, so the realtors don't look at us as "real" business and they aren't very attentive. They don't have to be because houses are literally flying off the market so fast.

We got desperate after accepting an offer on our condo and were getting out bid on the properties we were interested in. Finally lucked into finding a nearly completed new construction that had yet to be listed and pounced on it directly with the builder.

One property we made an above asking price offer and wrote them a handwritten letter promising to maintain their ****ing flower garden LMAO and it still sold to someone else

Make sure its vacant before you sign for one.

ROFL

We had originally planned on lining up a visit to look in person but we can't make travel arrangements fast enough.

At this point, we're down to putting blind offers in or just giving up.

What kind of timeframe are you on? I was in the market to buy my first house and didn't want to even take part in the feeding frenzy that's going on right now, so I just ended up building a new home. It will obviously take a little longer but I was able to avoid having to put in offers and getting rejected countless times.

Will the company you work for help you out? I just hired a new Operations Manager and him, his wife, and four kids are moving from Indiana to Wichita. We are flying his entire family down here for a week, putting them up in a hotel, and have a realtor assigned to work with them for that entire week looking at houses.

I can't imagine trying to buy a house without being physically able to look at them and in this market you basically have to be the first or second person to look at a property and put in an offer for above asking price. Good luck, I hope you find something soon.

Never contact a lawyer. Contact your sporting goods store for a baseball bat.

That's what happened to us when we were planning on moving to Cheyenne a couple years ago. Everything worth a damn was selling in a day. Soooo we're still in Omaha...

Yep, that's the lesson we learned, you pretty much have to buy sight unseen. It's easier to back out of a deal than to buy something that's no longer for sale.

Mind if I ask where was this located?

Isn't the price on lumber still unusually high right now? Seems like not a good time to build.

They should take tips from this thread

https://www.chiefsplanet.com/BB/show...5124079&nojs=1

Same thing down here in Texas right now. My wife is a realtor. Homes if priced correctly, get offers within a day or two at most. Even new build inventory is having problems keeping up with demand.

Lumber prices way up

https://www.kare11.com/article/news/...1-e78fb9c29997

Home builders are used to putting things up, but these days they wouldn’t mind at least one thing coming down.

Since last April, lumber costs have spiked 180%, according to the National Association of Home Builders, increasing the cost of building an average home by $24,386.

“It’s stressful,” Mark Scherer, owner of Scherer Brothers Lumber Company says. “It’s stressful across the board, for the builders, the consumers and for the suppliers, because you’re just scrambling to keep up.”

Scherer points to one of the most common items used in new homes and remodels: oriented strand board, or OSB, used in floors, walls, and roofs.

“This cost about $15 last year in March,” Scherer says pointing at a stack of OSB. “Now it’s about $45, $47 a sheet.”

Even the price of basic 2x4 studs has spiked.

“They used to be $3 a stud and now they're $6 or $8, depending on what grade they are,” Scherer Lumber’s Terry Olynyk says.

Supplies tightened last spring when COVID-19 forced mill shutdowns, then tightened again when stay-at-home and low-interest rates caused a boom in construction.

RELATED: Edina launches pilot program to save affordable homes from teardown

“Labor’s up, concrete’s up, you can't get fuse box panels right now,” Scherer says.
Contractor Ryan Seifert has been riding the price hikes like everyone else in the building industry.

“This is 20th year for me, I haven't seen this,” the owner of Cyclone Construction says.

Still, Seifert says lumber prices don't seem be scaring off customers.
“The phone hasn't stopped ringing during this thing, even though the costs are up,” Seifert says.

Scherer doesn’t see an easing in demand or prices for at least for the next six to nine months.

“Look at interest rates, they’re ridiculously low,” Scherer said. “Money’s cheap, people are going to keep building.”

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Nah, my company doesn't provide relocation assistance unfortunately. And they're not requiring me to move, at least not yet. It's just a suggestion. And I'm desperate to get the **** out of the midwest.

Des Moines is brutal right now. I ended up just doing new construction.

I honestly can't believe why people would want to live here.

I ****ing hate it here.

Awesome bike trails?

I should neg rep you for that.

In most cases, the real estate prices in California (outside of the $2+ million homes) aren't reflective of the quality or size of the home at all. You're paying for the "privilege" of living in California or in simple terms, the land.

My home is worth 2-3 times that of family that lives in Leawood but our home is nowhere near 2-3 times as nice or even "nicer" at all, nor do we have an HOA nor modern conveniences of those that live in that area.

I've never understood why people that don't need to live in California, live in California. There's a freaking surcharge for every aspect of life on top of the highest taxes in the union. And while sure, Disneyland and the beach are great, unless you can afford to live at the beach, it means nothing. The nearest beach is 45 minutes from my home and I'm lucky if I make it down there 4 times a year and many years, that number has been zero.

There are houses in my neighborhood and others that are going same-day for $100k over asking price. It's insanity right now because investors are looking to take advantage of these super-low interest rates before they disappear.

Cash deals are extremely common in California. I had a friend that was looking recently that lost out on more than a dozen homes that were $1+ million because buyers stepped in with cash.

housing market is crazy everywhere
Free money. Lack of supply of homes. Older people that do not need to move out of their homes.

Perhaps, but still comparable to owned homes we see on the market. We also got in at the right time where we're building, since paying our deposit and locking in the purchase price two months ago the starting cost with our builder has gone up almost $20k.

Well it's a good reason to visit...

https://i.imgur.com/bSoWnPB.jpg

Oops, that trail actually isn't in DSM. But this one is.

https://i.imgur.com/EyzC1zf.jpg

Yeah, I've browsed a bit after applying for a job or two in Southern California and it's just insane.... one job was a potential 25% raise, but 95% of that would have gone straight to a higher mortgage just to be within an hour drive of work, much less gas prices, the money thrown down the shitter for personal property taxes, the traffic and all the ****ing people, and on and on.

And I personally love LA for several reasons, but seriously doubt I'll ever live there for any real length of time (much like Chicago).

I got really lucky recently. Got my pre-approval letter on a Thursday. Looked at 2 houses on Saturday, 2 on Sunday, made on offer on the second one for 5k over asking, it was accepted within 2 hours. Everything is good to go and I close on april 15th. It went surprisingly smooth and easy with all the horror stories of the market right now.

Its the same up here in north dallas (Prosper)... its great and im loving it. My wifes a realtor as well and we relocated to DFW about 2 years ago for a job offer I couldn't refuse. Started our build in early 2019 before all of this crap happened and everything really exploded. id be happy about the instant 100K in equity but as you know.. property taxes down in the lone star state are nothing to shake a stick at. Either way, we still got a great deal on a 4400+ sqft brick home and was able to work out some sweat deals with the builder because things were slow. long gone are those days... peeps are putting down 20 - 40k and my wifes current developer in Frisco has waiting lists over 80 people long. no ones offering discounts.

BTW, finally visited San Antonio a couple weeks ago... river walk is a nice area and looks to be a clean city... then we went to Austin.... #WompWomp #NuffSaid .... other than PintHousePizza... no need to ever visit austin again.. ((sorry for the random tangent....Shawnee Mission North Highschool Football RULES!))

Wait until you find the dead cheerleaders in the basement. That's why they sold it to you so quicky.......LMAO

Or watch the Money Pit with Tom Hanks and Shelly Long.

Congrats! You should build a celebratory turret on it.

(I like turrets.)

Was there a contingency in the contract that allowed for the seller to find a new home before leaving the residence? If so, the buyers are ****ed either way.

If not, the seller is likely very much in breach of contract, COVID restrictions be damned. I'm not familiar with Cali at the moment, but if those restrictions were not passed into law by the state congress and are merely governor's orders then that creates a whole other layer of shit because contract laws will trump executive order's when the day of reckoning comes. Maybe one of the Cali locals can chime in on that.

Did we arrest this POS yet?

Love the Money Pit. It is a little known fact that the Money Pit was actually a remake of “ Mr. Blandings Builds His Dream House” with Cary Grant. I’ve seen both and each has their own charm. If you haven’t seen the original and like old movies, it’s worth your time.

Are you buying in the same market in which you live now?

Have you been to a full service building center recently? Can’t buy shit. Can’t manufacture it no employees to make them.

I am. I was able to see homes. I wasn't the first viewer of the one I bought but I was the first offer. Kind of a perfect storm. They were 'desperate' to sell so they could move on to their new purchase. My realtor and their realtor work in the same office, so had an inside track on ease of discussion and a good working relationship between our respective realtors.

I guess a lot of it all depends on your particular situation and what you are looking for. So I live in a modest 3 bed/2 bath house that would sell for well north of a half million. Yes, most of that is the lot. That really hit home when I found out my home owners replacement policy only covers ~$150k or so for the house because you don't have to rebuild the lot if everything burns down in a fire.

Sure, I could probably buy something twice as big in KC, but what would I do with that? I'm not sure I need twice as nice either. And I don't want a HOA.

I'm not sure what modern convenience I'm missing.

I live in a pleasant University town and work ten minutes from my office when I'm not working remotely. It has nice parks, nice green belts, nice schools, no crime.

No snow, no ice. Nine months of constant sunshine. The town is surrounded by farmland so I'm at minimal risk of the fires, although it was pretty smoky last fall.

Yes, the cost of living is higher. If I was struggling to raise a family living paycheck to paycheck, I would certainly be looking for some place cheaper.

Before a bad back sidelined me, I spent a huge number of hours rock climbing in Yosemite and other locations in northern California. No McMansion in Leawood/Overland park is going to make up for that, for me. I was also fortunate to have a flexible schedule so I mostly avoided weekend traffic.

And again before I slowed down, I enjoyed that I could drive down to SF in only 90 minutes (if I left in the afternoon), have dinner, have a couple of cocktails, see a live show, and then make it back home in 90 minutes. SF is a really cool place to visit.

Your mileage may vary.

Well... they finally got in. I still think that they should have offered up the house has a temporary meeting place for their local Hells Angels Chapter.

Link

If they were desperate to sell- why did you pay 5 k over list? :hmmm:

How is this pos fraudster not in jail?

That house needs to be inspected thoroughly from top to bottom. No telling what the squatters did before they left. Looks like the squatter has a history with the legal system: tax evasion and assault.

This is having effects across the country. Those who can't afford to stay in California or are tired of it are cashing out and moving eastward causing housing and cost of living to skyrocket in places like Oregon, Montana, Idaho, and Utah to name a few. I am a part of that Nextdoor app for my area and I swear almost daily someone introduces themselves and mentions how they just moved from California. They aren't moving into smaller, older homes either. They are moving into new ones in new developments that "start" at $500K and up.

I can see them buying nice houses as CA houses sell for alot but the cost of living? Did your gas bill go up because a couple moved from Compton?

Because he was desperate.

Property taxes are a part of it, but overall the cost of goods and services are going up rapidly as the population explodes in the area. This also puts more demand on the existing power grid which forces prices up. Fortunately our utilities are not as high as other places I have lived.

Not necessarily desperate, as I had it in quotes. They were buying another house and needed to sell this one to afford the new one. The market being crazy, we wanted to make sure out offer was accepted and 5k over asking is nothing compared to the 20k+ I have heard about other people paying. The appraisal came back and I still got a good deal even paying slightly over asking.

bullshit, cough, BULLSHIT

Appraisals have nothing to do with a houses value, just what it should sell for at the . Did you know the appraiser knows the sale price before seeing the property?

I had one that made a 210SF error and gave up 10K for the error.

You were desperate.

Are you always miserable or just on CP?

How many houses has he or you bought? multiply by X 5 and you're not even warm of how many I have built.

This paying over list is total bullshit in any market I have lived in,

In a popular vacation area in Ca. (Serrira Nevada Mountains) we have "bid" sales where you slipped $5K and your bid in a box but that's still not paying over asking price.

Ok.

He gone. Guy has to have the record for the most thread bannings in CP history.

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Sorry, late replying to this.
Located in Cedar Falls Iowa.

Thanks for the response. I was just curious. We sold ours a little over a year ago. It definitely was not as easy as your story and some others I've heard about. Must depend a lot on the location. I don't know if that's just my city or the neighborhood within.

homes here are selling like crazy. many fast and over asking

cheap money


like this one. It is in great shape but not worth 369k. On the market for 7 days and already contingent.

https://www.themlsonline.com/minneso...-Hope-MN-55427

Mine is 5 years old. I could sell it in 4 days for at least 75k more than I paid for it. I have put 0 investment in it.

Need rain man to chime in

ROFL

Yeah, sadly the exodus from cali is going to hurt all the surrounding states. As a large portion of those people will take their insane policy thoughts with them and drive up costs.

As for houses, it is insane. Houses are selling In my neighborhood for almost 100k more than what I bought. My house I grew up in in the 90s were 90k, dropped to 40ks because of all the other hud homes taken over. Now the neighborhood hoods is around 200k for 3bed one or two bath homes around 1200sf.

I have read that they are trying to drop the canadian lumber tariff.

That will help, but no builders want to build starter homes either unless you find these tiny home builders.

It would be frigging insane to be trying to buy a house right now. Buyers are offering well above asking price and waiving the inspection just to get an offer accepted. Can you imagine doing that?

Does anyone else get home value updates from Zillow? Zillow is loving my house right now. It just shot up almost 15 percent.

These home value estimates are all over the board so I don't put too much stock into them. Redfin is 25 percent lower than Zillow on my house, for example. But I think the Zillow estimate is much closer based on what I see in the neighborhood, and I'm tempted to sell it and go live on a yacht in Bali.

Yeah, houses have been selling over the asking price in Denver for years. I guess supply just can't catch up with demand, and low interest rates are ramping demand up even higher.

I did a housing study for a city here in Colorado a while back, and we started tracing back what was causing the big increases. To our surprise, we're still feeling impacts from the Great Recession. Construction shut down for a while and population growth didn't. For states with positive in-migrant flows from other areas, it's created a wave of home demand (buying and renting) that keeps getting bigger, and losing basically two years of construction in the 2009/2010 time frame was a big deal that's still reverberating through the market today.

We get those as well. What I get annoyed with is the constant calls, texts, and flyers in the mail from investors trying to buy our house If I want to sell, I will do it when, through whom and for how much I decide.

Ft Collins had that issue for a while and Colorado Springs is dealing with it now. I remember reading not too long ago about how the area is suffering a housing shortage as there are just not enough houses on the market and they can't seem to build them fast enough.

Just 86 him for good and we can start telling fun hookup tales in the romper room thread again.

But they will pay you in cash!

We did that when we bought ours a little over a year ago, though I would say we bid slightly above asking. But yeah, we waved the inspection. But that was November 2019 before all this Covid crap started screwing with the market. We did it because our realtor whom we trust advised us to do so. We knew it was a little bit of a gamble but it was the home we had been searching months on end to find.

I’m glad it worked out for you, it’s great you guys got a house. It’s a definite plus you had a realtor you trusted.

It seems too risky to me but if I needed a house I might feel different. It’s so nuts right now. Houses here are getting multiple offers within an hour of listing and being sold the same day. Californians and Canadians.

Wow! That is crazy. I just looked at my home on Zillow. We have only lived here about a year and a third. Zillow estimate is 36% higher than we paid.

Jeezus, my Zestimate has gone up $9244 in the past 30 days. Unfortunately the only person that benefits from all this is the county assessor.

According to Zillow my house has gone up by over $100,000 since we bought in early 2018. And to think it's viewed as an "old" home by Colorado Springs standards and it was only built in 1997.

I think low interest rates have as much to do with it as those two groups.