Then don't.
Then don't.
Yeah, I really don’t want to go. If for some reason the house doesn’t sell, I’ll take that as a sign that we’re meant to stay. I like Oklahoma, but both the wife and I have serious medical issues. That’s why the kids want us to live with them.....they worry about being so far away.
. Yeah and RV prices have skyrocketed also. Last year was the year to buy a house or RV, now we gotta wait.
Youngest son has been looking to buy a house, and we've been helping him look. He is/was interested in something like 3br/2bath house of about 1500 sq ft. Houses have been in the range of $150,000 to $175,000, and the realtor has been telling us that houses in that range are going fast. Buyers pretty much have to agree to pay the price (and maybe some more) and pay the closing costs to be able to "win" the bidding war. We've received notices of houses that just went on the market that already have contracts on them.
We're advising that he wait and see if he can catch a buyer's market, which also lets him have time to build up a better down payment.
We're advising that he wait and see if he can catch a buyer's market, which also lets him have time to build up a better down payment.
Current interest rates are what’s driving the market right now. Your realtor is correct, he has to absolutely be ready to go then if he finds something he likes. There is approximately a 45 day supply of homes available in his price point, so Everyone looking only has a few to select from. Over list contracts is common, something we had not seen in Oklahoma till last few years. The good side is it is pushing more and more folks to brand new homes, and evening then my inventory changes daily, COVID has slowed our build times but not sales at all. Our company mortgage company has a rate incentive of 1.99% and 5k closing costs. It is helping a bunch of folks who can handle the payment but may not have all they need out of pocket. The rate is letting them get a bit more home for the buck! Yukon real estate is very healthy, as is all the metro
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Some times it takes pacification and a good paddling to satisfy them.....just saying
Lots of theft out that way?
"New" homes is one to be careful about buying. We had been looking at older homes, and seeing prices, we looked at some of the new home builder's work. One "builder" in one addition had a model home and a couple being in the construction phase. We looked at the two homes under construction and they were building with studs on 24" centers instead of 16".
The house I posted back around March, local auction, local advertising and local folks,14 acres, w/pond, nice big house, barn, MIL house went for 175k, lady bought it for her son..
6 months later and I'd bet $$ it could be flipped for double plus on a national market..
6 months later and I'd bet $$ it could be flipped for double plus on a national market..
