House is swarmed after being listed in Raleigh for under $300k

[levitate]

That’s sad.

 

[Actually6Foot3]

Watch a developer with bottomless investor money beat all of them going wayyy over ask all cash close in 30 days






shyt might even end up as a bidding war between investors only with all the regular folks left in the dust.

 

[MoveForward]

Yeah, waiting on a crash or dip to happen so I can buy my crib. shyt is crazy out here

It’s not happening fam…

 

[TRUEST]

That’s sad.

At that point ain’t no point waiting in line. Just leave unless u a multi millionaire and u know u can comfortably pay well over asking pricing.

I see lines like that and I think about the despair those people must be feeling.

 

[Doobie Doo]

It’s not happening fam…

Happened in 08

 

[BigMoneyGrip]

That’s sad.

It really is

 

[jdubnyce]

Bidding war strategy

 

[Texas2step]

It crazy out here. I just put a condo up for sell near downtown Dallas. Asking price is $325,000. Within the first hour, I received 7 offers for the full asking price and 1 to offer 300,000 in cash. I'm about to up that shyt bc ppl are desperate out here

 

[Uitomy]

We living in weird times, funny, a house being listed for what it’s probably really worth sparks literal mayhem but nikkas on the Coli think housing prices in the middle of bumfukk nowhere exploding up 30-50% is normal and prices won’t ever come down

 

[BeeCityRoller]

Raleighs market is even tougher than Charlottes.


I'm glad I already bought before the rates went up, now more of these houses going Under Contract in the Coming Soon stage before they even have showings


EDIT: I didn't see the 30 cars parked outside the cul-de-sac

EDIT 2: She needs to make an update saying whether she sold to a family or investor

 

[Uitomy]

Watch a developer with bottomless investor money beat all of them going wayyy over ask all cash close in 30 days






shyt might even end up as a bidding war between investors only with all the regular folks left in the dust.

The shining light in this statement is eventually once there are not enough people to buy houses and rent they will be absolutely fukked.

 

[Chrishaune]

Most of them are investors more than likely. These folks are using homes like stock.

 

[Tallac]

Happened in 08

It is not really the same thing. It is a supply and demand issue, and with the way material prices are going up, it will make it even more difficult for people to find affordable homes.

 

[OfTheCross]

I call this a hot market not a housing crisis

 

[Concerned Citizen]

The really funny yet sad part is a low listing price is always a good strategy to get folks into a bidding war and eventually paying way more