Property Market is going WILD

[Strapped]

Driven by greed

 

[Controversy]

Bought my house 4 yrs ago for $325k...sold yest for $475k

5 strong offers came in within 10 days

there were some BS offers and it was funny how some buyers try to gain leverage

Eventual Buyers required no inspection and closed in 3 wks

all I can say is that having a great listing agent is critical

thankful

 

[KING WILL]

I closed, then received my check from Zillow 1-2 days after they announced they were not buying any more homes.

I actually rushed the process because I thought this might happen. There was about a full week where they didn't even reply to any of my emails, calls, or texts. And I was like damn it there it goes, they pulled my offer. I thought it was over...

So, I hit up open door and their offer was $40K less than Zillow. Few days after that Z hit me back and were wrapped everything up.

Zillow ended up selling my house for $40K less than what they paid me for it.

They are taking some huge L's. That ER gonna be horrible.

 

[FAH1223]

 

[How Sway?]

The fact that wake county nc prices are similar to pg County is mind boggling to me..

Montgomery Co still seems to be higher on avg but it's not that far off.

 

[KING WILL]

I'm seeing a lot of reduce prices when I check zillow. Not just the zillow owned homes either.

I figure there's quite a few "sellers" that's simply asking for outrageous prices that don't really want to sell, but maybe would at the right super inflated price.

I'm not an expert, but I expect a nice drop off in prices towards the end of the year.

 

[Dat Migo]

Zestimate still going up on my home

 

[Leasy]

Can't wait until next year for the crash

 

[waltthizzney]

no such thing as a housing bubble, god aint making more land, only more people

 

[Wild self]

no such thing as a housing bubble, got aint making more land, only more people

Sterilization never looked so good to the elites

Either that, or crime will skyrocket

 

[Rhyse]

.

 

[Propaganda]

The Average Detached House in Toronto Has Officially Crossed the $2M Mark

 

[NkrumahWasRight Is Wrong]

I'm selling soon

 

[Mr swag]

My area has exploded AGAIN. Maybe people trying to beat the interest rate hike

 

[Geek Nasty]

This market is still incomprehensible to me. Working people just got hammered by the COVID shutdown which should have been the largest recession in world history, but all the metrics are whizzing along like nothing ever happened. Those losses are being hidden *somewhere* I just cant figure out where.