But I wonder how much of this is her blowing smoke, because if she is the listing agent, she's not sending the buyer to the mortgage company. The buyer's agent is the one communicating with the buyer, not her.
The housing market
- Thread starter Never_Enough
- Start date
She works with all the lenders so if they screw her on one deal, she won't send her buying clients their way. I edited my early post to add more info.
It is not blowing smoke. I've known her for a while since she is my best friends sis in law. I have worked with her since back when she was selling 30 homes a year.
I only pushed you on facts due to holes in the original post. I realize it's all grey, not black and white. I also deal in commercial as well as residential and there are some good realtors, but a lot of them are just full of it and say they can influence things they simply can not.
When my wife and I got divorce, I had to have our home appraise and then pay her half the difference of the appraisal and what was owed. I could pick the appraiser, but I had to give my wife 3 options on appraisers. I called my realtor and asked who were the three appraiser who would always come in the lowest. She gave me three names, but said who would be the lowest of them all. My ex wife picked that one. The the appraisal came in at $20k over what I owed. I wrote my ex a check for $10k which finalized the divorce, and I put on the market a month later for $50k over what I owed. My ex was pissed to say the least, but it was her and her attorneys demands so she couldn't say a thing.
Banks are allowing the next bubble to inflate. It makes for good business as long as they allow it. The last down turn only took 8 1/4 point interest rate increases. Maybe this on will take
16 rate hikes
I hope it pops soon. I am completely liquid right now and ready to scoop up some deals.
Well, the cost of materials went up today. Was informed today by our supplier on the price hikes for all metals, brass went up 88%. Everything went up 12-30% besides copper. This adds an additional 2500-3500 to the homeowner, for nothing but speculation over the potential tariffs.
zestimates are bullshit. I've watched them for over 5 years and their values are UNDERcut.
You have to go by actual sales. Find a house down your street, take the sales price and divide by square footage. Pretty simple.
doesn't really matter. If new homes go up in price so will used homes. They can't build fast enough right now.
honestly, move to a different city or state if you are bargain hunting for a home. Beggers can't be choosers on a single income. I would have never bought my first house if I wasn't married, simply because I couldn't afford it.True, I should have specified depending on area. Like my area. $425k is well above a modest home price IMO.
I bought my first , second , and third house while I was single.
I only bought two while I was single. And 30 years later I'm libel to own the last one single if I don't watch my ass, lol.
Living in kommiefornia like you do I am not surprised. I lucked into a program for first time homebuyers when I bought my home in 2001 made it pretty easy to buy as a single person
I bought my 1st house all by myself, but I feel you. I want a gf now just for the 2nd income lol. I'm looking in 3 counties & it's all the same bs unless you go to bum ****. I can't go to bum **** b/c I'd have an insane commute that would make me want to kill myself.
Must be only for select folks. When I applied for the loan this time, they wanted pay stubs from not only my current job, but the last one too & a bunch of crap that I was never asked the last time.
Speaking of lending. I love three calls.
Caller: sir we'd recently sent you information on refinancing your va mortgage. Have you had a chance to review it?
Me: nope...
Caller: well sir, if your interest rate is above 4% we may be able to help
Me: its not, *click*
Surely if they've looked up the terms of my mortgage they know my apr
Caller: sir we'd recently sent you information on refinancing your va mortgage. Have you had a chance to review it?
Me: nope...
Caller: well sir, if your interest rate is above 4% we may be able to help
Me: its not, *click*
Surely if they've looked up the terms of my mortgage they know my apr
The last time I bought. All they asked for was my Master Electrical Contractor License.
I just put in a contract on the 3rd different mortgage I've had in my lifetime. It's set to close next week. Quite a bit of documentation and "up my ass" stuff on what my spending was on from my bank statements etc. 800+ credit too. I didn't mind providing the documentation but it was far from just a couple paychecks. I agree though this real estate market is very hot pretty much everywhere. My first purchase was a condo in 2009. I got the 1st time homebuyer $8000 check to buy a home deal. Wasn't a whole lot of paperwork that I remember from that. Lived in it for 7 years. Sold and bought a home and that was quite a bit of stuff asked even though I had a decent sized down payment this time. This latest purchase was the most documentation I've ever had to provide and they asked a LOTS of questions, and I had to provide proof of what seemed like every little thing. Better that way than NINJA loans from 2004. No Income, No Job, No Assets
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Yep they wanted 6 months of pay stubs from me and my last 2 W2's. I thought they were going to ask for the results of my last colonoscopy and a DNA sample as well. I have a folder in my google drive with all the hundreds of pages of forms and shit the broker wanted.
Congrats
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