Neighborhood Open House - Page 2

drizzellla · ‎03-14-2010

@happycat wrote:

@drizzellla, I'm just curious, did the neighbor get the 50,000 more?

After being on the market for 1 day apparently the seller did not get an offer. So he reduced the price by $20,000 and got an offer the next day. Can only guess he was looking for a quick sale.

We asked our new neighbor if he knew the house sold 2 days before and the price that was paid. He said he knew all about the price. He liked the house and the first owner was able to close the deal before he did. So when he found out the house went back on the market he jumped. He liked the house so much that he didn't care about the price.

Love my grandkids · ‎11-24-2013

Per the governor's mandate, NO open houses are allowed until December 15th.

Many realtors have stopped doing them and only do virtual "open house" tours and consults.

kivah · ‎03-11-2010

@drizzellla wrote:
I do not know what is going on. We were driving home from the store. Pulled into our development and there was a line of people standing 6" apart from one another. There were so many people the line went across the front of the house, down the driveway and up the street past the next door neighbor's house.

It was an Open House. I could not believe that many people wanted to look at the house and were waiting in line to check the house out. And all I saw was one little sign advertising the Open House. I do not understand.

In June our next door neighbor put their house up for sale. The house was sold in about 2 hours. Whoever bought it promptly put the house on the market for $50,000 more than he paid. And the house sold in 2 days. Is the housing market that crazy?

Sounds like the original realtor listed the house too low. No - it usually doesn't go up that quickly.

kivah · ‎03-11-2010

@drizzellla wrote:
@happycat wrote:

@drizzellla, I'm just curious, did the neighbor get the 50,000 more?
After being on the market for 1 day apparently the seller did not get an offer. So he reduced the price by $20,000 and got an offer the next day. Can only guess he was looking for a quick sale.

We asked our new neighbor if he knew the house sold 2 days before and the price that was paid. He said he knew all about the price. He liked the house and the first owner was able to close the deal before he did. So when he found out the house went back on the market he jumped. He liked the house so much that he didn't care about the price.

When a buyer goes to a bank for a loan, the bank sends an appraiser to the house - and the house has to appraise (for the sales price.) The more the buyer puts down (over 20%) - the bank will be more flexible with loaning the money. The bank has risk if they loan too much on a house. Can't imagine a seller reducing the list price of their house by $20,000 in one day --- makes no sense.

DiAnne · ‎09-22-2010

I live across the lake from Seattle and our housing market is crazy. I get at least two offers a week in the mail from developers or buyers all offering cash and "as is" sale. Too bad I love where I live!

SilleeMee · ‎05-22-2016

Having an open house here in Colorado would be asking for big trouble. The market here is on fire and people are coming here from all over the place. You can't find houses or even a place to rent anymore. I'm in shock at how much the market value of my house has gone up in just one year. Colorado Springs is a very desirable place to live evidently.

haddon9 · ‎03-09-2010

@drizzellla wrote:
@PA Mom-mom wrote:
@drizzellla The market here in SE Pennsylvania is absolutely crazy. Our son is looking for a starter home. So is everyone else. Forget the asking price, you have to go much higher with your first bid.

That is where I live in SE Pennsylvania, in Bucks County.

PS - You just reminded me. When the first guy bought the house next door. Even though he bought it within 2 hours, he paid $30,000 over the asking price. As soon as the owner accepted, he turned around and put it back on the market for $50,000 more.

@drizzellla I'm in Newtown and housing has gone crazy in our development! My neighbor who lived around the corner from us put her house up for sale in August and got 65K more than she originally thought that she could. It sold the first day.

Most homes here for sale are going for 50-100k more than just a year or two ago. It's unbelievable!

Even my DD and her fiance went 17K over the asking price for a newly renovated home in an up and coming neighborhood in S. Philly...they bid against 4 other parties. It sold in two days. They won the house and moved in a few weeks ago....I can't wait to see it in person!

haddon9 · ‎03-09-2010

@kivah wrote:
@drizzellla wrote:
I do not know what is going on. We were driving home from the store. Pulled into our development and there was a line of people standing 6" apart from one another. There were so many people the line went across the front of the house, down the driveway and up the street past the next door neighbor's house.

It was an Open House. I could not believe that many people wanted to look at the house and were waiting in line to check the house out. And all I saw was one little sign advertising the Open House. I do not understand.

In June our next door neighbor put their house up for sale. The house was sold in about 2 hours. Whoever bought it promptly put the house on the market for $50,000 more than he paid. And the house sold in 2 days. Is the housing market that crazy?
Sounds like the original realtor listed the house too low. No - in my area!! it usually doesn't go up that quickly.

@kivah If you had said this before the pandemic I would have agreed with you...however in this new world real esate has gone crazy in my area!!

Tessa Mendoza · ‎01-27-2020

Housing prices are skyrocketing all over.

So many people are desperate to get out of the big cities, NOW, that they are pushing the prices sky-high because of the competition. Houses here are selling sight-unseen in bidding wars.

Not a good time to be a buyer, but if you want to sell, now is the time.

Peaches McPhee · ‎04-19-2010

@drizzellla wrote:

PS - You just reminded me. When the first guy bought the house next door. Even though he bought it within 2 hours, he paid $30,000 over the asking price. As soon as the owner accepted, he turned around and put it back on the market for $50,000 more.

What? The owners only accepted the offer? Did they close the sale? Otherwise the buyer sold a house that did not belong to him?

-- pro-aging --

Rochester, New York