Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Charlotte real estate market

Ja Rhule

By Ja Rhule,
in Huddle Lounge

 Share

Recommended Posts

R0CKnR0LLA Mentor

R0CKnR0LLA

Posted
Posted

Real estate everywhere has gone insane. It's depressing shopping for a house and watching the prices going up and up and up.

I guess if you already own a home it's not so bad, you're paying more for a new one, but selling your current one for more. But for someone currently renting, man it fugging sucks. Feels like I will be renting forever and never be able to own a home. Fug.

Link to comment
Share on other sites
LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted
40 minutes ago, R0CKnR0LLA said:

Real estate everywhere has gone insane. It's depressing shopping for a house and watching the prices going up and up and up.

I guess if you already own a home it's not so bad, you're paying more for a new one, but selling your current one for more. But for someone currently renting, man it fugging sucks. Feels like I will be renting forever and never be able to own a home. Fug.

Yeah, I'd be a lot nervous if I was renting right now. I have to imagine rent prices are also soaring with zero hope of any equity. Shitty spot to be in for sure.

Investors and flippers are gobbling up anything that hits the market at a reasonable price right now too. I was a little nervous about what the foreclosure market would do to real estate prices once it opens back up but the more I think about it I think the impact is likely to be minimal. There's very real pent up demand right now from investment buyers. Likely more than enough to offset the foreclosure market opening back up. That will obviously vary somewhat by market, but buy and large I don't expect foreclosures coming back to trigger  significant reset. I would've said the opposite six months ago.

Link to comment
Share on other sites
LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted
On 2/26/2021 at 11:20 AM, LinvilleGorge said:

We just went under contract on a property about an hour and a half NW of Charlotte. Never let it hit the market. Heard through the grapevine they were going to sell and hammered out a deal. 2400 square feet newer home on 10+ acres with a private pond would've been a bidding war. They were willing to forego potentially more money to avoid showings because they're both working from home and their kid is doing remote learning.

I was off big time on the square footage. It turned out to be 3000. Closed today. Not looking forward to the move over the next few days but definitely looking forward to finally being settled down again. Selling a house and moving across the country during the peak of a pandemic and lockdowns then buying a house during an absolute real estate feeding frenzy... yeah, if you have the opportunity to pass on that, that'd be my advice. LOL!

  • Pie 2
Link to comment
Share on other sites
toldozer Grand Master

toldozer

Posted
Posted
1 hour ago, Ja Rhule said:

Once foreclosure moratorium ends, the market will flip to buyers market. 

Investors will swallow those up in about 5 minutes I believe.  They've been paying full asking price cash for a few months now. Once it ends it will just mean a higher percentage of rental properties i think. 

 

Wallpaper finally finished yesterday.  My painter started on ceilings yesterday and starting to paint walls today.  Hopefully we will move in April 17th and get our house ready for our renters to move in May 1st

  • Pie 1
Link to comment
Share on other sites
Ja Rhule Grand Master

Ja Rhule

Posted
  • Author
Posted
16 minutes ago, toldozer said:

Investors will swallow those up in about 5 minutes I believe.  They've been paying full asking price cash for a few months now. Once it ends it will just mean a higher percentage of rental properties i think. 

 

Wallpaper finally finished yesterday.  My painter started on ceilings yesterday and starting to paint walls today.  Hopefully we will move in April 17th and get our house ready for our renters to move in May 1st

So something to watch for is revenge shopping this fall and inflation.  The fed will need to increase fed rate to counter inflation which might slow demand for homes.

Link to comment
Share on other sites
LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted
19 minutes ago, panther4life said:

Just had a listing with almost 60 showings in 2 days. With 30% of them offering. Going to break a price records for this neighborhood once it closes!

 

 

It's so stupid. I was really fortunate that I A) knew the sellers B) knew the seller's agent C) my agent and their agent worked in the same office and D) the sellers really didn't want to deal with showings and wanted an easy close. I could make that happen.

Had they gone to market with this place I would've likely bowed out pretty quickly. The place next down the road from mine went on the market last week. More acreage, similar house size, but a much older home. It was under contract in under 12 hours at $25k over list full cash offer. The buyers submitted the offer sight unseen. They didn't step foot on the property until they were already under contract with what I hear was pretty substantial earnest money down. Crazy.

 

 

  • Pie 1
Link to comment
Share on other sites
toldozer Grand Master

toldozer

Posted
Posted
6 minutes ago, LinvilleGorge said:

It's so stupid. I was really fortunate that I A) knew the sellers B) knew the seller's agent C) my agent and their agent worked in the same office and D) the sellers really didn't want to deal with showings and wanted an easy close. I could make that happen.

Had they gone to market with this place I would've likely bowed out pretty quickly. The place next down the road from mine went on the market last week. More acreage, similar house size, but a much older home. It was under contract in under 12 hours at $25k over list full cash offer. The buyers submitted the offer sight unseen. They didn't step foot on the property until they were already under contract with what I hear was pretty substantial earnest money down. Crazy.

 

 

we were lucky to get ours as well.  Went like 2 hours after it went on the market. They had already accepted an offer with 10k due diligence money sight unseen from someone up north. They "accidently " didn't check a box and backed out the next day. They asked us the next day if we wanted them to consider our offer. We had offered 100 dollars over list. The sellers agent said they had over 100 showings in 2 days but I think because we submitted the next offer and it was at least what it was listed for they accepted.  We bought it from a sweet 88 year old lady. She definitely picked us because we couldn't get into a bidding war on it.

  • Pie 2
Link to comment
Share on other sites
LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted
7 minutes ago, toldozer said:

we were lucky to get ours as well.  Went like 2 hours after it went on the market. They had already accepted an offer with 10k due diligence money sight unseen from someone up north. They "accidently " didn't check a box and backed out the next day. They asked us the next day if we wanted them to consider our offer. We had offered 100 dollars over list. The sellers agent said they had over 100 showings in 2 days but I think because we submitted the next offer and it was at least what it was listed for they accepted.  We bought it from a sweet 88 year old lady. She definitely picked us because we couldn't get into a bidding war on it.

Yeah, when they told me what they wanted I told my agent to just write it up. It was more than I wanted to pay bit it was also more house than I was looking to buy. There was nothing else on the market that fit what I was looking for. I should add that the place up the road I mentioned earlier is under contract for $150k more than I paid. I'm glad we got this deal done but the sellers are probably kicking themselves. They could've definitely got more. Maybe a lot more. I'll be buying the beers every time we cross paths in town.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • nogoodbum
      Report: Panthers great Luke Kuechly being eyed for big TV job

      By nogoodbum · Posted

      Don't take this personal, but anyone who watches pregame or game broadcast on any of the four major networks & can't point out a dozen "experts" that Luke would do a better job than, is just not paying attention. IMO
    • lumbeecheraw75
      The "now it's been three years" Grade for the 2023 Draft

      By lumbeecheraw75 · Posted

      overall agree on the draft grade as a whole on on each pick, but every time I read (and I have read it more than once) that we "gave up two firsts" for Bryce, I am confused. We gave up the 2024 first, but we swapped 2023 firsts, so we didn't give up anything there. We did give up our former first rounder in DJ, but I don't think thats what you mean as one of the "firsts" we gave up.
    • Steves89
      The "now it's been three years" Grade for the 2023 Draft

      By Steves89 · Posted

      Didn't  see this posted (since 2023) but since folks have been posting that you can't judge a draft class for three years (a ridiculous take), I thought I'd post this to see what people thought about the 2023 draft. Unfortunately this may not be the most interesting class to do this with but I do quite like retrospective draft grades. Would appreciate other's takes on this (and other recent) draft classes.   1(1) - Bryce Young QB: I am a bigger Bryce Young apologist than most (maybe all). I like the kid. But there is no way around it: This was a terrible pick. If he had been picked in the 4th or even the 3rd round I would feel pretty good about it. But this was the first overall pick that we gave up two firsts, our best offensive player to get.  GRADE: C -    2(39) - Jonathan Mingo WR: not much to say here here. He was here for two years. His yards per catch are on par with Bryce's yards per pass. Rough stuff. To date he has still never scored a touchdown in the NFL GRADE: F   3(80) - DJ Johnson OLB: a pick I hated as soon as it happened and an example of why the premise of this thread is honestly dumb. This was a bad pick when it happened. Most people knew it.  Then came training camp and he did not look good. Then came the preseason which confirmed what we saw in TC. Then came the season which confirmed what we saw in preseason. To date, he has half a sack in his career. GRADE: F 4 (114) Chandlers Zavala G: Honestly the best pick of this draft which really speaks to how awful this draft is. Other than Bryce, the only pick still on the team. He is mostly average or below average depth which in round 4 is not terrible. But he had a pff score of 43.5 and though I think people have unrealistic expectations for draft picks, I still would want a little more from a fourth round pick GRADE: C+   5 (145) - Jammie Robinson S: I liked the pick when it happened but ended up being a disappointment. He logged 1 tackle with the falcons last year and not enough snaps to get a grade on PFF.  GRADE: F OVERALL DRAFT GRADE: F  
×
×
  • Create New...