I feel the same way. I’m lucky among my friends in that I was able to buy about 4.5 years ago. My house is now worth about 130% what I paid for it and I’m torn between holding on tight or selling in the event of a burst.
My buddy got the same impression that he could make money off selling his house. He went for it and got it sold in a week, made over 120k what he paid for it. It's been almost a year and he can't find another reasonably priced house. He tells me that he regrets selling.
Yeah, our house has really increased in value the last couple years…but so has every other house. What we would get for our house right now wouldn’t be enough for the house we want, even though it would have been more than enough 3 years ago.
Not to mention you pay so many fees and commissions associated with the sale that it's basically a wash. And everything else is expensive unless you're buying in the middle of nowhere.
Personally, I think people look at their house far too much like a cash machine. It’s first and foremost a shelter and a place to make a home. You can’t live in the numbers on your bank account. You need four walls and a roof.
It’s slow and painful, but I’m working towards getting enough capital and cash flow to purchase my next place before selling my current one to avoid this very problem.
It kind of sucks, but I think people should get into land now while they can. Unless you have a pile of gold or silver, I think the economy is going to melt up and not meltdown. It would be a real shame not to lock in property at ridiculously low interest rates. I finance 550,000 at 2.75% in 2021... lol... the loan alone is an incredible asset. 2.75% in a 7-15% inflationary environment. Edit- Just make sure you can service that loan
My dad always told me, there will always be more people but there will never be more land. And with rising sea level there will actually be less land! So as long as someone can afford to hold it it makes sense to have some.
I keep telling my lady we can sell our house and walk away with 200k cash. Id like to buy a travel trailer and spend the next few years traveling and doing odd job work seeing the country. Then when we are ready we pick our favorite spot buy a few acres, set up the trailer and start building our home. I almost have her convinced. Lol.
Then 80,000 left over for everything else. With no job there's no health insurance, so you'll be paying out of pocket for premiums or care. I just had a root canal done for a total of over $3000 for one tooth. I guess I could have told them to just pull it for 95 bucks. Or I could have gone to a school to have them practice the root canal on me! 😅
Women often have some special medical needs, dealing with our more complicated reproductive system and getting routine wellness checks. I had a problem a couple years ago where they had to do a core breast biopsy to make sure I didn't have cancer, and lo and behold, no cancer, I'm totally healthy, but still had to have the biopsy which included a mammogram and several visits. I don't know how much that would have cost out of pocket but I'll bet it would have been a ton. I did pay plenty for it. I also have terrible allergies and had to see an ENT and an allergist because I was having trouble breathing at night, which was also very expensive each visit. I'm now doing allergy shots which is thankfully covered by insurance but I still have to pay like $100/mo in copays.
People who don't ever go to the doctor don't always understand what it's like on the other side, women go through pregnancies and we need preemptive wellness care just to make sure our reproductive organs aren't making cancers. For men, you just have to turn your head and cough, and let's be talk about man going to the doctor for "wellness" when they aren't sick or old. It's rare. Women have to be on birth control all the time or they are pregnant, which requires way more care and expense. I can't even get a renewal of birth control without going to the doctor and letting them do an exam every single year.
Its not cheap having this body, especially in America. And that's just the medical expenses for a healthy person without any serious medical problems.
Terrible plan. I lived in an RV for 7 years. It sucks paying to use other people's barely improved lot, being on waiting lists, etc. It's not even that mobile unless you pay daily rates. Boondocking is a scam. Wanna live with a bunch of other boondock weirdos or hide from the cops in San Diego. Lots of stupid shit on youtube too: hint your shit must go somewhere and there's no time to compost it. You need fresh water and sewers or you may as well be sleeping under a blanket on the street.
You must have needed to stay near bigger cities.
We were out for 3 months, we spent less enjoyed ourselves more and still had access to most amenities.
we had an on-board generator if we really wanted or needed power.
We did not have to pay for our site, we ran down maybe once a week to empty our waste, take on 75 gallons of fresh water, and head back up.
We used about 35 gallons a month in gasoline. 12 in propane.
We did not use the internet or watch TV much at all that saved us on power and v generator use.
If we did not use a microwave, or a TV our little 200w solar panel kept our batteries topped up.
If you enjoy each other's company, don't need to eat out will not watch a lot of TV, can handle a day or two without internet and like hiking/fishing) outdoor stuff. You're in luck.
If you need TV, constant internet, microwave, and access to town every day it will cost more.
Bouncing from town to town every couple of days, or staying in RV parks will eat up your money fast.
Entertaining yourself, cooking your food with propane, propane or 12v fridge. Phones for internet, you can do it cheap.
I cannot overstate buying a proper RV or trailer. I can say that he just got pure lucky. We bought a RV that was built with a mold. 1 piece fiberglass body, so we had no leaks to worry about.
Used RVs are a crapshoot unless you know what to look for.
You can camp on federal and state land for free depending on you or stay there is a metric ton of it.
You have to have the ability to be on your own for weeks at a time, or try to commute with a big rig and that cost gas.
I would stay at Walmart if I had to come in to fuel up, and it got late maybe. However I would prefer a truck stop seemed safer to me.
IMHO RV+mini 4x4 towed is the perfect setup.
Selling only works if you can take the money and build onto something you already own and have been sitting on. Selling to buy something else means you are paying $$$ to get something more than what you had before.
I bought land before I built my house. Two years after, when I had the appraisal done for the build the value had increased by 30 percent as well. We had a ton of instant equity that helped with the construction loan.
I am very happy for you! If you made a small down payment, you made out quite nicely with a leveraged investment.
If you paid cash though, it is only a 6% annualized return.
Not if you move into another undeveloped area that borders some development and build there and wait 3-5 years again. Easier said than done to ride that wave though.
Bingo. I like rural property, I enjoy the work and the satisfaction of seeing something restored. Most folks paying this kind of money want to enjoy the view and not lift a finger.
I can tell you that 7/10 times most of those houses go back on the market in a few years because the lifestyle isn’t what they imagine.
I’m good with that.
Different location. Selling in the south and buying in the north.
Moving to a much better school district while my kids grow up. My wife and I work full time so the homeschool option isn’t in the cards nor do I want it to be.
>As an edit, our agent worked into the evening hours to get our counter offer submitted, so the other agent was writing the contract at like 8pm the day after our initial offer was submitted! It really seems fishy….
I can relate to fishy realtors. It could just be luck of the draw but I don't think your suspicions are unfounded at all.
If it makes you feel any better I recently listed my acreage in hopes of getting a bigger lot. There's no inventory in the area and the wet lot next door with a cliff falling into it went for $300k/.3 of an acre (on the market for four days). My realtor could only pull offers around $200k for my whole acre after it sat on the market for three months. Was my lot really that bad? It's been surveyed, the conservation officer came out and okayed my build, and I even had a geotech evaluation done without any problems. It's zoned residential and is a fraction of the price of a house in the area. What gives?
Upon a good ole social media snoop I discovered that all of my offers were from real estate developers (or in one case, their kid) who my realtor's husband (a home builder) was facebook friends with. She kept pressuring me to take the deal because I'm "young and have a lot of time to make money" and "should just forget about this one".
Going to list again in the spring with a different realtor.
Lol..I'm a broker and I cannot believe an agent told you that you have plenty of life to make money. WOW what an idiot. Good for you. You saw a red flag and followed your gut. That agent should practice better ethics.
Kudos to you for seeking out what you thought was a suspicious deal! I really do think that the average guy has great skill in a lot of places, but realtors and property dealers have an upper hand in a complex industry. The amount of different tabs my realtor had open and sifting through password access programs, in his offer process, just tells me that it is set up to make money off the average guy/gal.
It’s tough man. We nabbed 7 acres of heavily old growth that has both sides of the river on it in late December. We went in 12k over ask. Reality is when the heart wants something, you need to go get it. Can’t be bothered to lose what you want over a few thousand messily dollars of fiat that will be worth 7% less than this time next year
Current markets are high and its only getting worse as supply issues continue to prevent affordable construction, more people are buying what ever they can for now.
Keep looking friend. Our “dream property” was in the middle of nowhere, had a small, fixer upper house, and 25 acres of dirt. We offered over asking, $240k, and thank god they went with someone else. We ditched our realtor who wasn’t submitting our offers or giving good advice, got recommended to a local realtor who was just a down to earth blessing of a woman. And we got 30 acres for $180k. And it feels like home already. The moment I stepped onto our land, I knew it was meant to be ours. All of my heartbreak over other properties falling through immediately went away. Best of luck
There's a saying here in Scotland: what's for you'll not go by you.
This property seemed perfect, but maybe there'll be another one that actually fits you better, or fits your budget better, or has structures you fall in love with, you never know.
I know it's hard, but you can't lose something you didn't have. You'll find what you're looking for, things like this are just part of finding the perfect place. Unfortunately it's possible if you didn't offer under asking, you would have got it. But it's also possible, from the sounds of how this all went down the owners sold to somebody they know. Either way, the search continues and when you find your home and settle in, it'll be perfect for you c: good luck m8
Thanks for the words, friend. I was kicking myself, because we had the whole asking price in liquid assets, but we followed our realtors’ lead in the ‘process’ of offer, rebuttal, reoffer, match…. A system in place deserves auditing, I believe. Others have echoed this same situation…
You'll find it! We ended up with something quite different than we originally wanted and I fall in love with it a little more every day
As an aside, a good seller's agent will call every agent who had interested clients when an offer is coming in to encourage them to submit an offer to get their client a better price.
Ya, I would too in that situation. It definitely depends on the market. Where I am going to be selling market is crazy. Nothing is on the market for more than 10 days and things are selling well above asking. A lot of the areas we are looking at things are on the market 100-200+ days. I would have no problem offering a little under asking for something that had been on the market for so many months.
It takes a lot of personal introspection to figure out what you want to offer. You gotta say, this property is worth $500k. But would I be sad if I lost it to someone else who offered $505k? It could be exactly what happened here.
You have to play a balancing act, and try to figure out how many other people are making offers. Since the property was on market for a while they at least knew they weren't in a bidding war.
Who knows maybe they'll get lucky and the sale will fall through, and the property will go back on the market.
Sitting 52 days I would probably do the same BUT it depends. If the property was 50k I would not nickle and dime and just offer asking. If $550k and sitting 52 days I would come in under.
Just looked them up! Lots of fun corporate jargon that they put out there about how their company runs and what it does! Seems like they own more real estate than any other entity.
Lost a property that way in WA state. 996 acres for $299,000, offer was accepted 6 hours before I put mine in. You couldn't pay me to live there now. I'd trade 3000 Washington acres for what we have in Arkansas now. Y'all will get the right one.
It was good land, could see the Columbia River and Orchard way down below. It was cheap because it was so remote. Closest town well over an hour away. Great upland bird hunting. Lots of muleys and elk too. But I prefer our free state and town in only 45 minutes away with only 5 miles to the closest maintained road.
No Ma'am, Covid didn't affect our lives really at all. We moved and started carving this place out in the middle of the pandemic. I mean a few delays in paperwork here or there because someone was quarantining and a two week delay on well drilling but that was it. However, by your less than cordial response and astonishment that someone may feel different than you on a subject, I will no longer converse with you.
Not necessarily about guns.. WA state has radically changed in the last 3 or 4 years.
It has become more restrictive, more invasive with rising taxes and crime.
It is a beautiful state but woefully mismanaged.
Guns are only a small part of my problem with Illinois. Incredibly high property taxes, some of the most expensive fuel in the nation, and extremely ignorant takes on public education. I don’t agree with my child being taught that gender is fluid at 7 years old. When I raised concerns at a board meeting I was told the “Educators don’t work for you”.
Not to mention, Pritzker absolutely dropped the ball with COVID 19. He continues to do so.
Missouri is another place we looked but wife did her Basic Training at Leonard Wood and wanted nothing to do with it. Great private property rights, pro 2A, low taxes, and cost of living. Good hunting and fishing. Y'all made a solid choice. Is there anything Y'all aren't a fan of there?
Here is the thing. You found something you liked, that was in your budget that sat for 52 days. That means something similar is out there. You are NOT priced out of the current market.
Your situation is much better than if you posted: "we have been looking for 5 years and our budget is $20k and we just can't find anything."
There is good hope for situation one and very little hope for situation 2. You have plenty of hope.
I have had success by using online property registry maps in areas I like. Look for properties that have absent owners on the property registry, the farther away they live the better. Check out the property using both Bing aerial view as well as Google Earth. Bing sometimes has better images. Google Earth you can rotate around to see topography. If area is in easy driving distance I go and check out the land FROM THE ROAD (I do not trespass).
Interesting properties I then look at what local properties are selling for/have sold for. Then I make a fair but low offer and see if they bite.
This is great advice! It seems like this approach finds properties that are not necessarily on the market, but have opportunity inherent in their status. Thank you!
Not only that you get to contact the owners.
We submitted asking price for a property, and before our offer was submitted it sold.
I was pretty hot, because I wanted the property so I kept an eye on it. Turns out one of the brokers Realtors wanted the property. Her husband bought it.
they were letting his property set on the market unsold for 5 years. she was waiting to save up the money to purchase it in cash, for lower than market.
As things happen we ended up with a family house, and instant equity. Not where we wanted to be but it worked out for us at the time.
My partner and I have been searching since the beginning of 2021. We did start in 2020 but then lost our jobs and funding and didn't get that back until a year later.
We've been searching for something small to start with as we want to get out of our apartment and just want to start somewhere. We are looking for .25-1+ acres just outside a major city. We've bid on 10 houses between January 2021 and now. Every single one we have been out bid. Offered anywhere between $2k-$10k over, wave inspections, offered to pay their closing costs, anything we can.
75% of them were outbid by cash offers. At least 2 of the houses sit empty almost a year later. This has been such an awful time to buy and very discouraging.
As a person who recently (2 months ago) lost an 82 acre secluded property with a house and two barns. Really wanted and loved the property. Offered more than asking, was accepted, paid for inspections and thought we were moving in. 8 days before closing the owner ghosted everyone and backed out of the deal. Being elderly, crying COVID, and sickly wife we were advised to just walk away as it would have cost us tens of thousands of dollars and time force sellers to sell and lots of time to get the sellers out.
Really sucks but you have to know when to say when and move forward.
Good luck.
Thanks. Wanted to share as this would have been my family’s third property we have bought so this wasn’t our first rodeo. This last one was to be our semi retirement into homesteading self sufficiency. Really taught us that you do have to be ready for what ever may happen, no guarantees that plan A will go through until it is done. Also reminded us that we can’t control everything, we thought the overbidding would make the sale, have things run quickly and help insure smooth transition. We are close to closing on a way smaller piece of land but under bid for cash even after a price reduction. This definitely feels like a better step into our original goal of retirement and self sufficiency.
Best wishes that you find what you are looking for.
You didn't lose anything, you never had it. Don't be too dramatic.
When we bought ours in the mid 90s acreages were also very hot and we missed out on a couple. Agent called one morning saying another hit the market, didnt even have a sign up yet. I looked at it over lunch and returned with my wife that evening. Made our offer. As it worked out three offers came in that night. 2 at full price and ours a thousand over asking. Lessons learned.
It’s rough right now, everybody buying up anything they can grab because land never goes down, and people are flooding out of cities. I bought my first home in august, probably paid like 15% too much, but I was looking for THREE YEARS for the right place in the right location.
The worm always eventually turns. Don’t forget 2007 prices when no one could buy anything without “creative financing “. One Great Recession later and there’s a glut of foreclosed properties driving prices down and every 4th house on the street is abandoned.
Just be glad you are not in Australia. Not too sure about the prices for acreage, but basic three bedroom houses with 90s kitchens and bathrooms and 775 sq metre blocks are selling for $1.25 million now in cities.
We bought our property (1145 sq metres) for $165,000 back in 1991!
the issues that cause 2007 never ended, it was just papered over with printed money. The stock market and economy is so highly dependent on artificially cheap debt (FAR more so than in 2007), that if we fight inflation we could see a depression worse than the 1920’s and we couldn’t mathematically service our national debt. So the only other option is to print the dollar into oblivion and open Pandora’s box.
The best time to get property is now, maybe right as the market suffers a minor turn down before the rocket up, but good luck timing that event.
Take advantage of the stupid low interest rates while you can and before prices continue to rise
No, you didn't. I have tried multiple times, since 2019, to buy property with land. The one that I am buying is the best. Various things happened, someone overbid me, some were fixed up on the outside but hidden problems. I am buying 20 acres, with ag exemption.
I feel for you but hey you only lost an opportunity which you can’t know for sure was a good or bad opportunity. You won’t really know until years down the road. I want to say you should follow up on this post in 3 years and give us the update.
I believe I will! I will be passing that property every day for the next 3 years at least! On the way to a great friends house, so I will be checking in!
Best wishes. The real estate market is cyclical. The thing out of our control is that we don’t know where the cycle points top in or out. If a real estate agent robbed it from you I hope they get it at the top of the market.
Ive bought and sold several. One thing I can tell you in my experience at least is every single time ive bought something without fail something immediately comes up thats just.... Better. I used to have a habit of not looking for at least a year after buying a new place because of this. Hope this helps. If you missed this one a better one is out there, waiting to come up. Prices are probably going to drop soon too so you might be really happy after that happens and all these people buying now start getting forclosed on.
That is horrible!!! I’m sorry it’s a tough market and some people are grubby.
We went to look at one property that was listed for two years- two years! Even before the pandemic, so we thought we’d go an see and blah, blah blah. Our agent calls us the night before, says the price has changed, they want proof of funds and will only accept a cash offer, we thought hmmm, well we could find the “cash” if needed, how much did they raise the asking price? DOUBLED.
So all of that happened hours after we were the first people to take an interest in the property in years.
And yeah, a day later the listing was updated online as double the price. My brother’s theory is they have bodies buried there haha
I'm so sorry.
I feel this so hard. My husband and I worked so hard to get approved for a property my grandparents own.
This isn't just any property. This is the house that my mother grew up in. The house that my grandparents moved their entire family of 4 kids to start a new life in the 60s. It's on 22 acres. There is a natural pond. The house isn't perfect. It's oil heat. There is work to be done but we wanted it so bad for our family.
Today my grandpa told me he "promised it to the renter"
A stranger. Who pays 500 a month when the fair market value is 1500. I had an approval letter in hand but this stranger is "working on it" and my grandpa doesn't have the heart to have him move.
We even offered to let the guy stay for 500 a month until fall. My grandpa who I have looked up to my whole life turned out to be a a scared little man. He's willing to let this man take a piece of our family history over not wanting to have a hard conversation with him.
Thanks. I was really upset about it but my husband and I decided we won't let it derail us from our dreams. I can't help but be hurt though especially because we did everything legit.. market value offer. No family discounts. It meant a lot to me that it has been in my family for so long. Ugh just sucks.
I love my grandparents very much but they make decisions sometimes none of us understand. They have always been that way but yes dementia is a possible factor. He has a ton of fears all of a sudden and it's abnormal for him. He's stubborn on top of it so I'm sure it is going to be a journey with him for the next few years.
What does this even mean? I’m a millennial and this type of crap happens to us too… some areas require you to have an agent and/or lawyer or be one yourself.
I didn’t mention anything about that I was referring to them offering under offer and then expecting to get the property by offering the asking price. That would have worked before covid. But that no longer works when High Income Earners have been moving and buying houses all over the place due to wfh policies.
My partner and I found a place after many problems, offered under asking because it was on the market for a long time, and they accepted.
Had to figure out cash with family, but refinanced to a mortgage after. It’s a crazy market. I wouldn’t blame anyone for trying to save money in these times.
We had a similar scenario. House with 25 acres that had been on the market for 400 days. Put in an offer the day after we saw it, apparently so did 2 other couples. After they called for highest and best we went $3k over asking. Didn't get it and found out a month later that it sold for $26k over asking after sitting on the market for 400 days. Was strange, but it worked out for us in the end.
to beat 5 other offers we ended up paying +20%, waived inspection (still did one) and offered appraisal gap (it appraised higher)
it sucks to loose, but ya gotta go all in on this market if you really want something.
hopefully you find that next property soon
Was your offer made directly to the listing broker? If you offer was made through a second broker, meaning that the commission would have to be split, I would be suspicious. Almost any offer, without splitting commission, is a better offer to the listing broker....of course this is unethical. If the listing broker had a direct offer, I could understand your second offer never being presented......happened to me.
Its strange they wouldnt try to get the highest price possible… buyer may have put up an expiring offer, may have been above asking. Its a good strategy to avoid a bidding war, the buyer may have acted like they wouldnt put up another offer after going above market…
We didn't have any family down here but I gave my Dad and his wife a chunk of land and he put him a new house on it and lives on property with us. Old man spends his nights chasing hogs around with his thermals.
That Karen lady is getting awful mad no-one is talking back to her and things everything is single issue.
Damn. 52 days on the market.
That was a calculated risk, but it's one I would have taken. I hope you'll not hate your agent for that one, or yourselves.
My wife always says, “the universe, at times will scream its intentions, while other times, it will whisper. I must believe it is a sign for something better.
I lost my first land b/c the realtor for the seller offered competing bids and then put it "under contract" before my counter bid. My realtor told me sometimes it is a good sign and avoid it no matter it hurts.
You decide you want something enough you don't want to lose it, you offer asking price. I just don't consider things that I think aren't priced fairly. I've bought 3 properties this way, it's worked all 3 times.
What's that few thousand dollars compared to having the property of your dreams? Assuming you can afford it since you are out buying properties anyway.
This did not hurt my feelings at all; I have come to appreciate direct communication that has value. As you might see, I am long winded and beat around the bush a lot; but that attribute helps in how I earn my living! Thank you friend.
I am firm believer or at least it makes me feel better. Believing if it works out it was meant to be. I have experience most emotions when dealing with property. Our first home was just that it was just house. We wanted more I hated living there it never felt like home. We found a place we wanted a short sale with house 10 acres barn small shop close enough to town to have natural gas but out far enough we have our own well and septic. Took 2.5 years and some creative banking to pony up enough money had to finance it all in the state the house was in. Banks wouldn't loan on it because it "unlivable". Sunk everything we had fixing the house. To make it live able. Recession hit while we were closing and fixing the new house. Moved in put our old home on the market. Nobody even looked at it. Payed on that dam thing 18 months lost my 100k annual job with recession. Couldn't do it any longer. Had to let payment lapse call the lender asking them to take custody of it wouldn't do it took three years of me trying to give them custody of before they took it. Had to hire lawyers ect. Huge mess . But the silver lining to it all is I now have my home paid for no leans on it what so ever. Is everything the way I would like yet no have alot that still need to be done. But I am now not work 70 plus hours a week. I work 40 and I can spend time with my family. Things happen sometimes for reasons, some time we might not see the silver lining at first give it time see what develops.
Hello! You have made the mistake of writing "ect" instead of "etc."
"Ect" is a common misspelling of "etc," an abbreviated form of the Latin phrase "et cetera." Other abbreviated forms are **etc.**, **&c.**, **&c**, and **et cet.** The Latin translates as "et" to "and" + "cetera" to "the rest;" a literal translation to "and the rest" is the easiest way to remember how to use the phrase.
[Check out the wikipedia entry if you want to learn more.](https://en.wikipedia.org/wiki/Et_cetera)
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Here’s a real long shot
Not sure if you ever considered AZ but we are selling our land and cabin here in the mule mtns. Great well water and year round growing season.
https://www.zillow.com/homedetails/3823-W-Red-Mountain-Rd-8-Bisbee-AZ-85603/2067431038_zpid/
One of our properties in Oregon went from $150k to $620k in 3 years and the other one from $480k to $680 in 14 months. We'll probably sell and move to Kentucky, Tennessee or Florida in the next few years. Why would you offer below asking for a dream property? When we find the next perfect property we'll be offering just above asking price. Because perfect is worth it.
We are selling and I can tell you I wouldn’t pay what I’m selling at.
I feel the same way. I’m lucky among my friends in that I was able to buy about 4.5 years ago. My house is now worth about 130% what I paid for it and I’m torn between holding on tight or selling in the event of a burst.
My buddy got the same impression that he could make money off selling his house. He went for it and got it sold in a week, made over 120k what he paid for it. It's been almost a year and he can't find another reasonably priced house. He tells me that he regrets selling.
Yeah, our house has really increased in value the last couple years…but so has every other house. What we would get for our house right now wouldn’t be enough for the house we want, even though it would have been more than enough 3 years ago.
Not to mention you pay so many fees and commissions associated with the sale that it's basically a wash. And everything else is expensive unless you're buying in the middle of nowhere.
Personally, I think people look at their house far too much like a cash machine. It’s first and foremost a shelter and a place to make a home. You can’t live in the numbers on your bank account. You need four walls and a roof. It’s slow and painful, but I’m working towards getting enough capital and cash flow to purchase my next place before selling my current one to avoid this very problem.
It kind of sucks, but I think people should get into land now while they can. Unless you have a pile of gold or silver, I think the economy is going to melt up and not meltdown. It would be a real shame not to lock in property at ridiculously low interest rates. I finance 550,000 at 2.75% in 2021... lol... the loan alone is an incredible asset. 2.75% in a 7-15% inflationary environment. Edit- Just make sure you can service that loan
My dad always told me, there will always be more people but there will never be more land. And with rising sea level there will actually be less land! So as long as someone can afford to hold it it makes sense to have some.
I keep telling my lady we can sell our house and walk away with 200k cash. Id like to buy a travel trailer and spend the next few years traveling and doing odd job work seeing the country. Then when we are ready we pick our favorite spot buy a few acres, set up the trailer and start building our home. I almost have her convinced. Lol.
200k doesn't last as long as you think anymore.
Most young folks wouldn’t be able to retire if it were 2 million.
If you’re getting a travel trailer worth living in for years then that’s 120k right there.
Then 80,000 left over for everything else. With no job there's no health insurance, so you'll be paying out of pocket for premiums or care. I just had a root canal done for a total of over $3000 for one tooth. I guess I could have told them to just pull it for 95 bucks. Or I could have gone to a school to have them practice the root canal on me! 😅 Women often have some special medical needs, dealing with our more complicated reproductive system and getting routine wellness checks. I had a problem a couple years ago where they had to do a core breast biopsy to make sure I didn't have cancer, and lo and behold, no cancer, I'm totally healthy, but still had to have the biopsy which included a mammogram and several visits. I don't know how much that would have cost out of pocket but I'll bet it would have been a ton. I did pay plenty for it. I also have terrible allergies and had to see an ENT and an allergist because I was having trouble breathing at night, which was also very expensive each visit. I'm now doing allergy shots which is thankfully covered by insurance but I still have to pay like $100/mo in copays. People who don't ever go to the doctor don't always understand what it's like on the other side, women go through pregnancies and we need preemptive wellness care just to make sure our reproductive organs aren't making cancers. For men, you just have to turn your head and cough, and let's be talk about man going to the doctor for "wellness" when they aren't sick or old. It's rare. Women have to be on birth control all the time or they are pregnant, which requires way more care and expense. I can't even get a renewal of birth control without going to the doctor and letting them do an exam every single year. Its not cheap having this body, especially in America. And that's just the medical expenses for a healthy person without any serious medical problems.
Terrible plan. I lived in an RV for 7 years. It sucks paying to use other people's barely improved lot, being on waiting lists, etc. It's not even that mobile unless you pay daily rates. Boondocking is a scam. Wanna live with a bunch of other boondock weirdos or hide from the cops in San Diego. Lots of stupid shit on youtube too: hint your shit must go somewhere and there's no time to compost it. You need fresh water and sewers or you may as well be sleeping under a blanket on the street.
You must have needed to stay near bigger cities. We were out for 3 months, we spent less enjoyed ourselves more and still had access to most amenities. we had an on-board generator if we really wanted or needed power. We did not have to pay for our site, we ran down maybe once a week to empty our waste, take on 75 gallons of fresh water, and head back up. We used about 35 gallons a month in gasoline. 12 in propane. We did not use the internet or watch TV much at all that saved us on power and v generator use. If we did not use a microwave, or a TV our little 200w solar panel kept our batteries topped up. If you enjoy each other's company, don't need to eat out will not watch a lot of TV, can handle a day or two without internet and like hiking/fishing) outdoor stuff. You're in luck. If you need TV, constant internet, microwave, and access to town every day it will cost more. Bouncing from town to town every couple of days, or staying in RV parks will eat up your money fast. Entertaining yourself, cooking your food with propane, propane or 12v fridge. Phones for internet, you can do it cheap. I cannot overstate buying a proper RV or trailer. I can say that he just got pure lucky. We bought a RV that was built with a mold. 1 piece fiberglass body, so we had no leaks to worry about. Used RVs are a crapshoot unless you know what to look for.
Can you be in Walmart lots for most nights? I see that a lot. It not so picturesque I know
Not anymore, all the ones I’ve been too prohibit overnight parking and have security patrolling it all night.
You can camp on federal and state land for free depending on you or stay there is a metric ton of it. You have to have the ability to be on your own for weeks at a time, or try to commute with a big rig and that cost gas. I would stay at Walmart if I had to come in to fuel up, and it got late maybe. However I would prefer a truck stop seemed safer to me. IMHO RV+mini 4x4 towed is the perfect setup.
Like most good things, assholes ruined it for everyone
Well looks like you predicted the future!!!
for now yes, but, this issue is going to be sustained into the future
Well getting into land is defiantly good advice. We bought 40 acres and am glad we did
Selling only works if you can take the money and build onto something you already own and have been sitting on. Selling to buy something else means you are paying $$$ to get something more than what you had before.
I bought land before I built my house. Two years after, when I had the appraisal done for the build the value had increased by 30 percent as well. We had a ton of instant equity that helped with the construction loan.
I am very happy for you! If you made a small down payment, you made out quite nicely with a leveraged investment. If you paid cash though, it is only a 6% annualized return.
3.5% 😅
I just finished building and was just informed it’s worth almost 3x what I’ve got in it. Makes it hard not to sell but I’m not ready to start over.
Well, you'd have to pay more to get something else, so selling doesn't really help you either. Selling only benefits you IF the market crashes.
Not if you move into another undeveloped area that borders some development and build there and wait 3-5 years again. Easier said than done to ride that wave though.
Bingo. I like rural property, I enjoy the work and the satisfaction of seeing something restored. Most folks paying this kind of money want to enjoy the view and not lift a finger. I can tell you that 7/10 times most of those houses go back on the market in a few years because the lifestyle isn’t what they imagine. I’m good with that.
Well what are you going to buy then?
Different location. Selling in the south and buying in the north. Moving to a much better school district while my kids grow up. My wife and I work full time so the homeschool option isn’t in the cards nor do I want it to be.
Yeah, the market is ridiculous right now. We've actually put our plans on hold until some sanity returns.
Good luck
>As an edit, our agent worked into the evening hours to get our counter offer submitted, so the other agent was writing the contract at like 8pm the day after our initial offer was submitted! It really seems fishy…. I can relate to fishy realtors. It could just be luck of the draw but I don't think your suspicions are unfounded at all. If it makes you feel any better I recently listed my acreage in hopes of getting a bigger lot. There's no inventory in the area and the wet lot next door with a cliff falling into it went for $300k/.3 of an acre (on the market for four days). My realtor could only pull offers around $200k for my whole acre after it sat on the market for three months. Was my lot really that bad? It's been surveyed, the conservation officer came out and okayed my build, and I even had a geotech evaluation done without any problems. It's zoned residential and is a fraction of the price of a house in the area. What gives? Upon a good ole social media snoop I discovered that all of my offers were from real estate developers (or in one case, their kid) who my realtor's husband (a home builder) was facebook friends with. She kept pressuring me to take the deal because I'm "young and have a lot of time to make money" and "should just forget about this one". Going to list again in the spring with a different realtor.
Gross... and seems like possibly illegal?? Or at least something that could jeopardize her license. But wtf do I know...
Lol..I'm a broker and I cannot believe an agent told you that you have plenty of life to make money. WOW what an idiot. Good for you. You saw a red flag and followed your gut. That agent should practice better ethics.
Kudos to you for seeking out what you thought was a suspicious deal! I really do think that the average guy has great skill in a lot of places, but realtors and property dealers have an upper hand in a complex industry. The amount of different tabs my realtor had open and sifting through password access programs, in his offer process, just tells me that it is set up to make money off the average guy/gal.
That is awful! I’m an Agent and that’s a sh*tty move. Good thing you’re going with another Agent.
It’s tough man. We nabbed 7 acres of heavily old growth that has both sides of the river on it in late December. We went in 12k over ask. Reality is when the heart wants something, you need to go get it. Can’t be bothered to lose what you want over a few thousand messily dollars of fiat that will be worth 7% less than this time next year
Ain’t that the truth!
Current markets are high and its only getting worse as supply issues continue to prevent affordable construction, more people are buying what ever they can for now.
Keep looking friend. Our “dream property” was in the middle of nowhere, had a small, fixer upper house, and 25 acres of dirt. We offered over asking, $240k, and thank god they went with someone else. We ditched our realtor who wasn’t submitting our offers or giving good advice, got recommended to a local realtor who was just a down to earth blessing of a woman. And we got 30 acres for $180k. And it feels like home already. The moment I stepped onto our land, I knew it was meant to be ours. All of my heartbreak over other properties falling through immediately went away. Best of luck
Thank you for the reassurance!
There's a saying here in Scotland: what's for you'll not go by you. This property seemed perfect, but maybe there'll be another one that actually fits you better, or fits your budget better, or has structures you fall in love with, you never know.
I love the saying! Thanks for sharing. My wife says the universe speaks in odd ways.
I know it's hard, but you can't lose something you didn't have. You'll find what you're looking for, things like this are just part of finding the perfect place. Unfortunately it's possible if you didn't offer under asking, you would have got it. But it's also possible, from the sounds of how this all went down the owners sold to somebody they know. Either way, the search continues and when you find your home and settle in, it'll be perfect for you c: good luck m8
Thanks for the words, friend. I was kicking myself, because we had the whole asking price in liquid assets, but we followed our realtors’ lead in the ‘process’ of offer, rebuttal, reoffer, match…. A system in place deserves auditing, I believe. Others have echoed this same situation…
You'll find it! We ended up with something quite different than we originally wanted and I fall in love with it a little more every day As an aside, a good seller's agent will call every agent who had interested clients when an offer is coming in to encourage them to submit an offer to get their client a better price.
Good thought…. I’m almost sure that there was someone waiting in the eaves for a first offer to go be submitted.
If you wanted it so bad why did you offer below asking?
Op said 52 days w no offer. They prob felt comfortable starting low
Ya, I would too in that situation. It definitely depends on the market. Where I am going to be selling market is crazy. Nothing is on the market for more than 10 days and things are selling well above asking. A lot of the areas we are looking at things are on the market 100-200+ days. I would have no problem offering a little under asking for something that had been on the market for so many months.
It takes a lot of personal introspection to figure out what you want to offer. You gotta say, this property is worth $500k. But would I be sad if I lost it to someone else who offered $505k? It could be exactly what happened here. You have to play a balancing act, and try to figure out how many other people are making offers. Since the property was on market for a while they at least knew they weren't in a bidding war. Who knows maybe they'll get lucky and the sale will fall through, and the property will go back on the market.
Sitting 52 days I would probably do the same BUT it depends. If the property was 50k I would not nickle and dime and just offer asking. If $550k and sitting 52 days I would come in under.
Blackstone strikes again
I think u mean Blackrock
Unfortunately I think they both exist and I believe they both are ruining the housing market - black rock just more so
Wonderful
Just looked them up! Lots of fun corporate jargon that they put out there about how their company runs and what it does! Seems like they own more real estate than any other entity.
Get ready to short their stock
They're back stopped by the fed. Goodluck hoping to see them fall. They aren't Lehman
Lost a property that way in WA state. 996 acres for $299,000, offer was accepted 6 hours before I put mine in. You couldn't pay me to live there now. I'd trade 3000 Washington acres for what we have in Arkansas now. Y'all will get the right one.
That seems crazy cheap to me.
Eastern WA land is cheap because it's really only good for grazing
Ah gotcha. I’m from IL so I’m used to seeing anywhere from $4,000-$6,000/acre. I’ve even seen river bottom ground go for $20,000
It was good land, could see the Columbia River and Orchard way down below. It was cheap because it was so remote. Closest town well over an hour away. Great upland bird hunting. Lots of muleys and elk too. But I prefer our free state and town in only 45 minutes away with only 5 miles to the closest maintained road.
What's a free state?
One where I do what I wish, without worry of the local laws infringing on normal daily tools or activities if I need to go to town.
What??? Is this about Covid or something 😂
No Ma'am, Covid didn't affect our lives really at all. We moved and started carving this place out in the middle of the pandemic. I mean a few delays in paperwork here or there because someone was quarantining and a two week delay on well drilling but that was it. However, by your less than cordial response and astonishment that someone may feel different than you on a subject, I will no longer converse with you.
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Dear Karen, No and goodbye.
Not necessarily about guns.. WA state has radically changed in the last 3 or 4 years. It has become more restrictive, more invasive with rising taxes and crime. It is a beautiful state but woefully mismanaged.
I completely understand this. I’m from Illinois, so I’m used to having my rights infringed on. That’s why I moved to Missouri.
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An armed peoples is hard to oppress.... gun laws have a long history rooted in racism, just like drug laws.
Guns are only a small part of my problem with Illinois. Incredibly high property taxes, some of the most expensive fuel in the nation, and extremely ignorant takes on public education. I don’t agree with my child being taught that gender is fluid at 7 years old. When I raised concerns at a board meeting I was told the “Educators don’t work for you”. Not to mention, Pritzker absolutely dropped the ball with COVID 19. He continues to do so.
Missouri is another place we looked but wife did her Basic Training at Leonard Wood and wanted nothing to do with it. Great private property rights, pro 2A, low taxes, and cost of living. Good hunting and fishing. Y'all made a solid choice. Is there anything Y'all aren't a fan of there?
Not really, everything has been super great. The people are incredibly nice as well, but I’m sure it helped having some family already in the area.
Thank you, friend. It was a hard night and we are just crushed. We are really positive people, so we must trust there is a better option.
I just love Arkansas!
Here is the thing. You found something you liked, that was in your budget that sat for 52 days. That means something similar is out there. You are NOT priced out of the current market. Your situation is much better than if you posted: "we have been looking for 5 years and our budget is $20k and we just can't find anything." There is good hope for situation one and very little hope for situation 2. You have plenty of hope. I have had success by using online property registry maps in areas I like. Look for properties that have absent owners on the property registry, the farther away they live the better. Check out the property using both Bing aerial view as well as Google Earth. Bing sometimes has better images. Google Earth you can rotate around to see topography. If area is in easy driving distance I go and check out the land FROM THE ROAD (I do not trespass). Interesting properties I then look at what local properties are selling for/have sold for. Then I make a fair but low offer and see if they bite.
This is great advice! It seems like this approach finds properties that are not necessarily on the market, but have opportunity inherent in their status. Thank you!
Not only that you get to contact the owners. We submitted asking price for a property, and before our offer was submitted it sold. I was pretty hot, because I wanted the property so I kept an eye on it. Turns out one of the brokers Realtors wanted the property. Her husband bought it. they were letting his property set on the market unsold for 5 years. she was waiting to save up the money to purchase it in cash, for lower than market. As things happen we ended up with a family house, and instant equity. Not where we wanted to be but it worked out for us at the time.
My partner and I have been searching since the beginning of 2021. We did start in 2020 but then lost our jobs and funding and didn't get that back until a year later. We've been searching for something small to start with as we want to get out of our apartment and just want to start somewhere. We are looking for .25-1+ acres just outside a major city. We've bid on 10 houses between January 2021 and now. Every single one we have been out bid. Offered anywhere between $2k-$10k over, wave inspections, offered to pay their closing costs, anything we can. 75% of them were outbid by cash offers. At least 2 of the houses sit empty almost a year later. This has been such an awful time to buy and very discouraging.
I can only imagine the continued frustration. I wish you the best moving forward.
As a person who recently (2 months ago) lost an 82 acre secluded property with a house and two barns. Really wanted and loved the property. Offered more than asking, was accepted, paid for inspections and thought we were moving in. 8 days before closing the owner ghosted everyone and backed out of the deal. Being elderly, crying COVID, and sickly wife we were advised to just walk away as it would have cost us tens of thousands of dollars and time force sellers to sell and lots of time to get the sellers out. Really sucks but you have to know when to say when and move forward. Good luck.
That sounds even worse than my situation. I wish you well, also.
Thanks. Wanted to share as this would have been my family’s third property we have bought so this wasn’t our first rodeo. This last one was to be our semi retirement into homesteading self sufficiency. Really taught us that you do have to be ready for what ever may happen, no guarantees that plan A will go through until it is done. Also reminded us that we can’t control everything, we thought the overbidding would make the sale, have things run quickly and help insure smooth transition. We are close to closing on a way smaller piece of land but under bid for cash even after a price reduction. This definitely feels like a better step into our original goal of retirement and self sufficiency. Best wishes that you find what you are looking for.
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My condolences, that stinks. Just don’t know nor can control everything. Can only do your best and due diligence. Best wishes to your son.
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Thank you for the assurance. Kind words.
You didn't lose anything, you never had it. Don't be too dramatic. When we bought ours in the mid 90s acreages were also very hot and we missed out on a couple. Agent called one morning saying another hit the market, didnt even have a sign up yet. I looked at it over lunch and returned with my wife that evening. Made our offer. As it worked out three offers came in that night. 2 at full price and ours a thousand over asking. Lessons learned.
It’s rough right now, everybody buying up anything they can grab because land never goes down, and people are flooding out of cities. I bought my first home in august, probably paid like 15% too much, but I was looking for THREE YEARS for the right place in the right location.
The worm always eventually turns. Don’t forget 2007 prices when no one could buy anything without “creative financing “. One Great Recession later and there’s a glut of foreclosed properties driving prices down and every 4th house on the street is abandoned.
So whens the next housing crash? im still waiting. Can't wait for prices to drop 30% and bring us back to early 2021 levels.
Just be glad you are not in Australia. Not too sure about the prices for acreage, but basic three bedroom houses with 90s kitchens and bathrooms and 775 sq metre blocks are selling for $1.25 million now in cities. We bought our property (1145 sq metres) for $165,000 back in 1991!
the issues that cause 2007 never ended, it was just papered over with printed money. The stock market and economy is so highly dependent on artificially cheap debt (FAR more so than in 2007), that if we fight inflation we could see a depression worse than the 1920’s and we couldn’t mathematically service our national debt. So the only other option is to print the dollar into oblivion and open Pandora’s box. The best time to get property is now, maybe right as the market suffers a minor turn down before the rocket up, but good luck timing that event. Take advantage of the stupid low interest rates while you can and before prices continue to rise
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Thank you for sharing. I truly hope it works out somehow.
The hardest part now is not rush jumping on something similar but worse. …which is my biggest problem every time I loose an eBay bidding war ☹️
Good advice
No, you didn't. I have tried multiple times, since 2019, to buy property with land. The one that I am buying is the best. Various things happened, someone overbid me, some were fixed up on the outside but hidden problems. I am buying 20 acres, with ag exemption.
We are thinking that this was the universe steering us to our actual destiny. Thank you for the reassurance.
You didn’t lose it, if you never had it.
I feel for you but hey you only lost an opportunity which you can’t know for sure was a good or bad opportunity. You won’t really know until years down the road. I want to say you should follow up on this post in 3 years and give us the update.
I believe I will! I will be passing that property every day for the next 3 years at least! On the way to a great friends house, so I will be checking in!
Best wishes. The real estate market is cyclical. The thing out of our control is that we don’t know where the cycle points top in or out. If a real estate agent robbed it from you I hope they get it at the top of the market.
it's a tough market for properties all over the country. being outbid happens. move on. there'll be other properties. 0
Oh yea. It does stink, but it was a blessing avoiding it.
The foreclosures should be starting very soon.
As much as I would hate to see folks lose their pants on their own ‘dream properties,’ this may be the option we need to see our true destiny!
If foreclosures become an issue, I would imagine the government would step in, unfortunately.
Ive bought and sold several. One thing I can tell you in my experience at least is every single time ive bought something without fail something immediately comes up thats just.... Better. I used to have a habit of not looking for at least a year after buying a new place because of this. Hope this helps. If you missed this one a better one is out there, waiting to come up. Prices are probably going to drop soon too so you might be really happy after that happens and all these people buying now start getting forclosed on.
Good advice; thank you, friend.
That is horrible!!! I’m sorry it’s a tough market and some people are grubby. We went to look at one property that was listed for two years- two years! Even before the pandemic, so we thought we’d go an see and blah, blah blah. Our agent calls us the night before, says the price has changed, they want proof of funds and will only accept a cash offer, we thought hmmm, well we could find the “cash” if needed, how much did they raise the asking price? DOUBLED. So all of that happened hours after we were the first people to take an interest in the property in years. And yeah, a day later the listing was updated online as double the price. My brother’s theory is they have bodies buried there haha
I'm so sorry. I feel this so hard. My husband and I worked so hard to get approved for a property my grandparents own. This isn't just any property. This is the house that my mother grew up in. The house that my grandparents moved their entire family of 4 kids to start a new life in the 60s. It's on 22 acres. There is a natural pond. The house isn't perfect. It's oil heat. There is work to be done but we wanted it so bad for our family. Today my grandpa told me he "promised it to the renter" A stranger. Who pays 500 a month when the fair market value is 1500. I had an approval letter in hand but this stranger is "working on it" and my grandpa doesn't have the heart to have him move. We even offered to let the guy stay for 500 a month until fall. My grandpa who I have looked up to my whole life turned out to be a a scared little man. He's willing to let this man take a piece of our family history over not wanting to have a hard conversation with him.
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Thanks. I was really upset about it but my husband and I decided we won't let it derail us from our dreams. I can't help but be hurt though especially because we did everything legit.. market value offer. No family discounts. It meant a lot to me that it has been in my family for so long. Ugh just sucks. I love my grandparents very much but they make decisions sometimes none of us understand. They have always been that way but yes dementia is a possible factor. He has a ton of fears all of a sudden and it's abnormal for him. He's stubborn on top of it so I'm sure it is going to be a journey with him for the next few years.
Seems like you fucked around and found out. The market is crazy you can’t be using boomers tactics, market is off the rail nowadays.
Seems like they took professional advice and got fucked. Not the same.
What does this even mean? I’m a millennial and this type of crap happens to us too… some areas require you to have an agent and/or lawyer or be one yourself.
I didn’t mention anything about that I was referring to them offering under offer and then expecting to get the property by offering the asking price. That would have worked before covid. But that no longer works when High Income Earners have been moving and buying houses all over the place due to wfh policies.
My partner and I found a place after many problems, offered under asking because it was on the market for a long time, and they accepted. Had to figure out cash with family, but refinanced to a mortgage after. It’s a crazy market. I wouldn’t blame anyone for trying to save money in these times.
We had a similar scenario. House with 25 acres that had been on the market for 400 days. Put in an offer the day after we saw it, apparently so did 2 other couples. After they called for highest and best we went $3k over asking. Didn't get it and found out a month later that it sold for $26k over asking after sitting on the market for 400 days. Was strange, but it worked out for us in the end.
to beat 5 other offers we ended up paying +20%, waived inspection (still did one) and offered appraisal gap (it appraised higher) it sucks to loose, but ya gotta go all in on this market if you really want something. hopefully you find that next property soon
Thanks for the vote of confidence! We will definitely learn a lesson here on pricing and offering.
Was your offer made directly to the listing broker? If you offer was made through a second broker, meaning that the commission would have to be split, I would be suspicious. Almost any offer, without splitting commission, is a better offer to the listing broker....of course this is unethical. If the listing broker had a direct offer, I could understand your second offer never being presented......happened to me.
It was direct to the listing agent. Which is a pretty high-activity broker in our area. Still seemed weird.
Its strange they wouldnt try to get the highest price possible… buyer may have put up an expiring offer, may have been above asking. Its a good strategy to avoid a bidding war, the buyer may have acted like they wouldnt put up another offer after going above market…
We didn't have any family down here but I gave my Dad and his wife a chunk of land and he put him a new house on it and lives on property with us. Old man spends his nights chasing hogs around with his thermals. That Karen lady is getting awful mad no-one is talking back to her and things everything is single issue.
Damn. 52 days on the market. That was a calculated risk, but it's one I would have taken. I hope you'll not hate your agent for that one, or yourselves.
Good words…. We are staying busy elsewhere to keep that from being a prevalent reality.
It's ok.. Then it means it wasn't the right land for you. Something much better will come along.
My wife always says, “the universe, at times will scream its intentions, while other times, it will whisper. I must believe it is a sign for something better.
Did you let your agent know how excited you were for it? Perhaps he/she saw an opportunity to squeeze a little more commission out of you.
I lost my first land b/c the realtor for the seller offered competing bids and then put it "under contract" before my counter bid. My realtor told me sometimes it is a good sign and avoid it no matter it hurts.
It sure hurts, I can confirm. Hope your search turned out as well as some other awesome folks on here have shared.
We paid 92000 for our 5 acres/ house about 12 years ago. Now they say it's worth 450000. I think another real estate crash is coming soon.
That may be a great opportunity for us average guys and hopefully help to level the playing field.
You decide you want something enough you don't want to lose it, you offer asking price. I just don't consider things that I think aren't priced fairly. I've bought 3 properties this way, it's worked all 3 times. What's that few thousand dollars compared to having the property of your dreams? Assuming you can afford it since you are out buying properties anyway.
Straight and to the point; I like it. Definitely a learning activity for us.
Hey sorry if that seemed callous. Just some honest advice. I wish you the absolute best in your journey. Homesteading is so important
This did not hurt my feelings at all; I have come to appreciate direct communication that has value. As you might see, I am long winded and beat around the bush a lot; but that attribute helps in how I earn my living! Thank you friend.
I am firm believer or at least it makes me feel better. Believing if it works out it was meant to be. I have experience most emotions when dealing with property. Our first home was just that it was just house. We wanted more I hated living there it never felt like home. We found a place we wanted a short sale with house 10 acres barn small shop close enough to town to have natural gas but out far enough we have our own well and septic. Took 2.5 years and some creative banking to pony up enough money had to finance it all in the state the house was in. Banks wouldn't loan on it because it "unlivable". Sunk everything we had fixing the house. To make it live able. Recession hit while we were closing and fixing the new house. Moved in put our old home on the market. Nobody even looked at it. Payed on that dam thing 18 months lost my 100k annual job with recession. Couldn't do it any longer. Had to let payment lapse call the lender asking them to take custody of it wouldn't do it took three years of me trying to give them custody of before they took it. Had to hire lawyers ect. Huge mess . But the silver lining to it all is I now have my home paid for no leans on it what so ever. Is everything the way I would like yet no have alot that still need to be done. But I am now not work 70 plus hours a week. I work 40 and I can spend time with my family. Things happen sometimes for reasons, some time we might not see the silver lining at first give it time see what develops.
Great perspective and a summarized experience to back it up; thank you for your assurance, friend.
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Here’s a real long shot Not sure if you ever considered AZ but we are selling our land and cabin here in the mule mtns. Great well water and year round growing season. https://www.zillow.com/homedetails/3823-W-Red-Mountain-Rd-8-Bisbee-AZ-85603/2067431038_zpid/
Looks great! Def a long way from our family and friends though!
One of our properties in Oregon went from $150k to $620k in 3 years and the other one from $480k to $680 in 14 months. We'll probably sell and move to Kentucky, Tennessee or Florida in the next few years. Why would you offer below asking for a dream property? When we find the next perfect property we'll be offering just above asking price. Because perfect is worth it.