No Profanity *** No Flaming *** No Advertising *** No Anti Trappers *** No Politics
No Non-Target Catches *** No Links to Anti-trapping Sites *** No Avoiding Profanity Filter


Home~Trap Talk~ADC Forum~Trap Shed~Wilderness Trapping~International Trappers~Fur Handling

Auction Forum~Trapper Tips~Links~Gallery~Basic Sets~Convention Calendar~Chat~ Trap Collecting Forum

Trapper's Humor~Strictly Trapping~Fur Buyers Directory~Mugshots~Fur Sale Directory~Wildcrafting~The Pen and Quill

Trapper's Tales~Words From The Past~Legends~Archives~Kids Forum~Lure Formulators Forum~ Fermenter's Forum


~~~ Dobbins' Products Catalog ~~~


Minnesota Trapline Products
Please support our sponsor for the Trappers Talk Page - Minnesota Trapline Products


Print Thread
Hop To
Page 1 of 2 1 2
Buying a House #7285214
06/13/21 02:46 PM
06/13/21 02:46 PM
Joined: Dec 2006
Posts: 477
Glenwood City, WI
B
bwtrapper Offline OP
trapper
bwtrapper  Offline OP
trapper
B

Joined: Dec 2006
Posts: 477
Glenwood City, WI
Is anybody else trying to buy a house right now? It's ridiculous around here. Nothing lasts for more than a day unless there is a major issue. Been outbid three times. People are paying 20 to 30000 over asking price. It's insane.

Re: Buying a House [Re: bwtrapper] #7285216
06/13/21 02:47 PM
06/13/21 02:47 PM
Joined: Jan 2016
Posts: 815
Louisiana
AirportTrapper Offline
trapper
AirportTrapper  Offline
trapper

Joined: Jan 2016
Posts: 815
Louisiana
Closing on 1 tomorrow


If it makes a track on this earth , I can catch it.
Re: Buying a House [Re: bwtrapper] #7285219
06/13/21 02:51 PM
06/13/21 02:51 PM
Joined: Dec 2019
Posts: 525
WISCONSIN
W
Wild_WI Offline
trapper
Wild_WI  Offline
trapper
W

Joined: Dec 2019
Posts: 525
WISCONSIN
Closing in about a month, jumped on it about 10 min after it hit the market. I know what you mean though I only live about 30-40 min from ya its been nuts

Re: Buying a House [Re: bwtrapper] #7285221
06/13/21 02:53 PM
06/13/21 02:53 PM
Joined: May 2009
Posts: 9,672
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 9,672
Champaign County, Ohio.
I don't understand why people don't list their properties for more in a great seller's market like we have right now. It seems like realtors are screwing their customers by listing their houses far below market value to get a super quick, easy sale. If a house gets a large number of bids, the first day it is listed, it was very obviously underpriced.

Keith

Re: Buying a House [Re: bwtrapper] #7285227
06/13/21 03:09 PM
06/13/21 03:09 PM
Joined: Mar 2015
Posts: 327
In the woods
C
canebrake Offline
trapper
canebrake  Offline
trapper
C

Joined: Mar 2015
Posts: 327
In the woods
It's ridiculous everywhere right now. I have a feeling this bubble is fixing to pop, and pop bigly when it does. It can't keep going on like this.

Re: Buying a House [Re: bwtrapper] #7285228
06/13/21 03:12 PM
06/13/21 03:12 PM
Joined: Dec 2018
Posts: 4,615
Crivitz WI
Sprung & Rusty Offline
trapper
Sprung & Rusty  Offline
trapper

Joined: Dec 2018
Posts: 4,615
Crivitz WI
I'd wait till the market corrects. 18 months maybe.


No Jab.
Re: Buying a House [Re: KeithC] #7285232
06/13/21 03:14 PM
06/13/21 03:14 PM
Joined: Dec 2018
Posts: 4,615
Crivitz WI
Sprung & Rusty Offline
trapper
Sprung & Rusty  Offline
trapper

Joined: Dec 2018
Posts: 4,615
Crivitz WI
Originally Posted by KeithC
I don't understand why people don't list their properties for more in a great seller's market like we have right now. It seems like realtors are screwing their customers by listing their houses far below market value to get a super quick, easy sale. If a house gets a large number of bids, the first day it is listed, it was very obviously underpriced.

Keith

Houses by me are way overvalued currently. Buy now and when the market corrects, you'll be way upside down.


No Jab.
Re: Buying a House [Re: bwtrapper] #7285237
06/13/21 03:18 PM
06/13/21 03:18 PM
Joined: Dec 2006
Posts: 477
Glenwood City, WI
B
bwtrapper Offline OP
trapper
bwtrapper  Offline OP
trapper
B

Joined: Dec 2006
Posts: 477
Glenwood City, WI
I've looked at houses that are double what they sold for three years ago Keith.

Re: Buying a House [Re: bwtrapper] #7285239
06/13/21 03:22 PM
06/13/21 03:22 PM
Joined: Dec 2010
Posts: 1,293
Wisconsin
G
Green Bay Offline
trapper
Green Bay  Offline
trapper
G

Joined: Dec 2010
Posts: 1,293
Wisconsin
It is crazy here too. A friend is a relator and he says things are going $30,000 over asking and the asking is overpriced. People are also not having home inspections because the next potential buyer won't. I was shocked by the Zillow asking price for our house. It is up $60,000 in the last six weeks.

Re: Buying a House [Re: bwtrapper] #7285241
06/13/21 03:24 PM
06/13/21 03:24 PM
Joined: Feb 2015
Posts: 4,257
Iowa
T
trapdog1 Online content
trapper
trapdog1  Online Content
trapper
T

Joined: Feb 2015
Posts: 4,257
Iowa
Wish I had a house or two to sell before this thing crashes.

Re: Buying a House [Re: bwtrapper] #7285243
06/13/21 03:25 PM
06/13/21 03:25 PM
Joined: Jun 2012
Posts: 2,530
KY.usa
rex123 Offline
trapper
rex123  Offline
trapper

Joined: Jun 2012
Posts: 2,530
KY.usa
Houses are selling for more than their worth right now. So what happens when things get back to normal? You have a house that is over priced and if you decide to sell you loose money on?

Re: Buying a House [Re: canebrake] #7285245
06/13/21 03:26 PM
06/13/21 03:26 PM
Joined: Nov 2012
Posts: 414
midland, michigan
M
midlander Offline
trapper
midlander  Offline
trapper
M

Joined: Nov 2012
Posts: 414
midland, michigan
Originally Posted by canebrake
It's ridiculous everywhere right now. I have a feeling this bubble is fixing to pop, and pop bigly when it does. It can't keep going on like this.

This isnt a bubble in the same way as in the past. The last housing bubble focused around banks lending money to unqualified people without doing their due diligence to protect themselves from defaults. this time, money is abundant but housing is not. Couple that wth the extreme cost of new construction and you have a sellers market. Eventually, lumber prices will moderate and the market will slow down, but i dont see any 'crashes' like the last time. Its not a subprime scenario.

Re: Buying a House [Re: Green Bay] #7285251
06/13/21 03:29 PM
06/13/21 03:29 PM
Joined: May 2009
Posts: 9,672
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 9,672
Champaign County, Ohio.
Originally Posted by Green Bay
It is crazy here too. A friend is a relator and he says things are going $30,000 over asking and the asking is overpriced. People are also not having home inspections because the next potential buyer won't. I was shocked by the Zillow asking price for our house. It is up $60,000 in the last six weeks.


Most of a realtors job is to get you the most money for your most valuable possession they can. If houses are selling $30,000.00 over the realtors asking price, it seems to me they have done a terrible job pricing your house for you and that you could of very likely got more money still, if they priced your house better. Sellers have to know their market and adapt and change with it.

I sell stuff for a living and raise and lower my prices when needed.

Keith

Re: Buying a House [Re: midlander] #7285254
06/13/21 03:31 PM
06/13/21 03:31 PM
Joined: Feb 2015
Posts: 4,257
Iowa
T
trapdog1 Online content
trapper
trapdog1  Online Content
trapper
T

Joined: Feb 2015
Posts: 4,257
Iowa
Originally Posted by midlander
Originally Posted by canebrake
It's ridiculous everywhere right now. I have a feeling this bubble is fixing to pop, and pop bigly when it does. It can't keep going on like this.

This isnt a bubble in the same way as in the past. The last housing bubble focused around banks lending money to unqualified people without doing their due diligence to protect themselves from defaults. this time, money is abundant but housing is not. Couple that wth the extreme cost of new construction and you have a sellers market. Eventually, lumber prices will moderate and the market will slow down, but i dont see any 'crashes' like the last time. Its not a subprime scenario.


That is a good point. But I would imagine some are borrowing more than they can afford and are going to be in trouble. I guess there is nothing unusual about that either!

Re: Buying a House [Re: bwtrapper] #7285259
06/13/21 03:36 PM
06/13/21 03:36 PM
Joined: Jun 2016
Posts: 7,811
Michigan
T
Trapper Dahlgren Offline
trapper
Trapper Dahlgren  Offline
trapper
T

Joined: Jun 2016
Posts: 7,811
Michigan
same thing here ,buddy sold his house in 2 days got 20 thousand more than asking ,

Re: Buying a House [Re: KeithC] #7285268
06/13/21 03:50 PM
06/13/21 03:50 PM
Joined: Nov 2007
Posts: 8,167
St. Cloud, MN
trapperkeck Offline
trapper
trapperkeck  Offline
trapper

Joined: Nov 2007
Posts: 8,167
St. Cloud, MN
Originally Posted by KeithC
Originally Posted by Green Bay
It is crazy here too. A friend is a relator and he says things are going $30,000 over asking and the asking is overpriced. People are also not having home inspections because the next potential buyer won't. I was shocked by the Zillow asking price for our house. It is up $60,000 in the last six weeks.


Most of a realtors job is to get you the most money for your most valuable possession they can. If houses are selling $30,000.00 over the realtors asking price, it seems to me they have done a terrible job pricing your house for you and that you could of very likely got more money still, if they priced your house better. Sellers have to know their market and adapt and change with it.

I sell stuff for a living and raise and lower my prices when needed.

Keith

The fly in the ointment for a realtor is, the home has to appraise for a certain amount for loan qualification. Not many people can write a check for the difference in appraised value vs asking price, when push comes to shove. I've seen a few home sales fall through lately because the appraised value of the home wasn't high enough to justify the loan amount.


"The voice of reason!"
Re: Buying a House [Re: midlander] #7285317
06/13/21 04:25 PM
06/13/21 04:25 PM
Joined: Mar 2015
Posts: 327
In the woods
C
canebrake Offline
trapper
canebrake  Offline
trapper
C

Joined: Mar 2015
Posts: 327
In the woods
Originally Posted by midlander
Originally Posted by canebrake
It's ridiculous everywhere right now. I have a feeling this bubble is fixing to pop, and pop bigly when it does. It can't keep going on like this.

This isnt a bubble in the same way as in the past. The last housing bubble focused around banks lending money to unqualified people without doing their due diligence to protect themselves from defaults. this time, money is abundant but housing is not. Couple that wth the extreme cost of new construction and you have a sellers market. Eventually, lumber prices will moderate and the market will slow down, but i dont see any 'crashes' like the last time. Its not a subprime scenario.

You're right, this is not the same deal as what happened in 2008. Is money really abundant, though? With the ridiculous prices of everything, I have a feeling that lots of people are borrowing more than they can afford. Maybe lots of people just make way, way more money than me. We'll see what happens.

Re: Buying a House [Re: bwtrapper] #7285324
06/13/21 04:30 PM
06/13/21 04:30 PM
Joined: Jan 2016
Posts: 3,061
missouri
S
salemtrapper Offline
trapper
salemtrapper  Offline
trapper
S

Joined: Jan 2016
Posts: 3,061
missouri
Close the 21st. We got lucky found one not on the market and the sellers took our offer even though we're offered more after us, they were just wanting out as fast as they could.

Re: Buying a House [Re: bwtrapper] #7285330
06/13/21 04:35 PM
06/13/21 04:35 PM
Joined: Sep 2007
Posts: 453
Paris, Arkansas
Dawg Catcher Offline
trapper
Happy Birthday Dawg Catcher  Offline
trapper

Joined: Sep 2007
Posts: 453
Paris, Arkansas
Just bought and sold homes recently and it was a roller coaster. Took a trip out of state looking at properties and everything on my list sold in the time it took me to get there. When moving one of the hardest things it turned out was finding and renting a moving truck. With people fleeing and evacuating blue states by the droves the trucks were moving out but not coming back in. UHAUL is now only making reservations 48 hours out because of availability. It's a great sellers market!


The Steel Toe Two Step.

Steve Cullison

Re: Buying a House [Re: bwtrapper] #7285355
06/13/21 04:58 PM
06/13/21 04:58 PM
Joined: Feb 2014
Posts: 22,721
nm
A
adam m Offline
trapper
adam m  Offline
trapper
A

Joined: Feb 2014
Posts: 22,721
nm
Originally Posted by bwtrapper
Is anybody else trying to buy a house right now? It's ridiculous around here. Nothing lasts for more than a day unless there is a major issue. Been outbid three times. People are paying 20 to 30000 over asking price. It's insane.

Been like that since January 2020. Took me a year numerous offers and hundreds of showings to get this house. It's a seller's market. I can't count how many times we were on our way to a or in a house and it sold. Listed around midnight sold by 1000 hrs. Or we would get there and there was already numerous offers. A few I wanted real bad offered 20k over and it wasn't good enough.

Page 1 of 2 1 2
Previous Thread
Index
Next Thread