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Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15

 
BasiliusValentinus

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06/08/2021 10:25 AM
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Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
It's crazy. Soon as it hits the market tons of offers.

Mostly Investors and flippers.

Real estate Agent's telling me things like.

"We've got Rich guys as far out as Hawaii buying houses sight unseen. They'll even buy them in bulk. Anything from dumps to mansions.'

We've got Chinese snatching up properties, Bill Gates, Businesses, and like I said flippers. It's Impossible!

Auction sites along with gov seized properties are flooded with the same types.

Can not compete you'll be outbid by thousands upon thousand of dollars way above market value.

Any tricks or strategies to buy a house? Anything that may not have all the greedy bastards swarming over them?

A family seriously needing to actually live in a place seems completely s.o.l

It's not just my area that's hot right now its everywhere.

Please if anyone has good advice would be appreciated. Thanks

Last Edited by BasiliusValentinus on 06/09/2021 05:40 PM
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06/08/2021 10:26 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
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Anonymous Coward
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06/08/2021 10:28 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
You can try directly appealing to the seller. There might be people out there who want an actual family to own the home and live in it versus some hedge fund. Last year when we sold our house some offers came accompanied with a letter written by the bidders.
Anonymous Coward
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06/08/2021 10:29 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Find a house that is not for sale you like.

Knock on the door, make an offer to the owner for an "as is" purchase.

Keep doing it until someone accepts.
Anonymous Coward
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06/08/2021 10:30 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Wait a year
Anonymous Coward
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06/08/2021 10:31 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
This is all part of the "Great Reset".

The end game will be to force you into thier "Smart Cities".

That's my bet.
Anonymous Coward
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06/08/2021 10:31 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Find a FSBO so you can deal directly with the seller.
nutmeg

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06/08/2021 10:31 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
My four bedroom house is not up for sale, and I have no plans to move.

However, I get at least two texts a months from people wanting to buy my home. Also I get about four phone calls a month, two on my cell phone and two on my land phone. They're not robo calls.

Who are these people?

Last Edited by nutmeg on 06/08/2021 10:33 AM
soccerinco

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06/08/2021 10:32 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Rent...Consider RV living for a year or 2. This market is nuts and inflation is only getting worse. When you do buy a house, you will be stuck paying for things the previous owners didn't want to fix... Need a roof? How old is that AC? Broken septic...Add to that, when you go to repair, you will be paying 15-30% more in those costs as well. Its a mad mad world.
WxSteve

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06/08/2021 10:32 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Wait a year
 Quoting: Anonymous Coward 80065190


Been quite a bit longer than a year like this in Wisconsin.

I like the idea of knocking on doors and offering to buy, honestly, screw zillow and realtor.co_m, let's start getting back to the old ways of doing business .. face to face conversations and handshakes!
”The price good men pay for indifference to public affairs is to be ruled by evil men.” ~Plato, The Republic

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Government figured this out and decided to replace the People." ~Unknown
Anonymous Coward
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06/08/2021 10:33 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Shows you people are getting away from cash.

I mean obviously those people rich enough to have any sort of money, know they need real assets, for whats coming.

So, not surprising anyone ordinary looking to buy is having a hard time.
eve-ry-body

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06/08/2021 10:34 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Build one. They don't buy up land because there's too small of an immediate ROI.
aChristian
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06/08/2021 10:35 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Prayer... Buying my first house in Texas, in a hot area. I prayed. To the Father in Jesus name. Trusted Him. A ton of offers, and little ol first time buyer me was accepted. I attribute it to God, and not chance.
NunyaBizz

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06/08/2021 10:35 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
i always hear dumb shit like "multiple above asking price offers" and all this tells me is the house was under priced to begin with.

most dumb shits are "delighted" to get multiple above ask offers, but if it was me, i'd slap my realtor in her dumb whore face if she under priced it like that.
NunyaBizz

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06/08/2021 10:36 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Prayer... Buying my first house in Texas, in a hot area. I prayed. To the Father in Jesus name. Trusted Him. A ton of offers, and little ol first time buyer me was accepted. I attribute it to God, and not chance.
 Quoting: aChristian 78490609


you were the highest offer dumdum
Mukk1234

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06/08/2021 10:36 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
CDA idaho is the hottest market in the country at the moment. This place is crazy expensive. Good luck buying anything unless you got alot of cash...
Anonymous Coward
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06/08/2021 10:37 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
WW3 starts next month. So everyone is going to get 'burned'. It's the great reset!
Anonymous Coward
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06/08/2021 10:37 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Wait a year
 Quoting: Anonymous Coward 80065190


LOL..this..hopefully
coorslight

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06/08/2021 10:38 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
something is fishy for sure. doesnt make sense.
bidding wars on every house raises red flags. something has to give sooner or later.
DaKine

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06/08/2021 10:39 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Wait a year
 Quoting: Anonymous Coward 80065190


Been quite a bit longer than a year like this in Wisconsin.

I like the idea of knocking on doors and offering to buy, honestly, screw zillow and realtor.co_m, let's start getting back to the old ways of doing business .. face to face conversations and handshakes!
 Quoting: WxSteve


I used to know of a Steve in Wisconsin who had an interest in Wormwood. Is that you, Steve?
Anonymous Coward
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06/08/2021 10:39 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
It's crazy. Soon as it hits the market tons of offers.

Mostly Investors and flippers.

Real estate Agent's telling me things like.

"We've got Rich guys as far out as Hawaii buying houses sight unseen. They'll even buy them in bulk. Anything from dumps to mansions.'

We've got Chinese snatching up properties, Bill Gates, Businesses, and like I said flippers. It's Impossible!

Auction sites along with gov seized properties are flooded with the same types.

Can not compete you'll be outbid by thousands upon thousand of dollars way above market value.

Any tricks or strategies to buy a house? Anything that may not have all the greedy bastards swarming over them?

A family seriously needing to actually live in a place seems completely s.o.l

It's not just my area that's hot right now its everywhere.

Please if anyone has good advice would be appreciated. Thanks
 Quoting: BasiliusValentinus

By 2030 all property will be held by the global govt.They know this and are moving to buy it all up. Agenda 2030 by the UN will have reduced the global population to the target number of 500 million people left on earth, prepare accordingly! Idol1
don't do it
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06/08/2021 10:40 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Buying in this market is financial suicide.

Wait 2 years and they will be 1/3 price.

If you are foolish enough to run with the sheep over the cliff bubble now, you'll look back at this post and wish you would have listened.

When the market is white hot like it is now, its time to SELL, not buy.

8 year cycle, and we're at the top.

It will pop, and when it does those who buy then will always win.
DaisyGrace

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06/08/2021 10:40 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
I'm a Realtor. All markets are different but here are some things that help. I'm not saying these are all right for all buyers. Only a buyer can decide if they're in a position to do these things. Results may vary.

1. Hire an experienced Realtor. Check reviews.
2. All cash or conventional loan.
3. Do not ask for any repairs.
4. Waive the appraisal gap. (If it doesn't appraise for your Offer, you will come out of pocket for the difference)
5.Offer to pay the sellers closing costs.
6. Offer to give the seller a lease back for 60 days so they can purchase a new home with their proceeds. That way any offer they make isn't Contingent on the sale of their home.
7. You are likely being recorded in the home. Be likeable and don't say anything rude about the seller.
8. I hate buyer love letters because they often violate fair housing law, but they work sometimes.

Good luck!
DaisyGrace
Anonymous Coward
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06/08/2021 10:41 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
You can by a house.
A Jackson

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06/08/2021 10:41 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
I just sold my house in 3 hours, sight unseen, never placed on MLS.

In this craziness you have to have a realtor and you need lots of cash.

I would wait it out. The bubble will burst soon.

Or, move to where the market is not so hot, like Baltimore or the remote areas of North Dakota.
Anonymous Coward
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06/08/2021 10:41 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
Prayer... Buying my first house in Texas, in a hot area. I prayed. To the Father in Jesus name. Trusted Him. A ton of offers, and little ol first time buyer me was accepted. I attribute it to God, and not chance.
 Quoting: aChristian 78490609


you were the highest offer dumdum
 Quoting: NunyaBizz


He should go Pray about it.....
BasiliusValentinus  (OP)

User ID: 45290091
United States
06/08/2021 10:43 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
You can try directly appealing to the seller. There might be people out there who want an actual family to own the home and live in it versus some hedge fund. Last year when we sold our house some offers came accompanied with a letter written by the bidders.
 Quoting: Anonymous Coward 79113477


That wouldn't hurt.

Yet even the ones I've found FSBO as another reply suggests. Are taking advantage of this market.

I've called on several fsbo homes and many of them say. We were only asking such and such but have already received offers for way more than the asking price.

So they are holding out for the top dollar which is beyond by far budget and value.

Lot's of legwork comes up short. Guess it's a wait it out thing. But seems like it will only get worse.
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Honey, it's not one of those
Cozy Gotme

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06/08/2021 10:43 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
We got one by requesting a specific close date. It just so happened to be the exact date that the seller wanted to close on, and that was what made them choose our offer from the stack of offers they had.

Good luck. I know the stress you’re going through. We bid on at least 50 houses, most of them sight unseen before we got one.
Anonymous Coward
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06/08/2021 10:44 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
It's crazy. Soon as it hits the market tons of offers.

Mostly Investors and flippers.

Real estate Agent's telling me things like.

"We've got Rich guys as far out as Hawaii buying houses sight unseen. They'll even buy them in bulk. Anything from dumps to mansions.'

We've got Chinese snatching up properties, Bill Gates, Businesses, and like I said flippers. It's Impossible!

Auction sites along with gov seized properties are flooded with the same types.

Can not compete you'll be outbid by thousands upon thousand of dollars way above market value.

Any tricks or strategies to buy a house? Anything that may not have all the greedy bastards swarming over them?

A family seriously needing to actually live in a place seems completely s.o.l

It's not just my area that's hot right now its everywhere.

Please if anyone has good advice would be appreciated. Thanks
 Quoting: BasiliusValentinus


Where? Specifically.
darkwolf007

User ID: 52706778
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06/08/2021 10:45 AM

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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
It's crazy. Soon as it hits the market tons of offers.

Mostly Investors and flippers.

Real estate Agent's telling me things like.

"We've got Rich guys as far out as Hawaii buying houses sight unseen. They'll even buy them in bulk. Anything from dumps to mansions.'

We've got Chinese snatching up properties, Bill Gates, Businesses, and like I said flippers. It's Impossible!

Auction sites along with gov seized properties are flooded with the same types.

Can not compete you'll be outbid by thousands upon thousand of dollars way above market value.

Any tricks or strategies to buy a house? Anything that may not have all the greedy bastards swarming over them?

A family seriously needing to actually live in a place seems completely s.o.l

It's not just my area that's hot right now its everywhere.

Please if anyone has good advice would be appreciated. Thanks
 Quoting: BasiliusValentinus


If I had known this housing market crap was to happen in the Year 2020 and so far in the Year 2021 I would of told my sisters not to sell our dead father's house until sometime last year or wait until the Year 2021. We would probably sold our dead father's house for well into the $100,000 range instead of the $96,000.
Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker.

A time is coming when men will go mad,
and when they see someone who is not mad,
they will attack him, saying,
'You are mad; you are not like us."
-- St. Anthony The Great

Social Credit Loser here.
Anonymous Coward
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06/08/2021 10:46 AM
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Re: Insane market can not purchase a House *Update!!! BLACKROCK behind it pg 14-15
It's crazy. Soon as it hits the market tons of offers.

Mostly Investors and flippers.

Real estate Agent's telling me things like.

"We've got Rich guys as far out as Hawaii buying houses sight unseen. They'll even buy them in bulk. Anything from dumps to mansions.'

We've got Chinese snatching up properties, Bill Gates, Businesses, and like I said flippers. It's Impossible!

Auction sites along with gov seized properties are flooded with the same types.

Can not compete you'll be outbid by thousands upon thousand of dollars way above market value.

Any tricks or strategies to buy a house? Anything that may not have all the greedy bastards swarming over them?

A family seriously needing to actually live in a place seems completely s.o.l

It's not just my area that's hot right now its everywhere.

Please if anyone has good advice would be appreciated. Thanks
 Quoting: BasiliusValentinus


it won't last long.. here is why:

the rich make money off of us..

wolves don't hunt wolves they hunt sheep..

the market you describe is just wolves hunting wolves..

somebody's going to get burned.

sell.. get out.. rent.. whatever.. bail.. or stay put.





GLP