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I can only imagine from the buyers perspective… We had a lot of solid offers. We didn’t accept the highest, but we took the one that seemed the most committed. She offered a nice chunk of cash up in escrow, and conventional financing. Well qualified buyer. That made the difference to us, knowing she was a committed buyer, with cash to put down. She waived inspection, which I found odd. Not that we have any issues with our house, but me, I wouldn’t even think of buying a house without an inspection. Most all the other offers waived inspection as well. We had a few VA/FHA offers that were above hers, but they weren’t putting much, if any money up front, and that kind of bothered us. I think nowadays, showing the commitment with cash up front is the key. Separates the men from the boys, so to speak. She wants to close by mid October to lock in her rate, and we will rent back from her for a couple of weeks to make the timing work for our move.

Our house went on market 9/1. We actually had to cut off the showings, because we had such an overwhelming response. Had over 60 showings in 4 days, and 13 offers, all over asking. 13. We couldn’t believe it. This was an absolute roller coaster ride!! We accepted an offer yesterday, nicely over asking. Close date mid October. This is an insane market.

Thanks. It’s getting exciting. Purged of everything we don’t want and mostly all packed. Staging the house this weekend for pictures. The house across the street from us sold in under a week, over asking price. The first day on market they had a line of people waiting their turn for the showing. That was kind of cool to watch. I think we’ll do ok.

Had a conversation last night with my daughter-in-law, who's in the real estate business regarding the upcoming eviction and foreclosure moratorium coming up at the end of the month. Cliff notes version: These current high prices will be ending soon. If you're looking to sell, we're close to the top on prices. If you're looking to buy, try to hold out, as more inventory will be coming on the market, pushing prices down. She gets access to the "heat maps" of people in pre-foreclosure. She says the list is off the chart, tons of houses are in this status. Now, some with do a mortgage modification, and roll past due balances back into their loans. But, she said many people have passed that window of opportunity to do that with their mortgage company. They will just "squat" and let the clock run out, just like back in 2008, but the numbers are WAY HIGHER this cycle. IN NJ, the process to foreclose can take years, specially with these high numbers. If any of you remember looking around to buy in the last downturn, these pre-foreclosure houses ended up being in really bad shape, since people stopped doing maintenance on them. That pushed prices down too. Regarding the rental evictions, all those tenants will never make up the overdue rent. They had a big party with all their stimulus dollars and UE kicker money. Even with evictions, it takes months to kick the freeloaders out. Then, where will they go and what landlord will re-rent to them, if they know they stiffed the last landlord? Also, many ma and pa landlords stopped paying their mortgages without rent coming in. They are in the same boat as the homeowners above. And, to add, these non payers of rent and mortgages in many cases, also stopped paying utilities and taxes. The utility moratorium is also coming to and end. Bottom line, the current housing market will make 2008 look like a preschool party.

Sure, close the border for deer but...oh never mind

VERY easy DIY. Just google it.

Courtesy of my email. I was at the mall yesterday and walked into the book store. I asked if they had Trump's new book on how to deport illegal aliens. The clerk said "Get the fuck out of here and don't come back!". And I replied "Yes, that's the one. Do you have it in paperback?".

sick just looking at this turd!

Do you remember looter dude after hurricane Katrina? Urban Dictionary: looter dude Now meet hookah dude: Man appears to hit hookah while floating in NYC floodwater (yahoo.com)

SHUSH!!!

Add in Blackrock and other private equity vultures snatching up homes (often above asking price) then renting them back out. In fact, Blackrock bought a self storage chain so the people they toss out of their homes have somewhere to put their stuff. https://www.rt.com/op-ed/528842-private-equity-pension-vultures-reset/ "In order to further shore up profits, the firms have bought big into vertically integrated predation. Blackstone bought up an entire chain of self-storage units to complement its continuing acquisition of houses. The continued inflation of the already precariously bloated real estate bubble (and the mathematical certainty of time running out for the Covid-19 eviction moratorium) means people are going to have to throw their stuff somewhere when the financial feces hit the fan".