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I'm selling our old house, have been working on getting it into tip top shape to get top dollar for it. In our area things are going for $101/sqft and that's the low end.

Our current house, when we bought it, we got for a steal of a deal because it was right before the Covid craziness. Now everyone is wanting to get out of the cities. So I'm thinking about selling this one, too, because we can make a decent profit on top of this without doing anything to it. I'm wanting to buy more acreage in the middle of no where and the houses I'm watching are selling the same day they're listed. It's crazy.

Just curious what you've seen in your areas, if any of you are watching the market.

I'm selling our old house, have been working on getting it into tip top shape to get top dollar for it. In our area things are going for $101/sqft and that's the low end. Our current house, when we bought it, we got for a steal of a deal because it was right before the Covid craziness. Now everyone is wanting to get out of the cities. So I'm thinking about selling this one, too, because we can make a decent profit on top of this without doing anything to it. I'm wanting to buy more acreage in the middle of no where and the houses I'm watching are selling the same day they're listed. It's crazy. Just curious what you've seen in your areas, if any of you are watching the market.

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[–] • 1 pt (edited )

prices are way up, inventory is down, and things move fast. I see lots of offers from California from buyers who havent visited the property. Half the time it falls through, but it takes the property off the market for 1-3 months. New Yorkers moved in last year and theyve left behind crazy cheap real estate in upstate new york. Also Virginia land is cheap as fuck as conservatives flee. You can buy a country club / golf course in New York State for 500k.

There have been no foreclosures for a year, yet more people wanted to relocate in 2020 than any year since WWII. in 2010-2015 foreclosures were 30% of sales. I suggest everyone who wants to buy wait, and everyone who wants to sell to hurry the fuck up because when the foreclosures restart, there will be a flood of cheap property

[–] • 0 pt

Foreclosures are very difficult to get your hands on, though. The property I'm selling was purchased as one, and I spent over a year trying to buy it. I ended up out bid, only for it to fall through and go back on the market because they wanted closing costs and the bank wouldn't do it.

I'm glad to hear about the sight unseen thing. Gives me hope for this one property I would really love to have in west virginia. It's in zone 7a, which I'm still scratching my head over how that's possible when it's nine hours north of me and I'm also in 7a.