Bidding war on houses

[StagLefty]

The problem you run into with (ALL) homes is the POS investors who come in with a cash offer and scoop it away before you can even put a bid on it. If you using an FHA loan you will have a lot more leniency.

This is what I've been running into since last August. They scoop them up and put some cosmetic improvements and the cost goes up from there. Of course I'm looking at a much lower numbers market than most of you folks.

[Squeeze]

This is what I've been running into since last August. They scoop them up and put some cosmetic improvements and the cost goes up from there. Of course I'm looking at a much lower numbers market than most of you folks.

Yep. I cannot express the amount of anger I was feeling when experiencing this. I now lump those people in with the same types as used car salesmen, pawn shop owners, insurance appraisers/claim adjusters, etc.

[Jer]

Yep. I cannot express the amount of anger I was feeling when experiencing this. I now lump those people in with the same types as used car salesmen, pawn shop owners, insurance appraisers/claim adjusters, etc.

I was in real estate investment over a decade ago and prior to that I was a used car salesman for a brief stint out of high school. I guess we're sworn enemies then.

Point is individuals are more than their profession. I try to approach all people the same way (with a smile, caution and a plan to kill them if things go south) and let them show me if they're a shit head or not.

[Irving]

Yep. I cannot express the amount of anger I was feeling when experiencing this. I now lump those people in with the same types as used car salesmen, pawn shop owners, insurance appraisers/claim adjusters, etc.

Sounds just like how I hate all clowns, doctors, and astronauts, for all the same reasons.

[Squeeze]

so, you hate capitalism? you buy kydex, fix it up and sell it for a profit. different? not really.

I see it quite differently. I'm not trying to screw anyone over.

[Jer]

If anyone knows of a house w/ a 3 bedroom, 2 car garage and basement for sale around or under $275,000 plz let me know.

Lots of luck with that one. We've been considering downsizing lately and even townhomes/condos seem to open for nearly $100k more than that. I'm not sure a single family home with 2-car garage and basement can be had for $100k more than that these days in this area. It's a sellers market for sure so I know we could make a mint on our house we've been in for 13 years but to buy something around here we'd just give it all back right away.

[Great-Kazoo]

Going to the bank in 10 days to get pre-qual'd on a house.

I don't anticipate finding what I want will be a fast process in this market.

I have two realtors on standby waiting on my pre-qual paperwork.

I pre-qual'd last year for $248K house.

I just paid off three credit cards and a student loan last month.

I imagine that puts me in the $260,000 - $270,000 range now.

looking north of I-70 preferably.

no Denver, Denver County or Boulder city.

As far east as Byers. As far north as Windsor
Aurora is a last resort.

If anyone knows of a house w/ a 3 bedroom, 2 car garage and basement for sale around or under $275,000 plz let me know. I will pay a $200 finders fee to the person if it checks out and I buy it.


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Well if they say you're good for more, touch bases. You'd pay more for a lot more than the denver metro area. BUT................you'd save the $200 finders fee

[CoGirl303]

Well if they say you're good for more, touch bases. You'd pay more for a lot more than the denver metro area. BUT................you'd save the $200 finders fee

I'll ask the bank, but I just don't think I'd get that much of a loan on a single persons salary. But I'd for sure love to have that 3 car garage shed.




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[CS1983]

Save for closing cost too. You might find a great deal that the seller knows is a great deal, and wants to play hard ball on closing costs being shouldered by you.

[BladesNBarrels]

Yep, those astronauts are out of this world!