Several people have viewed the house in the last couple of days. None have made a bid.
I'm more convinced daily that people really do have an entitled attitude. They want things handed to them for free.
Even the real estate agent has said this is the best house in this price range this year. WTF do these people want? I know many of them are going to wind up in foreclosure.
In Montgomery, houses this size, even newer homes, go for half the price they do here or even less. That's where Albuquerque is headed. Very soon. I expect the housing market here to collapse. You cannot expand a real estate market in a place where the job market is contracting and pay rates are too low. They are forcing a false rise in property values right now. That cannot last.
An old friend's daughter wants to see the house today. No showings have happened on Sunday, so if they want to see it I will show them around. Be good to see her before I leave town. Have not seen her in years. She has been through several relationships since I last saw her.
Few things to do today. Polish the floor some more with the mini buffer. Lay some polish on the brick floor, which I painted a couple days ago. It looks more even in color. The agent and I agreed the floor as it was had character. Unfortunately, most people do not. So I had to dumb it down for them. Now I need the polish to seal the paint. How depressing. Also need to work on the car. Get it ready to sell. Haven't been able to because of the house showings.
I talked with an investor who offered a real estate contract. That means he would give me money and take over the property. The loan would remain in my name and he would pay me monthly. Then either rent the house out or fix it up more and eventually sell it. When it sells, he would give me the money to pay off the rest of the mortgage. I'd prefer just selling it outright and be done with it. This kind of arrangement sounds a little risky. I could wind up on the hook for the mortgage and whatever living conditions I have in AL. But he seems trustworthy. Going by instinct here. He and his wife also run a home health business and want to expand into Albuquerque. Who knows? If all goes well this could improve my credit rating rather than damage it. There is some strange thing where payments would not apply to the mortgage for a year and then they all apply at once. It would not show delinquent, just not show on my credit or something like that. During that time it's basically credit neutral.
Honestly I have had several investors make the same offer in some way but most presented it in a way I did not feel comfortable with and one only offered $1500 over the loan amount, most want to get the property at less than what I owe. One guy was nice and reasonable but only gave me two days to think about it. This man is not rushing me. I never trust those "limited time offer" things when it's that short of a time frame. I understand if an offer expires after a month or more.
I'm more convinced daily that people really do have an entitled attitude. They want things handed to them for free.
Even the real estate agent has said this is the best house in this price range this year. WTF do these people want? I know many of them are going to wind up in foreclosure.
In Montgomery, houses this size, even newer homes, go for half the price they do here or even less. That's where Albuquerque is headed. Very soon. I expect the housing market here to collapse. You cannot expand a real estate market in a place where the job market is contracting and pay rates are too low. They are forcing a false rise in property values right now. That cannot last.
An old friend's daughter wants to see the house today. No showings have happened on Sunday, so if they want to see it I will show them around. Be good to see her before I leave town. Have not seen her in years. She has been through several relationships since I last saw her.
Few things to do today. Polish the floor some more with the mini buffer. Lay some polish on the brick floor, which I painted a couple days ago. It looks more even in color. The agent and I agreed the floor as it was had character. Unfortunately, most people do not. So I had to dumb it down for them. Now I need the polish to seal the paint. How depressing. Also need to work on the car. Get it ready to sell. Haven't been able to because of the house showings.
I talked with an investor who offered a real estate contract. That means he would give me money and take over the property. The loan would remain in my name and he would pay me monthly. Then either rent the house out or fix it up more and eventually sell it. When it sells, he would give me the money to pay off the rest of the mortgage. I'd prefer just selling it outright and be done with it. This kind of arrangement sounds a little risky. I could wind up on the hook for the mortgage and whatever living conditions I have in AL. But he seems trustworthy. Going by instinct here. He and his wife also run a home health business and want to expand into Albuquerque. Who knows? If all goes well this could improve my credit rating rather than damage it. There is some strange thing where payments would not apply to the mortgage for a year and then they all apply at once. It would not show delinquent, just not show on my credit or something like that. During that time it's basically credit neutral.
Honestly I have had several investors make the same offer in some way but most presented it in a way I did not feel comfortable with and one only offered $1500 over the loan amount, most want to get the property at less than what I owe. One guy was nice and reasonable but only gave me two days to think about it. This man is not rushing me. I never trust those "limited time offer" things when it's that short of a time frame. I understand if an offer expires after a month or more.
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