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  1. #9451
    Join Date
    Sep 2006
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    8,245
    One of my college buddies married an event/promotions planner from NYC. Her family is from NYC, as in Manhattan. They have money. I was surprised the kind of money that could be made by such a profession. But these event planners can make some serious coin, especially about every 4 years when election season comes around. Politicos and business leaders getting together to schmooze and plan us serf's lives, and all that Illuminati stuff....

    I wouldn't be surprised if they aren't looking at finding something nicer with a bit more room in Manhattan right about now. They've been renters forever.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  2. #9452
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    Mar 2006
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    19,814
    Five Chinese visiting today at 6pm. That’s maximum at one time. All different names. Broker rep is from Fremont.

  3. #9453
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    Jun 2020
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    in a freezer in Italy
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    7,181
    They're all coming together from one broker? Seems odd.

  4. #9454
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    Mar 2006
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    19,814
    Strange times. Doesn’t seem odd to me though. This realtor has sold 40 houses in the last year. He has a lot of clients.

  5. #9455
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    Jun 2020
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    in a freezer in Italy
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    7,181
    Whatever works, i just never heard of something like that that's all.

  6. #9456
    Join Date
    Nov 2005
    Location
    Making the Bowl Great Again
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    13,779
    Quote Originally Posted by glademaster View Post
    It's 2020, not 1972, there are Planning/Zoning requirements and building codes to be adhered to almost everywhere. Building Code adoption/enforcement in pretty much universal, even in very rural parts of the US. P&Z is obviously more lax in rural/low density areas than wealthy, urban ones, but you're oversimplifying things. The jurisdiction I work in is VERY republican.
    Absolutely false. There are tons of places without any planning/zoning/inspections other than septic.

  7. #9457
    Join Date
    Oct 2003
    Location
    In Your Wife
    Posts
    8,291
    Quote Originally Posted by RootSkier View Post
    Absolutely false. There are tons of places without any planning/zoning/inspections other than septic.
    Okay, well I'm not in the mood to argue, so I'll re-iterate the point I made in my first post on the subject, which I think is something we can agree on.

    If you are going to build a home, make sure you are very familiar with all applicable codes that the jurisdiction has adopted, particularly if the place you are building is intended to be your primary residence. If those codes are lax/minimal/nonexistent, then great, go hog wild, but don't kill yourself or anyone else. If they aren't, it will greatly behoove you to have a complete understanding of all of the requirements you need to satisfy to be given the OK to occupy. This means familiarizing yourself with not just building code, but P&Z regulations/design standards, construction site management requirements, public works requirements, FEMA flood regulations (if you're building in a 100 year floodplain), etc.

    I'm not here to espouse the virtues of onerous codes. I have seen multiple one-off projects where the owners have encountered substantial delays in receiving CO because of requirements not directly related to the construction/habitability of the structure itself, and it sucks for everyone involved. Do your homework thoroughly before you break ground/start roughing in a driveway and clearing the lot.

  8. #9458
    Join Date
    Aug 2004
    Location
    New Haven Line heading north
    Posts
    2,944
    Well, to make all of you feel better, our next door neighbors just put their house on the market for 25% less than they bought it for in 2005. I think our moving in next door was probably good for -15%, but the rest if just a lousy market.
    Charlie, here comes the deuce. And when you speak of me, speak well.

  9. #9459
    Join Date
    Sep 2006
    Posts
    8,245
    Quote Originally Posted by Stu Gotz View Post
    Well, to make all of you feel better, our next door neighbors just put their house on the market for 25% less than they bought it for in 2005. I think our moving in next door was probably good for -15%, but the rest if just a lousy market.
    Man, CT is just a weird situation. Is there any place in that state doing well on the RE market. Have in-laws in Fairfiled County who bought a fixer upper, and basically remodeled the place and ended up with a nice place, but when the went to sell it, nada. It's been a rental since about 2011, and they can't get what they put into it. Crazy.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  10. #9460
    Join Date
    Apr 2004
    Location
    Southeast New York
    Posts
    11,766
    Losing GE and some other big money corps fucked up that county. CT has been draining pharma and insurance money for a few years and it's taken a big toll.

  11. #9461
    Join Date
    Nov 2007
    Posts
    5,707
    About to get a backdoor offer on our 2/1 1255 sq ft house in Marin Co for $985K. $60K over asking. Don’t think it has even been put into MLS.

  12. #9462
    Join Date
    May 2007
    Location
    Sandy, Utah
    Posts
    14,410
    Quote Originally Posted by 54-46 View Post
    About to get a backdoor offer on our 2/1 1255 sq ft house in Marin Co for $985K. $60K over asking. Don’t think it has even been put into MLS.
    Put it on the market. You'll likely get more than the 60k over if there is already a backdoor buyer

    Sent from my Pixel 2 using TGR Forums mobile app

  13. #9463
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    19,067
    What skidog said.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  14. #9464
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    Sep 2006
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    8,245
    Quote Originally Posted by liv2ski View Post
    What skidog said.
    Plus , list it for $60k more than you planned, and when it goes for $60k plus over THAT price, well, now you are talking almost serious money!
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  15. #9465
    Join Date
    Sep 2010
    Location
    Shuswap Highlands
    Posts
    4,345
    From a straight numbers perspective, if a realtor is used and the place listed, what's the realtor cost of the transaction vs just getting a property lawyer and taking that 60k over appraised value? Wouldn't the realtor's cut take most of any value above that appraised value? Not that I have any issue with realtors, mind you, but cash over asking without an added complexity between buyer and seller seems desirable.

  16. #9466
    Join Date
    Mar 2008
    Location
    northern BC
    Posts
    30,881
    Quote Originally Posted by BCMtnHound View Post
    From a straight numbers perspective, if a realtor is used and the place listed, what's the realtor cost of the transaction vs just getting a property lawyer and taking that 60k over appraised value? Wouldn't the realtor's cut take most of any value above that appraised value? Not that I have any issue with realtors, mind you, but cash over asking without an added complexity between buyer and seller seems desirable.
    IME/IMO it depends, are you in a buyer's or a seller's market, is your agent any good, how soon do you need to sell, do you feel comfortable dealing in large amounts of money on the biggest purchase the average joe/jane canada is liable to ever make ?

    the last house I sold in PG cost me 11K on the 210K price, agent was worth the $$$ cuz she got it done in only 3 weeks & took care of everything while i was skiing/beerdrinking, It sold so fast at first i thot I made a misteak on pricing but a month later the bottom falls out of the RE market due to the credit swap thing in the USA , turns out I sold at the peak so it was a good thing that house was sold so fast, if i did a FSBO I would have rode that price to the bottom but instead I look like a fucking genius

    Maybe you price high in a rising market and look like a fucking genius, or maybe you price high in a falling market follow it to the bottom ... not so much ?


    while on an Aviy course on his own recommendation that ambulance chaser L Hutz esq told me the drug store sales contracts have holes in them you can drive a truck thru so buddy agreed to write the purchase agreement for free IF he also got the conveyance/ title change.

    he always sez " I'm not an Ambulance chaser, I'm on the voly fire dept, we get there before the ambulance "



    What I will guaranty you is that ever one on TGR is a fucking RE genius


    a good ski buddy of mine was a very sucessful agent with a grade 10 education sold RE between avi tech, gear store owner, hotelier and he said 20% of the agents write 80 % of the business, he also said of the money they charge after all the expenses the agent puts 20% in his pocket
    Lee Lau - xxx-er is the laziest Asian canuck I know

  17. #9467
    Join Date
    Sep 2010
    Location
    Shuswap Highlands
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    4,345
    Just seeing/hearing of the rates in Van, which is a market I know almost nothing, on a million bid, after buyers and sellers commission and tax on their service, you're spending 3-4% on the sale. So if 54-46 goes realtor, he's going to need another 50k on top of the 60k over appraisal to make listing it formally work. I've gone through 2 home sales, small town markets mind you, and both were without realtors using only our own lawyers at fixed rates. In all 3 transactions, all parties walked away happy. Might have gotten a couple notes more or less with a realtor, or not, but over a 10yr period living in the home, it balanced out for me. But then I am far from a cut-throat capitalist. YMMV.

  18. #9468
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    Mar 2008
    Location
    northern BC
    Posts
    30,881
    yeah so its my impression there is hinky shit going down in Vangroovy right now, in the big city I woudl want to have a good agent

    there is something to be said for the marketing skills of a good agent, when I sold out of surrey the agent sold the house for a good price to a couple who were looking for a condo they weren't even looking for a house,

    I think as many people have FSBO'ed too cheap as have FSBO'ed too high cuz they didnt know the market price

    yesah samll town markets might be a litttle more stable this house/ right now/small town/ crazy market/ no inventory I would probably price it high & FSBO
    Lee Lau - xxx-er is the laziest Asian canuck I know

  19. #9469
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    Mar 2006
    Posts
    19,814
    My agent works for 1% and has 26 years experience. Still lame. At my price range 1% is not that much more than an attorney or HomeBay assisted. HomeBay will do your paperwork for $2k on a FSBO and provide phone brokerage for $6k. If I didn’t have a lot of non permitted work I would use HomeBay.

  20. #9470
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    Mar 2008
    Location
    northern BC
    Posts
    30,881
    home bay looks like cut rate RE, we have cutrate RE but not that one

    L hutz was somewhere around a K to do everything
    Lee Lau - xxx-er is the laziest Asian canuck I know

  21. #9471
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    Mar 2006
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    19,814
    Attorney price has gone up. The guy I used last time is $4k now.

  22. #9472
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    Mar 2006
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    19,814
    The really successful local brokers both made a half assed pitch and started at 5% total. I’m paying 3% total.

  23. #9473
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    Mar 2006
    Posts
    19,814
    I did the showings today. Two smoking hot Asian women were just here. Had to look away.. The agent lady really liked it. Said I would hear from her. I’m getting people looking from wide area. Buyer from Burlingame coming tomorrow.

  24. #9474
    Join Date
    Mar 2006
    Posts
    19,814

    Real Estate Crash thread

    My zestimate went up $100k in four days after listing it. Realtor said before listing that it's an important number regardless of validity. It was $150k lower before we updated zillow facts prior to listing. All I did before listing was update the sq ft to total living space which added an initial $50k. I suspect the algorithms picked up some of the features. The listing price is now $30k below zestimate! Perfect.. I'll post the listing soon.

  25. #9475
    Join Date
    Jun 2020
    Location
    in a freezer in Italy
    Posts
    7,181
    New Zealand and Canada are the countries with the highest real estate "bubble risk"? So these folks say: https://www.visualcapitalist.com/map...-bubble-risks/

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