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I changed my strategy a little. I called a top listing agent who works with a lot of top-selling agents. The list of properties she has listed that sold is impressive. I also called the top buying agent from another company.

I talked to both by phone and they both said they are getting many requests to view a new property as soon as it hits MLS. They have never seen this hot a market before. They are both coming by tomorrow. I hope the first one is done before the second one shows up.
It is a hot market in many areas.
Son just bought a home, they were outbid several times on several homes it was getting discouraging for them.
He's kinda mad they didn't do a serious look last year.
Nephew is currently looking for a high end home, he got outbid too and he has plenty of resources to play that game.
 

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Discussion Starter · #22 ·
It is a hot market in many areas.
Son just bought a home, they were outbid several times on several homes it was getting discouraging for them.
He's kinda mad they didn't do a serious look last year.
Nephew is currently looking for a high end home, he got outbid too and he has plenty of resources to play that game.
And 2 or 3 years from now, prices will fall dramatically.
 

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Or maybe not. One of the things I noticed about my area is the lack of homes for sale. It's going to take having inventory out there for prices to drop.
 

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Discussion Starter · #24 ·
Or maybe not. One of the things I noticed about my area is the lack of homes for sale. It's going to take having inventory out there for prices to drop.
It's Covid-19 fallout. When the government stops pumping money into the system, things will get real again.
 

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It's Covid-19 fallout. When the government stops pumping money into the system, things will get real again.
No, I've watched what's out there for years. I've seen a steady decline of single family homes. Places like mine with acreage is almost non existent and has been for a while now. And I don't live near a metro area.
 

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Discussion Starter · #27 ·
I wish I could time the market ... I don't have a clue. A broker called me yesterday asking my opinion.
It's easy. When I buy, you sell. When I sell, you buy. Three out of the last 4 houses I bought at the high or near high.

We are probably looking at inflation and higher interest rates, especially if you are not a member of a government-protected group.
 

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It's easy. When I buy, you sell. When I sell, you buy. Three out of the last 4 houses I bought at the high or near high.

We are probably looking at inflation and higher interest rates, especially if you are not a member of a government-protected group.
It's not easy. I've been doing it since I was 12. Haven't punched a time clock since 1988!
 

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I just fired my agent on the Austin property. We hadn’t even gotten to listing it on the MLS. The renter was in the process of moving out.

The agent told me that his landscapers had started working in the yard, removing some ugly planting beds and replanting flowering stuff. He promised pictures on Monday. I went by on Tuesday after not receiving pictures. The old beds were still there.

When asked about the situation, the agent lied, made excuses, and then said that he didn’t tell me there were ongoing problems because he is a man.

That did it.
 

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I just fired my agent on the Austin property. We hadn’t even gotten to listing it on the MLS. The renter was in the process of moving out.

The agent told me that his landscapers had started working in the yard, removing some ugly planting beds and replanting flowering stuff. He promised pictures on Monday. I went by on Tuesday after not receiving pictures. The old beds were still there.

When asked about the situation, the agent lied, made excuses, and then said that he didn’t tell me there were ongoing problems because he is a man.

That did it.
Oh boy. I'm not sure how calm I could have remained when confronted with what you found and the agent lying about it.
 

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Discussion Starter · #32 ·
We have a casino opening here in 2023. That seems to be what is fueling the market here as people try to figure out how they can make money off it. The agent said speculators are buying up property for B&Bs and AiRBnBs.
 

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It's bad when a broker calls me asking for my opinion on comps. I like them though... Still too much insider junk going on. I'm not the biggest fish in the pond!!!
 

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Discussion Starter · #34 ·
It's bad when a broker calls me asking for my opinion on comps. I like them though... Still too much insider junk going on. I'm not the biggest fish in the pond!!!
I told the agent I thought she was $15k too low. She took it well. I can't wait to see her written proposal.

The last 2 times I used an agent to sell my property, I got them to list much higher than their comps showed, and both times they sold for near what I was asking. They only look at the dollars and don't pay enough attention to motivators like landscaping, privacy, view out the window, curb appeal, etc. In my case, I have 2 acres out back I keep mowed and there are grape vines, some pecan trees, and some fruit trees. It looks like a park, but to the agents, they just write down 2 undeveloped acres.
 

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Discussion Starter · #35 ·
I can't figure out how much property I have. There was one amount of the original sales listing, and then the city/county has 2 different acreages for the 5 parcels. I ordered this to see if I can figure it out. Before someone recommends I get it surveyed, they are backed up about 2 months right now.

 

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I can't figure out how much property I have. There was one amount of the original sales listing, and then the city/county has 2 different acreages for the 5 parcels. I ordered this to see if I can figure it out. Before someone recommends I get it surveyed, they are backed up about 2 months right now.

I’d check my legal description on the deed first. Save myself a lot of walking.
 

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Discussion Starter · #37 ·
I’d check my legal description on the deed first. Save myself a lot of walking.
Thank you. There are either 5 or 6 parcels and I believe the county has encroached on 1 parcel. I'm trying to sell one parcel to my neighbor and it is the one the county has encroached on. They built a pumping station on the parcel next to mine and located the culvert for the driveway such that part of the driveway extends onto my property. It happened so long ago that I don't think I have any recourse.

I know the previous owner had a survey done, but he has passed away and I never got a copy of it. Would it be on file somewhere?
 

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Thank you. There are either 5 or 6 parcels and I believe the county has encroached on 1 parcel. I'm trying to sell one parcel to my neighbor and it is the one the county has encroached on. They built a pumping station on the parcel next to mine and located the culvert for the driveway such that part of the driveway extends onto my property. It happened so long ago that I don't think I have any recourse.

I know the previous owner had a survey done, but he has passed away and I never got a copy of it. Would it be on file somewhere?
It should be on file at the county clerks office. It should also be on your deed.
 

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How have you selected listing
Only time I sold a property with a realtor was with a personal friend....who sold me the house....and took care of it after I moved.

And 2 or 3 years from now, prices will fall dramatically.
Only price that I see falling will be lumber, everything else, including housing, will be going up for the next 5-8 years ar least. Probably at 10-12% a year. (caveat - If we get another good economic conservative in charge we might cut spending, raise interest rates, and stave off stagflation....but that would bankrupt us with higher interest on our 30 Trillion debt).

When the government stops pumping money into the system, things
The tank is full, and Uncle Joe is still running the printing presses. Inflation is here, and gonna get worse.
 
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