Richie Alan Naggar, agent & author  (people first...then business Ran Right Realty )

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Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Seller buydowns of the buyer's loan.  So when the buyer can't refi and loses the house, will they sue the seller in addition to their lender now?  Seems like fogging a mirror once again.  "I can't afford it, but please, please, please take my money."

Nov 16, 2022 08:36 PM
Rainmaker
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Even in the worst of times, there are those who desire to buy and those who need to sell. Life will go on.

Nov 16, 2022 06:50 PM
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Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That sounds like a good plan to me, haha.  Our meetup will be on Wednesday, December 7th at Noon at Mijares Mexican Restaurant 145 Palmetto Drive, Pasadena, CA.  I hope that you will be able to join us! 

Nov 17, 2022 04:14 AM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

And, if sellers aren't offering buy-downs, buyers are asking! I'm not sure I would Offer as a seller but, I am recommending my buyers to ask and so far, we're getting them locked into a Contract with that. 

Yes, location is #1, buyers are buying and sellers are selling! Cash has always been king and as for your #5...I SO wish I had a crystal ball!

In my market, while there WAS pent-up demand, that demand has softened a bit in some areas/price-ranges...

2 examples - #1 buyer was in a bidding war last night and, thankfully, we won. According to the LA, we beat out 4 other buyers and there were FIVE buyers competing! That, to me, was totally unexpected!

#2 example - cash buyer is about to go under Contract by morning, essentially 'beating-up' a seller in a lower price range than example #1 and only a few days on the market.

There is simply no logic to this market in the Charlotte Metro!!  

Nov 16, 2022 10:32 PM
Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

1. Only if priced right. 2. Yes and more important, smart buyers are.
3. Here & there yes. 4. ALL cash never left. Been a factor since 2007.

Choose your battle, pay a higher rate you can refi on a great buy now or join the herd when rates drop and competition and overbids return. The smart investors and buyers are buying right now.

Nov 16, 2022 06:57 PM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

The glass to repair my crystal ball is on back order and may take forever to get it working again!

Nov 16, 2022 05:55 PM
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Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Richie Alan Naggar  This is a normal market we came out of an abnormal market in my humble opinion. Buyers were overpaying for homes. No inspections and no negotiations 

Nov 17, 2022 12:47 PM
Rainmaker
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Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

i agree with your analysis.  I am actually enjoying this changed market for various reasons. Regarding Cash!  I've never seen more cash deals than in the past few years and today is still no different.  IMHO

Nov 17, 2022 11:04 AM
Rainmaker
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Timing timing timing impacts the best laid plans too Richie Alan Naggar . Buyer has to sell home first and wants seller on house #2 to wait , wait some more. Timing timing timing is a close second to location, location, location. Wanna buy is not ready, willing and able to buy the same. The devil is in those contingencies and "gotta sell first" situations. Say, do you know anyone on the west coast who repairs crystal balls? (sound of broker knocking, thumping side of crystal ball for better reception.)

Nov 16, 2022 02:17 PM
Rainer
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Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

All cash was gone?

Nov 17, 2022 08:33 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

There are certainly going to be a slow down at the lower end of the market. It is a game of numbers. There may be some blips in the upper markets on a temporary basis. But overall, people need to buy and people need to sell. So we march on!

Nov 17, 2022 03:50 AM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

your opinion is noted thank you Hannah Williams 

Nov 17, 2022 01:47 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

we're not seeing buyers ask or sellers willing to pay points of help a buyer buy a house.  That's never been a thing in my market for the most part. ALWAYS, we have cash buyers in the mix.  We are seeing less buying demand, but I'm a "mostly" second home market and that changes everything.

Nov 17, 2022 10:43 AM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

All cash has never left in my area and in CRE past half a dozen years! 

 

Nov 17, 2022 07:38 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It feels much better with the market being slower, and buyers have more than a minute to make a decision.   Cash is still king!

Nov 17, 2022 05:45 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Seeing a lot of reactionary short term activities right now, it will level off and we will be back to a frenzied market before long.

These rates are not that bad, I bought my first few homes at 18%.

Nov 17, 2022 04:11 AM
Rainmaker
709,632
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

and doesn't rain in Indianapolis in the Summertime

Nov 18, 2022 09:13 PM