Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
|
||
|
||
![]() Quote:
I think with mortgages now slipping below 5%, there will be more closing activity and there will be more data available to evaluate the currently most successful approach to selling. how long that lasts will also be questionable, as the situation evolves. If the buyer has an agreement in place, and the seller won't give any commission in the sale, then at closing, the mortgage company / title company will require that the downpayment / or cash required at closing will be the balance for the mortgage/purchase plus the BAC commission. The result will be that all purchases with no concession from seller, will require an additional 2-3% over listing price for buyer. Kind of like the credit card free of 2-4% on credit card transactions at the local restaurant. Sellers are forced into accepting the Buyers agreement / use of a credit card and the resulting cost increase for the transaction. Credit card fees have forced the sellers to list a higher price to account for the fee and still get the required minimum gross margin to stay in business. House inflationary results Last edited by CoachKandSportsguy; 09-25-2024 at 06:05 AM. |
|
#17
|
||
|
||
![]() Quote:
The rest of the story is, for an older manufactured home (late 80s thru the 90s), an owner can expect to pay in the range $1800 - 1900 p/year for $30,000 in replacement value. Meaning, if the home got wiped out, insurance company would give you 30K. If it got damaged (let's say a heavy tree limb bashed thru the roof) and it was going to cost $8000 to repair, the insurance company would pay a depreciated amount for that repair...maybe $1000 to $2000. Truly, I can't imagine why people in those type ownership situations wouldn't just forgo insurance. The numbers and probabilities don't make sense to carry it. If I'm missing something, please advise. Gave her another address of a stick-built 1992, 2 bed and bath, 1200 sq ft, shingle roof installed 2017 that will probably transact around 245K and the quote was $2800. Almost the same as #1 mentioned in above post. There's some up-to-date info. |
#18
|
||
|
||
![]() Quote:
|
#19
|
||
|
||
![]()
The listing agent should pay the buyers agent as in the past. Only in today’s crazy world would that change.
__________________
Most people are as happy as they make up their mind to be. Abraham Lincoln |
#20
|
||
|
||
![]() Quote:
Remember when the credit cards didn't have any cash back? Find that grocery store now and credit card combo now. . Your position will work until it doesn't, like everything else. |
Closed Thread |
|
|