Strange situation for New home buyers after COVID - Jan report

[Sonu_Patel]

Key Note: Lot of people migrated from one state/city to different during COVID with the job flexibility provided by companies.

With the recent trend with companies calling return to offices and hybrid schedules, there are certain group of sellers who bought homes last year are forced to list at the premium price to cover the broker commissions. 

The bigger problem what i foresee is:

- Houses which are located no where from everywhere will be at huge risk. One heavily Motivated seller is enough to create the impact on the future listing prices. 

- Houses in bad condition or not well maintained will not attract buyers and end up a correction. 

- Houses in bad school district may not get enough interest with high interest rate environment. 

- Houses which are above the median sales price may not get enough number of buyer interest if the inventory levels rise this summer. 

- Houses which are priced over the market value will not attract any buyers. Greedy sellers will get a big hit. 

As per my Analysis, I highly recommend any one is looking to buy a home to OPT for a New Construction home rather than buying a Pre-owned home because the Builders gets associated with Lenders/banks to get a better rate and cover closing related expenses which is better bang for your buck. Pre-Owned home prices still depict the greediness in pricing and there is no benefit with interest rate offers/closing assistance. 

Itlu,

mee Sonu Patel. 

[Hitman]

nee advise valla lot many would suffer man... many looking to sell their homes , they already under water. they need to add 6 to 7% Realtor commissions to the purchase price. if you advise all new buyers to consider only NEW homes.. how our friends have to sell their pre owned which comes free with curry smell and Wifi ready. 

[suribabulavangams]

Just now, Hitman said:

nee advise valla lot many would suffer man... many looking to sell their homes , they already under water. they need to add 6 to 7% Realtor commissions to the purchase price. if you advise all new buyers to consider only NEW homes.. how our friends have to sell their pre owned which comes free with curry smell and Wifi ready. 

Vadu edo troll cheste nuvvu Mari yellow gorre la nammestunav

[VictoryTDP]

[AnandaVivek]

27 minutes ago, Sonu_Patel said:

Key Note: Lot of people migrated from one state/city to different during COVID with the job flexibility provided by companies.

With the recent trend with companies calling return to offices and hybrid schedules, there are certain group of sellers who bought homes last year are forced to list at the premium price to cover the broker commissions. 

The bigger problem what i foresee is:

- Houses which are located no where from everywhere will be at huge risk. One heavily Motivated seller is enough to create the impact on the future listing prices. 

- Houses in bad condition or not well maintained will not attract buyers and end up a correction. 

- Houses in bad school district may not get enough interest with high interest rate environment. 

- Houses which are above the median sales price may not get enough number of buyer interest if the inventory levels rise this summer. 

- Houses which are priced over the market value will not attract any buyers. Greedy sellers will get a big hit. 

As per my Analysis, I highly recommend any one is looking to buy a home to OPT for a New Construction home rather than buying a Pre-owned home because the Builders gets associated with Lenders/banks to get a better rate and cover closing related expenses which is better bang for your buck. Pre-Owned home prices still depict the greediness in pricing and there is no benefit with interest rate offers/closing assistance. 

Itlu,

mee Sonu Patel. 

Sare kaani inthaki nuvvu eppudu kontunnavu!! Psycopk kuda bayata nunchi vachi Travisso lo book chesadu. Inka enni rojulu

[Aquaman]

2 minutes ago, AnandaVivek said:

Sare kaani inthaki nuvvu eppudu kontunnavu!! Psycopk kuda bayata nunchi vachi Travisso lo book chesadu. Inka enni rojulu

add @perugu_vada uncle also bought

[AnandaVivek]

11 minutes ago, Aquaman said:

add @perugu_vada uncle also bought

Mana @perugu_vada Chanti local!!! Finally pulled the trigger.

@Sonu_Patel bhayya.. intlo dobbatam ledha illu konali ani..peer pressure untundhi ga😀

[Sonu_Patel]

1 hour ago, Hitman said:

nee advise valla lot many would suffer man... many looking to sell their homes , they already under water. they need to add 6 to 7% Realtor commissions to the purchase price. if you advise all new buyers to consider only NEW homes.. how our friends have to sell their pre owned which comes free with curry smell and Wifi ready. 

 but no thanks for heavily inflated prices anna.. better go and buy New Construction where you get opportunity to flush for the first time. 

[Sonu_Patel]

1 hour ago, suribabulavangams said:

Vadu edo troll cheste nuvvu Mari yellow gorre la nammestunav

troll emundi ba ikkada.

[Sonu_Patel]

1 hour ago, AnandaVivek said:

Sare kaani inthaki nuvvu eppudu kontunnavu!! Psycopk kuda bayata nunchi vachi Travisso lo book chesadu. Inka enni rojulu

mahamahulu oka @psyc0pk and @perugu_vada vada lantolley bought New construction home.. guddiga follow aepovachu antunna @ANNA_PLEASE_PETTU

[Sonu_Patel]

50 minutes ago, AnandaVivek said:

Mana @perugu_vada Chanti local!!! Finally pulled the trigger.

@Sonu_Patel bhayya.. intlo dobbatam ledha illu konali ani..peer pressure untundhi ga😀

very soon moving to Atlanta anna ... will buy there.

ee dallas market ni ah @Rahul_Gandhi ae kaapadaali.

[Thokkalee]

1 hour ago, Sonu_Patel said:

Key Note: Lot of people migrated from one state/city to different during COVID with the job flexibility provided by companies.

With the recent trend with companies calling return to offices and hybrid schedules, there are certain group of sellers who bought homes last year are forced to list at the premium price to cover the broker commissions. 

The bigger problem what i foresee is:

- Houses which are located no where from everywhere will be at huge risk. One heavily Motivated seller is enough to create the impact on the future listing prices. 

- Houses in bad condition or not well maintained will not attract buyers and end up a correction. 

- Houses in bad school district may not get enough interest with high interest rate environment. 

- Houses which are above the median sales price may not get enough number of buyer interest if the inventory levels rise this summer. 

- Houses which are priced over the market value will not attract any buyers. Greedy sellers will get a big hit. 

As per my Analysis, I highly recommend any one is looking to buy a home to OPT for a New Construction home rather than buying a Pre-owned home because the Builders gets associated with Lenders/banks to get a better rate and cover closing related expenses which is better bang for your buck. Pre-Owned home prices still depict the greediness in pricing and there is no benefit with interest rate offers/closing assistance. 

Itlu,

mee Sonu Patel. 

Uncle, nuvu enni cheppinaa evaru vinaru, especially when you yourself don’t own a house… if you are a realtor or at least a home owner, then your advice has some value.. 

lite thiskuni isonti threads veyyaku.. 

[Sonu_Patel]

11 minutes ago, Thokkalee said:

Uncle, nuvu enni cheppinaa evaru vinaru, especially when you yourself don’t own a house… if you are a realtor or at least a home owner, then your advice has some value.. 

lite thiskuni isonti threads veyyaku.. 

I own house and lands in India anna.. does that not count ? 

[Aquaman]

@Sonu_Patel assalu thaggaku...maintain the flow

 

Dallas nunchi poku bro.. consider buying in melissa or Anna.. you will get big house for good price.. charter schools lo veyachu

 

[lollilolli2020]

2 hours ago, Sonu_Patel said:

Key Note: Lot of people migrated from one state/city to different during COVID with the job flexibility provided by companies.

With the recent trend with companies calling return to offices and hybrid schedules, there are certain group of sellers who bought homes last year are forced to list at the premium price to cover the broker commissions. 

The bigger problem what i foresee is:

- Houses which are located no where from everywhere will be at huge risk. One heavily Motivated seller is enough to create the impact on the future listing prices. 

- Houses in bad condition or not well maintained will not attract buyers and end up a correction. 

- Houses in bad school district may not get enough interest with high interest rate environment. 

- Houses which are above the median sales price may not get enough number of buyer interest if the inventory levels rise this summer. 

- Houses which are priced over the market value will not attract any buyers. Greedy sellers will get a big hit. 

As per my Analysis, I highly recommend any one is looking to buy a home to OPT for a New Construction home rather than buying a Pre-owned home because the Builders gets associated with Lenders/banks to get a better rate and cover closing related expenses which is better bang for your buck. Pre-Owned home prices still depict the greediness in pricing and there is no benefit with interest rate offers/closing assistance. 

Itlu,

mee Sonu Patel. 

intaki illu konnava leda uncle