ErraBook_monagadu Posted March 2 Report Posted March 2 Purchased 900K in April 2024 Expected sale price 800K or less Calculate loss if you sell in 1 year. New house smell still there, already exit and run https://www.zillow.com/homedetails/5563-Oberon-Ave-Tracy-CA-95377/344091074_zpid/ Quote
kevinUsa Posted March 2 Report Posted March 2 5 minutes ago, ErraBook_monagadu said: Purchased 900K in April 2024 Expected sale price 800K or less Calculate loss if you sell in 1 year. New house smell still there, already exit and run https://www.zillow.com/homedetails/5563-Oberon-Ave-Tracy-CA-95377/344091074_zpid/ The house is not worth more than 500,000 Quote
ErraBook_monagadu Posted March 2 Author Report Posted March 2 Many people approaching agents to sell and exit. By summer there will be fire sales at deep discounted prices Quote
nag Posted March 2 Report Posted March 2 19 minutes ago, ErraBook_monagadu said: Purchased 900K in April 2024 Expected sale price 800K or less Calculate loss if you sell in 1 year. New house smell still there, already exit and run https://www.zillow.com/homedetails/5563-Oberon-Ave-Tracy-CA-95377/344091074_zpid/ home owner has to reside at least 5 yrs before selling a house.. selling before 5 yrs is a loss vehicle Quote
ErraBook_monagadu Posted March 2 Author Report Posted March 2 Selling and closing costs: 50k property tax: 10K Interest: 50k Property depreciation: 100K Minimum loss 210K in one year, assuming property sells in 2 months. The longer it stays on market, more interest accumulates and sells for lower price. Quote
ErraBook_monagadu Posted March 2 Author Report Posted March 2 If you add in value of time in home search, time spent closing the mortgage, moving in, moving out, planning for sale, add another 50K loss Quote
ErraBook_monagadu Posted March 2 Author Report Posted March 2 This house listed 977K has to compete with a brand new one same size next street listed by builder 910K https://www.zillow.com/homedetails/5873-Placer-Dr-Tracy-CA-95377/446922425_zpid/ Another seller nearby listed house for 800K https://www.zillow.com/homedetails/5838-Lenin-Priego-St-Tracy-CA-95377/2061977562_zpid/ It’s going to be bitter experience Quote
kevinUsa Posted March 2 Report Posted March 2 9 minutes ago, ErraBook_monagadu said: This house listed 977K has to compete with a brand new one same size next street listed by builder 910K https://www.zillow.com/homedetails/5873-Placer-Dr-Tracy-CA-95377/446922425_zpid/ Another seller nearby listed house for 800K https://www.zillow.com/homedetails/5838-Lenin-Priego-St-Tracy-CA-95377/2061977562_zpid/ It’s going to be bitter experience 800k house is pakka one desi guy So aa hous cheste bagane invest chesadu anipistadundi 740 ki koni 800 ante oka 200k easy loss Quote
ErraBook_monagadu Posted March 2 Author Report Posted March 2 First it has to sell for 800k, longer it stays more homes come for sale and lower the price Quote
ErraBook_monagadu Posted March 2 Author Report Posted March 2 People thinking home buying is easy like rice plate eating No, never!! 1 Quote
ErraBook_monagadu Posted March 2 Author Report Posted March 2 This listing nearby, no one showed up, today they cut price 20k to $815K. purchased for 900k. https://www.zillow.com/homedetails/5777-Tournament-Ct-Tracy-CA-95377/2063071241_zpid/ Nimmakayalu nimmakayali Rupaya ki rendu, ikkada rupayiki mudu randamma Kashmir nimmakayalu 1 Quote
Dale Posted March 3 Report Posted March 3 21 hours ago, ErraBook_monagadu said: People thinking home buying is easy like rice plate eating No, never!! buying home is easy peasy... selling is nightmare. Quote
.thumb.jpg.ce42bb16ec102475a78c2087ce269c7d.jpg)
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.