I am a buying shark and watching desperate sellers, here's what I see and am doing

[Anonymous]

Anonymous wrote:A house in my beach area below BFE which means high flood insurance hit market last month and dead on water. A similar one summer 2021 was snatched up.

Buyers are buying but looking more at details. This house is one level. So no upstairs so sitting duck in a flood

There’s more to it than that, between the time of those two houses going the market, FEMA enacted new pricing for flood insurance that better reflect the actual risk.

[Anonymous]

Shark, how many homes have you purchased now? Must be a lot.

[Anonymous]

Curious too.

Not sure why this house is back on the market with no price reduction, but shark, what do you say you can snatch it up for.


https://redf.in/R5kr2n

[Anonymous]

Anonymous wrote:Curious too.

Not sure why this house is back on the market with no price reduction, but shark, what do you say you can snatch it up for.


https://redf.in/R5kr2n

Listed since February. Didn't sell at the to t of the market. Seems like the type of property the shark can snap up.

[Anonymous]

Wrong venue OP. You need to be on TikTok getting followers for your SHARK Strategies

[Anonymous]

Shark must be accumulating quite the portfolio of doors right now.

[Anonymous]

Forget being a shark, I am a buying Orca.

https://www.washingtonpost.com/climate-environment/2022/10/06/orcas-hunt-kill-great-white-shark/

[Anonymous]

Anonymous wrote:Here is what I am doing, I am watching homes that are recently under contract. About half of those are failing to close because of appraisal or other issues and buyers w/ cold feet.

What I am doing is throwing in bids 10% lower right after the seller puts them on the market as well as when the seller lowers the previous price.

You're not a shark, you're a minnow. Prices will fall much harder than 10%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

how many homes have you accrued with this strategy?

just started but my goal is to get a rejection and then in a month come back to the same house and bid even lower, i want prices to be around 2020 spring

It seems the answer is "zero homes" have been accrued.

Exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

how many homes have you accrued with this strategy?

just started but my goal is to get a rejection and then in a month come back to the same house and bid even lower, i want prices to be around 2020 spring

Neat. I want a pony.

[Anonymous]

I wonder how it's going for OP

[Anonymous]

Anonymous wrote:

Anonymous wrote:Here is what I am doing, I am watching homes that are recently under contract. About half of those are failing to close because of appraisal or other issues and buyers w/ cold feet.

What I am doing is throwing in bids 10% lower right after the seller puts them on the market as well as when the seller lowers the previous price.

You're not a shark, you're a minnow. Prices will fall much harder than 10%.

[Anonymous]

Liar.

[Anonymous]

Hm. Housing prices never fell. In fact they are out of control.

[Anonymous]

Anonymous wrote:Hm. Housing prices never fell. In fact they are out of control.

Houses in DC are cheap as h***.