Yea pretty sure it's by county.
A county above me does the tax rate just like 03's. While mine does it based off some algorithm that in the past prior to this jump in home prices was ~30% less than selling price before any homestead exemption.
My house went on the market today...
- Thread starter VegasMichael
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Yea pretty sure it's by county.
A county above me does the tax rate just like 03's. While mine does it based off some algorithm that in the past prior to this jump in home prices was ~30% less than selling price before any homestead exemption.
Congrats Michael, we’re in a similar boat :
Nicest neighborhood / houses in the county by a country mile, we’re the ‘country club neighborhood’
Bought for $225k in late ‘20
Could sell TOMORROW for 400+
Similar house, with a bit more sq ft but smaller total lot size (and 10 years older than ours) just sold for $459k in less than a week.
It’s like i could bank, but then where the **** do i live?
Nicest neighborhood / houses in the county by a country mile, we’re the ‘country club neighborhood’
Bought for $225k in late ‘20
Could sell TOMORROW for 400+
Similar house, with a bit more sq ft but smaller total lot size (and 10 years older than ours) just sold for $459k in less than a week.
It’s like i could bank, but then where the **** do i live?
I guarantee you people will be upside down or distressed and dump shit.
50% loss on home value was deflation no? Only time I’ve seen those undercover repo trucks in a nice residential neighborhood too. Snatched that Infiniti right outta the driveway.
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There will be some pain for some people either way.
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If that were true I would have received more offers but I didn't.
I grew up in Rochester and remember Sodus very well. My parents live in Webster now.
People need to get reelected though.
That's the crux of it, Josh. One can sell their place for a nice gain but if you want to stay in the same area it won't really work out financially. I plan to move back to a place where real estate is cheaper.
Congrats, Michael.
We live in Grand Legacy in GV and bought our home for $500K in 2020. House two doors down that has our exact floorplan except it has a 3 car garage instead of 4 (like us) just sold for $785K. This is unsustainable! Glad you are retiring from CCSD! I know a guy who worked in the district for 30 years and retired 7 years ago. The retirement plan is SWEET. He is living his best life now. LOL
We live in Grand Legacy in GV and bought our home for $500K in 2020. House two doors down that has our exact floorplan except it has a 3 car garage instead of 4 (like us) just sold for $785K. This is unsustainable! Glad you are retiring from CCSD! I know a guy who worked in the district for 30 years and retired 7 years ago. The retirement plan is SWEET. He is living his best life now. LOL
Thanks. I used to live right on Legacy Golf Course at The Players Club Apartments on Green Valley Parkway way back when. The retirement package with the school district is nice. I received my benefit package a couple weeks ago and it ended up being more than I had calculated. The COLA's are sweet.
BTW: I believe my dentist lives in your development.
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Yup. I homesteaded my house in Naples too. Huge tax breaks.
This. Its actually laughable the ass pounding that’s coming down the pike.
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How's the Naples market? Wife would love to find a condo down there...
This is great that everybody's house has skyrocketed in value. You are going to have a whole generation or two priced out of the housing market which is going to be bad news on many fronts (economic, political, social, etc).
I've lived in CA the majority of my life and housing has been either boom or bust for the last 40 years with a few years of normalcy mixed in. This boom/bust mentality is now nationwide. We're in a massive boom and there is only one thing that follows.
I've lived in CA the majority of my life and housing has been either boom or bust for the last 40 years with a few years of normalcy mixed in. This boom/bust mentality is now nationwide. We're in a massive boom and there is only one thing that follows.
That's what I'm most afraid of.
The trouble with Naples is that you'll be near Bruno. I heard the dude is so scary that real estate prices are tumbling there because of him. (kidding)
I guess either a bust in many regions or maybe stagnation in some places.
It’s full like most of Florida. No inventory so unless you want to overpay wait it out.
Dude...you pulled your house from the Market before the sun set on the first day. I wonder how many offers would have happened in a week...two weeks...?
enjoy your small windfall...bet you could of had more
Respectfully, this is how it went down and why I did what I did.
My house was listed on MLS last Monday morning as a "Coming Soon" property. Over 200 agents looked at the listing but none made any appointments to come see it. It then went active very late Wednesday night. The following day we received one cash offer and no requests to come see it. I told my agent to wait until mid-Friday afternoon and if nothing else happens take the deal. He did. Now here's why I decided that.
1. The house down the street from me sold on 3/31 for $181 a sq ft.
2. The house behind me was for sale for two months and finally sold on 1/27 for $203 a sq ft. It was then flipped and put up for sale on 4/1 and is still sitting there. They've had two open houses and one price drop but nothing. It's been on the market more than two weeks now.
3. There are several homes in my zip code that are larger and newer but selling for less per sq ft. then I was offered. So that leads me to #4.
4. My cash offer was for $239 a sq ft. More than anything else in my neighborhood over the past 6 months. And since I'm scared of this crazy market and need to be out of Vegas by the end of next month I took the offer.
One of the drawbacks of my neighborhood is that there are two HOA's. One for the neighborhood, one for the whole community. That's a turn-off to a lot of people. Also, I am way out in the western part of Vegas, one of the last neighborhoods before you hit the barren desert. That turns people off as well.
Small windfall you say? Perhaps, but I paid $81 a sq ft. back in 2011 and nearly tripled my money selling for $239 a sq ft. I'm sorry you think I'm dumb for what I did but I do what's in my comfort zone as well as my time frame.
Bro you don’t have to explain shit. I think you did great. When I sold my house last summer I got a offer of 50k over. No inspection. No appraisal and 30 day closing and a huge cash deposit. It was one of the smoothest transactions I ever had. Zero ragrets and I took that offer and pulled it off the market after one day and one open house.
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