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DIY Homebuyer Academy

57 members • Free

4 contributions to DIY Homebuyer Academy
Forecasting # of future new listings/relistings
I've found data sources that list Active listings by zip code by month, so you can get a general feel for the peaks and throughs over the years. Wondering if anyone has any preferred data sources when it comes to real estate data? The other data point I want to find, which seems a little more complicated, is knowing how many houses have been pulled from the market over the past half year. Is this accessible anywhere? I have the impression that there were a lot of listings pulled in my Area in Nov/Dec. that will come on market later. Basically, I'm trying to predict if I will see a increase of houses in the next month. In Ohio, May/June does seem like the hottest time of year, but at the moment inventory is still quite low, so I'm just getting worried that there won't be much coming to the market this spring. Otherwise there are a few houses that have been on the market, that are decent but overpriced. Thus, I'm contemplating making a low offer.
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New comment 12d ago
Fabulous HH, seller's agent question
What an incredible Happy Hour! Thanks Nick for hosting. I didn't even get to ask, Nick, why do you think a seller's agent is more important/pivotal than a buyers agent (I believe I heard you say this in a podcast)? What do you think they DO provide in wrangling that sale to the finish line. Thank you.
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New comment Mar 18
2 likes • Mar 14
I'd be interested to know as well. My personal take is that I have a lot of experience buying things, assessing whether or not it's worth the price. Whereas I have very little experience selling things, so I a selling agent will get me a better ROI than doing it myself. Plus they are more motivated to get the highest selling price
How to "Sell" myself as unrepresented buyer
I saw a potential property today that has already been reduced from $439k to $429k. Hypothetically, let's say $429k is the accurate market value. 3% of that is about $12.8k. Thus, if I make an offer at $419k, and explain that they don't need to pay the buyers agent, would that be more attractive than the person who is offering $429k with a buyers agent? What is the proper way to word it, so that the seller understands that it is more advantageous to them? Should I always specify that in the offer letter? Also, is there a way of knowing how the commission is laid out in the contact between the seller and seller's agent? Is there a chance that the seller would get all 6% if the buyer is unrepresented? If that is the case, being unrepresented doesn't really have advantages does it?
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New comment 26d ago
1 like • Mar 3
@Nick Aufenkamp Thanks for the thorough response Nick! From my point of view, I'd rather have $10k less of a mortgage than $10k in sellers credits toward closing, but do you feel like the latter is more attractive to a seller? I could see some sellers feeling like, in the latter scenario they are still selling at the full price rather than at a reduced price (even though it's no net difference)
1 like • Mar 3
@Nick Aufenkamp Yes, those were my exact same thoughts; People want to feel like they were successful in selling at their full price.
Who is buying a house this year? How are you feeling about the market?
Hey y'all! Out of curiosity, who here is gearing up to buy a house this year? If you are, what are your thoughts on interest rates and what you're seeing in your housing market?
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New comment Feb 19
1 like • Feb 19
I will be moving back to the US at the end of February, thus will officially begin my house hunting in March. I'm giving myself 0-3 months to find something. Sooner the better but I also don't want to settle for something.
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Patrick Coyne
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11points to level up
@patrick-coyne-8406
Currently living in the Netherlands, moving back to the US with my family of 4 in Feb of 2025

Active 2d ago
Joined Dec 12, 2024
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