🏡 Better Homes OFFICIAL real estate bs discussion

[Jimy Bilmo]

GLADIATOR thanks for fucking up our lottery. 190 acres!

8175 View Point Cir, Evansville, WY 82636 | Zillow

8175 View Point Cir, Evansville WY, is a Single Family home that contains 4400 sq ft and was built in 2019.It contains 4 bedrooms and 5 bathrooms. The Zestimate for this Single Family is $1,060,400, which has increased by $42,600 in the last 30 days.The Rent Zestimate for this Single Family is...

www.zillow.com

 

[01Cobra]

All those townhomes by 83/60 intersection in Ivanhoe. Then that giant subdivision they're building right near there too. People are fucked because there's no way they were able to lock rates for long, Conrad got lucky AF to get his squeaked in.

People are bidding on the lots in there. Still crazy. Space between the homes are so tight.

 

[Yaj Yak]

better line'r up just right

25966 W Wilson Rd, Antioch, IL 60002 - 3 beds/1 bath

(MRED as Distributed by MLS Grid) Sold: 3 beds, 1 bath, 1200 sq. ft. house located at 25966 W Wilson Rd, Antioch, IL 60002 sold for $350,000 on Feb 10, 2023. MLS# 11675792. Lake resort life is calling your name! This private cabin-...

www.redfin.com

 

[Jimy Bilmo]

View attachment 136866

better line'r up just right

25966 W Wilson Rd, Antioch, IL 60002 - 3 beds/1 bath

(MRED as Distributed by MLS Grid) Sold: 3 beds, 1 bath, 1200 sq. ft. house located at 25966 W Wilson Rd, Antioch, IL 60002 sold for $350,000 on Feb 10, 2023. MLS# 11675792. Lake resort life is calling your name! This private cabin-...

www.redfin.com

FOUR
HUNDRED
AND
FIFTY
THOUSAND
DOLLARS

 

[Yaj Yak]

FOUR
HUNDRED
AND
FIFTY
THOUSAND
DOLLARS

chuckles.gif

 

[Yaj Yak]

View attachment 136866

better line'r up just right

25966 W Wilson Rd, Antioch, IL 60002 - 3 beds/1 bath

(MRED as Distributed by MLS Grid) Sold: 3 beds, 1 bath, 1200 sq. ft. house located at 25966 W Wilson Rd, Antioch, IL 60002 sold for $350,000 on Feb 10, 2023. MLS# 11675792. Lake resort life is calling your name! This private cabin-...

www.redfin.com

shoveling your driveway like

 

[Shawn1112]

best is one of the houses is almost done, looks super nice, but the people are selling a house in a nicer hood, that's a nicer house, and moving into my hood... k cool whatever. but they haven't sold that house. and barely had any showings at this point. and are poseda close on the new house soon... which somehow ive heard through the grapevine they're rolling a pool into their mortgage...

My buddy that is having that home built in Algonquin closes this week. He is putting the house up for sale the day he closes.
The property manager or whatever the fuck she is where the house is being built and a realtor both told him he can sell it for over $800k.
He paid like $670k iirc, and they both told him its a super desirable area and people dont want to wait for a home to be built, so it should sell insanely fast.
Its a Pulte home if that means anything lol.

 

[Jimy Bilmo]

shoveling your driveway like

Or getting out after pulling in slightly crooked.

 

[Yaj Yak]

My buddy that is having that home built in Algonquin closes this week. He is putting the house up for sale the day he closes.
The property manager or whatever the fuck she is where the house is being built and a realtor both told him he can sell it for over $800k.
He paid like $670k iirc, and they both told him its a super desirable area and people dont want to wait for a home to be built, so it should sell insanely fast.
Its a Pulte home if that means anything lol.

the house he is buying in algonquin, he's putting it up for sale same day?

 

[Shawn1112]

the house he is buying in algonquin, he's putting it up for sale same day?

Same day or the following day, they arent moving into it.
The relator is already lined up and the lady at Pulte already is aware

 

[Yaj Yak]

Same day or the following day, they arent moving into it.
The relator is already lined up and the lady at Pulte already is aware

keep us posted on this, im intereested in how it goes.

 

[Jimy Bilmo]

Capital gains be like

 

[Shawn1112]

keep us posted on this, im intereested in how it goes.

He is purely going off what the 2 of them told him. In his eyes, he is going to make $130k+, minus relator fees and whatever else.

 

[Jimy Bilmo]

He is purely going off what the 2 of them told him. In his eyes, he is going to make $130k+, minus relator fees and whatever else.

and capital gains tax

 

[FirstWorldProblems]

The builder is prob salty that they don't get that margin. When did he sign the contract? A 20% jump in value from contract signing to home completion is virtually unheard of, especially on a house that price at rates this high. Seems to me like houses north of 550-600k have completely stopped increasing in value, understandably so.

 

[Shawn1112]

and capital gains tax

He has a very good accountant, and its in a trust. So I'm pretty sure they will find a way to avoid that.
If you re-invest it in real estate, wouldnt that eliminate the capitol gain?

 

[Jimy Bilmo]

He has a very good accountant, and its in a trust. So I'm pretty sure they will find a way to avoid that.
If you re-invest it in real estate, wouldnt that eliminate the capitol gain?

If you reinvest, yes.

 

[Shawn1112]

The builder is prob salty that they don't get that margin. When did he sign the contract? A 20% jump in value from contract signing to home completion is virtually unheard of

Over a year ago, maybe closer to 18 months.

 

[Shawn1112]

If you reinvest, yes.

Well I'm sure they will re-invest in something.

 

[Yaj Yak]

He is purely going off what the 2 of them told him. In his eyes, he is going to make $130k+, minus relator fees and whatever else.

i mean it was likely worth 800k on houses that closed 2-3 months ago but with rates where they're at and this time of the year i am really curious if he'll have that good of fortune as well, i hope he does but of course am curious

 

[Shawn1112]

i mean it was likely worth 800k on houses that closed 2-3 months ago but with rates where they're at and this time of the year i am really curious if he'll have that good of fortune as well, i hope he does but of course am curious

I'll keep you guys posted on what it sells for.

 

[FirstWorldProblems]

It is a bad time of year to list for sure

The Best and Worst Time Of Year To Sell A House | Bankrate

Timing is everything when selling a house. Sellers can potentially net thousands of dollars more if they sell during the prime months.

www.bankrate.com

 

[LikeABauce302]

View attachment 136866

better line'r up just right

25966 W Wilson Rd, Antioch, IL 60002 - 3 beds/1 bath

(MRED as Distributed by MLS Grid) Sold: 3 beds, 1 bath, 1200 sq. ft. house located at 25966 W Wilson Rd, Antioch, IL 60002 sold for $350,000 on Feb 10, 2023. MLS# 11675792. Lake resort life is calling your name! This private cabin-...

www.redfin.com

I'd laugh at this, but my property slopes downhill and the side of my driveway at the left side of my garage has about a 2 foot drop. I always park one of my cars on that side just to make sure my girlfriend doesn't park over there and have a mishap lol.

 

[radioguy6]

View attachment 136866

better line'r up just right

25966 W Wilson Rd, Antioch, IL 60002 - 3 beds/1 bath

(MRED as Distributed by MLS Grid) Sold: 3 beds, 1 bath, 1200 sq. ft. house located at 25966 W Wilson Rd, Antioch, IL 60002 sold for $350,000 on Feb 10, 2023. MLS# 11675792. Lake resort life is calling your name! This private cabin-...

www.redfin.com

Looks like a foundation of an old garage and they sawed it into a trapezoid

 

[Chester Copperpot]

View attachment 136866

better line'r up just right

25966 W Wilson Rd, Antioch, IL 60002 - 3 beds/1 bath

(MRED as Distributed by MLS Grid) Sold: 3 beds, 1 bath, 1200 sq. ft. house located at 25966 W Wilson Rd, Antioch, IL 60002 sold for $350,000 on Feb 10, 2023. MLS# 11675792. Lake resort life is calling your name! This private cabin-...

www.redfin.com

FOUR
HUNDRED
AND
FIFTY
THOUSAND
DOLLARS

Looks like a foundation of an old garage and they sawed it into a trapezoid

pRiVaTe CaBiN sTyLe HoUsE

It's a fucking shack. 600sqft? fucking L O L