Skip to main content

How much do you discount an offer for murder?

This is a real question we asked our realtor this week.

A story with twists and turns ahead. Started looking for homes in a popular area of the US. Find a cute home, put in our first offer, goes 100k over, cash. Sad, but not surprised, we regroup and look again. Find a 10x nicer home, cooler area, twice as big. Assemble offer and send to realtor. Start googling the neighborhood in more detail. Find an open homicide case for the town... oh no... same street... oh no... across the street from the property. Shit. Do we pull out? No...we are pretty tough... but we now don’t feel comfortable going over asking price. Call realtor and ask how much to discount the offer for murder? 25k seem reasonable? We laugh nervously on the phone. But then actually really have to decide this number for real. Start panic researching the murder in this tiny town. Find the private town Facebook group. Wait to get access. Turns out guy murdered was a huge jerk, like big time, violent, for awhile, to random people in town, unprovoked. Lots of comment threads pointing to many who “plan to go to his house and solve the problem since the police aren’t.” Not making this shit up or exaggerating in the slightest. Not saying he deserved it, of course, we’re not monsters. RIP. But in terms of our own safety we decide welp.. vigilantes justice, I guess? Put in lower offer, no contingencies, eff it. Maybe we need to let others know about the murder to help our offer? But still, RIP. We’re pretty certain we won’t be even close. Somehow get into the top two?! It’s us, no contingencies... and a contingent offer 50k more. We go up 25k, cause why not, now we’ve decided the murder was fine I guess. They verbally accept our offer.....! And 1 hr later switch to the higher offer.

TLDR Found out about an open homicide across from the house we were offering on. Had surprisingly little regard for this due to the insanity of the market right now(or the low bar for our own personal safety). Tried to solve homicide using FB like a truecrime podcaster. Went in fast and loose with a non contingency offer, still lost. Even murder can’t slow down this market.

submitted by /u/janager
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/mg877h/how_much_do_you_discount_an_offer_for_murder/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...