Lost the house to all cash buyer.
RANT ALERT: Why won't the investors leave Bay Area alone. They buy properties put 50k and sell at a 200k profit raising the market rates. Regular people don't have cash lying around. Housing was unaffordable 4 years ago today it feels like a constant chase which you never win.
At least we should tax foreign investment a la Vancouver. Give money to schools.
We probably should. But it won’t happen. Look at what happened in Toronto. City coffers need the tax money.
How can you lose something that is not yours?
Your rant against all cash buyers is misguided. Be angry that our zoning policies don't allow for higher density housing. That's what's artificially keeping supply low and costs high. Take a look at the recent bill from Scott Weiner that was shot down. I'd urge you to vote for folks that are in favor of higher density zoning.
I feel you. I lost 7 deals just because of that. For that, I would suggest to have a realtor who can put cash offers on your behalf. I did the same n finally won sth.
Does the realtor charge extra?
No, you just have to pay extra escrow
I hope this helps https://www.seattletimes.com/business/real-estate/seattle-real-estate-startup-which-aims-to-make-everyone-a-cash-buyer-raises-17-million/
Yea FlyHomes, they were my realtors. Becoming one of the biggest names in Seattle area because of their strategy product
Big need in a few coastal markets but I wonder how this will scale to most markets where you get 1 offer from a shake buyer in 2 months at best. Open Do It is having some success doing something similar.
There's demand and supply. That's why lol. Buying isn't for everyone.
I think you need to find a shark of a realtor. Mine found me a off market 4/2 in Campbell for $1.2. Contact Jordan Mott and Jordan Shea @ Intero. They got me my place in 1 try and their claim is they’ve never had to put more than 3 offers for a client to get a house for them
Don't talk bad about Chinese. I see where you are going. We have cash and we will use it. It's very fair
OP, if you feel that there r lots of cash buyers and market is strong, why don't you offer 200+k higher than asking price? Just put out higher bid. With such good market you will have positive equity in a year or two.
Buy a house where there is a rental restriction for atleast 1 year.
What do you mean? All cash buyers are not subject to any restrictions?
They will not buy places where they can’t rent out immediately.