All Forum Posts by: Karen Margrave

You don't say what state you are in, and they all have different time frames for inspections, and processes for requesting repairs. Call your agent and find out what the time frames are, and have them call the buyers agent to find out if they are requesting repairs, etc. and moving forward. 

In real estate there's a saying "Kitchen and bathrooms sell houses" they are what are most important to people. However; good flooring is important too. 

We've been seeing multiple offers on stuff up to around 400k. After that price point we have seen some dropping, as there's several subdivisions that have built new homes going for those buyers, so a little more competitive. Our rental market here is still very strong from the fires, etc. and we have a ministry school that sucks up a lot of rental space, and STR.

Just when we were getting our meetup established, this happens! Being a Realtor, I'm still working, as housing has been deemed essential. Our market is still seeing high demand and not slowing down a lot, in fact, may be picking up with people from out of area wanting a smaller community to live in. 

What are all of you doing as far as investments? Anyone buying? Looking for anything? Selling anything? Looking for tenants, money for flips, or ? Section 1 work, home inspections, photography?  If you need help with anything, please let us know, I as well as others have a lot of sources in town. 

What does everyone think of the stay at home order? 

@Matt Christensen @Christopher Deforest @Danny G. @Cynthia Hinckley @Chris Low @Tiffany Reguera @Michael Halow @Andrew Jacobsen @Morgan M. @Lana Sha @Garrett Hawthorne
@Conner Bridwell @Benjamin Goodpasture @Jordan Michaud @Tom Northrop @Vincent Rodriguez @Zach Wain @Ramon DeLeon

@Chad Anderson

shasta, siskiyou, tehama, nor cal, lake shasta, 

@Mindy Jensen I don't see where there's an option for the button on my signature page. 

I get an error message when I click on the link. 

I remember when I was young and drove a VW bus, the price of gas was .25 a gallon, and a Big Mac was .49!! 

Our market here in Redding CA is still going strong, even with the Stay at Home order in place. It didn't take long for everyone to jump on board and figure out best practices for showing. On occupied homes sellers aren't allowed to be in the house at time of showing. Limit of 2 people in the house at a time. Of course CA was quick with new disclosures for the virus, 4 to be exact, and every time someone goes into a property they have to sign PEAD Property Entry Advisory Disclosure.

The State of CA at first required shut down, then declared realtors as "essential" business, due to the housing crisis in CA.  Redding has a very tight market as there were thousands of homes destroyed in the fires in Shasta and neighboring counties a few years back. Great rental market too. Plus now we're seeing an influx of people coming from the bay area wanting to be in less crowded areas. (I'm getting the same interest on the house in Sunriver, and will leasing for a year to tenant from so cal) and try to sell the house to an investor. 

Some of the properties that are in the more rural areas, such as Cottonwood, Palo Cedro, etc are drawing those wanting larger parcels, ranches, homes with guest houses (ADU) etc.

You are describing multiple RED FLAGS. Do not walk away... RUN! Foundation problems, water, both are huge problems and can be very costly to fix and remedy, even for those of us that are contractors. Unless a property were in a very high dollar area that is appreciating, and the price was way under market, I wouldn't consider it. 

You're on a slippery slope and should pull back. Raising rents right now is a bad idea. Nobody has a clue as to how all of this is going to shake out in the economy. Every state has different policies in effect. There are no evictions, no foreclosures, etc. so probably not a good idea to rehab a place and raise the rent. What would you do if they just get pissed off and quit paying altogether?