Unfortunately it's still TBD. But i did learn the entire process is fucked up, and that's putting it simply. You cannot just walk into a builders office and say i will pay you X dollars for this property. Instead, in Maryland, you need a realtor and ours was an idiot.
Ours couldn't do math, he spent half a day trying to convince us that a .5% interest rate increase was worth 4,000 in lender credit...really? Addition failed him later as well...
But more so, it looks like in America we have a system where people with no real understanding of economics, writing, math or even negotiating is responsible for your ability to find a place to live. Now wonder poorly built places, with incomplete and incorrect assembly are going for $350,000, because they can. Our realtor was more concerned with 'making the deal' but wouldn't budge on his commission which was the sticking point, nor was he any real use..but we had to use him.
On top of this are ~70 pages of documents that needed to be signed, before an offer could be made, to find out that the counter-offer sucked and wasn't worth my time at all. So can i get a place where i can walk in..with cash and buy it? I mean the loan and cash upfront aren't an issue, but stop trying to prop up a crappy home-market, it just screws people over and makes it all worse.
In summary, I hate real estate.
No comments:
Post a Comment