Zillow offer, now what?

[CoastRange57]

Correct. We sold our last flip in early 2008, before we took a few years off and it sold to some body who was a first time buyer,nothing down, wrapped all the closing up in the loan, one person working, it was unreal.

 

[kilimanjaro]

I recall a family of five, Mexican, the husband was sole breadwinner, doing landscaping work. They qualified for a $250,000 mortgage on whatever he earned. I think they had the place for a year before it caught up with them.

 

[SkeetAt40Below]

I recall a family of five, Mexican, the husband was sole breadwinner, doing landscaping work. They qualified for a $250,000 mortgage on whatever he earned. I think they had the place for a year before it caught up with them.

The guy who did my landscaping had pretty good hustle- I wouldn't be surprised if he took home more than I did.

 

[Fordcragar]

P

This thread made me curious about what would happen if I listed my house on Zillow. So last night I did, put it up at what I think is top dollar ($458,000) with just a little info and three pictures.

I have had 8 calls this morning and an appointment to show it at 3 today.

So are you going to move now?

 

[CoastRange57]

The guy who did my landscaping had pretty good hustle- I wouldn't be surprised if he took home more than I did.

Yeah. When it is all tax free that gives you an immediate 15%-25% wage increase. Cash is king. Money talks. Guys down the road did this. Got a house, made payments on it for a while, did cash auto repair out of the garage, stopped making the payments and lived there for another year and a half before they finally evicted him and auctioned it off.