Housing market situation

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admin
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Re: Housing market situation

Post by admin » Mon Dec 03, 2018 11:27 am

first we had robo signings in the states. now we will have robo appraisals.

so seems the u.s. fed is proposing that houses be apraised by computer algo rather than humans. yea that does not sound like it will end well.

https://m.slashdot.org/story/349140
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Re: Housing market situation

Post by admin » Mon Dec 03, 2018 2:22 pm

11 months of advances for the chilean construction sector:

https://www.df.cl/noticias/empresas/inf ... 05410.html
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paladin
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Re: Housing market situation

Post by paladin » Tue Dec 11, 2018 8:26 pm

There’s certainly no lack of demand in El Golf for apartments. In the last two weeks, two apartments came up on portalinmobiliario , that I liked the look of, One was sold before I could even go to see it, and the other sold today, even though the corredora said she’d let me know if anyone made an offer, which she didnt. We know that corredoras are not qualified in this country and the vast majority are just bored housewifes trying to make some money, but they really are the worst I’ve ever come across. There are also two other apartments I’ve asked a corredora various times in the past 3 weeks, but havent even had the courtesy of a reply.

mem
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Re: Housing market situation

Post by mem » Tue Dec 11, 2018 9:53 pm

If they dont reply it is probably already sold or at least an offer accepted.

at46
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Re: Housing market situation

Post by at46 » Tue Dec 11, 2018 10:03 pm

If you're planning to buy with cash vs. a mortgage, let them know right away in your initial email. That usually puts you in the front of the queue.

41southchile
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Re: Housing market situation

Post by 41southchile » Tue Dec 11, 2018 11:40 pm

at46 wrote:
Tue Dec 11, 2018 10:03 pm
If you're planning to buy with cash vs. a mortgage, let them know right away in your initial email. That usually puts you in the front of the queue.
Yes, good advice, cash is king. We are actually thinking of charging a surcharge for those that want to buy with mortages , or giving cash discount , banks or rather the useless staff that work there that don't know how to do their job most of the time.
It means it takes so much longer for the sale to go through and the added costs of getting paperwork together and time spent and invested on satisfying the bank means I would definitely give cash buyers priority . A mortgage sale is still a sale in the end, but those buying with mortgages do come with a noticeable cost to the vendor,
In the Lakes Region Chile for 6 years. It looks like New Zealand in some ways, and is nearly at the bottom of the world too, but there the similarities end.

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Re: Housing market situation

Post by admin » Wed Dec 12, 2018 6:35 am

yea i would say any real estate transaction we have handled, when a mortgage is involved with either buyer or seller, add about another two to three months to the mortgage process on average while the banks do their thing (or not).
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
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