I was just shocked how over the top these offers came.

@Michael PearseThanks for your response I fully anticipated needing to make 20 to 40 offers prior to an accepted one, but shocked how over the top these other investors were vs my offer.

We had 900 point decline in Feb and we are still standing.HOWEVER, clouds are on the horizona) International markets have been routed - from 50% down in Asia and Russia to 15% down in Europeb) Interest rates are climbing, 30 year mortgage hit -- shock, horror -- 5% againc) Real estate markets in some regions are showing seasonal cooling downd) Tariff warse) Oil prices risingf) Employers cannot find employeesThe next 12 months should be interesting ....When the credit markets sneeze, the real estate market will catch a cold ....

(ii) Buyer shall keep Seller and Broker fully informed about the status of Buyer’s mortgage loan application, Loan Approval, and loan processing and authorizes Buyer’s mortgage broker, lender, and Closing Agent to disclose such status and progress, and release preliminary and finally executed closing disclosures and settlement statements, to Seller and Broker.

I looked today to see my balance and wow did I get a shock!

I have had preliminary discussions with the owner (he is 75, property is owned free and clear, has no direct heirs) but have not submitted an offer yet.

The first set of contractors sent to the property provided a preliminary estimate of repairs in which they are quoting a total of $86,000.

Also, consider making a form email that you can send to a resident whenever they send you a service request letting them know that you have received their request and that if they will please send you an email with as many details as possible about the problem and needed repair you will contact them within xx hours/days to set up an appointment/do a preliminary evaluation.I would encourage you not to feel embarrassed or unprofessional for going into a house YOU OWN to see if you can fix something.

They'll likely go up, but to avoid mass financial shock to the older population, they'll go up slowly.

I think it would take pretty strong ecenomic shock felt globally to see it roll out otherwise.I also wouldnt be surprised if there was some relief provided in the mortgage stress rules.