Brenda
👤 PersonAppearances Over Time
Podcast Appearances
Hi, I'm calling because in October of last year, my husband and I made the dumb, dumb, dumb decision of taking out a bridge loan to purchase a property. And it was with the idea that we would sell our previous property and pay off the loan, restructure the loan, and everything would be great. But we haven't been able to sell our old property, and the loan is due on June 1st.
Hi, I'm calling because in October of last year, my husband and I made the dumb, dumb, dumb decision of taking out a bridge loan to purchase a property. And it was with the idea that we would sell our previous property and pay off the loan, restructure the loan, and everything would be great. But we haven't been able to sell our old property, and the loan is due on June 1st.
Hi, I'm calling because in October of last year, my husband and I made the dumb, dumb, dumb decision of taking out a bridge loan to purchase a property. And it was with the idea that we would sell our previous property and pay off the loan, restructure the loan, and everything would be great. But we haven't been able to sell our old property, and the loan is due on June 1st.
Interest has accrued like nobody's business. Oh, man.
Interest has accrued like nobody's business. Oh, man.
Interest has accrued like nobody's business. Oh, man.
So the total, they combined both properties, came out to $1.437 at $10.99. $10.99? ! Yeah. So apparently bridge loans, they explained to us, are always high interest like this. They're anywhere between 8 and 12. Man.
So the total, they combined both properties, came out to $1.437 at $10.99. $10.99? ! Yeah. So apparently bridge loans, they explained to us, are always high interest like this. They're anywhere between 8 and 12. Man.
So the total, they combined both properties, came out to $1.437 at $10.99. $10.99? ! Yeah. So apparently bridge loans, they explained to us, are always high interest like this. They're anywhere between 8 and 12. Man.
Well, that's how confident we were that we could sell our old house.
Well, that's how confident we were that we could sell our old house.
Well, that's how confident we were that we could sell our old house.
That's the million-dollar question. We've knocked the price down a couple times now. We are technically under contract, but our buyers cannot seem to lock in a buyer themselves. And what they keep telling us is the market is just so weird. It's just such a bad time right now. It's a buyer's market, not a seller's. Yes.
That's the million-dollar question. We've knocked the price down a couple times now. We are technically under contract, but our buyers cannot seem to lock in a buyer themselves. And what they keep telling us is the market is just so weird. It's just such a bad time right now. It's a buyer's market, not a seller's. Yes.
That's the million-dollar question. We've knocked the price down a couple times now. We are technically under contract, but our buyers cannot seem to lock in a buyer themselves. And what they keep telling us is the market is just so weird. It's just such a bad time right now. It's a buyer's market, not a seller's. Yes.
I mean, I think we listed too high. But then again, we were going off of the comparables, you know, the appraisal report. And, you know, I don't know. I think the market over here, the people that can afford that price difference. tag, they're looking for way more square footage. So while that house is very nice because it's remodeled, we poured a lot of money and sweat and tears into it.
I mean, I think we listed too high. But then again, we were going off of the comparables, you know, the appraisal report. And, you know, I don't know. I think the market over here, the people that can afford that price difference. tag, they're looking for way more square footage. So while that house is very nice because it's remodeled, we poured a lot of money and sweat and tears into it.
I mean, I think we listed too high. But then again, we were going off of the comparables, you know, the appraisal report. And, you know, I don't know. I think the market over here, the people that can afford that price difference. tag, they're looking for way more square footage. So while that house is very nice because it's remodeled, we poured a lot of money and sweat and tears into it.
It's a two acre property. It's got, you know, that country feel with Starbucks five minutes away, all the amenities. But I think people are looking for more palatial homes in that area because we're surrounded by those types of homes.
It's a two acre property. It's got, you know, that country feel with Starbucks five minutes away, all the amenities. But I think people are looking for more palatial homes in that area because we're surrounded by those types of homes.