That is a good idea but I am not looking for a project like that. I don't mind doing some work like painting, new cabinets, putting up tiles and so on. I rather not touch any major external jobs like windows, roof, siding.
That is a good idea but I am not looking for a project like that. I don't mind doing some work like painting, new cabinets, putting up tiles and so on. I rather not touch any major external jobs like windows, roof, siding.
Windows is easy & same as siding, roofing is a heavy job that you can do but it can be dangerous and should be left for the pro.
Painting, new cabinets & tiles talkes more work than the outside jobs that you mentioned except for roofing.
It doesn't hurt to talk to a local general contractor to give you a better insight and home owning options.
If you were living closer I wouldn't mind give you a hand on any of the projects around the house for some pizza & brews.
We spoke today and she had a contract with an offer she couldn't refuse.
*Parasites*
I don't like the market here at all. I will be keeping statistics of asking vs. selling price and the time the house has been on the market for the next 4 - 6 months.
*Parasites*
I don't like the market here at all. I will be keeping statistics of asking vs. selling price and the time the house has been on the market for the next 4 - 6 months.
Come on over to richmond, the markets booming here.
Last year we bought a 4bed 2.5 bath 2200 sq ft house (includes fully finished basement) - for ~$160, 3 months earlier the seller/realtor bought the house off a foreclosure for ~$80k did $40k in rennovations (the house was a total dump, basically rebuilt most of it)
Yeah, he had a quick flip and made 40 large out of the deal, but we got a great deal on the house that is appriciating. its on a little more then 1/2 acre, 5 min drive from downtown, fairly safe neighborhood, huge driveway
Last year we bought a 4bed 2.5 bath 2200 sq ft house (includes fully finished basement) - for ~$160, 3 months earlier the seller/realtor bought the house off a foreclosure for ~$80k did $40k in rennovations (the house was a total dump, basically rebuilt most of it)
Yeah, he had a quick flip and made 40 large out of the deal, but we got a great deal on the house that is appriciating. its on a little more then 1/2 acre, 5 min drive from downtown, fairly safe neighborhood, huge driveway
Heh, I don't feel like commuting from Richmond to Charlottesville every day. Cost of gas and wasted time will eat up any benefits.
ondarkness
Platinum Member
- Nov 10, 2004
- 2,003
- 1
- 81
When we sold my grandfathers house after he passed a couple years ago the real estate agent came in and did a half assed appraisal to set the value (she was also an appaiser), the selling price was set at nearly 50% of what she appriased the house at. Within 5 days the house was purchased, probably through a relative, friend or shill company of the agent (it's illegal for the buyers agent to purchase the property in utah under certain situations). The house was still on the market last time we drove through town. Did she get a deal? I doubt it, the walls on that house were rotting out (crumbling adobe) and we knew it when we priced it. I wouldn't be supprised if she lost her shirt on that house it needed so much work. Real estate is one of those games where you can gamble on making money and you can also lose your shirt in the process.
If she bought it in the 180's and is selling it in the 230's with almost no improvements I would be wary of something seriously wrong. If you do make an offer make it contingent on a home inspection and get a VERY through inspection done.
If she bought it in the 180's and is selling it in the 230's with almost no improvements I would be wary of something seriously wrong. If you do make an offer make it contingent on a home inspection and get a VERY through inspection done.
MikeyIs4Dcats
Lifer
- Nov 5, 2001
- 18,366
- 3
- 0
Originally posted by: Marlin1975
Please tell me this is SF or some other "high" end part of CA? Cause 1050sqf for $230K
haha the prices in so cal are much worse than that... i bought a house 2 yrs ago for about 570k, around 2400sf, sold it last month for 850k... it's crazy, the house isnt even all that great, pretty run down....
but then my new condo (1400sf) cost me around 580k =(
An appraisel is nothing more than an opinion of value. The real value is what the property will sell for on the open market. Your second comment is pure ignorance.
Where in richmond.
I'm loooking for a house in richmond. West end the prices keep going up day by day. An average 3400+ sq. ft house is selling for close to 450k. Any input will be appraciated.
is there any place we could search for foreclosures??
On the sales flyer and the on the web she was listed as owner/agent so she did nothing wrong there.
Of course I should care. It's up to me if I am willing to ride the bubble.
Now if she actually put down $25k in upgrades I would not complain about $230k.
Then don't buy it. Quite simple really. What she paid isn't relevant, it's only whether you think the property is overpriced in the CURRENT market. You sure do whine a lot.
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