[quote=pemeliza]The one on Ramsay has potential and is the lowest priced home in UC. Here is another on the same street that is smaller and it went for 336k in 2001.
BG, I think that house Scarlett looked at would be an amazing deal in the mid 300s. I think it will take mid 400s to buy it.
And BG you make an excellent point about the tax savings of acquiring a major fixer like that. I would much rather pay 350k to buy a fixer than 500k to buy something in move in condition but that is just me. Most buyers these days don’t want the hassle and/or don’t have the time.[/quote]
EXACTLY pemeliza, thank you! That’s exactly it – we don’t want the hassle and don’t have the time. If one can do it, more power to her/him! I am not arguing that it can’t be done – but it’s not worth for us. It’s a MAJOR fixer for US.
We don’t know if they would accept a mid300s offer. I don’t think is going to be sold at mid-300s, it’s more likely mid 400s. For a childless couple (e.g. retired) for example it will be probably fine, or a single parent with 1 kid – and they won’t need to do major fixing. I am sure somebody will buy it at mid 400s. For us it wasn’t fitting our needs.
