- This topic has 24 replies, 13 voices, and was last updated 17 years, 9 months ago by theplayers.
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July 19, 2006 at 1:05 PM #28869July 19, 2006 at 1:29 PM #28875waiting hawkParticipant
Ya tx chick really did not let up huh. My post is under the name Hessj on that forum. I don’t think I will add that home to my site. It’s to sad.
July 19, 2006 at 4:01 PM #28887no_such_realityParticipantThat’s sad. Beautiful work. Three mistakes: didn’t buy deep enough discount, spent too much on the fix and took too long.
Any single one of those cripples your profit margin.
July 19, 2006 at 4:19 PM #28889waiting hawkParticipantOCRenter post:
“I’m guessing $70,000 for the renovation. that would only be a $30,000 profit at the current price. if the agent’s commission is 4%, that’s about $8000 in profit. less uncle sam and the governator’s taxation, we’re looking at $5000. ”Damn OCrenter u were $7,000 off. Good job
July 19, 2006 at 4:31 PM #28890EJParticipantDont foget holding costs for 4-6 months, another $8-12k.
July 19, 2006 at 10:05 PM #28921waiting hawkParticipantGood point EG that cost puts it way into the red.
July 19, 2006 at 11:11 PM #28931SD RealtorParticipantSad to see… however I cannot find sympathy. The house sat on the market for 160 days at 484k – 529k and then cancelled. Yes the buyers got it at 465k in a private sale. I would maintain they could have gotten less. I would also question how much analysis they did on solds of 3/2 1156 square foot homes in that mapcode.
July 21, 2006 at 10:18 PM #29228ocrenterParticipantthe flipper range priced it for $565,000 to $598,000. yet when it came to describing the single offer they had, she said the $565,000 offer was a “low ball”. looks like sellers are still aiming for the top figure on the range despite the falling market or their own dire situation.
August 27, 2006 at 10:14 PM #33601lindismithParticipantUpdate: They lowered their price, and got an offer. Looks like they took a 50K loss.
August 28, 2006 at 12:24 AM #33630theplayersParticipantI’m seeing a growing number of homes falling out of escrow and going back on market. Hope the buyer is solid, if the sale fell through and they had to put it on the market again, I think they’d be looking at an even bigger loss. If it was me, I don’t think I’d sleep too well, until the day it closes.
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