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- This topic has 455 replies, 19 voices, and was last updated 14 years, 5 months ago by
ocrenter.
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June 10, 2011 at 4:03 PM #703626June 10, 2011 at 7:26 PM #702449
ocrenter
Participant[quote=briansd1][quote=ocrenter]
that sums up the bubble.
[/quote]I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.
Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.
[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]I’m trying. ;)[/quote]
In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.
June 10, 2011 at 7:26 PM #702548Participant[quote=briansd1][quote=ocrenter]
that sums up the bubble.
[/quote]I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.
Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.
[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]I’m trying. ;)[/quote]
In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.
June 10, 2011 at 7:26 PM #703140Participant[quote=briansd1][quote=ocrenter]
that sums up the bubble.
[/quote]I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.
Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.
[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]I’m trying. ;)[/quote]
In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.
June 10, 2011 at 7:26 PM #703289Participant[quote=briansd1][quote=ocrenter]
that sums up the bubble.
[/quote]I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.
Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.
[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]I’m trying. ;)[/quote]
In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.
June 10, 2011 at 7:26 PM #703646Participant[quote=briansd1][quote=ocrenter]
that sums up the bubble.
[/quote]I’d really took a bubble mentality to buy those houses in 2007 and then sink $100-200k into them for improvements.
Buyers today, are not only getting lower prices, but they are getting the pool, landscaping and improvements for “free”.
[quote=ocrenter]
now head out and take full advantage of the situation! =)[/quote]I’m trying. ;)[/quote]
In the case of Cobble Creek, the house was purchased for nearly $1.2 mil. $200k in improvements on these homes inside and out is doable, but only if the homeowner is quite savvy. If someone bought at the peak, most likely they went on to put another $300-400k inside and out. So basically possibly getting $600k in discount if you are the successful short sale buyer.
June 11, 2011 at 7:41 PM #702610kcal09
ParticipantThe way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.
June 11, 2011 at 7:41 PM #702709ParticipantThe way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.
June 11, 2011 at 7:41 PM #703300ParticipantThe way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.
June 11, 2011 at 7:41 PM #703448ParticipantThe way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.
June 11, 2011 at 7:41 PM #703806ParticipantThe way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.
June 12, 2011 at 12:03 PM #702720Participant[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]
Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.
June 12, 2011 at 12:03 PM #702818Participant[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]
Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.
June 12, 2011 at 12:03 PM #703410Participant[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]
Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.
June 12, 2011 at 12:03 PM #703557Participant[quote=kcal09]The way the market is going the prices will be down at least another 10% by the end 2012. If you are patient you will get even better deals next year.[/quote]
Depends on what you are refering to. The new home asking prices at the sales offices? Or the short sale asking price. You can’t get much better than the short sale prices, in fact those are actually a little unrealistic at this point. Definitely would not recommend any of the new home offerings at this point.
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