North park flips… relatistic prices?

[savingforahouse]

Hi Piggs

Been looking at properties in North park and have been rather disapointed in the quality of houses between 550 and 650 price range.

For example over the last 3 days a couple of new flips have been posted for sale in the 600K range. On Texas, Fir and 29th. While all these flips have the requisite neutral paint, new lawns, and not much else (including location), these flippers are looking to make upwards of a 150K per house. It seems to my rather tired, and frustrated mind that these prices are way to high!

What do the piggies think… should I dive in, or wait and see. It doesnt look like the price range is gonna get any real, high quality (if old) properties in this price range, or it.

thoughts
still waiting and saving for a house

[jpinpb]

OMG – Thank you! For a minute there I thought I was the only one thinking this. It’s being discussed on Wild pricing thread.

FWIW, I share your sentiments and frustration.

[jpinpb]

OMG – Thank you! For a minute there I thought I was the only one thinking this. It’s being discussed on Wild pricing thread.

FWIW, I share your sentiments and frustration.

[jpinpb]

OMG – Thank you! For a minute there I thought I was the only one thinking this. It’s being discussed on Wild pricing thread.

FWIW, I share your sentiments and frustration.

[jpinpb]

OMG – Thank you! For a minute there I thought I was the only one thinking this. It’s being discussed on Wild pricing thread.

FWIW, I share your sentiments and frustration.

[jpinpb]

OMG – Thank you! For a minute there I thought I was the only one thinking this. It’s being discussed on Wild pricing thread.

FWIW, I share your sentiments and frustration.

[sdrealtor]

I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.

[sdrealtor]

I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.

[sdrealtor]

I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.

[sdrealtor]

I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.

[sdrealtor]

I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.

[CA renter]

[quote=sdrealtor]I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.[/quote]

The price the house sold for before the flippers sucked up the inventory is the “fair market value” as far as I’m concerned. Putting in $20K worth of “improvements” and asking for $150K more than the purchase price a few months before is highly offensive to intelligent buyers who are perfectly capable of making their own improvements (that will be of the style and quality desired by the real buyer).

How these things ever appraise is beyond me. We’re right back to all the games that caused the “crisis” in the first place.

[CA renter]

[quote=sdrealtor]I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.[/quote]

The price the house sold for before the flippers sucked up the inventory is the “fair market value” as far as I’m concerned. Putting in $20K worth of “improvements” and asking for $150K more than the purchase price a few months before is highly offensive to intelligent buyers who are perfectly capable of making their own improvements (that will be of the style and quality desired by the real buyer).

How these things ever appraise is beyond me. We’re right back to all the games that caused the “crisis” in the first place.

[CA renter]

[quote=sdrealtor]I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.[/quote]

The price the house sold for before the flippers sucked up the inventory is the “fair market value” as far as I’m concerned. Putting in $20K worth of “improvements” and asking for $150K more than the purchase price a few months before is highly offensive to intelligent buyers who are perfectly capable of making their own improvements (that will be of the style and quality desired by the real buyer).

How these things ever appraise is beyond me. We’re right back to all the games that caused the “crisis” in the first place.

[CA renter]

[quote=sdrealtor]I havent looked at the houses and they may well be overpriced. I wouldnt focus on what the flippers are making because sometimes people get a good deal by doing things others cant or wont do. Worse yet it will make you crazy and is just plain un productive. The more important thing to focus on is the asking price relative to current fair market value. Wait for the right house and the right price (i.e. a good or at least fair deal in the current market whenever you chose to jump in). Be patient and you will be rewarded.[/quote]

The price the house sold for before the flippers sucked up the inventory is the “fair market value” as far as I’m concerned. Putting in $20K worth of “improvements” and asking for $150K more than the purchase price a few months before is highly offensive to intelligent buyers who are perfectly capable of making their own improvements (that will be of the style and quality desired by the real buyer).

How these things ever appraise is beyond me. We’re right back to all the games that caused the “crisis” in the first place.

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