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Navydoc
ParticipantJWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.
I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.
I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)
Navydoc
ParticipantJWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.
I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.
I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)
Navydoc
ParticipantJWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.
I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.
I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)
Navydoc
ParticipantElaborate on the condition of the house?
The landscape is terribly neglected and overgrown, the house is dirty, the windows havn’t been cleaned in this apparently very dust area. I didn’t go inside, but if the condition inside is anything like the outside we might have a canditate for the “Worst Pictures in MLS Contest” thread.
They’re asking 3/4 mil for this place. It should look halfway decent in my opinion.
As far as vacancy causing wear, if the furnace or AC hasn’t been started recently seals can become dry and decompose, dirt accumulates in toilet bowls and water lines. Although this area is quite dry, condensation and mold can accumulate. Ever go into a house that has been vacant for a while? There is a characteristic odor that can take months to dissipate. I’m sure these problems are far worse in PA where I used to sell, with the terrible winters and all, but ask any realtor on this forum, I’m sure they will confirm what I’m talking about.
Obviously if humans are bent on destruction they can do far more damage, but vacancy makes a house look much worse than if it were occupied.
Navydoc
ParticipantElaborate on the condition of the house?
The landscape is terribly neglected and overgrown, the house is dirty, the windows havn’t been cleaned in this apparently very dust area. I didn’t go inside, but if the condition inside is anything like the outside we might have a canditate for the “Worst Pictures in MLS Contest” thread.
They’re asking 3/4 mil for this place. It should look halfway decent in my opinion.
As far as vacancy causing wear, if the furnace or AC hasn’t been started recently seals can become dry and decompose, dirt accumulates in toilet bowls and water lines. Although this area is quite dry, condensation and mold can accumulate. Ever go into a house that has been vacant for a while? There is a characteristic odor that can take months to dissipate. I’m sure these problems are far worse in PA where I used to sell, with the terrible winters and all, but ask any realtor on this forum, I’m sure they will confirm what I’m talking about.
Obviously if humans are bent on destruction they can do far more damage, but vacancy makes a house look much worse than if it were occupied.
Navydoc
ParticipantElaborate on the condition of the house?
The landscape is terribly neglected and overgrown, the house is dirty, the windows havn’t been cleaned in this apparently very dust area. I didn’t go inside, but if the condition inside is anything like the outside we might have a canditate for the “Worst Pictures in MLS Contest” thread.
They’re asking 3/4 mil for this place. It should look halfway decent in my opinion.
As far as vacancy causing wear, if the furnace or AC hasn’t been started recently seals can become dry and decompose, dirt accumulates in toilet bowls and water lines. Although this area is quite dry, condensation and mold can accumulate. Ever go into a house that has been vacant for a while? There is a characteristic odor that can take months to dissipate. I’m sure these problems are far worse in PA where I used to sell, with the terrible winters and all, but ask any realtor on this forum, I’m sure they will confirm what I’m talking about.
Obviously if humans are bent on destruction they can do far more damage, but vacancy makes a house look much worse than if it were occupied.
Navydoc
ParticipantElaborate on the condition of the house?
The landscape is terribly neglected and overgrown, the house is dirty, the windows havn’t been cleaned in this apparently very dust area. I didn’t go inside, but if the condition inside is anything like the outside we might have a canditate for the “Worst Pictures in MLS Contest” thread.
They’re asking 3/4 mil for this place. It should look halfway decent in my opinion.
As far as vacancy causing wear, if the furnace or AC hasn’t been started recently seals can become dry and decompose, dirt accumulates in toilet bowls and water lines. Although this area is quite dry, condensation and mold can accumulate. Ever go into a house that has been vacant for a while? There is a characteristic odor that can take months to dissipate. I’m sure these problems are far worse in PA where I used to sell, with the terrible winters and all, but ask any realtor on this forum, I’m sure they will confirm what I’m talking about.
Obviously if humans are bent on destruction they can do far more damage, but vacancy makes a house look much worse than if it were occupied.
Navydoc
ParticipantElaborate on the condition of the house?
The landscape is terribly neglected and overgrown, the house is dirty, the windows havn’t been cleaned in this apparently very dust area. I didn’t go inside, but if the condition inside is anything like the outside we might have a canditate for the “Worst Pictures in MLS Contest” thread.
They’re asking 3/4 mil for this place. It should look halfway decent in my opinion.
As far as vacancy causing wear, if the furnace or AC hasn’t been started recently seals can become dry and decompose, dirt accumulates in toilet bowls and water lines. Although this area is quite dry, condensation and mold can accumulate. Ever go into a house that has been vacant for a while? There is a characteristic odor that can take months to dissipate. I’m sure these problems are far worse in PA where I used to sell, with the terrible winters and all, but ask any realtor on this forum, I’m sure they will confirm what I’m talking about.
Obviously if humans are bent on destruction they can do far more damage, but vacancy makes a house look much worse than if it were occupied.
Navydoc
ParticipantI drove past this place this past weekend as well, turns out it’s just around the corner from my wife’s cousin. You would not believe how crappy this place looks in person. I know there is furniture and belongings in the photos, but I don’t think anyone is living there now. The longer it sits the more it’s going to drag 4S down.
I remember from my real estate days how vacancy can produce undue wear on a house; far more than if people were actually living there. I think this place is a clear demonstration of that phenomenon.
Navydoc
ParticipantI drove past this place this past weekend as well, turns out it’s just around the corner from my wife’s cousin. You would not believe how crappy this place looks in person. I know there is furniture and belongings in the photos, but I don’t think anyone is living there now. The longer it sits the more it’s going to drag 4S down.
I remember from my real estate days how vacancy can produce undue wear on a house; far more than if people were actually living there. I think this place is a clear demonstration of that phenomenon.
Navydoc
ParticipantI drove past this place this past weekend as well, turns out it’s just around the corner from my wife’s cousin. You would not believe how crappy this place looks in person. I know there is furniture and belongings in the photos, but I don’t think anyone is living there now. The longer it sits the more it’s going to drag 4S down.
I remember from my real estate days how vacancy can produce undue wear on a house; far more than if people were actually living there. I think this place is a clear demonstration of that phenomenon.
Navydoc
ParticipantI drove past this place this past weekend as well, turns out it’s just around the corner from my wife’s cousin. You would not believe how crappy this place looks in person. I know there is furniture and belongings in the photos, but I don’t think anyone is living there now. The longer it sits the more it’s going to drag 4S down.
I remember from my real estate days how vacancy can produce undue wear on a house; far more than if people were actually living there. I think this place is a clear demonstration of that phenomenon.
Navydoc
ParticipantI drove past this place this past weekend as well, turns out it’s just around the corner from my wife’s cousin. You would not believe how crappy this place looks in person. I know there is furniture and belongings in the photos, but I don’t think anyone is living there now. The longer it sits the more it’s going to drag 4S down.
I remember from my real estate days how vacancy can produce undue wear on a house; far more than if people were actually living there. I think this place is a clear demonstration of that phenomenon.
Navydoc
ParticipantTouche’!
I actually drove by 13348 Shadetree court this past weekend. We were down in SD for a neice’s birthday party and we decided to check out Stonebridge Estates. The house looked vacant to me, but we didn’t look that closely. I noticed quite a few For Sale signs in the neighborhood, and I think that place could realistically see the 800-900’s range. There was a lot of new construction still available.
My wife and I are definitely interested in that area, but I’m a little worried about the commute if I end up at Balboa next year.
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