Forum Replies Created
-
AuthorPosts
-
Navydoc
ParticipantWell done SD, tell ’em like it is. My mother has been a Reator in PA for 25 years, and she never takes listings in a down market when the sellers are unreasonable. I spoke with her about it last week, and she has refused several listings in the past couple of weeks due to sellers not willing to price accordingly.
The funny thing is, when she looks at all the past down markets it’s amzing how many of those unreasonable sellers eventually come back to the Realtor that told them the truth in the first place, and she gets the re-list.
ParticipantWell done SD, tell ’em like it is. My mother has been a Reator in PA for 25 years, and she never takes listings in a down market when the sellers are unreasonable. I spoke with her about it last week, and she has refused several listings in the past couple of weeks due to sellers not willing to price accordingly.
The funny thing is, when she looks at all the past down markets it’s amzing how many of those unreasonable sellers eventually come back to the Realtor that told them the truth in the first place, and she gets the re-list.
ParticipantWell done SD, tell ’em like it is. My mother has been a Reator in PA for 25 years, and she never takes listings in a down market when the sellers are unreasonable. I spoke with her about it last week, and she has refused several listings in the past couple of weeks due to sellers not willing to price accordingly.
The funny thing is, when she looks at all the past down markets it’s amzing how many of those unreasonable sellers eventually come back to the Realtor that told them the truth in the first place, and she gets the re-list.
ParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
ParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
ParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
ParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
ParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
ParticipantYard is definitely big enough for the pool, but for 800 large I want somebody else to build it. Or I’ll offer 60K less for the house and then put it in myself.
ParticipantI first noticed this property a month or two ago, and I think it will be a nice barometer of what the market will do over the next couple of months/years. I find it very amusing that someone thought they could turn a quick 200-300K profit on this flip. The thing is, I kind of like this place, and I would consider buying it in the 800’s. I think it has a real chance to get there as a REO. What will be interesting to see is what else will be available in a similar price range if the value falls to that level. Personally I want a pool.
-
AuthorPosts
