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peterb
ParticipantActually CONCHO, this exact thing just happened to a close friend. He lives in an area that peaked in 2005 at about $1.2M per house. It has many people in it that are well over 65. The house directly accross the street just did almost exaclty what you said. The husband died last year, the wife no longer could stay in the property, so she sold. And guess what? She sold the house for $750K after 4 months on the market. She even put on a new roof to help sell it. They paid about $150K for the house in 1970, so she still did well, profit wise. But the point is, she had the equity to sell at the new low for the hood. My friends was bummed as he realized this scenario could happen many more times around his house and keep lowering the comps.
ParticipantActually CONCHO, this exact thing just happened to a close friend. He lives in an area that peaked in 2005 at about $1.2M per house. It has many people in it that are well over 65. The house directly accross the street just did almost exaclty what you said. The husband died last year, the wife no longer could stay in the property, so she sold. And guess what? She sold the house for $750K after 4 months on the market. She even put on a new roof to help sell it. They paid about $150K for the house in 1970, so she still did well, profit wise. But the point is, she had the equity to sell at the new low for the hood. My friends was bummed as he realized this scenario could happen many more times around his house and keep lowering the comps.
ParticipantActually CONCHO, this exact thing just happened to a close friend. He lives in an area that peaked in 2005 at about $1.2M per house. It has many people in it that are well over 65. The house directly accross the street just did almost exaclty what you said. The husband died last year, the wife no longer could stay in the property, so she sold. And guess what? She sold the house for $750K after 4 months on the market. She even put on a new roof to help sell it. They paid about $150K for the house in 1970, so she still did well, profit wise. But the point is, she had the equity to sell at the new low for the hood. My friends was bummed as he realized this scenario could happen many more times around his house and keep lowering the comps.
ParticipantNot sure how much prep work you’ve done. But if you’ve got the time, this is a quick read and well worth it. IMO. Recently written as well.
Robert Bruss gave it top marks as well.
ParticipantNot sure how much prep work you’ve done. But if you’ve got the time, this is a quick read and well worth it. IMO. Recently written as well.
Robert Bruss gave it top marks as well.
ParticipantNot sure how much prep work you’ve done. But if you’ve got the time, this is a quick read and well worth it. IMO. Recently written as well.
Robert Bruss gave it top marks as well.
ParticipantNot sure how much prep work you’ve done. But if you’ve got the time, this is a quick read and well worth it. IMO. Recently written as well.
Robert Bruss gave it top marks as well.
ParticipantNot sure how much prep work you’ve done. But if you’ve got the time, this is a quick read and well worth it. IMO. Recently written as well.
Robert Bruss gave it top marks as well.
ParticipantHow about a month or two prior to purchase ?
It’s an important subject and difficult to find good people in the business. There’s even some very good books on the subject.ParticipantHow about a month or two prior to purchase ?
It’s an important subject and difficult to find good people in the business. There’s even some very good books on the subject.ParticipantHow about a month or two prior to purchase ?
It’s an important subject and difficult to find good people in the business. There’s even some very good books on the subject.ParticipantHow about a month or two prior to purchase ?
It’s an important subject and difficult to find good people in the business. There’s even some very good books on the subject.ParticipantHow about a month or two prior to purchase ?
It’s an important subject and difficult to find good people in the business. There’s even some very good books on the subject.Participantduplicate
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