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recordsclerk
ParticipantThe neighbor just lowered their price. I would rather have this house for low 800s:
http://www.sdlookup.com/MLS-110034294-13382_Greenstone_Ct_San_Diego_CA_92131
I think if you can afford something in the low to mid 900s, you can find a better location. Possibly a view lot with pool from a different builder.
ParticipantJust adding what has already been listed. Looks like they did new windows throughout and slider or french doors next to kitchen. Probably did a new front door too. One bath got new tile surround and fixtures for bathtub. I think UCGal has a good estimate at about 30-50K.
I also agree that I would not like to pay 100K more for that amount of work. I don’t think the house would have sold for that low if it had a full kitchen.ParticipantJust adding what has already been listed. Looks like they did new windows throughout and slider or french doors next to kitchen. Probably did a new front door too. One bath got new tile surround and fixtures for bathtub. I think UCGal has a good estimate at about 30-50K.
I also agree that I would not like to pay 100K more for that amount of work. I don’t think the house would have sold for that low if it had a full kitchen.ParticipantJust adding what has already been listed. Looks like they did new windows throughout and slider or french doors next to kitchen. Probably did a new front door too. One bath got new tile surround and fixtures for bathtub. I think UCGal has a good estimate at about 30-50K.
I also agree that I would not like to pay 100K more for that amount of work. I don’t think the house would have sold for that low if it had a full kitchen.ParticipantJust adding what has already been listed. Looks like they did new windows throughout and slider or french doors next to kitchen. Probably did a new front door too. One bath got new tile surround and fixtures for bathtub. I think UCGal has a good estimate at about 30-50K.
I also agree that I would not like to pay 100K more for that amount of work. I don’t think the house would have sold for that low if it had a full kitchen.ParticipantJust adding what has already been listed. Looks like they did new windows throughout and slider or french doors next to kitchen. Probably did a new front door too. One bath got new tile surround and fixtures for bathtub. I think UCGal has a good estimate at about 30-50K.
I also agree that I would not like to pay 100K more for that amount of work. I don’t think the house would have sold for that low if it had a full kitchen.ParticipantFlipper homes are easier to buy because they are over priced (IMHO). You won’t have a lot of competition for that product. You may still see some well priced flips, but that is not the standard. So, basically if you are qualified to buy at the list price, you should be able to put in an offer and obtain the property.
I feel the same way about New Construction. If you qualify and are willing to the pay the price they’re asking, you should be able to close the deal.ParticipantFlipper homes are easier to buy because they are over priced (IMHO). You won’t have a lot of competition for that product. You may still see some well priced flips, but that is not the standard. So, basically if you are qualified to buy at the list price, you should be able to put in an offer and obtain the property.
I feel the same way about New Construction. If you qualify and are willing to the pay the price they’re asking, you should be able to close the deal.ParticipantFlipper homes are easier to buy because they are over priced (IMHO). You won’t have a lot of competition for that product. You may still see some well priced flips, but that is not the standard. So, basically if you are qualified to buy at the list price, you should be able to put in an offer and obtain the property.
I feel the same way about New Construction. If you qualify and are willing to the pay the price they’re asking, you should be able to close the deal.ParticipantFlipper homes are easier to buy because they are over priced (IMHO). You won’t have a lot of competition for that product. You may still see some well priced flips, but that is not the standard. So, basically if you are qualified to buy at the list price, you should be able to put in an offer and obtain the property.
I feel the same way about New Construction. If you qualify and are willing to the pay the price they’re asking, you should be able to close the deal.ParticipantFlipper homes are easier to buy because they are over priced (IMHO). You won’t have a lot of competition for that product. You may still see some well priced flips, but that is not the standard. So, basically if you are qualified to buy at the list price, you should be able to put in an offer and obtain the property.
I feel the same way about New Construction. If you qualify and are willing to the pay the price they’re asking, you should be able to close the deal.ParticipantThe method of payment should not matter, but the better deals are going to the conventional buyers or all cash buyer. Just like in this other thread the cash buyers are getting the better deals.
http://piggington.com/mira_mesa_dropping_real_fast
The banks are leaving money on the table because they are not inclined to fix the home or simply buy appliances to get the place sold. That property needed to be sold cash or to someone that can put money into an escrow account to complete the kitchen. The bank was too lazy or didn’t care enough to maximize their profits. This is where the flipper can come in cash and make money by doing what the bank refused to do.
A friend of mine recently bought a home from a traditional seller (not flipper). The house was listed for x-amount and had no offers after 30 days on the market. The seller did not want to take anything less than listed price. My friend had to offer list price + the mandatory VA amount that will be paid by seller for closing. The VA appraiser had no problem appraising the home + concession to match the offer. The other comps were either superior or sold for less. I personally think VA appraiser kick in the extra amount to make up for the concession. I’m not sure if the concessions are actually on the appraisal itself.
ParticipantThe method of payment should not matter, but the better deals are going to the conventional buyers or all cash buyer. Just like in this other thread the cash buyers are getting the better deals.
http://piggington.com/mira_mesa_dropping_real_fast
The banks are leaving money on the table because they are not inclined to fix the home or simply buy appliances to get the place sold. That property needed to be sold cash or to someone that can put money into an escrow account to complete the kitchen. The bank was too lazy or didn’t care enough to maximize their profits. This is where the flipper can come in cash and make money by doing what the bank refused to do.
A friend of mine recently bought a home from a traditional seller (not flipper). The house was listed for x-amount and had no offers after 30 days on the market. The seller did not want to take anything less than listed price. My friend had to offer list price + the mandatory VA amount that will be paid by seller for closing. The VA appraiser had no problem appraising the home + concession to match the offer. The other comps were either superior or sold for less. I personally think VA appraiser kick in the extra amount to make up for the concession. I’m not sure if the concessions are actually on the appraisal itself.
ParticipantThe method of payment should not matter, but the better deals are going to the conventional buyers or all cash buyer. Just like in this other thread the cash buyers are getting the better deals.
http://piggington.com/mira_mesa_dropping_real_fast
The banks are leaving money on the table because they are not inclined to fix the home or simply buy appliances to get the place sold. That property needed to be sold cash or to someone that can put money into an escrow account to complete the kitchen. The bank was too lazy or didn’t care enough to maximize their profits. This is where the flipper can come in cash and make money by doing what the bank refused to do.
A friend of mine recently bought a home from a traditional seller (not flipper). The house was listed for x-amount and had no offers after 30 days on the market. The seller did not want to take anything less than listed price. My friend had to offer list price + the mandatory VA amount that will be paid by seller for closing. The VA appraiser had no problem appraising the home + concession to match the offer. The other comps were either superior or sold for less. I personally think VA appraiser kick in the extra amount to make up for the concession. I’m not sure if the concessions are actually on the appraisal itself.
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