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Tab Menu 1
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View Poll Results: How Much Did Your House Cost?
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<$50,000
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3 |
4.76% |
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$50-75,000
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5 |
7.94% |
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$75-100,000
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8 |
12.70% |
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$100-150,000
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11 |
17.46% |
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$150-250,000
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12 |
19.05% |
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>$250,000
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19 |
30.16% |
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I don't own a home.
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5 |
7.94% |
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08-29-2007, 07:36 PM
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Hello AFF!
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Join Date: Feb 2007
Location: Amarillo, Tx.
Posts: 3,611
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$85,500 when we purchased it. The city has appraisal now is $100,000.
The insurance required us to insure for a $120,000.
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08-29-2007, 07:44 PM
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Registered Member
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Join Date: Jul 2007
Location: AZ
Posts: 16,746
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Quote:
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$85,500 when we purchased it. The city has appraisal now is $100,000.
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Then the state appraises it for 279,000 for property tax calculations purposes. 
Oh wait, thats just Wisconsin.
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08-29-2007, 08:06 PM
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Registered Member
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Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
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Quote:
Originally Posted by Blsdbeyondmsure
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That one looks good! Thanks!
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08-29-2007, 08:09 PM
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Christmas 2009
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Join Date: Feb 2007
Location: Jackson, TN
Posts: 9,788
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My house has been in the real estate market for over two months and NO ONE has come to look at it, other than when the agent did an open house and it drew some curious people, but no interested ones. The market here is really down. We are still just praying that if it's supposed to sell, it will. If not, no biggie; we'll just keep it and pray for a bunch of grandkids to fill it up someday!!
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08-29-2007, 08:14 PM
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Supercalifragilisticexpiali...
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Join Date: Feb 2007
Posts: 19,197
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Our 1904 home sits on a 2 acre lot with carriage house and a guest house (which I rent out). Combined they will appraise at over $250,000. The carrige house and guest house and could be sold separately from the larger home since they have been independent lots in the past. They would sell at about $40,000 each.
__________________
"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
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08-29-2007, 08:15 PM
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Registered Member
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Join Date: Feb 2007
Location: Ohio
Posts: 7,374
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Quote:
Originally Posted by Sherri
My house has been in the real estate market for over two months and NO ONE has come to look at it, other than when the agent did an open house and it drew some curious people, but no interested ones. The market here is really down. We are still just praying that if it's supposed to sell, it will. If not, no biggie; we'll just keep it and pray for a bunch of grandkids to fill it up someday!!
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Our neighbor had her house for sale for over a year and a half and dropped the price almost in half before it finally sold. Please understand tho, that she had it WAY overpriced to start with. When she told me what she was asking in the beginning, I told Walt that there was no way in the world she'd ever get even close to that.
I understand that it is definately a buyers market right now, Sherri. That's good news for those interested in buying. But not good news for you 
__________________
Be kinder than necessary because everyone you meet is fighting some kind of a battle ! ! ! !  |
08-29-2007, 08:19 PM
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Registered Member
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Join Date: Jul 2007
Location: AZ
Posts: 16,746
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Quote:
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Our neighbor had her house for sale for over a year and a half and dropped the price almost in half before it finally sold. Please understand tho, that she had it WAY overpriced to start with. When she told me what she was asking in the beginning, I told Walt that there was no way in the world she'd ever get even close to that.
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The dot.com era for home buying and selling has officially ended. While it will not crash and burn nearly to that degree (homes and land have intrinsic value versus worthless dot.com stocks), it IS a buyers market right now, even with the increased hurdles in getting a home loan. I am not sure who here watches all of the house "flipping" shows on A&E and TLC, but they are getting really interesting now!
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08-29-2007, 08:54 PM
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Registered Member
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Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
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Quote:
Originally Posted by RandyWayne
The dot.com era for home buying and selling has officially ended. While it will not crash and burn nearly to that degree (homes and land have intrinsic value versus worthless dot.com stocks), it IS a buyers market right now, even with the increased hurdles in getting a home loan. I am not sure who here watches all of the house "flipping" shows on A&E and TLC, but they are getting really interesting now!
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What is a house "flipping" show??
I always read what's for sale in the real estate market around here. I like to know.
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08-29-2007, 09:05 PM
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Supercalifragilisticexpiali...
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Join Date: Feb 2007
Posts: 19,197
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Quote:
Originally Posted by ILG
What is a house "flipping" show??
I always read what's for sale in the real estate market around here. I like to know.
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House flipping is buying a house and making fast changes in appearance via cosmetic face lifts, and selling quickly to turn a good profit. It's about getting the most bang for the buck on the repairs and presenting a turn-key offer to someone who would not have considered the purchase just weeks earlier.
Of course the shows will add other twists (I have only seen a few)
__________________
"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
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08-29-2007, 09:06 PM
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Registered Member
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Join Date: Jul 2007
Location: AZ
Posts: 16,746
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They are shows that focus on people buying older and worn down homes, spending a few tens of thousands on renovations, then often selling for a huge profit.
When home prices were rising rapidly, you could afford to make mistakes and STILL come out way ahead, but that has changed radically now.
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