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Moooo 07-07-2006 08:59 PM

Quote:

Originally Posted by SLAG02
sorry I looked up the wrong house..

I looked up the one across the street... that is also for sale that we did not like

My Inital offer was 135k

I guess an extra bathroom is worth 10k?

Moooo

memyselfI 07-07-2006 09:01 PM

Quote:

Originally Posted by SLAG02
sorry I looked up the wrong house..

I looked up the one across the street... that is also for sale that we did not like

My Inital offer was 135k

Well then she's asking pretty much what the county says it's worth. I'd feel pretty comfortable paying that if the rest of the neighborhood is within the same price range given the same specs.

SLAG 07-07-2006 09:03 PM

the lady has kept the house in AMAZING shape..

she has lived there for 41 years.....
kinda crazy

Original Hardwood floors under the 70's Lime Green Shag Carpet...

view of a "Lake" from the front -(they call it one anyway)-

we really liked the house above anything else we have seen

Rain Man 07-07-2006 09:04 PM

For some reason, my house is assessed at a significantly lower price per square foot than the other houses on my block. I don't have an issue with that, though if I ever decide to sell it maybe I'll look into it.

memyselfI 07-07-2006 09:05 PM

Quote:

Originally Posted by SLAG02
the lady has kept the house in AMAZING shape..

she has lived there for 41 years.....
kinda crazy

Original Hardwood floors under the 70's Lime Green Shag Carpet...

view of a "Lake" from the front -(they call it one anyway)-

we really liked the house above anything else we have seen

Good shape, reasonable price, best you've seen...

I think you could drive yourself insane over a couple of grand. How much is your sanity worth?

memyselfI 07-07-2006 09:08 PM

Quote:

Originally Posted by Rain Man
For some reason, my house is assessed at a significantly lower price per square foot than the other houses on my block. I don't have an issue with that, though if I ever decide to sell it maybe I'll look into it.

Do you have a basement or 'family room' that is not considered 'living area above ground?'

We have a walkout basement that goes level to the backyard. On the back side it's half below ground level . That half saves us more than 15k compared to our neighbor with the same sized house.

SCTrojan 07-07-2006 09:10 PM

Quote:

Originally Posted by memyselfI
Good shape, reasonable price, best you've seen...

I think you could drive yourself insane over a couple of grand. How much is your sanity worth?

Amen.

Rain Man 07-07-2006 09:10 PM

Quote:

Originally Posted by memyselfI
Good shape, reasonable price, best you've seen...

I think you could drive yourself insane over a couple of grand. How much is your sanity worth?


Yep, yep, yep.

A house is an investment, but more importantly, a house is a home. If it feels right, a couple of thousand bucks shouldn't be a big issue.

Rain Man 07-07-2006 09:13 PM

Quote:

Originally Posted by memyselfI
Do you have a basement or 'family room' that is not considered 'living area above ground?'

We have a walkout basement that goes level to the backyard. On the back side it's half below ground level . That half saves us more than 15k compared to our neighbor with the same sized house.


We got a call from them several years back informing us that our house had mistakenly been classified as a "single-family home broken up into apartments" and they cranked up the taxes pretty good. I think the classification occurred because we've got a mother-in-law apartment in the basement, and I think they might still downgrade it as a "multifamily unit" for that reason - which is of course ludicrous because the apartment generates a nice income for us every year, and would probably be worth $50,000 if we were to redeed the house and sell it.

That's my theory, anyway. I have no facts to back it up.

memyselfI 07-07-2006 09:15 PM

Quote:

Originally Posted by Rain Man
We got a call from them several years back informing us that our house had mistakenly been classified as a "single-family home broken up into apartments" and they cranked up the taxes pretty good. I think the classification occurred because we've got a mother-in-law apartment in the basement, and I think they might still downgrade it as a "multifamily unit" for that reason - which is of course ludicrous because the apartment generates a nice income for us every year, and would probably be worth $50,000 if we were to redeed the house and sell it.

That's my theory, anyway. I have no facts to back it up.

Hey, if it's saving you tax money then I wouldn't complain. It sounds like you've got a win/win. :clap:

teedubya 07-07-2006 09:26 PM

Hey Slag, where did you get that Appraisal information? We are also in the market...

nice home, I think I will offer a couple grand more than you.

Halfcan 07-08-2006 12:02 AM

I think you should make your best offer the first time and don't come off your price. If they don't come down to what you want to pay, you move on to the next deal.

GoTrav 07-08-2006 12:10 AM

Quote:

Originally Posted by SLAG02
Code:

Description:            Single Family Res.
          Value:          $125,600
          Square Feet:          1,126 sq. ft.
          Year Built:          1961
                             
          Taxes & Values
          Year        Appraised Value        Assessed Value        Change In Appraised Value
          2006        $125,600                1.45%
          2005        $123,800        $14,237         
                                       
        Residential Record: 01
                                     
        Lot Information
        Lot        Square Feet
        1        10,584 sq. ft.
        2        0 sq. ft.
        3        0 sq. ft.
                                     
        Main Dwelling Information
        Land Use:          Single Family Res.        # Bedrooms:          3
        Style:          Split Level        # Family Rooms:          0
        Story Height:            1        Total Rooms:          6
        Upper Floor:          No        # Full Baths:          1
        Roof Material:          Asphalt Shingle        # Half Baths:          0
        Exterior Walls:          Wood Frame        Total Plumbing Fix:          5
        Foundation:          Concrete        Recreation Rm:          0
        Basement Type:          Part        Finished Basmt:          0
        Heat/Cool Sys:          Central/A.C.        Total SFLA:          1,126 sq. ft.
                            Note: SFLA = square feet of living area above ground.


Had not looked it up til now... her asking price was 143k

what site did you use to get this information? And isn't what you're judging the worth from also something the city uses to assess how much in taxes you have to pay? I'd say take it if you really do like it, accept her offer, a few grand isn't worth it losing it over.

I bought my first house in 2002, when the market was really hot, and I lost a few houses I really wanted trying to skim a few grand off the asking price.

007 07-08-2006 12:48 AM

Do what your gut tells ya Slag. Trust me on that.

greg63 07-08-2006 12:53 AM

You don't want home owbership tips from me; I got stuck in the real "Money Pit".


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