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03-14-2013, 10:28 AM | Topic Starter |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
Casino cash: $9030572
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Real Estate pricing in your area?
Have you guys seen a drop in housing prices, or have you seen some recovery in your area? I tell you what, my wife and I have been looking and there aren't many low priced houses in our area. We are looking to go rural, about 30 minutes from a major city, looking for 5-10 acres. Most everything is selling for $199,000 up to 250,000 all day. Even bank properties are selling for $180,000. I was suprised to see properties with mediocre houses selling for that high of prices in the area I am.
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03-14-2013, 10:33 AM | #2 |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $419901
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Asking price and selling price are different, especially if it's bank-owned. My nephew found a foreclosure and offered them 20% below their asking price (which had been lowered twice before). They said no at first, but called back a week later and said they'd take the offer.
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03-14-2013, 11:04 AM | #3 | |
Don't tread on me.
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03-15-2013, 01:20 PM | #4 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Quote:
This. If bank owned, squeeze the crap out of them. They want it off their books...
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03-14-2013, 10:35 AM | #5 | ||
Mindful Taoist German
Join Date: Aug 2000
Casino cash: $7481662
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I've been here a year.
We're in a small town and the realtors when we were looking paid tickets to ride Mr. Rodger's trolly and tried to sell us like there was a prince living next door and housing values were in imagination-land. Once the loan was approved we asked them to drop 40k and they gave up 30k. Immediately. It's a pretty simple negotiation: if they know you need it they bend you over. If you don't and qualify for much higher than the list price they bend over and tickle your balls to sell...
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03-14-2013, 11:05 AM | #6 | |
Don't tread on me.
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03-14-2013, 11:25 AM | #7 |
Veteran
Join Date: Apr 2005
Location: St. Louis :(
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I'm not sure about actual value, but the county-appraised value of my house has been uncharacteristically volatile over the past couple of years. From 2007-2011, it decreased modestly pretty much every year (1%-3%).
Then last year (when I thought the market was actually IMPROVING) it dropped like 6%. Slightly disconcerting, but I wasn't going to argue. This year, when I feel like the market has been pretty flat, it has gone right back up 6%+. Doesn't make any sense. |
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03-14-2013, 11:31 AM | #8 | |
Hey Loochy, I'm hooome!
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03-14-2013, 11:37 AM | #9 |
Don't tread on me.
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03-14-2013, 11:35 AM | #10 |
The Maintenance Guy
Join Date: Sep 2005
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Don't know about acreages or rural areas, but in Omaha if you don't want to live in a ghetto you're looking at $140k+ for a decent house.
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03-14-2013, 11:37 AM | #11 |
Don't tread on me.
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03-14-2013, 11:41 AM | #12 |
The Maintenance Guy
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03-14-2013, 11:37 AM | #13 |
The Maintenance Guy
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Tax valuations aren't an accurate gauge of property value.
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03-14-2013, 01:35 PM | #14 | |
Regular
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Quote:
Information last updated on 03/13/2013 11:51 PM: •Price: $129,900 •4 Bedroom(s) •2.5 Bathroom(s) •Single-Family Home •Fireplace .•Status: For Sale •Lot Size: 21.7 acres •Built in 1969 .
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03-14-2013, 02:31 PM | #15 | |
MVP
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