Oooooooh I'm soooo mad!!!!

[jenscats5]

***UPDATE***

doo, doo, doo, doo

OK, the agent just left & said that there were only 2 things she would suggest I do to the house.....1) fix the hole in the kitchen ceiling (that was a duh!) and 2) fix the crack in the front porch/fill it.......she said don't worry about the basement, that it wasn't really a factor.....however if we are really serious about doing this it may be worth renting a storage unit for whatever it costs -- maybe $30 for a small one -- and store some stuff......

She was saying I could maybe get $110,000 for the house which hurts a little as I bought it for $82k then redid the kitchen ($10k) + redid the whole house!! Drywall, a hot tub, deck, new appliances, etc....

SO, I'm going to see about getting pre approved then look around & see if it's even worth moving. It may not be worth it, cuz we may not be able to afford what we want......plus I'm not looking forward to the renovation process all over again.....ugh

 

[velvett]

***UPDATE***


She was saying I could maybe get $110,000 for the house which hurts a little as I bought it for $82k then redid the kitchen ($10k) + redid the whole house!! Drywall, a hot tub, deck, new appliances, etc....

SO, I'm going to see about getting pre approved then look around & see if it's even worth moving. It may not be worth it, cuz we may not be able to afford what we want......plus I'm not looking forward to the renovation process all over again.....ugh

Did she give you a stack of papers showing sold houses, in contract and on the market houses?

 

[jenscats5]

Did she give you a stack of papers showing sold houses, in contract and on the market houses?

Actually, it was bound like a booklet.......

What's weird tho is that in this area all the houses are different.....this is an inner city type area -- what was considered "Little Poland." Near here is "Little Italy." However where I am, there is a mix of older Polish people, young people, blacks, hispanics, middle aged, etc etc etc...

It's very diverse & each house can be completely different.....one up the street sold for $150k, another for $80k......another one up the street is for sale for $209k......

I'm still kinda PO'd cuz I think I've put $30k into this place and I won't get any of it out......sighhhhhhhhh......

 

[velvett]

Actually, it was bound like a booklet.......

What's weird tho is that in this area all the houses are different.....this is an inner city type area -- what was considered "Little Poland." Near here is "Little Italy." However where I am, there is a mix of older Polish people, young people, blacks, hispanics, middle aged, etc etc etc...

It's very diverse & each house can be completely different.....one up the street sold for $150k, another for $80k......another one up the street is for sale for $209k......

I'm still kinda PO'd cuz I think I've put $30k into this place and I won't get any of it out......sighhhhhhhhh......

Yah, that can be a nightmare.

Realtors are all different in how they give you a price - some will give you a right on price at which your house will sell in the least amount of time while others will you the most your house will sell for at an unlimited amount of time. The worst will tell you give you an inflated amount thinking they'll get the listing that way and then ask you to drop the price every month or two until it sells or the listing expires.

 

[jenscats5]

Yah, that can be a nightmare.

Realtors are all different in how they give you a price - some will give you a right on price at which your house will sell in the least amount of time while others will you the most your house will sell for at an unlimited amount of time. The worst will tell you give you an inflated amount thinking they'll get the listing that way and then ask you to drop the price every month or two until it sells or the listing expires.

Yikes!! So I need to look at different realty companies to get different opinions??

 

[velvett]

Yikes!! So I need to look at different realty companies to get different opinions??

Oh no.

Just read over the paper work she gave you and take a look at those houses that sold or in contract. Compare them and try and see how and why those values were given to them. See how long they took to see and if there were any price changes.

Then look at the one's that are for sale and check out your competition.

 

[jenscats5]

Thanks for your help V!! You're so helpful!!

Well, I know nothing about real estate or the market....but IMO, the comparable properties are in more of a, ahem, the 'hood.' They are closer to the "area" which is more of a "not so nice" area......the benefit I see for my house is that 1) there is only 1 neighbor on a side, 2) no other houses behind us (it's a church & that's not going anywhere) and 3) comparing to what's for sale or under contract, mine just looks nicer and is "newer" inside....

Another ? for ya -- does every little blasted thing need to be done to a house?? IE -- my bathtub was reglazed but it's now peeling off.....fixing/replacing will cost about $1,000 and I'm not really willing to put any more $$$ into the house -- just put on a deck and I have to repaint the kitchen.....opinions?

 

[velvett]

Thanks for your help V!! You're so helpful!!

Well, I know nothing about real estate or the market....but IMO, the comparable properties are in more of a, ahem, the 'hood.' They are closer to the "area" which is more of a "not so nice" area......the benefit I see for my house is that 1) there is only 1 neighbor on a side, 2) no other houses behind us (it's a church & that's not going anywhere) and 3) comparing to what's for sale or under contract, mine just looks nicer and is "newer" inside....

Another ? for ya -- does every little blasted thing need to be done to a house?? IE -- my bathtub was reglazed but it's now peeling off.....fixing/replacing will cost about $1,000 and I'm not really willing to put any more $$$ into the house -- just put on a deck and I have to repaint the kitchen.....opinions?

Well you have to first come to a price that you can stomach and is still realistic in the market without being too high that other realtors will just show your house to sell others.

Once you have the price you can decide what you are willing to and not willing to do to prep the house - some things will have to be done others you can skirt and make it known that you have set the price of the house to relfect the work done to the house as well as the work that may need to be done.

You will have to share exactly how you feel to your realtor and see what she has to say.

Good Luck!


Hope to hear you drooling over new properties.

 

[gypsy]

Hey Jen - seeing as how I'm from the same state you are - I can tell your in what's referred to as "brown town" right? I know what you mean, it was always a good area, but as the old people die off, the trash is moving in unfortunately. I just had the same exact situation in my development. I had bought there and it was a great neighborhood. My ex and I split up and I literally moved around the corner with my new man - but luckily we only rented. It went wwwaaaayyy down hill and we got the hell out. I'd definitely suggest you look in the Newark area - that's where I am now and I absolutely love it. No trash, just some college kids.

 

[velvett]

^update?!