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Old 07-15-2012, 4:43pm   #41
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Assessed value has little to do with actual value. It's used solely to calculate ad valorem taxes...but usually assessed value is much lower than actual value.
So it's worth even more than the $89,900 they are asking.
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Old 07-15-2012, 4:47pm   #42
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So it's worth even more than the $89,900 they are asking.
You won't know the answer to that until the house is inspected and appraised. Assessed value is a very rough approximation of actual value. Example: Often you will see two houses, side by side and with no apparent differences between them, and one will be assessed $50K more than the other one.
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Old 07-15-2012, 4:50pm   #43
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You won't know the answer to that until the house is inspected and appraised. Assessed value is a very rough approximation of actual value. Example: Often you will see two houses, side by side and with no apparent differences between them, and one will be assessed $50K more than the other one.
I'm interested in why it's been on the market so long and dropped so much.
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Old 07-15-2012, 5:09pm   #44
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I'm interested in why it's been on the market so long and dropped so much.
That is a very worrisome question. If you are very, very lucky it may be because the house didn't appeal to other folks. I don't want to rain on your parade, but the odds are that the house is worth only what it's listed for...or less. Time to get an inspection and an appraisal. You can defer the appraisal until you've signed a contract to purchase; just make sure the contract requires that the house appraise for the selling price or it's a no-go.
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Old 07-15-2012, 5:15pm   #45
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That is a very worrisome question. If you are very, very lucky it may be because the house didn't appeal to other folks. I don't want to rain on your parade, but the odds are that the house is worth only what it's listed for...or less. Time to get an inspection and an appraisal. You can defer the appraisal until you've signed a contract to purchase; just make sure the contract requires that the house appraise for the selling price or it's a no-go.
Definitely inspected and appraised before i sign anything.
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Old 07-15-2012, 5:15pm   #46
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It has been listed since Jan 2011. It was $149,900 then and now it's $89,900.
How much for the whole house, not just one bedroom?
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Old 07-15-2012, 5:16pm   #47
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How much for the whole house, not just one bedroom?


Said the guy from Orange County, CA.
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Old 07-15-2012, 5:17pm   #48
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How much for the whole house, not just one bedroom?
Oooooh! You want to bundle it, eh? I can save you big bucks that way!
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Old 07-15-2012, 5:33pm   #49
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How much for the whole house, not just one bedroom?
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Old 07-15-2012, 5:40pm   #50
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That house was built in 1955, so it's 57 years old now. My own house is now over 50, and insurance company chose not to continue insuring such an old house without an inspection (which it seems, it was pre-determined to fail). Building codes were much looser back then, and there are some legitimate concerns with that.
Lead paint and asbestos.
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Old 07-15-2012, 5:47pm   #51
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Lead paint and asbestos.
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Old 07-15-2012, 5:50pm   #52
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Lead paint and asbestos.
Two of the things that make this a great country.
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Old 07-16-2012, 3:58pm   #53
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Someone else already put an offer on it.
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Old 07-16-2012, 7:21pm   #54
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Lead paint and asbestos.
Both of which are bullshit.....not an issue, UNLESS some weenie and the .gov get involved, then it's worth NOTHING,.....

friggin' EPA, needs killing off cold....
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Old 07-16-2012, 7:29pm   #55
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There is a house on either side and across the street.
My folks house was a good 1/8 mile from the neighbors....think anyone going to hear anything when it happens?? even if much less, still several hundred yards....NO is the answer.....home alarm?? out in the sticks, yeh, right...good assed freeking LUCK.....

cops be there in a hour, if ever....

but I have to admit, there is a station house down the street and around the block now, and a gas station even yet....some 1/2 century later.....

but the public housing section 8 project was right next door, another story another thread/time.....tell me about 'country living'....not likely....

I dunno how in hell anyone can tell where and IF some land is available to the .gov to put in section 8 housing , but THAT information is very critical to buying ANY property....
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Old 07-16-2012, 7:35pm   #56
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Someone else already put an offer on it.
Don't let that discourage you at all. Get an inspection, make your own offer (maybe $500 above the previous offer or, if you're daring, even lower than the other offer), and wait. The other offer may not be able to get financing, lose interest, find another house, etc. Happens all the time.
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Old 07-16-2012, 7:40pm   #57
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Definitely inspected and appraised before i sign anything.
That's not your choice...unless you are paying cash.
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Old 07-16-2012, 7:44pm   #58
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Both of which are bullshit.....not an issue, UNLESS some weenie and the .gov get involved, then it's worth NOTHING,.....

friggin' EPA, needs killing off cold....
This is true, if it has lead paint, sand it down, collect the dust, and mix it in with baby food, the kid will grow up totally normal. While you are at it, make a respirator out of asbestos, you totally won't get cancer.
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Old 07-16-2012, 7:52pm   #59
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This is true, if it has lead paint, sand it down, collect the dust, and mix it in with baby food, the kid will grow up totally normal. While you are at it, make a respirator out of asbestos, you totally won't get cancer.
Yeh, so I get the joke, woopie doo, smartass, still nothing rong with either being used for what intended....

having said that, I prefer a house built from say mid 60's on to maybe later 70's....and be masonry, not frame.....

unless maybe frame over a basement...maybe, ...gotta look at lay of the land for that one....
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Old 07-16-2012, 8:06pm   #60
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Seriously?

Fat bald guy in a vette real estate?

That can't be real.
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