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Mrs-Beans
LIF Adolescent
Member since 7/06 812 total posts
Name:
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If a house is on the market forever...
and the price has dropped close to 75k, do you think it is worth a look or that something major is wrong with it??
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Posted 4/30/07 1:54 PM  |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: If a house is on the market forever...
I think anything is worth looking at. You never know what the situation is!
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| Posted 4/30/07 1:55 PM |
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chikita315
Love
Member since 8/06 7945 total posts
Name:
M-lo
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Re: If a house is on the market forever...
I would totally look at it!! You never know!
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| Posted 4/30/07 2:02 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: If a house is on the market forever...
yea, totally look at it, what do you have to loose
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| Posted 4/30/07 2:15 PM |
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Marcie
Complete Happiness :)
Member since 5/05 27789 total posts
Name:
LOVE being a Mommy!
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Re: If a house is on the market forever...
That is how we got our house.
Not that it went down that much.
But we had driven past it many times, and then the price kept being dropped and we waited and then after it dropped a decent amount - we actually went it to look at it.
It was in great shape and we didn't really have to do anything when we moved in.
It ended up being the lady was living her on her own, while he husband lived in Florida - she was just waiting to sell the house before she moved.
She got tired of waiting.
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| Posted 4/30/07 2:17 PM |
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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Re: If a house is on the market forever...
you've got nothing to lose and everything to gain. Kudos to the seller for realizing that a price drop might be in order -- I looked at one house that has now been on the market for a year. the price hasn't dropped once!
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| Posted 4/30/07 2:20 PM |
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jes81276
summer fun!
Member since 3/06 4962 total posts
Name:
Jaime
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Re: If a house is on the market forever...
We just put a bid on a house that was reduced $75 thousand and has been on the market since July. Obviously the owner has to come down in price if they want to sell in this market. I would definitely not pass it up - if we get this house it will be a house that technically is out of our price range but we can now afford bc of the market.
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| Posted 4/30/07 4:25 PM |
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Re: If a house is on the market forever...
Definitely worth taking a look at. Our house went up in July for $115K more than we paid. Different circumstances may cause sellers to lower their prices considerably.
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| Posted 4/30/07 4:29 PM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: If a house is on the market forever...
Def. take a look. The seller may just be eager to sell it and lowered the price for that reason.
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| Posted 4/30/07 4:34 PM |
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LuvMyBoys
LIF Adult
Member since 4/07 927 total posts
Name:
MOMMY
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Re: If a house is on the market forever...
I would say take a look, it can't hurt.
You never know the seller might have had an unrealistic idea of what the house was worht when they put it ont he market, but with time they realized that it was overpriced.
Good luck!
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| Posted 4/30/07 4:43 PM |
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hbugal
Lesigh
Member since 2/07 15928 total posts
Name:
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Re: If a house is on the market forever...
I would go take a look at it...maybe it was over valued going in. If you decided to purchase it just make sure to for the inspection.
My house was originally listed at 459K then the price dropped down to 420K..I wound up getting the house for 368K...WHY? b/c the house was way over assessed...I had grieved my taxes before and wasnt scared of the process..I also knew that the sale price would fix it.
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| Posted 4/30/07 6:41 PM |
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NJmom
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Member since 8/05 4987 total posts
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Re: If a house is on the market forever...
it doesn't hurt to look.
a lot of people overprice their homes and i think it ends up hurting them in the long run when they have to lower the price. by that time it's already "old" and isn't getting as much interest and when people see it sitting for a long time, like you, they tend to think there must be something wrong with it. i think if a house is priced right it will sell quickly.
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| Posted 4/30/07 7:11 PM |
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HoneyBadger
YourWorstNightmare.
Member since 10/06 15979 total posts
Name:
BahBahBlackJeep
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Re: If a house is on the market forever...
As everyone else has said, go for it! You've got nothing to lose.
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| Posted 4/30/07 7:33 PM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: If a house is on the market forever...
I would look. The market really stunk last Summer/Fall and most of the winter. It's still slow now compared to past years, though busier. So being on the market a long time doesn't necessarily mean it's a dump these days.
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| Posted 4/30/07 8:17 PM |
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nickipa
love my boys!
Member since 4/06 5648 total posts
Name:
Nicki
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Re: If a house is on the market forever...
i agree, it can't hurt, you just never know!
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| Posted 4/30/07 11:06 PM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: If a house is on the market forever...
go with an open mind, it could be a great deal just waiting for you!
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| Posted 5/1/07 6:59 AM |
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july06bride
I'm a mom!
Member since 5/05 3966 total posts
Name:
Nicole
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Re: If a house is on the market forever...
the house we bought was for sale for a good amount of time and it was empty...they were an elderly couple who could no longer take care of a home by themselves and they moved in with their (very wealthy-so they didn't NEED to sell it quickly) children. The daughter of the eldery couple owned the house-they dropped the price-no one was living there- we went to see it- it was a newer home in a great area- 6 years old-, nothing major needed to be done, just cosmetic stuff like, redoing the hardwood floors and painting.
HOWEVER, "the problem" was the that it was on a little over an acre of property, but some of it can't be used because it is considered a wildlife reservation, there were a lot of woods-
we do have a yard and have a nice front and side yard as well...but the back is slanty...This was not a problem for us, since we don't have children and by the time we do have children, we will be in a bigger home....and we figured it was less to take care of...
The area is very family oriented so people with a family might not have liked the idea of a small backyard.
I would go see it, what might be "wrong" to other people, might not be a problem for you.
Message edited 5/1/2007 10:25:47 AM.
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| Posted 5/1/07 10:21 AM |
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