I've been looking at houses for a few months now, but haven't found one that seemed to be a good fit. I've looked at a few foreclosure homes as well with the prospect of fixing it up, living in it a couple of years, and then selling it, but all of the ones I've looked at seem to sell right away.
I looked at a townhouse last night, nothing special, but something that could work for a few years while I continue to build up to where I can afford something nicer. It lists for $78,900 and I was planning on putting an offer in today at 10% less than the listing price, but am curious as to what type of strategy my fellow Bunker members like to use when making an offer on a prospective house.
Update with a little, probably helpful, info: The townhouse is roughly 1200 Square Feet, 2 Bedroom, and 2 Bathrooms. The seller has recently put in new flooring (laminate, linoleum, and carpet), kitchen countertops, deep-well sink, disposal, faucet, has refinished the kitchen cabinets, added a deck, and storage/shelving in several places. He is retiring and moving back home in June, which is when our current lease ends, and has only handed out 31 total fliers to advertise the house. His daughter is going to make a Facebook post and he'll put a for sale sign up within a week, so not many know about this being available. I just happened to know someone that found out about it and knew we were looking. The houses on each side are rentals, with the one I am looking to buy being one of only 2 in the area that would be owned and not rented. The seller has lived here for 5 years, and the previous owner had it for roughly 15 years. Both have moved out due to retirement. Current rent is $625/month, but will go up to $675 after the lease ends if we decide to stay.
TIA, Boobs to follow
I looked at a townhouse last night, nothing special, but something that could work for a few years while I continue to build up to where I can afford something nicer. It lists for $78,900 and I was planning on putting an offer in today at 10% less than the listing price, but am curious as to what type of strategy my fellow Bunker members like to use when making an offer on a prospective house.
Update with a little, probably helpful, info: The townhouse is roughly 1200 Square Feet, 2 Bedroom, and 2 Bathrooms. The seller has recently put in new flooring (laminate, linoleum, and carpet), kitchen countertops, deep-well sink, disposal, faucet, has refinished the kitchen cabinets, added a deck, and storage/shelving in several places. He is retiring and moving back home in June, which is when our current lease ends, and has only handed out 31 total fliers to advertise the house. His daughter is going to make a Facebook post and he'll put a for sale sign up within a week, so not many know about this being available. I just happened to know someone that found out about it and knew we were looking. The houses on each side are rentals, with the one I am looking to buy being one of only 2 in the area that would be owned and not rented. The seller has lived here for 5 years, and the previous owner had it for roughly 15 years. Both have moved out due to retirement. Current rent is $625/month, but will go up to $675 after the lease ends if we decide to stay.
TIA, Boobs to follow
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