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Short Sale
#1957817
12/17/16 02:25 PM
12/17/16 02:25 PM
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Joined: Feb 2014
Posts: 1,007
Roll Tide Town
Smoke_Diver
OP
6 point
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OP
6 point
Joined: Feb 2014
Posts: 1,007
Roll Tide Town
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Looking at a house that's in short sale. It's listed at 125k. 1551 Sq ft 3/2. Built in 1978 and has had no major updates. House needs alot but could be nice. What should I offer or how much of a beating should I expect the "bank" to take. It's FHA.
-“No politicians, no salesman and very few friends allowed.”
-Jbatey1- "I'd rather be a happy Bammer eating ribeye in a trailer than a miserable barner eating boogers in a mansion."
-“If you gonna be stupid, you better be tough!”
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Re: Short Sale
[Re: Smoke_Diver]
#1958015
12/17/16 04:46 PM
12/17/16 04:46 PM
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Joined: Jan 2014
Posts: 10,414
Scottsboro, Al
jbatey1
Lucky Bastage
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Lucky Bastage
Joined: Jan 2014
Posts: 10,414
Scottsboro, Al
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Built in 1978, needs "alot", could be nice...I'd offer in the low 70's if it's in a desired area that you want to live.
The fool tells me his reasons; the wise man persuades me with my own.
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Re: Short Sale
[Re: Smoke_Diver]
#1958033
12/17/16 04:56 PM
12/17/16 04:56 PM
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Joined: Apr 2000
Posts: 12,245
Oxford, AL. USA
Big Game Hunter
Doesn’t Know His Code
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Doesn’t Know His Code
Joined: Apr 2000
Posts: 12,245
Oxford, AL. USA
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Primary residence?
Flip?
Investment?
$60-70 would be my starting point.
IKNOWMYPHUCKINGCODEDAMMITYOUDICKHEAD!!!
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Re: Short Sale
[Re: Smoke_Diver]
#1958064
12/17/16 05:13 PM
12/17/16 05:13 PM
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Joined: Jan 2014
Posts: 73
Blount County, AL
axtguy
spike
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spike
Joined: Jan 2014
Posts: 73
Blount County, AL
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Right now banks are demanding asking price or more. Sucks but market is rising. Seen a buyer get turned down for 5k under asking price.
Last edited by axtguy; 12/17/16 05:25 PM.
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Re: Short Sale
[Re: Smoke_Diver]
#1958074
12/17/16 05:19 PM
12/17/16 05:19 PM
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Joined: Feb 2014
Posts: 1,007
Roll Tide Town
Smoke_Diver
OP
6 point
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OP
6 point
Joined: Feb 2014
Posts: 1,007
Roll Tide Town
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Primary residence. It's been on the market for at least 10 months. I've looked it over more than once and had a long time builder/remodel guy I go to church with and trust look at it. It's had 2 contracts on it but both backed out because of time constraints I was told. It needs a roof, I want to replace windows, int/ext doors, gut kitchen and baths, paint, flooring, light fixtures, appliances, add a master bedroom and use existing master to enlarge the bath and for closet space. Heat pump is new, air handler is not. That's a good 50k to start I figure. That would increase house size to approximately 1900 sqft.
-“No politicians, no salesman and very few friends allowed.”
-Jbatey1- "I'd rather be a happy Bammer eating ribeye in a trailer than a miserable barner eating boogers in a mansion."
-“If you gonna be stupid, you better be tough!”
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Re: Short Sale
[Re: Smoke_Diver]
#1958091
12/17/16 05:27 PM
12/17/16 05:27 PM
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Joined: Nov 2008
Posts: 10,295
Alabama
whack-n-stack
Booner
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Booner
Joined: Nov 2008
Posts: 10,295
Alabama
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Primary residence. It's been on the market for at least 10 months. I've looked it over more than once and had a long time builder/remodel guy I go to church with and trust look at it. It's had 2 contracts on it but both backed out because of time constraints I was told. It needs a roof, I want to replace windows, int/ext doors, gut kitchen and baths, paint, flooring, light fixtures, appliances, add a master bedroom and use existing master to enlarge the bath and for closet space. Heat pump is new, air handler is not. That's a good 50k to start I figure. That would increase house size to approximately 1900 sqft. Hell, might as well get your buddy to build you a new one. Replacing windows is a biotch.
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Re: Short Sale
[Re: Tigger85]
#1958144
12/17/16 06:06 PM
12/17/16 06:06 PM
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Joined: Jul 2011
Posts: 39,440
Marshall County
FurFlyin
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 39,440
Marshall County
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I'd offer 75, worst they can say is no.
If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land. 2 Chronicles 7:14
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Re: Short Sale
[Re: Smoke_Diver]
#1958147
12/17/16 06:08 PM
12/17/16 06:08 PM
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Joined: Jul 2011
Posts: 39,440
Marshall County
FurFlyin
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 39,440
Marshall County
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Primary residence. It's been on the market for at least 10 months. I've looked it over more than once and had a long time builder/remodel guy I go to church with and trust look at it. It's had 2 contracts on it but both backed out because of time constraints I was told. It needs a roof, I want to replace windows, int/ext doors, gut kitchen and baths, paint, flooring, light fixtures, appliances, add a master bedroom and use existing master to enlarge the bath and for closet space. Heat pump is new, air handler is not. That's a good 50k to start I figure. That would increase house size to approximately 1900 sqft. If you're gonna do the work $50K is probably a good number, if you're gonna hire that done, I think you're low.
If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land. 2 Chronicles 7:14
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Re: Short Sale
[Re: metalmuncher]
#1958189
12/17/16 06:35 PM
12/17/16 06:35 PM
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Joined: Feb 2014
Posts: 1,007
Roll Tide Town
Smoke_Diver
OP
6 point
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OP
6 point
Joined: Feb 2014
Posts: 1,007
Roll Tide Town
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Thanks to all for jumping in. I do plan on doing some of the work myself. I have had the house informally inspected as I mentioned above, I've checked with the health department on septic tank location and have that factored into my numbers. I just sold my home which I lived in for 24 years so I have $$ to work with. Time is not a issue. I'm living in my parents basement lol. I think I'd be lucky to get it but like was said, it can't hurt to try. I was in the ballpark with what's been suggested to offer so we will see.
-“No politicians, no salesman and very few friends allowed.”
-Jbatey1- "I'd rather be a happy Bammer eating ribeye in a trailer than a miserable barner eating boogers in a mansion."
-“If you gonna be stupid, you better be tough!”
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