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By Tara-Nicholle Nelson | Broker in San Francisco, CA

5 Ways to Spot a Home with Hidden Potential

Remember metal detectors? When I was a kid, they were all the rage, holding the emotional rush of a game with the a potential real-life treasure chest at the end. Fast forward a couple of decades, and what seems to be our constant craving for a treasure hunt has shifted to a different medium, fed most prominently by PBS’ Antiques Roadshow. Loyal viewers like myself watched “The Roadshow” with anxious anticipation for those twin appraisers to come out, before they got their own show. When those guys showed up, it was usually a sign that someone’s auntie’s hideous chest was about to be deemed worth six figures.

But there’s a real estate version of this treasure hunting phenomenon, too - and it’s not recreational. Rather, the search for a home with hidden potential is most often undertaken in the very serious effort to stretch every ounce of home-buying power out of a savvy buyer’s real estate dollar. Some buyers’ lifestyles require them to focus on home they can move right into, with no work to be done - and their budgets allow them to do so. But others know that the gap between the home they eventually want and the home they can afford right now is so wide that the only way they’ll get their dream home is to buy it while it’s still a diamond in the rough. (Very rough, in some cases.)

So, what’s the real estate equivalent of the metal detector or the Keno twins? You are! With your team (agent and mortgage pro), your tools (Trulia among them) and a touch of good timing (your wants must ultimately align with what’s on the market), you can become a hidden-home-treasure-finding machine. Here to help are a handful of clues that there might be hidden potential lurking in a home.

1. Significant discount compared to other homes in the neighborhood. By definition, hidden potential is all about unrecognized and as-yet-untapped value - the gap between what you pay for a home in its current state and what it can be, monetarily and otherwise, with your investment of time and energy. If the discount is not significant, the potential is not hidden - it’s already being realized by the current owner (i.e., not you)!

Don’t expect the homes with the most hidden potential to announce themselves and -  their discounts - as such. The discount you must ultimately be concerned with is the discount that is reflected in the ultimate sale price (not the list price) vis-a-vis the comps (recently sold homes in the neighborhood).  So, one way to manifest hidden potential is to look for homes that are listed at only a slight discount (or no discount at all!) and have lagged on the market a very long time compared with the average in their area, then negotiate a meaty discount from the seller.


The other critical discount to look for is a significant discount between what you can secure the home for and what it will cost you, in total, after you put in the work necessary to manifest the property’s potential. Anyone can turn any old hovel into a palatial estate if they’re willing and able to spend and spend and spend.  True hidden potential is about latent possibilities that can be unveiled, not created from scratch and at great expense. The only way to truly know what this discount will be is to educate yourself about what the various needed improvements will actually cost, by obtaining estimates from contractors and/or pricing DIY projects out.

2. Really, really bad cosmetics.  First, let’s be clear - many homes with bad cosmetics don’t have great potential, or are insufficiently discounted for the home to truly reflect much potential at all. However, there are two flavors of bad cosmetics that can signal great hidden potential. The first are homes that were almost overly loved by their previous owners - they are in excellent shape inside and out, but they have been so heavily customized with terrible cosmetic choices and unattractive finish materials that other buyers are completely turned off. I speak from experience: when I bought it, my first home had wallpaper featuring kittens (no joke) on more than one wall - and it turned out to be a fantastic home and investment.

These otherwise-lovely homes with taxidermy covering every single surface - even the bedroom walls?  Same deal: there’s gold in them thar homes. Bad cosmetics like these are very easy to unwind, but these types of homes often be had at a discount, because they are such a huge turnoff to other, less potential-focused buyers.

The other flavor of bad cosmetics that can hide a home’s true potential are now-outdated “upgrades” that were awesome and cutting edge in their era. It’s sort of like my Dad’s clothes when I was growing up. As a Tween (we were called pre-teens back then) I thought my Dad was SO fashion backwards. (He had many other strengths, though, including real estate. Can’t be perfect at everything.)  Anyhoo, as a young adult, I realized that I’d been totally wrong: my Dad’s ‘look,’ if you will, was not horrific for the 80’s - it was FANTASTIC for the 70’s. He simply hadn’t moved on yet!

When a home’s previous owner made a major investment in upgrading the home 20 or 30 years ago, chances are good that the outdated cosmetics can be replaced over the home’s still-sound innards, without extreme expense. Hidden potential alert!

3. An unfortunate backstory. Often, homes with hidden potential are those that have fundamental, structural integrity and well-functioning systems (plumbing, heating, etc.), but have been less well-cared for on the surface. And in some cases, what caused the surface neglect is an unfortunate set of circumstances affecting the previous owners/sellers. By no means is spotting homes with this sign of hidden potential unethical or taking advantage of another’s misfortune, as some might suggest. In fact, if that’s even a concern, rethink it: there’s not a single thing wrong with recognizing and activating the potential the previous owners were unable to nurture due to their divorce, family dispute, age or budget limitations.

4. No photos. To be completely fair, this one is more about finding hidden opportunity than hidden potential, per se. The vast majority of home buyers start house hunting online and simply refuse to go homes whose listings lack photos.  Sometimes homes are listed without photos because of bad cosmetics or deeper condition issues; other times, because of technical difficulties that have zero to do with the house, its look or its condition.


If your dream home has been elusive, consider taking the time to go check out a listing with the ‘just right’ specs, in terms of square footage, beds, baths and neighborhood - even if it doesn’t have photos. If you’re house hunting in an area or at a price point where there will undoubtedly be multiple offers on a great home, a home with no or only one listing might offer you an opportunity for low or no competition on a great property - or one with great potential.

5. Great neighborhood, square footage and floor plan.  It can be relatively simple and inexpensive to manifest a home’s potential when it can be converted into your ‘dream’ home without having to move or add any walls. It’s also much more likely that you’ll hang in there through the discomforts and uncertainty of the seemingly endless process of remodeling (rather than selling it in despair, before you’re done) if the home is of ample size and optimal layout to house your family and your activities as they evolve over time.


Also, many folks find that a fantastic home in a not-so-great neighborhood is  less desirable than a not-so-great home in an fantastic neighborhood; the latter can be easier to live in and stay committed to during the course of the remodel as well. Accordingly, homes with the ‘just-right’ square footage and floor plan that also happen to be located in the ‘just right’ neighborhood are the ultimate hidden potential triple threat.

All: What do you look for when you're scoping a house with hidden potential? In the past, what features have drawn you to a particular home that others may have missed?

P.S. - You should follow Trulia and Tara on Facebook!           

Comments

By teardowns.com,  Thu Aug 23 2012, 09:44
Be careful, very often it is less expensive to start from scratch. Plus, layering new amenities and technologies onto an older infrastructure can create new problems not fully understood until it's too late.

If neighboring homes are selling 2-3x the purchase price of your home with its "hidden potential" - the economics favor teardown and rebuild - unless of course there is clearly historical or architectural significance that would send the community into some kind of revolt :)

Thanks,
By Icarus,  Thu Aug 23 2012, 10:01
I look for expandability. Is there a basement or attic that can be converted into useable livable space? Is there room along the lot line to do a "bump out" to expand a dining room or bathroom? Can a small bedroom be removed to expand a master bedroom and create an upstairs laundry room or storage closet?
By Ljb5966,  Thu Aug 23 2012, 10:42
That can cost a lot of cash that most people don't have (in fact, in some cases it can cost more to remodel a property than it would costs to buy it done at top dollar). Plus, not everyone wants to live through a remodel. We just bought a home that is move in ready and we did not pay top dollar for it.
By Dandelionwishes62,  Thu Aug 23 2012, 10:43
I'm happy to say that I think I have just scored a house that meets ALL of these!!! Yay!
By Hyacinth Jordan,  Thu Aug 23 2012, 11:19
Potential or not, I personally want nothing to do with an old house unless it includes everythingt I need from jump street...Neither do I career to invest in a home in a comunity with many vacant parcels. We recently moved into such community, and it is the biggest mess i have ever seen. Noisy hammering on a daily basis, almost, rude visitors turning around in our private driveway has really taken a toll. Also, some of the incentatives can be a nightmare. First, they require personal time investment, and then the buyer has to be careful to choose items that are within the guidelines of the incentives offered. I really wish I could be more positive about this idea.
By Meg Fielding,  Thu Aug 23 2012, 11:22
I found my hidden gem in a good neighbourhood, but the images on the listing were from when it was sold in 2007, before it was renovated. it was a foreclosure, and i offered a rock bottom price, negotiated with a little and then had my offer of half of the original listing price accepted. Most of the heavy lifting work was done in 2008, so all I had to do was paint and have the original 1899 floors sanded.
By Ron Peterson,  Thu Aug 23 2012, 12:07
Buying above FHA loan limits can make for a great buy since one has fewer buyers to compete with.
By vi.clem,  Thu Aug 23 2012, 12:38
I will have a 50 year old, renovated home for sale in about 2 - 3 months. It's in Spartanburg, SC on the north-west side. I've been remodeling and renovating fror the past 2 years. It has 3 bedrooins (2 are large) 1 full and 1/2 bath. It's on a quiet, neat street. It has a new (2 year old) blacki stove, fridge, and dishwasher. New roof. New windows. More amenities. One car carport. Everything checked and works. Connecting laundry room. $83,500. 864-542-9706.
By Soridalys,  Thu Aug 23 2012, 12:48
I need help, I am looking for a hidden germ just because I love old homes. Can anyone look at this home and tell me what they think? 18 Perry Pl, Canandaigua NY, 14424/ MLS # R190211
Its on a great neighborhood and schools are terrific. Thx
By Kimberly Komenda,  Thu Aug 23 2012, 12:50
I found my jem in a neighborhood where the houses go for $200,000- $399,000. I have a cute little place that is structurally sound: new roof, foundation, plumbing, etc for $18,000! It has three acres a creek and a pond that we found after doing some weed eatting. The previous owner was a smoker and the place had yellow walls. We have painted done some yard word and now its worth almost $200,000! It was listed online with no pics because the grass was tall and the yellow walls. :-)
By Wally,  Thu Aug 23 2012, 13:11
We bought a foreclosure that was on the market almost a year with only one offer (and acceptance). But the buyer didn't know it was "as is" and backed out. The insides didn't smell very good and the other owner cut some large holes in the walls (the studs and headers) for a big screen TV and fish tank. And was a smoker and everything was yellow. We got it for 1/2 of the listed price. Immediately after closing we pulled up all the carpet, Oil primed everything and 2 coats of paint. Just taking up the carpet cured most of the odors. And I repaired the walls. It also helps to have a handyman business where we did all the work ourselves. When we walked in with our buyer's agent we knew it was the one for us. We just had it appraised and its value is now higher than the original asking price after fixing it up. You have to know what you are doing on these!
By Fabulousfrock,  Thu Aug 23 2012, 13:15
I got an older house in one of the safest, most desirable areas of the entire county. We looked at a dozen houses in our price range and this one had by far the most desirable features: 2100 square feet plus an attic and cellar, two full bathrooms, a wonderful enclosed wraparound porch, hardwood floors throughout and loads of natural light, half an acre, within walking distance to the post office and library, etc...plus some wonderful character: a gorgeous walnut staircase, some antique light fixtures, etc. The inspector even asked me why this house was so cheap. Even after some repairs it was still cheaper than pretty much any other house in town. I'm convinced it was because the place was a short sale that hadn't been lived in for 6 months, it was empty and full of bug corpses, the yard was overgrown, some of the windows were cracked...it gave it kind of an air of sadness and neglect. Once our furniture was in and we had pictures on the walls, it's proved to be both cozy and spacious. I pinch myself every day that we got such a great place on our budget!
By Joi Hanley,  Thu Aug 23 2012, 13:26
for me, retired, widow with limited income yet a lump of money to buy in cash, and enough for cosmetic and remodle costs where needed, and in not so desireable neighborhood. old sturdy homes taken care of in anderson, sc are. too many homes to even see in a week. it is a buyers market and doing your homewrok yu can secure the home you can live in and soon love. for examble. real estate transactions are public domain. i've seen flips (once you know what to look for a flip is easy to spot and negotiate price downs) the flip is bought because it will take little to bring it up to the standards of the neighborhod. it was a forclosure and not destroyed because the prior owner lost it. ( I hate people that do this to a home). or perhaps a an estate sale. I prefer these. or an empty nester. but if you buy an estate house and there are many it is becaeu the heirs want to unload and be out from under and take what they can get. so in this are buy for 7K and 3-4k invested and sell for $20-25K will net the flipper a 100% return on his/her investment. but take that same house and try to sell it for $40K even if the neighborhood warrants it you better have gutted the kitchen and baths. If not, no one will buy. I gave a offer of $20K and told them i will not ngotiate. the flipper jumped at it. this house was on the market for several years. he had to maintian it and pay the insurance and taxes. not part of the negotiating realm. his greed. this was literally 50% less then the asking. so do not be afraid to give a reasonable offer even if it is 50% less then they want. most important do not forget IT IS A BUYERS MARKET. NOT A SELLERS MARKET. Good luck to all those in search of the last house they buy!
By Wendels,  Thu Aug 23 2012, 15:30
Soridalys, The house looks nice not sure what houses go for in that area. Are you looking to purchase outright or is it for resale? The 1 problem I see is the radiators this shows age, I would check on the furnace (boiler) or whatever the heating system is before you put in a bid. This could be very costly to replace and update, I would get an estimate and reduce my purchase price accordingly.
By Thompson,  Thu Aug 23 2012, 15:32
Nice to hear so many success stories.
By rhuntley2,  Thu Aug 23 2012, 15:39
To yhuong1989, Just out if curiosity I looked up the zips you gave. The went to realtor.com and pulled in 3 bd 2 bath with at least 1200 sq ft and up to $100,000 in price. Found 282 listings. I am sure that many will be crap, but you night start looking there.
By Me,  Thu Aug 23 2012, 15:41
I have a hidden gem on 2.3 acres in Havertown, PA 19083. Excellent school system. Has a 1.1 acre lot that has already been subdivided and could be sold separately. The lot has an old barn on it that could be a tear down or renovation into a really cool house. The house is 250 years old with 3 foot thick stone walls. It was once a part of the Wanamaker estate across from the west course of the Merion Golf Club in the Merion Park Manor section of Havertown. The house is currently being painted.
By Chris Sharrow,  Thu Aug 23 2012, 16:15
Hi Tara - I'm looking for that hidden gem, because if all it needs is a little TLC, I can do that with lots of enthusiasm and research on the best way to handle it with Excel budgeting a huge part of it. Love your emails and always open them immediately. Thank you!
By Tony Hammer,  Thu Aug 23 2012, 18:25
Great comments ! the most important factors in find a gem property is the location, price , better comparables and a property you can afford.

View thousand of Homes and Condos in Fort Lauderdale-South Florida at http://www.tonyhammer.com
By Alix Zadiraka,  Thu Aug 23 2012, 19:51
Looking for a treasure. Older house for bed and breakfast. In Minnesota, Rochester
area not in the city but near by.5 bedrooms or able to covert to. Not afraid of work. Acreage a plus.Please send any info to alizad51@gmail.com Thank you
By Jystark,  Thu Aug 23 2012, 20:24
I'd love to find a hidden treasure in Stockton CA. However, lately it seems like everything is selling for $139k. I'd actually prefer an older home. There are some really nice ones here. Problem is size. I want a 4 bd, 2 ba. My mother will be moving in with me at some point. I don't mind hard work but lately it seems the market is nuts here. Prices are not for Stockton buyers. Which reminds me of the crash in 2007. Stockton is bankrupt and I think banks are holding on the properties to drive up prices AND a lot of investors are buying cheap and selling beyond what people here can actually afford. I realize there may seem nothing is wrong with this. But it is shutting out people who actually live here. I am a teacher. I don't make a lot of money. I am a first time buyer. I am looking at all the possible ways to assist a purchase. But I am being pushed out of the market. It's not good. I make more than most who live in Stockton and we are being squeezed. Any ideas where this is going? When will it end? Why are banks holding on so tightly? Where ARE the diamonds in the rough even?
By Itsnotme1207,  Thu Aug 23 2012, 22:09
i'm listed for less than the sold comps and have been on the market since feb this year. only had one really low ball offer for less per sqft than foreclosures are selling for around here---and there aren't many left. my home is move in ready, very clean, and staged. yet there are homes that are in my neighborhood that are selling in the upward 90s per sqft, some only after a couple months. i'm only wanting 85 per sqft for a 1641sqft, 3br/2ba, 5yrs old.

http://www.trulia.com/property/3006972280-1802-Twin-Oaks-Dr-Van-Buren-AR-72956

itsnotme1207 @ yahoo . com
By Terry W. Irmer,  Fri Aug 24 2012, 00:08
Get a new realtor
By Mike Siers,  Fri Aug 24 2012, 02:37
We have had a few "gems" here(Outer Banks,NC) lately. If you are looking for treasure on these barrier islands email me and I will send you a map!
michael.siers@resortrealty.com
By Amariller,  Fri Aug 24 2012, 02:45
The whole idea of aged updates or upgrades and cosmetics seems pretty vague. That subject could cover a great deal of territory. So what's the boundries of such? What would generally be considered "cosmetic"?
We looked at a really nice house that's sporting a premium price here in northern CA (which is typical CA) but it's late model built-in microwave was burned inside as if a bag of popcorn ignited (I've had that happen but in a inexpensive counter model thankfully) and the place was filthy. There was burnt pizza in the oven (I kid you not) and drawers throughout the house were naz. So, cleaning is an issue as well ... what should that tell me? I understand that the aged owners left as she was admitted for long-term care and he's hanging close to her, sad indeed but the fact is the listing people haven't seems to help them much with the prep for selling or showing. Should they? It kind'a ticks me off a bit. I supose at the end of the day though it's a nice place well situated one of the nicest areas, should it be considered that this 8 yr old house is "neglected" in every sense and price adjusted as such? Considering the demographics of the seller, the filth and the obvious rapid departure (with no apparent family to help) should I expect to go for a great deal or just pity these folks? Everyone knows CA is still living in LaLa land in their house pricing ... and I'm not getting that. A really nice house in a desirable area though presenting as I've described still commands top dollar? When will I wake-up from this comic book real estate world?
By Cindy Lee,  Fri Aug 24 2012, 10:59
Don't forget the renovation loan for these types of properties!
By Wally,  Fri Aug 24 2012, 11:41
Get a buyers agent that's very knowledgeable on distressed properties. When we were getting ready to put in an offer on the foreclosure, we were planning on offering $20,000 higher than what we actually paid, but didn't say anything in the beginning. When our buyers agent suggested the offer price we were amazed she was starting "so low in our opinion". But she knew the market and we did better than we anticipated. Get a buyers Agent that knows distressed properties!!!
By Margie,  Fri Aug 24 2012, 13:53
To Itsnotme1207 I did a search of your address and 2 zillow listings came up, the current listing and the the listing from 2 years ago complete with pics. I would contact zillow and try to get the previous listing and pics removed.
By Itsnotme1207,  Fri Aug 24 2012, 14:55
@Margie thank you for the suggestion. i'll see if i can do that.

i bought the home as a foreclosure a couple years ago. there was alot of work to be done. we fixed nearly everything to perfection. had full gutters put on all the dangerous or dead trees removed etc etc. we put alot of money and time into it, so i get upset when a buyer thinks i should just give it to them for what i bought it for and expect me to take a loss on the updates that i made. i'm not a flipper, just someone who needs to move and didn't plan on it. i want to be able to walk away with a penny in my pocket atleast lol.
By Pink646,  Sat Aug 25 2012, 08:06
Can someone tell me if they think Trulia and Zillow's estimates are in ball park? I recently made an offer on a house for 275k (asking 325k) they bought house in 2008 and waaay overpaid for it. it's a 2 bedroom 1 bath 1350 sq ft on 2+ acres. Their bank said house was worth 304k both Trulia and Zillow 268,500k. Their real estate broker says these shouldnt be paid attention to since they are done with computers etc etc. well, house is still sitting there...thanks, look forward to responses.
By A & C,  Sat Aug 25 2012, 09:20
When buying an older home in an older established neighborhood, beware of any city or HOA requirements to maintain the home to historical standards. Repairs and paint to maintain significant historical architecture can cost many times the cost of normal repairs. Non-standard windows, gingerbread details, etc. should be warning flags to investigate BEFORE you commit.
By Bob Frazier,  Sat Aug 25 2012, 18:38
Often heard and true is "Money is made on the buy." (And not the sale). Do your homework.
By Melvin Alexander,  Sat Aug 25 2012, 19:12
can investors find good deals on the mls
By Melvin Alexander,  Sat Aug 25 2012, 19:16
HI Tara looking for hidden gem in St. Louis
By Itsnotme1207,  Sun Aug 26 2012, 11:24
@Pink646

from what i can tell, not always. i've seen them be really off. most of the time they are too low when they are wrong. i've seen houses sell for about double of what zillow says it's worth. i go by my county's tax website estimates, sold for comps in the area, etc before i go be those sites. you'd be surprized what you could get for your money here. 275k would buy you a little mansion lol.
By Bethany.marie.michaels,  Sun Aug 26 2012, 11:52
I'd very much agree with the comment toward the top about expandability. I purchased a neglected eyesore home for $80,000, and the nearly identical home right next to me sold for $139,000 the next year. It's attic had been finished out nicely into a great master bedroom and some extra office space, the hardwood floors were re-finished, kitchen had been decently updated over time, and the basement had been painted with waterproofing wall paint and nice epoxy floor paint. Otherwise our houses were the same - one small bathroom, two small main level bedrooms, pretty built-in 1920's cabinets, same yard space, similar back decks, similar front porch.

When my inspector said "these houses were built like a tank," I knew it was the right property to put some love into. Nearly 3 years later, it's become the bell of the block : ) Every neighbor surrounding me has stopped to compliment on the renovations and invite us to the local block party. One of them told me the story of how they've watched each house on the block get renovated one by one over the last 10 or so years, mine being the last one.

As I look at houses currently for sale in my neighborhood, there's one that is a big, beautifully renovated home at a fantastic price, but the yard is so small that it would be a challenge to ever add a garage on the property. There's just one single parking slab behind the house, and then a tiny sideyard. I've seen smaller houses half the size getting sold for a similar price, I think because of the yard and garage layout.

This is a great article written above. I love Tara's stuff. If I were to add my own bullet point list, it would include:
- built like a tank
- unfinished attic
- unfinished basement
- last eyesore house on the block
- neighbors who own and live in their homes (rather than rental properties)
- a normal amount of yard space compared to other homes in the neighborhood
By Tara-Nicholle Nelson,  Mon Aug 27 2012, 09:42
This is excellent, folks - expandability is a great addition to the list, as are virtually all of those bullets on Bethany.marie.michaels' list.

Just a heads up - if you're prepping to get ready for your first home purchase, join me tomorrow at 12 noon Pacific time, when I'll be answering first time home buying questions, LIVE - here are the details! http://www.bit.ly/Nir7gO
By Zonability,  Tue Aug 28 2012, 15:33
While expandability is great in theory, it is always a good idea to check if a property's zoning allows for more square footage, additional height, and/or more lot coverage. That unfinished space might look enticing, but it is possible that you'll never be able to get a permit to legally convert that space into new square footage.
By Mark Acantilado,  Thu Aug 30 2012, 04:10
I usually try out and rent some homes in areas where I want to test or find out about the local market of an area. I stay for over a few months, 3 to 6 months and that's when I learned more about the area if it has high or low potential.


Thanks,
Mark T | http://www.agentcampus.com
By Christine Merlino,  Thu Sep 27 2012, 17:30
To Pink646...On Zillow, those "zestimate are not very true....First off, when you go to put your home on the site to sell, there is an area where they ask you a few basic questionsabout the house such as square footage, outbuilding, etc. Well When we purchased our present home over 3 years ago, we had an "unfinished pole barn, with an "addon" for a RV trailer. Inside was basically "unfinished". We enclosed that pole bard, finished the whole interior "more like a finished garage. We also "added on" a 3 season finished all glass sunroom, and added two decks. We also updated the whole house, even totally finished the attached 3 car garage with expoxy flooring/dry wall. Well, when I went to the area to type in the "square footage"(now encreased by 400 sq.ft) Zillow.com "would not let me put in the new corrected square footage, it kept programing the house "before the addition. The same thing happened, while trying to type in the demenions of the detached "pole barn, now a 1/3 larger than it used to be. The lot we live on, is over 6 acres, but it was "pretyping less than that. We had our home done by three different real estate agents, and priced it fairly, by putting it "in the middle of "low to higher end. Our home is in "mint move in condition", so I really should put it listed at the "high end", but wanted to be fair. So I put it on "Zillow.com", and "because they "didn't allow me to "enter the info correctly", OF COURSE, their "zestimate" was almost $40,000 less than its real value. This is a perfect example and "good reason "not to pay attention" to their "zestmate value". In fact, I've seen homes , toured them", that "zestimate "gave HIGHER" value, and these homes were really crap, inside and out. You'll find out when bank appraises the home for a loan if needed.Again, when you buy a home(beautiful home) that sometimes is in a rural area, and "because there are "no comparables, because homes surrounding are little 150,000 homes, the bank still will only give a loan "so high", where you, as the seller, "hopefully" have cash to add too that bank loan. You "know" the house is worth what they are asking for, and "sometimes even "more." Hope this helps.
By Christine Merlino,  Thu Sep 27 2012, 17:45
Do not go by Zestimates value on Zillow.com.I really do not know "why they even do that since they do not allow you to put in the new correct data. It automatically puts in the data(such as square footage) from when "you" as the seller "purchased the home years before". So if you added on a whole room or even two, it keeps popping up the "old square footage", so "of course the zestimate is way off....Plus, theres no questions where you can "describe, how you, as the current seller, has updated and did major bath and kitchen renovations, which "with the info you write, Zillow.com can "give you a more honest "Zestimate", even if it was $10,000 "lower", than Marget analysis, at least its not "way off like "$30,000 to 50,000...
By Angie Gardner,  Thu Sep 27 2012, 21:20
TO: itsnotme1207- market your property on Craislist.Good luck to you from Waldron,Arkansas!

For all our listings please go to: http://www.waldronarkansasrealty.com
and then contact me: Attention ANGIE GARDNER for any info on any listing!

I am a Realtor at Waldron Realty in Waldron,Arkansas
777 Hwy 71 South
By Voices Member,  Wed Apr 24 2013, 10:45
Very good article. I am thinking about adding some epoxy flooring in my home. Do you know if http://glacierindustrialpaintingco.com/alaska is a good place to look? Thanks.
By Voices Member,  Thu Jul 25 2013, 12:33
Thanks for posting about this again, Tara! You are the best writer on trulia for sure!

David | http://www.roadwaytowing.ca/en/services.html
By Voices Member,  Thu Jul 25 2013, 12:55
I love reading your work, Tara! Keep writing and I will keep reading! :) Awesome!


David | http://www.knightsonguard.com/KOG2011/services.php
By Voices Member,  Thu Jul 25 2013, 13:26
This article is exactly why I like to visit this website so often. Great work, Tara!

David | http://www.prime-communications.com/solutions/types/telecom/voip/
By Voices Member,  Thu Jul 25 2013, 13:27
Of all the articles that I have read this day- this is one of the best articles that I have read. Awesome work! :)

David | http://langleyplumbing.net/en/services.html
By Voices Member,  Thu Jul 25 2013, 13:52
This is one of the best articles on all of Trulia and you know why, because it was written by Tara! Keep it up, girl!

David | http://www.babayans.ca

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