We have almost 10 A. in Harrison township with acreage and pond. May be willing to sell to right person. 3/4 bedroom 3100 sq ft home with new kitchen and finished basement. If still looking you can contact us.... more
I think that the best way to do this would be to first hire a good electrician to come look at it. Then they can do a survey and establish all the various things that are wrong with the electricity at the moment. Then you could take this to the seller and then discuss it with them. Then you will hopefully be able to get it fixed and taken care of. http://www.drelectricco.net/electrical-repair/... more
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If your air conditioning system is working, I would replace the cabinets first. I think that investment will be more noticeable to buyers. A lot of people form the opinion of a home based on its kitchen. Worn-out cabinets will certainly make the property harder to sell.
You should contact a lawyer in your area that deals with real estate contracts to advise you, as agents cannot give legal advice. Generally, once a contract has closed you would then have to resolve any disputes or disclosure issues through litigation.
By the way, did you use a buyer's agent to assist you with your purchase? If so, did you ask your agent to verify the flood zone status with the sellers, FEMA maps or local governmental agencies? If the flood zone issue was important to you (and it sounds like it was), then the time to verify the flood zone status was while you were under contract and before closing.
Knowing the flood zone status of a property, especially the Base Flood Elevation of that property, is more important now than it has been in the past due to recent changes to the national flood insurance program. That is especially true for older homes that had previously been "grandfathered" into artificially lower rates.... more
It depends on how you feel about it. I think that it will be okay. It seems like there are a lot of homes with sump pumps. You might have to maintain this though. http://fyleshoneywagonllc.com/services.html... more
My first question is...what were your agents thoughts?
Your resale potential will depend on the neighborhood and other comparable homes nearby, and condition, layout, upgrades in each of the homes you're comparing. It sounds like you prefer the first home, if this is a home you plan to live in for a while, I would go with the home that best fits your needs and where you'll be happy living. If your plan is to live there a short time, and sell for a profit in a year or two. Then you've got a tougher decision to make, because you need to consider the resale potential more than most buyers. At the 250K price point, I'm sure both are very nice homes, and resale will come down to buyer preferences at the time you sell. A basement or no basement, at that price, I'm sure there will be enough buyers out there no matter which home you decide to go with. As Isabelle said, there is no easy straight forward answer, a lot of factors and variables for resale value. I would pose this question to your agent, get their thoughts, as they're more familiar with the situation and both homes you're asking about.
Keller Williams Realty
Waf - Looks like you were provided a number of perspectives already and this one may end up being longer than a simple sound byte. My take as a native of the City then moving to Chicago area for college, then to SoCal for graduate school and to marry a Calif. girl and then returning to FW 25 yrs. ago is multi-layered including culture, economy, education, business/industry & real estate.
First is the stability of the macro culture. FW is considered by many a splendid place to live because of sound fundamental principles. Unfortunately that phenomenon cuts both ways. Upon my return to FW after 15 years away living in more metropolitan-like areas, I concluded that much of the philosophy behind decisions made across the above mentioned layers could be captured in 2 7 word phrases. "We have always do it that way" or "We have never done it that way". The first helps create the remarkable stability of this culture, the second has restricted the progress that could be made. There are plentiful examples available, but will not be included for brevity sake.
Over the decades, business & political leaders have talked about change needed for progress and because they typically confined solutions w/in the above 2 phrases experienced limited success. Seems to me that about 20 years ago a paradigm shift started to gain traction and while progress may be painstakingly slow as measured by some, we are experiencing significant yet sound fundamental change. Some of the outcomes follow.
While Allen County was built upon strong manufacturing & agriculture industries which have experienced tremendous global challenges, the business community started laying the groundwork and have successfully attracted information, technology & medical industries. The average income still lags (as referenced by the comment from Denver), but these industries and new startups to support them are paying higher wages, a promising trend. Because of unusually low tax structures, compared to other States & Cities I've resided, it is likely that our cost of living will remain steady. I believe the outcome is increased discretionary income for the savvy "wealth builder" to use in home purchases.
As to "wondering why so many homes for sale" puzzles me since the data available to me reaching 11 years back would indicate there has been a shortage of inventory for almost 2 years. I could help put that in perspective if you can share from where that data is derived. And to "so few have sold in the last few months", I could clarify knowing the source. The measurable data indicates that May, June & July were strong sales months w/ record setting increases of average median sales prices - a good seller's market. August saw a typical seasonal slowing & September in FW seemed no different than most of the country experiencing a slowing.
For sure you do not want to look at a home purchase as the kind of investment providing a good return. Measured over decades, the typical appreciation is 1-2% per year at best. On occasion you'll see niche areas experience a 3% but don't bank on it long term - that's how people got upside down. Plus, stay away from 100% financing options, it will likely take 3+ yrs. of appreciation simply to recoup the costs associated w/ the purchase or sale.
It's a GOOD life,
I think that in most cases you'll more than make up for the commission with a higher sales price when you list with an agent. Most buyers are working with agents and more buyers tends to result in higher prices. Many times people who sell their place themselves will pay a buyer's agent commission so at that point you're only "saving" half as much so the numbers are even worse.
I've been doing this for 14 years but if I stopped working tomorrow I would still opt to sell my house with an agent when the time came.... more
Two suggestions - one would be to see if you can find a Realtor with extensive experience (ie someone who has been around a while) and get their opinion. They would know first hand the reputation of the builder (from being involved in the reselling of the builder's homes, from client's experiences with that builder and with just the general reputation). Second, don't believe everything you read on the internet! Ask the builder for contacts to homeowners for whom they've built. Talk to them first hand.... more
Joan, did you know that if you have good credit, there are some loan programs where you can pay upfront PMI in a lump sum just one time at closing, instead of paying every month? When you sit down with a lender and do the math, you see that it can be a considerable savings. And, you can often build the upfront PMI into the purchase by negotiating for the seller to pay closing costs. I've had several clients do this type of program this year and they've been very happy.... more
Some of the answer depends on even more local than Ellettsville versus Bloomington. If you are comparing Ellettsville to the east side of Bloomington, there is usually a meaningful difference. If you are comparing the west side of Bloomington to Ellettsville, the difference becomes less meaningful. It's hard to answer your question without knowing the exact houses/neighborhoods you are considering. For example, houses in Woodgate tend to be $20,000ish less than a similar house on the southside of Bloomington, but maybe about the same price as a house in the HIghlands. So moral of the story, location is important, but on a more micro scale than just the city/town. Location is neighborhood, school, proximity to IU, etc.... more