Skip to main content

Did I make a good deal?

Just got my first offer accepted as a home buyer. It’s exciting but stressful. Idk if I made the right choice but I love this property.

Info: bout in a good neighborhood with decent schools. 40 min away from my job. Bout for 175k and with comps the house is worth 190k with work it needs.

How do I know if the house needs more work than I can do?

Work needed: trees cut down, paving the driveway, get on city sewer line and off septic, landscaping, patio needs to be redone, flooring needs to be taken out and laminate put in. Extra bath needs to be added, potential drainage needs to be fixed for flooding.

My plan is to fix it all over a span of a couple years. Not going to try and redo everything at once.

Did I make a good decision?

submitted by /u/leadsinlight1
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/gtukld/did_i_make_a_good_deal/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/