Skip to main content

Diamond in the rough. Price history

My wife and I found our first home we are interested in purchasing. Owners bought it in December 2020 and put it for sale in June 2022. Buyer selling since they got a relocation to a Sunny state. Supposedly they rented it out for a while. 1) They did some remodeling, but it was weird that they did not get the molding (floor-wall wood) done. The areas they have it done looks like basic MHD wood painted white. 2) missing room doors & frames almost everywhere. Even some closets don’t have them. 3) the pricing history changes are worrisome over the past years. 400 down to 350. The last two deals fell through due to finance issues supposedly. 3a) Doesn’t look like the home appreciated at all. Similar houses in area are 100k+ more. It is a double lot with a English basement. The ground is very hilly, if that makes sense, as it dips into the empty lot. Grass and trees have not been cut for a while. 4) it had a basement flooding and you can see it in the listing of the drywall being cut up. We are worried that the mold will come back. 5) we made an lower offer and it appears they are eager to sell it, closing in 30 days. Can someone check out the history of this home??? It’s 5-7-8 Shepard lane Geneva illinois.

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

source https://www.reddit.com/r/RealEstate/comments/wscw09/diamond_in_the_rough_price_history/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...