Comments on: Cheapest Homes: November 2012 Edition

By: softwarengineer

softwarengineer — Thu, 08 Nov 2012 17:31:37 +0000

Have You Visited It and Peered Inside?

Albeit, I agree that even seeing an immaculant interior [or tore down dump] for inspection has no effect on its assessed value….the property assesssor performs audits from the exterior only.

Reply – Jonness @ 5<\/a> - \r\n\r\nHave You Visited It and Peered Inside?\r\n\r\nAlbeit, I agree that even seeing an immaculant interior [or tore down dump] for inspection has no effect on its assessed value....the property assesssor performs audits from the exterior only.',''); return false;">Quote

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By: Jonness

Jonness — Thu, 08 Nov 2012 03:21:24 +0000

Dump #3 looks like a flip waiting to happen.

Reply – Quote

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By: softwarengineer

softwarengineer — Wed, 07 Nov 2012 17:50:19 +0000

RE: ChrisM @ 3 –

LOL ChrisM

Same thing happenned to the house next door, it started out two years ago as $99K HUD Home, no one wanted it for a year [evidently the bank wanted too much]….so the bankster remodeling crew was called in to gut the place; new oak floors, rugs, exterior panels, etc, etc….the price went up to $139K, it sold after another year of remodeling and staging.

That was 2010-2011, now the King County assessments came in for my SE King County land/property at 38% below 2011 for 2012…..that means the place likely assesses somewhere in the mid 80s now. Who said the underwater deals were just 2007 bubble peaks…..the fun goes on and on….and yes, the banks don’t want to sell too cheap.

Reply – ChrisM @ 3<\/a> - \r\n\r\nLOL ChrisM\r\n\r\nSame thing happenned to the house next door, it started out two years ago as $99K HUD Home, no one wanted it for a year [evidently the bank wanted too much]....so the bankster remodeling crew was called in to gut the place; new oak floors, rugs, exterior panels, etc, etc....the price went up to $139K, it sold after another year of remodeling and staging. \r\n\r\nThat was 2010-2011, now the King County assessments came in for my SE King County land\/property at 38% below 2011 for 2012.....that means the place likely assesses somewhere in the mid 80s now. Who said the underwater deals were just 2007 bubble peaks.....the fun goes on and on....and yes, the banks don\'t want to sell too cheap.',''); return false;">Quote

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By: ChrisM

ChrisM — Wed, 07 Nov 2012 16:19:53 +0000

RE: softwarengineer @ 2 – That’s my point. The bank is listing them for more than they went at auction.

Reply – softwarengineer @ 2<\/a> - That\'s my point. The bank is listing them for more than they went at auction.',''); return false;">Quote

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By: softwarengineer

softwarengineer — Wed, 07 Nov 2012 16:17:14 +0000

RE: ChrisM @ 1 –

Minimum Bid

Most auctioned item that don’t get the minimum bid; get pulled off auctions.

Tim’s list is a good reference history though if you bid at auctions; you as an auction buyer may not think the price is worth it….but the seller disagrees with you.

Reply – ChrisM @ 1<\/a> - \r\n\r\nMinimum Bid\r\n\r\nMost auctioned item that don\'t get the minimum bid; get pulled off auctions.\r\n\r\nTim\'s list is a good reference history though if you bid at auctions; you as an auction buyer may not think the price is worth it....but the seller disagrees with you.',''); return false;">Quote