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Seattle Bubble Forum Archive • View topic - Audacious Flips and Renovations

Audacious Flips and Renovations

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Re: Audacious Flips and Renovations

Postby deejayoh » Mon Apr 28, 2008 10:06 am

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Re: Audacious Flips and Renovations

Postby Lake Hills Renter » Mon Apr 28, 2008 10:16 am

Frak him. You don't owe him a thing.
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Re: Audacious Flips and Renovations

Postby biliruben » Mon Apr 28, 2008 10:21 am

Thanks, DJ.

Sadly, that's pretty darn close to what he's really thinking.

Really nice guy, gave me lots of help and advice on my floors and siding, and I wish him well. I really do wish there was something I could do for him so that he gets the return he thinks he should, short of watching my house sit on the market all summer. But I'm afraid trying to cover an 840 sqft house w/o a driveway in granite and steel will not make it any bigger or more accessible.
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Re: Audacious Flips and Renovations

Postby biliruben » Mon Apr 28, 2008 10:40 am



Image

This flipper or less-than-brainy homebuyer is sweatin'.
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Re: Audacious Flips and Renovations

Postby pumpkin » Mon Apr 28, 2008 10:40 pm

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Re: Audacious Flips and Renovations

Postby biliruben » Tue Apr 29, 2008 10:04 am

Thanks, Pumpkin. I don't know about how common it is, however.

My Agent was shocked. She had recommended I start 5% lower.

In fact, her whole office was shocked.
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Re: Audacious Flips and Renovations

Postby pumpkin » Wed Apr 30, 2008 10:37 am

You're welcome! Don't do what the sellers did to us (we just took possession last week). They were so nasty to us -- negotiations were very contentious -- and we figure it all boiled down to us getting the house for less than asking. Last week when they left, they took a few trees out of the yard and the bathroom mirrors with them, as well as topped off the recycle bin with garbage from their kitchen. Yeah, we're drafting a letter on hubby's firm's letterhead. fun fun fun!

-jess/pumpkin
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Re: Audacious Flips and Renovations

Postby biliruben » Wed Apr 30, 2008 10:52 am

Sucko.

No. This is a very nice couple, they paid over list, and we wouldn't do anything like that in any case. Our biggest debate is whether we leave a framed picture of the house 60 years ago that we got from the KC archives, or keep it for us to remember the house by.
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Re: Audacious Flips and Renovations

Postby Alan » Wed Apr 30, 2008 11:09 am

Leave the picture with the house on the condition that it always remain with the new owners whenever the house is sold.
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Re: Audacious Flips and Renovations

Postby The Tim » Mon May 12, 2008 4:40 pm

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Re: Audacious Flips and Renovations

Postby geon » Tue May 13, 2008 8:48 am

This one made my jaw drop when I saw it listed last night:

http://www.redfin.com/WA/Normandy-Park/ ... ome/335044

Casting for a fool. Somebody still thinks the bubble is still alive in Normandy Park. There's a Tudor that listed for almost 3 mil. a few house from this one. I emailed the realtor and said the price was crazy, they dropped it 300K the next day. LOL.

:shock:
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Re: Audacious Flips and Renovations

Postby The Tim » Fri May 16, 2008 11:15 pm

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Re: Audacious Flips and Renovations

Postby WestSideBilly » Mon May 19, 2008 9:16 am

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Re: Audacious Flips and Renovations

Postby Cougar » Thu May 22, 2008 5:08 pm

Remember this posted by Faster - June 2007 Well it's Baaaaaaaaaaaaaaaaaaack! No one took the "permit offer" so they did it the remodel and jacked the price up 630K! (They just took the house off the MLS tonight, probably to reprice.)



$1,195,000
13419 NE 27th St
Bellevue, WA 98005
Changed MLS

Bought: 01/12/2006 $825,000

What do you get for your $370,000? A "contemporary fixer" with "permits [that] are almost ready for the major remodel" and the house has been "cleared inside for the construction". Do I read this right? They're asking $370k profit for a set of plans/permits and a gutted house? If so, what a bargain!
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Re: Audacious Flips and Renovations

Postby Civil Servant » Fri May 23, 2008 10:01 am

Well, it certainly would be nice for the owners if they could realize their wished-for profit of 55% in about five months. The interiors and especially the kitchen look less crappy and cookie cutter than one has grown accustomed to seeing, but still. Also, an unfortunate lack of street appeal going on here.

http://www.redfin.com/WA/Seattle/3514-S ... ome/469129
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