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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:

Postby The Tim » Wed Mar 26, 2008 11:15 am

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Re: Audacious Flips and Renovations

Postby Ubersalad » Wed Mar 26, 2008 11:20 am

spying on your boss' boss...that's ground for termination! tell us the truth, is this the reason why you're "self-employed".
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Re: Re:

Postby Markor » Wed Mar 26, 2008 1:10 pm

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Re: Audacious Flips and Renovations

Postby The Tim » Wed Mar 26, 2008 1:36 pm

Hah, nope, I didn't get fired, I can assure you. The only reason I noticed it is because he posted it FSBO on the internal work classifieds before listing with an agent. So it's hardly "spying."

I'm starting to think that he doesn't really want to sell, but is going through with the listing to appease the wife, who apparently wants a house with a bigger kitchen. If they really wanted to sell, they would have dropped the price at least a little bit in six months since they first listed it.
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Re: Audacious Flips and Renovations

Postby The Tim » Mon Apr 07, 2008 3:08 pm

Got another one for this thread:
Last sale: Aug 01, 2005 - $315,000
Asking: $800,000

Looks like they slapped down some granite countertops, hardwood floors, put on a fresh coat of paint and did some landscaping. I doubt they put more than $200,000 into it. It appeared to be vacant, but staged. Here's a photo I took (note that every lamp in the house is on in the middle of the day):

Image

Interesting side note, it's listed by our P-I Real Estate Professionals friend Susan Ryan. : "There is no real estate bubble and never will be. A decrease in acceleration is not an implosion (or even a pop)."

I can't take credit for finding this one though. I met with a guy from NPR today, and we actually did the interview standing outside that house, as a prime example of the insanity of the market. The segment should air later this week.
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Re: Audacious Flips and Renovations

Postby wreckingbull » Mon Apr 07, 2008 3:29 pm

Not only that, Susan Ryan quotes none other than 'Bubbles are for Bathtubs' , as an authoritative macroeconomic source. You can't make this stuff up folks.

I have to hand it to them, they at least did a nice frosting job on that 800K turd, in my first amendment protected opinion.
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Re: Audacious Flips and Renovations

Postby EconE » Mon Apr 07, 2008 5:08 pm

It seems as if many of the realtors we know are trying to sell off extra "homes".

Reba Haas for example...

http://www.redfin.com/stingray/do/print ... id=1266151
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Re: Audacious Flips and Renovations

Postby laxtosnoco » Mon Apr 07, 2008 9:15 pm

Wow, 157 DOM and 4 (minor) price drops. Maybe she needs to find a new agent!
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Re: Audacious Flips and Renovations

Postby The Tim » Thu Apr 10, 2008 9:49 am

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Re: Audacious Flips and Renovations

Postby jld » Thu Apr 10, 2008 10:29 am

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Re: Audacious Flips and Renovations

Postby rose-colored-coolaid » Thu Apr 10, 2008 10:48 am

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Re: Audacious Flips and Renovations

Postby The Tim » Thu Apr 10, 2008 11:25 am

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Re: Audacious Flips and Renovations

Postby Matthew » Thu Apr 10, 2008 11:32 am

They should have just bulldozed the old house and built a new one ontop of it.
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Re: Audacious Flips and Renovations

Postby PublicEnemy#1 » Thu Apr 10, 2008 11:39 am

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Re: Re:

Postby ayles » Thu Apr 10, 2008 11:41 am

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