femto
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femto wrote: I think this one meets the audacious criteria. http://www.redfin.com/stingray/do/print ... -id=997095 Last purchase 12/01/2006 $401,000. On the market for $825,000, or $412/square foot, which is off the chart for Ballard hom…
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The foreclosure price wasn't a real salesl price, that's just what the bank recorded (I believe the value of the 1st mortgage), I think this was originally an 80/20 100% financing deal.
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This is at the Capitol Hill/First Hill/Downtown juncture (next to the convention center). I think $305K is actually a pretty good deal on this place, and there's some upside for the buyer, it works out to $340/sq. ft. which is pretty cheap by downt…
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So the unit below me finally sold about 3 weeks ago for $305K. It's peak (very bubbly) price was $400K in Nov 2006. Here' the last 5 years sales data courtesy of Redfin: http://www.redfin.com/stingray/do/print ... al_id=6698 Date …
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I've long thought that if anybody was going to eventually do something about this sort of stuff it would have to be the pension funds. Not because they're inherently noble, but because they by nature have to think longer term, and it's short term …
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I threw up in my mouth a little with I read this. I can only hope it induces the only logical response, which is a shareholder revolt that tosses these asshats out on the street (after stripping any golden parachutes). Beyond the obvious obscenity…
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First off let me say that I don't at all condone ELF nor their tactics. I don't think a sign left at the scene has any particular credibility. Almost all terrorist organizations develop strategies for laying claim to acts after the fact. From the…
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I wouldn't leap to conclusions yet about this being an act by ELF. They seem like an easy cover, and in the current environment there are many groups that could have either hostile feelings towards a homebuilder, or a direct financial incentive to …
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pumpkin wrote: WestSideBilly wrote: That property on 30th has a new listing at $589k. Yep, still a bad deal. Hey look! It's STI now, too. I'm telling you all -- even the most audacious homes are going STI right now. I hope they enjoy…
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enatai wrote: Here is a place in my hood. I have watched it change hands several times in the last few years. Get a load of the sales history. http://www.redfin.com/stingray/do/print ... id=1366637 So a quick peek at King Co. records shows…
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Markor wrote: Enatai Renter wrote: Here is a place in my hood. I have watched it change hands several times in the last few years. Get a load of the sales history. http://www.redfin.com/stingray/do/print ... id=1366637 Wow. Look how fa…
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Alan wrote: But so many of the salespeople drank the cool aid and bought heavily into the market themselves that a drop would hurt them more than increased volume would help. I think this is a key point. The unit downstairs from me was bou…
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mike2 wrote: I don't quite understand why properties that went to auction sit empty for months before showing up for sale, but it happens. You'll generally find them listed on the bank's own web site. Houses don't go into the MLS automagical…
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This ones a little bit different: http://www.redfin.com/stingray/do/print ... id=1389966 5002 3rd Ave NW Seattle, WA 98107 Price: $999,950 Purchased 4/21/2006 for $920,000 So $80K gain in the past 1.5 years, probably unrealistic but no…
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femto wrote: femto wrote: femto wrote: I think this one meets the audacious criteria. http://www.redfin.com/stingray/do/print ... -id=997095 Last purchase 12/01/2006 $401,000. On the market for $825,000, or $412/square foot, whic…
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Definitely not anyplace I'd choose to live (as it's xtian wing-nut country), but if you really want suburban living and a big house on a view lot I'd suggest going all the way south to the Vancouver Washington area, which is really a suburb of Portl…
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Nell Plotts wrote: http://www.redfin.com/stingray/do/printable-listing?listing-id=1371521 Zillow extimates $1,385,00; offered at $999,900. This is a comp killer! I don't directly put any weight in the Zestimate, but this is definitely…
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How long is your time frame to sale? If it's really just 5 years it's unlikely to be very profitable to own--figure a minimum cost of about 10% to sell the place (repairs + fees + commissions), and you can make an almost 5% risk free return on cash…
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Only auction company name I've heard (in the news) is Hudson and Marshall, but there may be some others.
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A foreclosure is really a process. The end of the process is what's called a "trustee sale" which is an auction that usually takes place someplace silly like the "courthouse steps". At that auction only cash bids are accepted, so only investors wh…
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Here's an example from Countrywide's REO list: http://www.redfin.com/stingray/do/print ... id=1099578
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deejayoh wrote: I was under the impression that REO's generally are not listed on the MLS - but are sold directly by the bank. I think it's true that they're sold "as is", but I don't think you'll find them on the MLS Many aren't, but some…
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As RottedOak pointed out this is standard terminology in listings for foreclosed properties that are now being sold by a bank. These are sometimes called "REO", which stands for "Real Estate Owned". Many banks keep lists of them on their own websi…
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Been awhile since I've seen a truly audacious flip: http://www.redfin.com/stingray/do/print ... id=1350249 Bought 3/29/2006 for $470,000. Now on the market for $829,000 (+$359,000, ~75%) City records has square footage at 1140, so I'm gues…
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Seem to have finally gotten the message--priced just dropped $40K (a net drop of $20K from before the increase and per the listing now $75K off the original asking price) and the kickbacks are gone. Hopefully they're not going to be chasing this m…
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carlislematthew wrote: Lake Hills Renter wrote: Is it just me, or is it pretty quiet over at RCG these days? When they're not discussing the relative merits of burying plastic statues and their effect on home sales, it is indeed pretty …
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A couple thoughts: First, when figuring the cost of owning a condo you need to look into the current home owners dues, and review the budget and reserves. Dues can easily be a couple hundred dollars a month (and are not tax deductible), and many…
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CliveL wrote: The flipper ran out of cash, but expects to earn more that 100% profit in less than one year. http://www.redfin.com/stingray/do/printable-listing?listing-id=1329326 Let's wish him luck with that price... There's a 50% larger…
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A couple notes on this: I'm guessing that calculation is based on the most recent price in the MLS so it won't account for pre-sale prices drops, and does it account for non-sales price incentives (e.g. "we'll pay your closing costs", often 2% or so…
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pumpkin wrote: Here's an interesting one: http://www.redfin.com/stingray/do/print ... id=1202878 I would never in a million years pay that much to live in that neighborhood on that street: $899K! This is interesting, and not just beca…