U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-19-2013, 08:13 PM
 
Location: Way up high
14,115 posts, read 20,811,787 times
Reputation: 14385

Advertisements

A different 3 story townhouse right next to us is already under contract. It's been on market for about 3 weeks at 375K
Reply With Quote Quick reply to this message

 
Old 11-20-2013, 09:13 AM
 
Location: In The Thin Air
12,245 posts, read 8,025,490 times
Reputation: 8892
Quote:
Originally Posted by Timmyy View Post
My condo complex completely skews that graph. 13 days until closing and the burden is gone.
Closed yesterday. Yay! I can't believe we finally got rid of that burden.
Reply With Quote Quick reply to this message
 
Old 11-20-2013, 03:31 PM
 
5,444 posts, read 4,808,503 times
Reputation: 15020
Quote:
Originally Posted by Timmyy View Post
Closed yesterday. Yay! I can't believe we finally got rid of that burden.
Congrats on the sale. I'm sure it was a complete relief walking out of the office.
Reply With Quote Quick reply to this message
 
Old 11-20-2013, 04:17 PM
 
Location: Way up high
14,115 posts, read 20,811,787 times
Reputation: 14385
Good for you Timmyy!!!
Reply With Quote Quick reply to this message
 
Old 11-21-2013, 05:35 AM
 
Location: In The Thin Air
12,245 posts, read 8,025,490 times
Reputation: 8892
Thank you. It was a giant relief. Owning the condo has really held us back for quite some time. Now we can put our money into our house. It will be a very good holiday season.

Houses are still moving really fast in our area. Zillow has our house valued at $40K more than what we bought it for. Hopefully the values will hold the next two to three years. We are looking to upgrade in that timeframe.
Reply With Quote Quick reply to this message
 
Old 11-21-2013, 07:29 AM
 
Location: Way up high
14,115 posts, read 20,811,787 times
Reputation: 14385
We are thinking of purchasing one of those 3 story townhomes when our lease is up in April. I'm hoping one will be available then or at least one for rent. Seems like we'll have to move on it very fast.
Reply With Quote Quick reply to this message
 
Old 11-21-2013, 08:42 AM
 
Location: The Berk in Denver, CO USA
13,941 posts, read 20,179,537 times
Reputation: 22559
Default Zestimates are...

Quote:
Originally Posted by Timmyy View Post
Zillow has our house valued at $40K more
Crap.
Never, ever pay attention to the Zestimate. It is complete crap.
Pay attention to what comparable houses nearby have recently sold for.
Reply With Quote Quick reply to this message
 
Old 11-21-2013, 08:56 AM
 
Location: Colorado
2,483 posts, read 3,517,092 times
Reputation: 2674
Quote:
Originally Posted by davebarnes View Post
Pay attention to what comparable houses nearby have recently sold for.
Past performance does not indicate future results. But it can be an indicator of it, especially with something like neighboring homes, so it's not bad idea to do what DaveB said.

However, I think people rely on those kinds of indicators too much and feel that they are somehow entitled to a certain amount and that they have failed if they don't get it. And of course greed comes in to play there too. You really need to look at your circumstances. How much did you buy your home for and how much do you owe on it? How badly (quickly) do you need to sell it now? And then price accordingly.

My last home cost me a net loss of well over 20k to get it sold, but I was glad to do it because my new place was just sitting here waiting for me and it was at the absolute bottom of the great recession. Fortunately I had the bulk of the house paid off by then so I still got a bunch of cash back, and if I ever seek the place I'm in noes I will almost certainly make it all back and then some. But even if not, I'll do what I have to do and call it good because the living has been good, which is what I'm paying for. Housing is an expense. Think of it any other way and you're bound for some disappointment sooner or later.
Reply With Quote Quick reply to this message
 
Old 11-21-2013, 11:27 AM
 
Location: Washington Park, Denver
6,902 posts, read 6,489,921 times
Reputation: 7348
Quote:
Originally Posted by Timmyy View Post
Thank you. It was a giant relief. Owning the condo has really held us back for quite some time. Now we can put our money into our house. It will be a very good holiday season.

Houses are still moving really fast in our area. Zillow has our house valued at $40K more than what we bought it for. Hopefully the values will hold the next two to three years. We are looking to upgrade in that timeframe.
Don't ever take Zillow for more than a general estimate.
Reply With Quote Quick reply to this message
 
Old 11-21-2013, 03:32 PM
 
Location: In The Thin Air
12,245 posts, read 8,025,490 times
Reputation: 8892
Quote:
Originally Posted by davebarnes View Post
Crap.
Never, ever pay attention to the Zestimate. It is complete crap.
Pay attention to what comparable houses nearby have recently sold for.
I don't give Zillow too much credibility. The value is very close to what my house appraised for two months ago. It is nice to see the values rise.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 07:19 PM.

2005-2019, Advameg, Inc. | Please obey Forum Rules | Terms of Use and Privacy Policy

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top