real estate (Union: foreclosed, houses, crawl space)

[MySkreenName01]

hello all

i am looking to buy a run down home fix it up and live there a few years then sell when kids are done school.the question i have is the home is on a slab and i was wondering about resale some tell me it wont sell and some say it will be ok. any thoughts out there i know price is a factor but i was not sure of slab vs crawl space.

thanks for the help

[Jerseyt719]

I know when I'm looking at a home to buy, I won't buy one without a basement. I'm no expert, just a home owner/buyer and that's my preference.

I like the storage space and easy access in comparison to an attic.

Maybe some of the real estate agents will give you a more educated answer.

[Roselvr]

Originally Posted by MySkreenName01

hello all

i am looking to buy a run down home fix it up and live there a few years then sell when kids are done school.the question i have is the home is on a slab and i was wondering about resale some tell me it wont sell and some say it will be ok. any thoughts out there i know price is a factor but i was not sure of slab vs crawl space.

thanks for the help

It all depends on the area.
I've lived in Union county all of my life, so moving to south Jersey with slabs / crawl spaces wasn't easy.

It was very common though, the way we dealt with it was looking for a house with a garage or a nice sized attic that had flooring or could have flooring. The last house I had had no garage but a full L-shaped attic.

[Sergio M]

A Basement has it's advantages, and adds value to the home. Some basements usually need some level of maintainence. Good Luck.

[Bill Keegan]

Originally Posted by MySkreenName01

hello all

i am looking to buy a run down home fix it up and live there a few years then sell when kids are done school.the question i have is the home is on a slab and i was wondering about resale some tell me it wont sell and some say it will be ok. any thoughts out there i know price is a factor but i was not sure of slab vs crawl space.

thanks for the help

It's very much a local thing. If yours is the only house in town without a basement, then it will be a big drawback, both in price and the time it will take to sell it. If, on the other hand, most homes are on slabs, then that fact will not have much of an effect. Assuming, of course, the houses in town are selling at all.

Also, if the house you are looking at is uncommon in that most others have basements and it does not, you should expect to PAY significantly less for it than for a similar house with a basement.

[FlyersFan]

Try looking on hudforeclosed.com