Low inventory

[Liberty12]

Originally Posted by aneftp

If one is looking at the lower end 150-200k range. Yes inventory is tight. Homes move quickly.
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We are definitely looking in the lower end range. Not exactly starter house, but not much bigger. There is exactly two houses in our price range, in the area we want to move. One needs to be completely gutted and rebuilt. It has extensive water damage from plumbing leaks. Literally has mushrooms growing in the basement ceiling. The other was on a main road.

I am finding that single family homes have low inventory md are moving fast, but that is not the case for town houses. We have 5 for sale on our street and the prices are rapidly dropping on them still, yet they still sit for sale.

I was thinking that when we are really ready to move that I might drive around with zillow values and knock on doors of houses we like in our price range, to try to persuade someone to sell. That's all I can really think of. What's coming on the market is crap.

[beckycat]

Originally Posted by Liberty12

We are definitely looking in the lower end range. Not exactly starter house, but not much bigger. There is exactly two houses in our price range, in the area we want to move. One needs to be completely gutted and rebuilt. It has extensive water damage from plumbing leaks. Literally has mushrooms growing in the basement ceiling. The other was on a main road.

I am finding that single family homes have low inventory md are moving fast, but that is not the case for town houses. We have 5 for sale on our street and the prices are rapidly dropping on them still, yet they still sit for sale.

I was thinking that when we are really ready to move that I might drive around with zillow values and knock on doors of houses we like in our price range, to try to persuade someone to sell. That's all I can really think of. What's coming on the market is crap.

Can't hurt to ask. That is how we bought the land our house is built on. Good luck!

[jeoff]

You may already doing this, but you can check zillow price changes for folks who tried to sell 2 years ago, but gave up. You could make an offer based off their old asking price, but subtract ~7% for the realtor fees. The price would be lower, but it won't affect their net. I would just make sure that you have all of your ducks in a row, before you make an offer (financing, inspectors., etc.) --you don't want the seller to question your seriousness.

Originally Posted by Liberty12

We are definitely looking in the lower end range. Not exactly starter house, but not much bigger. There is exactly two houses in our price range, in the area we want to move. One needs to be completely gutted and rebuilt. It has extensive water damage from plumbing leaks. Literally has mushrooms growing in the basement ceiling. The other was on a main road.

I am finding that single family homes have low inventory md are moving fast, but that is not the case for town houses. We have 5 for sale on our street and the prices are rapidly dropping on them still, yet they still sit for sale.

I was thinking that when we are really ready to move that I might drive around with zillow values and knock on doors of houses we like in our price range, to try to persuade someone to sell. That's all I can really think of. What's coming on the market is crap.