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Old 12-22-2013, 09:44 AM
 
4,676 posts, read 9,986,772 times
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Quote:
Originally Posted by manderly6 View Post
I see why. The seller really doesn't want to sell his house.

I'd bet that the seller's net is somewhere around 94-95K.

 
Old 12-22-2013, 10:31 AM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,705 posts, read 29,796,003 times
Reputation: 33286
Default I am confused.

The house at 2002 Mikonda Dr Cookeville TN is listed at $109K and not $100K.
2002 Mikonda Dr, Cookeville, TN 38506 has been on the market for 43 days, not 25.
(The photos are horrible.)
$85K seems like a low ball offer when compared with 2150 Browns Mill Rd, Cookeville, TN 38506 - Zillow
 
Old 12-22-2013, 10:40 AM
 
Location: Georgia
4,578 posts, read 5,661,006 times
Reputation: 15968
Quote:
Originally Posted by John1960 View Post
I think the owner paid to much for the house in the first place. Here is pictures of the house. What I found that I don't like about the house is the hot and cold water pipes are plastic PVC. Water pipes are not the new plastic that can take freezing without breaking. Basement is not completely dugout and has a dirt floor.
So don't buy it.

Problem solved.
 
Old 12-22-2013, 11:28 AM
 
Location: Michigan
29,391 posts, read 55,574,845 times
Reputation: 22044
Quote:
Originally Posted by manderly6 View Post
I see why. The seller really doesn't want to sell his house.
The seller has got a out of state job so he is moving when he sells. He wants 105,000 for the house and will not take less.
 
Old 12-22-2013, 11:51 AM
 
Location: Houston
26,979 posts, read 15,879,874 times
Reputation: 11259
How long has it been on the market at its current list price?

Is the 90k house in similar condition and have approximately the same square footage?
 
Old 12-22-2013, 03:22 PM
 
Location: southwest TN
8,568 posts, read 18,100,599 times
Reputation: 16702
Quote:
Originally Posted by John1960 View Post
I think the owner paid to much for the house in the first place. Here is pictures of the house. What I found that I don't like about the house is the hot and cold water pipes are plastic PVC. Water pipes are not the new plastic that can take freezing without breaking. Basement is not completely dugout and has a dirt floor.
LOL you don't get it! You are moving to TN - from somewhere int he northern states - doesn't matter where. Here's the situation:

Northern states: frost line 12-18" BELOW ground level
Tennessee: frost line - depending on whether it's the northeast corner or southwest - could be 3-4" to no inches.

The point is it doesn't matter that the pipes are not "new" plastic, PVC is enough. It's very rare to get a hard frost that lasts for more than 24 hrs in most of the state. Higher elevations can get a couple days of freezing, but not enough to cause your water pipes to break.

BASEMENT: You're lucky the house has one at all. Consider it a storm shelter (since it's built on the side of a hill) and be glad you have even a partial one. This is not Michigan. Basements are RARE!

AND, if your pipes are inside this "basement" the chance of bursting from freezing are between zilch and zero.

So the 2 things you don't like about the house: 1 is a non-concern (the pipes) and the other is actually a rarity!
 
Old 12-22-2013, 03:35 PM
 
Location: southwest TN
8,568 posts, read 18,100,599 times
Reputation: 16702
double posted
 
Old 12-22-2013, 03:43 PM
 
Location: Michigan
29,391 posts, read 55,574,845 times
Reputation: 22044
I'm looking for deals to invest money and turn it into rental property in the near future.
 
Old 12-22-2013, 03:53 PM
 
Location: southwest TN
8,568 posts, read 18,100,599 times
Reputation: 16702
I'd go for it both as a renter and as a landlord. Seems like a good investment to me. The one thing you haven't mentioned as a drawback is the one reason I would pass on it - the slope of the land. No thanks.
 
Old 12-22-2013, 03:59 PM
 
Location: Michigan
29,391 posts, read 55,574,845 times
Reputation: 22044
Quote:
Originally Posted by NY Annie View Post
LOL you don't get it! You are moving to TN - from somewhere int he northern states - doesn't matter where. Here's the situation:

Northern states: frost line 12-18" BELOW ground level
Tennessee: frost line - depending on whether it's the northeast corner or southwest - could be 3-4" to no inches.

The point is it doesn't matter that the pipes are not "new" plastic, PVC is enough. It's very rare to get a hard frost that lasts for more than 24 hrs in most of the state. Higher elevations can get a couple days of freezing, but not enough to cause your water pipes to break.

BASEMENT: You're lucky the house has one at all. Consider it a storm shelter (since it's built on the side of a hill) and be glad you have even a partial one. This is not Michigan. Basements are RARE!

AND, if your pipes are inside this "basement" the chance of bursting from freezing are between zilch and zero.

So the 2 things you don't like about the house: 1 is a non-concern (the pipes) and the other is actually a rarity!
The problem with this kind of PVC plastic is it's Not a good grade plastic pipe. I had a friend that had this PVC pipe and it broke here in Cookeviille and destroyed his first floor of his house. Water drained in his heating ducts. Cookeville building codes require copper or the new plastic pipes in all houses.

Last edited by JD59; 12-22-2013 at 04:07 PM..
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