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Old 03-27-2014, 07:50 PM
 
Location: Fort Lauderdale, Florida
11,936 posts, read 13,118,890 times
Reputation: 27078

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Yes, it will sell. Hire an excellent realtor and be prepared to drop the price. Anything can sell it just depends on how much money you want to spend to get rid of the home.
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Old 03-27-2014, 11:44 PM
 
5,046 posts, read 9,628,905 times
Reputation: 4181
I think people are talking about your house. I hate to say it, but your house is the least of your sales problems. I know of HOAs where they are doing fair financially, not great, and even rock bottom price places won't sell. People look at the financial sheets and all the info and say this or the other hoa will be bankrupt in a coule of years and won't buy.

Your HOA ship has already sunk according to your info.

What are you common areas? How ar they kept up? A truly financially bereft hoa is not a good thing, especially when you can't go way way low in price since you don't want to do a short sale. Even then, a buyer would need to overcome the obstacle of not you and not him being in charge of the sunken ship but some third party.

Can you see if a class action suit has already been started against the hoa or board or whatever?
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Old 03-28-2014, 09:12 AM
 
4,565 posts, read 10,662,183 times
Reputation: 6730
Quote:
Originally Posted by AVA View Post
I got a quote of $3000 from a repair company.
There are certainly cheaper ways to fix a crack in cement. $3k is simply nuts, but if someone like you is willing to pay it, he will gladly take your money.
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Old 03-28-2014, 11:12 AM
AVA AVA started this thread
 
129 posts, read 321,347 times
Reputation: 67
Quote:
Originally Posted by 399083453 View Post
There are certainly cheaper ways to fix a crack in cement. $3k is simply nuts, but if someone like you is willing to pay it, he will gladly take your money.

Both realtors worried it could become structural, but no structural engineer would come look at it because of the liability to them.
This company that specializes in basement waterproofing etc will need to inject it in several spots and some other things. It's all to prevent the piece in the cement wall that could be pushed out one day. It isn't structural damage yet, but one day could be. It's more involved than just a crack.
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Old 03-30-2014, 03:02 PM
 
148 posts, read 263,215 times
Reputation: 340
OP - I'm a former Realtor. First off, suck it up and fix the crack. Fix it right by someone who is certified/professional and document it. Forget the guy who told you to cover it up - that can get you SUED if the new owners found out you knew about it (and gluing a piece of plywood over it is not exactly stealth). You will have to disclose it, but if it's been repaired then that's no big deal. If you left it as is..... that would just create a big question mark for any potential buyers and people don't like buying unknowns. What if your buyer wants to knock off 5K for a repair that cost you 3K?

And yes, get a good Realtor - one that is good at MARKETING (a lot of them aren't). Get someone who knows how to take good photos and talk up your property in the MLS, then PRICE IT REALISTICALLY and it will SELL!
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Old 03-30-2014, 03:54 PM
 
7,214 posts, read 9,399,574 times
Reputation: 7803
I think your main issue is whether or not you will have cash to bring to closing or not. Cracks and pot holes can be repaired.
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Old 03-30-2014, 11:39 PM
 
Location: Barrington
63,919 posts, read 46,773,354 times
Reputation: 20674
Quote:
Originally Posted by AVA View Post
There was a treasurer on the HOA board who is being investigated for taking the funds ( he's off the board now and is being investigated) the sum missing is $100,000!
Does the HOA carry fidelity insurance on all officers/agents with access to funds?

Making a claim will usually trigger an investigation by the insurance company.
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Old 03-30-2014, 11:43 PM
 
Location: Barrington
63,919 posts, read 46,773,354 times
Reputation: 20674
Quote:
Originally Posted by davebarnes View Post
Hide it.
For example, glue a piece of paneling to the basement wall and hang a dart board.
Failure to disclose situations often times end up in court and the one deceiving, loses.
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Old 03-31-2014, 08:58 AM
AVA AVA started this thread
 
129 posts, read 321,347 times
Reputation: 67
Quote:
Originally Posted by middle-aged mom View Post
Failure to disclose situations often times end up in court and the one deceiving, loses.
Yeah, I would never do this. ( hide the crack)
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Old 03-31-2014, 08:21 PM
 
2,957 posts, read 5,907,848 times
Reputation: 2286
Quote:
Originally Posted by davebarnes View Post
Hide it.
For example, glue a piece of paneling to the basement wall and hang a dart board.
Or even paint all of the walls.
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