Appraisals Ain’t Easy!

Appraisals Ain’t Easy!
If you have been reading the blog you know that our market seems to have become busier.  It seems like everything out there, priced anywhere near market value has multiple offers.  Banks seem much more realistic with pricing and buyers seem much more motivated (and not afraid to...
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House #8 – Multiple Offers

House #8 – Multiple Offers
Last update I mentioned House #8 had quite a bit of interest.  We have got a lot of non-agent calls off the sign and overall a lot of action on it.  I was surprised we had not received any offers yet. Friday afternoon, we got a call from an agent that she was faxing in an offer. ...
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Looked at 10 houses on Monday

The market sure seems to be hot with a lot more buyers than inventory.  We are search to buy at least two properties in April, so we identified 10 properties that looked like they would meet our criteria. After spending three hours looking at them, I got home and ran some numbers. ...
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The amount of REOs on the market seems low…

We put four properties in escrow in December, now the escrow’s are all closed, one is sold and another one of them is for sale.  That means it is time to start looking again! So earlier in the week I pulled out my trusty MLS token and did a quick look to see what is out there. ...
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House #8 – Ready to be Listed

While I am busy putting all my paperwork together for tax time, I figured I would take a break and write a blog post. House #8 is finished today.  We are sure proud of how it turned out. Before After The outside of this house was pretty good and we did not end up changing...
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House #6 – A couple offers…

Our FHA 90 day period is about to expire on House #6 so we lowered the price and started to market it more aggressively.  Much to our delight Sunday afternoon we received a full price offer (with some concessions).  We countered them and have not heard back… we cannot put...
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How Obama is making the Real Estate Market Worse

I am not a very political person, but I can’t see how all these new regulations are going to help the real estate market. Making the foreclosure process more difficult for the banks will just slow the price decline down. Once a person is $100,000+ under water on their house,...
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House #8 – Almost Finished

House #8 has gone along quite smoothly.  The market seems to have really dipped in this neighborhood, so I want to get it up on the market as fast as possible. We decided on a new style of cabinets as we did not love the ones we got for House #6. Carpet should go in Friday or Saturday...
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House #7A and #7B

House #7 was an interesting property.  It was a HUGE lot with over 30,000 sq ft. The front of the lot had a 3 bedroom 1 bathroom house built in the 1940′s. The back of the lot had a duplex with two 2 and 1 units and was maybe built in the 1960′s. House Duplex The layout...
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