Think I found a great deal, need opinions!

Think I found a great deal, need opinions!

I found this place while searching on craigslist and I think it is a great deal because the sellers are moving and they are very motivated to sell. This is a very nice home just judging from the pics. What do you guy's think.

Over a 1/4 acre in town! Huge double corner lot on dead end streets, Very low traffic, close to 2 parks. 2500 sq ft 5 bed 2 bath home. Large country kitchen with newer oak cabinets. Huge 14x12 main floor utility room. All rooms are very large. Gas fireplace. 2 car detached garage. Fenced backyard has many fruit trees, organic garden, new sprinkler system and a 15x30 above ground pool. Great covered patio for family get togethers. Possible 100% financing on this target home!

Reduced 10,000 in price for quick sale.
listed at 157,000 obo
*
we want to move back east soon-very motivated!!

home has 1890 sq ft
4 large bedroom upstairs
1 bedroom downstairs
2 full baths
large kitchen with newer oak cabnets and stove, fridge and new dishwasher
large living room
utility room on main floor
full basement for storage
energy efficient windows
Vinyl sidinglarge garage/shop with 220
big back yard-with 5ft fence
new sprinkler system
15/30 swimming pool !
large organic garden with 7 fruit trees (4 apple, 2 pears, 1 cherry )
big front yard with lots of space
home is located on 2 full lots close to 2 parks
quiet neighborhood with very little traffic!!

Living rm 15’-15’8”
Kitchen 13’-11’4”
Utility room 14’-11’5”
Bath 8’-9’5”
Dwnstairs bed 9’7”-11’8”
Master bed 14’6”-10’2”
Bed 10’4”-11’3”
Bed 11’4”-10’6”
Bed 11’4”-11’6”
Upstrs bath 9’10”-10’6”

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FMV? ARV? Rehab Cost?

FMV? ARV? Rehab Cost? etc..., Go to Totalviewrealestate.com and see what's going on in that area before you make an offer. LA

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Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-


Thanks

Thanks


good direction

irababo you gave him good advice. Also contact local realtor for current comps within 3 mile radius

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Anita
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TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


House

What are your plans and do you have down payment ready. My dealings with an owner who offers 100% financing is that they require a larger down payment. I have approached FSBO's like this one and they wanted 20-25% down. You will save on bank fees though so it might be worth taking it too the next step. Interesting deal you have hear. Don't forget to look at comps. Sounds like a great house...Jan


I looked at comps on zillows

I looked at comps on zillows and this property is priced higher than anything in that area. They bought the house in 2007 for $147,000 and now has a value range of $121,000 to $163,000. Still learning, just trying to get a feel of things. Thanks for your help.


Thanks Anita. "An Ounce of

Thanks Anita. "An Ounce of precaution, is a Pound of Cure." by Confucius.

__________________

Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-


re: zillow

countryrebel wrote:
I looked at comps on zillows and this property is priced higher than anything in that area. They bought the house in 2007 for $147,000 and now has a value range of $121,000 to $163,000. Still learning, just trying to get a feel of things. Thanks for your help.

Zillow may not be the best place to comp a property out. Again I suggest calling a realtor for accutate and up to date comps or go to www.totalvewrealestate.com and use Deans program.

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Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


countryrebel

Good thing you did the research. Don't forget that once you see the phrase "Owner Finance" in an FSBO property you need to do your own thing as an investor. As what Jan Malek say, they always require for a lrge amount of Down Payment. It's one way to attract buyers. LA

__________________

Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-


JOHN

HELLO JOHN,
CONGRATS on asking for advice .Irababao,anita and jan have great action items to take!! i would also add that you should call the owners and ask a few questions to find out the sellers MAGIC BUTTONS as dean suggests.i know you have some info but should talk with them further and LISTEN to what they have to say.they just may give you alot more info such as "we may be willing to have you take over payments,or no down pymnt and pymnts that fit your situation or....they may offer you a bird dog fee to sell it for them ...or you never know till you listen to all they have to say. good luck and WAY TO GET IN THE GAME !!

PS:I SEE YOU ARE A OWNER OPERATOR truck driver!! thats great and an awesome way to get your name out there with business cards and flyers at EVERY truckstop,diner,store,business,garage,load center,fuel stop,tire center,engine shop,etccccccccccccc. go getum john!!!!
jay

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