I'm also really not interested in that level of rehab, unless I'm rehabbing something particularly cool. This is just some normal beat up house that isn't very interesting.
For reference, here are two old-ass farmhouses we're looking at now:
huh, buyers market looks like you can be aggressive. Both those houses look nice.
What's with the Z-estimates being sooooo off in price. I am used to them being slightly off but in those prices it's almost 60 to 80k off.
Yeah, we have noticed that the houses in our area seem to be hanging around on the market for a while, so we are definitely going to be aggressive on any offers we make. We got pre-approved for our max we're willing to offer just so we have options, but ideally we will be offering something lower so we have a little money to do any work that needs to be done. There are enough houses we like out there that we can afford to make offers that might be rejected.
If you guys need a good inspector, we can get you the guys who helped us out. He literally saved us for buying what looked like a solid house but was actually a money pit.
You have to watch out for property taxes around here, that's the one thing. Our desired range is $4k - $6k a year on a ~$200k property - that puts us in the more rural locales.
In some municipalities, I've seen bills of $10k - $11k on comparably valued properties.
Many of those provide worthwhile services, but you've really gotta be sure you're willing to pony up nearly $1k a month just to own the place.
huh, buyers market looks like you can be aggressive. Both those houses look nice.
What's with the Z-estimates being sooooo off in price. I am used to them being slightly off but in those prices it's almost 60 to 80k off.
Well, I believe that's based on sales of comparable homes in the surrounding area. Some of those areas were last sold in a housing bubble. This could also be the result of a shift towards a buyer's market. There are actually tons of foreclosures in the area, and houses are sitting around without moving for some time.
There's a 20-acre plot of land near where we live right now that's been for sale for two years. Nobody's touched it.
You have to watch out for property taxes around here, that's the one thing. Our desired range is $4k - $6k a year on a ~$200k property - that puts us in the more rural locales.
In some municipalities, I've seen bills of $10k - $11k on comparably valued properties.
Many of those provide worthwhile services, but you've really gotta be sure you're willing to pony up nearly $1k a month just to own the place.
That's more property taxes than I pay federal taxes. My property taxes are only $3Kish on a $245K property.
We're almost done seeing the initial list of 13 houses. Most have been eliminated, some have eliminated themselves, and one was snatched away from us (and then not, and then again).
The process is interesting. We went from "boring normal suburban house" to "historic farmhouse with shit tons of land." Tomorrow, we will look at a house that's older than our country, on more land than I can fathom.
Current frontrunner is a pretty normal boring ruralish house. There's an oldass farmhouse on the list too, but it needs about $25k in work (due to a missing chunk of sill plate that rotted away, and a corner post that's been replaced with a 2x4). I'm confident we could lowball that one, because the disclosure statement says there's no rot or water damage.
Sure, right. Because the sill plate just sprouted legs and walked the fuck away.
Normal boring house needs like no work, but we'd probably have to hit it with an offer a little bit above what we wanted to pay. Not unreasonable, but it gives you pause.
We're actually really hoping that tomorrow's oldass farmhouse shakes out nicely.
Man it will be really hard to buy the 22 1/2 more acres I'll need to get to maintain my Most Landed Crew award, I need that for end of the game points :-(
Man it will be really hard to buy the 22 1/2 more acres I'll need to get to maintain my Most Landed Crew award, I need that for end of the game points :-(
Don't worry. They'll never be able to afford enough fences to use all that.
Man it will be really hard to buy the 22 1/2 more acres I'll need to get to maintain my Most Landed Crew award, I need that for end of the game points :-(
Don't worry. They'll never be able to afford enough fences to use all that.
Oh, I have this covered. We're going to grow hazel and willow and make wattle fences.
When I hear "I am going to buy a 24 acre property for $200k" my immediate response is "where is this magical place, and can you actually get Internet there?"
When I hear "I am going to buy a 24 acre property for $200k" my immediate response is "where is this magical place, and can you actually get Internet there?"
This is actually a substantial concern; one of the things we are going to check for is the internet options available. The price is actually pretty typical for the area though... it's like 40 minutes from Albany proper.
Comments
For reference, here are two old-ass farmhouses we're looking at now:
http://www.zillow.com/homes/2105-Indian-Fields-Rd,-Feura-Bush,-NY-12067_rb/?fromHomePage=true&shouldFireSellPageImplicitClaimGA=false&fromHomePageTab=buy
http://www.zillow.com/savedhomes/for_sale/29674866_zpid/3-_beds/1-_baths/1_pnd/42.636358,-73.724785,42.507413,-74.01764_rect/11_zm/1_rs/1_fr/
These will likely entail reasonable amounts of fixing up, as opposed to basically building a new goddamn house.
What's with the Z-estimates being sooooo off in price. I am used to them being slightly off but in those prices it's almost 60 to 80k off.
In some municipalities, I've seen bills of $10k - $11k on comparably valued properties.
Many of those provide worthwhile services, but you've really gotta be sure you're willing to pony up nearly $1k a month just to own the place. Well, I believe that's based on sales of comparable homes in the surrounding area. Some of those areas were last sold in a housing bubble. This could also be the result of a shift towards a buyer's market. There are actually tons of foreclosures in the area, and houses are sitting around without moving for some time.
There's a 20-acre plot of land near where we live right now that's been for sale for two years. Nobody's touched it.
Hey, we should see about that.
The process is interesting. We went from "boring normal suburban house" to "historic farmhouse with shit tons of land." Tomorrow, we will look at a house that's older than our country, on more land than I can fathom.
Current frontrunner is a pretty normal boring ruralish house. There's an oldass farmhouse on the list too, but it needs about $25k in work (due to a missing chunk of sill plate that rotted away, and a corner post that's been replaced with a 2x4). I'm confident we could lowball that one, because the disclosure statement says there's no rot or water damage.
Sure, right. Because the sill plate just sprouted legs and walked the fuck away.
Normal boring house needs like no work, but we'd probably have to hit it with an offer a little bit above what we wanted to pay. Not unreasonable, but it gives you pause.
We're actually really hoping that tomorrow's oldass farmhouse shakes out nicely.
Here, you may now gawk:
http://www.zillow.com/homes/for_sale/fsba,fsbo,fore_lt/house,land_type/29712250_zpid/2-_beds/1-_baths/75000-250000_price/268-892_mp/any_days/1000-_size/globalrelevanceex_sort/42.761129,-73.886319,42.626633,-74.224148_rect/11_zm/0_mmm/
I need to seriously consider moving back to Upstate New York eventually.
well, you have my axe.