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What do home buyers want?

 
Shamar
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User ID: 1479302
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09/30/2012 09:03 AM
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What do home buyers want?
Ok, this is a rant thread.

I have had my house up for sale for some 7 months. We are in a great community, although it is aging, our house is 35 years old. We have added two rooms to it over the years. We have upgraded our bathrooms with tile, etc., new countertops in the kitchen (granite) repainted and recarpeted virtually every room.

The kitchen does need new cabinets and a new light to be "updated". The outside which is cedar, has been newly stained. Our drive way is new, our furnace/ac unit is only 4 years old, our water softner is 8 years old.

Our landscaping is gorgeous, with two water gardens with fountains. we live on a cul-de-sac and have one of the best back yards in our neighborhood.

But nobody likes our house......it is different, it is a transitional, not traditional.

But the feedback we have received over the months has ranged from insulting to asinine.

Our current listed price is only $15,000 more than it was when we bought the house in 1991.

Please, somebody tell me, wtf do people want when buying a house?

Last Edited by Shamar on 09/30/2012 10:02 AM
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Seeker of Truth

User ID: 9074179
United States
09/30/2012 09:09 AM

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Re: What do home buyers want?
They want a house they can see themselves living in, not a house they see you living in. You need to present it for their tastes, not yours.hf
'Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind.' - Dr. Seuss
'love has no opposite as it is the divine solvent that ends duality.' - m'Lord
'Be the love that you are' -m'Lord
The amount of love and good feelings you have at the end of your life is equal to the love and good feelings you create during your life.- mine
Yes, the things that others think, say, or do will sometimes hurt you— until they do
not anymore.What will get you from here to there most quickly is total honesty—
being willing to assert, acknowledge, and declare exactly how you feel about a thing.
Say your truth—kindly, but fully and completely. Live your truth, gently, but totally
and consistently. Change your truth easily and quickly when your experience brings
you new clarity.-God

[link to www.youtube.com]
Anonymous Coward
User ID: 18308331
United States
09/30/2012 09:39 AM
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Re: What do home buyers want?
If the place is full of Obama voters, they'll want it for free, and they want you to pay them to buy your house.

If the place is full of Romney voters, they won't buy a home from an Obama voter. Put a Romney/Ryan sign in the front yard and you'll get an uptick in traffic.
neocartman

User ID: 23002187
United States
09/30/2012 09:41 AM
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Re: What do home buyers want?
They want a house they can get equity out of... thats why most potential home buyers are renters right now in the USA lol
Internet stalking you since 09
Shamar (OP)

User ID: 1479302
United States
09/30/2012 09:48 AM
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Re: What do home buyers want?
They want a house they can see themselves living in, not a house they see you living in. You need to present it for their tastes, not yours.hf
 Quoting: Seeker of Truth


Everybody has different tastes, how can I possibly present for all individual tastes out there? I do still live here.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 09:48 AM
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Re: What do home buyers want?
If the place is full of Obama voters, they'll want it for free, and they want you to pay them to buy your house.

If the place is full of Romney voters, they won't buy a home from an Obama voter. Put a Romney/Ryan sign in the front yard and you'll get an uptick in traffic.
 Quoting: Anonymous Coward 18308331


I am a political atheist.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 09:50 AM
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Re: What do home buyers want?
Also wanted to add, we have oak hard wood floors, pella windows, central vac system, whole house fan......

Do people not care about quality?

It seems they would rather buy a less-quality house down the road if it is a few thousand cheaper.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Seeker of Truth

User ID: 9074179
United States
09/30/2012 09:52 AM

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Re: What do home buyers want?
They want a house they can see themselves living in, not a house they see you living in. You need to present it for their tastes, not yours.hf
 Quoting: Seeker of Truth


Everybody has different tastes, how can I possibly present for all individual tastes out there? I do still live here.
 Quoting: Shamar

Neutral colors mainly and declutter personal stuff. You basically need to Stage it.hf
'Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind.' - Dr. Seuss
'love has no opposite as it is the divine solvent that ends duality.' - m'Lord
'Be the love that you are' -m'Lord
The amount of love and good feelings you have at the end of your life is equal to the love and good feelings you create during your life.- mine
Yes, the things that others think, say, or do will sometimes hurt you— until they do
not anymore.What will get you from here to there most quickly is total honesty—
being willing to assert, acknowledge, and declare exactly how you feel about a thing.
Say your truth—kindly, but fully and completely. Live your truth, gently, but totally
and consistently. Change your truth easily and quickly when your experience brings
you new clarity.-God

[link to www.youtube.com]
Anonymous Coward
User ID: 11092051
United States
09/30/2012 09:53 AM
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Re: What do home buyers want?
I am in the home staging business this may be long but make sure you take what makes it YOUR house and put it AWAY personal pictures knick knacks just get a big old box and totally go into damage control mode. Next is the bathroom belive it or not the bathroom makes or breaks a sale I dont know why but it is a fact. Get all new bathroom rugs towels everything neatly and nicely fold the towels, make it feel like a hotel. Before somebody comes and has a walk through open all blinds shades what have you, you want as much light as possible in. Another important thing is check out the front door area since that is the first thing buyers see, add a mat paint your door depending on what type of door. Dont get discouraged by feedback.
FubarMan

User ID: 20621002
United States
09/30/2012 09:54 AM

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Re: What do home buyers want?
Also wanted to add, we have oak hard wood floors, pella windows, central vac system, whole house fan......

Do people not care about quality?

It seems they would rather buy a less-quality house down the road if it is a few thousand cheaper.
 Quoting: Shamar


Bingo, Cheaper! Seven months is a long time, what state are you in?
Shamar (OP)

User ID: 1479302
United States
09/30/2012 09:55 AM
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Re: What do home buyers want?
They want a house they can see themselves living in, not a house they see you living in. You need to present it for their tastes, not yours.hf
 Quoting: Seeker of Truth


Everybody has different tastes, how can I possibly present for all individual tastes out there? I do still live here.
 Quoting: Shamar

Neutral colors mainly and declutter personal stuff. You basically need to Stage it.hf
 Quoting: Seeker of Truth


We have taken out as much furniture and stuff as possible. Even now there is not enough sitting space when my kids come by. We have neutral colors pretty much everywhere, except the kitchen which needs to be painted , and one bedroom which is blue. The living main area is a very soft slate blue, which we thought was pretty neutral when we painted it, but now we see that it is not *neutral* enough. But it's PAINT for god's sake. PAINT.

Do people not have vision?
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 09:55 AM
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Re: What do home buyers want?
Also wanted to add, we have oak hard wood floors, pella windows, central vac system, whole house fan......

Do people not care about quality?

It seems they would rather buy a less-quality house down the road if it is a few thousand cheaper.
 Quoting: Shamar


Bingo, Cheaper! Seven months is a long time, what state are you in?
 Quoting: FubarMan


SW Ohio.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Fred
User ID: 24397363
United States
09/30/2012 09:56 AM
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Re: What do home buyers want?
Price is biggest consideration, neighborhood that isn't gang ridden or full of HOA busy bodies.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 09:57 AM
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Re: What do home buyers want?
I am in the home staging business this may be long but make sure you take what makes it YOUR house and put it AWAY personal pictures knick knacks just get a big old box and totally go into damage control mode. Next is the bathroom belive it or not the bathroom makes or breaks a sale I dont know why but it is a fact. Get all new bathroom rugs towels everything neatly and nicely fold the towels, make it feel like a hotel. Before somebody comes and has a walk through open all blinds shades what have you, you want as much light as possible in. Another important thing is check out the front door area since that is the first thing buyers see, add a mat paint your door depending on what type of door. Dont get discouraged by feedback.
 Quoting: Anonymous Coward 11092051


Thanks. I have done all that.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Fred
User ID: 24397363
United States
09/30/2012 09:58 AM
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Re: What do home buyers want?
Also wanted to add, we have oak hard wood floors, pella windows, central vac system, whole house fan......

Do people not care about quality?

It seems they would rather buy a less-quality house down the road if it is a few thousand cheaper.
 Quoting: Shamar


Quality isn't an option for many people, wages have fallen, jobs in some areas are hard to get and keep. Loans are now harder to get.
Anonymous Coward
User ID: 11092051
United States
09/30/2012 09:58 AM
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Re: What do home buyers want?
They want a house they can see themselves living in, not a house they see you living in. You need to present it for their tastes, not yours.hf
 Quoting: Seeker of Truth


Everybody has different tastes, how can I possibly present for all individual tastes out there? I do still live here.
 Quoting: Shamar

Neutral colors mainly and declutter personal stuff. You basically need to Stage it.hf
 Quoting: Seeker of Truth


We have taken out as much furniture and stuff as possible. Even now there is not enough sitting space when my kids come by. We have neutral colors pretty much everywhere, except the kitchen which needs to be painted , and one bedroom which is blue. The living main area is a very soft slate blue, which we thought was pretty neutral when we painted it, but now we see that it is not *neutral* enough. But it's PAINT for god's sake. PAINT.

Do people not have vision?
 Quoting: Shamar


Belive it or not home buyers respond better to white paint......people HATE seeing blues in a home I personally love blue you like blue I know its hard to stomach and white is plain but it may make a world of difference.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 09:58 AM
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Re: What do home buyers want?
Price is biggest consideration, neighborhood that isn't gang ridden or full of HOA busy bodies.
 Quoting: Fred 24397363


HOA busy bodies is an issue.

Like I said above, the listed price is $15,000 more than it was listed for when we bought it in 1991.

We have put more than $40,000 into the house that we will never see back.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 10:01 AM
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Re: What do home buyers want?
Also wanted to add, we have oak hard wood floors, pella windows, central vac system, whole house fan......

Do people not care about quality?

It seems they would rather buy a less-quality house down the road if it is a few thousand cheaper.
 Quoting: Shamar


Quality isn't an option for many people, wages have fallen, jobs in some areas are hard to get and keep. Loans are now harder to get.
 Quoting: Fred 24397363



wrong quote. sorry.

Last Edited by Shamar on 09/30/2012 10:01 AM
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 10:01 AM
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Re: What do home buyers want?
...


Everybody has different tastes, how can I possibly present for all individual tastes out there? I do still live here.
 Quoting: Shamar

Neutral colors mainly and declutter personal stuff. You basically need to Stage it.hf
 Quoting: Seeker of Truth


We have taken out as much furniture and stuff as possible. Even now there is not enough sitting space when my kids come by. We have neutral colors pretty much everywhere, except the kitchen which needs to be painted , and one bedroom which is blue. The living main area is a very soft slate blue, which we thought was pretty neutral when we painted it, but now we see that it is not *neutral* enough. But it's PAINT for god's sake. PAINT.

Do people not have vision?
 Quoting: Shamar


Belive it or not home buyers respond better to white paint......people HATE seeing blues in a home I personally love blue you like blue I know its hard to stomach and white is plain but it may make a world of difference.
 Quoting: Anonymous Coward 11092051


But it's frickn' PAINT. Work it into negotiations....I mean, we can factor in $1,000 for paint for heaven's sake.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Anonymous Coward
User ID: 11092051
United States
09/30/2012 10:02 AM
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Re: What do home buyers want?
I am in the home staging business this may be long but make sure you take what makes it YOUR house and put it AWAY personal pictures knick knacks just get a big old box and totally go into damage control mode. Next is the bathroom belive it or not the bathroom makes or breaks a sale I dont know why but it is a fact. Get all new bathroom rugs towels everything neatly and nicely fold the towels, make it feel like a hotel. Before somebody comes and has a walk through open all blinds shades what have you, you want as much light as possible in. Another important thing is check out the front door area since that is the first thing buyers see, add a mat paint your door depending on what type of door. Dont get discouraged by feedback.
 Quoting: Anonymous Coward 11092051


Thanks. I have done all that.
 Quoting: Shamar


Then the price is too high depending on the market not to be blunt if your selling a home in this economy expect to take a loss.
mkhay

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09/30/2012 10:02 AM
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Re: What do home buyers want?
Do people not have vision?

To say the least not many do even realturds... maybe that is your problem peace
Anonymous Coward
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09/30/2012 10:03 AM
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Re: What do home buyers want?
Ohio is good. It should sell. One thing hurting the entire mkt right now is the bank loan situation.
Anonymous Coward
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09/30/2012 10:03 AM
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Re: What do home buyers want?
Same boat here. Very frustrated. Thing is, they want granite counters, central vac, new driveway. Our house is CHEAP, but they say "Oh, you don't have all new (insert prior things I mentioned)."

Since you are asking...what they want is this:

A huge, completely refurbished house with master bath, walk-in closets, gorgeous addition, perfect landscaping, all-new everything AND they want to pay about $75K less than you paid when you purchased the home and put in $100K to have all of the above done to it.

Does that answer your question? It sucks but it is THE TRUTH. Homebuyers now are ridiculous. Hold on for a rough ride or just take it off the market and stay in it until you die. Once inventory dries up and they see how stupid they are being they'll come groveling to buy your house. Could take 5-10 years before that happens though.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 10:04 AM
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Re: What do home buyers want?
I am in the home staging business this may be long but make sure you take what makes it YOUR house and put it AWAY personal pictures knick knacks just get a big old box and totally go into damage control mode. Next is the bathroom belive it or not the bathroom makes or breaks a sale I dont know why but it is a fact. Get all new bathroom rugs towels everything neatly and nicely fold the towels, make it feel like a hotel. Before somebody comes and has a walk through open all blinds shades what have you, you want as much light as possible in. Another important thing is check out the front door area since that is the first thing buyers see, add a mat paint your door depending on what type of door. Dont get discouraged by feedback.
 Quoting: Anonymous Coward 11092051


Thanks. I have done all that.
 Quoting: Shamar


Then the price is too high depending on the market not to be blunt if your selling a home in this economy expect to take a loss.
 Quoting: Anonymous Coward 11092051


It's $15K higher than it was listed in 1991. It's priced at 2003 prices which is the standard for this area. It is not too high priced.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Anonymous Coward
User ID: 8036987
United States
09/30/2012 10:06 AM
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Re: What do home buyers want?
It's $15K higher than it was listed in 1991. It's priced at 2003 prices which is the standard for this area. It is not too high priced.
 Quoting: Shamar


Of course it's not, but in THEIR eyes it is. Just wait. Like I said once everyone starts taking their house off the market and the "inventory squeeze" begins you're going to see bidding wars and buyer's little heaven will quickly turn into hell. Already happening in some areas, one of my relatives is a realtor and she's knocking on doors trying to convince people who she knows kids have left for college to PLEASE SELL!
Shamar (OP)

User ID: 1479302
United States
09/30/2012 10:07 AM
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Re: What do home buyers want?
Same boat here. Very frustrated. Thing is, they want granite counters, central vac, new driveway. Our house is CHEAP, but they say "Oh, you don't have all new (insert prior things I mentioned)."

Since you are asking...what they want is this:

A huge, completely refurbished house with master bath, walk-in closets, gorgeous addition, perfect landscaping, all-new everything AND they want to pay about $75K less than you paid when you purchased the home and put in $100K to have all of the above done to it.

Does that answer your question? It sucks but it is THE TRUTH. Homebuyers now are ridiculous. Hold on for a rough ride or just take it off the market and stay in it until you die. Once inventory dries up and they see how stupid they are being they'll come groveling to buy your house. Could take 5-10 years before that happens though.
 Quoting: Anonymous Coward 8036987


^^^ THIS ^^^^

To add, we do have granite counter tops, new driveway, central vac, new bathrooms, new carpet, new paint inside and out, gorgeous, perfect landscaping with water gardens. Our house is one of the nicest in our community.

AND we are already goiing to take a huge loss on it even if we sell at current price.

Why won't people make an offer and negotiate on things?
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Anonymous Coward
User ID: 899040
United States
09/30/2012 10:08 AM
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Re: What do home buyers want?
How's the market by you OP?
Could be there are a lot of comparable bank own houses listed at a fraction of your asking price.
I live in a beautiful community on a lake.
I could never sell my house right now for what I paid for it because there are bank owned homes going for a third of what they sold for 5 years ago.
Shamar (OP)

User ID: 1479302
United States
09/30/2012 10:08 AM
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Re: What do home buyers want?
It's $15K higher than it was listed in 1991. It's priced at 2003 prices which is the standard for this area. It is not too high priced.
 Quoting: Shamar


Of course it's not, but in THEIR eyes it is. Just wait. Like I said once everyone starts taking their house off the market and the "inventory squeeze" begins you're going to see bidding wars and buyer's little heaven will quickly turn into hell. Already happening in some areas, one of my relatives is a realtor and she's knocking on doors trying to convince people who she knows kids have left for college to PLEASE SELL!
 Quoting: Anonymous Coward 8036987


Thank you....... sounds like wise words to me.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Anonymous Coward
User ID: 8036987
United States
09/30/2012 10:10 AM
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Re: What do home buyers want?
It's "black friday" mentality. People want a bargain. They don't want to pay anything and they still want the best. The only way to fight back is to wait it out. If you can afford to do so, take house off market another 6 months or HOLD TIGHT.

You will see, withing 6 months to a year, things begin to change. But do not be pressured. This is YOUR home and YOUR biggest investment. Unless it would lead to bankruptcy, I say hold it. Even if you have to take on a renter. Wait it out, and soon they will have no choice but to pay for the value they are being offered.
Shamar (OP)

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09/30/2012 10:10 AM
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Re: What do home buyers want?
How's the market by you OP?
Could be there are a lot of comparable bank own houses listed at a fraction of your asking price.
I live in a beautiful community on a lake.
I could never sell my house right now for what I paid for it because there are bank owned homes going for a third of what they sold for 5 years ago.
 Quoting: Anonymous Coward 899040


Things are moving.....some houses are going for a decent price, others are taking a beating.
Love is a state of Being. Your love is not outside; it is deep within you. You can never lose it, and it cannot leave you. You can feel the same life deep within every other human and every other creature. You look beyond the veil of form and separation. This is the realization of oneness. This is love. What is God? The Eternal One Life underneath all the forms of life. What is love? To feel the presence of that One Life deep within yourself and within all creatures. To be it. Therefore, all love is the love of God.

Death is a stripping away of all that is not you. The secret of life is to die before you die - and find that there is no death.
Anonymous Coward
User ID: 8036987
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09/30/2012 10:12 AM
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Re: What do home buyers want?
How's the market by you OP?
Could be there are a lot of comparable bank own houses listed at a fraction of your asking price.
I live in a beautiful community on a lake.
I could never sell my house right now for what I paid for it because there are bank owned homes going for a third of what they sold for 5 years ago.
 Quoting: Anonymous Coward 899040


I have been reading that these bank-owned properties are on the decline. In my area you can see it. Plus many of them actually ARE distressed though they may not look it on the outside. One right in my neighborhood was purchased for like $100K less than asking but had to be COMPLETELY gutted (and I mean, down to the studs). Spoke w/ a contractor who was filling the dumpster and he said their work for the new owner will amount to $150K.

So still, nothing's for free! Though people wish so

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