tskeeter
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Post by tskeeter on Jul 8, 2020 2:27:18 GMT -5
Here in NW NV homes, especially homes above the median price, are selling well. We’re experiencing another influx of folks from CA buying homes. Many indicate that they expect Gov. Newsom’s long list of new state programs to drive taxes up substantially. Couple very high taxes with onerous government regulation of businesses, and you don’t have an economic climate conducive retaining more affluent taxpayers.
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ohmomto2boys
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Post by ohmomto2boys on Jul 8, 2020 9:41:45 GMT -5
Houses are selling like crazy around here (NE Ohio). Typically within a couple days of going on-line. Some are getting more than asking price which is completely unheard of around here.
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Deleted
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Post by Deleted on Jul 8, 2020 10:16:04 GMT -5
Here in NW NV homes, especially homes above the median price, are selling well. We’re experiencing another influx of folks from CA buying homes. Many indicate that they expect Gov. Newsom’s long list of new state programs to drive taxes up substantially. Couple very high taxes with onerous government regulation of businesses, and you don’t have an economic climate conducive retaining more affluent taxpayers. Two of the couples from my old neighborhood that sold their properties this year moved to NW NV. I looked for a house in NV and couldn't find anywhere I could afford that wasn't way out in the middle of the desert. Oregon has the same problem. People moving up and into Oregon out of CA are driving up prices. I've met 5 people here in the last few months that moved here from CA. I can see this area filling up with ex-Californians at some point. This area reminds me a lot of the small towns near where I moved from. It's an old mill town with no more mill surrounded by massive ranches. Thanks to being the county seat, there's a fair number of government and other decent jobs here and the COL is very, very low. While there is not much crime or drugs here, I can see it coming.
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alabamagal
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Post by alabamagal on Jul 8, 2020 11:54:27 GMT -5
YDS and GF (soon to be fiancé ?) are looking to buy a first home in N Atlanta suburbs. He says inventory is low right now and not seeing much in their price range ($300-400k). They are saving down payment money now and will be more ready to buy in the fall. The stimulus money helped, went straight to savings, but they need a lot more than that targeting to have 10% ready for for downpayment, moving and furniture. YDS is real estate appraiser so knows a lot about market conditions. Hopefully interest rates stay low for a while. YDS pay is based on how many appraisals he does, and he has been super busy and making good $.
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nidena
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Post by nidena on Jul 8, 2020 18:43:22 GMT -5
Here in NW NV homes, especially homes above the median price, are selling well. We’re experiencing another influx of folks from CA buying homes. Many indicate that they expect Gov. Newsom’s long list of new state programs to drive taxes up substantially. Couple very high taxes with onerous government regulation of businesses, and you don’t have an economic climate conducive retaining more affluent taxpayers. And they're not cheap there. I looked at properties in Reno and Sparks and a craphole was $250,000+
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tskeeter
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Post by tskeeter on Jul 8, 2020 19:13:42 GMT -5
Here in NW NV homes, especially homes above the median price, are selling well. We’re experiencing another influx of folks from CA buying homes. Many indicate that they expect Gov. Newsom’s long list of new state programs to drive taxes up substantially. Couple very high taxes with onerous government regulation of businesses, and you don’t have an economic climate conducive retaining more affluent taxpayers. And they're not cheap there. I looked at properties in Reno and Sparks and a craphole was $250,000+ Yup. The median home price in Reno/Sparks is $403K. That gets you about an 1,800 square foot house. When your benchmark is Bay Area prices, $400K looks like a bargain. Many buyers who have sold relatively modest houses in the Bay Area have no problem paying cash for a million dollar house. Maybe that’s why $750K houses typically sell in less than 30 days. Right now, homes priced above the median are selling better than homes in the lower half of the market. It appears that COVID-19 stress on the economy is affecting the lower end of the market more than it is affecting people with stronger finances.
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nidena
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Post by nidena on Jul 8, 2020 19:40:00 GMT -5
And they're not cheap there. I looked at properties in Reno and Sparks and a craphole was $250,000+ Yup. The median home price in Reno/Sparks is $403K. That gets you about an 1,800 square foot house. When your benchmark is Bay Area prices, $400K looks like a bargain. Many buyers who have sold relatively modest houses in the Bay Area have no problem paying cash for a million dollar house. Maybe that’s why $750K houses typically sell in less than 30 days. Right now, homes priced above the median are selling better than homes in the lower half of the market. It appears that COVID-19 stress on the economy is affecting the lower end of the market more than it is affecting people with stronger finances. My dad and stepmom moved to Sparks back in 2002. It was one of the first housing developments in NE Sparks. Now, there are thousands upon thousands of homes. And almost no schools. It's ridiculous.
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Miss Tequila
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Post by Miss Tequila on Jul 8, 2020 19:51:44 GMT -5
Here in NW NV homes, especially homes above the median price, are selling well. We’re experiencing another influx of folks from CA buying homes. Many indicate that they expect Gov. Newsom’s long list of new state programs to drive taxes up substantially. Couple very high taxes with onerous government regulation of businesses, and you don’t have an economic climate conducive retaining more affluent taxpayers. Sadly, they won’t make the connection between high taxes, onerous government regulation and the way they vote. How long until they turn your area into another California??
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Tiny
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Post by Tiny on Jul 9, 2020 10:09:04 GMT -5
Here in NW NV homes, especially homes above the median price, are selling well. We’re experiencing another influx of folks from CA buying homes. Many indicate that they expect Gov. Newsom’s long list of new state programs to drive taxes up substantially. Couple very high taxes with onerous government regulation of businesses, and you don’t have an economic climate conducive retaining more affluent taxpayers. Sadly, they won’t make the connection between high taxes, onerous government regulation and the way they vote. How long until they turn your area into another California??I think you underestimate people's knowledge of how taxes work... especially in the business/political world. I'd guess it would take atleast two generations. Why wouldn't the first people to move there use taxes to their advantage? To give their kids the best public paid for education money can buy? To have infrastructure that benefits them/their property values? Why wouldn't they offer tax breaks to (their) businesses (so they have more profit)? Why wouldn't they use tax dollars to build anything that makes their lives better/puts money in their pockets/let's them have "nice things"? That's the way it works. Taxes don't get onerous until they are used to support the "low life scum" that eventually moves in OR when the population has to make good on the money they used. When places are shiny and new - the upper crusty people are more than happy to suck at the Federal Government teat for money to pay for the "nice things" they use or profit from... And if the new residents of these "LCOL" places don't need to use the schools or public spaces (like parks) or other government services (for basic services (like roads, street lights, sewer, water, etc...) They don't need to raise taxes. or even have taxes for those things. they won't be feeding/housing the poor with their tax dollars...
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formerroomate99
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Post by formerroomate99 on Jul 9, 2020 15:46:38 GMT -5
Houses in my neck of the woods sell in a week, because the economy is booming, and there are tons of California transplant’s moving in. The taxes are low, the schools are excellent, and it’s an easy place to do business.
But things weren’t always booming here. Most of my coworkers who grew up here were on food stamps as children. But since they, and most of their classmates, grew up in stable households, the schools could give them a good education on a shoestring budget. Because of this, it’s pretty common to see people working tech jobs with just a high school education. There’s a big difference between growing up poor and being raised by train wrecks.
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tskeeter
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Post by tskeeter on Jul 9, 2020 17:08:10 GMT -5
Yup. The median home price in Reno/Sparks is $403K. That gets you about an 1,800 square foot house. When your benchmark is Bay Area prices, $400K looks like a bargain. Many buyers who have sold relatively modest houses in the Bay Area have no problem paying cash for a million dollar house. Maybe that’s why $750K houses typically sell in less than 30 days. Right now, homes priced above the median are selling better than homes in the lower half of the market. It appears that COVID-19 stress on the economy is affecting the lower end of the market more than it is affecting people with stronger finances. My dad and stepmom moved to Sparks back in 2002. It was one of the first housing developments in NE Sparks. Now, there are thousands upon thousands of homes. And almost no schools. It's ridiculous. I think you need to look at things in a complete context. There is little doubt that in the last few years Reno/Sparks has bumped up against the design capacity of it's schools. In 2002, the population of Reno/Sparks was 267K people. In 2020, the population is 368K. An increase of nearly 38%. That's a lot of growth. During the same period, California's population grew by about 11.5% and the US population grew by about 6%. Much of the Reno area growth is driven by growth at the Tahoe-Reno Industrial Center over the last five years. The Tesla megafactory adds 15,000 jobs to the area. Then there is Switch, Google, Blockchain, and more than a dozen other businesses that have recently opened facilities at the Industrial Center, adding thousands more jobs. In 2002, NV had a school funding program that provided virtually unlimited funding for construction and renovation of schools. School districts could build whatever school they needed. And Reno/Sparks did build several schools. After a decade with an open check book, you'd think that you'd have all the classroom space you needed and then some, and that facilities would be in impeccable condition. Even so, as soon as the funding program for school construction ended in 2007, the local education community began to complain about the poor condition of the schools. An expose' article by the local paper identified a six inch by 3/4 inch chip in an exterior concrete stair, that plastic used to replace broken windows in one school had turned cloudy, and that one of more than 100 copier machines was out of service as examples of the poor condition of local education facilities. In a school district with more than 100 buildings, wouldn't you expect some maintenance issues to exist on any given day of the week? In 2016 local taxpayers approved a sales tax override to fund construction, expansion, and renovation of schools. Since then, 22 classrooms were added to one of the five existing high schools, two 1,400 student middle schools, and a 745 student elementary school have been constructed and opened. An additional middle school and an additional elementary school will open next month. Two 2,200 student high schools are currently under construction, one to replace an existing 1,500 student high school that was built in 1968 and an additional high school. In addition, the 1968 building is scheduled to be renovated for use as a Career and Technical Academy. Increasing the number of high schools from five to eight by 2023. I think that the "almost no schools" observation is a bit misleading. In the last four years, Reno/Sparks has added more classroom space than exists in most school districts in the country.
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nidena
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Post by nidena on Jul 9, 2020 17:41:11 GMT -5
My dad and stepmom moved to Sparks back in 2002. It was one of the first housing developments in NE Sparks. Now, there are thousands upon thousands of homes. And almost no schools. It's ridiculous. I think you need to look at things in a complete context. There is little doubt that in the last few years Reno/Sparks has bumped up against the design capacity of it's schools. In 2002, the population of Reno/Sparks was 267K people. In 2020, the population is 368K. An increase of nearly 38%. That's a lot of growth. During the same period, California's population grew by about 11.5% and the US population grew by about 6%. Much of the Reno area growth is driven by growth at the Tahoe-Reno Industrial Center over the last five years. The Tesla megafactory adds 15,000 jobs to the area. Then there is Switch, Google, Blockchain, and more than a dozen other businesses that have recently opened facilities at the Industrial Center, adding thousands more jobs. In 2002, NV had a school funding program that provided virtually unlimited funding for construction and renovation of schools. School districts could build whatever school they needed. And Reno/Sparks did build several schools. After a decade with an open check book, you'd think that you'd have all the classroom space you needed and then some, and that facilities would be in impeccable condition. Even so, as soon as the funding program for school construction ended in 2007, the local education community began to complain about the poor condition of the schools. An expose' article by the local paper identified a six inch by 3/4 inch chip in an exterior concrete stair, that plastic used to replace broken windows in one school had turned cloudy, and that one of more than 100 copier machines was out of service as examples of the poor condition of local education facilities. In a school district with more than 100 buildings, wouldn't you expect some maintenance issues to exist on any given day of the week? In 2016 local taxpayers approved a sales tax override to fund construction, expansion, and renovation of schools. Since then, 22 classrooms were added to one of the five existing high schools, two 1,400 student middle schools, and a 745 student elementary school have been constructed and opened. An additional middle school and an additional elementary school will open next month. Two 2,200 student high schools are currently under construction, one to replace an existing 1,500 student high school that was built in 1968 and an additional high school. In addition, the 1968 building is scheduled to be renovated for use as a Career and Technical Academy. Increasing the number of high schools from five to eight by 2023. I think that the "almost no schools" observation is a bit misleading. In the last four years, Reno/Sparks has added more classroom space than exists in most school districts in the country. I will amend: In the area north of Disc Ave (read: the 89436 zip code) there are almost no schools.
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tskeeter
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Post by tskeeter on Jul 10, 2020 1:06:44 GMT -5
I think you need to look at things in a complete context. There is little doubt that in the last few years Reno/Sparks has bumped up against the design capacity of it's schools. In 2002, the population of Reno/Sparks was 267K people. In 2020, the population is 368K. An increase of nearly 38%. That's a lot of growth. During the same period, California's population grew by about 11.5% and the US population grew by about 6%. Much of the Reno area growth is driven by growth at the Tahoe-Reno Industrial Center over the last five years. The Tesla megafactory adds 15,000 jobs to the area. Then there is Switch, Google, Blockchain, and more than a dozen other businesses that have recently opened facilities at the Industrial Center, adding thousands more jobs. In 2002, NV had a school funding program that provided virtually unlimited funding for construction and renovation of schools. School districts could build whatever school they needed. And Reno/Sparks did build several schools. After a decade with an open check book, you'd think that you'd have all the classroom space you needed and then some, and that facilities would be in impeccable condition. Even so, as soon as the funding program for school construction ended in 2007, the local education community began to complain about the poor condition of the schools. An expose' article by the local paper identified a six inch by 3/4 inch chip in an exterior concrete stair, that plastic used to replace broken windows in one school had turned cloudy, and that one of more than 100 copier machines was out of service as examples of the poor condition of local education facilities. In a school district with more than 100 buildings, wouldn't you expect some maintenance issues to exist on any given day of the week? In 2016 local taxpayers approved a sales tax override to fund construction, expansion, and renovation of schools. Since then, 22 classrooms were added to one of the five existing high schools, two 1,400 student middle schools, and a 745 student elementary school have been constructed and opened. An additional middle school and an additional elementary school will open next month. Two 2,200 student high schools are currently under construction, one to replace an existing 1,500 student high school that was built in 1968 and an additional high school. In addition, the 1968 building is scheduled to be renovated for use as a Career and Technical Academy. Increasing the number of high schools from five to eight by 2023. I think that the "almost no schools" observation is a bit misleading. In the last four years, Reno/Sparks has added more classroom space than exists in most school districts in the country. I will amend: In the area north of Disc Ave (read: the 89436 zip code) there are almost no schools. Spanish Springs high School, Van Gorder Elementary, Spanish Springs Elementary, Shaw Middle, Taylor Elementary, Beasley Elementary, Bohach Elementary, Hall Elementary, Sepulveda Elementary, & Sky Ranch Middle are all north of Disc Drive In Spanish Springs. Ten schools in an area roughly three miles by six miles.
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nidena
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Post by nidena on Jul 10, 2020 7:23:20 GMT -5
I will amend: In the area north of Disc Ave (read: the 89436 zip code) there are almost no schools. Spanish Springs high School, Van Gorder Elementary, Spanish Springs Elementary, Shaw Middle, Taylor Elementary, Beasley Elementary, Bohach Elementary, Hall Elementary, Sepulveda Elementary, & Sky Ranch Middle are all north of Disc Drive In Spanish Springs. Ten schools in an area roughly three miles by six miles. I will concede this round.
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violagirl
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Post by violagirl on Jul 14, 2020 12:23:45 GMT -5
I too was surprised by the amount of house sales happening in my area. Things did drop off a bit March and April but I've never seen 500K+ houses sell so fast! Usually in our area if you put a house on the market you would expect it to take a couple of months and to sell at least 10k below asking. And houses over 500k could take years to sell. But houses are selling in days not months and especially in the 150k-300k range you basically have to get there the first day and offer above asking
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chiver78
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Post by chiver78 on Jul 14, 2020 13:50:44 GMT -5
I'm actually getting into a place on Thursday that wasn't supposed to start showings until Friday. I've been forewarned that the basement is scary, too. awesome.
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Tiny
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Post by Tiny on Jul 14, 2020 13:55:20 GMT -5
I'm actually getting into a place on Thursday that wasn't supposed to start showings until Friday. I've been forewarned that the basement is scary, too. awesome. ooooo is it habitable? or "frozen in time" or just not yet cleaned out and all the rooms painted gray? It sounds exciting!
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chiver78
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Post by chiver78 on Jul 14, 2020 13:58:05 GMT -5
the house is fine, just older. it's only the basement that's supposedly scary. that doesn't necessarily worry me b/c I can clean it out completely once I'm there, if I decide to buy that house. but it was nice to have a heads up to pack something other than flip flops to wear into that particular listing. that said, this is a listing that I keep seeing on zillow, that my realtor cannot find in MLS anywhere. this is the actual listing agent's website, where it says in-person showings are unavailable. when I chat with my agent next, I'm going to give him this link and see if he can find out more about this. on paper, it's a high contender for me....it's adorable! link
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Cookies Galore
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Post by Cookies Galore on Jul 14, 2020 14:12:54 GMT -5
I'm actually getting into a place on Thursday that wasn't supposed to start showings until Friday. I've been forewarned that the basement is scary, too. awesome. I have a scary basement (house built 1911)! The rest of the house is totally normal, lol. Definitely looking forward to the day we do the mudroom demo and bring the laundry upstairs.
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lynnerself
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Post by lynnerself on Jul 14, 2020 16:38:47 GMT -5
DS has finally started looking for a house (probably townhouse or condo) in Seattle. I guess the market has dropped a little.
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Lizard Queen
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Post by Lizard Queen on Jul 14, 2020 17:11:56 GMT -5
the house is fine, just older. it's only the basement that's supposedly scary. that doesn't necessarily worry me b/c I can clean it out completely once I'm there, if I decide to buy that house. but it was nice to have a heads up to pack something other than flip flops to wear into that particular listing. that said, this is a listing that I keep seeing on zillow, that my realtor cannot find in MLS anywhere. this is the actual listing agent's website, where it says in-person showings are unavailable. when I chat with my agent next, I'm going to give him this link and see if he can find out more about this. on paper, it's a high contender for me....it's adorable! linkI love a lot about that house. The pics of the basement don't look bad, but perhaps a bit cluttered. I do not like a scary basement. When I was house hunting, I'd head straight to the basement first to see whether I should bother with the rest of the house. I didn't want to buy something with foundation issues. I'm not sure about the layout of the kitchen. It does not look easy to use--big open space with no island to put stuff on or use for prep. I've just always found that setup really awkward. Also am not impressed by electric fireplaces. Otherwise, I think it's gorgeous.
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chiver78
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Post by chiver78 on Jul 14, 2020 17:46:46 GMT -5
ooh, the linked listing isn't the scary basement. I can put that one up if anyone is interested, I'm more in love with the location of said scary basement than the actual house that I can update over time. and then there was a house that popped.up this afternoon in a pretty untouchable town that I asked my realtor to find out more about. for the MA crew, it starts with Deluxe....!?
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countrygirl2
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Post by countrygirl2 on Jul 14, 2020 18:15:55 GMT -5
I love that place and their color scheme is just so fresh and pretty. I was going to say didn't see anything scary about that basement.
but I love that house. Hubs would be cutting all that shrubbery away from front first thing though.
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Jul 14, 2020 18:47:11 GMT -5
the house is fine, just older. it's only the basement that's supposedly scary. that doesn't necessarily worry me b/c I can clean it out completely once I'm there, if I decide to buy that house. but it was nice to have a heads up to pack something other than flip flops to wear into that particular listing. that said, this is a listing that I keep seeing on zillow, that my realtor cannot find in MLS anywhere. this is the actual listing agent's website, where it says in-person showings are unavailable. when I chat with my agent next, I'm going to give him this link and see if he can find out more about this. on paper, it's a high contender for me....it's adorable! linkYou’re up to more if that commute?
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Jul 14, 2020 18:50:32 GMT -5
the house is fine, just older. it's only the basement that's supposedly scary. that doesn't necessarily worry me b/c I can clean it out completely once I'm there, if I decide to buy that house. but it was nice to have a heads up to pack something other than flip flops to wear into that particular listing. that said, this is a listing that I keep seeing on zillow, that my realtor cannot find in MLS anywhere. this is the actual listing agent's website, where it says in-person showings are unavailable. when I chat with my agent next, I'm going to give him this link and see if he can find out more about this. on paper, it's a high contender for me....it's adorable! linkDoes scary mean wet?
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chiver78
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Post by chiver78 on Jul 14, 2020 18:59:07 GMT -5
idk exactly what scary means, just yet. 🤷♀️ that's why I'll go look at it. as far as rhe commute, where I'm looking is half an hour away from my old house, at least. and no Cape Cod redneck MAGAt. 😉
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Cookies Galore
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Post by Cookies Galore on Jul 14, 2020 19:25:30 GMT -5
the house is fine, just older. it's only the basement that's supposedly scary. that doesn't necessarily worry me b/c I can clean it out completely once I'm there, if I decide to buy that house. but it was nice to have a heads up to pack something other than flip flops to wear into that particular listing. that said, this is a listing that I keep seeing on zillow, that my realtor cannot find in MLS anywhere. this is the actual listing agent's website, where it says in-person showings are unavailable. when I chat with my agent next, I'm going to give him this link and see if he can find out more about this. on paper, it's a high contender for me....it's adorable! linkI love a lot about that house. The pics of the basement don't look bad, but perhaps a bit cluttered. I do not like a scary basement. When I was house hunting, I'd head straight to the basement first to see whether I should bother with the rest of the house. I didn't want to buy something with foundation issues. I'm not sure about the layout of the kitchen. It does not look easy to use--big open space with no island to put stuff on or use for prep. I've just always found that setup really awkward. Also am not impressed by electric fireplaces. Otherwise, I think it's gorgeous. It's not like you can't buy/install an island. We have a moveable one. Perfect for when we have parties and... remember parties?!?! Those were good times. Haha.
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Lizard Queen
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Post by Lizard Queen on Jul 14, 2020 19:37:26 GMT -5
I love a lot about that house. The pics of the basement don't look bad, but perhaps a bit cluttered. I do not like a scary basement. When I was house hunting, I'd head straight to the basement first to see whether I should bother with the rest of the house. I didn't want to buy something with foundation issues. I'm not sure about the layout of the kitchen. It does not look easy to use--big open space with no island to put stuff on or use for prep. I've just always found that setup really awkward. Also am not impressed by electric fireplaces. Otherwise, I think it's gorgeous. It's not like you can't buy/install an island. We have a moveable one. Perfect for when we have parties and... remember parties?!?! Those were good times. Haha. Yeah, I was trying to figure out if that would work with the layout. It's so hard to see in these pictures, but now that I looked again, I think there is a separate dining room, so you probably could do a big island with seating, and do away with the little table in the kitchen.
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Jul 14, 2020 20:15:58 GMT -5
the house is fine, just older. it's only the basement that's supposedly scary. that doesn't necessarily worry me b/c I can clean it out completely once I'm there, if I decide to buy that house. but it was nice to have a heads up to pack something other than flip flops to wear into that particular listing. that said, this is a listing that I keep seeing on zillow, that my realtor cannot find in MLS anywhere. this is the actual listing agent's website, where it says in-person showings are unavailable. when I chat with my agent next, I'm going to give him this link and see if he can find out more about this. on paper, it's a high contender for me....it's adorable! linkI love a lot about that house. The pics of the basement don't look bad, but perhaps a bit cluttered. I do not like a scary basement. When I was house hunting, I'd head straight to the basement first to see whether I should bother with the rest of the house. I didn't want to buy something with foundation issues. I'm not sure about the layout of the kitchen. It does not look easy to use--big open space with no island to put stuff on or use for prep. I've just always found that setup really awkward. Also am not impressed by electric fireplaces. Otherwise, I think it's gorgeous. Yeah, the stove is off by itself. Not my preference, but maybe the kitchen could be tweaked.
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Jul 14, 2020 20:17:28 GMT -5
ooh, the linked listing isn't the scary basement. I can put that one up if anyone is interested, I'm more in love with the location of said scary basement than the actual house that I can update over time. and then there was a house that popped.up this afternoon in a pretty untouchable town that I asked my realtor to find out more about. for the MA crew, it starts with Deluxe....!? Hmmm...affordable in that Deluxe town is interesting...
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