chiver78
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Post by chiver78 on Jul 14, 2020 20:49:27 GMT -5
if I dont remember to PM you the link in the am, remind me. I don't remwmber the exact address and I'm on my phone as i fade out.
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countrygirl2
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Post by countrygirl2 on Jul 14, 2020 20:49:32 GMT -5
I am feeling bad tonight. I have put off selling the Texas property forever. But the lady has known it was coming for years. I didn't sell it a few years ago, at one time I offered it to her for $30k and it was no. She should have bought it. Couple years later she wanted it for that price, well no had been offered more.
The investor called this evening and gave me a figure higher then I asked, not by much but higher. But he does not want to deal with the tenants and the old trailer.
We don't know if it will be a done deal with him or not, doesn't matter, the offer he made is probably lower then we can get so if he doesn't take it that's fine. I doubt he wants to wait the time it will take to have them move. I told her if he does not take it we are listing it with a realtor to be sold anyway, so it is sold one way or another. So I got up my courage and called the people, I knew this was going to be a bad conversation.
Of course she was very upset, I expected that. I told her they find a place and we will pay for the move up to a certain dollar amount. I did not say the amount, and we will pay jointly to them and the mover. (But I doubt it can be moved.) I also offered to buy it, but she was not interested in what I offered. I told her we will give them till the first of October to move. She wanted longer, I said no. She said I'm going to be homeless, I told her I was very sorry and was why we put it off for so long but at 75 we are done there. I told her talk it over, see what they can do. I also told her I talked to the guy and tried to negotiate for them to stay and he said no way for $250 a month. It has been a verbal month to month all these many years. I told her tonight, you have had a heck of a deal there for years. She could not deny that. She said well this lot is wet, I said that is his problem not mine.
She wanted to know how much and maybe she could get a loan. I hated to say the price but did, I doubt they can get a loan. But what we would give them for it, she could pay down on another old trailer somewhere and make some payments. They only paid $3,000 for it and I offered her more then that, I know what they paid the other people.
I figure she will get a lawyer or whatever. We are not asking her to move this month or anything. But if the covid thing continues we will just list it after that. We have made up our minds to sell it so its gone either now or later. I gave them till October 1 to move. I also told her I will send a certified letter telling them how long they have to move, that we will pay for moving the mobile with a limit, we didn't set a dollar amount but will pay so much. Hubs figures $3k at the min, maybe more. But I don't know of a park that will take a 40 year old trailer. She claims she had new windows and something else done, not sure what. Like I told her you have rented all these years and knew someday this would happen.
That area is one of the most expensive pieces of real estate around. I saw lots there of not quite an acre for $800k listed and this is a third of an acre. So they have lived in a VERY nice area for all these years for next to nothing. And no I don't feel good about it at all.
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Jul 14, 2020 20:54:18 GMT -5
if I dont remember to PM you the link in the am, remind me. I don't remwmber the exact address and I'm on my phone as i fade out. I’m a creepy internet stranger — I already found it. 😂
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chiver78
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Post by chiver78 on Jul 15, 2020 4:18:00 GMT -5
if I dont remember to PM you the link in the am, remind me. I don't remwmber the exact address and I'm on my phone as i fade out. I’m a creepy internet stranger — I already found it. 😂 and what do you think? intriguing possibility for sure.
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Jul 15, 2020 6:09:19 GMT -5
I’m a creepy internet stranger — I already found it. 😂 and what do you think? intriguing possibility for sure. Definitely worth a look! Busy road?
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Jul 15, 2020 6:24:38 GMT -5
I’m a creepy internet stranger — I already found it. 😂 and what do you think? intriguing possibility for sure. Oh, and it is similar in interior style and decor to you Cape place but in a hopefully nicer town.
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Tiny
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Post by Tiny on Jul 15, 2020 6:43:07 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. I think the basement has a really low ceiling... it looks like the door has about 5 taken off the bottom of it and there isn't any actual adult sized furniture down there. It may not be a concern depending on the height of the people using the basement. Yes, I'm short (5'2") but living with 6 foot plus giants. It's a cute house though - it's has some spaces that I'd need to see in person before making a decision (not sure how I feel about the raised "walk way" in the living room and that second bathroom is tiny (and may be a "handyman special creation"... and the toilet under the eves thinking bumped head if not careful (or if the user is tall) ) I'm also not sure how I feel about that awesome pool and patios at the back of the property so very close to the property line and under the watchful eyes of the Neighbor's "coach house"? which is so close to the property line on their side of the fence.
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wvugurl26
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Post by wvugurl26 on Jul 15, 2020 6:46:24 GMT -5
I love the inside colors in the house you linked chiver78. I haven't seen much for sale in my neighborhood. The one down the street sold pretty much immediately. Things turned over pretty quickly last year in our neighborhood.
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chiver78
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Post by chiver78 on Jul 15, 2020 6:48:33 GMT -5
and what do you think? intriguing possibility for sure. Definitely worth a look! Busy road? Nope, side street off a not very busy main road. I think I actually turned around on that street when I got lost one afternoon, looking for a place to have a late lunch before picking the pups up at daycare one exit up the highway. and yes, very similar styling to my old place, which is really convenient. and WAY nicer town.
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chiver78
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Post by chiver78 on Jul 15, 2020 6:52:49 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. I think the basement has a really low ceiling... it looks like the door has about 5 taken off the bottom of it and there isn't any actual adult sized furniture down there. It may not be a concern depending on the height of the people using the basement. Yes, I'm short (5'2") but living with 6 foot plus giants. It's a cute house though - it's has some spaces that I'd need to see in person before making a decision (not sure how I feel about the raised "walk way" in the living room and that second bathroom is tiny (and may be a "handyman special creation"... and the toilet under the eves thinking bumped head if not careful (or if the user is tall) ) I'm also not sure how I feel about that awesome pool and patios at the back of the property so very close to the property line and under the watchful eyes of the Neighbor's "coach house"? which is so close to the property line on their side of the fence. I noticed that about the basement, too. and had questions about the backyard pool/patio area as well. I don't love that it seems to be virtual tour only, esp for being that old. I feel like that's probably why it's been listed so long, that people are gun-shy on buying blind at that age/price. my agent has gotten confirmation to tour two houses prior to their "no showings until..." dates, maybe he can get us in this one as well.
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andi9899
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Post by andi9899 on Jul 15, 2020 6:54:02 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! linkOoh! I like this one. Can I come stay with you? 😎
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Cookies Galore
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Post by Cookies Galore on Jul 15, 2020 8:04:19 GMT -5
This thread made me curious to check out the current housing stock. I live in a densely-packed small town (0.8 square mile, 4500 people) in a highly populated county in a major metro area. Right now, there are 20 houses for sale and they run the gamut from low $100k old stock in need of an interior demo and renovation to $400-$500k new build. Lots of $200k-$300k old stock houses in between.
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seriousthistime
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Post by seriousthistime on Jul 15, 2020 9:23:08 GMT -5
I am feeling bad tonight. I have put off selling the Texas property forever. But the lady has known it was coming for years. I didn't sell it a few years ago, at one time I offered it to her for $30k and it was no. She should have bought it. Couple years later she wanted it for that price, well no had been offered more. The investor called this evening and gave me a figure higher then I asked, not by much but higher. But he does not want to deal with the tenants and the old trailer. We don't know if it will be a done deal with him or not, doesn't matter, the offer he made is probably lower then we can get so if he doesn't take it that's fine. I doubt he wants to wait the time it will take to have them move. I told her if he does not take it we are listing it with a realtor to be sold anyway, so it is sold one way or another. So I got up my courage and called the people, I knew this was going to be a bad conversation. Of course she was very upset, I expected that. I told her they find a place and we will pay for the move up to a certain dollar amount. I did not say the amount, and we will pay jointly to them and the mover. (But I doubt it can be moved.) I also offered to buy it, but she was not interested in what I offered. I told her we will give them till the first of October to move. She wanted longer, I said no. She said I'm going to be homeless, I told her I was very sorry and was why we put it off for so long but at 75 we are done there. I told her talk it over, see what they can do. I also told her I talked to the guy and tried to negotiate for them to stay and he said no way for $250 a month. It has been a verbal month to month all these many years. I told her tonight, you have had a heck of a deal there for years. She could not deny that. She said well this lot is wet, I said that is his problem not mine. She wanted to know how much and maybe she could get a loan. I hated to say the price but did, I doubt they can get a loan. But what we would give them for it, she could pay down on another old trailer somewhere and make some payments. They only paid $3,000 for it and I offered her more then that, I know what they paid the other people. I figure she will get a lawyer or whatever. We are not asking her to move this month or anything. But if the covid thing continues we will just list it after that. We have made up our minds to sell it so its gone either now or later. I gave them till October 1 to move. I also told her I will send a certified letter telling them how long they have to move, that we will pay for moving the mobile with a limit, we didn't set a dollar amount but will pay so much. Hubs figures $3k at the min, maybe more. But I don't know of a park that will take a 40 year old trailer. She claims she had new windows and something else done, not sure what. Like I told her you have rented all these years and knew someday this would happen. That area is one of the most expensive pieces of real estate around. I saw lots there of not quite an acre for $800k listed and this is a third of an acre. So they have lived in a VERY nice area for all these years for next to nothing. And no I don't feel good about it at all. I know how you feel. Years ago when I was going through a divorce, we had to sell a house we used to live in and then turned into a rental. The tenants (husband, wife, one kid) seemed stable. But over time he took up with another woman, they divorced, he quit his job and went back to school, and she didn't get much child support from him. She had a string of men she was involved with, they'd move in and help her with the rent, and then they'd break up and she'd be late on the rent until the next guy came along. Eventually I agreed to take half the rent on each of her paydays (twice a month). I never raised the rent, over 6 or 7 years. When it came time to renew the lease, I finally did raise it $100 per month (from like $750 to $850) and she couldn't afford it. She had no money for a deposit so I agreed to use her security deposit for the last month's rent. They had discontinued the trash service because she hadn't paid it. They ended up moving bags and bags of trash to the new place. And I ended up spending three solid days just cleaning the house of cigarette smoke residue and lack of cleaning over the years. And then her sister lived in the town I was living in at the time, and I heard from others who attended the rec center's baseball games that I was being badmouthed for raising her sister's rent way too high and forcing her out of the place she'd lived in all those years. With all other tenants that followed, I raised the rent every year. Tenants expect an increase. When you don't increase the rent annually, they resent it when you finally do.
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chiver78
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Post by chiver78 on Jul 15, 2020 10:27:13 GMT -5
I think the basement has a really low ceiling... it looks like the door has about 5 taken off the bottom of it and there isn't any actual adult sized furniture down there. It may not be a concern depending on the height of the people using the basement. Yes, I'm short (5'2") but living with 6 foot plus giants. It's a cute house though - it's has some spaces that I'd need to see in person before making a decision (not sure how I feel about the raised "walk way" in the living room and that second bathroom is tiny (and may be a "handyman special creation"... and the toilet under the eves thinking bumped head if not careful (or if the user is tall) ) I'm also not sure how I feel about that awesome pool and patios at the back of the property so very close to the property line and under the watchful eyes of the Neighbor's "coach house"? which is so close to the property line on their side of the fence. I noticed that about the basement, too. and had questions about the backyard pool/patio area as well. I don't love that it seems to be virtual tour only, esp for being that old. I feel like that's probably why it's been listed so long, that people are gun-shy on buying blind at that age/price. my agent has gotten confirmation to tour two houses prior to their "no showings until..." dates, maybe he can get us in this one as well. so this one apparently has an accepted offer. boo. my agent asked them to call him immediately if the offer falls through.
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countrygirl2
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Post by countrygirl2 on Jul 15, 2020 17:53:30 GMT -5
Even if those folks had only saved $50 a month over all the years they were there, they could have had a down payment for something. Like I told her, you knew we were going to sell it and we kept it way longer then intended.
It would not surprise me if they try to get a lawyer. If they do and they let them stay for some reason, I will start raising the rent to market. I looked up north of there and a mobile and lot is $1200 to $1600. I will have to see what the market there is. Frisco, Texas is one very high dollar place and this is close to the lake. We expected problems, why we hated to have to start the process. But hubs and I had both agreed before the guy called we were going to start on selling it. I don't really want the trailer, it will cost us to have it hauled off and disposed of or hubs will have to go down and get dumpsters and cut it up to have it hauled off. But I'm not going to hurt their feelings. I only said we have no need of it and will just have to get rid of it as the buyer is going to build or put a new one on it.
It's a pain on our taxes, the property taxes are high and likely to go higher. It's only worth what we can sell it for in reality. I feel bad but we are selling it one way or another. They put up a fence some time back. Hubs and I figure the back yard is full of junk and old vehicles.
I told hubs, its like the other one in Texas we sold. We were trying to let the old ladies stay till we sold and they would not let people in to see "their" houses. So we had to evict them. They could not have afforded the higher rent anyway. But both had to move in with family, they were priced out of the market. I just don't know what poor people are doing for housing.
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Deleted
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Post by Deleted on Jul 15, 2020 18:29:49 GMT -5
That area is one of the most expensive pieces of real estate around. I saw lots there of not quite an acre for $800k listed and this is a third of an acre. So they have lived in a VERY nice area for all these years for next to nothing. And no I don't feel good about it at all. Don't feel bad- they knew it was coming, they knew they were paying below market and they didn't plan for it to end. Think of the number Phil would come up with if you accumulated the difference between market rent and the $250 they paid over their tenancy at some reasonable rate of return! In effect, you've "given" them that- and now you're offering to help pay to move their trailer, too. If this is a married couple living only on SS, what's going to happen when one of them dies and SS income drops by 1/3? I do feel bad for older people who won't move from wherever they are because they can't afford it. Subsidized senior housing will help in some cases.
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countrygirl2
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Post by countrygirl2 on Jul 15, 2020 18:44:32 GMT -5
I don't know how old they are. Never have even met them, just talk on the phone once in a great while. Wouldn't surprise me if kids and grandkids, live with them I have no idea.
But we have been offered $65k for it. I think I might get $85k for it, but will take the other. I doubt the buyer waits 2 1/2 months, nothing in that area is for sale that cheap so don't think it would be an issue. Hubs said if we can't sell it will just rent it to someone at market price. Our estate will eventually take care of it. but we would rather sell it.
I pulled it up, looks like the worse place in the subdivision.
It's certainly not an area for poor people. Wonder where the Walmart type workers down there live?
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TheOtherMe
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Post by TheOtherMe on Jul 15, 2020 18:48:52 GMT -5
I hope houses in Ames, Iowa are selling quickly as a very nice house in the $500,000 range will be going on the market very soon.
I saw one for sale sign on the street.
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Deleted
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Post by Deleted on Jul 16, 2020 7:32:03 GMT -5
I don't see frantic activity here (Kansas City suburb) but I'm not actively looking. Our neighborhood has 46 houses and typically 2 or 3 turn over in a year- none on the market now.
I did hear an interesting aspect of this in a BBC podcast on "Working from Home: Winners and Losers". Small rural towns that have been fading as older residents die, their kids and grandkids move elsewhere in search of better jobs and the small retailers dry up because everyone shops on-line or at Wal-Mart, are offering incentives to attract teleworkers. One woman moved from NYC to somewhere in Alabama and was given a $10,000 payment. She was happy that she could afford a house in her new town.
I see a lot of pluses: stable tax revenues from people with good jobs, a healthier real estate market, medical facilities have more patients with adequate insurance. I wonder about whether it will change the culture or local people will be priced out of the housing market or the "refugees" from big cities become a clique.
And what happens if the pendulum swings back to companies wanting you in the office again?
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emma1420
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Post by emma1420 on Jul 16, 2020 12:38:08 GMT -5
I don't see frantic activity here (Kansas City suburb) but I'm not actively looking. Our neighborhood has 46 houses and typically 2 or 3 turn over in a year- none on the market now. I did hear an interesting aspect of this in a BBC podcast on "Working from Home: Winners and Losers". Small rural towns that have been fading as older residents die, their kids and grandkids move elsewhere in search of better jobs and the small retailers dry up because everyone shops on-line or at Wal-Mart, are offering incentives to attract teleworkers. One woman moved from NYC to somewhere in Alabama and was given a $10,000 payment. She was happy that she could afford a house in her new town. I see a lot of pluses: stable tax revenues from people with good jobs, a healthier real estate market, medical facilities have more patients with adequate insurance. I wonder about whether it will change the culture or local people will be priced out of the housing market or the "refugees" from big cities become a clique. And what happens if the pendulum swings back to companies wanting you in the office again? I'm in the same metro area. In my area, any house in good shape that is listed for under 300K goes under contract typically within a week. Inventory is still low. Houses above the 300-400K mark seem to be sitting. I am curious about the WFH situation. Before the pandemic I was planning on going to work for a competing company that is 100% remote. My plan was to move to a small rural town to cut down on housing costs. That opportunity dried up once the pandemic hit, and my current employer isn't going to go 100% remote, I do wonder if there will be more jobs available like that. I think there are many employers who may have realized that their employees are just as productive (if not more) at home, and if they go to all remote or mostly remote they can cut down on a lot of their overhead costs. I will be curious to see what the housing market does in six months to a year, when evictions and foreclosures are happening. But, I'm more curious about commercial real estate and if that market crashes.
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countrygirl2
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Post by countrygirl2 on Jul 17, 2020 15:57:34 GMT -5
I sent the certified letter today. We offered up to $5k to move it or $5k to buy it and has till Oct 1 to do so. A 1982 trailer is not worth $5000, then we have to dispose of it. If she will take neither, we are going to start raising the rent to market. This year will be $100 a month, its so far behind, then $50 a year raise until we get to market rent. As hubs said then when we tell them to leave will offer them nothing, just an eviction notice.
I don't expect to hear from the buyer again and that is ok. Hubs said if need be we can rerent it for market value and then he doesn't care if we keep it. But we would rather not do this.
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Ava
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Post by Ava on Jul 17, 2020 22:13:40 GMT -5
I hope houses in Ames, Iowa are selling quickly as a very nice house in the $500,000 range will be going on the market very soon. I saw one for sale sign on the street. Wait, would that be your house? Are you moving?
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TheOtherMe
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Post by TheOtherMe on Jul 18, 2020 7:51:46 GMT -5
Ava No, I am not moving. My nephew, his wife and baby are. I don't live in Ames. I just want their house to sell quickly.
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countrygirl2
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Post by countrygirl2 on Jul 18, 2020 10:14:21 GMT -5
Now I'm concerned they sell the mobile to someone and don't tell us. Then we still have to have it moved. It's so expensive to live there I suppose someone gullible would buy it. That is what happened before, the people that owned it sold it then told me about it. I was not happy.
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seriousthistime
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Post by seriousthistime on Jul 18, 2020 10:34:21 GMT -5
Now I'm concerned they sell the mobile to someone and don't tell us. Then we still have to have it moved. It's so expensive to live there I suppose someone gullible would buy it. That is what happened before, the people that owned it sold it then told me about it. I was not happy. How would they find a buyer that would pay more for the mobile than you have offered them? They don't sound like they're in a position to take a lower offer on the mobile just to stick it to you.
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countrygirl2
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Post by countrygirl2 on Jul 18, 2020 10:45:19 GMT -5
This will sound rascist to many, but a lot of the hispanics down there save and pay cash for everything. And a lot live in that area, there are at least 2 older trailer areas that have hung in there. Though from looking at the road view, looks like a lot of newer mobiles out there too. I know from looking at the property tax rolls there, a lot of hispanic folks own there. but the places they have bought are very nice. I doubt if many of those lots are rented, I think most are owned. They likely could, but I would hope that they don't misrepresent the lot. I found one place that it says will pull the trailer in if not to far away and rent it. But its in Balch Springs on the east side of Houston, not a very good area. And the rent there is $510 a month.
I would hate to see someone undocumented get taken advantage of, they couldn't even sue to get their money back. but hope this doesn't happen and I'm just worrying about nothing.
I'm sure anybody with kids would love to get their kids in those schools, a new elementary just down the road. I'm sure the education there is beyond excellent.
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mamasita99
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Post by mamasita99 on Jul 18, 2020 18:59:45 GMT -5
This will sound rascist to many, but a lot of the hispanics down there save and pay cash for everything. And a lot live in that area, there are at least 2 older trailer areas that have hung in there. Though from looking at the road view, looks like a lot of newer mobiles out there too. I know from looking at the property tax rolls there, a lot of hispanic folks own there. but the places they have bought are very nice. I doubt if many of those lots are rented, I think most are owned. They likely could, but I would hope that they don't misrepresent the lot. I found one place that it says will pull the trailer in if not to far away and rent it. But its in Balch Springs on the east side of Houston, not a very good area. And the rent there is $510 a month. I would hate to see someone undocumented get taken advantage of, they couldn't even sue to get their money back. but hope this doesn't happen and I'm just worrying about nothing. I'm sure anybody with kids would love to get their kids in those schools, a new elementary just down the road. I'm sure the education there is beyond excellent. If this is a real concern, maybe there is some way that you can post a sign or something on your property, something like ‘private land, for information regarding this property contact XYZ...’ Something to indicate that the land itself is owned by someone.
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seriousthistime
Senior Member
Joined: Dec 22, 2010 20:27:07 GMT -5
Posts: 4,707
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Post by seriousthistime on Jul 18, 2020 19:30:49 GMT -5
I agree, a real concern if they attempt to sell the mobile to someone who isn't savvy about buying real estate and thinks they're buying the land with the mobile.
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countrygirl2
Senior Associate
Joined: Dec 7, 2016 15:45:05 GMT -5
Posts: 16,926
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Post by countrygirl2 on Jul 18, 2020 22:57:25 GMT -5
We live a thousand miles away from there, noway to post a sign. I just have to hope they don't do something like that. It would still have to be removed.
This is why we have put off doing anything, we knew it would be a mess. But we are in it now and will see it through.
They might sell it to someone for $10k, the area its in is so expensive. I can see them getting that even though it isn't much.
I'm hoping I'm worrying for nothing
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TheHaitian
Senior Associate
Joined: Jul 27, 2014 19:39:10 GMT -5
Posts: 10,144
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Post by TheHaitian on Jul 19, 2020 14:57:20 GMT -5
The crazy bidding is in full gear in the DMV with interest rate so low!
My wife cousin is looking in Arglinton, budget 1M to 1.5M and she was outbid by 100k on the last house they made an offer and the one before that full asking price and waived all contingencies / inspections.
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