I'm starting to really look for a house and I think I missed the big buyers market
Lots of investors and brokers came and bought lot of houses that were in foreclosure or going that way. My son is going to be going away for school, so I have to look for something in the area I work so I can go home and let them out on lunch..this narrows things down quite a bit. I went to look at a house today that is a good candidate for builders to buy...the house is going for $150,000 and that is not the norm for the area. The houses in the area are at least 500,000, most of them 750,000 plus. My guess is they would just knock it down and build a brand new house, a lot down the road is listed at 795,000 for just the lot
There was a builder and an architect there today and they spent a lot of time with me showing me what is wrong with the house. It needs a better support system for the loft which will be about $5000.00. The bigger problem is the addition that is not on a good slab, it will cost 10-15,000 within the next three years to fix, but it can be fixed. Has anyone bought a house with the intentions of fixing it and it never happened? How bad is it to live through construction? The lot is great, the neighborhood would normally be very difficult for me to get into and its 4 minutes from my job....that 4 minutes is really getting me. The gas and toll money I would save is lots
I'm going to look at again tomorrow and at another one too..but that one is pushing it with distance for my lunch time let the dogs out time
Here is a picture of the house...