Man coming to look at my house

senior chef said:
I'd like to know what is so wrong with her house ? Rotten wooden foundation ? Leaning walls ? Or merely, out of date old kitchen ?
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Sometime back, she posted about an issue with the drainage around her house and water intrusion in the basement. Looking at the grading around it, the only way to truly fix it was to excavate around the foundation and install drainage tile and back fill with gravel. Then there was the problem of old electrical wiring (needed to be completely re-wired), and of course, the water leak in the attic that collapsed the kitchen ceiling. Oh yeah, then there was the problem of water intrusion around and through the window fascia's, and the rotting wood window frames. Add in the partial repair of the roof, the need to repair multiple plaster issues, and the iffy repair on her front entrance, and all of a sudden, a no inspection investor is starting to look pretty good.
All these issues (and more I believe) can be found on older posts from Deb in the home section.
 

debodun said:
These are what some real estate estate sites give as a value on my house

As of September 2021:
Bank of America appraisal value $281,428
Zillow estimate - $211,800
realtor.com estimate – $239,800
Town of Stillwater assessed full market value - $188,372
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How do those sites or the town of Stillwater know the condition of your home?

I would have a real estate professional do a market value appraisal that will adjust the condition of your home to comparable homes that have sold in the last six months.
 

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senior chef said:
I'd like to know what is so wrong with her house ? Rotten wooden foundation ? Leaning walls ? Or merely, out of date old kitchen ?
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Deb has posted many pictures, etc., over the past couple of years, showing numerous, and potentially expensive repairs that are needed. You haven't been here long enough to have witnessed these posts. Bottom line, this old house would require 10's of thousands of dollars of repairs to bring it up to current standards. It wouldn't take much else falling apart to almost deem this house unfit for human habitation.
 
My advice is the same as others.
Money wise.....the house doesn't owe you anything.
Take a price if it's fair....turn around....and be done with it.
If you hum and hah to offers.....you might just end up with it on your lap.....for who knows how long.
Be wise Deb.....let it go.
 
senior chef said:
I have no idea of what issues your house may have, BUT some potential buyers have skills that would make repairs MUCH, MUCH less costly.
In 2002 I bought a house in Florida that no one else wanted. I did all the work myself, working part time, and I paid out less than $10,000 in building materials. In 2005 I "flipped the house" and made a profit of $72,000.
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$72,000 profit?
That's enough to buy a really nice grocery cart. One that folds flat so it doesn't block aisles in a bus.
 
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I think that any offer North of $150K would be a good one, based on the amount of repairs needed due to deferred maintenance., including the boxes in the attic glued down with cat pee.
That way she would be well on her way to becoming a millionaire again;)
debodun said:
My attachment is less to the house than to the contents. If I could just find a buyer for the large furniture and vintage glassware, I'd be home free (so to speak).
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Why not just give it away? We gave away 2 king size bedroom sets among other things. Your "vintage glassware" is next to worthless.
 
debodun said:
My attachement is less to the house than to the contents. If I could just find a buyer for the large furniture and vintage glassware, I'd be home free (so to speak).
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Deb,

I’m curious why it is so important to sell the remaining contents.

I would think that the monthly cost of maintaining two homes would quickly surpass any potential income from the sale of the contents.
 
Aunt Bea said:
Deb,

I’m curious why it is so important to sell the remaining contents.

I would think that the monthly cost of maintaining two homes would quickly surpass any potential income from the sale of the contents.
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Perhaps Deb has realized that all her furniture and other belongings will not fit in the new house. It's her decision to do what she wants with her belongings.
 
debodun said:
My attachement is less to the house than to the contents. If I could just find a buyer for the large furniture and vintage glassware, I'd be home free (so to speak).
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I hope some kind of offer comes from this man looking at the house. You are taking a lot to your new home and what you want I assume. The rest can be donated. Could some of the furniture stay with the house?
 
Gary O' said:
Left unattended, it will become a lot for sale (less razing)
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Don M. said:
It wouldn't take much else falling apart to almost deem this house unfit for human habitation.
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I agree with these posts, and I think that it's likely that many or
most buyers will be planning to buy it solely for the land/lot, and figuring on the cost to them, of prepping the lot for re-sale or for building something new.
So their offers might not involve any appraisals of the house.

In addition, keeping the house longer, herself,
means lots more money for Deb, to be forced to spend on winter utilities, and on taxes, insurance, etc.... so it's better imo, to let it go, if someone makes any reasonable offer.

MickaC said:
My advice is the same as others.
Money wise.....the house doesn't owe you anything.
Take a price if it's fair....turn around....and be done with it.
If you hum and hah to offers.....you might just end up with it on your lap.....for who knows how long.
Be wise Deb.....let it go.
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That sounds good to me, too, but yes, of course, the decision needs to be what Deb can feel comfortable doing.

Aunt Bea said:
I would think that the monthly cost of maintaining two homes would quickly surpass any potential income from the sale of the contents.
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PamfromTx said:
Perhaps Deb has realized that all her furniture and other belongings will not fit in the new house. It's her decision to do what she wants with her belongings.
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Yep...., and Yep....
Good luck with this entire process, Deb. It's a huge thing, to get all of these steps done. I think you are more than halfway there.

It also makes sense to consider how draining it is for your health, as well as risky for the continued present condition of your old house, (you don't want any vandalism at either house!)

Hard on your health, and the security of the houses,
for you to be continuing to have to drive back and forth between the 2 houses, indefinitely and often, until you can sell one.

Better to sell it sooner rather than wait , and to be hoping for a better price.....which is not guaranteed going to ever happen, and becomes less likely as winter sets in.
 
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I spent 2 hours moving clothes just from one closet. Darn things keep slipping off the hangers and hangers get tangled, I tripped several times over dangling sleeves or hems. What a job! Of course, moving anything is a big job for me ;).

My cousin visited on Wednesday and said he could probbaly get a few of his friends together and help me move, but his schedule wasn't very open until the second week in October. He said that he'd help me for nothing, but I would have to pay anyone else that helped. Well, of course - whatdda think?
 
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