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Honest opinions on this house please...

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Stefanie

Member since 5/05

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Name:
Stefanie

Honest opinions on this house please...

Thanks everyone!

Message edited 10/9/2006 8:50:11 AM.

Posted 10/7/06 9:50 AM
 
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Lisa
I'm a PANK!!!

Member since 5/05

22334 total posts

Name:
Professional Aunts No Kids

Re: Honest opinions on this house please...

Personally...I really love the house. yes it needs work but the floors are gorgeous....get them redone and they are perfect! I love the kitchen layout. But then again, I love old houses...they dont built houses like that anymore!!

i think that is a good price for Merrick.

As long as you are willing to do some work, its a good deal!

Good Luck!

Posted 10/7/06 9:59 AM
 

Sharon
So Big... So Fast!

Member since 5/05

2959 total posts

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Re: Honest opinions on this house please...

Refinish the floors and buy some paint and I think you'll have a real beauty on your hands.

Posted 10/7/06 10:10 AM
 

MommaG
Yay Spring!

Member since 5/05

5133 total posts

Name:
Gloria

Re: Honest opinions on this house please...

My DH would love the 2 car garage and it's in a nice neighborhood. The hardwood floors are there and just need to be sanded and finished. The house needs a lot of work and if you are willing to do it, it looks like a good deal.

Posted 10/7/06 10:11 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Honest opinions on this house please...

I grew up very close to that area. It's definitely a great SD.

it's right off of Merrick Ave, so it might be noisy. The house is cute, it has charm. def needs quite a bit of work and updating. I like that it has 3 beds, a basement & 2 car garage. decent sized property too.

it's hard to give an opinion without seeing the actual neighborhood.

Have you gone to look at it yet?

Message edited 10/7/2006 10:25:51 AM.

Posted 10/7/06 10:23 AM
 

yankinmanc
Happy Days!

Member since 8/05

18208 total posts

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Re: Honest opinions on this house please...

I love it! I have such a vision for this house. Run out and buy it now!

Posted 10/7/06 10:39 AM
 

jerome8283
LIF Adolescent

Member since 5/06

633 total posts

Name:

Re: Honest opinions on this house please...

Needs work, kitchen (tiles, cabinets, floor), wood floors need to be redone, wallpaper should come down, looks like some new windows have been installed, and the driveway to the garage needs attention.

It has potential and the price for Merrick seems good.

Posted 10/7/06 10:40 AM
 

Stefanie

Member since 5/05

23599 total posts

Name:
Stefanie

Re: Honest opinions on this house please...

Posted by SweetestOfPeas

I grew up very close to that area. It's definitely a great SD.

it's right off of Merrick Ave, so it might be noisy. The house is cute, it has charm. def needs quite a bit of work and updating. I like that it has 3 beds, a basement & 2 car garage. decent sized property too.

it's hard to give an opinion without seeing the actual neighborhood.

Have you gone to look at it yet?



Yes, I have...it needs a lot of work. It has a Chambers stove...which is ancient! The bathrooms are old, the windows need to be replaced, the floors need to be redone and the electrical outlets are strange...they're 4 prong outlets...I've never seen that before.

For some reason, we really like it...

Posted 10/7/06 10:52 AM
 

Faithx2
All good things in 2016!!

Member since 8/05

20181 total posts

Name:

Re: Honest opinions on this house please...

Posted by jerome8283

Needs work, kitchen (tiles, cabinets, floor), wood floors need to be redone, wallpaper should come down, looks like some new windows have been installed, and the driveway to the garage needs attention.

It has potential and the price for Merrick seems good.



I agree! It has real potential to have such charm. Such a sin that it needs work at that price but you are paying for a good area....

Message edited 10/7/2006 10:54:09 AM.

Posted 10/7/06 10:53 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Honest opinions on this house please...

Posted by Stefanie

Posted by SweetestOfPeas

I grew up very close to that area. It's definitely a great SD.

it's right off of Merrick Ave, so it might be noisy. The house is cute, it has charm. def needs quite a bit of work and updating. I like that it has 3 beds, a basement & 2 car garage. decent sized property too.

it's hard to give an opinion without seeing the actual neighborhood.

Have you gone to look at it yet?



Yes, I have...it needs a lot of work. It has a Chambers stove...which is ancient! The bathrooms are old, the windows need to be replaced, the floors need to be redone and the electrical outlets are strange...they're 4 prong outlets...I've never seen that before.

For some reason, we really like it...

well I think you already made up your mind then! make a lower offer and see what happens Chat Icon you never know!

good luck Chat Icon

Posted 10/7/06 10:55 AM
 

Stefanie

Member since 5/05

23599 total posts

Name:
Stefanie

Re: Honest opinions on this house please...

I think that we're going to bring in my FIL and my father to check out the house...then we might make an offer if everything checks out. My fil buys, fixes up and sells houses and my father knows a lot about tudors because he used to own one...so any help we can get will be great.

Posted 10/7/06 10:58 AM
 

jerome8283
LIF Adolescent

Member since 5/06

633 total posts

Name:

Re: Honest opinions on this house please...

Posted by Stefanie

My fil buys, fixes up and sells houses



If this is the case you should make an offer, much lower than the asking price.

Posted 10/7/06 11:00 AM
 

Stefanie

Member since 5/05

23599 total posts

Name:
Stefanie

Re: Honest opinions on this house please...

I know it's a great area, school district, etc...but from looking at the inside...I would NEVER pay anything close to that asking price.

Posted 10/7/06 11:06 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Honest opinions on this house please...

Posted by Stefanie

I know it's a great area, school district, etc...but from looking at the inside...I would NEVER pay anything close to that asking price.

once you have a list of things that need to be fixed and or replaced, you will definitely have bargaining power. especially in this market.

Posted 10/7/06 11:13 AM
 

jerome8283
LIF Adolescent

Member since 5/06

633 total posts

Name:

Re: Honest opinions on this house please...

What are the other homes in the area going for? How long has the house been on the market?

Have your FIL estimate the cost of the work that needs to done and knock that off the price.

Posted 10/7/06 11:14 AM
 

Diane
Hope is Contagious....catch it

Member since 5/05

30683 total posts

Name:
D

Re: Honest opinions on this house please...

Posted by Sharon

Refinish the floors and buy some paint and I think you'll have a real beauty on your hands.



I agree

Posted 10/7/06 11:19 AM
 

anjerandunder
Positive thoughts worked!!!

Member since 6/06

1909 total posts

Name:
J

Re: Honest opinions on this house please...

i think its great..so much potential..can't hurt to just make an offer!!!! good luck!!

Posted 10/7/06 11:23 AM
 

ssbride05
:-)

Member since 5/05

2654 total posts

Name:
Jennifer

Re: Honest opinions on this house please...

I agree with the otehr posters.. this home DEF has character and potential! I would bring in your FIL and dad and see what they say!

I would DEF consider it-It looks like you can do a lot of fixing-with a good SD and a decent sized property!

Chat Icon Chat Icon Chat Icon

Good luck!

Posted 10/7/06 11:56 AM
 

LIBOUND
Texting king

Member since 10/05

5289 total posts

Name:
Suzy

Re: Honest opinions on this house please...

I love older homes, so I think you have a real gem on your hands!!

Posted 10/7/06 12:13 PM
 

Stefanie

Member since 5/05

23599 total posts

Name:
Stefanie

Re: Honest opinions on this house please...

Posted by jerome8283

What are the other homes in the area going for? How long has the house been on the market?

Have your FIL estimate the cost of the work that needs to done and knock that off the price.



I believe that other homes are going for MUCH more. I think it's been on the market since May.

Posted 10/7/06 12:35 PM
 

june262004
But I love the Snow!

Member since 5/05

15379 total posts

Name:
Kristin

Re: Honest opinions on this house please...

Does it need work... YES But it's in merrick great area greet district!

Posted 10/7/06 12:43 PM
 

mommy2Alex
3 babies for me :)

Member since 5/05

6683 total posts

Name:

Re: Honest opinions on this house please...

If everything checks out, I would go for it. It has a lot of potential with some work. I personally like something that needs to be renovated so that I can have everything to my liking. Good Luck!!! Chat Icon

Posted 10/7/06 3:23 PM
 

MrsProfessor
hi

Member since 5/05

14279 total posts

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Re: Honest opinions on this house please...

I love it. I think it's cozy and adorable and in spite of the work it needs, there's no reason why you can't do a little at a time, if that's what you have to do. Tons of potential, IMO.

Posted 10/7/06 3:27 PM
 

Tah-wee-ZAH
Kisses

Member since 5/05

15952 total posts

Name:

Re: Honest opinions on this house please...

It is a project but I think it could be well worth it in the end especially if you have family in the business.

Here's what I would do/did with my own house. Bring your FIL in and ask him to tally up everything that would need to be done (of course, before inspection).

Make an offer reflecting SOME of that cost. You honestly want the seller to bite and too low of an offer they might not.

Once they bite call in a VERY thorough home inspector. I'm sure his list will even be more extensive and itemized. For that house it will be A LOT. Apart from all of the things you said, I'm sure the heating and electrical need a complete upgrade, and possibly the plumbing... about 30K for just those things.

When the home inspection comes back with the figure for all necessary repairs (remember this isn't cosmetic, just to systems of the home) THEN you ask for the rest of the money back off of the original agreed upon price.

It's better to do it this way because you already have the seller "on the fish hook" so to speak because your original offer wasn't too ridiculous. An original VERY low offer will make them balk. To be honest I think the price of that house largely reflects the work that is needed and a very low offer they might not even entertain.

Their RE agent will probably urge them to negotiate the price even farther knowing that they are already half way on this deal and who knows when the next offer is going to come around. They should then be willing to give you the majority of the money back off of the agreed upon first offer.

This is what we did on our house and it worked. Our seller (last year) also had no idea it was going to take so long to sell her house (when the market started to turn but the house was in BAD shape, you saw my thread...lol.) and she was getting desperate.

If you are up for a project... and I lived through oneChat Icon this house could be a GEM!! It just takes lots of patience and a real love for the house but in the end it is so worth it because you will have a house exactly to your tastes.

BTW: One of the top school districts on the south shore. So worth it.

Good luck.Chat Icon

Posted 10/7/06 3:52 PM
 

leighdvm
My golden boys!

Member since 3/06

4419 total posts

Name:
Michele

Re: Honest opinions on this house please...

Posted by MrsProfessor

I love it. I think it's cozy and adorable and in spite of the work it needs, there's no reason why you can't do a little at a time, if that's what you have to do. Tons of potential, IMO.



I absolutely agree! It's amazing what a coat of paint and sanding the floors will do.....

Posted 10/7/06 3:57 PM
 
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