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hope123
LIF Adult
Member since 2/08 1097 total posts
Name:
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Buying a House that was bought and sold 4 times in 13 years
We checked the price history of a house we are going to see tomorrow and found out it is listed for sale for the fifth time in the past 13 years. Is that a red flag? We have asked our agent to check the accuracy of the information. I heard that a prospective buyer can ask local precinct for any crime reports that were filed for the address. Anyone know if this is correct? Thanks.
ETA - the house is in a great neighborhood and has good school district. Which is why I am little concerned as to why it was sold so many times.
Message edited 7/10/2015 5:36:54 AM.
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Posted 7/10/15 5:30 AM  |
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Prudential Douglas Elliman Real Estate
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Re: Buying a House that was bought and sold 4 times in 13 years
Is it a smaller house? Perhaps people have used it as a "starter house."
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| Posted 7/10/15 9:34 AM |
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Re: Buying a House that was bought and sold 4 times in 13 years
I'd be a bit concerned if there was any evidence of ghosts or paranormal activity...lol..
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| Posted 7/10/15 9:53 AM |
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HomeIsWithU
Baby #2 on the way!
Member since 9/07 7816 total posts
Name:
Jenn
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by oldtimerocknroll
Is it a smaller house? Perhaps people have used it as a "starter house."
This would be my immediate thought.
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| Posted 7/10/15 10:03 AM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by HomeIsWithU
Posted by oldtimerocknroll
Is it a smaller house? Perhaps people have used it as a "starter house."
This would be my immediate thought.
Same.
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| Posted 7/10/15 11:55 AM |
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jessnbrian
Only God knows His plan for us
Member since 4/13 7238 total posts
Name:
Jessica
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by Hofstra26
Posted by HomeIsWithU
Posted by oldtimerocknroll
Is it a smaller house? Perhaps people have used it as a "starter house."
This would be my immediate thought.
Same.
Yeah, same. Like us, we've been in it 3.5 years, and are debating sell or blow-out (will likely blow-out, you can change a house, you can't change location).
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| Posted 7/10/15 12:00 PM |
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hope123
LIF Adult
Member since 2/08 1097 total posts
Name:
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by oldtimerocknroll
Is it a smaller house? Perhaps people have used it as a "starter house."
House is a big house so it's not a starter house.
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| Posted 7/10/15 12:43 PM |
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hope123
LIF Adult
Member since 2/08 1097 total posts
Name:
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by EclecticEsq10810
I'd be a bit concerned if there was any evidence of ghosts or paranormal activity...lol..
Omg. This is what I said to my DH yesterday. I am curious to hear what the agent has to say when we meet him later today.
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| Posted 7/10/15 12:49 PM |
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KangaMom
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Member since 1/06 4593 total posts
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Re: Buying a House that was bought and sold 4 times in 13 years
Maybe loud neighbors or pets?
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| Posted 7/10/15 1:37 PM |
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PhyllisNJoe
My Box Is Broken
Member since 6/11 9145 total posts
Name:
Phyllis
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Re: Buying a House that was bought and sold 4 times in 13 years
If you are uneasy about it, move on.
Reasons could be:
Flooding
Horrible Neighbors
Ghosts - for real tho
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| Posted 7/10/15 1:42 PM |
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hope123
LIF Adult
Member since 2/08 1097 total posts
Name:
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by PhyllisNJoe
If you are uneasy about it, move on.
Reasons could be:
Flooding
Horrible Neighbors
Ghosts - for real tho
If flooding is the issue, aren't the sellers supposed to disclose it and would that be something that would be found during the inspection?
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| Posted 7/10/15 1:56 PM |
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PhyllisNJoe
My Box Is Broken
Member since 6/11 9145 total posts
Name:
Phyllis
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by hope123
Posted by PhyllisNJoe
If you are uneasy about it, move on.
Reasons could be:
Flooding
Horrible Neighbors
Ghosts - for real tho
If flooding is the issue, aren't the sellers supposed to disclose it and would that be something that would be found during the inspection?
Unless there is obvious damage, it wouldn't be found on inspection.
Not sure what sellers HAVE to disclose. I would be weary
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| Posted 7/10/15 2:09 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Buying a House that was bought and sold 4 times in 13 years
i feel like my first house was cursed. the people before me only lived there 2-3 years and got divorced. i lived there 3 years and got divorced. a young couple bought from me...hope they're not divorced. it would be a red flag for me...i'd need to know why.
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| Posted 7/10/15 3:00 PM |
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ChilisWife
God Bless America
Member since 5/05 3572 total posts
Name:
A.K.
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Re: Buying a House that was bought and sold 4 times in 13 years
Structural or water issues are the first thing that would come to mind for me. Check to see if the basement is finished or not. I saw a nice house once that was totally done except the basement was raw concrete and empty as if everything had been ripped out after a flood.
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| Posted 7/10/15 3:09 PM |
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hope123
LIF Adult
Member since 2/08 1097 total posts
Name:
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by ChilisWife
Structural or water issues are the first thing that would come to mind for me. Check to see if the basement is finished or not. I saw a nice house once that was totally done except the basement was raw concrete and empty as if everything had been ripped out after a flood.
The basement is finished. I actually called my insurance company and told the agent about my concern. The agent ran a claims report and said there have been no claims filed for the address in the past five years. I know it doesn't mean there are no issues. They could have done repairs and paid out of pocket. If we decide to make an offer, we plan to hire a structural engineer for an inspection in addition to home inspection.
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| Posted 7/10/15 3:31 PM |
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PhyllisNJoe
My Box Is Broken
Member since 6/11 9145 total posts
Name:
Phyllis
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by hope123
Posted by ChilisWife
Structural or water issues are the first thing that would come to mind for me. Check to see if the basement is finished or not. I saw a nice house once that was totally done except the basement was raw concrete and empty as if everything had been ripped out after a flood.
The basement is finished. I actually called my insurance company and told the agent about my concern. The agent ran a claims report and said there have been no claims filed for the address in the past five years. I know it doesn't mean there are no issues. They could have done repairs and paid out of pocket. If we decide to make an offer, we plan to hire a structural engineer for an inspection in addition to home inspection.
Then maybe it's crappy neighbors.
My friend had new neighbors that were so bad, they moved after being there for over a decade. They just couldn't stand it anymore.
Maybe join the towns local FB group and see if anyone has any info on the block. You never know what you could find out.
Message edited 7/10/2015 3:52:43 PM.
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| Posted 7/10/15 3:52 PM |
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ChilisWife
God Bless America
Member since 5/05 3572 total posts
Name:
A.K.
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Re: Buying a House that was bought and sold 4 times in 13 years
If it turns out you are seriously interested in the house, you could always drive by when there are neighbors outside and ask how they like the block, etc. You would be surprised how much they tell you.
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| Posted 7/10/15 3:58 PM |
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Faithx2
All good things in 2016!!
Member since 8/05 20181 total posts
Name:
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by Ian&EmmesMommy23
i feel like my first house was cursed. the people before me only lived there 2-3 years and got divorced. i lived there 3 years and got divorced. a young couple bought from me...hope they're not divorced. it would be a red flag for me...i'd need to know why.
This was our house as well. We had the damn thing blessed. So far 14 years and no divorce!
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| Posted 7/10/15 10:17 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: Buying a House that was bought and sold 4 times in 13 years
I would be leery and ultimately not buy it I am sure.
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| Posted 7/11/15 12:43 AM |
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Blubtrflygrl
LIF Adolescent
Member since 5/15 609 total posts
Name:
allison
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by hope123
We checked the price history of a house we are going to see tomorrow and found out it is listed for sale for the fifth time in the past 13 years. Is that a red flag? We have asked our agent to check the accuracy of the information. I heard that a prospective buyer can ask local precinct for any crime reports that were filed for the address. Anyone know if this is correct? Thanks.
ETA - the house is in a great neighborhood and has good school district. Which is why I am little concerned as to why it was sold so many times.
Listed for sale or actually sold that many times?
Is it newer construction/reno?
DH is in construction and he has said to often watch out for some people who have done a quick flip on a house because it can often be shoddy work.
It could also be unforutnately what the other ladies said...new couples purchasing and then the relationship going sour.
Or I think sometimes people are really eager to buy a home and don't realize what they are getting into with cost.
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| Posted 7/11/15 7:52 AM |
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greenrunner
LIF Infant
Member since 11/13 126 total posts
Name:
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Re: Buying a House that was bought and sold 4 times in 13 years
It would deter me from making an offer, I would just be too concerned that there is an issue, such as flooding. I look at sale history though snd too many sales is a red flag to me so it may bother me more than others.
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| Posted 7/11/15 7:57 AM |
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MrsH2009
Thank you St. Gerard!
Member since 8/09 6631 total posts
Name:
M
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Re: Buying a House that was bought and sold 4 times in 13 years
Posted by ChilisWife
If it turns out you are seriously interested in the house, you could always drive by when there are neighbors outside and ask how they like the block, etc. You would be surprised how much they tell you.
This, also just drive by random times and days. A neighborhood might look great on a week day or night, but drive by late on a weekend and see if neighbors are too loud or something. Neighbors can ruin a sale.
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| Posted 7/11/15 8:17 AM |
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KarenK122
The Journey is the Destination
Member since 5/05 4431 total posts
Name:
Karen
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Buying a House that was bought and sold 4 times in 13 years
I would go ask the neighbors. Our house was bought and sold three times in 5 years. The last people were only there about a year, freshly divorced bought the house and then realized she couldn't afford it. But there could legitimately be a problem so I would check the neighborhood, and if your backyard backs up to another house, check that street as well. Get a good home inspector and it should be fine.
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| Posted 7/11/15 10:39 AM |
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hope123
LIF Adult
Member since 2/08 1097 total posts
Name:
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Buying a House that was bought and sold 4 times in 13 years
Thanks everyone. We found out from a guy that lives very close to the house that every family that sold prior to current owners sold the house when they moved either out of town or out of state. House went on the market few days ago and the guy wasn't aware that its for sale, but he knows that the seller's last kid just graduated from high school and is going away to college. We thought the basement was finished but a very small portion is finished and from what we saw, there didn't seem to be any water damage. Thanks again.
Message edited 7/11/2015 3:41:59 PM.
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| Posted 7/11/15 3:37 PM |
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