
I_Love_McRedneck asked: Seller says the house was appraised by his bank in May at 170k. Let’s just forget about the fact that a LOT has happened to the real estate market since May - just for a minute.
He’s trying to pass off a 2 bedroom house as a 4 bedroom, because there are 2 rooms in the basement that he’s considering bedrooms although without closets.
The house needs major work in the kitchen and bathrooms, costing at least 50k if the work was done ourselves.
He’s living in la la land, I think. Oh, there are no comps - nothing has sold in the area over the last year & nothing else is on the market. He’s making a lot of stretches (other than just the bedroom thing) to claim added value. You could fit 2 mini cooper’s maybe, but not 2 normal sized cars. The 2nd full bath’s shower could fit a midget, but not an average person - it’s completely unusable. They’re asking (in my opinion) 25k more than it’s worth, but won’t reconsider. We’re walking away. Is this the right thing to do?
Other houses of similar size with similar features are selling for as much as 50k less, I think one of them will be best -considering they need the same amount of work as this house.
There’s nothing remarkable about this house, it’s just close to work - but so are lots of others. This seller is just way out in left field.
Tia