Quote:
Originally Posted by Dottore
That must be the bargain of the century. Around here, you'd have to multiply that number by ten.
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I did get a pretty good buy on it. Caught it by word of mouth before it was listed by a realtor so we backed out realtors commision of $12K or so. It appraised for $227K but I agreed to pay closing costs so that was another $5K or so. Seller had sold his business, was retiring to move to be closer to children/grandchildren and had a house waiting in Mobile. Plus I was able to set a closing date for a quick sale in less than 30 days which beat out other offers contingent upon financing/sale of their homes. Bird in the hand type of thing.
It has been immaculately maintained and is move in ready although the kitchen is a bit dated by my standards. But all 3 baths have been renovated with high dollar upgrades (seller owned a plumbing/HVAC contracting company).
It is the smallest house in the neighborhood as most are 3000-4000 sf but go for $275-400K.