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Dantilla Dantilla is online now
Non Compos Mentis
 
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,641
Real Estate is on sale. 262k sounds very high for a rental in today's market, but I'm not in downtown Seattle.

I've recently bid on a few auctioned homes, and want to stay below 100k. Last one I bid on was near a college campus and top bid was 63,000. I would have bid over that until I read in the fine print a requirement for the buyer to use it as primary residence for at least a year.

Structurally sound, great location, but the electrical system was a mess. I tested several outlets, and only two of them were wired properly. The rest had open grounds, or were wired backwards. Add a few thousand bucks to re-wire it, and it still would have been a great deal.

A couple years ago, this home would have easily been somewhere North of $250,000.
Old 02-04-2012, 03:28 PM
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