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I was glad mine was pretty much already flipped and redone. New roof, boiler, etc.Originally Posted by Irving
Also glad it was an off market purchase.
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This is important for anyone trying to get into rental properties. Don't try to buy stuff off the MLS. You need to network with people who know stuff is going to be put up for sale so you can buy it before it gets listed.
"There are no finger prints under water."
Most definitely.
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By the way, Zillow is your friend. It's kind of scary how they can compile information.
Actually zillow is not your friend at all.
As a buyer's agent i can tell you that zillow is often as much as two years behind the information, in addition they are losing their feeds from the mls and are not up to date, there is lawsuit
After lawsuit over their price estimations, trulia and zillow do not automatically get information on listings in colorado, the agent has to request the listing be shared. There are many listings that never go to zillow
I have seen home listed as sold that are not, homes for sale that are not, the listings that are incorrect are often using stolen information from agent websites, zillow has many lawsuits filed by large agencies that did not agree to share the information
If you are searching on line for homes Recolorado is a better resource as they are a direct consumer link to the Denver mls, metrolist
Better yet find a good buyer's agent and get the real story
Fat fingered from my phone
Self control: The minds ability to override the body's urge to beat the living sh.. out of some ass.... who desperately deserves it.
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
Obama, so full of crap it is a miracle Air Force One can even get off the ground,
Zillow is outdated by a week. That's pretty bad when the market is going by the minutes.
Zillow zestimate is also off if the property is on certain area where compensating factor is a huge thing. Ie back into the highway, your 400k sits behind a million dollar subdivision etc etc.
It's a great tool but I have guys come up to me thinking they are experts because of zillow and got disappointed by their appraisal...
Fyi
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I just meant it's a handy tool to get a lot of info on the properties you're considering or your competition. I take their estimates with a 5 lb bag of salt -- especially in specialty markets -- as their estimates were all way too low for the market in Hawaii even in 2008-2009.
Any updates on the real estate market?
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Still going up and will continue to. With our economy booming and people moving here, the demand is high. However, the inventory is extremely low.
I'm on hold with my rental due to the lease. It expires in March of '16 and I'll make a choice then based on the market but things are still going up so I hope it holds.
At that point, we may look at selling our primary home too if we find a home that we just have to have. Until then, we just put new counters in the kitchen and will continue to upgrade what we can before sell time. Houses in my neighborhood are regularly going for $70-100k more than we paid so we hope that holds also.
Everything I read/hear says CO will continue to grow at a steady rate. But who knows for sure.
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