I do not know whether to laugh at my bank or take them seriously.

[Dave_L]

Search for the real estate thread. The market is insane. I sold my half of a duplex in castle rock for 240k. It had 900 finished sq feet (ranch with an unfinished walk out). It was even sold "as is" due to being a rental and i had multiple offers. To put the condition of the home in perspective, I paid 2 kids to pick up dog poop for 3 hours, a professional cleaner cleaned the 900 sq ft for 8 hours to get it clean and that didnt include carpet cleaning. I tried to sell this 3 years prior and couldnt get 140k.

[HoneyBadger]

I thought it "was" common in Denver for some time and then they banned scrape-offs not long ago?

Not sure about local Denver laws, but in some places I've lived before, people would get around this by tearing down everything except for the garage or an interior closet. They would build the new house around it, and then either renovate the old piece that was still there or tear it down after the new structure was finished.

[hunterhawk]

Bought my house 3 years ago for 325..just appraised for 500 when we refinanced...would love to sell it and move back to michigan but my wife wont do it...grrr

[BigDee]

The market is insane right now. My GF lives near 3rd Broadway. Her neighbor 2 doors down bought his house in 2011 for $270,000.00. He has done absolutely nothing to the house since he bought it and it needs some work. The house just sold for $700K.


Sent from my iPhone using Tapatalk

[Martinjmpr]

We live in old-town Englewood. The house across the street sold for $340k in May. Thing is, this house was TRASHED by the previous owners (they got divorced and one took the kids, left in a hurry.) The person who bought the house to flip it said he hopes to get at least $425k for it, but he's put a lot into it: New concrete driveway, all new windows, new garage door, access window wells for the basement, gutted the kitchen and bathrooms, etc. I'm sure he's at least $50 - $75k into this house by now (to say nothing of at least 5 months of his time.)

But it's still a 60+ year old house with ~2000 square feet. If he gets his $425k for it I'll be amazed.

The fact that he would pay over $300k for a house that was in such bad condition is what astonishes me. Wife and I both guessed it would sell for less than $200k.

[Irving]

Neighbors down the street moved and the house is listed for $270 in Old Thornton, which is amazing to me. I hope they get that much.

[Wulf202]

The fact that he would pay over $300k for a house that was in such bad condition is what astonishes me. Wife and I both guessed it would sell for less than $200k.[/QUOTE]

This is what happens when people attend those "flip this house" seminars you hear about on the radio. Over pay and hope to break even