I swear, I didn’t intend to make this a daily post! This is fast becoming a Funky Foto Contest kind of thing. I just can’t resist though when I hear these stories…and it seems I hear them every day! Yesterday a house on Hiller in Belmont looked at offers. This place is an 1190 sq ft 3 bedroom, 1 bath house on a 4968 sq ft lot just south of Ralston. It’s listed for $499,994. It’s pretty much in need of an overhaul. It has a $26,000 termite report…among other things. Last year a similar size 3 and 1 on Elmer was on the market for 67 days before selling. It was spotless, new kitchen, bath, landscape and refinished hardwood floors. It’s price came down twice and it closed at $525,000. This was in January 2012.
OK, $499,994 for a fixer vs $525,000 for a remodeled little gem? Yes, the market’s hot after all. Well, guess what? The listing agent gave out 100 disclosures on this place. The place got 39 offers yesterday. 39 OFFERS! It had been on for a whopping 8 days. I think it’s really safe to assume that it’s going over $525,000. Like maybe $100,000 over $525,000? Who knows with 39 offers!
Are you feeling creepy yet? I sure am!