My childhood home is for sale, I want to buy it
Oakley
8 years ago
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8 years agosushipup1
8 years agoRelated Discussions
My Kitchen For Sale. I'll throw in a house and 1+ acre too.
Comments (23)oh dear. that wouldn't work for me. once I get moved, I never plan to move again - until they cart me off to the old ladies farm. that'll be soon I think...and I'm not moved yet! It's too much work! can't imagine doing another house again. If you do build, see if you can find a builder who uses Amish for carpenters. They do awesome woodworking. The builder for our addition back in the 70's (it was bigger than the original part) did - and it was done early and under budget! I doubt it'd ever be under budget again (I was too young and knew NOTHING back then). I sure was glad it was done early tho - I was due with my youngest son within wks. Of course, he ended up being 2 wks late - but that gave me more time to get the room ready for him. Anyway, I'd only build a house today if I KNEW absolutely for sure that I could trust the builder and his people to do everything correctly and to my liking. And that wouldn't happen. I don't need the stress. Are you moving to a different part of the country with this move?...See MoreMy friend's childhood home featured
Comments (3)Cool. I saw that article. Not easy seeing your parents' choices called "dated" on national TV! But the show needs the drama....See MoreAm I being too impatient on the sale of my home?
Comments (86)Your position is that no matter the sample size of FSBO the data would not be normal. The problem is that samples get normal very fast. I originally wrote a long section here about the confidence interval, confidence level and sample size needed to get a good result. It is not nearly as complicated as you think. You don't need to run every home just pick a random sample in every market and ask, "on average did FSBO's in this market sell for X% more?" Then you repeat that for a number of random markets. Most of the things that you are worried about are taken care of by randomness. There are some biases in there - For example, there is a serious confirmation bias, since we are using home sales, it discounts the homes that don't sell as either FSBO or commissioned. But as far as studies go, this one is not even hard to design. Since you are studying a market and commissions are fairly standard in a market, proceeds to the seller is a function of sales price and would never need to be separated. Fannie Mae and Freddie Mac track data on realtor vs FSBO and house prices. They make that data available to researchers, in fact, if you fill out the forms and have some analysis software (which you can probably get for free) they will make it available to you. Go conduct your own study. All of this is unnecessary, you can do the same thing with a simple poll. Just go to surveymonkey and create a poll. Ask only two questions - "As a home buyer - rank these types of home sales from least risky to most risky." Then give four or five options. And then ask it again only rank them most risky to least risky. Find some people to take it, preferably random but whatever. We know that all people price in risk, therefore if FSBO's are perceived as having more risk, they will get less money....See MoreMy parents want to buy a house, can it sell in 50 years?
Comments (11)It will be very hard to predict what will happen in 50 years. It is possible that the 2 nearby cities will grow and the area the house is in will become more valuable as the city spreads out and more people are looking for property in that area. Of course if there is nothing nearby now, it could stay that way or get worse over the course of that time. It is a gamble. For me I live 15 minutes from a small town, and get some groceries there, however I work 45 minutes from my home and a large city, and usually get most of my groceries there because prices and variety are better. Driving 45 minutes twice a day for me doesn't seem like too long, however people who live 5 minutes from work would hate it. I guess you have to ask yourself, are you ok with driving 30 minutes when you need groceries. Normally in the US, if you can pay it off in 5 years that is incredible, most people take 30 years. And typically houses/land increase in value over time. There are times when the value goes down, but that doesn't happen very often unless you are in the "bad" part of a very large city or truly in the middle of nowhere. For me living away from the big city is wonderful. Yes it costs more, so you have to figure that in too. Sounds like there is a city 10 mins away, how far do you go now for groceries? 10 min is not very far. Stairs.. well you can remodel make them easier to climb, or later on if your parents need it you could add on a room on the first floor for a bedroom for them. You can add a ramp from the outside to the first floor, and ALL stairs should have handrails available! Here it is a requirement if there are more than just a couple of steps. There are usually options when you own your place. Most of the time if you can afford the house, and get it paid off that quickly, then yes it will still be of value, probably more value when you need to sell it especially if you fix it up and make it even nicer. However there are no promises in real-estate. If you like it, get it and enjoy your time there, when it's time to sell it cross your fingers....See Moreroarah
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