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Country Discussion Topics
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I love this house
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KellyGa    Posted 12-22-2003 at 09:44:27       [Reply]  [No Email]
This is where I want to be. I love this kind of house. It only has 4 acres though. Isn't his house pretty? Wish it didn't cost so much. Maybe I will show it to Ian. Hey, it says abandoned, make offer. :) What would you pay?


Jim in michigan    Posted 12-22-2003 at 20:28:10       [Reply]  [Send Email]
now I know I am living in the wrong place,, I now of a new house, house is kind of small , only 2 bedrooms, but it is new, and is sitting on 180 acres of land. Has a nice river running through it and is good property. They are asking 190.000 for it. the property used to be ours, but when dad quit farming he sold all his acres except the 40 I have here. roughly 1000 a acre here with good land,,,Jim


Jimbob    Posted 12-23-2003 at 09:16:11       [Reply]  [No Email]
Over by Houghton Lake Michigan area out of town, land is about $3K an acre up to 40 acres & $2K on larger parcels up to 200-300 acres. Seems like some good deals around your area.


toolman    Posted 12-22-2003 at 20:43:41       [Reply]  [No Email]
looks like a nice house better than the last one , course more money too,jim the last piece of land that sold about a quarter mile from me went for over 35000 an acre, raw land nothing on it.


Jim in michigan    Posted 12-23-2003 at 06:39:12       [Reply]  [Send Email]
think i could move my 40 to where you live? lol...Jim


toolman    Posted 12-23-2003 at 07:38:20       [Reply]  [No Email]
even think of sellin mine, my buddy skis with , george allen from microsoft, i told him to point out my place from the hill next time there here and drop his pocket change and he can have my place, should be able to retire to warmer climates with that lol.


Juliana    Posted 12-22-2003 at 20:11:54       [Reply]  [No Email]
Kelly, don't know all the in's and out's of the past deal, but I would sure look into this baby. MUST see inside, take a friend, anyone that knows about plumbing, etc. to go with you. If after that look-see, and you are still interested, get an inspector in there. Why not offer them what you are already qualified for? Find out how long is has been on the market...a long time might mean they are willing to go (way) less. That $180K sounds like that might be what the area houses go for, maybe these folks want to hurry up and get rid of it, due to death or taxes. Good luck. And remember, if you do get it, in about 4 years (or so) it could be worth a WHOLE lot more and you will then have more that made up for what you have to put into the house now.


Dave Munson    Posted 12-22-2003 at 18:55:16       [Reply]  [No Email]
Abandon. Funny way of saying foreclosure sale.

“NEEDS TLC” to me says needs work.

It is pretty on the outside. It would depend on what needs work, what it is worth (to me, not the real estate person). Pull up comps, etc. If the comps say that houses like this go for $180 I would offer no more than $120. I assume that a bank is the seller. You never know.


deadcarp    Posted 12-22-2003 at 13:08:33       [Reply]  [No Email]
woowee! it's a beauty alrtight. way outa my league but then if you both have good-paying jobs, why not? we paid 38,000 for our stetched-out 4 acres between a river and lake - course that was in 1990 - lakeshore is now $1000/foot. if you load insurance, taxes & maintenance on top of the payment, you'll have a more realistic idea. for that kinda money, whatever you decide to do, withhold any solid offer til you actually go look at at least 2 other comparable places nearby, then decide whether it's a deal. there's no comparison like a comparison :)


Mike    Posted 12-22-2003 at 13:04:58       [Reply]  [Send Email]
Agree with the others. This looks like it is too cheap, and that means there has to be a catch somewhere.

Another possibility that the others haven't mentioned is that there might be undergound fuel tanks buried on the sight. Old leaking tanks are VERY expensive to clean up and it is the responsibility of the current owner.

That is the reason why some properties are seemingly cheap here, but I would check it out and find out what the story is.


Don in FL    Posted 12-22-2003 at 12:45:47       [Reply]  [No Email]
Abandoned does not mean there is no owner. Ask the listing agent who signed the listing agreement. ALso check the court house for the tax record. If in the owners name area it says ETAL it means OTHERS are involved in the ownership, like in an estate. if so it could be a real nightmare to get a clear title. Follow up and you might still get a good deal.


Les    Posted 12-22-2003 at 12:16:16       [Reply]  [No Email]
Assuming no major problems with the place, it would be worth a heckuva lot more than $180K around here. Like at least twice or three times as much.


Jimbob    Posted 12-22-2003 at 11:09:44       [Reply]  [No Email]
$180K is a lot of money. Although pretty, an alternate is to shop the banks for repo homes.

I purchased my farm community house a few days before it went into receivership by the bank. It was only 7 years old, good condition and had a nice 24' x 24' attached garage. The owners had a nicer house, never lost it either!

Good luck on finding that special house, it will happen for ya.


Patria    Posted 12-22-2003 at 10:41:09       [Reply]  [Send Email]
Beautiful house, Kelly.
That's close to Atlanta, right?
Where are you in GA?

You say it's abandoned?
This takes me back to the first time my husband told me that in Holland an abandoned house is free for the taking, without any $$ changing hands, it's a practice the college and high school students indulge in and keep the police and high authorities busy. I just couldn't believe him, until earlier this year when his niece, boyfriend and friends took over a house. They might be allowed to remain in the house either, until they can get to take another one, or the owner turn in some prove that he really sold it, or, depending on the mood the spoke person/middleman/lawyer woke up that day.
Still have a hard time believing this scene..:-)

Good luck with your search, Kelly.
Patria


Red Dave    Posted 12-22-2003 at 09:50:23       [Reply]  [No Email]
Abandoned? I would sure want to know why before I made any offer.

Looks like a nice place, why would it be abandoned? Calls for a real thorough title search and a good inspector.


Gary, Mt. Hermon.La    Posted 12-22-2003 at 11:56:35       [Reply]  [No Email]
I agree with Red Dave. Good inspection of the house, foundation, property and associated history going back 20 years. (I know of property for sale that if full of pine trees now but was a landfill 20 years ago.) Check surrounding properties and talk to home/landowners in the immediate area and upstream from the property. Check into any zoning issues which may be pending or underdiscussion. Look into road construction contracts already let or scheduled to be let in the next few years.

It appears to be a beautiful home, I'd wonder too why it has been abandoned. House and 4 acres, I have no idea what it would be worth in that area. Check recent surrounding realestate sales transactions. You need to get an idea of what the area market value is so you dont over or under bid should you decide to make an offer.


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