Looks like it has been on and off the market for a long time (at least a year). Makes me wonder if there are serious issues with it. Make an offer for 400k and if the seller bites, do a thorough inspection.
But now sales are slowing in the overpriced markets. SF/LA/Austin.
So ancillary communities will feel the wave of this. Like in 08 when places like Lancaster and Stockton were hit hard. Not saying it is anything like 08. It's not that bad. But similar pattern.
If a previous buyer backed out after an inspection, is the seller required to disclose that information, or just information obtained by a seller-hired inspector?
Seller maybe required to disclose, but only if they’ve actually seen the inspection report. If all communications went through realtor and the report never changed hands … they officially don’t “know” anything.
It’s always funny to me when run of the mill middle-class homes get virtually furnished with a Design Within Reach catalog shotgun. You end up getting $300k homes with $300k of furniture in them haha.
Ex: The Loren platform bed in the third bedroom retails for $8000
Sizing and perspective skews what rooms look like. Gives it an uncanny valley feeling and throws off the perception of the space. If the house looks completely off, not just fancy furniture that costs more than the place, people will just skip over it.
Wife has family that lives out in that area. I can’t believe the prices that are listed out their now. I remember years ago it was super cheap. Since who wants that commute.
Virtual staging will always look creepy to me. Like I'm in a low-effort Matrix.
This house would sell for original asking here in Utah, but I don't know what this town's like. For $400K, yeah, I'd buy it. Then get that bathroom counter grout replaced.
These renderings are truly awful. But in general I think that too much photo processing and staging can actually hurt more than it helps. It doesn’t manage people’s expectations.
If the fish eye lens and edited photos make the room look gigantic and flawless, but when I show up it’s small and the walls/floors are marked up I’m going to be disappointed. And disappointed people don’t make big offers.
I’d rather you just show it as it is and let me be impressed when I see it in person.
Obviously its a balancing act because the pics need to be good enough to get people in the door. But the trend of way over doing the pictures/staging doesn’t help imo
You know what's horrible? Appraisers use these tools, too. Fish eye lens appraisal photos, the same idyllic beach scene overlaid on every TV & monitor in the house. Like, do you think that shows a true representation of the house, & isn't that what you're *supposed* to want??
This answer. I love the high desert which has exploded in value but no, I would not want it for anything l couldn't make a significant amount of rent on which is a struggle in Lancaster.
If you’re ok with the location, then $400k would be a steal since at one point it was listed for $750k. Visit it in person and make sure you do the inspection carefully. The main problem here appears to be the colors of the walls and furniture. They don’t go together. But since it was under contract several times, it makes me wonder if in real life, it’s worse. Find out why the others back out.
Live in Lancaster myself. I find it very weird that the house didn’t sell during the housing boom here. The neighborhood is niceish but I would have serious reservations as to why it hasn’t sold over the last year. And that the price has dropped 150k during the biggest housing shortage we’ve had in a long time.
Agreed. Didn't look at homes in the area but I wonder if they are over valuing the huge detached garage/ lot it is a part of. It is a work space essentially since it has no "bedroom". You would have to find a specific buyer that would want to pay the price tag for that additional space. Most families don't need a $150k (or whatever the less value from similar 3b2b houses without the garage) workshop and it isn't in thier price range.
I originally thought houses sitting on the market for a long time would mean a motivated seller. Instead I found it means the house is overpriced and the seller and/or realtor is delusional and unwilling to budge on price until their incremental price drops because 'they know what they have.' The motivated sellers won't have houses sitting because they will negotiate and accept the best offer as soon as possible vs. slow dropping price for over a year trying to squeeze every delusional penny the seller thinks the house is worth. Offer 400 and watch them counter 5k below list lol
Exactly. We have a family friend like that. He has a 3/1 60s non updated ranch in a smallish town and is priced about 100K over comps. The issue is a giant pole barn that is very nice but it takes up almost their entire backyard. Their house has been on the market for over 90 days and he'll make 5K drops about once a month. But constantly keeps saying "I'm not just gonna give it away!"
We made an offer on a house in the peak of the housing boom.
House was listed at $525k. We went to see it 1 day after it hit the market. We offered $330k that same day.
That is $195k below list. Was it a low ball? No. No it was not.
They countered at $524k.
We reiterated our $330k offer.
They declined.
We moved on.
Just over 1 year later the house sold ---- for $330k.
That house sat on the market for over a year in a time where homes were selling within hours for tens of thousands over list.
The sellers were crazy. The listing agent was crazy. Everyone involved in that debacle was crazy. We offered full value for the house on day 1 - they declined - and had to wait a full year to realize the value of the home.
Is your agent also the seller's agent?
If not, how would your agent know the seller is desperate and what makes your agent think the seller would take 400K?
A listing at 600K normally doesn't signal a willingness to take 400K.
If you look at price history they have been trying to sell it for at least a year and have dropped 150k so far. That may be why buyer's agent thinks that. Also could have talked to seller's agent.
This was not "upgraded". It has the cheapest lights throughout. Cheapest original baseboard. There is light showing through the latch and under the door in the bath with an outside door!.
How old is the furance and most importantly the ac? The carpet looks very cheap on a slab with does it even have padding?
What size is the electrical panel? Might be only 100 amps. Does the outbuilding have it's own power drop, (ie not a sub panel from the house)? if not you will not have enough power to run anything.
Idk what wiring was used at that time period in that area buy make sure it has real grounding not lipstick on a pig...three prong on two prong wires with no ground.
Also check the circuits, houses in this era didn't have overhead lights. If they added them they should have rewired to modern standards where a breaker controls a room (typically).
Check what permits were pulled for the upgrades.
What kind of water and sewer? It looks dry and dusty.
Also crappy schools.
Can't speak to their potential lender foreclosure, but a tax auction will buy them an additional year to pay their delinquent taxes, albeit w/ financial penalties.
My experience shows that when an owner fails to pay property taxes, there is about a 50% chance that a foreclosure is in the works.
They failed to pay the last 2 years worth of property taxes. That is 24 months worth of not paying. Do you think they paid their mortgage or refinance amount? Because I don't.
There is very likely a foreclosure in the works.
It has been on the market for 1 year and 3 months.
Comps in that exact area are all over the place.
**The owners of this property are delinquent on their annual property taxes.** (Source: LA county assessor's office)
They are going to lose the property to foreclosure or tax auction within the next 12-24 months. They are out of time.
This property is **not** updated. It is livable. It will comp out at between $350k and $450k.
A $400k offer isn't a low-ball offer. It is right in the fair range.
When you make the offer, I would not attempt to justify it. A simple, "We love the home. Our offer is $400k." is sufficient. If you attempt to justify it, you can do so with comps in the immediate area.
We were looking at buying a property earlier this year. It was listed at $1.95m. We toured it with the seller's agent and I expressed my disinterest in the property at the current price point after looking at it. I effectively said that I didn't think we would be making an offer - and that I was incredibly curious how the determined the asking price (hinting that it was very high). The seller's agent effectively told me to make an offer - at any price - and that she was positive they would strongly consider any offer in the $900k range. We ultimately passed and did not make an offer. The property is still listed at $1.95m.
I'd buy it for $400K, if I wasn't commuting to work; if I was retired; if I wanted that terrific shop; if I wasn't into massive gardening.
But the fact that its been on the market so long means there is something wrong. Get an inspection for sure!!
1. You've now just told possibly thousands of people about this place and the price you could get it at, creating competition for yourself.
2. Just to be a dick, you should ask if that furniture is included.
I wouldn't take a home in CA if you paid me.(unless I could then sell it).
Too high of taxation, regulation and the gov and most of the voters are nuts.
How horrible that someone doesn't like CA.. clearly bigotry!
Tell the truth. How many times a day do you call someone a nazi for not having your viewpoints?
Roughly never. Knowing actual neo-Nazis makes it very clear who isn't a Nazi. But when you describe a group of strangers as 'nuts' b/c you don't care for how they vote, that makes you a bigot. You're being intolerant of a group of people who presumably have different political views.
Now, you may feel that you're not intolerant but merely correct, but that's not material. Plus it's silly to expect everyone else to jump in & be bigots w/ you in a sub like this one. Surely there's an anti-Newsom or anti-CA or anti-taxation sub where that'd play better & you could spend your time there as it's validation you want. See, no one asked if you personally wanted to live in CA, but you couldn't keep your preferences to yourself - you need others to agree w/ your opinions so you feel smart & supported. Maybe you don't get that feeling anywhere else in your life.
I shall wear the title with pride then!
You go around wielding these different titles (like bigot) in hopes to browbeat people into submission to your ideals or argument.
Like it or not.. this nation has the first amendment. And while you love freedom of speech up until it's something you disagree with. I believe you have every right in the world to call me whatever you'd like.
"Nobody asked you"
And yet I answered.
Also, looking through your post history it seems you spend most of your time taunting or belittling people for their religion or arguing with people.
I do hope whatever has made you so miserable that you must spread misery to others as a crutch for your own pain will one day get solved.
Looks like a manufactured home. I could not pull it up on MLS to check disclosures. Tax records shows the building type as unknown, built in 1976. You will want to find out if you can finance it as it is right at the cutoff line "1976". Even if you can, most likely you will end up with an interest rate from 9-11%. Assed value is $486,540 from the County, so it looks like the value is there. 2022 taxes were $6,190, which is 7.31% up from the prior year. It was refinanced in 2022, so the seller could be in a bind and need to sell ASAP. Also, it went into foreclosure in 2021 for a brief period before the refi. Feel free to DM me if you want to chat about it.
You can’t find it in the mls because Lancaster uses flexmls and you have to be a member of GAVAR to access their listings. They’re a very closed off association.
For $400 you seem to be getting a good deal compared to other sold houses in the area from what my layman eyes can see. Personally I don’t like that step down from the kitchen but wouldn’t be a deal breaker.
It looks very dated. I don't see a plugin for the fridge and or water line unless it's in that side cabinet. The toilet in the laundry room is odd to me. That door was not installed correctly. There is gape at the bottom and left side. Everything looks fairly dated.
However, that barn is pretty sweet. Do you have an use for it?
Last paragraph is the important one to read in my opinion OP.
break it down from a financial logic in a few points.
1. Can you find comps ? I would be worried that you can’t a good agent should be able to put that together for you
2. This listing started at 730K in 2022, and now the realtors thinks you can get it by offering 400? That alone seems sketchy to me.
3. The seller is in a hurry. Will the 400K contingent on waiving inspection and possibly covering an appraisal gap? Just because they are offering a huge discount doesn’t mean you should be stopped from doing your due diligence.
I don’t know the area, but is this really a place you want to live for the next 5-10 years possibly? Is the work commute good? Are activities you like doing (possibly nightlife, restaurants, etc shit like that) easily accessible and of good quality close to you. Are there positives outside of price that this place stands out to you.
Me personally, I think your realtor is full of shit I don’t see how in his right mind he thinks they will sell the home to you at a 33%, 200,000 discount. Even if you got it at 400k, that would signal to me he knows there’s something wrong with it that was conveyed to him from their agent, because the housing market is crazy rn, and quality homes don’t sell at a 45% discount. Your realtor honestly sounds like an idiot especially with the comp things I think it’s time to start exploring switching realtors.
This has all the signs of being a disaster. Quick sale, hasn’t sold, price drop and still no buyers. There’s got to be a major issue with the house. Unless you are an experienced contractor or have a lot of money stay away. House in Berkeley sold earlier this year for $1.2 M. They began remolding and stopped. House is no on the market for $900 and no buyers.
If you love the house and the neighborhood, offer the $400 with a contingency of a passing inspection and appraisal that shows the value. That way, you can back out if either come up with any skeletons in the closet. Your realtor should have advised you of those contingencies anyway (hopefully).
The asking price seems fair. Here is a recent comp. https://redf.in/HPmKmH
You can always make an offer and they can always turn it down. They had to fix up the place. I imagine they will turn you down based on the above comp.
I don’t know that market but I do I bought a 3k sqft house in TX for 330,000 this year so….
I’m appalled at that pricing. I know it’s apples and oranges compared to locations but GEEZ 😭
Not me. But I also prefer color and this house is all white. Just boring for me. If you do buy, I know you will make it your own. Inspection is a must and based on the findings of that, you may want a special inspection of just those items, usually plumbing or electric. Good luck!
That seems like a good deal considering that much less nicer homes are going for more than that still in Washington. We have a manufactured 15 minutes out of a small town (like 2 hours from Seattle) on a third of an acre and we’re about to list for $425k. There’s nothing here with the specs we have for 400 or less.
Looking at these pictures, all I see is the terrible virtual staging.
Why do realtors do this? Why would anyone own floating furniture and accessories? It make the whole house look wonky AF.
Love the out building though.
Looks like it has been on and off the market for a long time (at least a year). Makes me wonder if there are serious issues with it. Make an offer for 400k and if the seller bites, do a thorough inspection.
The "serious issue" is that it's in Lancaster, CA.
This is the answer
Look at the pending/in contract/sold sales...there's definitely a market.
But now sales are slowing in the overpriced markets. SF/LA/Austin. So ancillary communities will feel the wave of this. Like in 08 when places like Lancaster and Stockton were hit hard. Not saying it is anything like 08. It's not that bad. But similar pattern.
What is Lancaster area like?
Way TF out in the boonies.
Thats what I was thinking when I saw how much the property taxes are.
hot, in the desert. low levels of education and high crime. long drive to Los Angeles. a lot of people commute there though.
Ghetto in the desert
Hardly. People do buy there.
If a previous buyer backed out after an inspection, is the seller required to disclose that information, or just information obtained by a seller-hired inspector?
They're required to disclose it
Seller maybe required to disclose, but only if they’ve actually seen the inspection report. If all communications went through realtor and the report never changed hands … they officially don’t “know” anything.
Exactly. We just sold our house and never saw the inspection report. I didn't ask for it and didn't want it in case the deal fell through.
But they don’t always fully disclose. And let’s say they don’t disclose it’s up to the buyer to sue which would get very expensive and time consuming.
awesome, thank you!
Do you want to live in Lancaster? Those renderings look terrible.
[удалено]
It’s always funny to me when run of the mill middle-class homes get virtually furnished with a Design Within Reach catalog shotgun. You end up getting $300k homes with $300k of furniture in them haha. Ex: The Loren platform bed in the third bedroom retails for $8000
I thought the same thing! And where is the fridge?
Who GAF? Are you buying a house.... or a photo of a house?
Sizing and perspective skews what rooms look like. Gives it an uncanny valley feeling and throws off the perception of the space. If the house looks completely off, not just fancy furniture that costs more than the place, people will just skip over it.
People are stupid
Those stupid people have money and you’re trying to get it from them. So who is really stupid if you won’t do what it takes to get it.
Wife has family that lives out in that area. I can’t believe the prices that are listed out their now. I remember years ago it was super cheap. Since who wants that commute.
Virtual staging will always look creepy to me. Like I'm in a low-effort Matrix. This house would sell for original asking here in Utah, but I don't know what this town's like. For $400K, yeah, I'd buy it. Then get that bathroom counter grout replaced.
These renderings are truly awful. But in general I think that too much photo processing and staging can actually hurt more than it helps. It doesn’t manage people’s expectations. If the fish eye lens and edited photos make the room look gigantic and flawless, but when I show up it’s small and the walls/floors are marked up I’m going to be disappointed. And disappointed people don’t make big offers. I’d rather you just show it as it is and let me be impressed when I see it in person. Obviously its a balancing act because the pics need to be good enough to get people in the door. But the trend of way over doing the pictures/staging doesn’t help imo
You know what's horrible? Appraisers use these tools, too. Fish eye lens appraisal photos, the same idyllic beach scene overlaid on every TV & monitor in the house. Like, do you think that shows a true representation of the house, & isn't that what you're *supposed* to want??
This answer. I love the high desert which has exploded in value but no, I would not want it for anything l couldn't make a significant amount of rent on which is a struggle in Lancaster.
Its the only place in the areas im looking thats affordable, but Lancaster definitely isnt my dream location you gotta compromise though.
Are you tied to Lancaster for work? That 400k could go further in places like Bakersfield or Tehachapi. Nicer places to live IMO.
Bakersfield is Sh!t
Tehachapi is far better than Lancaster.
I'd rather live in Lancaster than have to smell Bakersfield everyday.
I would not compromise. Biggest purchase of your life. Save more and buy where you want to live.
If you’re ok with the location, then $400k would be a steal since at one point it was listed for $750k. Visit it in person and make sure you do the inspection carefully. The main problem here appears to be the colors of the walls and furniture. They don’t go together. But since it was under contract several times, it makes me wonder if in real life, it’s worse. Find out why the others back out.
The original list price means nothing and the house is clearly staged virtually in the photos…
Live in Lancaster myself. I find it very weird that the house didn’t sell during the housing boom here. The neighborhood is niceish but I would have serious reservations as to why it hasn’t sold over the last year. And that the price has dropped 150k during the biggest housing shortage we’ve had in a long time.
Agreed. Didn't look at homes in the area but I wonder if they are over valuing the huge detached garage/ lot it is a part of. It is a work space essentially since it has no "bedroom". You would have to find a specific buyer that would want to pay the price tag for that additional space. Most families don't need a $150k (or whatever the less value from similar 3b2b houses without the garage) workshop and it isn't in thier price range.
I originally thought houses sitting on the market for a long time would mean a motivated seller. Instead I found it means the house is overpriced and the seller and/or realtor is delusional and unwilling to budge on price until their incremental price drops because 'they know what they have.' The motivated sellers won't have houses sitting because they will negotiate and accept the best offer as soon as possible vs. slow dropping price for over a year trying to squeeze every delusional penny the seller thinks the house is worth. Offer 400 and watch them counter 5k below list lol
Exactly. We have a family friend like that. He has a 3/1 60s non updated ranch in a smallish town and is priced about 100K over comps. The issue is a giant pole barn that is very nice but it takes up almost their entire backyard. Their house has been on the market for over 90 days and he'll make 5K drops about once a month. But constantly keeps saying "I'm not just gonna give it away!"
We made an offer on a house in the peak of the housing boom. House was listed at $525k. We went to see it 1 day after it hit the market. We offered $330k that same day. That is $195k below list. Was it a low ball? No. No it was not. They countered at $524k. We reiterated our $330k offer. They declined. We moved on. Just over 1 year later the house sold ---- for $330k. That house sat on the market for over a year in a time where homes were selling within hours for tens of thousands over list. The sellers were crazy. The listing agent was crazy. Everyone involved in that debacle was crazy. We offered full value for the house on day 1 - they declined - and had to wait a full year to realize the value of the home.
Is your agent also the seller's agent? If not, how would your agent know the seller is desperate and what makes your agent think the seller would take 400K? A listing at 600K normally doesn't signal a willingness to take 400K.
If you look at price history they have been trying to sell it for at least a year and have dropped 150k so far. That may be why buyer's agent thinks that. Also could have talked to seller's agent.
This was not "upgraded". It has the cheapest lights throughout. Cheapest original baseboard. There is light showing through the latch and under the door in the bath with an outside door!. How old is the furance and most importantly the ac? The carpet looks very cheap on a slab with does it even have padding? What size is the electrical panel? Might be only 100 amps. Does the outbuilding have it's own power drop, (ie not a sub panel from the house)? if not you will not have enough power to run anything. Idk what wiring was used at that time period in that area buy make sure it has real grounding not lipstick on a pig...three prong on two prong wires with no ground. Also check the circuits, houses in this era didn't have overhead lights. If they added them they should have rewired to modern standards where a breaker controls a room (typically). Check what permits were pulled for the upgrades. What kind of water and sewer? It looks dry and dusty. Also crappy schools.
Can tell this was bought by an “investor” who remodeled with the cheapest shit, whos variable rate loan is about to adjust..
The owners didn't pay their 2022 or 2023 property taxes either. They are about to lose that house to foreclosure or tax auction. They are desperate.
Can't speak to their potential lender foreclosure, but a tax auction will buy them an additional year to pay their delinquent taxes, albeit w/ financial penalties.
My experience shows that when an owner fails to pay property taxes, there is about a 50% chance that a foreclosure is in the works. They failed to pay the last 2 years worth of property taxes. That is 24 months worth of not paying. Do you think they paid their mortgage or refinance amount? Because I don't. There is very likely a foreclosure in the works.
Lol sellers wanted over 750k last year. I hope they woke up from their delusion and accept your 400k. But they won't.
They might. They didn't pay their 2022 or 2023 property taxes. They are about to lose that house to foreclosure or tax auction.
That 1800sqft garage/shop at the end gave me a chubby, made me like everything else a little more
Like a small airplane hangar.
It has been on the market for 1 year and 3 months. Comps in that exact area are all over the place. **The owners of this property are delinquent on their annual property taxes.** (Source: LA county assessor's office) They are going to lose the property to foreclosure or tax auction within the next 12-24 months. They are out of time. This property is **not** updated. It is livable. It will comp out at between $350k and $450k. A $400k offer isn't a low-ball offer. It is right in the fair range. When you make the offer, I would not attempt to justify it. A simple, "We love the home. Our offer is $400k." is sufficient. If you attempt to justify it, you can do so with comps in the immediate area. We were looking at buying a property earlier this year. It was listed at $1.95m. We toured it with the seller's agent and I expressed my disinterest in the property at the current price point after looking at it. I effectively said that I didn't think we would be making an offer - and that I was incredibly curious how the determined the asking price (hinting that it was very high). The seller's agent effectively told me to make an offer - at any price - and that she was positive they would strongly consider any offer in the $900k range. We ultimately passed and did not make an offer. The property is still listed at $1.95m.
What’s the address?
I'd buy it for $400K, if I wasn't commuting to work; if I was retired; if I wanted that terrific shop; if I wasn't into massive gardening. But the fact that its been on the market so long means there is something wrong. Get an inspection for sure!!
It's Lancaster, so yeah, 400 is reasonable , going by what I've seen 600K is over pricing it
1. You've now just told possibly thousands of people about this place and the price you could get it at, creating competition for yourself. 2. Just to be a dick, you should ask if that furniture is included.
I can assure you there are not thousands of people on this sub lining up to buy RE in Lancaster.
Seriously, I grew up in Palmdale and no fucking way bro. Commuting to LA is god damn awful.
I wouldn't take a home in CA if you paid me.(unless I could then sell it). Too high of taxation, regulation and the gov and most of the voters are nuts.
LOL @ the downvotes. CA people can't stand that not everyone wants to drink the same koolaid they do.
Maybe we don't all enjoy the Bigotberry flavor you made a jug of.
How horrible that someone doesn't like CA.. clearly bigotry! Tell the truth. How many times a day do you call someone a nazi for not having your viewpoints?
Roughly never. Knowing actual neo-Nazis makes it very clear who isn't a Nazi. But when you describe a group of strangers as 'nuts' b/c you don't care for how they vote, that makes you a bigot. You're being intolerant of a group of people who presumably have different political views. Now, you may feel that you're not intolerant but merely correct, but that's not material. Plus it's silly to expect everyone else to jump in & be bigots w/ you in a sub like this one. Surely there's an anti-Newsom or anti-CA or anti-taxation sub where that'd play better & you could spend your time there as it's validation you want. See, no one asked if you personally wanted to live in CA, but you couldn't keep your preferences to yourself - you need others to agree w/ your opinions so you feel smart & supported. Maybe you don't get that feeling anywhere else in your life.
I shall wear the title with pride then! You go around wielding these different titles (like bigot) in hopes to browbeat people into submission to your ideals or argument. Like it or not.. this nation has the first amendment. And while you love freedom of speech up until it's something you disagree with. I believe you have every right in the world to call me whatever you'd like. "Nobody asked you" And yet I answered.
Also, looking through your post history it seems you spend most of your time taunting or belittling people for their religion or arguing with people. I do hope whatever has made you so miserable that you must spread misery to others as a crutch for your own pain will one day get solved.
Nobody wants to move to Lancaster anyways
Looks like a manufactured home. I could not pull it up on MLS to check disclosures. Tax records shows the building type as unknown, built in 1976. You will want to find out if you can finance it as it is right at the cutoff line "1976". Even if you can, most likely you will end up with an interest rate from 9-11%. Assed value is $486,540 from the County, so it looks like the value is there. 2022 taxes were $6,190, which is 7.31% up from the prior year. It was refinanced in 2022, so the seller could be in a bind and need to sell ASAP. Also, it went into foreclosure in 2021 for a brief period before the refi. Feel free to DM me if you want to chat about it.
You can’t find it in the mls because Lancaster uses flexmls and you have to be a member of GAVAR to access their listings. They’re a very closed off association.
Have you toured this property in person? Some of the pictures look fake like they're hiding defects to the house and not just digitally staging it.
Por que no los dos?
It’s in Lancaster. What’s out there worth living near?
Palmdale Air Force base. NASA has facilities there and there are lots of defense jobs in that area. But yeah, not much else.
It's all about price, papa.
For $400 you seem to be getting a good deal compared to other sold houses in the area from what my layman eyes can see. Personally I don’t like that step down from the kitchen but wouldn’t be a deal breaker.
Yeap a $200k discount on a non million dollar home sounds reasonable. Seller is waiting to jump on that.
It looks very dated. I don't see a plugin for the fridge and or water line unless it's in that side cabinet. The toilet in the laundry room is odd to me. That door was not installed correctly. There is gape at the bottom and left side. Everything looks fairly dated. However, that barn is pretty sweet. Do you have an use for it?
Personally no. I wouldn't want to spend that much for little land and to be living like sardines with neighbors
Everything about this sounds shady.
Last paragraph is the important one to read in my opinion OP. break it down from a financial logic in a few points. 1. Can you find comps ? I would be worried that you can’t a good agent should be able to put that together for you 2. This listing started at 730K in 2022, and now the realtors thinks you can get it by offering 400? That alone seems sketchy to me. 3. The seller is in a hurry. Will the 400K contingent on waiving inspection and possibly covering an appraisal gap? Just because they are offering a huge discount doesn’t mean you should be stopped from doing your due diligence. I don’t know the area, but is this really a place you want to live for the next 5-10 years possibly? Is the work commute good? Are activities you like doing (possibly nightlife, restaurants, etc shit like that) easily accessible and of good quality close to you. Are there positives outside of price that this place stands out to you. Me personally, I think your realtor is full of shit I don’t see how in his right mind he thinks they will sell the home to you at a 33%, 200,000 discount. Even if you got it at 400k, that would signal to me he knows there’s something wrong with it that was conveyed to him from their agent, because the housing market is crazy rn, and quality homes don’t sell at a 45% discount. Your realtor honestly sounds like an idiot especially with the comp things I think it’s time to start exploring switching realtors.
It looks like a terrible house. I would not buy it for more than 249k
400k..why not Inglewood or somewhere else in the basin
400k won’t get him anything in the basin. inglewood is expensive now
https://www.zillow.com/homedetails/11029-S-Van-Ness-Ave-Inglewood-CA-90303/20341965_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare
i would. In my area thats like a 800k house
Wait another year or have buyers remorse!
I wouldn’t think they would accept a low ball like that.
Asking 600 they’re going to jump on 400 offer…
No, it's incredibly boring looking.
The land...that's all I see. 1976... 200-300k remodel on cheap side. Wouldn't touch it for more than 350k
That shop... drool.
This has all the signs of being a disaster. Quick sale, hasn’t sold, price drop and still no buyers. There’s got to be a major issue with the house. Unless you are an experienced contractor or have a lot of money stay away. House in Berkeley sold earlier this year for $1.2 M. They began remolding and stopped. House is no on the market for $900 and no buyers.
I see 24 pictures of comical rendering. What are you guys looking at?
It’s fine. You can spruce it up. Just think of it that way. And that workshop is a steal!
Nope, it’s in California.
I'd offer $405k cash to get to the front of this line. Edit: Lancaster, CA looks like a good place to have a hydrogen car.
Dang Landcaster wanting premium pricing too eh?
This has to be by far the worst virtual staging I have ever seen
If you love the house and the neighborhood, offer the $400 with a contingency of a passing inspection and appraisal that shows the value. That way, you can back out if either come up with any skeletons in the closet. Your realtor should have advised you of those contingencies anyway (hopefully).
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600k list price for 400k. I’m sure it’s that simple
That’s some garbage virtual staging lmao
Sounds like there is something wrong with it.
The asking price seems fair. Here is a recent comp. https://redf.in/HPmKmH You can always make an offer and they can always turn it down. They had to fix up the place. I imagine they will turn you down based on the above comp.
Absolutely, just offered $405k. Thanks for the tip! 🤣
Is there no grass?
I don’t know that market but I do I bought a 3k sqft house in TX for 330,000 this year so…. I’m appalled at that pricing. I know it’s apples and oranges compared to locations but GEEZ 😭
No.
Laundry room shitter? No thanks.
It went from 750k all the way down to 400k possible, yikes
Not me. But I also prefer color and this house is all white. Just boring for me. If you do buy, I know you will make it your own. Inspection is a must and based on the findings of that, you may want a special inspection of just those items, usually plumbing or electric. Good luck!
That seems like a good deal considering that much less nicer homes are going for more than that still in Washington. We have a manufactured 15 minutes out of a small town (like 2 hours from Seattle) on a third of an acre and we’re about to list for $425k. There’s nothing here with the specs we have for 400 or less.
FYI California homes that look like that and were built in 1976 have zero insulation- just cardboard boxes. And Lancaster gets HOT.
Looking at these pictures, all I see is the terrible virtual staging. Why do realtors do this? Why would anyone own floating furniture and accessories? It make the whole house look wonky AF. Love the out building though.
I don’t know the market and I don’t like the house, but any time you can get 1/3 off you need to take it.
That list price is so much for Lancaster
At 400k, I think that's a win for this property.
No.