What Comes 1st?

I need some advise. I have a possible contract on a house, assessed for 49K owner asking 50k... since I first looked at it her daughter was staying there and created quite a mess. The bathrooms (2) need updating and the kitchen, which is in the basement and in poor condition now, I would like to move upstairs. I am looking to rent it out for a yaer and then sell. Or just sell. What should I get 1st, 3 estimates from contractors of how much the work will cost, then I could re-negotiate the price? Or should I get an appraisal or home inspection??? Any help would be nice.. Thanks

Comments(9)

  • wcherry72nd March, 2006

    Where would I get Comps, from a real estate agent or appraiser???

  • IBuyHousesInc2nd March, 2006

    What is the address and I can send you the comps

    _________________
    Michael Quarles

    "Marketing is the key to Successful Investing"[ Edited by IBuyHousesInc on Date 03/02/2006 ]

  • wcherry72nd March, 2006

    1500 N. Decker st. baltimore, md 21213

    Thanks!![ Edited by wcherry7 on Date 03/02/2006 ]

  • IBuyHousesInc2nd March, 2006

    First rule dont give out the address over the internet...

    Comparable Statistics
    Average Low High
    Sale Price $57,883 $35,000 $89,000
    Loan Amount $54,840 $30,000 $89,000
    Bedrooms
    Bathrooms 1.6 1 2
    Sqft 1332 1216 1570
    Sale$/Sqft $44 $26 $63


    25 Comparable Sales
    Owner: PRATT JOSEPH / PRATT ELLA V
    Address: 3107 E FEDERAL ST (0.06 mi) APN: 1492-028 Detail
    Beds/Baths: Sqft: 1420 Built: 1950
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0408
    Sale Date: 02/14/2005 Sale Amt: $89,000.00 Loan Amt: $89,000.00


    Owner: CE REALTY LLC /
    Address: 3004 E FEDERAL ST (0.08 mi) APN: 1476F-003 Detail
    Beds/Baths: Sqft: 1420 Built: 1950
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0439
    Sale Date: Sale Amt: Loan Amt:


    Owner: HOMEQ SERVICING CORP /
    Address: 3110 E FEDERAL ST (0.08 mi) APN: 1476F-031 Detail
    Beds/Baths: Sqft: 1420 Built: 1950
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0397
    Sale Date: 08/20/2005 Sale Amt: $56,000.00 Loan Amt:


    Owner: CARTER DELANO R /
    Address: 1412 N POTOMAC ST (0.10 mi) APN: 1509-023 Detail
    Beds/Baths: Sqft: 1356 Built: 1945
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0425
    Sale Date: 10/14/2005 Sale Amt: $57,500.00 Loan Amt:


    Owner: HOBSON CABRAL /
    Address: 1424 N LINWOOD AVE (0.14 mi) APN: 1508-029 Detail
    Beds/Baths: Sqft: 1356 Built: 1945
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0425
    Sale Date: 01/31/2005 Sale Amt: $60,000.00 Loan Amt: $57,000.00


    Owner: DUNCAN STACEY T /
    Address: 1412 N LINWOOD AVE (0.14 mi) APN: 1508-023 Detail
    Beds/Baths: Sqft: 1216 Built: 1945
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0425
    Sale Date: 09/10/2004 Sale Amt: $72,000.00 Loan Amt: $71,435.00


    Owner: DUA MOHAN / DUA DARSHAN
    Address: 1505 KENHILL AVE (0.15 mi) APN: 1489-012 Detail
    Beds/Baths: Sqft: 1216 Built: 1945
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0425
    Sale Date: 08/15/2005 Sale Amt: $71,500.00 Loan Amt: $53,625.00


    Owner: WOLDEYES MERSHA / ABEBE ELIZABETH
    Address: 2834 E FEDERAL ST (0.16 mi) APN: 1476B-049 Detail
    Beds/Baths: Sqft: 1356 Built: 1950
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0393
    Sale Date: 04/28/2005 Sale Amt: $59,850.00 Loan Amt:


    Owner: BIG GIRLZ LLC /
    Address: 1510 KENHILL AVE (0.17 mi) APN: 1489-024 Detail
    Beds/Baths: Sqft: 1356 Built: 1945
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0425
    Sale Date: Sale Amt: Loan Amt:


    Owner: DELIZIO PHILIP /
    Address: 1313 N LINWOOD AVE (0.18 mi) APN: 1525-007 Detail
    Beds/Baths: Sqft: 1340 Built: 1948
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0448
    Sale Date: 03/18/2005 Sale Amt: $64,500.00 Loan Amt: $61,600.00


    Owner: TODD REALTY LLC /
    Address: 1317 KENHILL AVE (0.21 mi) APN: 1524A-009 Detail
    Beds/Baths: Sqft: 1340 Built: 1948
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0448
    Sale Date: Sale Amt: Loan Amt:


    Owner: AWOFODU ENIOLA /
    Address: 1228 N ELLWOOD AVE (0.21 mi) APN: 1543-070 Detail
    Beds/Baths: Sqft: 1268 Built: 1928
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0249
    Sale Date: Sale Amt: $73,000.00 Loan Amt:


    Owner: EDWARDS ANGELA /
    Address: 1301 KENHILL AVE (0.22 mi) APN: 1524A-001 Detail
    Beds/Baths: Sqft: 1340 Built: 1948
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0671
    Sale Date: 04/29/2005 Sale Amt: $55,000.00 Loan Amt: $52,250.00


    Owner: LEE KEVIN T /
    Address: 1226 N ELLWOOD AVE (0.22 mi) APN: 1543-071 Detail
    Beds/Baths: Sqft: 1268 Built: 1928
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0249
    Sale Date: 01/30/2005 Sale Amt: $37,500.00 Loan Amt: $30,000.00


    Owner: DOMINION RENTALS LLC /
    Address: 1500 N KENWOOD AVE (0.23 mi) APN: 1488-029 Detail
    Beds/Baths: Sqft: 1452 Built: 1950
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0528
    Sale Date: 04/28/2005 Sale Amt: $56,700.00 Loan Amt:


    Owner: EQUITY HOLDINGS LLC /
    Address: 1220 N POTOMAC ST (0.23 mi) APN: 1542-074 Detail
    Beds/Baths: Sqft: 1268 Built: 1927
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0241
    Sale Date: 03/31/2005 Sale Amt: $46,200.00 Loan Amt:


    Owner: RANDOLPH LENISE L /
    Address: 1205 N ELLWOOD AVE (0.23 mi) APN: 1544-003 Detail
    Beds/Baths: Sqft: 1268 Built: 1928
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0251
    Sale Date: 03/31/2005 Sale Amt: $60,000.00 Loan Amt: $59,529.00


    Owner: FEDERAL NATIONAL MORTGAGE /
    Address: 1302 KENHILL AVE (0.23 mi) APN: 1524-002 Detail
    Beds/Baths: Sqft: 1280 Built: 1948
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0425
    Sale Date: Sale Amt: $54,000.00 Loan Amt:


    Owner: ALLISON JAMES S /
    Address: 1202 N POTOMAC ST (0.24 mi) APN: 1542-065 Detail
    Beds/Baths: Sqft: 1268 Built: 1927
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0249
    Sale Date: 08/31/2005 Sale Amt: $69,900.00 Loan Amt: $62,910.00


    Owner: ALLEN ORLANDO /
    Address: 1325 N KENWOOD AVE (0.25 mi) APN: 1524-029 Detail
    Beds/Baths: Sqft: 1340 Built: 1948
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0448
    Sale Date: 03/25/2005 Sale Amt: $68,000.00 Loan Amt: $61,200.00


    Owner: DJEBALO MARIE FREDA /
    Address: 2803 E PRESTON ST (0.27 mi) APN: 1541-002 Detail
    Beds/Baths: Sqft: 1371 Built: 1910
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0225
    Sale Date: Sale Amt: $35,000.00 Loan Amt:


    Owner: CORDELL LORENZO JR / CORDELL DIETRA A
    Address: 2702 E OLIVER ST (0.28 mi) APN: 1488-002 Detail
    Beds/Baths: Sqft: 1316 Built: 1930
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0229
    Sale Date: 07/29/2005 Sale Amt: $50,400.00 Loan Amt: $45,360.00


    Owner: ROBINSON TREVIS D /
    Address: 2700 E OLIVER ST (0.28 mi) APN: 1488-001 Detail
    Beds/Baths: Sqft: 1570 Built: 1930
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0249
    Sale Date: 08/15/2005 Sale Amt: $51,450.00 Loan Amt: $46,300.00


    Owner: MACK VALERIE /
    Address: 2738 E PRESTON ST (0.30 mi) APN: 1523-020 Detail
    Beds/Baths: Sqft: 1244 Built: 1942
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .03
    Sale Date: 09/01/2005 Sale Amt: $50,925.00 Loan Amt: $45,000.00


    Owner: SCOTT WILLIAM S / SCOTT GLORIA J
    Address: 2726 MURA ST (0.32 mi) APN: 1540-086 Detail
    Beds/Baths: Sqft: 1260 Built: 1941
    Use Code: TOWNHOUSE/ROWHOUSE Units: Lot Size: .0209
    Sale Date: 08/03/2005 Sale Amt: $35,000.00 Loan Amt: $32,550.00

    [addsig]

  • IBuyHousesInc2nd March, 2006

    The comps I posted are public record comps.... I would also call a Realtor in your area and give them the neighbors address and have them send you the MLS comps an it...

    Youre wanting SOLDS, Sale Pending and active listing as well as expireds...
    [addsig]

  • wcherry72nd March, 2006

    I just got them from a realtor friend...much better.

  • fdi2nd March, 2006

    Pretty good, which site did you use to pull the comps?

    eric

  • wcherry72nd March, 2006

    I Emailed him and he emailed back the listings of recently sold. Looks like now I need a good contractor.

  • jimandlacy2nd March, 2006

    Anybody on the forum using zillow? ite seems to be in beta test stage. Put together by the Expedia guys.

    Ran across it and checked it against current appraisals in central VA and found it coming in low here. Interested in comments from other areas.

    Jim

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