我要买的第一个银行拍卖房-Foreclosure

Last sale in April 2005 for $315000.
Owned by Bank since April 2007. Original listing for $339900.
Then reduced to $239900.
Then furthre reduced to $115000.

We decide to buy it. I called the listing agent a couple of times but no answer as it is thanksgiving day today. We will continue to work on it.

We promised to buy with cash and also close within two weeks. We also offered to $120000.

The community is not a good one. Though, except for the other foreclosures, similar houses are listed around $250000 if the condition is good. The other foreclosures are also listed for at least $200000.

I also checked the historic sales data of the community and found the similar houses were sold for around $140000 in 2001.

This specific one needs $20000 to install carpet, fix water chute, ceiling, and various parts. This will bring the total cost to $140000. We want to sell it at $200000 in a few months. After the commission and other closing cost, we might be able to get a profit of $50000.

I will report once I sign the contract and the rehab is in process.

敬请期待。

所有跟帖： 

• you may have to sell to you self maybe. -pediatrician2- ♂ (126 bytes) () 11/22/2007 postreply 20:44:08

• It's not easy to find one at the low low price. -va_landlord- ♂ (388 bytes) () 11/22/2007 postreply 20:50:42

• well done, good deal, congratulations. -thornbird888- ♂ (0 bytes) () 11/22/2007 postreply 23:41:35

• 请问你怎么查historic sales price? -如苑- ♀ (123 bytes) () 11/23/2007 postreply 00:33:44

• depents what country you are. -thornbird888- ♂ (0 bytes) () 11/23/2007 postreply 02:53:22

• I have access to MRIS list- my previous realtor gave me -va_landlord- ♂ (35 bytes) () 11/23/2007 postreply 06:07:42

• zillow -mnosense- ♂ (0 bytes) () 11/23/2007 postreply 09:57:17

• 祝马到成功！ -笨企鹅- ♀ (0 bytes) () 11/23/2007 postreply 06:53:26

• Why not rent it out? -mnosense- ♂ (0 bytes) () 11/23/2007 postreply 09:32:30

• 羡慕ing, 可否透露你如何找到这种拍卖房的? -Arizona8- ♂ (46 bytes) () 11/23/2007 postreply 10:39:25

• 网上- A bubble head wanted to prove how bad the market is -va_landlord- ♂ (101 bytes) () 11/23/2007 postreply 13:19:47

• 好学区的Foreclosure房极少 -test_1234567- ♂ (0 bytes) () 11/23/2007 postreply 11:15:49

• Agent told me there were 2 contracts on this -miat42- ♂ (122 bytes) () 11/24/2007 postreply 09:16:24

• Sounds like a good deal. Good luck. -cultuslake- ♂ (0 bytes) () 11/24/2007 postreply 22:51:26