I created a table of houses. I've listed the following:
1. Picture of the house
2. MLS #
3. Address/location
4. Foreclosure price - the price the bank bought the house back for
5. Price the house was first listed at and date
6. Notes/ history and information that i can gather from zillow/redfin
7 The current price
8. Status: This could be that it's "active"/Pending or I've used it to add numbers to help me sort the houses by particular orders.
This table is just in Word but was very helpful in helping me track the houses. As their status changed to "pending" I would just sort the table and move those houses to a different page. I am still tracking the houses we made offers on. If anything, I want to know what they sold for. Maybe it's trying to rub salt into an open wound but ultimately, I still believe we will end up with the best house at the right time. So far, it hasn't been any of the other houses. It's okay. It really is. I still got depressed after losing out on the last house and I really feel like the pickings/options have slimmed down tremendously. In fact, I'm starting to see houses that sold for $80,000 in November or January re-listed at $180,000. It's crazy to me that there really is still a housing market out there but only for those investors with the money and the means to jump in as soon as a house is listed. We move a little slower.
So, Saturday we drove around several houses. I included houses in our budget that were in neighborhoods we had already x'd out. I think a part of me wanted to see if the houses were in weird awesome pockets and they should be ones we jump on.
We compiled the following list of houses we wanted to see.
1. The Fire House - This house foreclosed in December and then there was a fire recently. They listed this house at $80,000. I walked around the house - the ceiling and roof would need to be replaced in the whole house. In fact, it was probably a total gut job. BUT for $80,000 in the town that it was in? The property was over .5 acres. The more we thought about it, we could even store everything in the garage and go rent something really cheap while we slowly fixed up that house for the price it was listed. I even looked at cheap trailers to live in or ways to build garages with a flat above for cheap.
2. The 1/2 price house - this house was listed at 114k. It was pending and then 3 days later, it's listed for $64,5000.
3. The drop house - this house is listed at $156k but it's been at that price for one month. Therefore, based on it's current schedule, it should drop 10-20k in the next 7 days.
4. The hidden Garage Harp house - this house was surprising. It's listed as a 2 bedroom 1 bath house - 1380 square feet. The neighborhood was great! From the street, you can see the Port of Tacoma. There is lots of privacy for the house even though it's a corner house. There was a garage sale across the street. The lady was selling a harp; my mom has always wanted a harp. Mike told me to go talk with her. So, I found out the harp was handmade by her son and she was selling it for $10. I don't know if it's a good harp, it's pretty. It needs a little work but for $10 - Mike wouldn't let me walk away without buying it. He didn't want to hear me say 5 minutes later, "I should have bought it for $10...."
Anyway, I talked with the lady over the sale and asked her about the house. She said a man lived there by himself for years. He was finally moved to an Alzheimer's unit and now the house was for sale so he must have died. She said the neighborhood was great - that the houses on either side of her were recently bought and updated/fixed-up. As we drove around, the street has new and old houses on it. It seems like a good neighborhood.
So that's our list for the Realtor... We'll see what happens Monday night.
1. Picture of the house
2. MLS #
3. Address/location
4. Foreclosure price - the price the bank bought the house back for
5. Price the house was first listed at and date
6. Notes/ history and information that i can gather from zillow/redfin
7 The current price
8. Status: This could be that it's "active"/Pending or I've used it to add numbers to help me sort the houses by particular orders.
This table is just in Word but was very helpful in helping me track the houses. As their status changed to "pending" I would just sort the table and move those houses to a different page. I am still tracking the houses we made offers on. If anything, I want to know what they sold for. Maybe it's trying to rub salt into an open wound but ultimately, I still believe we will end up with the best house at the right time. So far, it hasn't been any of the other houses. It's okay. It really is. I still got depressed after losing out on the last house and I really feel like the pickings/options have slimmed down tremendously. In fact, I'm starting to see houses that sold for $80,000 in November or January re-listed at $180,000. It's crazy to me that there really is still a housing market out there but only for those investors with the money and the means to jump in as soon as a house is listed. We move a little slower.
So, Saturday we drove around several houses. I included houses in our budget that were in neighborhoods we had already x'd out. I think a part of me wanted to see if the houses were in weird awesome pockets and they should be ones we jump on.
We compiled the following list of houses we wanted to see.
1. The Fire House - This house foreclosed in December and then there was a fire recently. They listed this house at $80,000. I walked around the house - the ceiling and roof would need to be replaced in the whole house. In fact, it was probably a total gut job. BUT for $80,000 in the town that it was in? The property was over .5 acres. The more we thought about it, we could even store everything in the garage and go rent something really cheap while we slowly fixed up that house for the price it was listed. I even looked at cheap trailers to live in or ways to build garages with a flat above for cheap.
2. The 1/2 price house - this house was listed at 114k. It was pending and then 3 days later, it's listed for $64,5000.
3. The drop house - this house is listed at $156k but it's been at that price for one month. Therefore, based on it's current schedule, it should drop 10-20k in the next 7 days.
4. The hidden Garage Harp house - this house was surprising. It's listed as a 2 bedroom 1 bath house - 1380 square feet. The neighborhood was great! From the street, you can see the Port of Tacoma. There is lots of privacy for the house even though it's a corner house. There was a garage sale across the street. The lady was selling a harp; my mom has always wanted a harp. Mike told me to go talk with her. So, I found out the harp was handmade by her son and she was selling it for $10. I don't know if it's a good harp, it's pretty. It needs a little work but for $10 - Mike wouldn't let me walk away without buying it. He didn't want to hear me say 5 minutes later, "I should have bought it for $10...."
Anyway, I talked with the lady over the sale and asked her about the house. She said a man lived there by himself for years. He was finally moved to an Alzheimer's unit and now the house was for sale so he must have died. She said the neighborhood was great - that the houses on either side of her were recently bought and updated/fixed-up. As we drove around, the street has new and old houses on it. It seems like a good neighborhood.
So that's our list for the Realtor... We'll see what happens Monday night.
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