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That House and Taxes

March 22nd, 2011 at 01:49 am

Well, DH picked up a flyer from that house that we've been eyeing up and it still looks very nice. It went into a lot more detail than most flyers. He was going to go by himself to the open house but they had just closed it when he got there so he just got the flyer. And apparently the house across the street and one house down is going to be put on the market in another week and it is also a good option, plus has a garage and is not on a corner so lower taxes, but still...we are not ready.

I do not think house number one is going to sell, though. Anyone with half a mind for research could find out that it was sold in April of last year for $178,000. They flipped it, which is obvious from all the changes that were made, but they were asking $479,000 for it when they first put it back on the market in August. Where it has sat doing nothing. They finally reduced the price to $419,000 a few months ago, but still nothing.

I doubt very much that they made $241,000 worth of changes. Maybe they made $50,000. And in a neighborhood where the median house sells for $150,000 to $200,000 and has a garage (which this one does not), they aren't going to get that price. I think it will just sit and sit and sit because of the greediness of the asking price. Which is okay with me. If it is still for sale in a year we might consider making an offer. But nowhere near that asking price.

My mother's house is six blocks away in a slightly more upscale and desireable area with much larger lots and her house is probably 1500 square feet larger, plus has a garage and is only valued at around $350,000 so they are definitely grasping. They are probably not local owners who thought they could make a fast buck, but not in this economy. I can be patient. Have to be anyway.

DH finished our taxes today. I will not mail them in until the 14th of April so that the money can collect what little interest there is as long as possible. We owe $5506.03. It is the first year we have ever owed money. That is because of the lump sum contract buyout of the company that laid him off. We paid quite a bit in taxes at that time but we knew there might be more coming so we set aside $6000. That money has been doubling as our emergency fund and will be all but decimated. The rest of the money will go to pay property taxes April 30th and then we'll start rebuilding the EF. Well, I'll start rebuilding it sooner than that, but it won't be super fast because of our high amount of debt repayment.

Edited to add: I noticed that several of my comments made on different threads in the forums are missing today. There's still a few there, but almost everything I've posted this month is gone. Weird. I wonder what is up with that?

2 Responses to “That House and Taxes”

  1. ThriftoRama Says:
    1300758960

    Yeah, that doesn't sound like a realistic price! There was a house just like that in our neighborhood. Listed at $500,000. It sold 18 months later for $300,000, which was a much more realistic price.

  2. Petunia 100 Says:
    1300812176

    I'm surprised at their realtor. If I were a realtor, I would not bother with a client who wanted to list their property at a ridiculously high price. What a waste of everyone's time.

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