Quote:
Originally Posted by VillagerFrog58
Kstew43.... you mentioned if you could get the home for $235k that it would be a steal. Don't forget that there's a 15% buyers premium which if you were able to get it for $235k would add $35k to your actual price... $270k.
I see that the bid is now up to $238.5k. Hope folks understand this.
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I did realize the 235,500 bid would ultimatly end up costing me $270,850. The home is in perfect condition, inside and out, may need a little painting. We went to the open house . The owners paid $294 in 11/15 when it was new, so getting it for $270 would be a steel. We have looked at comparables in the entire villages, excluding Fenny and Desota, and the cheapest home with 2.5 garage is $319, so we feel $270 is a steel. The sellers are paying the normal sumter county closing costs and the title is clear, its not a forclosure, so I am hoping for the best. We are stuck at $270 ,for our high bid, so if we get out bid, oh well. But if not us, somebody is going to get a fabulous deal.
As of this morning the bidding is up to $230,500 which I think would be $265K which means were still in this.