[Worldseries27]

Originally Posted by mandoman

zillow estimates aren’t bad. They are pretty accurate given the information the company has to work with. Zillow doesn’t know if your home has fourteen year old carpet and linoleum and roof, hvac system and water heater and appliances and garage door opener and a bond to pay off. It doesn’t know that in the past year you’ve spent $50,000 updating all those things. Its estimates are based on the sales prices of comparable homes. But again, it doesn’t necessarily take into account the condition of those homes. Also, these days, zillow seems to keep a home value at what was paid for it for several years.

As for the historic villages, much of it is surprisingly nice, with wider streets and bigger lawns, and often kept neatly. If you’ve never driven around there, you should. But a lot of the homes are single or double wide mobile homes with carports. Everything about them is built to be light enough to be moved on a road: Pipes, faucets, cabinets, drywall, insulation, etc. If you are okay with that and just want to get by on your social security income, there are good buys there unless something breaks. Which it will. Some people remove the old houses and have new ones built. I’m not sure if that’s really a good use of funds, given the neighborhood, which is wearing down and has more residents who are younger and poorer and using drugs and getting arrested. (just being honest. I don’t mean you!) so, a drop of 17% could be due to someone seeing the house and having it inspected and that inspection turning up something serious. Or maybe it was overpriced to begin with, and the seller has come to realize that. Where i live, i put in an offer at asking price the day the asking price was lowered by 10%. It was now a fair price, given what needed to be done, so i bought it. I’m glad i did.

dont forget the gorgeous hills and trees placed squarely in the middle of the road as the ultimate dwi test