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RE: Housing Starts, Up..... - 3/26/2013 6:49:02 AM   
Hillwilliam


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quote:

ORIGINAL: tj444


quote:

ORIGINAL: DesideriScuri

I can only tell you my experience with the Toledo area when I was looking last year and then looking this past week (for someone else). I got a very sweet deal on my house and paid cash. It was a foreclosure and needed an awful lot of work that I'm hoping will be mostly completed by July (at least the HVAC by then). I'm just glad we didn't have a horrendously bitter cold winter this time 'round.


from what I have seen, the banks have stopped giving them away the way they were, those deals are gone now.. so maybe the foreclosures are still there but double the price or more..

Not here. There are just fewer foreclosures selling for about the same price.

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RE: Housing Starts, Up..... - 3/26/2013 7:00:43 AM   
tj444


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quote:

ORIGINAL: DesideriScuri

When I did my searches for me, I had an upper limit that I used for results. Last week, I didn't. There simply aren't as many foreclosures around anymore. I didn't check into non-foreclosures either time, though. So, it could be that those foreclosures from a year ago, are no on the market no longer as foreclosures.


well,.. I am waiting to close on a purchase thats an reo.. its not listed as a foreclosure, its listed as owned (but by a mortgage co, not a person) so the listing reads just like a normal listing.. the foreclosure happened on it in 2008 and they are finally selling it now.. I use Zillow a lot and there have been changes in the info on their listings & what they say & a whole lot less info now.. :(.. here I can look up the property on the tax assessors website and see who the owner is, if its a person or a company & previous owners, dates the property changed ownership.. one thing I like about Zillow is that they show previous listings & sales of the property so that will usually show if there was ever a foreclosure on the property, when and sometimes the price paid (if thats public info).. Here there are a lot of tax sales tho, in addition to bank foreclosures..

What website do you use for your searches?

I do think the bulge of foreclosures have gone thru but there are still some foreclosures around.. not as many and not as cheap.. I dont find house foreclosures to be bargains so I dont pay much attention to them.. too many people thinking they are gonna make tons of money flipping them too and bidding up the prices too high.. The courthouse here is crazy on auction day.. tax auction done the same day as trustee auctions.. its a zoo!.. lol

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RE: Housing Starts, Up..... - 3/26/2013 8:39:22 AM   
DesideriScuri


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quote:

ORIGINAL: tj444
quote:

ORIGINAL: DesideriScuri
When I did my searches for me, I had an upper limit that I used for results. Last week, I didn't. There simply aren't as many foreclosures around anymore. I didn't check into non-foreclosures either time, though. So, it could be that those foreclosures from a year ago, are no on the market no longer as foreclosures.

well,.. I am waiting to close on a purchase thats an reo.. its not listed as a foreclosure, its listed as owned (but by a mortgage co, not a person) so the listing reads just like a normal listing.. the foreclosure happened on it in 2008 and they are finally selling it now.. I use Zillow a lot and there have been changes in the info on their listings & what they say & a whole lot less info now.. :(.. here I can look up the property on the tax assessors website and see who the owner is, if its a person or a company & previous owners, dates the property changed ownership.. one thing I like about Zillow is that they show previous listings & sales of the property so that will usually show if there was ever a foreclosure on the property, when and sometimes the price paid (if thats public info).. Here there are a lot of tax sales tho, in addition to bank foreclosures..
What website do you use for your searches?
I do think the bulge of foreclosures have gone thru but there are still some foreclosures around.. not as many and not as cheap.. I dont find house foreclosures to be bargains so I dont pay much attention to them.. too many people thinking they are gonna make tons of money flipping them too and bidding up the prices too high.. The courthouse here is crazy on auction day.. tax auction done the same day as trustee auctions.. its a zoo!.. lol


I used Zillow and Realtor.com. I limited my searches to foreclosures because I knew there was going to be the opportunity to get some cheaper properties in acceptable areas. I knew I was in for work, but I didn't realize how much. lol I would have done things only a little differently. I did choose an REO and and wouldn't even look at a pre-auction foreclosure. I don't what the results were for any auction on this property. Don't really care, either. The price I paid in 2012 was about the price of the pre-crash acreage. I was counseled several times to not get a house, but to get an apartment. I shook that off because the market around here was starting to move up again. There were more housing starts in areas that were expanding before the crash. I didn't want a mortgage. I wanted a large property. I didn't need a huge house. I got what I was looking for. I may have been able to wear them down a bit more, but I got a great deal anyway. I just have my hands full. I have more to do, and will be looking at making decisions that will be beneficial in the long term.

My County has a similar website for property details. I think most Counties do anymore. Excellent resources.


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What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

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RE: Housing Starts, Up..... - 3/26/2013 8:42:50 AM   
mnottertail


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In my opinion, the hard hit states like CA, NV, FL and so on are still holding alot of hidden inventory, and till that gets cleared off the books, the starts are not gonna rise dramatically, nor will housing prices.

They are better, but they arent 'normal'.

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RE: Housing Starts, Up..... - 3/26/2013 10:39:44 AM   
tj444


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Joined: 3/7/2010
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quote:

ORIGINAL: DesideriScuri

I used Zillow and Realtor.com.

I use Zillow & I use HAR (Houston mls real estate listings) mostly and to pick the ones to do more research on, then I use Trulia (it has some different info plus it has crime stats, school ratings & other info on the area), I use city-data to give me demographics, etc.. I will also use walkscore to see whats near.. & I use the tax assessor site also.. each site has different pieces of the puzzle, since I have not been here very long I need to do more research than the locals tend to.. I havent used Realtor.com in a long time since they really dont have any other info that i cant already get on Zillow or HAR & Realtor.com has those annoying videos/ads.. I do like Zillows Zestimate & rent estimate, but I also have other sites I verify rent estimate/stats on.. and I use google earth to "drive" around the area (but if its a few years old then it can look a lot different now).. Its hard here to get a good idea of what a property is worth since its legal to not divulge that sales info.. in CA the sites tell you what a property sold for, its considered public info there, here it can be kept private.. and you cant believe the assessed value (supposed market value) always either, since some properties they are still using pre-crash values.. or it might still include the value of the house that no longer exists.. lol

So how much land did you get? what do you plan to do with it?

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RE: Housing Starts, Up..... - 3/26/2013 11:24:02 AM   
DesideriScuri


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quote:

ORIGINAL: tj444
quote:

ORIGINAL: DesideriScuri
I used Zillow and Realtor.com.

I use Zillow & I use HAR (Houston mls real estate listings) mostly and to pick the ones to do more research on, then I use Trulia (it has some different info plus it has crime stats, school ratings & other info on the area), I use city-data to give me demographics, etc.. I will also use walkscore to see whats near.. & I use the tax assessor site also.. each site has different pieces of the puzzle, since I have not been here very long I need to do more research than the locals tend to.. I havent used Realtor.com in a long time since they really dont have any other info that i cant already get on Zillow or HAR & Realtor.com has those annoying videos/ads.. I do like Zillows Zestimate & rent estimate, but I also have other sites I verify rent estimate/stats on.. and I use google earth to "drive" around the area (but if its a few years old then it can look a lot different now).. Its hard here to get a good idea of what a property is worth since its legal to not divulge that sales info.. in CA the sites tell you what a property sold for, its considered public info there, here it can be kept private.. and you cant believe the assessed value (supposed market value) always either, since some properties they are still using pre-crash values.. or it might still include the value of the house that no longer exists.. lol


Good Lawd! Are you in the real estate business?!? You do an awful lot of research! I went through a divorce last year. That's why I moved. I didn't have to worry about school systems since she is the custodial parent and wasn't moving. I didn't need Google earth because I drove by the place (Google Earth does rock for your use, though). What gets me is that everyone is asking about how long I'm going to live here and how much I think I'm going to get out of my investment. Well, I'm not looking to get out until it's time for me to no longer be on this side of the dirt.

quote:

So how much land did you get? what do you plan to do with it?


I got a 1300 sq. ft. house sitting on 2 acres. I don't like how the HVAC was put in and the furnace doesn't work (ignition board completely covered in corrosion and the unit is old, so I space heat-ed my way through the winter (and, there was almost zero insulation, initially). I'll be looking into a geothermal solution for the majority of my HVAC needs and possibly a roof-mounted solar air heater to raise the temp. in the winter. The pair should give me at least decent temperature control at a low power cost. I'll probably put a 2-4 sunlights in two upstairs rooms, which will reduce the need for artificial lighting. Two "sun tubes" should do the same trick in the kitchen, too. I'm considering building a solar "water" heater (will use an environmentally friendly solution rather than water) on top the garage which will be used much like a floor warming system, except it will be used to melt the snow/ice off my driveway. If I can get around the zoning limit or get a variance, I'll likely put up a wind power generator, too. Solar panels aren't out of the questions, but they'll have to drop precipitously in price before I'll be likely able to get an acceptable return (the house just isn't situated ideally, and there are lots of trees.

I'll be micro-farming (most likely just a ½-acre) and canning to increase self-sustenance. A couple apple trees, grape vines (will be making my own wine at some point), a pear tree maybe, blueberries, strawberries, raspberries, etc. Essentially, I want to be able to do as much as I can for myself and only rely on others for things I can't do. In the future, it's possible that I have a chicken coop for eggs and meat, too. I wouldn't mind having a big Farmer's Market type thing where the community could come in and barter for goods and services.

In short, just a couple things. lol

The geothermal unit needs to be done by November, but I'd prefer to have that in by July so I can do something to condition the air (I don't tolerate heat all that well and love A/C; Fall is my time of year with the cool temps). Will likely plant the apple and pear trees this year, in addition to starting a small garden. I'll be taking care of my neighbor's apple trees at least this summer. In return, she said I can have all the apples I want.



_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to tj444)
Profile   Post #: 26
RE: Housing Starts, Up..... - 3/26/2013 12:01:39 PM   
tj444


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Joined: 3/7/2010
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quote:

ORIGINAL: DesideriScuri

I got a 1300 sq. ft. house sitting on 2 acres.

lol There are reasons to do more research here.. there are areas of deep poverty here and so you need to know what the area is like, and there tends to be a correlation between poverty and crime.. so I want to get the best idea of what an area is like, you can have a reasonably good area and a bad one only a few blocks apart.. and also, there is no zoning in Houston, there are only deed restrictions that might limit what can be built around your property, if there are no deed restrictions you could end up with an industrial plant or apartment building or who knows what next to your property.. but on the plus side, no deed restrictions means you can build a duplex (& get rental income) just as easily as building a single family house.. if you want to build more units than that or subdivide you need to get city approval tho.. I am not sure what that requires yet as I have not looked into that process..

2 acres sounds like a nice size.. I am jealous! I would be planting tons of fruit trees and a huge garden.. lol but then I am in a warmer climate too so that can affect what you can grow.. I wonder if you could have a huge pond and grow your own fishies there.. that is easy to do here since there is no real winter.. there i think it would depend on how deep you would need for the fish to survive under the ice and such.. geothermal is a good idea & i do like it but its not cheap to put in.. and i am guessing you have enough wind there for a wind turbine to make sense.. I like the concept of solar but that really depends on the cost, which like you, I feel its too high also.. I am wanting to grow a garden this year too, just waiting for my seed catalogs to arrive.. :)


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As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

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Profile   Post #: 27
RE: Housing Starts, Up..... - 3/26/2013 4:02:24 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
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quote:

ORIGINAL: tj444
quote:

ORIGINAL: DesideriScuri
I got a 1300 sq. ft. house sitting on 2 acres.

lol There are reasons to do more research here.. there are areas of deep poverty here and so you need to know what the area is like, and there tends to be a correlation between poverty and crime.. so I want to get the best idea of what an area is like, you can have a reasonably good area and a bad one only a few blocks apart.. and also, there is no zoning in Houston, there are only deed restrictions that might limit what can be built around your property, if there are no deed restrictions you could end up with an industrial plant or apartment building or who knows what next to your property.. but on the plus side, no deed restrictions means you can build a duplex (& get rental income) just as easily as building a single family house.. if you want to build more units than that or subdivide you need to get city approval tho.. I am not sure what that requires yet as I have not looked into that process..


I'm in a Township, just outside a City. The City's taxation ideas are stupid and that played a factor. Not a huge one, mind you, but a factor (no way I'd be able to get the property size I wanted within City Limits). I know the area fairly well, and one neighbor has a 2 acre property while the other side neighbor has a smaller property. But, behind their property is the "wayback" of another property on a cross street. So, it's fairly secluded of an area. Since I wasn't looking to develop the land, I didn't have to look into zoning restrictions too much.

quote:

2 acres sounds like a nice size.. I am jealous! I would be planting tons of fruit trees and a huge garden.. lol but then I am in a warmer climate too so that can affect what you can grow.. I wonder if you could have a huge pond and grow your own fishies there.. that is easy to do here since there is no real winter.. there i think it would depend on how deep you would need for the fish to survive under the ice and such.. geothermal is a good idea & i do like it but its not cheap to put in.. and i am guessing you have enough wind there for a wind turbine to make sense.. I like the concept of solar but that really depends on the cost, which like you, I feel its too high also.. I am wanting to grow a garden this year too, just waiting for my seed catalogs to arrive.. :)


I have already gotten my seed catalogs. I've also decided that I'm going to plant plants instead of growing from seed this year. It might be a bit too late to get started on seeds, except those you sow outdoors. Just a small garden this year, but it will grow pretty much every year until it's huge. Since I am single and only have my boys every other weekend, I won't be in need of a lot of fruit from trees. With my neighbors apples and my own, and the assortment of berries and grapes, I'll have plenty. I have had a few people mention having a stocked pond, but I'm just not game for that. Too many bad things can happen. Though, if it's deep enough, it would make for a much cheaper geothermal system... I'm fairly certain I can figure out the necessary calculations and materials determinations for the heat sink of the system, but the specifics of getting it in the house and all that is probably going to be left to the pro's. I'm also quite willing to be very involved in the installation process, which will cut down on the cost some, too.

I don't know if I will have enough wind to provide on-demand power, but if I tie it into a battery bank, it will be one of those things that adds up over time. As long as maintenance and upfront costs aren't exorbitant, and I can get a variance, it might be one of those things that I do to try to nickel and dime costs down. Right now the zoning rules were either barring a good turbine size, too low to be effective considering the tree canopy, or both. I can't recall which, but it's been a while since I checked. It's not a short-term project anyway. When my ex and I had our house built, we specifically (well, I did, she couldn't care less) looked for a property we could build a north-facing house. That left the south side to have as large an unbroken roof surface as possible (and south facing is where you want to put solar panels). This was to make solar panels a future option. My current home faces West and has very little roofing that faces south, and there are trees that could make it less effective, too. But, again, every little bit helps. Oh, I almost forgot to mention that I'll be collecting rainwater to use in watering the landscaping. That one will be easy, though.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to tj444)
Profile   Post #: 28
RE: Housing Starts, Up..... - 3/26/2013 4:58:59 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
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quote:

ORIGINAL: erieangel

Owning is good. I wouldn't want a mortgage, though.

My house needs a lot of work and I've thought about taking out a loan to get some, if not all of the work done. Then I think, that's dumb. I can save a little bit at a time, put away my tax refund each year (or use it for a repair) and eventually the repairs will be done. It will take longer this way, but I'm not saddled with another bill. And the bank doesn't own my house, I own my house.



Honey...you'll never be able to borrow this cheap again in your, my or anyone on this board's lifetime.

If you own your place free and clear, borrow the 20 or 60 or whatever, get it all done in one fell swoop and use the same drive you used to pay the place off before.

Contractor prices are about to start going up (fast). Getting it done piecemeal will cost you 20+% more...and your house will always be under construction. Move out for a month, get it done and be done with it.

(I am a contractor...trust me on this).

(in reply to erieangel)
Profile   Post #: 29
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