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Started By
Message
Buying or Selling a gutted home $$$ question
Posted on 8/24/16 at 12:34 pm
Posted on 8/24/16 at 12:34 pm
I searched and didn’t see anything yet so…
Has anyone heard or had experience with buying or selling a home that is gutted post flood. I know there has to be an additional discount given because of the current condition. Any idea what roughly price per sq foot these house are being sold/bought for? $10/sq, $15/sq???
Has anyone heard or had experience with buying or selling a home that is gutted post flood. I know there has to be an additional discount given because of the current condition. Any idea what roughly price per sq foot these house are being sold/bought for? $10/sq, $15/sq???
6
Posted on 8/24/16 at 12:35 pm to GeauxFast
ive seen 5-8 floated per sqft
Posted on 8/24/16 at 12:39 pm to GeauxFast
At those prices you're approaching land value (or less) sales. Not a chance in hell I'd let my gutted house go for land value.
This post was edited on 8/24/16 at 12:45 pm
Posted on 8/24/16 at 12:40 pm to GeauxFast
Not trying to.be an arse, but try money board
Posted on 8/24/16 at 1:07 pm to ksayetiger
u are looking at 50 bucks a square plus to finish it back
Posted on 8/24/16 at 1:09 pm to ksayetiger
Thanks I'll check Money Talk too.
Posted on 8/24/16 at 1:42 pm to GeauxFast
I don't have a clue, but $10/sq ft can't be right. That's $20K for a 2K sq ft home.
Or in OT terms, that's $50K for a 5K sq ft home.
Even $15/sq ft seems really really low.
Or in OT terms, that's $50K for a 5K sq ft home.
Even $15/sq ft seems really really low.
Posted on 8/24/16 at 1:55 pm to UpToPar
I agree it seems low, but the value of the homes even rebuilt is lower than it was pre-flood. I am a seller in this equation, I'm just trying to set reasonable expectations. This is Goodwood neighborhood close to Catholic School decent but not great. 2300sq ft.Don't have the stamina to rebuild, just trying to get budget built to start planning forward
Posted on 8/24/16 at 1:58 pm to GeauxFast
quote:
This is Goodwood neighborhood close to Catholic School decent but not great
Nothing in Goodwood near Mercy flooded.
Unless you're talking about Sherwood Forest near St. Thomas More.
quote:
but the value of the homes even rebuilt is lower than it was pre-flood
If you're willing to sell your gutted home in Sherwood forest for $40k, I'll be over there this afternoon with cash.
Posted on 8/24/16 at 2:02 pm to Golfer
Sorry meant Sherwood Forrest off Goodwood near STM. Come on what time?
This post was edited on 8/24/16 at 2:16 pm
Posted on 8/24/16 at 2:32 pm to GeauxFast
I'd sit on it as long as it's gutted. Don't give it away.
I'll be there also if you're selling it for 40k
escottla@yahoo.com
I'll be there also if you're selling it for 40k
escottla@yahoo.com
This post was edited on 8/24/16 at 2:44 pm
Posted on 8/24/16 at 3:00 pm to GeauxFast
lsutigergolfer@gmail.com
Posted on 8/24/16 at 3:04 pm to Golfer
Looks like we have a bidding war brewing.
Posted on 8/24/16 at 3:07 pm to GeauxFast
I am interested!!!
please PM me your phone number and I will contact you.
please PM me your phone number and I will contact you.
Posted on 8/24/16 at 3:26 pm to GeauxFast
My daughter's home was gutted after Katrina, had water to the attic. Bought the home 7 months earlier for $90,000, sold it for $20,000. She did have flood insurance though.
Posted on 8/24/16 at 3:31 pm to GeauxFast
I know that things are tough right now and it is easier to walk away, but unless you are OT rich and dont need the house at all, you shouldnt make a quick decision. Maybe the house is paid off and $40k in your pocket is better than the hassle, but you really should just take everything one step at a time.
I had Chinese drywall and was unsure what I would do. The builder ended up fixing it, but your thoughts went through my mind. It worked out much better to take things one step at a time and fix the situation.
I had Chinese drywall and was unsure what I would do. The builder ended up fixing it, but your thoughts went through my mind. It worked out much better to take things one step at a time and fix the situation.
Posted on 8/24/16 at 3:41 pm to GeauxFast
If someone rebuilds a flooded house I assume it should have all drywall removed, replace electrical and HVAC. Then new drywall and trims, new doors and windows.
I assume plumbing is ok to leave in place? And tile on slab would be ok?
I am sorry for the folks affected by the storms. Just wondering what would be necessary.
I assume plumbing is ok to leave in place? And tile on slab would be ok?
I am sorry for the folks affected by the storms. Just wondering what would be necessary.
Posted on 8/25/16 at 7:34 am to Balloon Huffer
I'm not sure how to PM on Tigerdroppings???
Posted on 8/25/16 at 8:02 am to GeauxFast
Ignore him. He just huffed some Bengal Roach Spray.
Posted on 8/25/16 at 8:11 am to GeauxFast
quote:
I'm not sure how to PM on Tigerdroppings???
something must be wrong with your browser
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