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re: The home selling realtor setup is unfair to sellers and buyers
Posted on 4/17/23 at 8:38 am to TigerDoug
Posted on 4/17/23 at 8:38 am to TigerDoug
quote:
15k for a 3,000 sq ft shop? Wtf? Where can I buy a shop for that? Stupid appraiser.
Right? 3000 climate controlled square feet, 18 foot ceiling, 400 amp 3 phase service and a full bathroom. Had a 450 square foot finished loft also. parking space for about 15 vehicles with two curb cuts on a major road where everything else was zoned commercial. Appraised at 0$ initially until I pointed out how valuable it was in the market at the time (during a major oil boom in a town built on oil booms). I was leasing it month to month at $5K a month and it was probably worth twice that with a 12 month contract....I wanted the option of giving the tenant 30 days notice to vacate so we kept it at $5K and month to month. The company that leased it eventually bought it with the intention of housing employees in the house and having the shop adjacent to it...but one of thei manager's liked the house so much they housed his family by themselves. It was a bargain at $900K at times, depending on the price of oil.
Posted on 4/17/23 at 3:33 pm to AwgustaDawg
quote:
Appraised at 0$ initially until I pointed out how valuable it was in the market at the time (during a major oil boom in a town built on oil booms). I was leasing it month to month at $5K a month
That alone right there is stupidity at its finest.
Worth zero then changed to 15k when you're getting 5k a month in rent?
Freaking idiot.
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