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Started By
Message
Real Estate market
Posted on 8/6/17 at 5:54 pm
Posted on 8/6/17 at 5:54 pm
People are moving off of my street in droves. Several were impacted by the flood or it was a close call. I had water in front of the house but it did not touch my property. Our homes that did not flood have gone up in value by about 20k since last August. My neighbor informed me yesterday that he's looking and is putting home on market. He purchased the house 3 years ago right after I did.
If you were me, would you hold -- and hope to get a bit more equity? Or sell too?
I live in Shenandoah,(no flood zone) just in case anyone is curious.
If you were me, would you hold -- and hope to get a bit more equity? Or sell too?
I live in Shenandoah,(no flood zone) just in case anyone is curious.
17
Posted on 8/6/17 at 5:55 pm to lbj1808
quote:
I live in Shenandoah
quote:
Or sell
Posted on 8/6/17 at 5:56 pm to lbj1808
Sell. Next time you might get wet. Get out now
Posted on 8/6/17 at 6:03 pm to lbj1808
Shenandoah...sell now culcha creeping in
Posted on 8/6/17 at 6:03 pm to lbj1808
Where are you going to buy? The other houses have increased as well.
Posted on 8/6/17 at 6:05 pm to lbj1808
quote:
I had water in front of the house but it did not touch my property.
Posted on 8/6/17 at 6:05 pm to Martini
quote:Exactly.
Where are you going to buy? The other houses have increased as well.
The cost of building is nuts.
Posted on 8/6/17 at 6:07 pm to lbj1808
quote:
If you were me, would you hold -- and hope to get a bit more equity? Or sell too?
Sell.
But not because of flooding.
Posted on 8/6/17 at 6:16 pm to Broke
I've told the husband the exact same thing, unfortunately the market is over priced because of the flood. If I leave, I am leaving LA
Posted on 8/6/17 at 6:17 pm to lbj1808
We're thinking the same.
Neighbor of ours is selling their house for $25k more than it was bought for because it didn't flood. (Off Hoo Shoo Too and Elliot)
I doubt he'll be able to but who knows.
Neighbor of ours is selling their house for $25k more than it was bought for because it didn't flood. (Off Hoo Shoo Too and Elliot)
I doubt he'll be able to but who knows.
Posted on 8/6/17 at 6:25 pm to pwejr88
Well, I guess we will see if the Hoo shoo too house goes for the asking price. Several on my block are just sitting there waiting for an offer. ( They are on the side that flooded.)
Posted on 8/6/17 at 6:28 pm to pwejr88
quote:What yr was it built? I ask cause it could be valued more due to increase in cost to build.
Neighbor of ours is selling their house for $25k more than it was bought for because it didn't flood. (Off Hoo Shoo Too and Elliot)
Posted on 8/6/17 at 6:29 pm to lbj1808
If I have a choice, buy a house that has never flooded vs one that has flooded, even if only a "little" Real Estates Agents are legalized prostitution, I buy the house that has not flooded. 
Posted on 8/6/17 at 6:31 pm to Mulat
quote:NO way I would ever buy a house that flooded.
If I have a choice, buy a house that has never flooded vs one that has flooded,
Posted on 8/6/17 at 6:42 pm to lbj1808
I've helped several friends sell and build since the flood in that area. I'd recommend fsbo because they're moving. In Shenandoah I'd sell at top market if the home is updated. If not list it accordingly.
Posted on 8/6/17 at 7:15 pm to whit
Sell now but not because of the flood. Lower income family are moving into the area with zero percent down. Not to mention I hear the traffic is horrible five days a week from a coworker who lives over there.
Posted on 8/6/17 at 8:09 pm to lbj1808
Get out of there before your home's value drops so much you're stuck
Posted on 8/6/17 at 8:22 pm to Broke
quote:
Sell. Next time you might get wet. Get out now
Likelihood of "next time"?
Posted on 8/6/17 at 9:12 pm to Geauxtiga
Approx. 2006.
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