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Will you see a bump in home value if you didnt flood?
Posted on 8/18/16 at 10:22 pm
Posted on 8/18/16 at 10:22 pm
Or not even come close to doing so?
This post was edited on 8/18/16 at 10:22 pm
13
Posted on 8/18/16 at 10:23 pm to mpar98
Im guessing the houses in north BR that didnt flood will double in value
Posted on 8/18/16 at 10:23 pm to mpar98
Absolutely. My house was already under contract before the flood and I didn't flood. Was wondering how much more I could have gotten.
Posted on 8/18/16 at 10:24 pm to mpar98
quote:
Will you see a bump in home value if you didnt flood? by mpar98
yes indeed...based on Katrina, it will be a hell of a bump, too.
ETA: only way you can realize that gain is to sell and move out of the area, because anything that you buy in the area has escalated at the same rate...
This post was edited on 8/18/16 at 10:29 pm
Posted on 8/18/16 at 10:25 pm to oreeg
Too bad you missed a chance to price gouge.
Posted on 8/18/16 at 10:25 pm to Spankum
A bump, sure, but for how long? If you sell in the next 6 months, more than likely, if you sell 10 years from now, not so much.
Posted on 8/18/16 at 10:26 pm to Titus Pullo
Because my house would appraise for more because it's not in a flood zone? You seriously thinks that's price gouging?
I'm also relieved my new house didn't flood either and I'd gladly pay more for that peace of mind.
I'm also relieved my new house didn't flood either and I'd gladly pay more for that peace of mind.
This post was edited on 8/18/16 at 11:08 pm
Posted on 8/18/16 at 10:28 pm to mpar98
It will certainly be a big selling point for years to come.
Posted on 8/18/16 at 10:29 pm to BoostAddict
Nobody wants to live in LP or AP where it floods.
Posted on 8/18/16 at 10:30 pm to mpar98
(no message)
This post was edited on 12/21/16 at 6:53 pm
Posted on 8/18/16 at 10:30 pm to Titus Pullo
quote:
Too bad you missed a chance to price gouge.
Are you serious? Please tell me you're not serious...
Posted on 8/18/16 at 10:31 pm to mpar98
WBR bout ta bank
Posted on 8/18/16 at 10:41 pm to mpar98
I heard about a huge bump after Katrina. Thank God I signed my purchase agreement a few weeks ago.
Posted on 8/18/16 at 10:44 pm to Halftrack
No one wants to live anywhere where it floods.
Posted on 8/18/16 at 10:49 pm to mpar98
My mom had to buy a new house today due to the flooding, and the sellers weren't rude about it but they also wouldn't take any less than asking. I can't blame them. From the time my parents saw the house to the time they made an offer, 4 other people had gone to see the house.
Posted on 8/18/16 at 10:49 pm to Rize
The inventory was already scarce in BR before all this. It's really going to be tough finding places to live here in the near future. Buyers are going to be fighting over dry houses.
Posted on 8/18/16 at 10:50 pm to reginaphilange
Where is the house if you don't mind me asking?
Posted on 8/18/16 at 10:50 pm to mpar98
I thought it went with the value of the surrounding real estate. But i know very little about this. Little bumbed that some gain value due to those losing everything.
Posted on 8/18/16 at 10:54 pm to BoostAddict
quote:
No one wants to live anywhere where it floods.
bullshite. I live on the Amite River and I will continue to live here when the water goes down.
This post was edited on 8/18/16 at 10:55 pm
Posted on 8/18/16 at 10:55 pm to mpar98
so mine didn't flood here in Dutchtown, so if i were to get it appraised and it goes up in value because of that, could i then refinance, based on the new value, and use the increase in value against the mortgage?
i'm not moving, btw... just want to try to get a chunk of the house "paid off" and if i can use the increase in value as that chunk, i'd like to know if that's possible.... i'd be very interested in doing that....
i'm not moving, btw... just want to try to get a chunk of the house "paid off" and if i can use the increase in value as that chunk, i'd like to know if that's possible.... i'd be very interested in doing that....
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