1. We decided not to move forward with the lot purchase idea. We just couldn't justify paying anywhere near the $99k they are asking for just a 0.5 acre lot. Even if they took $60k for it, my mother told me that it was still way too much to pay for such a small piece of land. We'll keep an eye on it and see what kind of activity actually happens on it though.
2. We are moving closer toward buying a small fixer-upper though as a rental (then a flip once the market really picks up). We have decided to focus on the neighboring county which has much lower property values and finding a house listed between $80-$100k. We have lined up with our realtor to look at 5 houses on Sat that fit this criteria so we'll see.
So, anyway, these are the decisions we've made today... who knows what we'll decide on tomorrow though {{wink}}. Aahh, the joys of real estate.
3. We have another scheduled showing tomorrow. So, in 3 weeks, that will make 5 showings. Activity is definitely picking up but now it's just a matter of someone making an offer on our house! C'mon, people! Whatcha waiting for?
Real Estate Decisions
June 21st, 2010 at 11:01 pm
June 21st, 2010 at 11:24 pm 1277159091
June 22nd, 2010 at 02:07 am 1277168830
June 22nd, 2010 at 12:53 pm 1277207611
June 23rd, 2010 at 01:04 am 1277251499