Battenkiller said:I feel so much better now that I've been disciplined.
I hated to do that to you, but it was for your own good.
Battenkiller said:I feel so much better now that I've been disciplined.
Battenkiller said:As far as the assessment, you are correct, the full market on the house was $110K in 2006, and the .90 factor brought it to $99K. I still can't get my mind around a home like this having a full market value that low. It costs about $40K around here just for excavation, a full foundation (concrete is expensive everywhere), and simple septic. A well will cost upwards of $10K. One of these Bill Lake modulars of this size and quality will cost upwards of $100K to build in the plant and place on the foundation. Then there's the 4+ acre lot. A building lot that size has to be worth at least $40K (land was assessed at $38K, not sure how long ago).
Add 'em all up and you have $180K minimum to place a new modular there. A far cry from $110K for a seven year-old home.
ISeeDeadBTUs said:Battenkiller said:As far as the assessment, you are correct, the full market on the house was $110K in 2006, and the .90 factor brought it to $99K. I still can't get my mind around a home like this having a full market value that low. It costs about $40K around here just for excavation, a full foundation (concrete is expensive everywhere), and simple septic. A well will cost upwards of $10K. One of these Bill Lake modulars of this size and quality will cost upwards of $100K to build in the plant and place on the foundation. Then there's the 4+ acre lot. A building lot that size has to be worth at least $40K (land was assessed at $38K, not sure how long ago).
Add 'em all up and you have $180K minimum to place a new modular there. A far cry from $110K for a seven year-old home.
You got that part all backwards. . .but thats okay.
What the asking price is is meaningless. That's why it's called a buyers market. Unfortunatly, more than just your Hearth mates know you a motivated buyer. I'd suggest shopping around, and not using a buyer's broker. Like attorneys (and Assessors) we all go to lunch/bed with one another after we fight in court. Keep your need for a house to yourself and re-start your search. Highly likely these bluffers in Broadalbin will be holdin' that for a while at that price.
fossil said:That all sounds really good, BK. I sure hope the contingency doesn't hang things up for you. I was involved in one of those deals once ("OK, I'll sell you my house, but not until I know I can buy this other house"), and it dragged on for a frustratingly long time. I wish you better luck. Rick
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