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Best looking home for sale in west toledo for $165,000
Hope you can get something close to your asking price, Kooz. We have a house almost identical in value and location (Secor/Laskey, 6 bedrooms), but I suspect we would struggle to get $120K these days with the real estate implosion. Keep us posted if you get some action - I have consigned myself to wait out the bust cycle to try and recoup my lost equity, but if buyers are starting to sniff around, I might test the real estate waters.
I plan to finish my PhD this year, which makes me much more marketable for full-time work, and if a decent offer came in on one of the coasts or (better yet) someplace more affordable to live, I would jump. However, if I get a $40-$50K job offer in an expensive city, I'd be better off making that money locally with a bunch of part-time jobs instead of uprooting and getting hosed in a fire sale on my house in a crummy market. It took us decades to get some decent equity, and I'd hate to have to cough it up just because of market cycles.
Are you looking to relocate to another city (i.e., one where the employment market is not so rancid), or are you looking for a home that better fits your needs?
(No need to answer if the questions are too personal)
You have a very pretty home. Great curb appeal. The rub will be that in the zip codes of 43612 and 43613 there are about 90% of the foreclosures filed in Toledo. I found that out when I was trying to market a property in your area last year.
I don't see your pricing as out of range, but I would caution you that you are competing with homes of similar size and style that are priced in the $80Ks to $100K.
I wish you the absolute best in your endeavor. And if you get a quick sale even near your asking price I will pull a chair up to the keyboard and be prepared to eat a full helping of crow.
PS: Here in NC the unemployment is 5.2% and your house on a 1/2 acre lot would be around $155,000 with ANNUAL taxes of about $1200.
DoKnow, did you mention those homes come complete with junk cars on the lawn and old van bench seats on the porches!
You mean the ones in West Toledo, right, GG?
Thanks everyone for your comments. History Mike, actually, you and I are in a similar situation regarding trying to figure out jobs, cities, etc. We are considering a move out-of-state. We had a couple real estate companies (agents) do a comparable of our house to the market to determin, a sell price. The tax value is $180,00...the realtors all said they would list it at $174,000. So, we thought our price of $165,000 is fair. But then...there is the floundering market etc. We did have an offer on it a month ago for $162,000...but then something came up and the people couldn't get the loan. So, its at least encouraging that someone doesn't think its an astronomical price.
You have a lovely home, one that has obviously been very well cared for. Hope everything works out.
but then something came up and the people couldn't get the loan
I've heard of this scenario at least three times in the last 5-6 weeks with potential homebuyers (and I'm not in the realty business; just word-of-mouth among acquantainces, co-workers). The credit markets are very scary right now.