hopefully someone can answer this lil question I have b/c the damned realator won't give me a straight answer and I really like the property and houses on it. I'm more than interested in ti and have money in the bank to go ahead with this. But she's (realator) being deceptive loooking for opinions or idea as to why she's being this way. Or maybe a point in the right direction as to what office or where to go with my question so it can get answered.

little info. on houses and property: 34acres 20 of it tilleable 7-8 wooded and a frickin swamp that was made by the county or state unsure who is responsible there supposedly being cleaned up by who ever is responsible. two houses one brick full basement old school house and is solid built in 1832 by the nameplate sunk in it in roof peak has added back porch to it as well. single story as far as going in the house but too much dead space not to have no upstairs have been in to see if I could get in the attic but it was a no go needed a hammer to pry off board to get in didn't have one. second house on property is a rental smaller house but three bedroom (would be used as a rental too)
two good sized barns and two chicken coupe type sheds both of them are about 10x30 two car garage needs tore down before it falls in on its self.

supposedly the neighbors all of them due to the swamp created by either the county or state has bad wells nouses on property supposedly no problems? not sure will have tested but thats not my question.

It is however on the paperwork given to me by the realator total assessed value is $63,000.00 taxes every 6 months are 731.94

asking price is $179,000.00 realator flat out said if I offered 150K she'd do her best to tlak owner into selling at that but I questioned the total assessed value and she got off that subject quick:confused: My wife talked to her today and she asked her if that was old assessment or new? realator say well I'm not sure but that doesn't matter. Well it does to me b/c I see on paper its total assessed value is 63,000.00 but yet I am expected to pay 179K but realator will push if I offer 150K what gives ? And yes I'm new to the whole buying a house thing. have asked family on my side and wifes side I jsut want more opinions on what the deal is. Any and all help will be greatly appreciated sorry this was so long. cliff notes version would have sucked:D

Sounds like she thinking with her wallet and not yours. She may also think you could get it for less but the less you pay the less she gets. At 150,000 she still makes good money and know she can hammer the deal and make herself look good.

My .02

34 acres, a couple out buildings, two homes...

150k sounds like one hell of a deal to me. But then again, I live in expensive land where 150k can't buy jack.


whats the other property around it going for? any of it sold recently?

Originally posted by The Joker
Sounds like she thinking with her wallet and not yours. She may also think you could get it for less but the less you pay the less she gets. At 150,000 she still makes good money and know she can hammer the deal and make herself look good.

My .02

thats what I'm thinking

1. You need to get your OWN real estate agent to work for YOU. That person needs to do comps of surrounding property, and come up with a value.

2. If appraised value is $63k, then you will NOT be able to get a loan for $150k. I know you said you cna pay, but that is not the point... If a bank won't loan the money for it, consider "WHY NOT".

3. Swamp is gonna be cleaned up? GET IT IN WRITING. Better yet, get it in writing AND have it done as terms of the sale.

4. Did I mention - GET A BUYER'S AGENT? ( it won;t cost you a dime - your agent splits the fees that he selling agent would get).




My honest opinion from what you just described - you are walking into a NIGHTMARE, on about 400 different areas. RUN - DON'T WALK away form this thing!!!


Seriously, drinking water issues, legal action over swampland, depective realtor, delapdated/condemnable structures, etc., etc...


At BEST you are in for a lot of sleepless nights and headaches beyond belief...

At WORST you will beg for a mercy killing to put you out of your mercy.

Originally posted by Travis Waldher
34 acres, a couple out buildings, two homes...

150k sounds like one hell of a deal to me. But then again, I live in expensive land where 150k can't buy jack.


whats the other property around it going for? any of it sold recently?

not sure on what other property is going for in that particular area. and no none sold recently

I would get some comps.(comparisons)of the area, go to the city or county offices and ask them (whom ever collectes the taxes in your area) what the taxes are on house's that have sold recently and deduct the cost of repairs to the place that your looking to buy. the taxed assest value of the house now prob. means that they paid less for it and have owned it for a long time. possible other houses not selling around them for a long time? it comes down to what do you think it is worth and is it a liability??

Originally posted by das_jeepinator
hopefully someone can answer this lil question I have b/c the damned realator won't give me a straight answer and I really like the property and houses on it. I'm more than interested in ti and have money in the bank to go ahead with this. But she's (realator) being deceptive loooking for opinions or idea as to why she's being this way. Or maybe a point in the right direction as to what office or where to go with my question so it can get answered.

little info. on houses and property: 34acres 20 of it tilleable 7-8 wooded and a frickin swamp that was made by the county or state unsure who is responsible there supposedly being cleaned up by who ever is responsible. two houses one brick full basement old school house and is solid built in 1832 by the nameplate sunk in it in roof peak has added back porch to it as well. single story as far as going in the house but too much dead space not to have no upstairs have been in to see if I could get in the attic but it was a no go needed a hammer to pry off board to get in didn't have one. second house on property is a rental smaller house but three bedroom (would be used as a rental too)
two good sized barns and two chicken coupe type sheds both of them are about 10x30 two car garage needs tore down before it falls in on its self.

supposedly the neighbors all of them due to the swamp created by either the county or state has bad wells nouses on property supposedly no problems? not sure will have tested but thats not my question.

It is however on the paperwork given to me by the realator total assessed value is $63,000.00 taxes every 6 months are 731.94

asking price is $179,000.00 realator flat out said if I offered 150K she'd do her best to tlak owner into selling at that but I questioned the total assessed value and she got off that subject quick:confused: My wife talked to her today and she asked her if that was old assessment or new? realator say well I'm not sure but that doesn't matter. Well it does to me b/c I see on paper its total assessed value is 63,000.00 but yet I am expected to pay 179K but realator will push if I offer 150K what gives ? And yes I'm new to the whole buying a house thing. have asked family on my side and wifes side I jsut want more opinions on what the deal is. Any and all help will be greatly appreciated sorry this was so long. cliff notes version would have sucked:D

I wouldn't go off of the Taxable assessment if that is what that is. If that is an appraised value, then it is another story.

If you call an insurance agent and tell them you want to price home owners for it, they will give you a ball park of what the home(s) is/are worth. Then add property value.

If the asking price on the property is 173K then that is probably ball park of what it is worth... what you want to do is decide what it is worth to you based on the asking price and offer that much. Take the realtor's opinion with a grain of salt.

If you want to offer 140, or 80 then just tell the realtor that... if she gives you shit... tell her you can find a realtor that will offer what you want.

If anything... just make sure your offer to buy has a statment that says they have to qualify your offer with an appraised value or the contract is null and void. So, you are saying you will pay X amount as long as the property is worth at least the same.

assesed value you and appraised value are 2 different things.Get an appraisal.Also Low ball your 1st offer ,you can always go up .

Usually, the assessed value has little relationship to a fair sale price. Assessments usually only happen every 10 years or so, and until a place sells and is reassessed, anything at the county doesn't represent reality. Here in California, with our proposition 13 mandate that property be reassessed only on sale, folks often buy places for $500,000 that may be assessed at $45,000. Every state, and probably every county does things a little different, so you may want to pay your county tax accessor a visit and find out when the property was assessed (before or after the swamp appeared).

I can't believe some of you are skipping over some of the graring issues he mentioned...

-swamp issue
-structures falling down
-questionable realtor tactics
-question over value


And he says he is NEW TO BUYING A HOUSE! :confused: :eek:



Come on guys - this is tossing a lamb to the lions!!!


Seriously - *I* would avoid this kind of situation like the PLAGUE on my first go-round at buying a house... This is a NIGHTMARE waiting to happen :(

My county has ours online. I look property up and usually it sells within 15% of assessed value. Our oldest assesment is 2001 so it's pretty up to date. (read they are greedy!!) Unless the property has some odd value, like they just put a new housing edition down the street or something I have found it to be very helpful.

Call Mike and ask him when the assesment was done. I think this is the right location for you.

http://www.waynet.org/government/default.htm

County Assessor: Mike Statzer
Open Monday through Thursday 8:30 AM - 5:00 PM
Friday 8:30 AM - 4:30 PM
(765) 973-9254
FAX: (765) 973-9307
assessor@co.wayne.in.us

Originally posted by DRM
I can't believe some of you are skipping over some of the graring issues he mentioned...

-swamp issue
-structures falling down
-questionable realtor tactics
-question over value



Well it doesnt seem to be bothering him. And it doesn't sound like much of the land is swamp.

Structures falling down BFG my dad just bought land here in Oregon that has a house not worth living in and 4 out buildings that all need to be torn down. We fixed up the house for my uncle to live in for a couple years while my dad builds the new house and waits to move up in a couple years. As a matter of fact a piece of crap house was one of his requirements he was looking for so it wouldnt matter when he tore it down.

Questionable realtor tactics who doesnt question their realtor when doing a deal wondering if they are really getting the best deal or not.

Same with value it happens in every deal maybe not to this extreme but it is always there.

the two car garage is the only thing that is falling in be lucky if the saturn and minivan would fit in it. if bought it will disappear;)

Thanks for the input though and form everyone as well it's appreciated :beer: :beer: to all of ya

matts thanks for the info I will be calling in the morning for sure

I really want this property perfect for what I'm looking for

and yes the clean up of the swamp will be in writing for sure forgot to add that earlier already talked about

it was appraised at 189,000.00 the thing that had me bothered was the assessed value on paperwork from realator and her changing subject and being deceptive about it got me thinking something might be weird here. I jsut wasn't clear on this part being new to this an all.

What it comes down to is what the boss (wife) and I can come to aggreement on as far as house and property this one in particular meets both of our requirement on sort of a middle ground she's giving cuz she likes the house as do I. And I'm giving cuz theres some land there not as much woods as I'd like. big boy toys come in to play see where I'm going:D

Originally posted by DRM
1. You need to get your OWN real estate agent to work for YOU. That person needs to do comps of surrounding property, and come up with a value.

2. If appraised value is $63k, then you will NOT be able to get a loan for $150k. I know you said you cna pay, but that is not the point... If a bank won't loan the money for it, consider "WHY NOT".

3. Swamp is gonna be cleaned up? GET IT IN WRITING. Better yet, get it in writing AND have it done as terms of the sale.

4. Did I mention - GET A BUYER'S AGENT? ( it won;t cost you a dime - your agent splits the fees that he selling agent would get).




My honest opinion from what you just described - you are walking into a NIGHTMARE, on about 400 different areas. RUN - DON'T WALK away form this thing!!!


Seriously, drinking water issues, legal action over swampland, depective realtor, delapdated/condemnable structures, etc., etc...


At BEST you are in for a lot of sleepless nights and headaches beyond belief...

At WORST you will beg for a mercy killing to put you out of your mercy.


Yup.

Also, maybe she is quoting the last assessed value, not the current assessed value. If the place last sold 15 years ago, that may be the assessed value she is using. If you buy it at 150K, THAT will be the new assessed value for property taxes. That may be the only reason she is rushing past that part.

BUT, I agree with DRM that you should make them FIX the problems first with the swamp and the well and then pay more for the property once it gets a clean bill of health for environmental, water, wetlands, whatever.

Also, sometimes chicken coops (big ones) can really do a lot of damage to local lakes, rivers, wells, etc. Might want to be careful about that issue too. Make sure there have been no complaints filed about runoff contaminants.

Sounds like you have some of the issues resolved/addressed - good.


I still HIGHLY suggest you get a BUYER'S AGENT to represent YOU. It won't cost you a DIME, as they will just split the commission the seller is already paying. It never hurts to have a PROFESSIONAL help you sort through everything and make sure all of the papers are in order, and you are getting what you want, for the price you want to pay, and no strings or hidden things to pop up and burn you...


Good luck :)

$1500 a year for property assesed @63k. Something is fucked there unless you have the highest prop tax rate I have ever seen.

Remember do not fall in love with real estate. It is an investment and be ready to walk away at ANY time.

Why is this agent so fucking pushy??????? I would remind her that she works for you and that relationship can be quickly changed. Did you sign a contract w/ her/him? If not call another realtor for an opinion on the property. My .02

made the call this morning thanks for point me in the right direction Matts:beer:

Mike is supposed to call me back with info he was out of office.

talked to the Boss (wife) lastnight and she like the buyers agent idea as well as I do thanks DRM:beer:

franklin I called the realator this morning she has a better understanding with me now I told her its my money and if she doesn't work with me and help out as much as possible she won't see any of it :D . Funny thing she has a whole new attitude even let her know I made a couple calls I'm sure that didn't hurt any either on her new attitude.

I could and can walk away at any time I'd be happy if it were all woods and I could build a huge shop with living quarters in it but the Boss isn't keen on that idea so were kind of meeting on middle ground with everything here.

With help from you all things are more clear as stated before I am new to the house property buying thing.

once again thanks and its greatly appreciated:beer: :beer: :usa: