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Post by downandout on Jun 15, 2010 15:17:36 GMT -5
i think the owners are a little spooked about the oil situation. we think that maybe they want to get rid of the place before it becomes impossible to sell it. i see ads all the time down here for companies/people who will buy your place for cash quick. we think maybe the owners will go that route if all else fails. of course there is always the possiblity that any new buyer will want to use the property as a rental and we could stay but i am leery of waiting too long.
we are still thinking about buying this place tho. i think im starting to lean towards it too. the place has potential and own or rent we both want to get out from under all this stuff. so hopefully owning wont be an issue for us to de-hoard.
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Post by shopgirl on Jun 15, 2010 16:33:48 GMT -5
We got "tricked" into buying our condo in Virginia in 2004. We were renting from an individual owner, and a year later the landlord told us he was putting it on the market. We looked at other properties, but decided we liked our rental the most, didn't want the hassle and expense of moving, so we bought it. Even though it was only 3 years old, we spent about $1200 a year on repairs, things just kept conking out and the warranty was done. New A/C condenser, stove repairs, washer repairs, plumbing repairs, electrical repairs. I also sealed the wooden deck.
We sold it in 2007 and came out even-steven on the money, same as if we had rented those 3 years. We are not that into the "American Dream" of residential real estate ownership, so we are happily renting again, this time at a big managed apartment community, so no worries about the thing converting to condos in our lifetime. We really prefer to just call the office and have a man come and fix things for us, rather than looking through the yellow pages for a good repair place and taking a day off work to wait around for them.
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