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Thread: House Backyard facing a Condo Building? Would you purchase?

  1. #21
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    Assessed value has no real coloration to actual market value, I wouldn’t worry about it. Get your realtor to put together some comparable recent sales in the area and use those to determine an offer that you would feel comfortable with.

    Worst case is they ignore your offer... then you come back with a more realistic one after

  2. #22
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    Quote Originally Posted by cjblair View Post
    +1 would not buy, simply because it will be a headache if you ever sell. Additionally, privacy and parking concerns.
    Exactly.

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    Quote Originally Posted by importracer View Post
    Thanks for the info guys. I think I will pass based on all of your advice.

    Out of curiosity sake, for those of you saying to lowball: what would you consider a lowball offer? Assessed value at 435, 440, 450, 460?
    Too many variables.

    Check recent sale prices in the area for similar houses sold for. The problem is historical data is kinda weird right now because we are only 1 month in the new mortgage rule and sales are hotter than normal in Nov/Dec to beat the deadline. So I would only believe in Jan numbers.

    End of the day, the fact that everybody is lowballing right now should give you indication when you will be lowballed when ready to sell it. So basically how you lowball is how much of a hassle is worth it to you.

    And you can't just base on price alone. $480K in the SW will be a steal. But $480K in the NE would be at least $50K overpriced. It's all about the location.
    Last edited by Xtrema; 02-13-2018 at 12:09 PM.

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    Quote Originally Posted by ExtraSlow View Post
    This is a big benefit if you enjoy showing off.

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    Maybe there's some nice hotties that like showing off. Condos often have young couples.

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    Which community are you looking into?

    In Skyview there were a couple of houses facing east to empty land but then all of a sudden construction for condos started on those land. Fast forward couple of months later, few of those houses went on sale.

    Driving through those houses you can see that now instead of having a view, all they are seeing now are buildings.

  7. #27
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    Quote Originally Posted by suntan View Post
    Maybe there's some nice hotties that like showing off. Condos often have young couples.
    Keep dreaming, we all know that all you're going to see is some laid off oil worker and his flesh light going to town.

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    Quote Originally Posted by Hallowed_point View Post
    Keep dreaming, we all know that all you're going to see is some laid off oil worker and his flesh light going to town.
    That's too specific to have been made up.

  9. #29
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    Quote Originally Posted by Hallowed_point View Post
    Keep dreaming, we all know that all you're going to see is some laid off oil worker and his flesh light going to town.
    you can take the dude out of bc, but you can't take the bc outta the dude.
    Quote Originally Posted by Gestalt View Post
    Im the one with a learning disability....

  10. #30
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    Quote Originally Posted by dirtsniffer View Post
    you can take the dude out of bc, but you can't take the bc outta the dude.
    Sorry, did Trudeau take your job?

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