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Post by Deleted on Apr 12, 2015 17:00:34 GMT -6
What insurance company covers vacant property? I talked to a few insurance companies and they all said to me that They don't cover any home that is vacant. Mainly due to being targets of arson. I know the year and ahalf that my spouse and I was not in the home that we lived in, the previous owner/estate had to keep insurance on the house, until things were settled by attorney's. And no one had lived in our house for that year in a half. Now as owners living in the house, we carry house insurance. Bundle package type deal. Car insurance and house insurance together. I know people that just can not afford house insurance. When we was renting our house that I now own, it was part of the agreement that we carry renter's insurance, which was a local agent that we dealt with. It may be that your credit is not good is why they will not cover.
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Post by ironeagle on Apr 13, 2015 7:10:39 GMT -6
I know that the city's vacant home law hurt my mom when she sold her house last year. She bought it in 1977 for 16 thousand yes it was small however it was hers. She was only able to sell it for 6 thousand.
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Post by dumdave on Apr 13, 2015 9:21:54 GMT -6
It's been vacant for 7 years. Its been vacant for 7 years, but able to be rented when they thought there might be a fine? Sounds like the ordinence worked in lighting a fire after 7 years. Man gossip says the owner took out TWO FULL MORTGAGES w/ two different banks and the banks have been duking it out w/ each other and whoever the owner is. Remember , this is nothing but man gossip.
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Post by dumdave on Apr 13, 2015 9:23:28 GMT -6
I know that the city's vacant home law hurt my mom when she sold her house last year. She bought it in 1977 for 16 thousand yes it was small however it was hers. She was only able to sell it for 6 thousand. One of my neighbors bought the house next door to him for $7800 bucks!
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Post by Anonymous on Apr 13, 2015 11:50:20 GMT -6
Its been vacant for 7 years, but able to be rented when they thought there might be a fine? Sounds like the ordinence worked in lighting a fire after 7 years. Man gossip says the owner took out TWO FULL MORTGAGES w/ two different banks and the banks have been duking it out w/ each other and whoever the owner is. Remember , this is nothing but man gossip. Man gossip! Hahaha. That's funny.
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Post by Anonymous on Apr 13, 2015 11:54:09 GMT -6
I know that the city's vacant home law hurt my mom when she sold her house last year. She bought it in 1977 for 16 thousand yes it was small however it was hers. She was only able to sell it for 6 thousand. Why so little? My parents bought the house we now own in 1975 for $15,000. I sure the heck plan on getting a lot more out of it than that if we were to sell it.
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Post by rocket on Apr 13, 2015 12:19:30 GMT -6
I know that the city's vacant home law hurt my mom when she sold her house last year. She bought it in 1977 for 16 thousand yes it was small however it was hers. She was only able to sell it for 6 thousand. Why so little? My parents bought the house we now own in 1975 for $15,000. I sure the heck plan on getting a lot more out of it than that if we were to sell it. You won't get more out of it unless you improve the home: new addition, flooring ,roof ,windows ect.. I tried to get my tax assessment lowered and they insist If I went to sell my place that according to market value it is worth $60,000. I won't get $30,000 for it. The value is bad right now from the economic recession.
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Post by helencrump on Apr 13, 2015 21:50:15 GMT -6
I know that the city's vacant home law hurt my mom when she sold her house last year. She bought it in 1977 for 16 thousand yes it was small however it was hers. She was only able to sell it for 6 thousand. Why so little? My parents bought the house we now own in 1975 for $15,000. I sure the heck plan on getting a lot more out of it than that if we were to sell it. How did the vacant home law play a role in what she was offered for it? Did she counter?
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Post by chevypower on Apr 14, 2015 0:57:14 GMT -6
Sounds like She never kept it up and then the value dropped ironeagle, must of been something along them lines.
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Post by Anonymous on Apr 14, 2015 6:13:46 GMT -6
Why so little? My parents bought the house we now own in 1975 for $15,000. I sure the heck plan on getting a lot more out of it than that if we were to sell it. You won't get more out of it unless you improve the home: new addition, flooring ,roof ,windows ect.. I tried to get my tax assessment lowered and they insist If I went to sell my place that according to market value it is worth $60,000. I won't get $30,000 for it. The value is bad right now from the economic recession. Oh, we'll get more for it than $15,000 there's no doubt about that. That's what my parents paid for the house. We paid a lot more than that when we bought the house from them. As for roof, windows, flooring, etc. that's not improvements - that's upkeep in my opinion.
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Post by ironeagle on Apr 14, 2015 6:23:55 GMT -6
She had put close to 50 grand in upgrades in the late 90s New furnace and central air New kitchen New bathroom redid all the floors. Called the house was vacant the city was taking her to court she either sold or was going to be fined 750 a day.
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Post by OutlawwithaSnipeSniper on Apr 14, 2015 7:48:39 GMT -6
Folks, unless there is a purchaser with enough income to make the payments, you have no clue what you will or won't sell for. All around this country there are houses setting for sale............ And popular opinion or not, they aren't selling all that well.
Today about the best you can hope for is to not be upside down in one.....
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Post by cityslicker on Apr 14, 2015 8:00:16 GMT -6
Mm, why do you think there is a glut of junk housing? Nobody wants to live in a town with shootouts, drug dealers, a p•ss poor deficit riddled school system, a worthless police chief & flunkie patrolmen, & no jobs. Open your eyes!
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Post by cityslicker on Apr 14, 2015 10:44:16 GMT -6
Mm, in your dairy dream world, where is the 69.7% poverty rate population going to get a well paying job & crawl out of the entitlement cycle?
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Post by OutlawwithaSnipeSniper on Apr 14, 2015 13:29:44 GMT -6
Folks, unless there is a purchaser with enough income to make the payments, you have no clue what you will or won't sell for. All around this country there are houses setting for sale............ And popular opinion or not, they aren't selling all that well. Today about the best you can hope for is to not be upside down in one..... We are selling a place on contract to a young man. I am not sure if he would have qualified for a Mortgage or not. The place certainly would NOT have. It was a wreck, abandoned and walked away from and left to rot for 3 or more years as the tax sale process wore on. We were attracted to it because it was 3 fenced lots with mature trees. Some work and vision and it could be a nice place for someone to call home. He has done a lot of work down there cleaning up the fence line and clearing the lots and getting the place ready. He works full time plus a part time job. He has been having to pay his rent as well as making contract payments to us. I am sure it isnt easy for him until he can actually live there and get rid of his monthly rent. THEN life will get a little easier. In just a few short years he will have a place to call his own, some space for his dogs, a garden, a garage, pretty much whatever his heart desires. Isn't that a little slice of the American dream? Isn't that what we should see happening with our 'abandoned homes'? The City should be an enabler for that to happen, not a roadblock. (I am not saying the City IS a roadblock, they should just consider carefully what ramifications existing or proposed ordinances might have) It's not easy. Some people can't qualify for mortgages, some properties won't qualify for mortgages(or insurance). It's hard to find 2 parties willing to buy and sell under such arrangements, and conditions, but it is more needful all the time. BINGO! And I will say, having a friend who is rehabbing a couple right now, that the city has bent over backwards trying to help him accomplish his goals. He is intent on doing it right, and won't be turning them for a quick buck though. That is actually a capital idea, helping folks get into their first home via. mostly sweat equity. My first home was bought here in 1990, back in the "good days", paid 14,000 for it and didn't sleep for months. I took it apart room by room, and remodeled it top to bottom. Everyone should do one............. There are a heck of a lot more of those fixer-uppers out there today than when I did it.
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