Sunday, April 27, 2008
Yesterday, the Missus and the Ba, and I (Da) checked out this "lovely 1912 home" just for fun (it was an Open House, and we were passing by). The first thing that the agents said (beyond "hello") was that the price had been dropped from $799k to $709k, and that the sellers were "very motivated". The male agent started blathering about how the market was strong for another 4-5 years. I did not ask why the price reduction in the face of all that market strength.
The agents seemed a bit dejected.
The house is tenanted, with the main and upper floor rented at $1300/month, and the basement suite rented at $700/month. The two bedrooms at the top were very small, and the Missus said that it would be good for a couple, but not so much for a family. The kitchen has been recently modernized, and the basement suite was all modernized -with new plumbing, wiring, drains, etc. I asked if there was still knob and tube wiring in the house, and the agents were...evasive - pointing out the original fir trim and panelling.
The female agent looked at our gorgeous Ba, and said "Hi. You're kind of cute." The Missus looked at her sharply (usually, we hear "gorgeous", beautiful", or "adorable"), and I muttered that the house was "kind of over-priced".
It is a character-filled house, but I would not offer more than $400k.