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IWOG - opinion please....

By krc (3/3 = 100% civil)   2013 Jan 24, 4:20pm   ↑ like   ↓ dislike   921 views   4 comments   watch (1)   share   quote  

Is this a flip? Is this a realistic assessment of the appreciation going on in Concord already, or is there something else at play? Curious since you know the area.... Seems over-priced to me but what do I know. Can you tell if this was bought at auction (how?), or was this a foreclosure sale that may have taken a long time to go through....



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1   Bigsby   2013 Jan 24, 4:29pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

That's one expensive kitchen.

2   BayArea (43/43 = 100% civil)   2013 Jan 25, 7:29am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

$98K for less than a month's work?

Then again you can ask anything for a house. Getting it is another story.

There is NO WAY that house will pull anything close to $350K in Concord.

3   The Professor   2013 Jan 25, 8:11am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

The house is in the $250K Neighborhood. You can see the $350K Neighborhood a couple blocks away.

6 houses for sale (Red)
35 Preforeclosure and foreclosed not yet on market (Blue)

Plenty more houses where that one came from.

4   KILLERJANE   2013 Jan 26, 11:07pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

What are they really profiting on this after fees/capital gains/improvements, assuming they are not realtors?

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