WHat do you think of this house in Capitol Hill?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thanks for the input. Do you think offering less is a waste of time?

Yes, probably, given how quickly things are going on the hill and the lack of inventory ...

Pump and dump.

No - just realistic about the market. Check redfin, I think there are a grand total of TWO houses for sale right now at that size & price range on Capitol Hill zoned for one of the "good" schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thanks for the input. Do you think offering less is a waste of time?

Yes, probably, given how quickly things are going on the hill and the lack of inventory ...

Pump and dump.

No - just realistic about the market. Check redfin, I think there are a grand total of TWO houses for sale right now at that size & price range on Capitol Hill zoned for one of the "good" schools.

Add a few more qualifiers and it will eventually be the only house for sale in DC. I especially enjoyed the "good schools" bit.

[Anonymous]

DH and I are interested in the house. We are planning to put in an offer slightly higher than their asking.

[Anonymous]

Anonymous wrote:DH and I are interested in the house. We are planning to put in an offer slightly higher than their asking.

Really? How much money do you estimate will go into changing things? Did you feel like it was a little too dark?

[Anonymous]

Anonymous wrote:

Anonymous wrote:DH and I are interested in the house. We are planning to put in an offer slightly higher than their asking.

Really? How much money do you estimate will go into changing things? Did you feel like it was a little too dark?

Estimating roughly $75K-$100K in updates...It only looks dark bc of the paint colors/taste in dark furnishings that the current owners have. Can easily turn this into a bright and cheery space with a couple...ok several cans of paint. If our offer is accepted the first thing that we will do is probably white wash that dark brick wall. Change the living/dining paint colors to something softer and more cheery like a yellow tone. There's lots of potential here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thanks for the input. Do you think offering less is a waste of time?

Yes, probably, given how quickly things are going on the hill and the lack of inventory ...

Pump and dump.

No - just realistic about the market. Check redfin, I think there are a grand total of TWO houses for sale right now at that size & price range on Capitol Hill zoned for one of the "good" schools.

Add a few more qualifiers and it will eventually be the only house for sale in DC. I especially enjoyed the "good schools" bit.

What part of "supply and demand" do you not understand?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DH and I are interested in the house. We are planning to put in an offer slightly higher than their asking.

Really? How much money do you estimate will go into changing things? Did you feel like it was a little too dark?

Estimating roughly $75K-$100K in updates...It only looks dark bc of the paint colors/taste in dark furnishings that the current owners have. Can easily turn this into a bright and cheery space with a couple...ok several cans of paint. If our offer is accepted the first thing that we will do is probably white wash that dark brick wall. Change the living/dining paint colors to something softer and more cheery like a yellow tone. There's lots of potential here.

Wow, as a newbie, this really is enlightening! Are you worried about parking? Do you have kids? Do you think the space will be enough if you do? Can I ask if you are going to go over 800?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thanks for the input. Do you think offering less is a waste of time?

Yes, probably, given how quickly things are going on the hill and the lack of inventory ...

Pump and dump.

No - just realistic about the market. Check redfin, I think there are a grand total of TWO houses for sale right now at that size & price range on Capitol Hill zoned for one of the "good" schools.

Add a few more qualifiers and it will eventually be the only house for sale in DC. I especially enjoyed the "good schools" bit.

What part of "supply and demand" do you not understand?

I think you have a dog in this fight. You're either a realtor or someone looking to sell.

[Anonymous]

I know this wasn't the original poster's question, but what about this one? Seems like a low price to me?
http://www.redfin.com/DC/Washington/323-E-St-SE-20003/home/9894415

Why are offers being requested on a specific date?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thanks for the input. Do you think offering less is a waste of time?

Yes, probably, given how quickly things are going on the hill and the lack of inventory ...

Pump and dump.

No - just realistic about the market. Check redfin, I think there are a grand total of TWO houses for sale right now at that size & price range on Capitol Hill zoned for one of the "good" schools.

Add a few more qualifiers and it will eventually be the only house for sale in DC. I especially enjoyed the "good schools" bit.

What part of "supply and demand" do you not understand?

I think you have a dog in this fight. You're either a realtor or someone looking to sell.

and you, troll, are the one always looking to pick a fight.

[Anonymous]

Anonymous wrote:I know this wasn't the original poster's question, but what about this one? Seems like a low price to me?
http://www.redfin.com/DC/Washington/323-E-St-SE-20003/home/9894415

Why are offers being requested on a specific date?

That one must need some work somewhere! Offers are being requested on a specific date for precisely the reason we're discussing here -- the market is so competitive that sellers can demand all offers on a certain date. They're also probably expecting to get up-bids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thanks for the input. Do you think offering less is a waste of time?

Yes, probably, given how quickly things are going on the hill and the lack of inventory ...

Pump and dump.

No - just realistic about the market. Check redfin, I think there are a grand total of TWO houses for sale right now at that size & price range on Capitol Hill zoned for one of the "good" schools.

Add a few more qualifiers and it will eventually be the only house for sale in DC. I especially enjoyed the "good schools" bit.

What part of "supply and demand" do you not understand?

I think you have a dog in this fight. You're either a realtor or someone looking to sell.

Ha ha, quite the opposite. I just bought on the Hill in the same price/size range as the OP, and I know what ridiculousness we went through. I don't disagree with the basic premise that real estate can be a bad investment, and I do think it remains to be seen if capitol hill is in a bit of a bubble right now. But as far as the market goes in the short term ... it's competitive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know this wasn't the original poster's question, but what about this one? Seems like a low price to me?
http://www.redfin.com/DC/Washington/323-E-St-SE-20003/home/9894415

Why are offers being requested on a specific date?

That one must need some work somewhere! Offers are being requested on a specific date for precisely the reason we're discussing here -- the market is so competitive that sellers can demand all offers on a certain date. They're also probably expecting to get up-bids.

That's what I was assuming. The expectation of up-bids given the relatively lower price for the neighborhood. It looks really nice, but doesn't have a garage and has a small backyard space.

[Anonymous]

In terms of location, it's right near the power plant and freeway. I wouldn't want to be that close to either. I'd pick a location deeper into the Hill.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thanks for the input. Do you think offering less is a waste of time?

Yes, probably, given how quickly things are going on the hill and the lack of inventory ...

Pump and dump.

No - just realistic about the market. Check redfin, I think there are a grand total of TWO houses for sale right now at that size & price range on Capitol Hill zoned for one of the "good" schools.

Add a few more qualifiers and it will eventually be the only house for sale in DC. I especially enjoyed the "good schools" bit.

What part of "supply and demand" do you not understand?

I think you have a dog in this fight. You're either a realtor or someone looking to sell.

and you, troll, are the one always looking to pick a fight.

At least I'm not trying to inflate a typical, slow summertime real estate market. And since you didn't answer my question, I'm guessing realtor.