Has anyone purchased a home on the West side of broad in the last few months? If so, can you tell me what the property was listed for and what you actually paid for it? Also, whether it was a fixer upper or rehab. My realtor is pushing me to pay only ten thousand below list price for a rehab. The block itself is a mixture of rehabs and boarded up homes. The home I am looking at has been on the market for several months and is next door to a boarded up home. Do you think my realtor is right?

Don't know the particulars of the price or the block, nor have experience in that area. Generally, though, you, not the realtor, have to decide whether you think the property is worth a certain price. It's been on the market for a while, so maybe no one else thought it was worth 10k under asking price. Even houses in good shape are on the market longer now. Why be in a rush to pay more than you think is worth for a house you'll have to expend big money and effort fixing on a not-there-yet block?

I find this site while i was looking up the market value for my property. You can see what the current market value is.. who purchased it for how much and when and a few other things.

http://brtweb.phila.gov/brt.apps/Sea...spx?url=search

I bought WOB back in Mar and paid asking price, but I bought from the owner so I don't think the price wasn't inflated for realtor fees. The house was in move in condition. Check out http://brtweb.phila.gov/to see what houses have sold for in that area and go w/ your gut.

ask agent for comps in that area he/she can give you the asking price and sale price this is very commom for an agent to do (it is available in trend) I would not go back more than 6 mths

__________________
PA Realtor

I went $15k below asking, and got a credit to fix some stuff on a rehab. That was during the boom times of 2005.

Lowball, lowball, lowball. Worst they can say is no.

We offered $25k below and they accepted $15K below. We walked away from the property for about a month before we agreed on a price. This was also durring the boom of 2005.

This was also $60k lower then their original asking price, and the closest comp.

I agree, lowball lowball lowball.

Oh, this was west of broad, just north of Washington, and it was already rehabbed.

__________________
"I been a prisoner to a white Mr. Coffee
Down here on Christian Street" - Marah

The BRT website was a big help. I found out that they purchased the property in 2007 for only 30,000 but with the rehab their now asking for 150,000. A rehab on the block sold for 150,000 but it is a 3 story home while the property I'm looking at is only a two story one. Therefore, I think I will go with the crowd and low ball!!! Thank you all!

Thanks lemonfresh, this was exactly what I was looking for!