The Housing Thread

[Zoidberg]

Roswell's housing market is totally alien to me.

First, I sometimes think that every other resident of Roswell is a realtor. There sure seems to be a bunch of them for the size of the population. Business can't be that good.

Nowhere else have I found houses that run under $50k and get taken off the market after 90-180 days.

I was wondering, what typically happens in these cases? Are the homeowners simply stuck with the properties and just give up on them, waiting for better times, or letting the property taxes pile up and the elements take their course?

If I see a vacant house that was formerly for sale, who typically owns it (banks, rich families, out-of-town absentees, locals) and how hard is it to a) figure out who they are, and b) get in touch with them if I want to make offers on buying it?

(Not contacting the former realtor is the idea)

[67cj5]

The county assessor should have the information you are looking for.

[jsatterfield]

For sale

709 W Jaffa
Roswell NM 88203

ALL FIELDS DETAIL
MLS# 94834
Status -Active
Type -Single Family
Address -709 W Jaffa
Address 2
City- Roswell
State- NM
Zip- 88203
Area -SW 4
Class -Residential
Asking Price -$119,000
Sale/Rent- Sale
IDX Include Yes
06/26/2009 06:22 PM Page 1 of 2
Bedrooms- 3
Baths- 2
Garage Capacity-2
Garage Type- Attached
Carport Capacity none
Carport Type-none

Age Range 16-25 years
Approx. SQFT Range 1001-1500
FP- 1
GENERAL
VOW Include- Yes
VOW Comment-Yes
Agent- Virna Avitia - Cell Phone 575-840-9831
Listing Office 1- Wise Choice Real Estate office 575-625-6935
Listing Office 2
Commission: LlC 3
Real Estate Contract - No
Expiration Date 12-02-09
Lot Size - 63'x97'

Owners
Occupant Phone # 575-626-6602
County - Chaves
Age - 22

SQFT Source - Tax Office
Bedroom #1 Dim/Des - 16'x 13'
Bedroom #2 Dim/Des - 12' X 13"
Bedroom #3 Dim/Des - 15' X 16"

Floor Covering - Acceptable
Exterior Paint - Good

Other Building/Size 10" X 13 metal Build

Original Price - $119,000
Price/Sq Feet - $90.70
Yes - VOW Address
Yes - VOW AVM
VIRNA AVITIA - CEll: (575) 840-9831 Agent Preferred Phone
WISE CHOICE REAL ESTATE - Listing Agent 2
Office: (575) 625-6935
WISE CHOICE REAL ESTATEOffice:
(575) 625-6935
Commission: BA
VAR
Listing Date - 6/3/2009
Legal - South Plains Park Blk 8 Lot

Occupied By- Owner
Directions
How Show Call Owner - 575-626-6602
Year Built - 1987
Approx. SQFT - 1312

Kitchen Dim/Des - 18" X 11"
Interior Paint - New
Exterior Finish - Stucco
Patio- Yes

Features
New AC and Heater 2yr old

New Roof 2 years old

White Vinyl fence in front yard installed in 08

New ceder fence in back yard 5 years old

Beautiful above ground pool will stay along with patio furniture

ALL APPLIANCES STAY all less then 2years old, with washer and dryer

New lawn mower stays.

Call me we can talk about price.

[Zoidberg]

Why selling?

For a friend? relative?
Moving up? Moving away?

And why no REC? With your price/sqft ($75 is on the high side in 88203), I'm concerned the already stingy mortgage market would steer clients elsewhere.

Good luck tho!

[jsatterfield]

Let’s say Moving up and Away,To North Carolina, I’m not a real estate guru so I’m guessing that REC is recreation room, in a house that’s 1312 sqft there not room for a REC room unless you want really small bed rooms and kitchen, if you look at the size of the bed rooms and kitchen you will see that they are all huge in size for a house this size.

I don’t set the price per Sq Ft at $90.70 Sq Ft the market does, As I said if someone is interested in my house all they have to do is call and come look and make me an offer. I will consider all offers that are reasonable.

[Zoidberg]

Sorry about the jargon. REC means real estate contract; it can mean a lot of different things, but often it means the seller is willing to carry the loan in some fashion, rather than just demanding the money all up front.

The disadvantages, well, are obvious. The advantage, though, is that the pool of potential buyers grows and it helps a house that is otherwise a bit more expensive get sold faster.

Interesting that "the market" helped you come up with that price. I had no idea markets worked that way.

Number of listings with higher prices/sqft in 88203: 19
Number of listings with lower prices/sqft in 88203: 80

2 car garages are relatively uncommon in Roswell and don't typically get counted toward the square footage (nor do upgrades or bonus appliances), so that does have to be factored in. However, many of the 19 with higher prices come with large parcels of land.

Good luck with your listing. Funny how selling houses is not near as much fun as buying them.

[jsatterfield]

Well I should find out this week if I sold my house, the young couple from Colorado with the newborn has it narrowed down to 2 house’s, they came over Saturday morning and looked around some more. Just maybe I will be out of your hair soon, Can people from North Carolina be a member of TalkRoswell?:smk1:

[jsatterfield]

I have an Offer and I accepted, Just call me GONE in less than 30 days :smk1::naughty:

[kralspaces]

TalkRoswell is global... you can't hid from us.

[jsatterfield]

Just signed a bunch of papers to sell my house, its getting close, I'm so happy,