A Great Townhouse Opportunity!


A Great Townhouse Opportunity!
By Scott Rogers • November 22, 2007
The townhome to the right (1206 Wordsworth Court) is located in Beacon Hill Townes, and presents a great opportunity for investment --- depending on a few factors. Before we go any further --- I do not represent the sellers of this property, though another Realtor in my company does --- also, this property is owned by an asset management company, not an individual. In the past six months, 15 two-story townhomes have sold in Beacon Hill at an average price of $159,786. This townhome is priced at $148,000 --- thus providing a $12,000 margin. Please note, work is needed to bring this house up to a similar condition as the comparable sales. The two key factors to making this a great opportunity are: 1. Whether the buyer can do most of the work themselves. 2. The degree to which the seller will negotiate the price down below the asking price. If the eventual buyer will live in the house themselves and do most/all of the work themselves, they will only have the cost of materials for the repairs to be completed. Furthermore, if the seller can be negotiated down further, there will clearly be even more of an opportunity. Are you interested? Know of someone who is? Be in touch . . . 540-578-0102. scott@cbfunkhouser.com. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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