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Updated almost 5 years ago on . Most recent reply

User Stats

61
Posts
23
Votes
George Wines
  • Investor
  • Denver, CO
23
Votes |
61
Posts

Stamford CT Help Needed

George Wines
  • Investor
  • Denver, CO
Posted

My family is looking to either sell or upgrade and sell a house in the town of Stamford, CT. Since this isnt my house and I live in the Denver area and am more familiar with that market, I am looking for somebody more familiar with the Stamford market. The house is a 2/2 with a finished basement but it has a lot of asbestos and some knob and tube wiring. To get the market rate for the house, I am curious to know if it would be worth the time and money to try to hire contractors to improve it to sell it or whether it would just be simpler to sell it to an investor or below market rate. I dont know what the standards of the area are for level of finishings and whether it would need only a bit of work or much more.

On a separate note, this property has not been lived in for many years by the owner so it doesnt quailfy for the 2 of the last 5 years tax exclusion. The owner is open to the possibility of owner financing, but I dont know if that is a standard thing around here.

Is there somebody out there that would be willing to advise my family on commercial prices of houses in the area, the amount of time/money required to fix it up if we went that direction, and how to go about owner financing?

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