All Forum Posts by: Steve Crisp

Looking to sell Child Hood home AS IS. Was originally asking for $60k but due to water and roof damage I decided to stop repairs myself and drop price by 50% to $30k or best offer. Neighborhood on the rise but changing location and decided move on.

Address 6735 Maryellen

St. Louis MO 63122

Trying to off load before May.

Steve

 Randy, you got me thinking outside of my box. Thanks for the reply. 

Thought never crossed my mind. Interesting option. 

My childhood home has been sitting for 5 years. Needs a roof, electrical, HVAC, new kitchen, walls and fireplace, and has a collapsing back patio. I thought about fixing it up myself and keeping it in the family but Im out of state and have no one to trust to follow up with Project Managers. I decided to sell for $50k but keep getting offers from $20-35k. I'm not disparate so I have declined those offers. Is there a strategy for selling AS IS?  Is there something I can do to walk away with a decent amount of cash or should I just off load it as fast as I can? 

Yesterday I thought about getting the roof inspected. Think it might be smart to get my own estimate on repairs. If I can restore it for $20-35k, then I can rent it out myself. Wanted to take these thoughts out of my head and toss it to the Universe and see what comes back. 

Mike, listen to Caleb. Your 19. What about college or a career in the military? Forget the car and real estate for now. Join the US Military (Enlisted or Officer). Apply for a job rating that has something to do with what you want to do after your service. You can get a free education while on active duty, and you will qualify for the Post 911 GI bill if you decide to go to school after the completion of your service. Invest in a nice car you intend to keep for at least 15 years or 200k miles or more and have it paid off before getting out the service. You will have your military connections, your travel experience, money for college, reliable paid off transportation, and the pride and benefits that come with serving your country. Basically, invest in yourself in multiple areas other than just chasing real estate. At 19 you never know, your true love of profession might be in a different field all together. Grow yourself and learn more about yourself in the process. 

Best regards,

Steve

Thanks Sam, thats awesome advice!

David, meeting with the bank next week to discuss restructuring the loan. If it doesnt work out I will start the selling process and will provide you with the details

Good advice Carmeron. I have an appointment with them Monday.

Father passed away. Mom is relocating to another state and moving out of the family home. Home is in St. Louis and currently has a mortgage loan of $17grand remaining and is worth $42 grand according to Zillow but has lots of needed repairs (electrical, heating/cooling, kitchen, bathroom, roof, and deck) I'm guessing another $20 grand at least in repairs/upgrade. I'm located in Virginia and the out of state issue is also a problem. Its a 13 hour drive and $400-600 plane ticket depending on the date. Thinking I should advise her to sell it or let it go into foreclosure. Concerned about taking on this project so far away with so much work to be done and think letting it go into foreclosure is the best decision to make but cant seem to make a decision and since I just joined this site, I was wondering what would a more experience BiggerPocket member do. Any feedback?

Steve