For Sale

Al Quandt · Post by **Al Quandt** » Tue Aug 07, 2007 1:50 pm

sevesd93 wrote:
kimaliz wrote:Yeah, I work in real estate. The amount of listings we had just about tripled in the last week or so.
Yeah, I getting ready to sell my house, and it is going to be a b**% since everyone else on my street has decided they are going to get the f**k out of dodge too.

Have you chose a Realtor yet?????

Garr · Post by **Garr** » Tue Aug 07, 2007 1:55 pm

deek wrote:Yeah...but MY definition would be how much you are in the black after you sell:) I think that is the most accurate, but that isn't ever determined until after you sell...

So, the dictionary definition is what it will commonly be defined as.

That's not equity, though, that's liquidity.

MynameisJenn · Post by **MynameisJenn** » Tue Aug 07, 2007 2:19 pm

So what happens when the city assesses your house for less than what you paid for it? Like 18,500 less--were we stupid? or is the city stupid?

sevesd93 · Post by **sevesd93** » Tue Aug 07, 2007 2:30 pm

kimaliz wrote:
sevesd93 wrote:
kimaliz wrote:Yeah, I work in real estate. The amount of listings we had just about tripled in the last week or so.
Yeah, I getting ready to sell my house, and it is going to be a b**% since everyone else on my street has decided they are going to get the f**k out of dodge too.
Have you chose a Realtor yet?????

No not yet, we will have to talk.

Al Quandt · Post by **Al Quandt** » Tue Aug 07, 2007 2:33 pm

sevesd93 wrote:
kimaliz wrote:
sevesd93 wrote: Yeah, I getting ready to sell my house, and it is going to be a b**% since everyone else on my street has decided they are going to get the f**k out of dodge too.
Have you chose a Realtor yet?????
No not yet, we will have to talk.

Yessir, my parents are exceptional Realtors. ( I build their Virtual Tours)

deek · Post by **deek** » Tue Aug 07, 2007 3:13 pm

Garr wrote:
deek wrote:Yeah...but MY definition would be how much you are in the black after you sell:) I think that is the most accurate, but that isn't ever determined until after you sell...

So, the dictionary definition is what it will commonly be defined as.
That's not equity, though, that's liquidity.

I can send you a copy of MY dictionary...I think that will clear everything up:)

deek · Post by **deek** » Tue Aug 07, 2007 3:16 pm

MynameisJenn wrote:So what happens when the city assesses your house for less than what you paid for it? Like 18,500 less--were we stupid? or is the city stupid?

No...my understanding is the city accessor mainly takes a quick walk around the house, so there could be a lot of things that are missed. I mean, if you have a finished basement added after purchase, they might not have included that.

I believe I am unlucky enough to be on the other side of this, as our house assessed for 10-20% more than we paid...seeing we are not planning on moving for several decades, the increase in "city value" just means we get our taxes jacked up...blah!