Comments on: Builder Blues http://blog.redfin.com/seattle/2008/04/builder_blues_.html Redfin Seattle Sweet Digs Mon, 23 Nov 2009 07:13:24 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Susie Naficy http://blog.redfin.com/seattle/2008/04/builder_blues_.html/comment-page-1#comment-2010 Susie Naficy Thu, 17 Apr 2008 21:20:46 +0000 http://blog.redfin.com/seattle/2008/04/builder_blues_.html#comment-2010 Thanks Theresa - you are right, those numbers are transposed. Its a nice profit, IF the house sells close to the asking price - which it likely will not considering its been on the market for over one month now. Despite the fact that the value is in the land, the original purchase price was high (at $663 sq/ft) - asking for a higher price, in a slower market, is likely to not be very fruitful. Keep an eye on it - we'll see! Thanks Theresa – you are right, those numbers are transposed. Its a nice profit, IF the house sells close to the asking price – which it likely will not considering its been on the market for over one month now. Despite the fact that the value is in the land, the original purchase price was high (at $663 sq/ft) – asking for a higher price, in a slower market, is likely to not be very fruitful. Keep an eye on it – we’ll see!

]]> By: theresa http://blog.redfin.com/seattle/2008/04/builder_blues_.html/comment-page-1#comment-2009 theresa Wed, 16 Apr 2008 22:58:09 +0000 http://blog.redfin.com/seattle/2008/04/builder_blues_.html#comment-2009 You made an error on the Medina house it was purchased for 955K and is now selling for $1,249,950 (thats a nice profit for just sitting on a house) You made an error on the Medina house it was purchased for 955K and is now selling for $1,249,950 (thats a nice profit for just sitting on a house)

]]> By: Susie Naficy http://blog.redfin.com/seattle/2008/04/builder_blues_.html/comment-page-1#comment-2008 Susie Naficy Wed, 16 Apr 2008 21:42:31 +0000 http://blog.redfin.com/seattle/2008/04/builder_blues_.html#comment-2008 avorob - sure you can repost! I agree, Builders are obviously the most vulnerable with high start up costs and upkeep - not to mention that many of these new homes are staged at the cost of thousands per month. At least if you are a homeowner and you can't sell, you can enjoy your home while you live there! avorob – sure you can repost! I agree, Builders are obviously the most vulnerable with high start up costs and upkeep – not to mention that many of these new homes are staged at the cost of thousands per month. At least if you are a homeowner and you can’t sell, you can enjoy your home while you live there!

]]> By: avorob http://blog.redfin.com/seattle/2008/04/builder_blues_.html/comment-page-1#comment-2006 avorob Wed, 16 Apr 2008 14:52:49 +0000 http://blog.redfin.com/seattle/2008/04/builder_blues_.html#comment-2006 Nice stats. We're seing the same trend in Midwest. At some point builders won't be able to hold their finished projects any longer (interest payments and taxes) and would have to unload. Susie, whith your permission I reposted this article on our blog - blog.teardowns.com Nice stats. We’re seing the same trend in Midwest. At some point builders won’t be able to hold their finished projects any longer (interest payments and taxes) and would have to unload.

Susie, whith your permission I reposted this article on our blog – blog.teardowns.com

]]> By: April Showers Bring Tax Dollars | Redfin Seattle Sweet Digs http://blog.redfin.com/seattle/2008/04/builder_blues_.html/comment-page-1#comment-2005 April Showers Bring Tax Dollars | Redfin Seattle Sweet Digs Wed, 16 Apr 2008 05:32:53 +0000 http://blog.redfin.com/seattle/2008/04/builder_blues_.html#comment-2005 [...] Builder Blues [...] [...] Builder Blues [...]

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