All Forum Posts by: Jessica Hood

Thanks everyone! All very good advice. I know what to do now! I will let you all know how things turn out.

If I want to get the maximum value out of this house, should I spend the money to fix this or leave it??

The house is in pretty good shape. Fresh paint, cleaned thoroughly, and all that good stuff. It's a cute house in a good neighborhood. New siding, windows, and AC. But competition is fierce as there are houses for sale all around and on this very street.

Issue 1: The kitchen cabinets are old and ugly. They were black which made the fairly small kitchen look smaller so I painted them white to match the appliances and trim to see how it would look. The counter top is this old ugly dark grey multi-tone color. Cheap stuff. The appliances are all fairly new (fridge, ceramic cooktop stove, microwave/hood, no dishwasher) and we put down new tiled laminant (sp?).

Q: Should I spend the money to put new cabinets and/or counter top in?

Issue 2: The bathroom cabinets look good and the toilet is fairly new. But the bathtub, surround, and sliding glass shower door is horrible! The tub is old and metal with the white coating on it that is stained. I was able to clean it up some, but it's no longer glossy. All the caulking is discolored and must be replaced. The surround is also stained and is by design this ugly yellowish color. The sliding glass doors have this crusted stuff on it that I can't get off. The shower head is also kind of gross.

Q: Should I spend the money to buy a new tub and surround? Or should I keep what's here, re-caulk, and just do my best to clean everything?

I'm just not sure because I hear some things will not make enough difference in profit to justify the expense. What are your thoughts on this?

Oh... LOL! I didn't see that. Thanks everyone!!

Oh... and I do know about the NHMS listings already. Just looking for more resources then that.

There are tons of paid resources out there that claim to give you the best listings for foreclosed and seized properties, but the majority are scams as far as I can tell. So does anyone recommend any good resources? And how do those people collect their information? Isn't there a way I can do that myself without it costing me?

If you are looking at a foreclosed property, how do you go about determining the ARV? A real estate agent? An appraisal? Are you able to have inspections done on foreclosed properties and is it any different then working with a property that is not in foreclosure?

Even more fantastic info! Thanks Charles!

I love this site!

Ohhhh... yes! Ok thanks!

Scratch that sentence. I was thinking of something else. Auditors value has not increased. It's still the same. :wink:

Ahhh... I see! Thanks! I have a lot of reading ahead of me!