All Forum Posts by: Dustin Benton

you can make lots of assumptions based on the information. 

For example: if the home is over 30 years old you probably need a water heater, roof, new cosmetic items, and so on. 

If the properties are not occupied, ask how long they have been empty. A house that's been abandoned will go downhill quickly; gutters, fascia, plumbing. Etc. 

Also, the year it was built. Codes on such change over time. A home built in the 50s will likely have the same problems as other homes in the area that were built around that same time. Lead paint and pipes, asbestos, layout/design.

All that being said, if you are talking to the owners, they should be able to let you see the inside of the house. I can't think of a reason why that wouldn't be possible for someone who wants to sell a home. 

hi @Mark M.

I also live in NC. What kind of contractor are you?  I've been looking for one. 

I have already done that. I'm just waiting on them to look through everything. It's more for educational purposes; that I ask. 

I'm getting ready to sell a property. The home needs about $45,000 to be fully remodeled. 

3292 square feet 

.998 acres 

3 or 4 bedrooms

3 bath

Comps are hard to come by. The county only has 6 similar properties. What do you think I should ask. 

Here are the comps

http://207.4.172.206/WebSite/LCProperty2/fs_process2.asp?fire=LINCOLNTON&twp=NORTH%20BROOK&twp=HOWARDS%20CREEK&twp=LINCOLNTON&twp=IRONTON&nbh=A&lake=A&zone=R&minacre=.5&maxacre=1.5&startdate=2015&enddate=2016&impv=RS&style=A&basement=A&minfeet=3000&maxfeet=3500

  @Account Closed

mortgage foreclosure, on January 21 and the home is vacant. The current owner is a law firm. It's a cash auction and I think I'll have to pass on it. I'm having a difficult time coming up with sufficient funds. 

hey everyone,

I property that I have had my eye on is going to auction at our courthouse. 

I'm not familiar with courthouse auctions. I know that I'll be responsible for the title search, that's about all I know. 

Is this a wonderful opportunity or a dangerous game? Do houses at auctions sell for drastically less or more? 

Would anyone be willing to give me a play by play or send me in the direction on one?

that's fine. I was just a little too slow