[okbymeman]

Originally Posted by Stylo

I got a siding quote in 2021 and it was between $80k-$120k

But it was higher end materials and included all new trim, and the company had a lot of Westport, Darien, etc houses on their site despite being based in Stratford.

I plan to get another quote for Cedar Impressions vinyl but I’m in no rush.

What is the square footage? I’m also interested in Cedar Impressions for a 1600 sq ft cape. But I’m scared to get a quote now.

[Stylo]

Originally Posted by okbymeman

What is the square footage? I’m also interested in Cedar Impressions for a 1600 sq ft cape. But I’m scared to get a quote now.

I don’t remember. Maybe 3500 square feet of siding? You’d definitely have a lot less.

[mdovell]

Originally Posted by Beeker2211

Anyone still in the flipping game right now is either shrewd, desperate, or dumb. I suspect most are of the last category, but who knows if you can work the wholesaling for properties might eek out a profit.

I don't think flippers are bad people for the most part. I bought my house from one. Granted I knew what I was getting into and made some adjustments after the fact, nothing earth shattering. The house in question I found out had some serious issues that made it unlivable. The town will get much more in property taxes and values will go up. At the same point though I would argue that if there was some non profit helping people out with grants maybe it could have been maintained and not sold off for so much more but there's only so much towns can do.

Well today I checked listings and this is getting *really* crazy. I just saw a house get posted and just ELEVEN hours later it is already in pending status. I mean it isn't technically complete but not days here folks, hours! It is not a flip. Made in 2001 and the price is $550,000. Last sold in 2002 for $267,000

[notghinsaw]

If they can sell a house in 2 weeks like this one https://www.redfin.com/CT/Cheshire/2...operty-history then going pending in a few hours doesn't seem out of place.

[Beeker2211]

Originally Posted by mdovell

I don't think flippers are bad people for the most part. I bought my house from one. Granted I knew what I was getting into and made some adjustments after the fact, nothing earth shattering. The house in question I found out had some serious issues that made it unlivable. The town will get much more in property taxes and values will go up. At the same point though I would argue that if there was some non profit helping people out with grants maybe it could have been maintained and not sold off for so much more but there's only so much towns can do.

Well today I checked listings and this is getting *really* crazy. I just saw a house get posted and just ELEVEN hours later it is already in pending status. I mean it isn't technically complete but not days here folks, hours! It is not a flip. Made in 2001 and the price is $550,000. Last sold in 2002 for $267,000

I don't think smart flippers are bad people at all, they can provide real value to areas and less than cared for properties. What I said were people flipping *right now* paying essentially retail prices for properties expecting premiums like it's last year. Basically right now if flippers are using realtors on the open marketwith literally any leverage they are fool hardy playing a very dangerous game... which with massive runups in land value is pretty common.

[notghinsaw]

Originally Posted by Beeker2211

I don't think smart flippers are bad people at all, they can provide real value to areas and less than cared for properties. What I said were people flipping *right now* paying essentially retail prices for properties expecting premiums like it's last year. Basically right now if flippers are using realtors on the open marketwith literally any leverage they are fool hardy playing a very dangerous game... which with massive runups in land value is pretty common.

I'm not sure what's your point. Houses are still sold over asking even with current rates.

[mdovell]

Another flip I see bought for 175K and now for sale 195K. Flipper is burned though. I can tell from the photos they gave up on the flooring, for some reason a hot water heater is in the kitchen?, the deck was partially replaced, a basement with no lights, mis matched carpet etc.

[JayCT]

Originally Posted by CTartist

You are correct.

I have not checked the Stratfield area in over a year so I took a look.

This is Real Estate gone WILD! This 2 bedroom ranch house is $575,000.
https://www.coldwellbankerhomes.com/...d/pid_58964370

As you look through the pictures the nice ones are virtually staged. I am thinking you would need to spend at least $100,000 to get this decent to move in.

I put this on here because I want to see how much it finally sells for.

It sold for $537,000 which is $38,000 under asking. Since it sold so fast, I’m again guessing it’s an all cash deal by a builder and will be torn down for the lot.

https://www.bhhsneproperties.com/sin...field-ct-06825

[Stylo]

That's a dump. Hideous green. Has to be teardown.

I was thinking about teardowns recently.

We all know Westport will do them until every raised ranch and modest cape is replaced by a McMansion. Their local Westport Now blog used to do a "teardown of the day" feature. I think the blog is dead now, but the teardowns continue.

Fairfield has seen a lot of it too. Fairfield Beach area south of 1 continues to have them.

In Milford I used to only see teardowns in the coastal areas, but I'm seeing more elsewhere. I guess in these coastal towns where there's very few lots to develop, this trend will only continue.

[SteveM85]

That's not a teardown guys , it's a downsize. New roof, paint and some trim work like the one next door and you're good to go.