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    You know what's really not funny? My house, that I've fixed up substantially has gone from an online estimator tool value of 330k in 2018 to 240k currently. In that same time frame all of my neighbors properties have gone up in approximated value somewhere between 20 and 30 percent, which matches the general rise in sale price of the area quite closely.

    Clearly those estimators are just based on some uncontrollable criteria and do not reflect actual value, but potential buyers certainly use them when purchasing.

    Makes sense to me. FML.

    Comment


      Originally posted by TeXJ View Post

      Which area are you in?

      Phoenix, AZ

      Originally posted by roguetoaster View Post
      You know what's really not funny? My house, that I've fixed up substantially has gone from an online estimator tool value of 330k in 2018 to 240k currently. In that same time frame all of my neighbors properties have gone up in approximated value somewhere between 20 and 30 percent, which matches the general rise in sale price of the area quite closely.

      Clearly those estimators are just based on some uncontrollable criteria and do not reflect actual value, but potential buyers certainly use them when purchasing.

      Makes sense to me. FML.
      Stuff like zillow and other estimators widely vary. If you actually listed then took it down, your value is likely just like your neighbors. Sometimes those estimators go off of your purchase or last sold price, when in reality this market is crazy and you would get in-line what your neighbors are paying/getting. etc. It's said that in the last 30 days alone many hot markets are up 23%. IN THE LAST 30 DAYS. There aren't enough homes in a lot of areas, so prices are skyrocketing.

      I know someone selling soon, and 4 houses down a 1,000 sq ft smaller house just sold for $75k OVER list... insane.

      Comment


        aww ok, yeah AZ is right next to Cali so that makes sense.
        1990 325is
        m52b28
        3.73lsd
        g260 (1987 325is 5spd tranny)

        Comment


          Originally posted by TeXJ View Post
          aww ok, yeah AZ is right next to Cali so that makes sense.
          Yep, the amount of people swooping in and paying cash or overpaying for houses is part of the problem. It's not just Cali transplants. It's from all over.

          Comment


            Same here. Neighbor decided to sell during the frenzy, got 30% more than the house was worth (aka "valued") during the 07 bubble - then had trouble finding a rental last month, had to very "under-settle", and the monthly payments actually increased substantially. A house has been being built at our corner, was a slab 3yr ago when we moved in, now is a duplex town home, each half having 5/3, single garage, and one half just sold for $550k. The single homes on the street are typically 3/2 or 4/2 with single garage single family, and were selling about 300 in 2019. I'm beside myself they got over .5m for a half duplex here.
            john@m20guru.com
            Links:
            Transaction feedback: Here, here and here. Thanks :D

            Comment


              2mAn you're in the most recent Donut Media YouTube video at 5:58

              https://www.youtube.com/watch?v=gu_PlHfRW4I

              Fame is right around the corner! Haha
              My previous build (currently E30-less)
              http://www.r3vlimited.com/board/showthread.php?t=170390

              A 2016 Toyota Tacoma TRD 4x4 Offroad in Inferno is my newest obsession

              Comment


                lol I saw that if only it had a link to my OWN youtube page
                Simon
                Current Car:
                -2000 330i Estate, the dad-mobile
                -1975 Alfa Romeo Giulia Nuova Super 1300, the never-ending name & project



                Make R3V Great Again -2020

                Comment


                  Looking for cars is a pain in my ass. Everything is several hours + away and it’s hard to get people to send even reasonable pics. I was even looking at early E39s for a while there but decided against it because I don’t want to deal with the programming and stuff when I do a manual swap. Have not seen a single E34 wagon for sale in FL other than some RHD diesel unicorn and very few RWD Volvos that aren’t junk.
                  @turbovarg
                  '91 318is, M20B25, T3/T04E 60 trim (18psi), megasquirt, coilovers, Z3 rack, cold AC
                  [b u i l d]
                  [Car of the month: April 2018]

                  0c8b7c9527af628a346878feb14bf757

                  Comment


                    Originally posted by MR E30 325is View Post
                    2mAn you're in the most recent Donut Media YouTube video at 5:58

                    https://www.youtube.com/watch?v=gu_PlHfRW4I

                    Fame is right around the corner! Haha
                    https://youtu.be/gu_PlHfRW4I?t=357

                    Link to the time in the video
                    1990 325is
                    m52b28
                    3.73lsd
                    g260 (1987 325is 5spd tranny)

                    Comment


                      They use the same clip multiple times... the REAL star of that is our VERY OWN MAX ( WestCoastEta ) , whom if you didnt know does a lot of the work at Donut in the background
                      Simon
                      Current Car:
                      -2000 330i Estate, the dad-mobile
                      -1975 Alfa Romeo Giulia Nuova Super 1300, the never-ending name & project



                      Make R3V Great Again -2020

                      Comment


                        Originally posted by TeXJ View Post

                        https://youtu.be/gu_PlHfRW4I?t=357

                        Link to the time in the video
                        Thanks for being smarter than me.
                        My previous build (currently E30-less)
                        http://www.r3vlimited.com/board/showthread.php?t=170390

                        A 2016 Toyota Tacoma TRD 4x4 Offroad in Inferno is my newest obsession

                        Comment


                          Originally posted by 2mAn View Post
                          They use the same clip multiple times... the REAL star of that is our VERY OWN MAX ( WestCoastEta ) , whom if you didnt know does a lot of the work at Donut in the background
                          Heard him referenced before, didn't know that! Thanks for sharing.
                          My previous build (currently E30-less)
                          http://www.r3vlimited.com/board/showthread.php?t=170390

                          A 2016 Toyota Tacoma TRD 4x4 Offroad in Inferno is my newest obsession

                          Comment


                            Originally posted by MR E30 325is View Post

                            Thanks for being smarter than me.
                            naw bud, we all in this together!
                            1990 325is
                            m52b28
                            3.73lsd
                            g260 (1987 325is 5spd tranny)

                            Comment


                              Originally posted by MR E30 325is View Post

                              Heard him referenced before, didn't know that! Thanks for sharing.
                              Yup, that’s his sexy mad max eta that Rad auctions said he should sell at no-reserve... just wait... just wait...
                              Simon
                              Current Car:
                              -2000 330i Estate, the dad-mobile
                              -1975 Alfa Romeo Giulia Nuova Super 1300, the never-ending name & project



                              Make R3V Great Again -2020

                              Comment


                                Originally posted by varg View Post
                                Looking for cars is a pain in my ass. Everything is several hours + away and it’s hard to get people to send even reasonable pics. I was even looking at early E39s for a while there but decided against it because I don’t want to deal with the programming and stuff when I do a manual swap. Have not seen a single E34 wagon for sale in FL other than some RHD diesel unicorn and very few RWD Volvos that aren’t junk.
                                I think there is a conspiracy happening, there was someone snatching up all of the E34 wagons I feel like a year ago, now they are quite hard to come by. Anything priced reasonably is gone quick. Because I'm super indecisive and won't have the funds to pull the trigger for a bit longer, I am looking at stuff when I shouldn't be. Still, I see them, then they are gone. (incl surrounding areas).


                                In good news, spent the last few days painting my entire house inside, prepping for sale, hopefully get the rest of the fixes and other things done asap. Got a love/hate relationship with my airless sprayer, that's for sure. Painted the entire outside of the house 5ish years ago, got some touch up to do there too - I'm no pro, but I've gotten a handle on using it again. Trying to have as clean and as fresh of a canvas for people who see the house. House down the street ended up going for about 20k over what it was pending at. I want a piece of that action. I think new countertops would really pop and help, but we'll see if I have the money to do that after carpet is installed in a few spots - that's not something I really want to DIY honestly. I've been told I'll get 20+ offers without lifting a finger, but a tiny bit of sweat equity before sale I'm ok with doing to get more on the back end.
                                Last edited by DEV0 E30; 05-19-2021, 11:43 AM.

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