10-08-2011, 05:14 AM
Microman wrote:
This is a Southern California home. Tract Home.
Zillow had it at 447K years ago, now it says 340K
Who cares what zillow says. If you can rent that home for $3k/mo, then $340k is close to a fair value. If you can only get $2k/mo rent, than I wouldn't touch it for anything more than $250k.
I hope you don't plan on selling your house soon. If you buy this one cheap, it'll be a "bad" comp for you.
What part of Southern California?