Someone please post welland

[Pfm1011]

Someone please post welland.. wife will kill me if the house went mega cheap

[speedfreeksteve]

Wife would kill me if I bought anything anywhere near Welland!

Quite a few houses in the 70-90k range and most of them don't even look like they're worth that much based on their condition.

Always interesting to see the results though.. someone please post!

[Andrew]

The one Welland property went for an outrageous price of $111,111 which is very high, considering the amount of water damage (about an inch of water throughout) and mold, a complete gut, and the other property went for about $30,000 hope this helps, there were about 27-30 bidding on the first property quite a big turn out. The water damage, I didn't see first hand, it was the talk in the room.

Cheers Andrew

[petro]

As someone who grew up in Welland, I must agree, that is absolutely outrageous for that property.  I guess someone must have gotten caught up in all the excitement.

[Pfm1011]

"The one Welland property went for an outrageous price of $111,111 which is very high"\


That is insane, the NICE houses on that street were trading at 170 to 180 I believe, MLS listing around corner is only 179 ASK

Wife wanted to bid but only if we could come in under 60, I laughed and said someone will pay 110 or 120  and blow their brains out so don't even bother...at least people are predictable

Other one at 30 seems like a good deal ..so a "well bought" goes to that bidder

 guess someone must have gotten caught up in all the excitement.

I don't understand how this happens, we have weeks to do research, this isn't like an auction where you can get caught up in the frenzy and the ego kicks in

[Alz2015]

yeah, Welland was interesting(17 caithness st).  i placed my bid just under 60k and still thought that i had "overpaid" becouse the amount of work to be done there is just hard to imagine. i personaly took a look inside - the mold was acctually more like fully grown mushrooms already, garage is full of crap + crack just below the roof(roof itself needs total replacement as well), and much more. I suppose it was unoccupied since 2003 after the owner died, or even earlier. I am very surprized about the selling price.
off topic a little bit: when i got to the welland property the grass around showed that there were a lot of people looking at it before. Today i went to another property - same story, looks like dozens of people were there just before me. So tell me who went there from this site? You know which property I am talking about )))

[Pfm1011]

What I don't understand about caithness..The houses on that street are very nice and extremely well kept

Now this  sh*thole sits empty and the neighbours are too lazy to cut the grass out front.  It would take a whole ten minutes , once a month and you would not have to stare at a sh*thole

Alz2015   as per the 60 bid , I figure you were right on the money with a bid like that but would still only make money if you did the demo labour

[Alz2015]

demolition - no, my plan was to fix it up, total renovation: new floors,,roof, drywall, kitchen, paint, fresh electricity cables .. you name it. I have my family to work with and lots of spare time. so for that renovation - almost no contractors which cuts down the cost to almost half.

[Pfm1011]

Sorry..By demo I meant ripping out everything Not knocking it down..., As a knockdown it was worthless as it will cost more to build a house then you can sell it for completed

If you can demo, dry and then mold spray the house yourself you will save a ton. put the drywall up yourself then hire  pro tapers and painters to finish it up.. 

[Alz2015]

yeah, I can do everything with my family, not the roof though... that is why i love the idea to buy the house cheap and then fix it and sell