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Posted by aemeijers on October 12, 2009, 2:56 pm
Mr. Nonsense wrote:
show/hide quoted text
>
>> Yes. No one will buy it. People want to be able to test it out. That
>
> Ok, end of story, I have dropped my idea to turn the water off. Though
> the bill does run around $15-20/month even if no water is used.
Lousy time to be selling property, even though interest rates are down.
Just so many houses out there it is a buyers market. Do you need to
sell, or are you just tired of the landlord game? It may be worthwhile
to just rent it out again, even at a lower price, to keep somebody in
the place. There are houses around here that have been on market for
close to a year, not slums or McMansions, just vanilla middle-class
houses. (Yes, I realize that varies by area, but I haven't seen any
reports lately of areas where the market is booming. Some places are
just hurting less than others.)
aem sends...
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Posted by trader4 on October 12, 2009, 3:26 pm
show/hide quoted text
> Mr. Nonsense wrote:
> >> Yes. =A0No one will buy it. =A0People want to be able to test it out. =
=A0That
show/hide quoted text
> > Ok, end of story, I have dropped my idea to turn the water off. Though
> > the bill does run around $15-20/month even if no water is used.
> Lousy time to be selling property, even though interest rates are down.
> Just so many houses out there it is a buyers market. Do you need to
> sell, or are you just tired of the landlord game? It may be worthwhile
> to just rent it out again, even at a lower price, to keep somebody in
> the place. There are houses around here that have been on market for
> close to a year, not slums or McMansions, just vanilla middle-class
> houses. (Yes, I realize that varies by area, but I haven't seen any
> reports lately of areas where the market is booming. Some places are
> just hurting less than others.)
> --
> aem sends...
I assume the reason you are considering turning off the water is not
the water bill, but rather the heating bill and you want to winterize
the house. In any case, I would not advise turning off the heat and
water in a property you are trying to sell. When buyers come to look
at it, I think it will present better if there is at least some heat
on, say 55F which shouldn't cost too much to maintain.
Don't know where you are located, but if you shut off the heat and let
it go down too far, like to freezing, you run the risk of the building
contracting enough that drywall cracks open up, etc. If you are
worried about a water pipe breaking, you could just turn off the main
water valve. If someone wants to turn it back on, they can easily do
so.
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Posted by cshenk on October 12, 2009, 3:37 pm
"aemeijers" wrote
show/hide quoted text
> Mr. Nonsense wrote:
>> "cshenk" wrote:
>>> Yes. No one will buy it. People want to be able to test it out. That
>> Ok, end of story, I have dropped my idea to turn the water off. Though
>> the bill does run around $15-20/month even if no water is used.
> Lousy time to be selling property, even though interest rates are down.
> Just so many houses out there it is a buyers market. Do you need to sell,
> or are you just tired of the landlord game? It may be worthwhile to just
> rent it out again, even at a lower price, to keep somebody in
Yup, it's a good time to rent.
show/hide quoted text
> the place. There are houses around here that have been on market for close
> to a year, not slums or McMansions, just vanilla middle-class houses.
> (Yes, I realize that varies by area, but I haven't seen any reports lately
> of areas where the market is booming. Some places are just hurting less
> than others.)
I'm one of the few area still fairly stable. Big military influx and the
house market had little of the 'boom' increase in value, keeping mostly
fairly even with inflation overall. Hence a 3 BR 1 bath in a city lot in a
decent neighborhood is about 150,000$, more if you have extra stuff.
More folks though are *choosing* to rent the houses because buyers
(understandably) want to offer way less than the listed price. They keep
hearing about folks in California and such giving .5mil houses up for
250,000 and think it's the same. Rents are going up and my next door place
is rented to 1400$ (shoebox 3 BR 1 bath, 980sq ft?). Thats well over the
price of buying that same house here per month including taxes and
insurance.
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Posted by Jules on October 12, 2009, 5:47 pm
On Mon, 12 Oct 2009 12:09:28 -0400, cshenk wrote:
show/hide quoted text
> "Mr. Nonsense" wrote
>
>> My tenants left and my rental property is now for sale. To keep costs
>> down I want to turn off the water for the winter. Any downsides to
>> this?
>
> Yes. No one will buy it. People want to be able to test it out. That
> includes flushing a toilet to see if it leaks, checking to see how long it
> takes for the hot water to come out hot, run water in sink an check for
> leaks. Basics like that. A *renter* may select a place without those
> tests, but a buyer will likely just walk out (or if warned that the water is
> off, just never opt to view it).
When we bought we just had the home inspector do that kind of thing,
water purity tests, flow rates etc.
I think it was about $100 for the inspector (and he was there for a
couple of hours; we were present for about half of it) which is virtually
nothing against the price of a house...
Personally I'd just shut it off and drain the system down. I'd expect
whoever shows folk around could handle turning the water back on
temporarily so people could at least see that the system works, even if
they have to take your word that the heater's OK.
cheers
Jules
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Posted by trader4 on October 12, 2009, 7:37 pm
wrote:
show/hide quoted text
> On Mon, 12 Oct 2009 12:09:28 -0400, cshenk wrote:
> > "Mr. Nonsense" wrote
> >> My tenants left and my rental property is now for sale. To keep costs
> >> down I want to turn off the water for the winter. Any downsides to
> >> this?
> > Yes. =A0No one will buy it. =A0People want to be able to test it out. =
=A0That
show/hide quoted text
> > includes flushing a toilet to see if it leaks, checking to see how long=
it
show/hide quoted text
> > takes for the hot water to come out hot, run water in sink an check for
> > leaks. =A0Basics like that. =A0A *renter* may select a place without th=
ose
show/hide quoted text
> > tests, but a buyer will likely just walk out (or if warned that the wat=
er is
show/hide quoted text
> > off, just never opt to view it).
> When we bought we just had the home inspector do that kind of thing,
> water purity tests, flow rates etc.
> I think it was about $100 for the inspector (and he was there for a
> couple of hours; we were present for about half of it) which is virtually
> nothing against the price of a house...
> Personally I'd just shut it off and drain the system down. I'd expect
> whoever shows folk around could handle turning the water back on
> temporarily so people could at least see that the system works, even if
> they have to take your word that the heater's OK.
> cheers
> Jules
And who's gonna drain it and re-winterize after each time whoever
shows the folks around?
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>> Yes. No one will buy it. People want to be able to test it out. That
>
> Ok, end of story, I have dropped my idea to turn the water off. Though
> the bill does run around $15-20/month even if no water is used.