1. 

   ballardboop
   

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   All,

   We've received a note from several real estate agents today basically saying that because of our location in a multi-family zone, several investors are interested in our property, if we're willing to sell.

   Does anyone have any experience with this? We have the smallest and least expensive house on a large lot on a block that is a mix of duplexes, houses, townhomes and apartments. I imagine that is why we've been targeted. We don't want to cut and run, but on the other hand, we don't want our neighbors to sell and be stuck living through construction. Any advice, or resources for those in our situation?

   Posted 6 months ago #
2. 

   bambooboy
   

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   find out what they will pay. I have seen a couple really small housed sandwiched between apartment houses that are worth a million dollar. These are probably 700 sq ft houses, really tiny A normal 5000 ft(or 5500ft) lot in Ballard can accommodate a 6 unit apartment in most cases.
   If they are going to pay you enough to retire one, well I sure would do it.

   Posted 6 months ago #
3. 

   Ernie
   

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   I second bambooboy's comment, it all comes down to what they are willing to pay, and it probably won't be as much as you would want to get you to leave, assuming that you like your spot.

   The developer's strategy depends on getting the lot as cheap as possible so typically they aren't offering market rates to owners who have well cared for homes. Their prime target is someone with a junky rental or who just inherited grandma's house with decades of deferred maintenance. We get calls and offers in the mail fairly often (dropped off quite a bit during the downturn) but I just ignore them because we love our location and our house is in good condition.

   Posted 6 months ago #
4. 

   Mondoman
   

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   If you're serious, it's worth hiring a lawyer with real estate experience. Preventing rookie mistakes and getting you a higher price will likely more than pay for his/her fee.

   Posted 6 months ago #

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