We are shopping for our next investment/fixer upper and think we have spotted one we like.
I am a little concerned because it is out in a rural area in Western MD. We would like it because it's only 1.5 miles from the C&O Canal, MD Rail to Trail and the Potomac River. But I want to make sure this would not be an issue when it's time to sell.
I looked at the sales in the zipcode. There were 9 listings (houses only, not land) in the past 6 months, with 4 of them going under contract.
This is good right?
The prices are all over the place. Lowest was $35K (looked like a tear down to me) and the highest listing still active is $799K . If I look at sales for houses in our projected price range ($100 - $105K) there was nothing listed in 2013. There were 3 that sold in 2012 that are just a little higher thab our projected price range.
Is not having any similar houses on the market good or bad?? It would be good for no competition, but does it mean there are not buyers in that price range?