What can you get for $89,000 … we saw the craziest house today
So we saw the craziest house this week. The common thought today is that we wait and prices will go down, interest rates will get even lower and you will get this great house at a steal of a price. So a steal house for $89,000 in a neighborhood selling around $130,000 will include your own green house, extra access to the outside, and about 10 pounds of collected dust from over the years, oh and don’t forget the cat door.
Walking up to this home with my buyers, we only opened the front door to satisfy our sick desire to see how bad it could be inside compared to the outside. Well it started off not too shabby, once we got over the carpet that was beyond its last leg, then we looked up and saw that the ceiling fan had been gathering dust for who knows how long and had we turned it on it would have powdered the entire room. The layout wasn’t bad, but when you have leaves growing in between window glass, a hole in the wall that is letting in sunlight, and bathrooms that need a complete overhaul (not to mention what might be hiding behind those bathroom walls), it can be hard to look for those “good bones” us Realtors use to validate an investment of a really awful house. While the house might just need a good scrubbing and some paint and new flooring, with such an intense need to clean my thought always is if this is how the house was lived in, how high is the chance that any maintenance has been done to the foundation, electrical, HVAC, etc?
Now this is an extreme example and, to be fair, the house was in a foreclosure situation, which general comes with an “As-is” clause to any offer. The house made my client’s short list of homes to see because of the price, but they quickly realized that a house priced at a steal of a deal, comes with many other concerns. Something for all home buyers to consider as we move into another season of real estate for the Austin area.
If you see a house that appears to be a steal, call us … we’re as curious as you are. We’ll be happy to assess the damage and the potential return.
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