[quote=CA renter]Gotta agree with you, BG. As a matter of fact, the tile in this house looks to be in better shape than what one sees in much newer houses. This house has “charm.” 😉
Just think, you might be able to pick up this baby for near its 1995 price (note days on market).
You’re right about looking on this thread for good rentals. :)[/quote]
Yeah, CAR, I will make an educated guess that the long market time is primarily due to an uncooperative, lazy tenant, who wasn’t given any incentive by the seller to get rid of their junk and maintain the place properly during market time. Or perhaps the tenant was unmotivated to accept the seller’s incentive and the seller needed the ongoing rent too badly to evict them before marketing it (since it is now an “approved” short sale. They could have had lower offers which their lender refused.
The price has never been a big issue, IMO. It’s always been “in the ballpark” and still is at the (presumably) “lender approved” price of $230K.
This is exactly the type of investment property I or my very handy colleagues would purchase for immediate placement into a long-term lease :=]
