1-minute midnight listing at way-below market price marked pending check!
Crappy pictures with discouraging description check!
Agent not answering phone, nor accepting other offers check!
Listing agent also representing the buyer check!
The bank not giving a … about it check!
When will it stop?[/quote]
let’s re-examine this. What’s a one minute midnight listing? That fact that the thing goes live on MLS at 12:01AM data X/Y/Z? That’s when they go live. or are you saying, it was up for one minute?
Way below market price? Not really, it looks to be about 15-20% below already rehabbed sales that occurred. That’s not way below, that’s reality on being 30 years dated.
crappy pictures and discouraging description. IMHO, I can see plenty in the crappy pictures to guess this is a vintage 1978 home. Jewel in the rough, IMHO, is likely a compliment.
Agent not accepting other offers. Can’t help you there, when did you call and how much cash were you throwing? Frankly, a smart agent would know this home and seller really need a seasoned rehabber to sell.
bank not caring. Actually, not a bank sale would be my guess. There’s no way it would sell in 9 days if it was. likely was an equity seller.
When we bought a little over two years ago, I saw so many of these homes in my ‘hood where the buyers were just waiting on top dollar.
I’d walked through, talk with the wife. Purchase price $x.
Kitchen remodel: $35K
Master bathroom, remodel from 1960/70 to today. $15K.
Bathroom #2 remodel: $8K.
Bathroom #3 remodel: $3-8K
Flooring 2600 SF, take your pick: $12-$30K.
Paint (everything): $5K
Lightning rehab:$1-$5K
Windows/Patio Doors: $5-15K
Roof: $0-$30K (Don’t know if they’ve got a new roof or not, photos look retouched so no telling, this one looks like about $10K)
De-popcorn the ceiling: $5K
Closet organizers:$1-5K.
Removing 40 years of smoker/dog/old person smell… $0 just all the above.
Landscaping $0-$30K.
I’d pull up and just shudder when I saw the original shake roofs.
