Some Foreclosures Are More Than A Bargain
If you aren’t careful you will get more than you bargain for.
I had an inquiry today about a property that is currently on the market for an amazingly low price. This house was puchased new only a few years ago for almost $230,000 and is now on the market for much less.
I happen to know a little about this property because I wrote about it on this website more than one year ago. It was a sad story, you can read it here.
When I heard about the set-back violation I knew that the owner was going to have to walk away from the home. There was no way we were going to be able to sell it for anything close to her purchase price. It wasn’t worth the money. It was quite a hard lesson for a young widow.
It is now priced so low that it might be possible to buy the house and budget enough money to have it moved back without over spending for the home. It will probably sell to someone willing to do just that…then again, maybe the owners will have to drop the price more.
I’m sorry, I can’t identify the property on this public website, but be careful out there, you might get more than you bargain for.