Thursday, July 28, 2016
The ‘Different Sale’
Realtor, Kathi got this e-mail about a house we like:
I just talked to investor and she sent me an email. Here is what she said:
Yes, buyer pays all closing costs, MLS price $59k. …. No worries about taxes, any unpaid taxes are paid by "seller" at closing. No survey, no inspection, any liens or costs attached to the title are handled by seller at closing. Closing is on Friday, July 28th. We are an Investment Company on Contract with the owner. After the showing, if you want to move forward, we sign on ""our"" contract, a $2,500 escrow wire deposit to our title company, I will get you a HUD to reflect all closing costs
I had to ask specific questions because I have dealt with type of transaction before.
Let me see if I can nail down a time……….
*********** ********** **********
Keep in mind the 28th closing date would be 2 days after we look at the house. No survey, no inspections.
We have NEVER dealt with this type of sale… BUT… We were leaning to sign, UNTIL WE LOOKED AT THE HOUSE AND LEARNED THAT THE OWNER WOULD GET A PERIOD OF TIME TO SELL HER HOUSEHOLD GOODS AND LOOK FOR A PLACE TO MOVE TO.
Okay to the house. Remember my new friend Ray, This is my new friend Irene. Not as talkative at Ray and not quite as much ‘stuff’ (but close). She also has a ‘Giant Pit Bull’. Imma thinking Irene isn’t getting ready to move. If we own it, she could stay there until evicted at ‘our’ cost.
House is okay and RV fits. House needs some work, it is a 3BR 1 bath (but I see where I can put a 2nd bath). Do we want it, Yes!
Kathi is good. The investor was wide open, on reasons to close immediately, but our lady stayed right with her……………. ½ hour later: Kathi finally cuts in: “I recommend the Darnell’s only purchase an empty house, the results are just too dicey.” Kathi prevailed, and we signed a contract for $55K and we pay closing. Irene and pit to vacate before next Friday and close then.
Not a super price, because it will take some work and the average house in this neighborhood is $70K, but it is in the money and house range we were shooting for.
PS: In my opinion, our new friend Irene is not about to move. She has signs outside to sell everything, but no effort to do so. SO I have this brilliant idea. We will ask what she expects to get out of the sell of her ‘stuff’ if it is reasonable, we will buy it and discard it. The house is full, she will never move in 7 days with nowhere to go.
This house hunting is interesting.
Note: There must be a lot of hoarders in this USA! (At least we could walk into the bedrooms…)