A past client called me and wanted to put in an offer on a house across the street from him. The past client had seen the house a year or so ago but not recently. He instructed me to write up an offer. When I went to go get signatures I stopped to see the property myself. This is when the problems started.

When a house isn't a house at all:

1) The house is a purged manufactured house on a permanent foundation. But no HUD tags are visible, accessible or on record and the current owner purchased the house with out knowledge of the tags. Remember this for the future - once a mfg home always a mfg home tags or no tags, purged or not purged.

3) The property inspection proved almost nothing in the other wise nice looking house worked. The furnace, garbage disposal, master bath toilet, various out lets, water pump etc... do not work.

4) In this particular area there is no water, all the houses have cisterns and water must be hauled into the property.

5) The asking price was $135,00 the buyers offer was substantially less and was accepted. However, without HUD tags and a working furnace the house will not appraise. Other properties in the area are valued at even less than the buyers offer.

6) The seller failed to make known that she is in fact an inactive Colorado broker.

To summarize: this overpriced mfg house with no HUD tags, water or working fixtures owned by an inactive agent is back on the market!

 

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Post is included in group: You've GOT to be kidding
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Post is included in group: Colorful Colorado
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3 Comments on When a house isn't a house at all

AUG
24
165,139 Points 10 Featured Posts Localism Sponsor

YIKES!  Dena, I see that this would be a real nightmare for financing!  I would say, you're kidding me, but I know that you're not.

9:19pm • #1
247,530 Points 11 Featured Posts Outside Blog

Nope, not kidding. The sad part is my buyers were going to paying cash, no appraisal and didn't want an inspection until I pushed the idea. So why wouldn't a reasonable seller fix the problems or lower the price? The seller thinks he's got gold and nothing could be further from the truth.

9:45pm • #2
AUG
27
143,930 Points 7 Featured Posts Outside Blog

Dena,

Thanks for the post. I can see why the agent is inactive. If this is any indication of how she conducted business, it is probably best that she remain inactive.

7:50pm • #3

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Dena Stevens ~ Ecobroker ~So. Colorado Realtor

Pueblo, CO

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Colorado Western Real Estate

Address: 601 36th Lane, Pueblo, CO , 81006

Cell Phone: (719) 369-9087

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Real Estate with a focus is on energy efficiency, sustainablity, and the environment.


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