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!
Comments (3)Subscribe to CommentsComment