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113 Comments on An Historic Mess!
I saw a couple of these yesterday on my tour of Old Town, not quite as bad though.
ALL - It would have been hysterical if not so tragic for the former owner. It is listed as "historical" because it is over 100 years old. It is in Falls Church and they designate them that way. And it would take more money than it is worth probably just to fix it up!
In Virginia we are in no such mess as California! And please don't make us bail you out! We have enough problems here!
Jay - I am saddened to think of some little old lady living in such an unsafe structure. She was probably moved out against her will also. Sometimes it is hard to leave. I have to agree with other comments though - Did the buyer really need to get a home inspection?? I recently viewed an REO that is about 40 yrs old but unfortunately had had NO maintenance since the day it was built. I was afraid of falling through the porch while I was unlocking the door. The agent neglected to mention just how unsafe the structure is in the MLS. It always saddens me to see any home in such a state.
Kathie - I agree and feel badly when houses get to that condition, and especially for her as well. This buyer had no understanding of structure, moisture, mold, termite infestation or whether the systems would work or not. That was what he was hoping to do to fix up and rent the place. He could see beyond the mess, which is a vision many buyers to not have.
I do think agents should mention unsafe conditions - structure, mold, etc. - if they know, that is...
Some of the bank-owned properties I've shown looked better than this. I hope you had good shoes on.
Jay, oh my goodness!
Reminds me of an ad I saw many years ago that an agent long time in the business worte. His classified ad said, "Not for the faint of heart!" I still laugh all these years later when I see a house that fits that description - sounds like this guy had one on his hands.
But sad to think that the owner had been living there like that . . .
Jay, I just had to go for comment #100:) At any rate this house is exactly my point that eventually all houses return to "0" value.
B&B - I do lots of banked owned inspections, every week, and none to date have been this bad. And there have been some BAD ones!
Angela - it was sad. I still feel badly for the seller - not just that the house was in this shape but that she had so much of her life in that house and its current condition certainly cannot represent her experience there.
Charlie - We're #100! We're #100! I don't think I have ever had 100 comments before.
Henry Hazlett, the economist, says that nothing is wasted because everything gets to zero value and someone at that point will want it. There may be some salvageable stuff inside this house which has value to somebody. But for the most part I think the house is ready to be razed. The property, though, will never have zero value. Unless a meteor hits it or something...
My partner & I toured all the "train wrecks" in our area when I first started selling real estate & we would always ask two questions. First, 'how did the family let grandma live in all this squallor?' and second, 'why does the family think they deserve top dollar for this property which they were unwilling to maintain during the residence of the current owner?' Owning a home is like being on a convenient payment plan: you can pay for upkeep while you live there or pay in loss of property value; whatever is convenient for you.
I agree Ruth. I tell people at home inspections that in the long run home maintenance costs about 1% of the value of the home per year. Often they don't believe me. I have heard that real estate investors will calculate what they consider to be deferred maintenance based on that 1% formula.
Wow Jay. They really made you earn your keep that day. Too much work.
I love historic homes and so sorry that this home had fallen into such disrepair. Glad you made it out safe and sound. One for the books.
It looks like it would certainly be a challenge!
Mark - that I did! That I did!
Sara - I do too and love inspecting them. This one was certainly one for the books, hence the blog!
Eunice - a challenge to say the least!
Oh my! I've had a couple of interesting experiences like that myself. My area is full of 100+ year old farmhouses and huge buildings in small towns. Every once in a while, you'll get the Seller calling trying to get that dumb rich doctor from the big city who wants a "little" project. I can't walk away fast enough!
Reminds me of a home I almost bought, my inspector talked me out of it.
Erlandson - that is a big Oh My!
Roy and Gail - I didn't talk this guy out of it. My job is to just gave him the facts! Which I did!!
If this was built in 1902, why is it classified as a historic house? There would be more historic houses than new houses if that were the case. I say tear it down and start from scratch.
Lois - in that jurisdiction, anything over 100 years old is considered "historic." That's probably so they can get extra tax money out of you and impose many more expensive mandates!
I love old houses, and we have plenty of older ones here in my area. Not too many that are over 100 years,but close to it. It's sad to see them so run down and in need of that much work. There's so much stuff in that house, I am wondering why her relatives didn't do something about that before listing it.
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