It seemed like a good idea at the Time.

By
Real Estate Broker/Owner with Uber Realty

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It seemed like a good idea at the Time.

This house is over by my Mothers house and she had to see it so one day my wife, mom and dad went to check it out. The guy who built this house was building his dream house. He put everything he could dream of in this house but went broke along the way. The reason this house will not sell is that he built it on a swamp. It is listing like a boat. I took out my Ipod Touch with the level app. It is off by 7% that might not sound like much but when it is a house it's like walking up hill, down hill or on the side of a hill the whole time. It cost over a million to build this thing and now it is in the MLS for less than 500k. Attached is a estimate to right the house 375k. I always say there is a buyer for every house. This could be the exception to prove the rule.  I have a link to some pictures check it out. If you want to see it let me know I would like to look at it again.


http://uberrealty.com/SearchResultsGM.aspx?freetext=24+meigs&brokerFeed=FLIDX

Posted by

Read a great discription By Dan Green of Waterstone Mortgage

 

http://themortgagereports.com/11157/harp-changes-no-income-needed-with-money-in-the-bank

 

Link to my post about it for brief run down. 

 

 

Comments (3)

Irene Tron
Valparaiso, IN

What a shame that he was not able to enjoy his dreamhome.  Sounds like he should have used some advice before building.

Feb 18, 2010 02:25 PM
Kerry Knudson
Cherry Creek Properties, LLC - Colorado - Castle Rock, CO
Broker, Realtor, SFR

Wow, that is an incredible shame.  How on earth did he get a building permit there?

Feb 18, 2010 02:45 PM
Jim Whatley
Uber Realty - Fort Walton Beach, FL

Well if you don't use common sense, your dream home can turn into a nightmare. Someone will make money off of it who I do not know.  I would love to have the range and fridge. May be if enough people want to see it I will go and shoot a video and post it.

 

Feb 18, 2010 02:52 PM