The banks don't want to heat these large homes, they don't want the power on, instead they will just keep dropping the price until it sells. That's what the agent said. I showed a property, it was freezing out, my client couldn't stop shaking as we walked in the door. We proceeded to go downstairs after viewing the upstairs, no power, complete darkness, no flashlight in the house. Got to get one that I keep on my keychain so it is with me at all times!!! At least keep the power on, heat turned down, winterize the house...............Price of that house $799,900.
It wasn't long ago, I sold a foreclosure that had been winterized and when we did the home inspection , there were multiple leaks throughout the home. Needless to say, we did close but the seller took a lot less than if that didn't happen and still had to repair all leaks. Same price range.
I just wonder, is it less expensive to fix the leaks and lower the price than keep the house above the freezing point.