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SOLD - Fixer Property In Denver

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

The original contract was for a 7-day cash closing and the Buyer had plans of allowing the tenant to stay until the end of the year, which at that time he would start working on the remodel.   At inspection there had to be 8 people in the house, and it was obvious not just one person lived there.    There was a HUGE cavern (5') where there was a break in the sewer line, so perfect time to renegotiate.    The Buyer got half of the repair off the sales price, and the Buyer asked to close once the tenants had vacated.   Their lease ended 8/15, but they needed a bit more time to move out.

GOOD thing he asked for this, the Seller had three truckloads of their discarded belongings and still a couch and a mattress thrown into the alley that needs to be picked up.    Think he dodged a huge bullet there!

This property is now closed, and he has grandiose plans for the remodel and cannot wait to see what he does with this property.   Congrats to my Buyer on his new property!

I am thinking this could be the original stove!   Pretty sure it is not self-clean.    Still cannot see how people can live this dirty!

It has been over a year since I got a referral from a past client that moved to Phoenix and now is a REALTOR!    Her best friend from Houston was planning to buy a place, but due to the frenzied market, did not.    Her business partner stayed here in Denver and rented, and now is ready to find a property.

I have shown a few homes over the last couple of months, but last week we found the right one!    It was built in 1939, is in need of LOTS of remodeling, and is perfect for this buyer desiring a "project".   He was shocked to hear he did not have to compete, which shows our market is really flattening.

 

It is especially fun to work with this buyer, as he is a first-time buyer from Australia.   If you think there are differences between states, there are HUGE differences between countries.

He asked me if I have assisted foreigners with sales, and this will be my fourth one.   

It will be such a joy next week to pass over the keys to his Denver home!

Posted by

Joan Cox
Broker/Owner, REALTOR®
House to Home, Inc.

Serving the Denver Metro area including all suburbs


Helping Buyers and Sellers achieve their real estate dreams, one house at a time!

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Comments (30)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Joan - "A-Thrill-Every-Minute" - right?   Congratulations on another Denver real estate closing.   

Aug 25, 2022 07:54 AM
Roy Kelley
Retired - Gaithersburg, MD

Congratulations,  Joan, on another successful transaction.

Have a great day.

Aug 25, 2022 09:58 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Fortunate for the buyer that it was all discovered before closing and the seller footed the big bill and the cost of removing his tenant's trash.

Aug 25, 2022 10:26 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Joan,

Congratulations on the sale of this fixer!  I am sure your buyer is ready to start this project.  I am sure it will be a challenge coming from Australia to Colorado.

Aug 25, 2022 10:47 AM
Tanya Van Blake-Coleman
Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com - St Thomas, VI
Improving the Quality of Your Life

Congrats on the sale! Hope it all works out for the new owner.

Aug 25, 2022 11:12 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, this buyer will have lots of thrills ripping out everything!

Aug 25, 2022 02:44 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thx Roy, it was a good transaction.

Aug 25, 2022 02:45 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, that was precisely why he changed his mind and wanted to close AFTER the tenants moved out.   

Aug 25, 2022 02:45 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri, he did ask a lot of questions on what he should do, and has read a lot on the City's requirements too.

Aug 25, 2022 02:46 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thx Tanya, he is pretty stoked.

Aug 25, 2022 02:46 PM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Congratulations to both you and your customer! I wish you continued success.

Aug 25, 2022 02:47 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Everyone who watches HGTV knows how hard it is to find fixer-upper‘s in today’s market place or should I say in my marketplace Joan 

Aug 25, 2022 10:43 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Congratulations on your recent sale.  Nice house and nice job with your presentation.

Aug 26, 2022 01:49 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Pat, the buyer was very happy.

Aug 26, 2022 08:49 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Paul S. Henderson, REALTOR®, CRS you can find fixers all over the city, but they are usually overpriced for the work needed.

Aug 26, 2022 08:50 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

THX Richard, it was a good day.

Aug 26, 2022 08:50 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

How much did the seller get it for?  I sold one similar with the tenants inside. They  changed the lock.

Aug 29, 2022 07:34 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sam Shueh it sold for $402,500 with about 949 above ground, and same in basement, unfinished.    It was built in '39, and pretty sure nothing had been done since.

Aug 29, 2022 07:45 AM
Mike McCann Nebraska Land Broker
Mike McCann - Broker, Mach1 Realty Farm & Commercial Land Broker-Auctioneer Serving Nebraska - Kearney, NE
Farm & Commercial Property For Sale 308-627-3700

I wish the buyer great luck in not finding major structural defects.  It amazes me that a home like the on ein the photo can command a price of $400k.  

In regards to tenants...yes...he dodged a huge headache by closing after the tenants were out and the junk removed.  

Aug 30, 2022 06:09 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Mike, he sure dodged a bullet getting the tenants out, and the listing agent was the Seller, and ensured all the extra stuff left was removed.

Aug 30, 2022 06:12 AM