While running a quick search for a friend, I ran across a few interesting listings...
There are a few deals out there that stop me in my tracks for a minute. Some catch my attention because they are priced well below the competition... and they don't need more work that the deal is worth. Others grab me because their condition is amazing, and they are still priced competitively. Finally, there a few that reach out because they are unusual... in a good way.
These were of the third type...
I saw the pictures... and they didn't fit the price. Not that they were priced a little lower than I might expect, but low enough that I wanted to check to see if these were all mistakes. There are around 4 of these that are literally priced hundreds of thousands below the other similar homes in the neighborhood. But here is the catch... they aren't finished. But, for the opportunity to buy a $400k+ home for $250k, one might have to put up a little sweat equity. The builder likely went belly up.
Obviously these aren't for everyone. But for the right buyer, these could be a steal of a deal.
Unless otherwise noted, all content of this blog is the property of Lane Bailey, ©2012 Lane Bailey.
I'd love to hear from you...
Lane, how unfinished are they? Would someone have to be a builder to finish them? Good catch.
We have had a few here and still had to do a short sale to get the deal together.
Lee & Pamela - The look fairly complete from the outside. I am going to make the trek next week to get a look at take some pics. There is only one exterior shot on the MLS...
Terry - These are foreclosed from a builder that has gone under.