Questionable real estate listing

Heffalump · May 2017

This popped up in my FB feed and what the what? Make sure you read the description, including the "read more" link.

http://www.remax.com/realestatehomesforsale/709-michaelmas-avenue-cayce-sc-29033-id288625625.html

"Upstairs apartment cannot be shown under any circumstances." That sounds totally normal, especially paired with that photo of the big hole in the ceiling.

bleve0821 · May 2017

OMG I am dying of laughter. "Buyer assumes responsibility for the month-to-month tenancy in the upstairs apartment. Occupant has never paid, and no security deposit is being held, but there is a lease in place."

This should only be acceptable if the occupant is a poltergeist.

charlotte989875 · May 2017

"Nothing to see here. This is perfectly normal. "

missJeanLouise · May 2017

"No it doesn't make sense, don't bother asking" !!!!!!!!!!

what?!!! Also the door to that upstairs apartment looks like a murder happened behind it!

mrsconn23 · May 2017

(Yes, it does not make sense, please don't bother asking.)

Seriously, at what point do you tell these people, "You're crazy. I cannot even begin to try and sell this house." As an RE agent, you don't *have* to take a listing. With that much seller fuckery, I cannot see how the amount of time you'd put into trying to 'sell' this house being worth the commission.

I'd love to know how many showings...or even inquiries they've gotten for this house.

short+sassy · May 2017

Heffalump said:

This popped up in my FB feed and what the what? Make sure you read the description, including the "read more" link.

http://www.remax.com/realestatehomesforsale/709-michaelmas-avenue-cayce-sc-29033-id288625625.html

"Upstairs apartment cannot be shown under any circumstances." That sounds totally normal, especially paired with that photo of the big hole in the ceiling.

Actually, that type of wording isn't unusual at all when you are talking about a house for sale that obviously has a tenant problem.

I'll translate . The upstairs apartment can't be shown because there are tenants living there. Who it sounds like are deadbeat PITAs. They either won't allow showings or purposely make themselves difficult to get in touch with to "okay" a showing with them. Some kind of problem like that.

There is a particular real estate auction site that has almost exclusively foreclosures on it where people are living on the property. Bidders have to buy the house without the ability to see the inside at all because showings aren't allowed.

Needless to say, these types of situations are pretty much always going to be investors buying the houses. At a very steep discount because they are assuming the worst and setting their price points as such.

Assuming the $110K asking price is a killer deal for the area and SC isn't too draconian on their landlord/tenant laws, I could see this being a FANTASTIC deal for the right buyer. If I were buying it, I'd assume the cost of a brand new roof, the time/expense to evict the upstairs tenant, and another $20K-$30K to fix the upstairs unit. Which is probably trashed and/or have portions destroyed by roof leaks.

But, yeeessss, your typical homebuyer would not want to touch this with a 10-foot pole.

southernbelle0915 · May 2017

So the upstairs is either occupied by:

- a ghost
- a celebrity's love nest
- a serial killer

"Yes, it does not make sense, please don't bother asking." Mmmmkay. I'm just buying the house as is, so sure. I won't bother asking

short+sassy · May 2017

I've also seen listings with warnings like, "Enter at your own peril." That always makes me giggle. This will be for houses that need substantial work and/or need to be gutted. Often there is a specific structural issue or porch/stair problem that could potentially be a danger to someone going into the house. Usually there is additional verbage in the description outlining whatever nightmare condition the house is in.

short+sassy · May 2017

mrsconn23 said:

(Yes, it does not make sense, please don't bother asking.)

Seriously, at what point do you tell these people, "You're crazy. I cannot even begin to try and sell this house." As an RE agent, you don't *have* to take a listing. With that much seller fuckery, I cannot see how the amount of time you'd put into trying to 'sell' this house being worth the commission.

I'd love to know how many showings...or even inquiries they've gotten for this house.

You all might be very surprised. If that pricing is right, investors will scoop it up.

That's what we do. We buy other people's problems and (hopefully) turn them into big profits.

And there are a lot of those folks around who are specifically looking for problem house situations. Because that's usually where the best profit potential is.

MissKittyDanger · May 2017

"Some electrical updated in '07" okay well ... what about the rest

No no ... this is all normal. *side eye* I want to go just to see at this point.

Me: can I see upstairs?
Realtor: no.
Me: what's wrong with it?
Realtor: nothing! it's fine. trust my opinion.
Me: Oh okay.

bleve0821 · May 2017

I once saw a listing for a gorgeous old Victorian home--my dream home, actually. Except, the pictures of the home were all from 1950. And the listing said, "Please use caution when entering and take a flashlight. The pictures were provided by the family when the home was occupied." Meaning, the home was in such bad shape that the owners couldn't use any filter or wide-angle lens to make it look remotely respectable.

MissKittyDanger · May 2017

southernbelle0915 said:

So the upstairs is either occupied by:

- a ghost
- a celebrity's love nest
- a serial killer

"Yes, it does not make sense, please don't bother asking." Mmmmkay. I'm just buying the house as is, so sure. I won't bother asking

There is really the weirdest mix but at this rate, most likely.

kvruns · May 2017

I saw this on my FB feed too and I laughed. I figured either there is an annoying tennant in the attic or someone is trying to drum up interest in the house by making it sound haunted or mysterious so bring in more potential buyers.

CharmedPam · May 2017

atomicblonde said:

I once saw a listing for a gorgeous old Victorian home--my dream home, actually. Except, the pictures of the home were all from 1950. And the listing said, "Please use caution when entering and take a flashlight. The pictures were provided by the family when the home was occupied." Meaning, the home was in such bad shape that the owners couldn't use any filter or wide-angle lens to make it look remotely respectable.

"also sign this waiver before entering"..... yeahno.

cupcait927 · May 2017

http://www.wmbfnews.com/story/35399229/retired-artist-had-no-idea-he-was-mysterious-tenant-in-viral-sc-property-listing?clienttype=generic&utm_content=buffer7d165&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

southernbelle0915 · May 2017

cupcait927 said:

http://www.wmbfnews.com/story/35399229/retired-artist-had-no-idea-he-was-mysterious-tenant-in-viral-sc-property-listing?clienttype=generic&utm_content=buffer7d165&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

I am actually disappointed by this. I was hoping for something much more dramatic.

bleve0821 · May 2017

southernbelle0915 said:

cupcait927 said:

http://www.wmbfnews.com/story/35399229/retired-artist-had-no-idea-he-was-mysterious-tenant-in-viral-sc-property-listing?clienttype=generic&utm_content=buffer7d165&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

I am actually disappointed by this. I was hoping for something much more dramatic.

I still think it's Peeves.

short+sassy · May 2017

cupcait927 said:

http://www.wmbfnews.com/story/35399229/retired-artist-had-no-idea-he-was-mysterious-tenant-in-viral-sc-property-listing?clienttype=generic&utm_content=buffer7d165&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

Wow! It's just so weird to me sometimes the things that "go viral" and catch people's attention.

Granted, I look at a lot more real estate listings than the average person. But that one, while out of the norm, isn't really that unusual either. The only thing I found noteworthy was the slightly unprofessional, but funny, "Don't ask" statement the realtor used. Which I read with the exasperated tone I think he/she was trying to convey. I also didn't read that as "literal", just that the owner isn't planning to do anything about the upstairs tenant problem.

Now THAT I see in a listing probably a few times a year. Just without the snarky comment.

Pretty weird, though that, according to the tenant, no one has approached him about allowing showings.

short+sassy · May 2017

Oops, I didn't think my (above) post went through.

Questionable real estate listing

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