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Updated almost 9 years ago,
Can't sell flip - Bee Keeper next door!!!
I always do my due diligence prior to purchasing a property to rehab but this one got pass me. As any prudent investor, I always scope out my neighbor's property to see if there are any potential hang ups that would impact the sale of my rehab. I was really confident in the purchase of my property. It was rehabbed, listed on the mls and within a few days my agent informed me that a potential buyer would not place an offer bc the neighbor next door was a BEE KEEPER!!!!!!!!! Apparently, the entire family was allergic so they had no choice but to walk away. The house is on .6 of an acre and the there is shrubbery along side the fencing. I FAILED to walk to the very back of the property and when I did...there it was...neatly aligned bee colonies!!!! The colonies cannot be seen unless your standing in the very back of the yard! UGH!!!!!!!!!! I COULD HAVE SCREAMED!!!!! However, After two weeks of being of the market, I received an offer, the buyer had no problems with the bees, but prior to closing, the financing fell through. The house was placed back on the MLS. In the meantime, I spoke to the neighbor and he informed me that he purchased a new home and was MOVING and the bees would be GONE! After he told me that, I LITERALLY forgot all about the bees, right! So after 3 days back on the market I received another offer and within a couple of days, were under contract. A few days go by and the day of the home inspection I receive a call stating that the buyer wants out of the contract bc he has a terrible allergy to bees!!!!!!! ARE YOU KIDDING ME?!?!?!! So I tell them "no need to worry, he's moving"! But that was no good, the buyer has such a fear of bees, the sight of those bee colonies literally terriorized him and plus he's afraid of any potential bees that may linger on the property after the move! So tomorrow the property goes BACK on the market. The next door neighbor doesn't move for another 3 weeks and so the bee colonies remain :(