All Forum Posts by: Myriam Keaton

The house is well built.  The builder overextended himself and has to liquidate this house in order to finish some multi-family homes that are in various stages of construction.  He narrowly escaped the property tax sale on his primary home a few weeks ago.  It’s not a matter of something wrong with the house, but with a distressed builder that has much more to lose of he does not liquidate this property.  The house that he built next to it did end up selling for 615 k after 37 days on market after I made this initial post.  By that time I already had this house under contract locked in a $332,500.  

@Rebekah L Bunn  So the house could be worth $624k, or at least $500k for a quick sale, and the contractor will let it go for $335k - only because of a $3k electric meter?  Even if the contractor is out of money, borrowing the $3k to finish the job and get top dollar would seem the way to go.

Nothing else is wrong with the house?