Graffiti, animal remains and a strong odor: Colorado has a 'home from hell' for sale, but many want to buy it
In today's frantic housing market, in which record low inventories and rising demand are pushing home prices even higher, you can expect any old home you put up for sale to be sold. Mimi Foster, a real estate agent for Falcon Property Company in Colorado Springs, Colorado, decided to test this claim. More details about her experiment were told by the publication CNN.
She's listed a five-bedroom home in Broadmoor Bluffs Estates for $ 590. While it looks lovely from the outside and is set among houses that typically sell for between $ 000 and $ 750, graffiti awaits buyers on the other side of the front door. , destruction, animal remains, years of abandonment and a very strong smell.
“To be honest, the smell is very strong,” the agent said.
Foster did not hold back in describing the house. She called it "every next homeowner's nightmare" and wrote: "If you dream of owning your little piece of hell and turning it into a piece of heaven, look no further."
In this way, Mimi checks how far buyers are willing to go. The home offer has been viewed over half a million times.
The home, which Foster says is owned by a sick out-of-state salesman, was once rented out to a woman who had lived there for ten years. The real estate agent said it had been operated by a property management company for a while. When the tenant was evicted for non-payment in the fall of 2019, she was allowed to return to collect some of her property. But, Foster assured, the woman had destroyed the place in anger.
“Black spray paint covers all walls, flooring and surfaces,” says Foster. Much worse is the freezer in the basement, stuffed with meat, which has been without electricity for over a year.
By February 2020, Foster said, the seller was facing foreclosure because he could no longer pay the mortgage. But once the pandemic broke out, it was averted by a national foreclosure ban. The homeowner tried to partner with his insurance company to renovate the house and sell it, Foster said, but the process was slow and not very successful.
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"If there is a time when you can put something like this on the market and see if it sells, it is now," Foster said.
They decided on the price by calculating the amount of money that will cover the first mortgage, liens, commissions, costs of closing unpaid taxes.
But, according to Foster, she only accepts offers from buyers who have visited the property - because of the smell.
When an agent called her to tell her that someone had sent in an offer from Denver for $ 625, Foster said, "I'm sorry, but you have to come and smell first."
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