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Posted over 14 years ago

need creative financing for 150% above listing price

 

Need cash for  a home that has been neglected and now is in short sale cash only.

3-bedrooms, 2-bathrooms, 2-stories, 2-car attached garage, built in 1981, 2142sq.ft.,3.7 acres half shade half open, in ground pool.

Pluses- on a dead end cul-de-sac of maybe 10 homes ranging in prices from $150,000 and up, has great potential, paved country road all neighbors have same in acerage. Been on market for 91 plus days asking price $79,400 my offer with bank(you)$65k working with bank in Simi Valley, CA. The roof is good, the pool is good, has working lilly pond with koi fish, the outside 3-tear-decking, heatied fuel,electric, all appliances and fixtures still in tac as of today, but people are really acting crazy stealing everything quickly, they don't even put a sign in yardand keep light on.

Minuses- Needs foundation work, siding replaced, needs sheetrock repair, some floors need repaired, window jams, landscaping, including longer retaining wall to support the foundation fix. $40k estimated. 6+ month rehab.

$65+$40=$105,000. House per sq ft averages are $65 per sq. ft.times 2142=$137,088. acres are averaging $20k times 3.7=$74,000 we are easily looking at a $210,000.00 Home

Call if interested? Jim (417)368-1905


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