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Check out this property near me which is being sold to the highest bidder regardless of price
http://www.albertburney.com/home/auction_details5_inc.php?auction_no=14-010
I plan to submit a bid.
I spent the whole day viewing this amazing property and plan to bid on Saturday. It is being sold to the highest bidder regardless of price. Absolute Auction!
It includes
50 acres of land with spectacular views — see the pics at
https://www.facebook.com/media/set/?set=a.836144353064644.1073741850.157581550920931&type=3main house is 5200 sf – fully furnished
6 Villas
2 other houses
large green house area with 2 chicken coups
it has it’s own hydro electric plant
completely powered by SOLAR power – with 76 solar panels and a huge battery bank
a 64′ x 64′ YOGA studio ( which could be converted in to a house)
orange groveI think I can steal this property for about $500,000 – maybe less.
Only problem is the altitude. It is only at 1500 feet so the temps are too hot for me – in the mid 80s year round
It does have air conditioningMy house is at 4500 feet so I enjoy mid 70 weather year round so I don’t need an air conditioner or heater – ever
but I do not plan to live at this property if I buy it. I will subdive the property then build a sustainable community.
I’m negotiating 80% of FMV for a property to do a HBS. I know you mentioned 70% but the average days on market for the area for sold comps is 7 days (3 sold comps within last 1.5 months). So, i figured 80% of Fair Market Value would be a good deal to do a highest bidder sale on. If you don’t think so, please let me know.
Yes there is a 30 year fixed mortgage with a balance of around $165k. They are current. None to very minimum deferred maintenance. He is only interested in cash, because if he doesn’t sell it. His knew job will be taking over his payments tell it is sold. However, he doesn’t want it in his name anymore when he leaves. The lowest he will go is $170k (80% of FMV). Comps in the area have an average days on market of 7 days! That’s why i thought a HBS with an agreed price of 80%, not the usual 70% would still work because of the days on market are so low. I could be wrong. I wanted to get an opinion if a 80% is ok to do with the days on market are that low.
I looked at the mls data for DOM. There is one for 10 days (next door), 5 days and 4 days. I will meet with him tonight and put an offer in. Hopefully he hasn’t change his mind about it. I’ll let you know. If he likes it, I’ll plan on doing it next weekend. It is short notice but I hope it all works out.
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