The housing market is so crazy, this $600,000 ‘horror’ is drawing multiple cash offers

Available homes are so scarce that this ‘nightmare’ listing seems like a steal --- even though it’s covered in graffiti and smells awful

While many listings that describe homes for sale are notorious for spinning cramped, dark spaces as “cozy,” or glossing over other inconvenient truths about a property, a Colorado Springs agent didn’t pull any punches in her roughly $600,000 listing for a “formerly majestic” five-bedroom home that is now “every landlord’s nightmare.”

When MarketWatch asked Foster what she felt while walking through the house for the first time, she said “horror.” The smell is so bad that Foster is refusing to accept any sight-unseen offers, including a California investor whom she says offered her well over $600,000. “It’s too much of a liability,” she says, noting it will cost at least $150,000 to rehab the home. “I don’t want to sell it to someone who hasn’t seen it. That’s also why I wrote that description: If you’re gonna walk into this household, you need to know what you’re facing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This disgusting 'house from hell' is listed for $600,000 ... and getting multiple all-cash offers'Honestly, you can feel the smell.' If there were ever a time to sell a house of horrors, the time is now.
Read more »

Black Americans Earn 30% Less Than White Americans, While Black Households Have Just One-Eighth Wealth Of White HouseholdsI have more than 20 yrs experience in writing about financial markets. I am especially interested in history and literature.
Read more »

94-Year-Old Has ‘Off The Chain’ Response To New Juneteenth Holiday'I’m humbled by it, I truly am,' said the 'Grandmother of Juneteenth' Opal Lee.
Read more »

McDonald’s employee apparently quits with drive-thru ‘I hate this job' sign“We are closed because I am quitting and I hate this job,' the sign reads.
Read more »

Cannes Market Sets Global Screenings in Asia, Mexico, AustraliaCannes’ film market, the Marché du Film, has confirmed its plans to offer buyers worldwide unable to attend the festival in-person market screenings at local movie theaters in five cities aro…
Read more »