'Honestly, you can feel the smell.' If there were ever a time to sell a house of horrors, the time is now.
More from Financial Empowerment How much house can I afford?In this wild market, in which record low inventory and soaring demand is pushing home prices ever higher, you might expect that any old thing you put on the market would sell. Mimi Foster, a real estate agent with Falcon Property Company in Colorado Springs, Colorado, decided to put one home to the test.She listed a five-bedroom home in the Broadmoor Bluffs Estates neighborhood for $590,000.
It was managed for some time by a property management company, she said. When the tenant was evicted in the fall of 2019 for not paying rent, she was allowed to return to collect some of her possessions, according to Foster, but instead trashed the place. Black spray paint covers every fixture, floor covering and surface, said Foster. Even more daunting, Foster said: the freezer in the basement that's full of meat and hasn't had electricity for over a year.
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