Anonymous wrote:Wow-any realtors have any guesses about what’s going on? Repeating it three times seems quite extreme-I’m picturing Hannibal lector’s storage space…

Not a realtor, but I can guess - owners, who may have inherited the house, have been ready to sell, but tenants don't want to leave/may be tenants from hE!L. The lease is up and owners have given notice and are ready to move on.

Anonymous wrote:That's a lot of window AC units. The neighbors dont seem to need them. Dead bodies?
I look forward to seeing who buys this mess. Call Guinness - worlds dumbest man.

Seriously

Listing:

"Tenant has lease thru May 2025. DO NOT DISTURB TENANTS. NO SHOWINGS. You will be purchasing this property sight unseen. ROOM COUNT IS APPROXIMATE AND TAKEN FROM OLD MLS LISTING. CASH ONLY. Upload your proof of funds with your contract offer (remember to remove the account numbers from your statement). No financing contingencies. No CONTINGENCIES for ANYTHING. CASH ONLY. “All offers must be submitted by the buyer’s agent using the online offer management system. . A technology fee will apply to the buyer’s broker upon consummation of a sale OF $175.” SOLD STRICTLY AS IS WITH NO REPAIRS, WARRANTIES OR VIEWINGS DO NOT DISTURB TENANTS. DO NOT DISTURB TENANTS. DO NOT DISTURB TENANTS."

Sounds like they really don't want to sell their home...

Anonymous wrote:it seems risky to buy a house (despite being sight unseen) and then have to wait a year to be able to do anything with it. If you borrowed money to buy it I'm guessing the interest and taxes would exceed what the rent is considering the condition of the house. And you couldn't even get into the house to measure or start planning for a reno/ remodel. The only thing that would make sense if it was a teardown - the plans for a building permit could be started right after closing and be ready for when the tenant moves out. I'd love to know more details about this listing!

No one is lending you money to buy this.

Anonymous wrote:So if it's a foreclosure, is this listing on behalf of the bank? And why do the tenants get to stay until 2025?

Because they have a lease through then. Leases transfer with the property. If you didn’t want the tenants after closing you could try to pay them to leave.

Anonymous wrote:

Anonymous wrote:Tear it down and build new.

Is that a tear down neighborhood?

There are a few below Veirs Mill in the Richard Montgomery district but I don’t think any above in the Rockville district. I own two similar rentals near there and this isn’t priced quite low enough for this situation IMO - should be less than $400K. It’s a foreclosure which is weird since the owners bought it for $420K in 2006.

Then what do they care about disturbing them? Let the disturbing begin, followed by eviction.

Anonymous wrote:it seems risky to buy a house (despite being sight unseen) and then have to wait a year to be able to do anything with it. If you borrowed money to buy it I'm guessing the interest and taxes would exceed what the rent is considering the condition of the house. And you couldn't even get into the house to measure or start planning for a reno/ remodel. The only thing that would make sense if it was a teardown - the plans for a building permit could be started right after closing and be ready for when the tenant moves out. I'd love to know more details about this listing!

There is a good chance that the buyer will have to evict the tenant. I think there are flippers who specialize in these kinds of property who will have no problem buying it sight unseen because the price assumes no appreciation since 2006. There is money to be made on this property even if it requires a total gut job, it's just going to have to be someone with experience getting rid of tenants

it seems risky to buy a house (despite being sight unseen) and then have to wait a year to be able to do anything with it. If you borrowed money to buy it I'm guessing the interest and taxes would exceed what the rent is considering the condition of the house. And you couldn't even get into the house to measure or start planning for a reno/ remodel. The only thing that would make sense if it was a teardown - the plans for a building permit could be started right after closing and be ready for when the tenant moves out. I'd love to know more details about this listing!

Any real estate agents or neighbors here with inside info?

Looks like owners are looking for an investor who'll buy house unseen. I'm sure there is an interesting story here.

Someone want to knock on neighbors' doors and find out what the story is?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where is the listing?

Sorry, included the wrong link in my original post. This is the listing:

https://redf.in/pjAEWj

Uh, no you didn't.

Anyway, what a treat


Tenant has lease thru May 2025. DO NOT DISTURB TENANTS. NO SHOWINGS. You will be purchasing this property sight unseen. ROOM COUNT IS APPROXIMATE AND TAKEN FROM OLD MLS LISTING. CASH ONLY. Upload your proof of funds with your contract offer (remember to remove the account numbers from your statement). No financing contingencies. No CONTINGENCIES for ANYTHING. CASH ONLY. “All offers must be submitted by the buyer’s agent using the online offer management system. . A technology fee will apply to the buyer’s broker upon consummation of a sale OF $175.” SOLD STRICTLY AS IS WITH NO REPAIRS, WARRANTIES OR VIEWINGS DO NOT DISTURB TENANTS. DO NOT DISTURB TENANTS. DO NOT DISTURB TENANTS.

Yes, I did. Then I reported it and asked for the post to be removed when I realized my mistake.

Anonymous wrote:I'm picturing some wuss who can't set boundaries and let a relative take over their house. They can't bear to confront them so they moved out, gave them a lease, and would rather sell the house than evict.

It could be terrible tenants. It could also be a case where ownership is disputed between family members

That's a lot of window AC units. The neighbors dont seem to need them. Dead bodies?
I look forward to seeing who buys this mess. Call Guinness - worlds dumbest man.

Anonymous wrote:

Anonymous wrote:Tear it down and build new.

Is that a tear down neighborhood?

Its the price that the house sold for in 2006. It may not be a tear down, but it's at least priced as a massive gut job