Don't forget to list the detached garage AS-IS in Historic Neighborhoods for your clients....

Life is made up of all your experiences, and I had one yesterday, for sure! I need to share with you that when you are working with Historic neighborhoods like #Avondale #Springfield #Riverside or #SanMarco, you need to ask your #Realtor to check on a few important items, because these homes are sooooooooo old, and remember on a good clear day, the #sun, the #salt air, the #wind, they are all beating on the house, and wood is an organic material, much like the people who built the homes, they will eventually decay. (morbid I know, but true).

 So yesterday, I am writing an offer for a client in #Avondale. The owner of the house, the seller, needs X amount of money to be able to make the down payment for their next house down the street, down sizing. Not really important to the buyer, but the seller really has NO money for repairs. This will become evident in a minute. So a great historic house, with a garage, in a fantastic neighborhood.

Through an inspection of this $500,000 house, (and you should get an inspection for any house you are going to live in), we find that the carriage house/garage needs $18,000 in repairs. Wood Destroying Organisms have been eating this carriage house, alive. Many garages in Avondale are so old and decrepit, not to mention small because the cars that were around in the 20s are a weeeee bit smaller than they are today, they could blow over in a tropical storm, and some do.

Had the LISTING #Realtors put in the their paperwork that the garage/carriage house is being sold, AS-IS, then the real value of the property is the house, the land and the neighborhood. The fact that the value of the house is tied to a building on the lot of less value, it becomes an issue for the buyer because 1) the seller will not make any repairs, and 2) it could become hard to get insurance for something that is in such bad shape. Almost like condemning the space, but the new buyer then has to spend a small fortune to get the garage/carriage house operational.

#Realtors, wake up and help make it easier to sell #Historic properties for your sellers! Happy Holidays!