JohnsonBox Posted March 17, 2013 Share Posted March 17, 2013 Why does the owner want to sell it? Is it because the worth of the house is evaluated too high by government (so that the owner has to pay too much tax)? Link to comment Share on other sites More sharing options...
XerXis Posted March 17, 2013 Share Posted March 17, 2013 because it's a burned out ruin? Link to comment Share on other sites More sharing options...
PeteWhite Posted March 17, 2013 Share Posted March 17, 2013 You only have to look at the picture to see why. Looks like there has been a fire and a lot of damage caused. Probably would have to demolish and rebuild. Link to comment Share on other sites More sharing options...
lnmnky Posted March 17, 2013 Share Posted March 17, 2013 Isn't the land alone worth something. A plot of land like that for building in the UK would be 10,000s alone :s Link to comment Share on other sites More sharing options...
remixedcat Posted March 17, 2013 Share Posted March 17, 2013 the poor agent is gonna get 2-10c commission on that sale. Link to comment Share on other sites More sharing options...
Squirrelington Posted March 17, 2013 Share Posted March 17, 2013 Isn't the land alone worth something. A plot of land like that for building in the UK would be 10,000s alone :s The issue is that there is plenty of land still available outside of major cities, it is Detroit (which is going through major problems right now) and that house would almost certainly have to be demolished and rebuilt on a small plot of land. Most people would likely either want to buy land then develop it or buy a house and improve it. In this case I doubt either is possible due to the condition of the house so you'd have to take on demolition costs on top of everything else all the while paying taxes on land you can't even feasibly use until your end result is met. Link to comment Share on other sites More sharing options...
remixedcat Posted March 17, 2013 Share Posted March 17, 2013 and there are far better pieces of land to develop on in an area with civilization. Link to comment Share on other sites More sharing options...
sc302 Veteran Posted March 17, 2013 Veteran Share Posted March 17, 2013 There could be a few issues with that. One, it will need to be demolished to be rebuilt. Another, there may be a town ordinance where you can't build on anything under x amount of land. Tearing down and building new could be considered new development and the new owner may not be able to build on that land once the existing structure is torn down. Existing structure will be grandfathered in, but once it is torn down it no longer is an existing structure. Stupid laws. The only thing they may be able to do is to split the land and sell it to either side but neither side may want it because it will increase their taxes. It really is a crappy situation to be in. Link to comment Share on other sites More sharing options...
Arachno 1D Posted March 17, 2013 Share Posted March 17, 2013 Another, just needs a touch of paint for $2200 on 0.9 acres http://www.realtor.c...?ex=MI549531805 Seems the realter doesnt go in much for descriptions on this site Is this a run down area,depression or tornado damage thats got all these houses going so low? Link to comment Share on other sites More sharing options...
notchinese Posted March 17, 2013 Share Posted March 17, 2013 Another, just needs a touch of paint for $2200 on 0.9 acres http://www.realtor.c...?ex=MI549531805 Seems the realter doesnt go in much for descriptions on this site Is this a run down area,depression or tornado damage thats got all these houses going so low? Detroit Link to comment Share on other sites More sharing options...
Arachno 1D Posted March 17, 2013 Share Posted March 17, 2013 And Detroit is an issue because?........ Link to comment Share on other sites More sharing options...
Crisp Posted March 17, 2013 Share Posted March 17, 2013 And Detroit is an issue because?........ No Google Fibre... duh. Link to comment Share on other sites More sharing options...
tiagosilva29 Posted March 17, 2013 Share Posted March 17, 2013 And Detroit is an issue because?........The Lions' defense offense sucks. Link to comment Share on other sites More sharing options...
Izlude Posted March 17, 2013 Share Posted March 17, 2013 let me buy it Link to comment Share on other sites More sharing options...
Growled Member Posted March 18, 2013 Member Share Posted March 18, 2013 I'm not sure they could pay me to take those houses off their hands. Link to comment Share on other sites More sharing options...
giantpotato Posted March 18, 2013 Share Posted March 18, 2013 If I was one of the neighbors I would just buy it, tear it down and have a huge yard. remixedcat 1 Share Link to comment Share on other sites More sharing options...
Xilo Posted March 18, 2013 Share Posted March 18, 2013 And Detroit is an issue because?........ Parts of Detroit are either a wasteland filled with abandoned houses from the housing crash or a warzone of crime. Many neighborhoods are marked to be demolished. remixedcat 1 Share Link to comment Share on other sites More sharing options...
Ian W Posted March 18, 2013 Share Posted March 18, 2013 Burnt houses make me sad. Also, it looks like the roof is caving in. The porch/stairs have seen better days. Link to comment Share on other sites More sharing options...
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