.While we prefer to sell this home we are considering rental offers!

Professional "lease option investors" do not inquire. Thank You

$119,900/sale

$850/month rent 

We have reduced this wonderful home yet again, a savings to you of $40,000.  This home, built in the 1800's, has been beautifully restored and updated with all the care and attention to detail you would hope for.  You will fall in love with the refinished hardwood floor in the dining room, and be drawn to the warmth of the wood burning fireplace in the living room.
We hesitate to say that we have improved on this vintage home, but the addition of the second bathroom with a large 3' x 5' tile shower provides an available bathroom while the Mrs. soaks upstairs in the original bathroom's newer, oversized whirlpool tub.
 

FORCLOSURE,  WHY NOT!

I can speak from experience on the appeal of the low price of foreclosures.  After finding ourselves in need of a place to live and on a limited budget we jumped on the foreclosure bandwagon.  The hook or the why of the foreclosure is the price.  In order to see the why not you need to jump to the end of the experience.  Foreclosures as you can imagine always enter the market under the worst circumstances and therefore in the worst of condition.  At closing we were excited to have gotten a house substantially under market value.  The day after closing the excitement ends and the savings quickly begin to disappear, $2500 for a damaged pool, $3000 to replace carpet that had been removed for animal damage, $200 dollars for a new garbage disposal so the kitchen sink did not drain on the floor.  The examples can and did continue, 32 holes in just one of the walls that had to be filled before repainting the entire house inside and out, a complete rebuild on the furnace, etc…

We looked at a lot of foreclosed houses and all obviously were left in similar condition.  In the end no money was saved and a lot of labor was required.  The worst part of the story was realizing that the savings was an illusion and that the purchase price we had paid has actually damaged the market value of the house we are now totally invested in, making cost recovery more difficult.