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Why Is This Home Priced So Inexpensively? (U.P. Of MI)
#33
Hey, thanks for all the great comments! They are appreciated! (tu)

First off, I'm passing on this place after several red flags popped up. Not good for just a cursory glance.

Negatives -

1. Looks like a subdivision with a HOA. No dice. I don't want neighborhood nazis harshing my vibe. Also need more yard space, preferably not seeing any neighbors at all.

2. Too close to ski area, with too many weekenders nearby raising a ruckus. I have that now in my little burg!

3. House IS a bit larger than I want, although heating it wouldn't be too bad as I plan on traveling South during the Winters. Three seasons in MI, with the Winter in a warmer clime.

4. Close to railroad. I want QUIET, dammit! And get off my lawn!

5. Also wondered why a Realtor hasn't jumped on it if it was such a good deal. Those people ALWAYS have an advantage on real estate new to the market. Makes it tough for us lowly commoners.

Positives -

1. Low price. Heck, if it were on a better piece of property, I could throw another 100K into it, make it A-1 and still come out better than houses priced much higher in the U.P.

2. It's the U.P. of MI! Not much bad up this way. Virtually no crime, and very few people.

3. Low taxes. I would probably pay less taxes there than I'm currently paying on my existing house.

4. No way you would come CLOSE to building a house of this magnitude for the asking price. Even if it did have a few defects to correct.

5. Lots of windows. I've always liked houses with a lot of glass.

So, on with the search! BTW, I HAVE been drawn to a particularly nice home up in the Houghton/Hancock area, but it was taken off the market recently. I think the owners may have done that just for Winter. If it comes back on the market, that may be the one I jump on out of the 2 dozen I've saved on Zillow over the past few years.
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Re: Why Is This Home Priced So Inexpensively? (U.P. Of MI) - by Rick-o - 02-03-2017, 10:38 PM

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