Tuesday, October 4, 2016
Key West Horror Story No. 5
This particular buyer was self-employed. He lived from project to project. He would get paid a lot of money upon the completion of each project. But there was no steady income for the times in between. I hooked him up with a local lender who figured out a way to get him approved for a mortgage. We started looking in areas other than Old Town where prices were lower. We found such a place in Mid Town.
The particular house was an estate sale. The previous owner had passed away. The man was single and died alone except for his dog. His body wasn't discovered for quite some time. The body of his large dog was found as well. The dog apparently survived for a while after the owner passed. You can figure out what happened.
The finished house was priced the equivalent of a fixer house in Old Town except it was already fixed. My buyer was willing to forgo the cuteness in favor of the up to date renovation at an affordable price. He made an offer. We negotiated the price a bit and put the place under contract.
I was a bit concerned that the agent had done a lot of work which may or may not have been permitted. I included a couple of safe guards in the contract which later proved useful when the renovations she authorized did not pass final building inspection. The brothers had to come out of pocket to bring the sub-standard work up to meet building code.
I totally sympathized with the situation those brothers went through. Losing a family member is never easy. Losing a family member in such a harsh way is awful. But then having to pay for something twice compounds the loss even more.
The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.
Preferred Properties Coastal Realty, Inc.
- ► 2017 (109)
- 1200 Florida Street - Key West
- How to Win a Negotiation without Going Postal
- 3414 Duck Avenue, Key West - Major Price Reduction...
- Open House Today - 1400 White Street, Key West
- Sitting Pretty at 1509 Pine Street, Key West
- 11 Birchwood Drive, Key West - Price Reduction
- 410 Catherine Street, Key West - Just Listed
- 1122 Von Phister Street, Key West - Welcome to My ...
- 1400 White Street, Key West - OPEN HOUSE Today
- 805 Catherine Street, Key West - Just Listed
- 1114 Margaret Street, Key West - Innovative New Lo...
- 845 Galveston Lane, Key West - Elegant Eyebrow Ren...
- Key West Horror Story No. 5
- 909 Eaton Street, Key West
- ▼ October (14)
- ► 2015 (207)
- ► 2014 (212)
- ► 2013 (234)
- ► 2012 (237)
- ► 2011 (255)
- ► 2010 (237)
- ► 2009 (243)
- ► 2008 (230)
- ► 2007 (170)
Gary Thomas in a Nutshell
- Gary Thomas
- Key West, Florida, United States
- I first read about Key West in a magazine called "After Dark" sometime in the mid 1970's. But it wasn't until March 1984 that I made my first visit to the island that would become my home. I had two weeks for a vacation and reserved a room at Colours Guesthouse (now Marrero's Guest House) for one week. I thought that if I didn't like Key West, I could always go back to Miami or Ft. Lauderdale for the rest of my trip. But after a couple of days in Key West, that was no longer a consideration. But when I wanted to extend my stay for the extra week I found there was no room at the inn. The guesthouse owner did find me a room at LaTeDa, the infamous guesthouse/restaurant. That's a story I'll write another day. But those two weeks in Key West gave me the realization that I had found Paradise. Key West has been my home since 1993 and my only regret is that it took me so long to get here. I am a full time Realtor at Preferred Properties CRI. Let me help you find your new home or business in Paradise. Living in Paradise is not a slogan, it's a way of life.