DENVER — The real estate listing promises it could be “your own little slice of hell” — a home with spray painted profanities left by a tenant, a refrigerator full of rotting meat, soiled carpets from an illegal pet rescue and a back porch falling off. But in the hot real estate market, the owner is asking for $590,000 cash for the five-bedroom home in Colorado Springs.
The strategy appears to be working. A lack of houses available for sale means most homes are selling as is, without buyers asking for fixes or having their closing costs covered, listing agent Mimi Foster told KMGH-TV. She said that she received 16 written cash offers in the first 24 hours after putting the house on the market.
“We have an expression ‘if it smells it won’t sell,'” she said. “I am putting that to the test.”
The owner cannot afford to fix the home, and with the national freeze on foreclosures ending in July, decided to sell.
“It was a happy place for decades,” Foster said. “And somebody will come in and they will get rid of the anger and anguish that went on here. And it will be a cherished place to live once again.”