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Originally Posted by Xist
That is relevant to a completely different thread, JSH!  |
Yes, you have spread your life story over many threads. I can be hard for the rest of us to keep it all straight.
Quote:
Originally Posted by Xist
What stood out to me from that listing:
"Electric and phone lines are right across the street."
I wouldn't be surprised if it cost five or ten thousand dollars to connect those lines. Why didn't the owner?
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They didn't run the phone because nobody uses a landline anymore. They did run internet because that is an essential service.
Electricity? My guess is that this is either :
- A property were the owner lives in an RV. I have some friends with a similar vacation property in TN. They sleep in the RV but have a large outbuilding that provides more living area and has a real kitchen. They also have an outdoor shower - which is FANTASTIC by the way.
- The owner planned to live in the shed while they built a house but the plan has changed
You are correct that it costs thousands of dollars to run utilities to a property. That is one of the reasons why small houses cost more per square foot. The price of the land and expense to run the utilities are spread over fewer sq ft of house.
Quote:
Originally Posted by Xist
"Owner Will Carry Option, terms negotiable."
It is good to have options.
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That means the owner is open to carrying the mortgage. You would draw up a contract and make payments to them. When the agreed upon payments are made the title would transfer to you. That tells me the owner isn’t in a rush to sell this property and doesn’t need to the money.
https://www.investopedia.com/article...-financing.asp