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September  16

FSBO ... on eBay

Condo_for_sale_on_ebay_2 Well we guess if you can sell a holy pan on eBay, why not a condo in Montclair? This one, according to the seller, goes for $249,000 and comes with the option of seller financing.

I will take back a mortgage note in order to fund a no down payment transaction with adjustment of purchase price!!!

I will finance all the closing costs with adjustment of purchase price!!!

I can even get you cash back at closing!!!

You can buy this house with absolutely no money out of your pocket. Just a few signatures and it's yours!!!

I can guide you on how this is transaction is accomplished, as I do them all the time.

All the time!!! Just like a licensed realtor!!! Sort of!!! Hmmm...would you buy real estate from somebody named anthony669?

September 16, 2005 in Seen in Cyberspace | Permalink

Comments

Yo, Anthony, how about lowering the price a mite? I can't see paying that kind of cash for a converted garden apt. I know people do, but I just don't get it.

Posted by: Miss Martta | Sep 16, 2005 9:04:56 AM

I dunno Miss M- you can't get anything for that price here...

Posted by: Pam | Sep 16, 2005 9:39:49 AM

If you click on the other items he's selling, you'll see another "white hot deal" in Newark. With descriptions like the following, I'm sure throngs o' buyers are beating down his door:

This house needs some work: the roof needs some repair, leaks from kitchen to dining room must be repaired, interior in dining room need repair, most of the interior walls need attention, backyard rubbish removal, needs kitchen instalation, needs a completed bathroom renovation. All told, probably about $24K in repairs if you were to hire a contactor. No structural damage.

Posted by: diane | Sep 16, 2005 10:08:00 AM

There's a 1-BR for sale in the tony Rockcliffe building for $200k.

Posted by: laura m | Sep 16, 2005 10:46:15 AM

Rockcliffe is a coop, like Parkway House in GR. Prices there are always lower than condos because monthly maintenance is way higher (you are paying a pro rata share on the underlying mortgage on the building).

Posted by: lurkerlady | Sep 16, 2005 11:11:30 AM

Great Blog, check out this resource I found for selling your home. For Sale By Owner

Posted by: David | Oct 25, 2005 3:46:59 PM

I can't understand why the price is so law? I guess that it's a trick but I'm not aware of it though involved in the real estate.

Posted by: Rich | Mar 13, 2006 3:50:06 PM

I'm curious. Did this ever sell and if so, for how much? He had some nerve asking almost a quarter million for something that needed that much work.

Posted by: Miss Martta | Mar 13, 2006 3:55:31 PM

why did he have nerve. If people will pay it then it is good business. Just like people bidding over 100K for houses in Montclair that come with an average at best school system

Posted by: Ern | Mar 13, 2006 4:02:16 PM

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