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Noah's House Offered at Foreclosure Price (10/02/08)
 
 

Disclaimer: I am not a lawyer. I am only publishing my interpretation of my situation. You should seek your own legal representation for your own particular situation. Do not rely on my opinions or statements for your own purposes as state and local law varies as do individual circumstances.
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       I found my house listed in the multiple listing service (mls) today for Pensacola. The price is set at $425,000. That is lower than I ever offered the house. The lowest that I ever had the price was at $499,000. I am anxious to see if they get any interest (buyers). They will probably have plenty of interest, but I doubt they have any buyers any time soon. At least, that is how I found the market at $499,000.

          My house (old house) is the lowest house in the neighborhood. The next house in price is listed at $459,000. Of course, my house is being offered "as-is" with no warranty while the other houses are brand spanking new with warranties. I would pay the extra to get a warranty. I will be keeping my eye on how things go with this house. Keep in mind that I bought it in 2006 for $880,000. That is a HUGE difference!

          The listing is online (click here) through Odom Realty. I wish them luck.











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