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A 1900s home close to me with 4200 sq ft lot, mortgage helper recently sold for 1.38 but it was closed immediately... Cash offer. It's unfortunate these get snagged so fast by builders. I totally see a young family starting out in these homes but stand no chance against cash offers. Mind you the home looked livable with early 2000 Reno's.
During our deal, we had subject to sale and the seller accepted. We had 2 weeks to sell but had no bites, next thing we knew, they didn't want to extend our time as a builder had offered them cash. Lucky for us, we had a offer on our townhome and forced the buyer to close within 3 days (we gave them 35k off the last comp. Didn't care as we were so emotionally vested to move on.
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