Friday, August 15, 2014

Just Sold! Historic Victorian Charmer


I just sold this home in Downtown Ogden.


This 2 bed 1 bath home is located at 2144 Adams Ave. in Ogden just a block away from the Ogden Temple site.  The sellers asked me to list their property since they were being relocated out of state for work.  We placed the home on the market for $84,900.  Conveniently, I also had a client shopping in the market in this price range.  I recommended the home to my client and we placed it under contract immediately after it came on the market at $83,500.

Unfortunately, later in the transaction we bumped into some title problems which were credited to sloppy work performed by the previous owner's escrow company during the sale of the home 10 years prior.  The previous owner was erroneously showing up in the county records as having an ownership interest in the home.  Our title company had to do some serious investigative work to find the previous owner.  They found him in Park City.  However, it turns out he was a real estate 'guru' who was in bankruptcy and also being hunted by the IRS.  He refused to sign any paperwork out of paranoia of what the consequences would be.  So, it took us a week or so to gently persuade this former owner that it would be in his best interest to authorize the paperwork.  After he understood that he would be invoiced for all the legal fees incurred by our title company to complete a quiet title action, he agreed to fix the problem at no cost to himself by signing a simple quit claim deed.

Once that was done, we closed immediately.  The home will be an investment property with our company providing property management services for the new owner.

Congrats to both my buyer and sellers on a win-win transaction!  If you are looking to sell your home, or are in the market to purchase, CONTACT ME and let's see what we can do to meet your needs.  
    

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