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What's the craziest reason you have heard for a vendor selling?

Discussion in 'General Property Chat' started by Lisa Parker- Buyers Agent, 18th Mar, 2016.

  1. Lisa Parker- Buyers Agent

    Lisa Parker- Buyers Agent Well-Known Member Business Member

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    The "amazing things to ask an agent" post sparked me wondering about this.
    Many responses included "why are the vendors selling".


    What's the craziest scenario you have ever been told or found out about when investigating a property?

    My answer is not that crazy....but here it is

    "It was a drug house. They only keep them for a year and move on so they don't get caught"
     
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  2. Chilliblue

    Chilliblue Well-Known Member

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    The wife needs to sell the property while she still has power of attorney is probably the best that I have heard.
     
  3. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    Vendor is a professional gambler and wants to fee up the cash for a big opportunity.

    More likely he needed the cash to pay off a big opportunity gone wrong.
     
  4. Lisa Parker- Buyers Agent

    Lisa Parker- Buyers Agent Well-Known Member Business Member

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    That made me laugh! it probably shouldn't have.....but it did!
     
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  5. Xenia

    Xenia Adelaide Property Manager Business Member

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    The house is haunted. Yes there was a haunted one sold in Adelaide a few years ago, all chattels, fixtures and fittings and ghosts included.
     
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    I have heard this before too - if it doesn’t sell/settle before the person dies it then goes under the terms of the will/estate which can cause other issues eg land tax liability, loss of pension etc.
     
  7. Adele

    Adele Well-Known Member

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    Bad feng shui. House is unlucky. (Neighbour's house that has changed hands 3 times in the past 10 years)

    I rolled my eyes cos I've lived in a T-junction house where someone has committed suicide and it was fine for me.
     
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  8. datto

    datto Well-Known Member

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    "I need a more northerly aspect for my plants"
     
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  9. JohnPropChat

    JohnPropChat Well-Known Member

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    "He has too many properties"
     
  10. Sonamic

    Sonamic Well-Known Member

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    "My dogs keep getting out the front door and the neighbors are complaining to Council".

    I didn't have the heart to tell them that they could just fit a fly/security screen door. Ended up buying the 6 month old house for 10% under Market. Where is my soul?:oops:
     
  11. Rich W

    Rich W Well-Known Member

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    Slightly off topic but a house sold after 100 days around my area for nearly $100k off the average for that type of house. Found out a guy committed suicide in the garage. I'm assuming the agent has to disclose this kind of thing? If you buy a house knowing this, can you sell it again in a few years and not have to mention it?
     
  12. Jake Milne

    Jake Milne #1 Buyers Agent, Vic. Business Member

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    I don't think I've bought any "crazy" properties but two spring to mind from this year which were a tad different.

    1. Investor went broke needed to sell two houses next door to each other. One was halfway through renovations (had no floor) so I bought both for the median price of one in that area.

    2. Home owner had a very ill son, needed to sell urgently to pay for medical care. Tragic. Felt terrible screwing down the price from the advertised $875,000 to $813,000 when the bank val came in at more than $1,000,000. Don't think I'll forget that one for its moral conflict.
     
  13. Adele

    Adele Well-Known Member

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    I'm not sure about that. The suicide property I lived in has belonged in the family for nearly 30 years. My parents previously let a staff live in it rent free with his family. The suicide happened about 20 years ago. During the time that the man's wife left him and the 3 kids. As this property was just a few doors down to us, we knew right away.

    I think there is a thread discussing these sort of houses.
     
  14. Adele

    Adele Well-Known Member

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    Good one I heard yesterday.

    Owner has to sell to pay off debts, as she self funded her own regional political campaign. She lost that election.
     
  15. Scott No Mates

    Scott No Mates Well-Known Member

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    How do the plants know once you've put blockout over the windows & turned on the hydro system & lighting?

    Suicide is a tragedy not a crime. Doesn't need to be disclosed by the agent.
     
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  16. Azazel

    Azazel Well-Known Member

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    I guess your feelings of saving overrides your feelings of empathy.
    At least you're honest.
     
  17. Jake Milne

    Jake Milne #1 Buyers Agent, Vic. Business Member

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    End of the day I've got a job to do. Might make me an asshole at times, but I'm compelled to look after my clients and in turn their families, that's just how it is.
     
  18. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    Yeah, it's a moral delema, but at the end of the day the selling agent is ultimately the one employed to take care of the sellers interests. You can feel bad about it, but they're the ones who should be taking a good look at themselves.
     
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