A house in Pontiac, Michigan has been listed for an incredibly low price of $1.55, sparking a viral marketing campaign and attracting a lot of attention. The agent responsible for the listing believes that the property will go for a much higher price, according to The Post. The listing on Realtor.com introduces the property as the “World’s Cheapest Home!” and describes it as a ticket to a real estate adventure of a lifetime.
The two-bedroom, one-bathroom house is in need of extensive renovations, requiring the buyer to unleash their inner DIY guru. The listing by realtor Chris Hubel emphasizes the potential for creativity and excitement in transforming the property. Interior photos reveal scuffed hardwood floors, a moldy-looking tub in the bathroom, and a kitchen desperately in need of some TLC. The listing also humorously mentions an “avant-garde ‘floor hole’ art installation” next to the furnace.
While the exterior photos only show the front of the house with an overgrown bush and tall weed, the listing promises a blank canvas garden just waiting for the buyer’s green thumb to work its magic. Interested buyers are given until August 23 to submit their offers.
Hubel believes that the seller would not accept a $1 offer and estimates that the property will eventually sell for $45,000 to $50,000. He suggests that a contractor doing the work independently could revamp the 1956-built home for around $20,000, while using a company may require a budget of $45,000.
This unusual marketing approach is a chance for the property to find its true market value and attract a visionary buyer or investor. Whether the buyer is looking to flip the property for profit or embark on a leasing venture, the potential of the home is described as limitless. This one-of-a-kind opportunity is perfect for someone who thrives on life’s little curveballs.
Sources:
– The Post