Quote:
Originally Posted by Flatbutt1
Well technically its a renovation but I'd be re-building to the original footprint. The house is old and grandfathered to code so I can't sell it as is(the foundation is shot). However the renovation price is way to high. I can't do that kind of debt at my age. Plus I doubt seriously that I could recover the cost if I do sell the house. It is small, old and outdated(kinda like me). I can't afford to raze and rebuild either. I just don't know what to do 
Current value due to its condition +renovation price <<< than what I could probably get on the market. |
Sorry to hear that. Might be a situation where you just want to cut your losses. I'm sure you could sell it "as is" as long as you disclosed the foundation issues and it would sell at a highly discounted price to market. This issue is what you have in the property- hopefully you aren't in too deep or haven't cashed out on a ref.
Could be the definition of a money pit...