Check out this story about a new incentive that home sellers can offer potential buyers, the "death incentive."
Sunday, April 13, 2008
Is the Housing Market Really That Bad?
Check out this story about a new incentive that home sellers can offer potential buyers, the "death incentive."
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10 comments:
woahh. i say thats a pretty good reason to buy the house. A free house sounds pretty nice. And since his family never reach 79, the chances he will reach it might not be that high. Its a very strange incentive, and wut if the buyer decides to like attack him when the seller turns 78? It sounds risky though. And that man seems extremely confident about the whole idea, which probbably makes potential buyers even more uneasy. wondering "why would he do this" could it be a trick, etc.
i like this article. alot of the articles posted on here are related to "incentives" and getting something by doing sumthing different.
THAT IS RIDICULOUS! Personally, i would never buy his house. He wouldn't do it unless he was pretty confident he wasn't going to die and then if he did die, what are you going to do? Do a jig when you read the obituary?
I don't know how bad the housing market is at the moment but surely he can just wait it out instead of selling based on his death. And what about his wife and family? She's OK with losing all that money? I have a feeling that whatever happens someone is going to be pretty upset.
this seems suspicious and very wierd but so does everything else which is out of the norm..idk cuz thatz risky cuz a murderer can move in and kill him sooner or later...
well i guess let him do what he wants 2 do but i wont have any part in this nonsense..
They cannot kill him, the "lawyers provided for that." It is quite entrepreneurial, but it makes me wonder...what is wrong with the house? I wonder if this will become a trend...
They cannot kill him, the "lawyers provided for that." It is quite entrepreneurial, but it makes me wonder...what is wrong with the house? I wonder if this will become a trend...
Why not? I'd buy the house. Worst comes to worst, I'd end up paying for the house I'm living in, which I would have to do in any other normal situation. The value of the house may even go up, allowing the buyer to sell the house and make a nice profit plus a free living in a half-million dollar house.
As far as the 69-year old seller goes, I really don't see why he would risk his life insurance policy and take away his family's financial security in the event of his death. That's a rather unnecessary risk in my opinion.
I think that is pure genious. Not only will someone get a free lot of land if they're smart and take the offer, the old man will get to use his life insurance before he is dead! If I were buying his house I think I could live with that.
That man is definitely thinking outside of the box. It seems like to the buyer that it is an offer that can not be refused! I find it pretty strange that someone would do this rather than give the life insurance money to his family or something. Definitely a very strange, but effective, way of grasping what you want in real estate.
all i got to say is what does this house look like? i mean its listed at almost $500,000!!
other things aside though i agree with achal, this guy is putting his family's well being in jeopardy here by risking his life insurance policy, which could support his family for a long time.
Now that is awesome. I wouldn't recommend someone to buy it purely on the hope that the guy dies. I mean, buy the house if you want to live in it, and if you're lucky (you terrible terrible person) you end up getting it for free!
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