No permit, no well, no septic
Think this might be a problem for selling a house? Apparently not in today’s real estate market for Leavenworth Washington.
Two homes recently popped on the market just outside of town. Nice little fixer upper cabins. Cabins without water, wired for generators and hooked up to sketchy homemade septic systems. Both received multiple offers in just a few days. A surprise to a number of agents in the area.
How to finance? Obviously cash is the best option. Next up would be a land loan or a construction loan. Probably time to dump the mortgage broker and go with a local bank as this might be a little tricky.
We’ll see how these deals play out over the next month. If they go quick we may see more sales of similar homes. If the sales fail, we might see these properties sit on the market a long time.
I think the market’s response to these homes is pretty clear. There’s no bubble in Leavenworth. It’s actually possible that the market is a little more aggressive than this time last Spring.