Desperate Enough for a Grow-Op?

I have a client who sold her home too quickly, working with a realtor who didn't listen to her, and didn't meet me, (Super Hero Chrissy) until three weeks before her possession date. 

My client has not found a place yet, but found some place to hang her clothing for the next month.  She found this accomodation late last week adn can breathe now, but still desperately looking for a home.

The she went to an open house, said to the agent she was working with a realtor, (yay), and was told this lovely little bungalow was a former grow op.  She wanted my opinion, so we went to look at it.  No question, really cute and perfect for her.

Did you know the following:

- once a grow-op, always a grow-op.  Even when and if she decides to sell this home, 5 or 10 years hence, she is obligated to disclose it is a former grow-op.

- this former grow-op will always be 10-15% below current market evaluations.  Even 10 or 15 years hence.

- there is one lender I know of who will offer a mortgage on a grow-op.  (Yes, if you are interested you have to call me.  Some cards I keep close to my chest!)

I knew grow-ops were complicated, but I didn't know, well I didn't really know any of this.  I figure, when I need to know something, I will ask someone who knows more than I do, and then I will know if forever.

Yes, I did manage to steer my client away from the cute little bungalow.

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Christine Coupland

Christine Coupland

CENTURY 21 Bamber Realty Ltd.
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