Score Revision: 1565 Columbine Ave [Caveat Emptor]

--- by Osman Parvez

If you see signs of deferred maintenance, expect more substantial issues lurking.  

If you see signs of structural failure, it's probably best to walk away. 

I can't retroactively score Fresh Listings that have been delivered to your inbox, but I can re-score them on the blog.  

Finish is now 5/10 (from 7/10). Deferred maintenance is 2/10 (from 5/10). Assuming the structural failure has been permanently stabilized and corrected, the value score is now 4/10 (from 7/10). If you're a serious buyer, don't assume. Verify.   

The new Osman score is 53/100.

It's not uncommon for historic homes to have repair work to brick and mortar. Bad grading and poorly constructed foundations eventually fail. The permanent solution is to lift the home and pour a proper foundation. It's a six figure repair.   

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 


Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.