Tuesday, October 30, 2007

Apparently, desperate times calls for desperate measures

Sellers offer house for the deal of their lifetime
Fed up with no offers, will refund entire purchase price upon their deaths
(image courtesy of Google Images)

WEXFORD, Pa. - It could be the deal of a lifetime. A Pittsburgh-area couple, Bob and Ricki Husick, are offering anyone who buys their home full cash-back upon their death and even their full inheritance, currently worth at least $500,000.

The Husicks have been trying to sell their home for almost a year, but have failed to do so in the current shaky market.

Bob Husick said he's asking $399,900 for the four-bedroom, three and a half bath home about 20 miles north of Pittsburgh.

According to the Husicks' offer, the buyer would get the money back when the couple dies. And if the buyer agrees to care for them in old age, they could also inherit their retirement home in Arizona, bringing the estate's current value to about $500,000.

Times are truly tough.
I'm sure there'll be incentives of all types out of desperation to sell a home. Honestly,
It's so hard to believe that many people's dreams of owning a home has been realized as a nightmare.
People are selling their homes at 50%+ than their asking price, or some are struggling paying 2 mortgages.
I don't know what it will take to resolve these issues, but it can't come soon enough for some.

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