Not sure why, but it's up for auction
Not sure why, but it's up for auction
It was listed for $899K a few months ago - Price seems very high. An auction makes me wonder if there is anything an inspection might (or might have already) turned up. Either that or there is little interest from prospective buyers within a suitable time-frame? Not sure why else something wwould go to auction... Thoughts?
.....Someday, like many others who joined WB in the early years, I may dry up and dissapear....
I think the owner had had some health issues at one point and possibly the sale is not voluntary?. I expect the number of folks with cash in pocket to buy the place are few and getting a bank involved adds a whole lot of more paperwork. Few if any hostels are code legal and a bank would want to make sure that if they get stuck with it they can resell which means by the book.
An auction means a fast sale.
Yes, look here: https://www.facebook.com/thestationat19e/Is this current?
Ok, look here: https://proteamauction.hibid.com/auc...timed-auction/Don’t have Facebook.
Thanks.
I see that bidding ends on November 4th, and the seller can accept, or reject, the highest bid.
Last edited by gpburdelljr; 10-21-2022 at 22:21.
It's going to be a hard sell with interest rates where they are (around 7% for residential homes). Then the Fed meets and will announce another interest rate increase a day before the bid closes. If I was a betting man, the property will not sell.