Check out this too-good-to-be-true place in Warwick. Of course the $75k asking price has people bidding against each other. It’s not a short sale and when I looked at it, there was nothing apparent to the eye that was a deal breaker. It just needs some work to finish up the renovation that someone started. Nice location and decent property.

When I called the list agent to find out what the deal is, I found out that it may not be such a deal after all. Or maybe it is, but delving into the problems would be uncharted territory for me.

The home currently has no running water. The seller tells the agent that it’s a broken pipe but let’s assume the worst and figure on drilling a whole new well. Just in case. Furthermore, the septic system is a mess. Worst case scenario, let’s say it needs a new one. The owner also thought he would save on the price of oil, so he installed a coal heating system. Coal? Who does that?

Ok, so those are the big issues. I was almost tempted to check out prices on those items but as of last week there were seven offers on the table, above ask, so I just didn’t bother.

Nice house though. Someone who knows a thing or two about something other than city sewer and water is gonna steal this baby for a song.