Interestingly enough, the owner of this property lives quite close to my office. Why the home is boarded up and vacant is anyone's guess. Perhaps the property has been in the family for a long time and there are plans to restore it. Or perhaps they are holding on to it and hoping to sell it when the market turns around. Another possibility is that they are looking to get it rezoned, as it is surrounded by commercial properties.
One thing I know for certain, if you don't ask the owner if they want to sell, you will never know. As stated in a prior response, the property is not "in distress". In other words it is not owned by a bank, is not in foreclosure, and therefore the owner's do not NEED to sell the property. If you are interested in buying this property, you would want to keep these facts in mind when negotiating the purchase and setting the price. Hope this helps and let me know if you are still looking for further information.
Dare to Dream.
Shel-lee Davis, QSCÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
Short Sale & Foreclosure Resource â€“ SFRÂ®
Certified HAFA Specialist â€“ CHSÂ®
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty