Blog Alberta Arts Couldn't Get Away From the Damn Hyundai!

Couldn’t Get Away From the Damn Hyundai!

By Reg Martocci, August 11, 2020

 

Every sale has a story and this one centered around a 2011 Hyundai Tuscon.  Jamie is the daughter of two of my favorite clients turned friends, Mike and Amy.  Their family lived across the street from my go-to lender, Jen Bell.   Mike and Amy bought a house with us in Concordia a few years back and have become regulars at the bar I work at, Sloans Tavern.  Their daughter Jamie and her boyfriend Evan have been saving up for their down payment and were finally ready to buy this spring.

We went out on our first tour right at the beginning of Covid and found the house they wanted. The market was very insecure at that moment in time and cash buyers were pulling out.  I’m pretty sure that’s the only reason this house wasn’t snatched up yet.   The house was ROUGH but the location is 17th and Morgan, right in the heart of Dekum and their parent’s house is only a mile away.

The back story is that the woman who owned it was an addict and when she died it was squatted in for another year while her brother who lives in Hawaii was trying to get her affairs in order with probate.  I imagine this was very much a hassle for him and he wanted it over with.

There were lots of personal items left in the garage, one of them being an older SUV.  It was hard to tell what it even was in the dark and what condition it was in.  When we made our offer, the agent called and asked me if the buyers would throw in an extra $8k to buy the car as well.  The tone of her voice implied that, because the seller was in Hawaii and the estate was a pain for him,  he wanted a buyer who would take both off his plate.  Had it been a classic car or something cool they might’ve been tempted but it was a ratty old 2011 Hyundai Tuscon.  We politely declined but got our offer accepted anyway.  What we didn’t know was this car would come back to haunt us.

Inspections were daunting, every system of the house needed replacing.  Evan and Jamie were optimistic that the seller would contribute something toward the amount of repairs needed but he refused.  The one piece we leaned hard on was the sewer repair, something a seller almost always automatically does for the buyer.  The bid we got was about $7k to replace it.  The seller’s idea was to trade the car for the sewer.  It was so absurd it was frustrating because it’s not even legal to incorporate a vehicle into a real estate transaction.  The buyers really did not want this car but the seller wouldn’t budge.  We called their bluff and said we were terminating and still the seller wouldn’t budge.

With everything this house needed Jamie and Evan were the perfect buyers because they are young and crazy enough to take this on to get that location.  And now they are the proud owners of a 2011 Hyundai Tuscon.  For the record, we had to get creative and the car was not part of the real estate transaction.

Congrats my dudes, we pulled off the impossible and ridiculous in a pandemic!  Can’t wait to see what you do with it.

Reg Martocci

Broker

Originally from Worcester, Massachusetts my love affair with real estate began when I was 19 and owned my first triple-decker. Being a landlady at 19 quickly taught me  the importance of learning DIY skills to turn an old junky three-decker into a place someone would love to call home.  There is nothing more satisfying to me than watching a property transform.  Since then, I have been fascinated by the idea of home and the aesthetics that appeal to people and warm a space up. What is it about a space makes a person feel at home?  Is it an open floor plan? A garden? Hardwood floors or a south facing kitchen?  It is different for everyone and I would love the opportunity to help you find it. I graduated from Umass Amherst with a degree in Sustainable Living and Natural Health and naturally moved to Portland to find my people. Waiting tables and bartending all over Portland for the last 10 years has allowed me to really get to know many of the neighborhoods this beautiful city has to offer.  I've lived in and rented houses all over Alberta, Concordia, Hawthorne and Division until buying a house and settling in Kenton two years ago. If I'm not working you can bet that I'm somewhere in Oregon thrifting, at the river, working on my house, or catching happy hour with friends. Reg Martocci reg@livingroomre.com 508-340-1456 t 503-961-8224 f
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  • T: 508-340-1456
  • F: 503-961-8224
  • reg@livingroomre.com

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