[ad_1]
In Yorktown, Va., a charming, gambrel-roofed house drew James Fiorito’s attention this summer. He had just sold his home and sought a fixer-upper—this one, listed at $250,000, seemed like a steal in a neighborhood where such a home would typically draw $450,000. He toured the dingy interior with a flashlight, since it no longer had electricity. In the backyard, a backhoe sat by the recently filled-in pool.
Fiorito, a 44-year-old attorney, puzzled over the home’s decrepit status and why the seller was the nonprofit Habitat for Humanity. He asked one of the listing agents about the home’s circumstances and was told the previous owner had been a hoarder. Fiorito made an all-cash offer of $225,000.
Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
[ad_2]
This article was originally published by a www.wsj.com . Read the Original article here. .