I don't understand this phrase??

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wendyinoc_IHB

wendyinoc_IHB

New member
From the realtor.....

The one bedroom is priced right and of course, all asking prices are negotiable........BUT, the 2 bedroom for $324 is priced that way for a reason.

It's a distressed foreclosure property that has been 'ridden hard and put away wet'.

There was also a suicide in the garage.

It would normally be priced at about $359,000. It's a good buy for someone. I see that it just fell out of escrow.

My one bedroom listing is very cozy with nice location and will hold it's own

What does this mean ???

'ridden hard and put away wet'

I don't know realtor lingo. Thanks!!
 
It's a "southernism". Think of it in the equestrian sense. I hope a biohaz/hazmat specialist cleaned up the garage...

OC <---- Happy to translate for y'all
 
That is actually an equestrian term meaning that the horse has been ridden very hard and not put away properly in the stables. The realtor is implying that the house is in poorer condition that it's age would indicate. A suicide in the garage is definitely bad feng shui so getting a Chinese person to buy it would be difficult.
 
The thought of a suicide in the garage will probably make my wife sleepless at night......but all the feng shui professionals I've met did not really pay attention to the garages. Chinese people I know will buy it if the price is low enough to tempt them, they just won't live in it.
 
For those that want more detail, wet = sweaty horse with rapid heartrate. The horse should be walked until it has cooled down. Typically the sweaty hair dries. Hence, the horse would not be "wet" when put away. Think of going to the gym and exercising for an hour then going to sit in a cubicle on a chair for the rest of the day. Not good for your muscles (or your coworkers).
 
I'm not to worried about the suicide, but should check on the hazmat. I figure we all have to die somewhere and at least it was not in the house.

Thanks for all your comments!!
 
sounds like the "suicide discount" plus the bad condition together are $35k (if u actually believe the realtor's assessment of $359k normally). without seeing the house, i dunno its condition, but 10% suicide discount doesn't look big enough to me. do any re professionals know the typical non-celebrity suicide discount?
 
I think the disclosure period is dated back three years...however in this day and age, if one wants to buy a house with a written disclosure of "suicide in the garage", you better be prepared to disclose that when you sell....Future buyer can always find ways to sue you if they really are not happy with the house, or the house price drops dramatically....just think if the house price drops 40%, why not sue the person who sold the house to you and didn't disclose there were a suicide? They might not win, they can give you a lot of headache you don't want. I won't touch such a house with a ten foot pole!
 
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