The Kowalski family had a 3-bedroom home on 2 acres in Muskegon County that had been vacant for 14 months following a family member's death. The property had accumulated winter damage (frozen and burst pipes), overgrown landscaping, and minor vandalism to outbuildings. City citations for property maintenance were starting to accumulate.
A vacant property sitting without attention for over a year had accelerated in deterioration. The pipe damage alone would cost $12,000-$18,000 to repair. Insurance was lapsing due to vacancy exclusions. The family, living in Ohio, couldn't manage a repair project remotely.
7 Lakes Properties assessed the property including the land value and existing structure. We made an offer of $142,000 as-is — no repairs, no listing, no showings. We also requested the city halt citation activity while we completed title (which was honored once we showed an executed purchase agreement).
Closing occurred 22 days after offer. The Kowalski family received proceeds after a small remaining equity amount was distributed. Outstanding code citations were transferred to 7 Lakes Properties at closing. The family was relieved to be finished with the maintenance burden. 7 Lakes Properties completed repair and relisted within 90 days.
"We didn't know what was going to happen to that property. 7 Lakes Properties gave us an answer — fast."— Kowalski Family, Muskegon MI
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