Wild Housing Market Made His Modest Home a Hot Property

WSJ

By Ben Eisen
Chuck Vukotich, owner of a home on a cul-de-sac in Penn Hills, Pa., says he regularly receives calls from property speculators. | Photographs by Nate Smallwood for The Wall Street Journal

PENN HILLS, Pa.—Chuck Vukotich’s yellow-brick Cape Cod is one of five houses that crowd around a cul-de-sac not quite large enough to make a U-turn.

His parents bought the place in this working-class Pittsburgh suburb in 1961. He paid his mother $55,000 for it in 2016 to keep it in the family after she moved to a nursing home.

The house isn’t for sale, but that isn’t a problem for bargain-hunting real-estate speculators. They call Mr. Vukotich multiple times a week offering to buy it. They fill his mailbox with fliers teasing all-cash deals and quick closings. Mr. Vukotich guesses he has received more than 100 inquiries.

“I don’t mind somebody trying to make a buck, but it’s kind of a pain in the butt,” he said.

Publish : 2021-06-06 12:24:00

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