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61 Comments on The 7 "Wonders" of Buying Bank-Owned Homes.
I just tell them the truth. Same answer for every question: Because they were crackheads.
:)
I wonder about things too, like are they ever going to decide on a house so i can get paid. LOL
Some questions - about color choice, design, condition, are expected. These types of questions are not restricted to REOs. Buyers often wonder about the history of the house. REOs simply take the questions in a new direction. The change is the type of questions. Instead of "Why are they selling?" the questions may be any of those questions posed in the preceding comments. The point is: very few buyers look at a property dispassionately and make a decision based on the merits of the property. (Investors excluded from the preceding generalization.) Decisions to buy are often made on the basis of emotional connections. Asking questions about the history of the property helps the buyer to decide whether that is the right property for them.
I think each property has a story and a spirit of it own and it is kinda fun to know the history of a home.
Liz
So many people tell me they want a fixer upper, until the see one. Some of the really ugly homes do not really need that much work and can be real bargain. Paint and flooring does a lot.
The only real wonder is should they buy this house at x price.
Gabrielle,
You have such a unique, engaging way of writing your posts. No wonder you're featured!
Wonder why they painted the windows black? (Wonder if they were cooking meth?)
Mike in Tucson
GOOD MORNING MIKE! Nice to talk with you yesterday and see you here early this morning! -- Gab
GOOD MORNING MIKE! That question comes up as well! Thanks for stopping by! -- Gabrielle
GOOD MORNING GENE! Very true -- it's all in how you see things! Nice to see you here -- Gabrielle
GOOD MORNING LIZ! I agree - what's that old saying - something like -- if these walls could talk --they would have a great story to tell! -- Gab
GOOD MORNING JOHN!I agree - these questions aren't limited to bank-owned's - the questions are just more entertaining with REOs! Thanks for your comment - it's important for us to remember that Buyers do rely on emotions for decision making and it's out job to help manage it! -- Gabrielle
GOOD MORNING AARON! Making that decision is so hard for so many people! Good luck to you! -- Gab
GOOD MORNING JIM! Nice one! I love it! Thanks for stopping by! -- Gab
GOOD MORNING ELIZABETH! Ha ha! -- Gab
GOOD MORNING JONATHON! That's fierce competition alright! -- Gabrielle
GOOD MORNING ROGER! Great "wonder" questions - thanks for the input! -- Gab
GOOD MORNING ANNA! Nice comment - some homes sure do give Buyers alot to dream about! -- Gab
GOOD MORNING MARK! You bet - getting it at a price that is right! Thanks for the nice input! -- Gabrielle
GOOD MORNING CLEO! Very positive ways to re-direct the wonder questions -- thanks for sharing your thoughts! -- Gab
GOOD MORNING JOE! What a scary question "Where does the chimney go?"! -- Gab
GOOD MORNING LAURA! How wonderful that you can do this for your clients -- nice to see you here -- Gab
GOOD MORNING MIRANDA! Going back to a previous owner is pushing it - some things are better left unsaid! -- Gabrielle
GOOD MORNING RICHARD! Another great question (Why are they moving?) that makes me smile! Nice to see you here -- Gab
GOOD MORNING GAIL! I love your words "Build a new vision"! Thanks for stopping by and taking time to write your comment -- Gab
GOOD MORNING GITA! If Buyers find out about the previous owners it's because a neighbor stopped by during the showing to tell us all about them! -- Gab
GOOD MORNING BILL! Yes and they ask the funniest questions somethings too! -- Gabrielle
GOOD MORNING CHARLIE! Nice to see you here -- and you are welcome! -- Gab
GOOD MORNING MARK! Yes it does - thanks for stopping by -- Gab
GOOD MORNING FERNANDO! Oh yeah - those tend to leave you "question-less"! -- Gab
GOOD MORNING CHAD! I agree! Thanks for stopping by and taking time to write your thoughts! -- Gab
GOOD MORNING LAURA! Very well said - it's just a process many need to go through! -- Gab
Alas, Gabrielle, I was one of those buyers with tons of questions when I purchased my first home years ago. Now that I know what goes on on the other side of the table, I cringe when I think of my behavior. :-)
Wow, Gabrielle. Congrats on the feature and the tons of responses. I'm now wondering about your next post!
I WONDERwhy in the world did the owner plant that IVY all over the yard and why all those trees. This is not a forest!! or is it. And I wonder WHY ME?
Wonder where are all those Luxury properties that require little of no work and comes with a large sales price?
Wonder when the gates are really going to open?
WONDERful post!
Since I list HUD owned properties it seems I live in some of these neglected homes. The one big questions I get is, "How long has the property been empty." My response is that if it is very important "we can ask an neighbor, they will usually know the history of the house." I have never had someone say, "let's go ask."
Great post! Sometimes there's just no telling what people are thinking when they do what they do...often it just boggles the mind.
Gabrielle, I hear those same questions when showing not bank owned homes.lol Like they think we have the answer. I think if most were showing their homes they may be a few as to why questions also. Rosemary Brooks was funny "Why Me?" Being who we are and different is what makes this business great. If we all liked the same things we would all want the same house, spouse, car, etc. Now that would be a challenge.
Good points Gabrielle....you never know with properties these days!!
Best, Dan
Gabrielle. I often get caught wondering these things when I should be crunching the numbers or talking to my client.
Love the headline! I think that people are just curious while they are saying stupid things! I often feel like saying, who cares about the tire in the refrigerator, is the kitchen size large enough? Who cares who lived here? Wolves that raised humans obviously.
Yes, many people and even myself wonder what some of these home owners were thinking...many times I don't think they were thinking. I've seen some weird stuff in my time showing REO's. It's just part of the fun I guess :)
Best question I ever heard was: " How did they get that 10 foot around tree stump and all it's roots in the door and wonder what they were using it for in the living room??? "
Regards,
Kenneth