Lately it seems, while out showing bank-owned properties, many that are still in "dare we enter" condition, Buyers tend to ask many of the same questions:

Wonder why they put a wall here?

Wonder what they were thinking when they picked that color?

Wonder why they painted the windows black?

Wonder why there is a brick wall behind this door?

Wonder if they got a permit?

Wonder where they had the stove?

Wonder why they lost the home?

Who knows why they did what they did!

For some reason - many people feel it's important to know the story of a home. It's fine for clients to explore and let their imagination go about what a house looked like pre-bank-owned. For many, it seems to allow for the emotional connection needed to move to the next step of "saving the home" from it's current condition and making it their own.

At the same time, it's important for us to help Buyers find a balance between wondering about what a home was, might have been, or  who the previous owners were and moving them toward wondering more about the true condition, the potential and vision of their family making that house a home. 

Gabrielle (Kamahele) Rhind - 2009. If you want to reprint parts of this - just email me for my permission rhindohana@msn.com. Buying or selling Tucson Arizona Real Estate? Click info@gabriellerhind.com and let me know how I can help you! Or visit www.BuyMyTucsonHome.com.

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com!

                                     

 

This blog is written with my opinions and my opinions are presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2011. If you want to reprint parts of this - just email me for my permission:TucsonsRealEstate@gmail.com.

 
Post is included in group: LATE NIGHT - EARLY MORNING AT ACTIVERAIN

61 Comments on The 7 "Wonders" of Buying Bank-Owned Homes.

20 Most Recent Comments Displayed Show All

JUN
02
2009
982,961 Points 106 Featured Posts Localism Sponsor Outside Blog

I just tell them the truth. Same answer for every question: Because they were crackheads.

:)

sacramento agent

6:40pm • #43
172,028 Points 1 Featured Post
Hello Gabrielle. Great topic and posting. Isn't there a saying that goes something like... Some people make things happen... Some people watch things happen... Some people wonder what happened.
9:18pm • #44
107,769 Points Outside Blog

I wonder about things too, like are they ever going to decide on a house so i can get paid. LOL

10:03pm • #45
264,357 Points 3 Featured Posts Outside Blog Attended Rain Camp

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.

10:30pm • #46

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

10:38pm • #47
1,022,995 Points 15 Featured Posts Localism Sponsor Outside Blog Called Shot Master

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.

11:05pm • #48
127,709 Points

The only real wonder is should they buy this house at x price.

11:59pm • #49
JUN
03
2009
712,458 Points 118 Featured Posts Localism Sponsor Outside Blog Called Shot Master

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

4:44am • #50
589,023 Points 99 Featured Posts Outside Blog Called Shot Master

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 

6:42am • #51
150,949 Points 2 Featured Posts

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. :-)

6:54am • #52
1,388,180 Points 27 Featured Posts Hit Router Called Shot Master

Wow, Gabrielle.  Congrats on the feature and the tons of responses.  I'm now wondering about your next post!

7:27am • #53
559,330 Points 12 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

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!

7:57am • #54

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."

8:20am • #55

Great post!   Sometimes there's just no telling what people are thinking when they do what they do...often it just boggles the mind.

9:13am • #56
136,588 Points 2 Featured Posts

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.

4:19pm • #57

Good points Gabrielle....you never know with properties these days!!

Best, Dan

5:07pm • #58
JUN
04
2009
196,726 Points 1 Featured Post Localism Sponsor Outside Blog

Gabrielle. I often get caught wondering these things when I should be crunching the numbers or talking to my client.

1:10am • #59
699,772 Points 39 Featured Posts Outside Blog Called Shot Master

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.

12:33pm • #60
JUN
09
2009
328,510 Points Hit Router

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 :)

12:17pm • #61
JUN
13
2009

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

12:09pm • #62

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Gabrielle Kamahele Rhind, Broker/Owner

Tucson, AZ

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KGC Properties LLC, Tucson Property Management & Real Estate

Address: PO Box 18621, Tucson, AZ, 85731

Office Phone: (520) 245-0242

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