Recently I was showing a foreclosed property and found the only thing left in the stripped property was this chalkboard mounted in the basement. The message "It was fun" struck a chord with me.

It was fun!How many times have you asked yourself, "I wonder where the past owner went". Wonder what happened to the people who used to call this house a home? Where are the children who used to swing on the swing set out back? Where did the children end up? Where are their friends and loved ones? Are they managing better now than when they lost the house to foreclosure? Where they "tricked" into a mortgage they didn't understand? Did the interest rate on their creative mortgage spike up? Did they simply over buy, or was it a job loss?

Why did the past owner steal the kitchen cabinets knobs? Where are the kitchen cabinets & countertops? Why where the only remaining items in the kitchen the built in dishwasher and stand alone range? Where are the interior door knobs? Why did they remove the light fixtures and toilets? Why was the electric panel cut out? Why did they leave the property in disarray? Did the basement always flood, or is this a new phenomenon?

Who was the painter who painted this interior so poorly? And what about the bright purple painted bedroom? Whose idea was that anyways? Was it little Ashley's? Where are the closet doors? What happened to the furnace? What happened to the hot water heater and copper pipes? What's that smell? Why did the family pet urinate on that wall plug?

According to our recent MLS statistics, nearly 50% of our sales last quarter were foreclosures. The foreclosure market has prompted me to ponder many new questions, most without an answer. Will we ever have an answer?

When will the market "Get back to normal"? What do you tell your buyer when asked? I have been selling real estate in southeast Michigan for nearly 18 years. Now more than ever I find myself asking these series of questions.

I have heard that all real estate is local. Is it just me, or is your real estate market the same?

 
This post has been included in Michigan Information Macomb County, MI Information
Post is included in group: Michigan Realtors
Post is included in group: Michigan Real Estate
Post is included in group: Macomb County Michigan REALTORS®

7 Comments on What happened to the people who used to live here?

JUL
07
5 Featured Posts

We are seeing changes already here in Florida....buyers are realizing it's a great time to buy.  Keep on "swimming", and hopefully, it will reach you sooner than later.

7:35am • #2

I deal with these things the same way I used to deal with all the loss and ruin that I had to help people cope with during my service to the American Red Cross Disaster Response Team...

I don't focus on what IS, I focus on what will BE!

The home will be a "home" again, but will have new residents. 

The home will be a "home" again with a new coat of paint all new colors.

The home will provide new dreams and realizations in this new "home".

This home will provide shelter and a sense of belonging to a new generation!

I always said I would not buy a foreclosed home because I didn't want to be the one to take away their home - that was before I was involved with real estate and developed a bit of an understanding of the process.

But I must focus on what will BE...Not on what WAS!  Or how would I function in the field of RE?

 

7:35am • #3
196,073 Points 12 Featured Posts Outside Blog

WOW so many questions. It is sad the familes that face foreclosure. Especially one that, if the chalk board is accurate, had been in that house for sooooo long. 19 years? I pray these people can pull together and get over this hump, because some never do.

8:08am • #4
144,525 Points 4 Featured Posts Localism Sponsor Outside Blog Hit Router

I too have often wondered about the people, children and pets.  "It was fun" - a nice ending to a sad story.

I think that we may see some relief for a short period, until the 5 year ARMS become due, then it will possibly be even worse.

8:11am • #5
255,744 Points 44 Featured Posts Outside Blog

I viewed one last week that made me want to cry.  Stepped outside onto the deck, saw the swingset and sandbox, and one lonely little Tonka dump truck.  I could almost hear the little ones playing..

8:28am • #6
451,006 Points Outside Blog

I know this may sound strange..but that is what I told my husband..when I am in a home that was foreclosed on...I can feel the presence of the previous owners..

8:54am • #7
523,367 Points 52 Featured Posts Localism Sponsor Outside Blog

Seriously it is sad and I do wish the walls could talk sometimes.  Like Konnie you can sometimes even feel negative energy or a "presence".  It's creepy!

11:30am • #8

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

David Elya ABR, e-PRO, GRI - Broker Owner

Shelby Township, MI

More about me…

WEICHERT, REALTORS® - Excel

Address: 47699 Van Dyke, Shelby Township, MI, 48317

Office Phone: (586) 323-7000

Cell Phone: (586) 286-3283

Email Me

Read the premiere Macomb County Michigan blog. David Elya is the full-time Broker Owner of WEICHERT, REALTORS® - Excel in Shelby Township, Michigan. David is a licensed builder, specializing in single family, new construction, multi-family, condominium and vacant land in Macomb County, Michigan.


Links

Archives

RSS 2.0 Feed for this blog

Find MI real estate agents and Shelby Township real estate on ActiveRain.