My last showing appointment last night, was with one of our investors who purchases rental property for us to manage. 
He was so excited about this single family home because it passed every item on his check list:
- It was the "RICE" Price - ONLY $39,900.00!!
- It was the "RICE" Size (3 bdrm 1 & 1/2 Ba)
- It was the "RICE" Location (quiet)
- It was the "RICE" Type (all brick)
With flashlight in hand, my client had arrived 30 minutes EARLY in his eagerness to case out the neighborhood, visibly inspect the roof, and walk around rear of the vacant potential investment.
We have gone on such appointments in the past, and have found some short sales and pre-foreclosures to be undesirable, but THIS ONE WAS DIFFERENT!!! (So he thought!)
Our eyes are continually on the outlook, for we know that in some areas it's an INVESTORS FLEA MARKET, AND BUYERS CAN RACK UP!!
Upon opening the door, we were both surprised to see the electricity on! Good! We then noticed the beautiful hardwood floors!
So far so good!!! Now, I KNEW in my mind this deal looked too good to be true... so, obviously there had to be SOMETHING wrong....
My thoughts went to an earlier transaction done with the SAME investor, who has a "gift" for locating some of these diamonds in the rough. Could THIS be one of them?
Here w
e go... this nose of mine detected that familiar water smell.....!! Sure enough, we looked up and there it was.. the beautifully textured ceiling was dotted with circlets of grey!! Upon quickly surveying the home, we discovered infiltration of moisture that bred spores of .... MOLD!!!!!
Let's get OUT of here, "i said!" I want us BOTH to be around to enjoy many business transactions in the future! Mold like this needs to be DISCLOSED prior to permission for access!! It's a detriment to the health of the Realtor and the client!
I was EXPOSED and INAPPROPRIATELY DRESSED!!!! - If you are an agent of investors seeking a deal....don't let this happen to you... From now on, i will be dressed for the occasion and so should you!
"Where the RIGHT Price is the RICE Price!"
Rice Property Management & Realty, located in South Holland, Illinois, has agents that work with first time and experienced investors desirous of obtaining single family homes as rental property.
(Images courtesy of Bing)
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Hey, is that the guy from the end of ET?