Home > Blogs > Bryant Tutas > Broker Bryant's Real Estate Ramblings

One person's paradise becomes another person's hell.

By Bryant Tutas

Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

February 12, 2010 07:36 AM

Hi Folks. I went out last week and did a photo shoot for a property I sold back in late 2005. It sold for $170,000. Now it's a pre-foreclosure Short Sale and will be going on the market for around $50,000.

When I first listed this property back in 2005 the owners were so proud of it. It was their little peice of paradise and it was in immaculate condition. It was purchased by an Investor in September of 2005 By early 2006 the market had crashed and this house has sat empty ever since.

The difference between what it looked like then and what it looks like now is striking. Sad.

What does it say about a real estate market when I won't even place my sign in the yard?

Before

After

Before after

Before After

Before after

Before After

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

Re-Blog

Comments(52)

Comment

Show All Comments

Sort:

Jon Zolsky, Daytona Beach, FL

Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL

Buy Daytona condos for heavenly good prices

Bryant,

The most striking thing is .. that it is not striking. It became so common, and so many agents could have shown similar pictures. Unfortunately...

Feb 13, 2010 06:46 AM

Vicki Pedersen

Pedersen Real Estate - Riverside, CA

Providing Exceptional Real Estate Service

How very sad and it is similar to what many of us see too often. I second the idea that these photos should go to the bank and the politians (though I don't think either cares).

Feb 13, 2010 10:42 AM

Jimmy Williams

Keller Williams Elite Partners IV - Mount Dora, FL

Lake and Western Orange County Real Estate Expert!

A photo say's it all, amazing. Such a beautiful place--but looks like a little TLC by the right buyer and the neighbors will be proud of their community again.

Feb 13, 2010 12:28 PM

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Hi BB! OMG, that is NOT the kind of before-and-after shots that you like to see, is it? I'm sure the interior was even worse. A house NEEDS someone to love it; what a striking difference when someone doesn't.

Feb 13, 2010 02:09 PM

John Cannata

214-728-0449 http://TexasLoanGuy.com - Frisco, TX

Texas Home Mortgage - Purchase or Refinance

Okay... now that I have picked my jaw off of the ground, I can type a response. That is really shocking. I wonder if this was a Rental for a little while before it was placed in foreclosure. I have seen quite a few rentals go down the tubes and I'm really shocked at the big difference after only 5 years.

Feb 13, 2010 02:12 PM

Nathan Tutas

Tutas Towne Realty, Inc. - Davenport, FL

Your Central Florida Real Estate Expert

An hour a week would have made a drastic difference. Now it looks like the home the creepy old lady lives in in the movies. LOL

Feb 13, 2010 03:40 PM

Randy L. Prothero

eXp Realty - Hollister, MO

Missouri REALTOR, (808) 384-5645

$50,000 you can buy a nice parking stall here for that.

Feb 13, 2010 06:11 PM

Cheryl Johnson

Highland Park, CA

Yes, sad. And you know what other thought fluttered through my mind? Comparing that property owner's bank statements or credit score side-by-side then-and-now would probably be equally heartbreaking. Sigh.

Feb 14, 2010 02:36 AM

Stephen Kappre

KW Hometown - Mantua, NJ

Helping You Home

So sad. I bet those previous owners would be crying seeing this. What a shame.

Feb 14, 2010 01:37 PM

Yvette Chisholm

Long & Foster Real Estate, Inc. - Rockville, MD

Associate Broker - Rockville, MD 301-758-9500

BB, I referenced this post in one of my posts and I hope I did it right! Loved this post, and wanted to illustrate that people can really trash a house.

Feb 15, 2010 02:02 AM

Elizabeth Bolton

RE/MAX Destiny Real Estate Cambridge, MA - Cambridge, MA

Cambridge MA Realtor

I've often been amazed by how quickly a property can go to pot. This photo essay though tells it like no words can. The difference is remarkable. I actually think it's a great marketing tool - it's very possible to get that house back up to snuff for a lot less than $100K.

Feb 15, 2010 02:56 AM

Bryant Tutas

Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL

Selling Florida one home at a time

These pictures really do illustrate our current market don't they? I have another photo shoot that I'm going to post tlater this week that will make this place look great. Who knew real estate could be so depressing?

Feb 15, 2010 11:42 AM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

BB - pretty telling photos. I have seen so many homes that clearly were wonderful jsut a few years ago and now are castoffs. It's very sad. And depressing for the neighbors, no doubt.

Jeff

Feb 15, 2010 02:09 PM

Jackie Connelly-Fornuff

Douglas Elliman Real Estate in Babylon NY - Babylon, NY

"Moving at The Speed of YOU!"

That is so sad and it's the sign of the times right now. I'm sure the neighbors are not happy about it.

Feb 15, 2010 06:34 PM

Paddy (Patricia) Pizappi

Better Homes and Gardens Rand Realty - Pine Bush, NY

Real Estate Associate Broker Hudson Valley NY

Graphic illustration of the depression and despair that happens as a home heads into foreclosure.

Feb 15, 2010 09:07 PM

Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Wow that is amazing and just a crying shame. I am just stunned looking at the photos (:

Feb 15, 2010 10:38 PM

Gary L. Waters Broker Associate, Bucci Realty

Bucci Realty, Inc. - Melbourne, FL

Eighteen Years Experience in Brevard County

What some changes! It is all too common. I have seen photos from the MLS when I have done BPOs later and the changes are dramatic - and sad!

Feb 15, 2010 11:07 PM

Robert Schwabe

Herron Real Estate - Orange Park, FL

Orange Park Real Estate

BB - I see that happening here in North Florida every day. It's sad to see a property just go down like that. Hopefully the next person that buys it will see the little piece of paradise that it could become again and fix it up.

Feb 16, 2010 01:16 AM

Sharon Filbig

Prudential California Realty - Escondido, CA

San Diego County Real Estate

I was driving by some properties today with this same scenario. Formerly beautiful homes that now sit sadly and silently, waiting for things to get better. Then I got back in to the office and coincidentally I saw this post.

Feb 22, 2010 11:17 AM

Robert The Earl of Real Estate

St Pete LUXE Living Group - Saint Petersburg, FL

The Earl of Real Estate

Wow - That really paints a grim picture. Seeing the same thing in Herndon and Sterling Virginia all the time.

Feb 27, 2010 11:11 AM

Comments(52)

Bryant Tutas

Real Estate Resources