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A picture says a thousand words, especially if you read between the lines--updated

By
Real Estate Broker/Owner with Robin Rogers, Silverbridge Realty, San Antonio, Texas 398351

I ran across this listing while hunting for a home one of my clients might want to buy and remodel. She has done an excellent job with her other projects, what I call slow flips, and is ready to start on another one. First I check out the obvious foreclosures and distress properties, but there is starting to be a lot of competition for the good ones. It takes a lot of research and trolling through listings on my part to come up with a short list of homes to look at. Only a few make the cut: those that home buyers would shy away from in horror, but that have good bones and need to be repaired, cleaned up, and updated.

This home might just be one to consider. It has been on the market since November 2009 with this particular listing agent.

[ Placeholder where a photo of a house was originally shown in my post. The photo has a date stamp of June 1, 2003, and the copyright notice of the San Antonio Board of Realtors from 2009 that is automatically put on photos uploaded to the multiple listing service. I read through the copyright rules of the MLS, of which I am a member, and was still not able to figure out whether I can display a photo in a blog post, although it is clearly marked with their copyright, and I am obviously not claiming it is of one of my listings. Some people commented that they felt I should not have included the photo, so I have removed it. ]

Anyway, I was trying to make a point in my post that I thought the photo would achieve more quickly than words. The photo is the same one that was used in a previous listing of this house in 2007 (by a different listing agent, and before the automatic MLS copyright stamp) and the property has been listed for sale and rent by even more listing agents since then. For some reason, the current listing agent has not driven by to take an updated photo of the house. There are three other photos, another exterior shot and a shot of a hallway and a bedroom, all from 2003.

To me, this indicates that the house is a possible candidate for remodeling and flipping, since most home buyers are going to skip right over a home that they can't even see recent photos of. If there are no photos from the last 6 years, then the house might be pretty scary inside. This is the kind of thing I look for by reading between the lines when I research properties on the MLS.

So what do you think? Should I schedule a showing?

Posted by

 

Robin Rogers, REALTOR, Broker-owner, TRC, MRP, CRS

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Cherry Wings Realty
Cherry Wings Realty - Traverse City, MI
Your Traverse City Michigan Realtor

Robin:

it looks like a great home from the outside for someone to re-do and spruce up on the inside and turn around and re-sell.  I say go for it.  Nothing ventured, nothing gained.

Mar 14, 2010 12:40 AM
J. Philip Faranda
Howard Hanna Rand Realty - Yorktown Heights, NY
Associate Broker / Office Manager

LOL- Wow. Since it's a 7-year old photo I'd drive by first. Just saying...

Mar 14, 2010 12:42 AM
Robert Foster
United Country-Michigan Outdoor Properties - Northern Office - Wolverine, MI

I would have to see more pictures.    1)  Do not like large trees so close to the house, disaster waiting to happen.    2)   Looks like the Garage is bowed out.     3)  Most important, I would need to see current pictures.   June of 2003 when picture was taken -- big red flag.

 

Good luck in your house hunting.

Mar 14, 2010 12:44 AM
Michael J. O'Connor
Diamond Ridge Realty - Corona, CA
Eastvale - 951-847-4883

I'd love to see you do a follow-up and post a photo of this property from this decade.  But you may need to reconsider the entire post as the photo you posted is claimed by Copyright by the San Antonio Board of REALTORS....

Mar 14, 2010 05:29 AM
Debi Boucher
Real Estate Showcase Photography - Woodland Park, CO
"Realtor Showcase" - Real Estate Photography/Virtual Tours

Yes, a driveby would be a good idea - and Michael is right about the copyright, one of the first things I noticed, too...

Debi

Mar 14, 2010 07:00 AM
Liz Gallagher
LG Home Harmony - Home Stagers & Organizers - Montreal, QC
Montreal Quebec RESA member

I like the mature trees on the lot. As the other suggest ... do a drive by and get a feel for it.

Hope it's better than we all think.

 

 

Mar 14, 2010 09:14 AM
Robin Rogers
Robin Rogers, Silverbridge Realty, San Antonio, Texas - San Antonio, TX
CRS, TRC, MRP - Real Estate Investment Adviser

I will keep you guys posted. The more of the listing history I look at on the MLS, the more of a mystery this house is!

The agent advises that the tenants can't be disturbed--but listed the local showing service as the contact. Curiouser and curiouser.

Mar 14, 2010 09:48 AM
Deena Cottingham
GreenApple Staging & Images, Calgary Staging & Photography - Calgary, AB
Home Stager & Photographer

Good sleuthing, Robin. I think others are right in advising a drive by.

BTW, I think you are wise not to use the photo. In fact, legally, no one can use the photo except the original agent or the photographer who took the picture.

Mar 15, 2010 03:56 AM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I agree with your thought process. I found a nice property for my Clients one time, but I've learned to always preview. The property looked nothing like the photos. Apparently the photos were from about five years ago when the property was renovated and flipped. The current owners/tenants/whomever had pretty well trashed it.

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Mar 27, 2010 04:06 PM
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

Back when I was a Realtor in Houston many decades ago, I used to love to preview properties. I've noticed out here that few Realtors do.

Apr 06, 2010 04:49 AM
Robin Rogers
Robin Rogers, Silverbridge Realty, San Antonio, Texas - San Antonio, TX
CRS, TRC, MRP - Real Estate Investment Adviser

I love previewing properties, too, Russel. But lately I have been so busy, that I end up previewing with clients--called showing! :)

Apr 11, 2010 01:37 AM