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Why REO's can be a huge Bug-a-Boo; emphasis on the Bug(s)!

By
Real Estate Agent with Andrew Arroyo Real Estate - Lic#01187872 CALBRE#01187872

I got a call to show one of our REO listings in Lakeside, CA, about 40 minutes from my home office in Encinitas.  While, my brokerage has had the listing nearly 80 days, other than a few nicely cropped photos, I've never seen it. I made sure I had plenty of time to find the property and arrive before my appointment with the gentleman who was pre-approved for a conventional loan, interested in working only with the listing brokerages of the homes he was previewing.

Guided by my IPhone GPS, I navigated the cracked and curvy concrete road upward toward the hidden cliffside property, until I saw a sign: TURNKEY HOMES AND LOAN with a BANK OWNED rider a top, posted next to a vanishing driveway.  I parked my car and got out to see how steep the grade actually was, as it seemingly fell off the side of the hill.  It was as steep a grade as I've ever driven.  Even in San Francisco!   Due of the elevation and positioning of the lot, it provided amazing panoramic views of the surrounding hills, a small pond, a lake and a distant golf course below.  Did the view compensate for the ridiculously steep driveway framed by overgrown weeds and an unattractive chain link fence?  Perhaps the photos of the interior were as they seemed, and all would be worth the drive.  

I walked around the house, located the front door, and accessed the key just like I've done hundreds of times before.  But, unlike hundreds of times before, I was about to have one of those "first" experiences I could have done without.  As I slowly pushed the door open in curious anticipation and stepped onto the threshold, it happened!  Hundreds of pincher-bugs (earwigs) rained down upon me like a dark slimy storm of nasty creepy-crawlers.  Seems they had nested within the door itself. No, I didn't scream like a little girl on her first roller coaster ride, but I did belt out a potty word or two as I quickly stepped in to discover the vastness of these unexpected trespassers.  So much for being vacant...

The clients hadn't yet arrived when I started shoveling the multitude of tiny pinching invaders out the front door with the only thing I had - a listing stapled to some comps.  I maintained a fairly hurried pace until I heard the clients approaching.  Wrongly, I thought that I had gotten most of them out the door, when two young men, a young woman and the client's mother arrived.  That's when the younger woman shrieked!  Not only were the pincher-bugs on the steps leading into the property I just evicted, there were hundreds crawling over the front door and into the house. As I looked up, I saw armies more heading towards the vaulted ceilings.

While, the younger buyer enjoyed the incredible view (past the bugs), his mother felt that the driveway was much too steep. and the house showed a little darker than she had hoped.

 

 

 

Posted by

Robert Sizer, REALTOR®

Real Estate investments, Marketing & Sales

Andrew Arroyo Real Estate

1020 Prospect Ave Ste. 350

La Jolla, CA 92037

Cell: (760) 519.8436

Fax: (760) 494.5304

Search All San Diego Homes FOR SALE

CA DRE LIC # 01187872

Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Hi Robert~  Don't you just hate it when that happens? Sometimes those vacant homes are not truly vacant! I hate bugs as it is, so it wouldn't have been a good experience for me either!  It could have been worse, it could have been fleas! 

Jun 13, 2010 07:27 AM
Anusha Paramesvaran
Anusha & Associates - Keller Williams Realty - Palmdale, CA
​Purpose.....Passion.....Possibilities!!!

Hi Robert....I completely understand what you are saying....Ive been in a very similar situation myself.....Here in the Antelope valley its get very very hot in the summer....I took my clients to a REO property listed in Palmdale back in August last year when it was about 110 degrees....A beautiful home from the pictures posted in the MLS.  I opened the door and walked in..it rained coachroaches on me...hundreds of them!! I literally freaked out and scared my buyers half to death! The husband ran back to the car, because he had no idea what was going on, he just saw this crazy real estate agent lady doing a crazy dance and screaming!!

From then on, I push the door open with my foot first and then walk in.  I guess in todays market, these things are gong to happen.  We have been warned now that summer is here to keep our eyes open for snakes.  GREAT!!!!!!!! 

But you know what...I still love my profession!!

Jun 13, 2010 07:44 AM
Beyonca Clark
Century21 New Millennium - Lusby, MD

@Anusha, will you would have been better than me, I would have beaten the husband to the car.  I am not a fan of any of that. I recently walked through a beautiful waterfront property, until you get inside. It had been abandoned to the point that the refrigerator had VISIBLE wholes on the outside of it and smelled like food not only rotted but took on a third life.  As we entered the property further, I realized rest of the house had been in just as bad condition and I immediately was frightened by the thought there had to be rodents inside... I proceeded throughout the whole property, focusing mainly on the floors expecting to see droppings or things scurrying and I was ready to flee...QUICKLY!  So I guess the lesson learned here is to take even more advanced time to check out abandoned REO's prior to meeting the client there, but it doesn't seem that it would have made a difference even with my time on the property on your own. Thanks for sharing.

Jun 14, 2010 11:56 PM