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139 Comments on The Good, The Bad & the Very Ugly...
Hi Michael,
I've seen some like this and it's not always easy to look past, especially when there are many others out there that are great deals still but much easier to make pretty!
It looks great. Is it still for sale. I want to make an offer.
Sad to see a house get into this situation. I have seen homes that were not "foreclosures" that were in sorry state. Luckily my kids rooms are not that bad (however, close sometimes).
We see it daily on our side and we have just gotten used to it and it has become the norm in our market. Can't wait to see the turn around.
We see it daily on our side and we have just gotten used to it and it has become the norm in our market. Can't wait to see the turn around.
It is sad to see propperties like this but as an investor, I look at it as an opportunity for renewal. To take something discarded and make it a happy home again. My husband and I love love making the ugly duckling the swan of the street, and we like that we can make some money in the process as well.
Dear Michael,
The neighbors usually like it, when the home finally sells, regardless of for how little, because the deterioration is halted and the property brought back up to snuff. The most difficult fix is the smells. You need to remove all soft surfaces and do some detective work on where stuff is coming from to find all the aroma sources. Not pretty, but it can be done.
Yuk!
Karen Bishop RE/MAX NORTH ~ WWW.WESTERNNEWYORKHOMES.NET
I recently listed one worse than the above photos, and got it under contract in 2 days. As is. Not foreclosure, not short sale. Owner just didn't take care of things.
There is a price for everything...
I wonder if I am the only agent in the world that thinks real estate is not all that tough. Compared to building the home, remodeling, or worse doing the trashout, what we do is a breeze in my mind. sure there are tough deals here and there, takes a little more work to get closed, a little more counseling of the buyer or seller to get it done, a little more negotiating, maybe a house with a bad smell (but really its not like we are in there for more than a few minutes, although more time for the home inspector), but is it really that tough. maybe we are thinking of tough differently. when i think of tough, i think of manually intensive labor, living by a time clock, answering to someone else all of the time, everyday of your life. this for the most part mental thing that we do comes easy to me. Im not an emotional person by nature so I'm sure that helps.
stay away from bottom of the market properties and your job will get easier!
Is there anyone else out there that feels like I do? There are far tougher things that we could be doing and get paid far less for doing them.
Great Post! Thank goodness we can't smell these photos:) Funny thing is, depending on the location of course, all I can see is opportunity and possibilities:)!
Yes we've all seen them and we wonder "How can this happen?" But I'm following Candy and she says she "can see the opportunity and possibilities" and that's what we must do THEN we can sell it. Margaret C
Shocking isn't it? I remember one of the first properties I showed as a new agent. I called the listing agent to ask him the combo to the lockbox and he gave it to me, then hesitated, and said "be sure to wear close-toed shoes". THAT was a great piece of advice, believe me! There were piles of "junk" on the floor, every square inch of it, about 3-4 feet high. It was a maze to walk through. There were several meals on the stove, and they had been there for several months. The back yard was a junk-man's dream...old toilets, waterheaters, washing machines, you name it! A few old cars were stuffed around, too. Amazing, isn't it?
Great use of the QR codes! Its the first time Ive seen someone use it in our industry. Oh, and great post :)
I'm always amazed at the way some people choose to live. I own rental property. I've seen some bad stuff. Living in filth is a choice, it has little to do with money.
I have been doing REOs for over 20 years... I am never surprised and what I find anymore...
Actually, one of my companies that I own is a restoration company called Executive Restoration out of Charlotte North
Carolina and we have been keeping busy fixing up homes for the banks to get back on the market.
Let us know if we can help or your client by checking out
www.executiverestoration.com
www.snellexperts.com
It's sad when you remember a house from years past when it was 'a real home', then you see it in disrepair - and with kids involved... you know their childhood was not the best...nothing we can do except do our job & get the house sold...
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