Abandoned Home in Eugene, OrgonI drive by this home regularly on my way to and from my office.  It's on a corner next to a convenience market and across the street from a French language immersion elementary school.  It's just a few miles from the small city's downtown district and a university.

  • If you were an investor, would you see an eyesore or an opportunity?  What criteria would you use for your evaluation?

If you were a home inspector, what would you be be especially alert for while performing the inspection?

If you're a Realtor, how would you help the owner to sell this property?

 
Posted by Rick Obst on 08/21/2012 08:54 PM   Comments (4)   Curb Appeal in the ActiveRain Channel   selling an abandoned home, investing in an abandoned home  
Short URL: http://actvra.in/GG4
Post is included in group: Real Estate in Eugene & Lane County, Oregon

4 Comments on How Would You Sell This Home? Opportunity or Eyesore?

AUG
21
395,891 Points 5 Featured Posts Outside Blog Attended Rain Camp

It looks like a tear down, so the only opportunity I see is how much is the lot worth?
8:58pm • #1
107,431 Points 4 Featured Posts Outside Blog

Wow...that's a tough sell.  It appears that the home has probably been vacant, and distressed for quite some time.  With that said, the seller most likely does not have any liens on the property and/or is an absentee owner.  I would market the property as cash only, for the value of the land (assuming that the exterior is an indicator of the interior's condition).  Definatley it would be marketed as "investors dream"
8:58pm • #2
392,467 Points Outside Blog

As a builder, one needs more information than a distant photo. Assuming the structure and roof are sound it perhaps is repairable. The structure and roof look sound.
9:41pm • #3
AUG
22
711,530 Points 8 Featured Posts Outside Blog Called Shot Master

Gary, Lanise, and Winston - Thank you for reading and commenting on this post.  The house has been vacant for well over a year.  It was boarded up this summer.  Someone is keeping the grass from getting too tall over the summer.  I haven't seen the inside, but assume that repairs can be made to make it habitable.

The home sits on a corner on a busy residential intersection.  There's an elementary school across the street.  The lot is adjacent to a convenience store and bakery, with a small apartment complex behind the store.  An investor might investigate the possibility of a zoning change to light commercial.  The value is probably in the land and location.  I haven't checked ownership records to find out if it's a foreclosure.
6:35am • #4


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