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This is NOT a Drive By!

By
Real Estate Broker/Owner with Grants Pass, OR 199909023

This is NOT a Drive By - TrainThis is NOT a Drive By!  How many times have you told your clients to drive-by a listing to see if they like the neighborhood?  Only to find that the home falls short of expectation because it's plagued with deferred maintenance and a host of other issues. 

Recently, one of my clients (who lives out of the area) asked me to check out an REO home they saw on the MLS.  It was late in the day, raining, and just about dark when I arrived at the home.  I didn't want to go inside a dark vacant house alone, so I decided to walk the perimeter of the property to check things out. 

By all appearances, the MLS pics looked great, the price was right, and the neighborhood was coveted.  So far, the home looked like a shiny red candied apple ready to be eaten. But... upon closer inspection, I discovered the backyard pool and deck were ready to slide down a very steep hillside (ugh... no mention of that on the MLS).  

When something looks to good to be true... it almost always is.  So much time is wasted spinning our wheels looking at homes that end up being a disappointment because of lack of care and pride of ownership.  Perhaps this could be avoided if a true and accurate picture of the home is presented in the marketing remarks on the MLS. 

It's our duty to set the tone for realistic expectations, both for the Seller who is listing their home, and for the Buyer's Agent and Buyer who read our marketing remarks.  Telling the truth upfront can certainly prepare one's expectation and perhaps minimize the level of disappointment one might feel after being misled (or do we call that fibbing with fluff?).  Who's driving the car anyway?    

As for drive bys... who doesn't get giddy at the prospect of a shiny red candied apple?  The key to getting someone to take a bite is to offer them curbside appeal, a welcoming front door, a warm and inviting interior and something of substance inside and out.  Set the stage for a razzle dazzle experience and they'll leave feeling satisfied and magically delicious!  The rest can be left to the real estate gods!      

Listen to this catchy tune... and you'll never think of another drive by in the same light!

Posted by

Mel Peterson

 Melinda Peterson, ABR, CRS

 Oregon Principal Broker

 Real Estate Cafe LLC

 541-659-1620

 TheOregonDream.com

 

 

Discover Central and Southern Oregon 

John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Mel  We should have a scale for rating properties (1-10 or A-F) and leave it in Notes on the Listing Info.  Great blog and enjoy the day!

Jan 04, 2013 02:05 AM
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in Real Estate & German, M.A. ABR ASP CIPS
Where's the "like" button again? I could not agree more, Mel! Looking through listings online one (me included) can get excited about listings. More often than not, however, those have shortcomings and excitement turns into disappointment.
Jan 04, 2013 03:53 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Yes indeed. The outside of a house sets expectations. You can't change location, but bou can do the best with what you have.

Jan 04, 2013 05:25 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Very true, Mel, but the opposite is also sometimes true - the house sometimes is nicer than the drive by would suggest. Problem solved if a professional photographer is hired, often, but I've been pleasantly surprised once or twice.

Jan 04, 2013 06:04 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mel,

Good post, and I love the tune...I remember when the appraisers during the height of folly were doing drive by appraisals.  LOL A

Jan 04, 2013 07:31 AM
Melinda (Mel) Peterson
Grants Pass, OR - Bend, OR
The Savvy Broker - ABR, CRS

There are definitely inherent issues with REO properties... Bill.  For starters... the utilities being off during showings is not a fun prospect in winter... especially in the Pacific Northwest.

What a novel idea... John!  And simple too... I like it ;)

I hear ya... Andrea!  It's just a waste of time and resources to be chasing a dog's tail... especially one that's wagging every which way ;)))

Jan 04, 2013 07:33 AM
Melinda (Mel) Peterson
Grants Pass, OR - Bend, OR
The Savvy Broker - ABR, CRS

Spiffy inside and out... comes to mind Jane ;)  Presentation seems to be lacking in many of the homes that are listed for sale in our area.

So true... Wayne & Jean! And that's the kind of pleasant surprise we would welcome ;)))

Ha... I remember that too Alexandra!  We miss a lot by not checking out the interior... it's like buying a car without a test drive ;)  I like the song too!

Jan 04, 2013 07:34 AM
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Here, you can almost guarantee, Mel, that if it says "Move In Ready," it means a lot of work :)))))  Hope you're doing well.

Jan 04, 2013 08:24 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I totally agree and I'd always rather potential buyers and their agents being pleasantly surprised at seeing my listing... not disappointed.

Jan 04, 2013 09:44 AM
Brian L. Sirota, Esq.
Bristar Realty (Realtor/Attorney) - Orange, CA
For Solutions: (714) 501-7660

MLS LISTING:  This is a Michael Phelps dream home.  It features a pool specially designed for uphill swim training.   Future Olympians, call now!

B.  ;-)

Jan 04, 2013 10:48 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Mel

The MLS listing set the real expectations for the home. Surprises are not a good thing.

Good luck and success.

Lou Ludwig

Jan 04, 2013 11:20 AM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Mel,

Our newest AR buddy, touched upon this sort of with his blog this week on not placing pictures on listings.  I will have you know that his blog was featured and it only took him 5 blogs to get a feature.

Not that I'm counting, but it took me over 900 to get a feature.  Go figure.

Jan 04, 2013 01:58 PM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Sounds like computer dating, I've not done it, but I understand the photo of the person is not always what shows up for the date.

Jan 06, 2013 12:39 AM
Melinda (Mel) Peterson
Grants Pass, OR - Bend, OR
The Savvy Broker - ABR, CRS

Lately, that seems to be the case... Meems!  Since I cover a pretty large geographic area, driving 30 miles to 'preview' this home was a major disappointment.  Happy New Year Kiddo!

Ditto Tammy!  Even I've been known to take some great pics of marginal listings... enticing a Buyer to view it, only to be disappointed at the real deal.  It seems anything can look better in pics ;)

Very creative... Brian!  I think even Michael Phelps would have found this pool to be an Olympic challenge ;) 

Jan 06, 2013 05:07 AM
Melinda (Mel) Peterson
Grants Pass, OR - Bend, OR
The Savvy Broker - ABR, CRS

Unless of course the surprise is a pleasant one... Lou ;)

Yowza.. Kevin!  I'll have to go there and check it out... sounds like Brian's post had just enough razzle dazzle to catch the AR Gods eye ;)

LOL... Wayne!  I suppose one could look at it that way ;)  Too funny!

Jan 06, 2013 05:11 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

I find that some can be too descriptive as well and turn a buyer away that would have bought the home. How far are we to go to be realistic.

This was in our MLS and got quiet the buzz

"the only thing keeping this house together is the TERMITES holding hands" as a seller I am not sure I would like that. But a lot of agents went to see he home wonder what the heck and it was a really nice home and sold the second day.

 

Jan 06, 2013 09:34 PM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource
Mel, this reminds me of photos we take of listings and post in the MLS or on the Internet. I've received comments from buyers lately that they've been disappointed visiting homes after looking at online photos.
Jan 11, 2013 12:30 PM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Sometimes Internet real estate can feel as disappointing as Internet dating.

Jan 11, 2013 03:10 PM
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Mel

Just stopped by to wish you a great New Year and hope all is going so in your life, cheers cvc

Jan 23, 2013 12:27 AM
Rene Fabre
ARFCO Media - Renton, WA
Practicing Philosophical Eclectic of the Arts

Nice read as always, Mel... I'm with you. Be honest and tell it straight is always the best policy. 

Jan 23, 2013 05:26 AM