Fixer uppers..............

Real Estate Agent with Keller Williams Legacy

This past weekend, Darcy and I had the priviledge of showing a family some fixer uppers here in our market.  To be honest, it has been a while since we have shown anyone any fixer uppers.  Whether it has been the market conditions, or just that many sellers in our market were pricing fixer uppers as though they already been fixed up. 

This weekend was an eye opener, we have a couple of great opportunities with some fixers.  I don't know that there is enough margin there to fix and flip, but certainly good solid investments to someone looking to buy and fix it up for a residence.  There is easily some equity to be had with them all repaired, although not quite enough to make the flippers happy.  In short, it was a great weekend with a very nice, new, client, finding some real gems in our market. 

It isn't the same as it was a few years ago, when there were a lot of fixer upper houses, many with great appreciation potential; but it to me, it is a good sign.  The more affordable, buyer friendly (in terms of equity) homes that we have on the market, the stronger the market will become. 

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Jackie Cross
Real Living All Florida Realty - Port St Lucie, FL
We still have many fixer uppers here and with the foreclosures that market is growing.  Many of the foreclosures have been badly damaged by the owners in anger at the banks
Feb 05, 2008 05:57 AM #1
Tony & Darcy Cannon
Keller Williams Legacy - Woods Cross, UT
The C Team

Jackie it is too bad that people destroy things like houses to get back at the bank, no one forced them to sign the paperwork.  The problem that we are seeing with a majority of our foreclosures is that they were the executive level house, or they were investment houses with 100% financing and more is still owed than they are going to sell for in the near future.  Hopefully the banks will see that and take less money to move the houses.


Feb 05, 2008 12:37 PM #2
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Tony & Darcy Cannon

The C Team

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