Real Estate Tip:Diamonds in the Rough !!!

By
Real Estate Agent with DDLRG with COMPASS RE Texas, LLC 0555553

Real Estate Tip:Diamonds in the Rough
There are a lot of "diamonds in the rough" for sale. A property with incredible potential may be in a great location, have large sunny rooms and a big yard, but it may also have dated wall paper, worn carpeting, and uninspired bathrooms. If you can look beyond the surface, you may see a house that could be transformed by a little "elbow grease", paint, and new carpets.

A house that is structurally sound with all the systems in good condition may be only a few cosmetic repairs away from being fantastic! A home that does not show well is usually priced accordingly. If the price doesn't reflect the condition of the house, the seller may be more willing to negotiate than a seller who has made a considerable investment in preparing a home for the market.

Bring your imagination with you on your next house hunting trip! You may be pleasantly surprised to find a diamond in the rough.

Comments (2)

Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I find diamonds everyday from several different resources here in Phoenix. It is not easy but someone has to do it. Great post

Oct 30, 2009 02:07 AM
Diane Rice
Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL - Lansing, IL
SFR, SRES, CNC

Our investors seek these diamonds for conversion to rental homes that we manage for them.  I get the honor of assisting them with their choices! 

Nov 02, 2009 12:17 PM