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When a golf ball can roll off the front porch at the speed of light....would this be a fixer?

By
Real Estate Agent with Premiere Property Group,LLC Portland Metro & Suburbs Oregon

When a golf ball can roll off the front porch at the speed of light....would this be a fixer?

I was showing property the other day and we got to one listRun down shantying that according to the listing sheet and pictures had killer views of the City of Portland so although I knew there might be some issues by the history, I put it on my list to show as it was in the neighborhood my client was looking in.

Anyhoo, Here we are walking up the steps to the house ( at least 50 from the street..Oh, Angie if you're reading this they were very steep steps...I say 50 but you can read 100....so I considered it my workout) 

So we get halfway up walking past the heavy tree branch held up by a 2x4. and when we go to the "fork" where according to the listing sheet said we were to go LEFT to the house, we were thinking..wow, this house is really nice..OK!! ..only to see the owner of that house come out and point us to the path heading RIGHT..to the house..HMMM.

Walking the rest of the steps up to the home, even though I'm not an engineer, one could easily note that the foundation at the front of the home needed to be looked at as the front porch (gorgeous wrap around) was leaning on a nice little angle that a golf ball would roll down that baby at the speed of light!

At this point I look at the listing sheet to see if I missed the verbiage that said this was a fixer and nada...zilch..nothin..and felt we should just turn back and head back down those stairs...but hey, we were there and he wanted to see that killer view.

Opening the front door we were greeted by that nasty "vacant scent", noted the kitchen and two bathrooms needed major repair...think the puddle of water with the linoleum buckling in one...and the missing toilet and shower in the other were good tip offs.

We did get to the upper level where indeed the view was major killer! This was the room that was shown in the pictures. Gorgeous!

Clearly this home was a fixer. Listing agent...why oh why did you tease us so, only to have my buyer majorly disappointed at all the work needing to be done! (not to mention a good workout just getting up to the house).This listing didn't even have any of those lovely "spins" that would tip us off...ya know " bring your imagination"..."Home just needs buyers to make it their own" (read renovation)..but nothing.

I think it's so much better when a listing agent notes that the home is a fixer...or needs TLC on the listing sheet so we could at least know what to expect..or even take it off our search knowing that my client would only be interested in cosmetic stuff...not major repairs. Had it said anything, I would have called the agent to see how much TLC it needed..not to mention if a lender would even give a loan on this property.

When a golf ball can roll off the front porch at the speed of light...would this be a fixer? In this case yes! Listing agents, help us out here and please give us some heads up! 

Posted by

 

Knowledgeable, Approachable, Service Oriented

Cindy Westfall ABR,GRI

Premiere Property Group,LLC

5000 Meadows Rd., Ste. 150, Lake Oswego, OR 97035

Cell: 503-819-5241      

E-Mail: cindy@cindywestfall.com

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Disclaimer: All views on my blog are my own and may not reflect that of Premiere Property Group. All pictures and content are my own unless otherwise noted. Please No Copying without my permission.

 Cynthia Westfall is licensed in Oregon State

 

Karen Baker
Sunset Beach and Beyond Realty - Sunset Beach, NC
Professional Help with Rapid Responses...

Cindy ~ We make it a point to preview homes but we all know that is not always possible ~ Drives me crazy that the home does not reflect the listing agents comments ~

Apr 08, 2011 10:30 AM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Karen & Frank, I guess it did get us into the house..but then instead of expecting something that might just need some cosmetic updates, the buyer was shocked that the listing didn't say anything in terms of needing any kind of TLC..which was even far from the truth with this one....so was more disappointed than another one we looked at that did prepare us for some fixing up needed.

Apr 08, 2011 10:56 AM
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Hi Cindy.

I see an opportunity in this property...If the price is Right and the location desirable...

Apr 08, 2011 11:35 AM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Joshua, It will be a great opportunity for someone that has some cash flow to put into it. Unfortunately, too much work for my client...and not sure the view was worth lugging everything up those steps as there was no other way to get to the property. I can only imagine the extra charge the contractors will add on for it!

Apr 08, 2011 02:22 PM
John McCarthy
North Hampton, NH
Realtor - Seacoast NH

Cindy,

Now this is one of your typical thought provoking posts. I just loved every little detail. I can just see you taking your client for a showing here and almost hear some of your internal dialogue you can't possibly share with your client. Great post!

Apr 08, 2011 02:49 PM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi John, You're so right about that internal dialogue, but this is something that unfortunately we see many times when the listing sheet doesn't really give us a true picture of the property. At least now I know what my client doesn't want..so can preview future properties.

Apr 08, 2011 05:09 PM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

You are so correct about this.  Honesty is the best policy.  Never surprise buyers with objections, but overcome them in advance.

Apr 08, 2011 05:27 PM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Janna, I like your comment a lot! It's better to have a buyer pleasantly surprised then really dissapointed.

Apr 09, 2011 04:19 AM
Elizabeth Byrne
Keller Williams Realty - Arlington, VA
Arlington Virginia Real Estate

Cindy, the glimpse of the view on your picture is full of promise, however, the house looks like it is just hanging there on its last leg. I agree with you, agents should describe properties truthfully. There is no gain for anyone involved in misleading description. I would probably avoid any listings by this agent in the future. Honesty is always the best road to take.

Apr 09, 2011 05:01 AM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Elizabeth, I do know that when I see one of his listings I'll probably give it a preview first if possible, if that's not an option, at least I can call him and ask some questions.

Apr 09, 2011 05:07 AM
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

It's much better to underpromise and overdeliver than the other way around.

Apr 09, 2011 02:11 PM
Lori Fleming
Golden Spike Realty - Ogden, UT
CRS.,GRI.,Epro.,CDPE,SRS,.MRP

You think you have see it all and then surprise!!! I think there should be a requirement to have at least 4 photos of the inside of the homes also this would help us as agent not to was time or be able to find a great investment property for our investors.

Apr 10, 2011 01:58 PM
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

You don't blame you for feeling misled.  As a rule of thumb, IMPO if the condition of the house won't allow an FHA mortgage, the listing agent should say something about "Needs work."  The house might have great potential for somebody with deep pockets -- but for most buyers, that house would not be an option. 

Apr 10, 2011 02:12 PM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Jill, So true! It was interesting to see my clients face changed with each step closer to the house.

Apr 10, 2011 02:38 PM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Lori, I agree! I guess the tip off is usually when they don't show you a picture of the kitchen...or LOTS of exteriors but none inside. These are a time waster as you know once you're there, the buyer is going to still want to go in and check it out...even though you know they're not going to offer on it.

Apr 10, 2011 02:45 PM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Dianne, After looking at this home...I can't imagine it passing FHA standards, but this was on the listing sheet as something they would accept. There really should have been something in the private remarks with a tip off as to it needing some work. It will be a great property for someone..just not my buyer. This is a deep pockets one for sure.

Apr 10, 2011 02:48 PM
Mark Schweller
A. Meadows Real Estate - Oakley, CA
Building Communities; One Home at a Time

I really enjoyed reading your post.  I agree, the listing agent's goal is not to get the most buyers walking thru the property, but to get the RIGHT buyer thru the property.  The only way to achieve that goal is with honesty. 

Apr 11, 2011 12:22 PM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Mark, I couldn't agree with you more. This home would be perfect for someone with deep pockets as Dianne said, but for most, just way too much.

Apr 11, 2011 01:51 PM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Sounds like this one should have been marketed as "million dollar view ... free house included."

Apr 11, 2011 01:58 PM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi John, your comment made me laugh out loud! I love it!

Apr 11, 2011 02:02 PM