Special offer
Home > Blogs > Michael Hobbs > Michael Hobbs's (michaelhobbs) Blog
bookmark_border

Would You Rather Have That House Rented OR Vacant?

By
Real Estate Appraiser with PahRoo Appraisal & Consultancy

As the Federal Government seriously takes on the task of dealing with the inventory of foreclosed properties in this country (and we here in the greater Chicago-land area made the unfortunate top 5 list of cities with significant federal concentration of foreclosed homes), it begs the question:

Would YOU rather have the house on your block (which the prior owner lost due to foreclosure) vacant or rented?  and why?

Michael Hobbs, PahRoo Appraisal & Consultancy

Show All Comments
Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change
Wow, hard call. It's often very tough to sell a house with tenants in it. I'd tather have neighbors, than a vacant house next door though.
Jan 13, 2012 03:44 PM
Mike Liess
Coldwell Banker Custom Realty - Penfield, NY

Occupied properties rather than vacant. As long as the owner is not a slumlord and drives the neighborhood down with poorly screened tenants.

Jan 13, 2012 03:51 PM
Michael Hobbs
PahRoo Appraisal & Consultancy - Chicago, IL
SRA, LEED GA, RAA

Karen, I completely agree.  Generally much easier to keep the house intact with it being occupied than with it being vacant.

Mike, of course!  that is definitely the risk.

Jan 15, 2012 01:18 PM
Back to Top
Rainer
181,192

Michael Hobbs

SRA, LEED GA, RAA
Profile
Blog
local_phone(773) 388-0003
business(773) 388-3331
Contact The Author

Real Estate Resources

Recent Posts

View more Recent Posts   arrow_forwards

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?