Will this home ever sell? Let me introduce you to this seller. They had been relocated for work. They listed with a discount agent and headed South to their new job. Months went by and it did not sell. They could not afford the mortgage and paying rent in their new state. The agent talked them into a lease purchase. Years went by and no purchase. Now another year has gone by and still no purchase and now no rent. The seller needs this home gone.
They were referred to me by a neighbor whose house i sold and then sold them a home in this neighborhood. The seller flew up to meet me and take me through the home. They have not seen the home in 4 years. What we saw was a mess.
I am not sure how much effort was put into selling the home or finding a legitimate rent to own buyer. We were suppose to sit with the tenant after touring the home to see if they could or could not buy the home once and for all. The home smelled so bad we met on the picnic table out back.
After a short time it was obvious this tenant aka would be buyer, had no ability to buy now or then. The seller realized he got what he paid for in a discount agent that really did not know what they were doing. That in a haste to save money, he has cost himself 4 years and boat loads of money.
NOW he hired me. What to do? What plan to take? and how we can move forward?
In most cases with a tenant occupied home, the question is will they allow us to show the home to potential buyers without killing any potential sale? In this case, it is best of the tenant is out before starting to show it. The condition of the home is deplorable. The tenant had no will to complete any cleaning or upkeep.
We came up with a plan. That I would be hired to get the tenant out. To get the home prepared for sale. To find an AS IS buyer, most likely cash and get it sold quickly.
The seller headed back home. He was depressed but had hope for the first time in 4 years. I met with the tenant. They owed 3 months back rent. The seller said he did not count on collecting it, so use it as negotiations. With the sellers blessing, I told the tenant if they are out in 2 weeks, the seller will not collect any of the 3 months rent. If 3 weeks they will collect 1 month. If 4 weeks they will collect 2 months rent. Anything later they expect all the rent to be paid. The tenant said he could be out in a week.
I left a CASE OF CONTRACTOR TRASH BAGS the tenants could pack up what they dont want, and they will remove. A week later they tenant moved out. They took most of the massive mess we saw a week earlier. I face timed the seller and walked through.
I had already got estimates on a dumpster and labor for a clean out. A got an estimate for a basic cleaning if the interior. I got an estimate to do the lawn care. The seller thought everything was reasonable. The seller was pleased I had such resources.
I gave them a value AS IS and then gave them an estimate of repairs and what the home would be worth. They are out of money. They want to sell quick, so they wont make any repairs. They will seek a cash buyer without any contingencies. That is a challenge i accepted and will succeed in selling for them.
The MOST IMPORTANT thing in real estate for me, is to provide great service. To stand out from the crowd by being there through each step of the buying or selling process. My message that I want to share in Real Estate, is that my philosophy is simple, to provide more personal and professional service to guide clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest.
To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .
About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 33 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties.