Have you ever been asked by a SELLER to pay for repairs or improvements to THIER property prior to it being listed for sale? If so, have you paid for them? If so, have you always gotten paid back, even if the property did not sell?
I ask this question because tomorrow I am meeting with an Asset Restoration company at a potential new listing. The property owner lives in North Dakota and hasn't been to Florida for seven years! During that time, the property has been occupied by the same tenant, who paid his rent up until a year ago...but, he hasn't paid it since, continued to live there and has unfortunately, TRASHED the place.
The owner, who is a very nice man with less than optimal finances, finally got tired of the tenant's freeloading and called me to sell the property.
Easier said than done.
When I first visited the property, the non-paying tenant was still living there with his VERY MEAN and VERY LARGE German Shepherd. I kindly informed him that the owner contracted with me to sell the home and he needed to vacate within 3 days or we would evict him.
Thankfully, he left.
Not so thankfully, I think he told all those without a home in the area that the place had "Rooms for Rent" (minus the rent part!) and the police were running a different "squatter" out every night.
Two weeks ago, my husband and I went to the house to place NO TRESPASSING signs on the doors only to find out that the locks had been changed and I was locked out of my own listing!
So, tomorrow I am meeting with a Locksmith/Asset Restoration company who will give me a bid to change the locks and board up the windows. I've been told it will be no less than $250, but may be up to $500 if I want them to remove all of the garbage left behind from the tenant and our most recent "guests."
I am happy to sell the property (which will be listed at $69,000...the least expensive home I've ever listed), but am not willing to pay to secure the home.
I have asked the Seller to make financial arrangements for this service, but he shared that he's had to borrow money himself just so the property wouldn't go into foreclosure...
With that being said, I know that if I agree to pay for this service, I might very well just be flushing money right down the toilet.
The property is in deplorable condition and I am not confident that it will sell, which means I could spend time (even more than I already have) and money (on top of marketing dollars) with no guarantee of a return of even my investment to get the property secure enough to list it.
If you were in my position, what would you do?
If you are a Buyer who is interested in knowing more about a Seminole County city such as Altamonte Springs, Casselberry, Fern Park, Oviedo, Lake Mary, Longwood, Sanford or Winter Springs, contact LaShawn Norden, PA, REALTOR, ALHS at (321) 377-0157 or at LaShawn@LaShawnNorden.com.
If you are a Seller who has a home to sell in Seminole County and values having a marketing specialist with Real Estate license on your side, LaShawn Norden, PA, REALTOR, ALHS is the expert for you!
LaShawn Norden is the Only Central Florida Native You'll Need!