REO Needs T.L.C. (code for "i've never seen the house")...

Real Estate Agent with ReMax Gold 01501948

Ok, so I was out with a client a few days ago and we had half a dozen homes to look at.  We saw two homes that had no pictures posted, both listing agents described the properties as "needs TLC."  Now that's what I call helpful!! 

We pulled up to the first property and it looked fine.  Went inside and it was spotless.  There was absolutely nothing to be done.  Lots of great finishes.  Pleasantly surprising!!  Had we known the property was so nice we'd have looked at it on the first day. 

Second home, also described as "needs TLC."  I think the listing agent meant to say "needs DEMO".  Reminiscent of Silence of the Lambs - no kidding.  The doors and windows were boarded up.  Once inside, there was no flooring, no toilets, vanities, light fixtures, huge holes in the ceiling.  Access to the backyard wasn't possible as the doors were boarded up and the gate to the backyard was padlocked. 

Funny thing is...they were priced the same.

I just have to laugh when I see "needs TLC."  Again, code for "i've never seen the house."  Lori :o)

Lori Prizmich, Realtor

530 845 3325 (cell)

Comments (2)

Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Lori, great points!  I loved the picture that you used, we had a couple that were similar on the market here several months ago.  I loved the needs demo comment.  Thanks for sharing, have a great week!

Jul 13, 2008 06:19 PM
Carolyn Gjerde-Tu-Davis
Lyon Real Estate - Davis, CA
Ca Real Estate

I think some of the agents are putting needs TLC to cover themselves later if the house does have a problem that is not so obvious.  But I agree that it sometimes is pretty questionable if the listing agent has ever been within 50 miles of the property.

Jul 20, 2008 06:02 AM