Cleaning up the foreclosures

By
Real Estate Agent with Ruhl & Ruhl Realtors

I truly believe that if the foreclosed property holders would have these properties cleaned up, inside and out before putting them on the market they would sell. Not only would they sell but they would seller quicker. The way some of these properties are left is not a pretty site. Most buyers are turned off right away. They do not want to go in and clean up someone elses dirt.

How do we get this done?

Who needs to be told that the management companies should try to do a better job of getting these properties ready to sell. Get them off of the books would be better for all. They say that there are all of these forclosed properties sitting everywhere. Some of the problem is the management companies. They do not seem very motivated to get them sold.

Comments (3)

Steve Zarry
House Buying Now - Austin, TX
Austin Central Texas, Real Estate

A lot of the asset management companies that assign REO's to agents also assign the home clean up duties to those agents. So, I've seen in this area where some agents choose to clean up the property and some do not. You're right, those cleaned up foreclosure properties sell a lot faster.

Mar 19, 2009 09:07 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Its not there money so they tend to care less. Always easier to watch other peoples  assets go down the drain rather than your own. It defies common sense from the beginning.

Mar 19, 2009 09:26 AM
Teresa Keller
Ruhl & Ruhl Realtors - Davenport, IA
ABR

I believe also that the asset management companies do not care. But on the other hand it's all part of the big problem we are all seeing right before our eyes. Who do we need to know that the problem is out there. How do we get it turned around. The President is out there handing out our money and it's not getting us anywhere. These management companies are making money no matter what. The other thing that they do it sit on the offers. They are not really do anyone an favors, I realize that they have alot to do. But nothings seems to motivate them to get the properties from  A-Z very quickly.

Mar 19, 2009 11:26 PM

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

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