Bargain basement? More like a cess pool...

By
Real Estate Broker with RE/MAX in the Village, Realtors

I'm working with some new buyers who are trying to find a bigger abode for their growing family.  We've been tromping through the most affordable single family and 2-flat properties in several nearby communities for a couple of weeks now, and they are totally discouraged and burnt out.  We haven't seen one property where they had any hopes of being able to do some rehabbing and updating themselves.  They all had major structural damage or severe mold issues. 

All of our time could have been spent looking at comparably priced condos in move-in condition if we'd had the opportunity to see ONE interior picture of any of these REO properties.  Or if the description of the property went beyond "GREAT INVESTMENT/ PROPERTY BEING SOLD IN "AS-IS" CONDITION".

At the end of another exhaustive day, I smile and urge my clients to keep going and to think positively, because in my experience with dealing with these foreclosures, I know that there must be a few dollhouses in the midst of the shacks.

Laurie Christofano, Realtor/Buyer Specialist with The Pych Team
@ RE/MAX in the Village, Oak Park's #1 Pick for real estate
Office: 708.386.1400 x186
Follow me on Twitter: http://twitter.com/PychTeamREMAX
About The Pych Team: http://marketing.remaxdesigncenter.com/39/65039/761308/761308.swf
RE/MAX Property Search: www.lchristofano.illinoisproperty.com
My Blog: www.lchristofano.activerain.com
The Pych Team Website: www.kyrapych.com
About RE/MAX: www.joinremax.com

 

Posted by

Laurie Christofano, RealtorABOUT THE AUTHOR:
Laurie Christofano has been a real estate broker since falling into the field in 2007 upon deciding to leave medical school. Passionate about local architecture and determined to make a living "helping people" (as she set out to do since deciding to become a doctor; albeit she's now helping with a different but also important aspect of people's lives), she's worked with buyers, sellers & renters all over Chicago's city & suburbs. Proud member of The Pych Team @ RE/MAX In The Village, Your #1 Pick!

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Topic:
Home Buying
Groups:
Foreclosures & Short Sales
Real Estate Rookie
Tags:
foreclosures buyers 203k

Comments 1 New Comment

Rainmaker
945,388
Karen Fiddler, Broker/Realtor
(949)510-2395
HOM Sotheby's Intl Realty, 949-510-2395

Oh...so frustrating! I'm glad they have you encouraging them along.

May 04, 2009 09:34 AM
Rainmaker
68,850

Laurie Christofano

ABR, The Pych Team at RE/MAX in the Village
Buy or Sell in Chicagoland
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