We Tell it Like It Is

My head is filled w/images of unknown substances splattered on walls, unidentifiable muliti-colored stains embedded in tacky 1980's carpet, torn/peeling floral wallpaper, and lots of dead bugs. My ears hear the echos of chirping smoke detectors w/dying batteries; my nose still smells the mold, the dog urine, and the horrific cinnamon Glad Plug-Ins attempting to mask it all. Ah, the current real estate market...foreclosures foreclosures foreclosures. I love coming home everyday feeling like I need to soak in a bath tub full of Clorox.

I gotta say though...bank-owned properties have been pleasant when it comes to submitting offers. I've been hearing back from the bank within 24 hours of submitting offers lately. They have been pretty stingy though w/price. If they are covering your closing costs, they won't stray too far off from the asking price. But, the asking price is still a good deal. I have clients closing at the end of this month on a 1992 home that they are buying for about $216,000 that should appraise in the $240's I'm guessing. Will be worth over $300,000 once they do some work on it!

Homes under $150k are still selling like mad. Multiple offers on these homes w/buyers competing for a good deal and a chance to get that $8,000 tax credit. I love it but also feel bad for my people that keep losing out to better offers :(  Keep the faith guys; it'll happen soon. There are more listings to come!