Real Estate Forums

Ask An Agent Have a real estate related question? Why not ask a real estate professional. Here is where you post any and all real estate related questions that you may need answers to, Im sure there are more then a few agents that will be happy to reply.

Reply
 
Thread Tools Display Modes
Old 10-28-2004, 07:29 AM
satxproperty satxproperty is offline
Real Estate Web Guru
 
Join Date: May 2004
Posts: 458
satxproperty is on a distinguished road
Default MLS Marketing Foreclosures

Hello,

I have a question about how to market a listing that doesn't outwardly show the best.

We took a listing on a property from a local bank that repoe'd the home. The previous owner moved in 7-8 years ago and that may have been the last time anything was done to the house other than normal maintenance.

It could be a very nice home with a pool/spa built in 1981. The kitchens and bathrooms are/were built with high quality materials but are of 1980 vintage. Some carpet is 8 years old, some older.

They had a large breed dog living in the house with them. The house smells like this dog. We have unsuccessfully tried to clean the carpet to remove the smell, but it is still there.

Other than carpet and paint the home is in good shape. True, a little updating may be in order, but nothing is really broken.

The investor states that we are not to describe the house as a "fixer upper" or a "foreclosure". How does one market the home and describe on the MLS keeping a positive light on the potential of this house, so as to turn off potential showing agents?
__________________
Randy Watson Texas Real Estate Agent
Mission Realty-San Antonio Real Estate
San Antonio Real Estate
Reply With Quote
Old 10-28-2004, 05:22 PM
ResaleBroker's Avatar
ResaleBroker ResaleBroker is offline
Real Estate Webmaster
 
Join Date: Jun 2004
Posts: 4,724
ResaleBroker is on a distinguished road
Default Re: MLS Marketing Foreclosures

What can you tell me about the location and the price?
__________________
Cold Calling (This is too easy!) ~ Sales Training ~ Mobile Homes For Sale
Reply With Quote
Old 10-28-2004, 07:10 PM
satxproperty satxproperty is offline
Real Estate Web Guru
 
Join Date: May 2004
Posts: 458
satxproperty is on a distinguished road
Default Re: MLS Marketing Foreclosures

The home is a 4+/3.5/2, $175k-$200k 1/3 acres, pool & spa. This is a 500-1000 home subdivision that has homes as old as 18-25 years old. Good roads, easy access to city or fast dash for the country.

Home Depot, supermarket and shopping center adjacent to it (and growing). New subdivision of $175-225k homes being built on the other side of the shopping center. Schools less than 5 years old.

Does this info help you to answer my question?

Thanks
__________________
Randy Watson Texas Real Estate Agent
Mission Realty-San Antonio Real Estate
San Antonio Real Estate
Reply With Quote
Old 10-28-2004, 07:21 PM
ResaleBroker's Avatar
ResaleBroker ResaleBroker is offline
Real Estate Webmaster
 
Join Date: Jun 2004
Posts: 4,724
ResaleBroker is on a distinguished road
Default Re: MLS Marketing Foreclosures

I was thinking that if the home had advantages in the arenas of "Location" and "Price" then "Condition" could take a back seat in your marketing efforts.

It doesn't sound like this is the case however.
__________________
Cold Calling (This is too easy!) ~ Sales Training ~ Mobile Homes For Sale
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off

REW Conference

For our members

Main Sections

IDX Coverage Areas

Spiders Welcome

All times are GMT -7. The time now is 09:26 PM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.