Investors just floor me sometimes.
Not everyone out there is a decorator. I see it every day. Most sellers can’t afford 
to have someone come in and repaint, re-carpet and refurnish a house. I understand. You can have them de-clutter the best they can, and hope for the best.
But I see empty homes, with tons of visibly needed maintenance items sell. And they selling for not much less than a home that has been taken care of, just not decorated by Martha Stewart. Have we become such a visual society, that we can’t imagine our own furniture in a home and see a home for what it “can be” instead of what “it is”?
A HUD home, or foreclosure is not always the best buy. In fact, last year here in Austin, I seen HUD homes sell for more than market value by inexperienced investors. There are a lot of homes out there “priced to sell” that don’t need tons of work done to them.
I know of two homes on one block, one was a foreclosure in need of a lot of repairs. The other was well maintained, just not decorated well. The foreclosure home sold in days, and needed approx 20K worth or repairs. For the same, they could have purchased the other home, gotten twice the square footage, larger lot size and an additional room and a higher rent. The home would have ready to go, and not needed a couple months to do all the repairs needed.
Sherry Scales Austin Real Estate Specialist
HomeNet Realty, REALTOR, ABR, GRI
512-925-8928
Contact me or Find your home here
Serving Austin, Round Rock, Georgetown, Cedar Park, Leander, Lago Vista, Lakeway, Bee Caves, Dripping Springs
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