Thread: Bank Repo
View Single Post
  #4 (permalink)  
Old 05-11-2007, 09:56 PM
Vince Santos's Avatar
Vince Santos Vince Santos is offline
Member
 
Join Date: Mar 2007
Location: Metro Detroit
Posts: 80
Re: Bank Repo
Quote:
Originally Posted by Bob Stark View Post
Intersting comment.... what sort of disclaimer would you propose??
Just something explaining how a vacant home tends to need significant repairs due to lack of maintenance. Particularly repairs that may not be obvious on the surface but rather behind walls and in supply and/or waste lines.

Most of the time these homes are purchased by investors and I imagine they already know they will have to put a good amount of work into the home but once in a while I get a couple looking for a great deal on their first home. It's not my intention to get them to run away from the home but I want them to have realistic expectations and understand the potential for larger repairs other than a new coat of paint. Of course most things will be pointed out and reported on anyway..

Perhaps I am thinking too much out of the box on this.

Quote:
Originally Posted by Rick Hurst View Post
Vince,

I tell them that their Dad called and said don't do it.
I have wanted to say something like that more than once.
__________________
Principles don't change with circumstances. That's what makes them principles.
-George Colombo
Reply With Quote