Thank God for Real Estate
Michigan Foreclosure Articles September 17th, 2006Did you see how the Lions played today … Man, it was bad. The bears just kicked their butts. The next question, call the Tigers sweep Orioles … not looking good in the end of 7. Anyways, off to real estate …
We have appointments to see several foreclosures and FSBO’s … I plan to buy something today after we determine renovation dollars. We did our homework with finding the houses in target markets and we know what we could sell the homes for either as RETAIL or RENT TO OWN. It depends on investors choices short term verse long term gain.
More to come … Wow, we looked at several foreclosures and they seem to be a little over priced. We saw a Victoria style home, new construction, no landscaping, unfinished interior & floors. Priced at Fair Market Value of finished properties. The next favorite foreclosure, on my sisters tour this Sunday, was a Spanish style two story home who sat on couple of acres with the bank stuck in the mud on price. Go figure!
We walked thru several open homes to discover kinda finished properties at the highest price possible. Its ok for sellers to sell at top of the market but I would expect top of the line quality of workmanship. Oh, well, Bob’s school of rehab. Go figure!
this is Bob, signing off for now!
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