Reo Treasure

By Lance Kettler

Do you like to hunt for treasure?  Some people like to hunt for antiques.  Some people like to find bargains on EBay. Others like to hunt for real estate bargains and treasures.  I have to admit I love to hunt for treasure. 

REO treasure comes in all different sizes and neighborhoods.  Not everyone is interested in looking for treasure and sometimes the treasure is somewhat hidden.  Some people walk into a home and are unhappy if they see flaws.

For me it depends on the flaw.  For instance if I view a home that has multiple repair issues, a hole in the wall, a missing lighting fixture, a damaged counter top, I don’t think, “What a shame.” I literally hear a cash register singing “Chu-Ching” because I know that although these are minor repairs and easily fixable they are going to force the seller to lower the price significantly.

Of course there are some flaws that I do say “What a shame.” If a repair is so extensive that it means that a home will not be able to be lived in for a significant amount of time, or if the repair is so expensive in nature that not even a concession on the seller’s part makes the sale worthwhile, then the home cannot be viewed as treasure.  Treasure is only treasure when the value can be seen with only a minimal amount of polishing.

The good news is that there is more treasure available right now that at any other time in our lifetimes.  If you are a serious treasure hunter, you don’t want to miss this opportunity.  Give me a call and let me welcome you to the hunt!