Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR®  (Coldwell Banker Residential Brokerage)

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Rainmaker
750,252
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Hopefully, it has the redeeming quality of pricing. Then you don't need to do anything else. There's a butt for every saddle and plenty of investors think these are gold.

Sep 12, 2017 09:41 AM
Rainmaker
759,322
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Present a true picture. Many people search for run down properties. If you put lipstick and perfume on a pig, it's still a pig!

Sep 12, 2017 09:40 AM
Rainmaker
5,511,467
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Tell it like it is to your real estate investors.

Or, explain how to use FHA 203(k) financing for prospective owner occupants.

Sep 12, 2017 09:39 AM
Rainmaker
3,370,941
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Be honest. Tell the true story. Not for the faint at heart. If is is "cash only"say so and disclose the inspecction rights or lack there of! Promote size or location.

Sep 12, 2017 09:38 AM
Rainmaker
3,431,570
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Although it can be challenge...I can always find at least one positive aspect of a property.

Location...Opportunity...Size...Value

Sep 12, 2017 09:46 AM
Rainmaker
1,847,404
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Calling all Flippers

Sep 12, 2017 10:53 AM
Rainmaker
5,125,871
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I've marketed fix and flips.... the photos are the photos...what you see is what you get and there are many "small builders" who will jump at this type of home.... I show it all...inside and outside...no dress up day...just bare bones.... and the narrative says, fix and flip in the title.... we market for those homes....and we rarely have one to market because we have such great demand for them.... 

Sep 12, 2017 10:18 AM
Rainmaker
745,835
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

"good find; great potential"

Sep 12, 2017 10:08 AM
Rainmaker
1,558,909
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

A house is a house whether beautiful or not. Price it that way & say AS IS & that is that. I think it's presumptuous of you to think that your properties have to be of a certain caliber.

Sep 12, 2017 10:01 AM
Ambassador
1,656,851
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

To investors. If it has a whole in the roof I'm in.

Sep 12, 2017 09:54 AM
Ambassador
4,376,558
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Investment opportunity!!

Sep 12, 2017 07:18 PM
Ambassador
903,374
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

I'd say "Great price!"

Sep 12, 2017 01:12 PM
Rainmaker
418,623
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Price overcomes all objections. If it is well priced, it will sell. And there are investors out there who would enjoy a project.

Sep 12, 2017 01:09 PM
Rainer
198,722
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

No different than any non-bank owned dog.  Focus on great opportunity for those with vision...or land value....

Sep 12, 2017 01:02 PM
Rainmaker
1,371,144
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

You just wrote part of the perfect ad:  This is a bank owned "dog" with no redeeming qualities.  Are you up for the challenge of a complete makeover?"

I bet you'll get a lot of offers from flippers... if it is priced right.  

Sep 12, 2017 12:59 PM
Rainmaker
854,916
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Whether my customer was looking for a fixer or not, honesty works best

Sep 12, 2017 11:27 AM
Ambassador
3,448,721
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

"Diamond in the Rough!"

Whatever the best quality is about the home, highlight it. Hopefully it's location and you can tout the rare find, at this price, that requires some renovation in a desirable location.

"Handyman's DREAM Find!"

"Make this diamond in the rough your dream home!"

Sep 12, 2017 11:26 AM
Rainmaker
1,384,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Sheri Sperry - MCNE® There must be one positive aspect to this property. Hopefully, it's the price.

Sep 12, 2017 10:52 AM
Rainmaker
569,610
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

You have to see the value in it. The home may be a "dog" to you but to the right investor it could be a gem! I picked up a hoarder house last year that most wouldn't even look at. I got a great price on it, put a little money into it, and tripled it's value!

Sep 13, 2017 04:22 AM
Rainmaker
705,151
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Do you have to?

Describe it the way it is. "The is a dog of a house. Great barking deal. Not for the faint of the heart. Great demolition prospect. Opportunity to build your own castle and live like a king"

Sep 12, 2017 09:32 PM
Ambassador
3,065,995
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Price reflects the 'as is' condition.

In need of TLC = Tons of Liquid cash!

Help make me beautiful again.

A rhinestone in the rough.

Sep 12, 2017 08:43 PM
Rainmaker
942,583
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Price it right and it doesn't matter. I've sold many like that, it's simply price.

Sep 12, 2017 07:55 PM
Rainmaker
2,827,766
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Everything sells at the right price.  Everything has redeeming qualities ... even it they are bad and/or ugly.

Sep 12, 2017 06:36 PM
Rainmaker
3,983,763
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

In the best
Light I can

Sep 12, 2017 03:35 PM
Ambassador
2,364,510
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Price.

Sep 12, 2017 03:30 PM
Ambassador
3,103,806
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Show what you have in the pics.  Not all MLS pics need to be polished like Better Homes and Gardens.  The right buyer will see the potential.

Sep 12, 2017 03:17 PM
Rainmaker
1,660,743
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Given the number of contractors I work with that rebuild or flip there are no dogs out there except maybe abused mobile homes Sheri Sperry - MCNE® 

Sep 12, 2017 02:33 PM
Rainmaker
1,560,516
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

First, you show the best photo, even if only one. And call your investors!

Sep 12, 2017 12:13 PM
Rainmaker
3,218,451
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hopefully it can be sold based on the price or as a real deal for someone who wants a project.

Sep 12, 2017 10:53 AM
Rainmaker
525,764
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Fix and flip

Sep 14, 2017 05:31 AM
Rainmaker
4,797,884
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Tell it like it is.

Sep 13, 2017 07:49 AM
Rainmaker
3,054,334
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Where I d list quite a few I can chime in now. First it depends on the bank, some bank will not allow words or pictures that show or suggest, repairs, mold, damage or such in the mls or marketing. My feeling is that puts forward a home that is not what the buyer will find when they go see it. Fr me to sell them, i have to call my list of cash buyers and tell them verbally what is there, and solicit their highest and best offers to get it sold. NOW, when i get a bad home with a bank that gives me the freedom to market as i see fit, i like to show the home for what it is. Show the work and target cash buyers, there is no use getting Bobby and Sue first time buyer in a home that you can not get a mortgage on anyway. Most of my bank owned homes are sold in a week or less, some the same day as they hit the market and that is through truth in advertising.  As fast as i can sell it, they will assign another listing. 

Sep 13, 2017 06:29 AM
Rainmaker
777,842
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

For some investors the worse the better. Just present a true picture, price it right and it will sell. A different audience and buyer is looking at this one so it does not have to be cleaned up, staged, put in the best light, etc. -Kasey

Sep 13, 2017 06:22 AM
Rainmaker
3,054,229
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Wayne Martin nailed this one!

Sep 13, 2017 05:14 AM
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Sheri, price it right.

Sep 13, 2017 04:52 AM
Ambassador
4,301,228
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sheri Sperry - MCNE® - Bank owned 'Dog'?

Sep 12, 2017 10:58 PM
Rainmaker
1,274,576
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

A lot of great answers! Thank you. I bookmarked my own question. There are some great lines that could actually be used. I personally could not portray a property in a false light. It plays to my credibility and also my time and the time of the potential buyer.  I actually have great direction from these answers. 

Sep 16, 2017 05:18 AM
Rainmaker
4,162,576
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Maybe a rendition, and mark as a fix up and priced correctly.  In our market, it would last about 4 hours.

Sep 15, 2017 05:42 PM