I’m starting to perform less foreclosure inspections than I did several months ago, but I can’t believe that consumers are striving to save money and purchase foreclosured homes at a steep discount when it needs a lot of expensive upgrades, which will not give them a discounted price after they spend their hard earned money on upgrades.
Let me give you a sample.
I showed up at this particular home and everything in this home was full of Mold. I told the Buyers that everything had to be stripped down to the studs and replaced. They replied, “But we’re getting a good deal on the house, we’ll strip it down ourselves and install all brand new finishes”.
This is what they want to purchase…