As most of you know by now my market area is in the pits. Foreclosures and Short Sales abound. Property values have plummeted almost 65% in the last 24 months. Properties that sold for $350,000 can now be had for as low as $100,000 in some areas. Deals are every where.
Since I specialize in selling Short Sales and Foreclosures business is booming. I have so many Buyers wanting to “purchase a deal” that I can’t get to them all.
“More business than I know what to do with.” I can’t even count how many times I have said that in the last couple of months. It sounds like a REALTORS® dream doesn’t it?
Well let me tell the other side of the story.
I spoke to a beautiful young couple last week that I have known for several years. They have always seemed so happy. They called me because they are now getting a divorce. Loss of jobs and financial hardship have taken their toll. Instead of sticking together and fighting through these difficulties they have been overcome with stress. They relieve the stress by fighting with each other. In about 4-6 months their home will be a “deal” for some lucky Investor………
A potential Seller called me this week. Very nice person. We had a long conversation about what needed to be done to avoid foreclosure on their property. Then the conversation started getting really dark. This person was crumbling under the stress of losing their home. They told me, a complete stranger, that two days ago they tried to commit suicide and were considering it again. I immediately had to call for intervention. This property will probably be another “deal” in the near future……..
While driving around today I took this picture. Another deal.
I wonder what the story is. Do you?
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