This entry was posted on Monday, July 2nd, 2007 at 11:19 am and is filed under Property Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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July 2, 2007
Taking a shot at the declining home market, Stephen Colbert recently did a show offering the following sound advice on selecting a home to invest in: 3 rules of real estate: Location! Location! BEES! - Do not buy a house filled with bees.
While humorous, I must say, the opposite has been my experience.
Some time ago some relatives of mine moved into a very nice home which quite honestly, was infested with bees!
It took days of trying to chase them out, and there were many stingings, and one could never walk around the upstairs with their shoes off…but let me tell you, that home was a good investment!
When shopping for a home, it is important to recognize factors which can cause a seller to be truly motivated. If their place is run down, trashed, or best of all, full of bees…you have a motivated seller who will be much more likely to consider selling the home for less than it’s worth.
I guess my point is, the three things to look for in a home are location, location and bees. You WANT there to be bees, those bees will be worth more than ten thousand dollars. That’s sweeter than honey!
On a more serious note, I learned a term today that is important for the test. Blind listings are illegal in Utah. That is a listing made by an agent claiming to be selling their home for sale by owner.
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