3: REOs in 2010, The Great House Hunt-Looking Back

The Great House Hunt-Looking Back (Part 3 of a Series)

In 2008 I wrote a post and told you that showing homes, particularly REOs was giving "House Hunting" a new meaning.  (Think Wild African Safari) 

I have stories about walking into pitch black basements which were missing the bottom stairs and flooded by about 12-18 inches of water; holes in rooves, animals in or outside the house (both abandoned pets or wild animals, dead or alive).  It was quite an adventure.

Here's the good news....it's a million times better.  Homes are not sitting on the market that long, especially bank owned homes.  Agents have a lighter work load and to keep their bank clients happy they are required to manage the properties well.  Banks are doing repairs on homes that need them.  Now, looking at REOs is not too different from looking at any other resales, and my profession feels good again. 

So, are you ready to go house hunting?  In 2010, I am happy to report, you can leave your rifle at home!