Besides the ridiculously low prices, and the fact that the banks have no clue and are just trying to dump all this inventory, there’s some seriously fun features to be found. The vast majority of foreclosures merely have one front picture. Usually there’s trash cans, and they’re taken after dark without a flash (see Worst MLS Photos). Occasionally we find a picture of the top of a faucet.
There’s plenty of improvements that can be made, but it’s a great house and livable as is.
I was the listing agent when it sold the last time for 329,000!
There’s even a few with the original square tubs in the bathroom. I’ve seen them in grey and white and blue and pink and green.
And…we had amazing response time from the bank and the listing agent. From showing to contract (signed! by the bank in less than 3 days. That’s another world record this week!)
The whole house has these round AC vents. Jake’s going to strip them all and have them powder coated at a body shop.
I’ve gotten the hang of working the foreclosures now, and there’s some terrific property out there if you’ve got the time, energy, and money to put them back together.
If you don’t…. I know of some killer houses that aren’t foreclosures, but you have to pay more for them.
Either way, it’s a great time to buy a piece of Vintage Vegas.