Getting a new listing is often an exciting proposition, but, when it's a foreclosure property, the joy can be short-lived for real estate professionals. As you probably know, foreclosures come with a unique set of circumstances (read: problems). Often times, the previous resident(s) leaves behind scattered personal possessions and a significant amount of junk. Just entering a foreclosed home can be a risk, because you never know what to expect. It's not uncommon to find pest infestations, appliances ripped out, windows and screens broken and torn, carpet stained, water damage in the bathroom, and other nuisances.
Typically, banks want REO foreclosure properties ready to show in a short amount of time. Because most foreclosures require furniture, appliance, and junk haul away, this can have a significant impact on getting it into salable condition. Some Realtors, who aren't very experienced in foreclosure listings, might try to tackle a foreclosure clean out on their own. While this seems like it will save money, it usually comes with a hard lesson to learn.
When banks or other lenders offer mortgage loans, they see them as an investment, because they will earn money from the interest on the loan. If homeowners do not repay their mortgages, banks lose money. To salvage their investment, banks foreclose on homes with unpaid mortgages and sell the properties at foreclosure auctions. If a home doesn’t sell at auction, it becomes a real estate owned property, or REO property. --Realtor.com
The amount of time and effort can't be underestimated. Even in situations like an estate home cleanout, you'll need to set aside the time, one or two weekends, or, about four days of the week. You'll need to hire help, rent a truck, make several trips to the landfill and back, and, pay dumping fees each time. When you add all the expenses up and factor-in the amount of time lost, it just doesn't make financial sense. Here are some of the most compelling reasons Realtors need a foreclosure cleanout service:
When you get a foreclosed home listing and need to have it cleaned out, just phone 800-737-5923 or visit Pro Junk Dispatch. We have locations all over the area and one near your listing. We go where you need us, when you need us to get the job done right and for a low price.
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