Saturday, February 6, 2010

Something Stinks in Phoenix Real Estate

There currently 9,200 homes for sale in the city of  Phoenix. Real estate deals are around every corner in the Metro area. Many REO properties need some work and we expect that. Some Phoenix real estate deals  need lots of work and cause potential buyers to go hmmmm .... And then there's the occasional house that really stinks! Literally.

Search Phoenix Homes for saleI took a buyer, who flew in from New Zealand, out to look at REO properties on Wednesday and saw some really good deals for Phoenix homes for sale. The banks don't like to waste time anymore and most are starting to price properties really aggressively ... enough so that many REO homes are still getting up to 15-20 visits in the first week. I took a buyer, who flew in from New Zealand, out to look at REO properties on Wednesday and saw some really good deals for Phoenix real estate. The banks are getting wise to the game, and most are starting to price really aggressively ... enough so that many REO homes are getting up to 20 visits in the first 1-2 weeks.

Well, we are 5 homes into our search when we open the door to a really nice looking home in Phoenix. Real estate memories fill my mind, but this was one of those moments that would have been interesting to record -- then watch our reaction on video. I knew something was wrong as soon as I swung open the door. 5 steps into the house and my eyes were beginning to sting. Holy pet urine Batman! This was not the work of a random "tinkler." These pets had the run of the place. I never thought I would need to stop by Big 5 Sports and buy 2 gas masks before showing any Phoenix homes for sale.

smelly Gilbert homes for saleMy client was shocked at the smell. It was almost so thick it could be cut with a knife. But after traveling half way around the world to look at Phoenix real estate she could not be stopped. She proceeded to do a quick walk-through of the downstairs and headed upstairs. I started to assess her weight and wondered if I would need to carry her out of the house. It has been awhile since I worked out regularly at the gym. My mind started remembering the correct lifting techniques to avoid back injury.

She disappeared up the stairs and I tried to regain my senses. It occurred to me that she might think this yank was a pansy, so I darted up the stairs. That was a mistake because I started to breath harder. My memory was jolted into remembering that warm air rises. If it was possible, the smell was even worse upstairs. Of all the Phoenix real estate I could have been in ... then I lost my train of thought.

Where am I?

Then I remembered. My client came out of the master bedroom and headed for the stairs (thank you God). She didn't appear faint (thank you God). We headed outside and locked up the house. My client actually liked the floor plan and features and commented that removing the carpet would help a lot. She wondered what my thoughts were on the subject.

I actually had thoughts on the subject because, first of all, my sight and mind was returning. I told her I had bought a house with a similar problem at the trustee's sale, which of course was "sight unseen" (and smell un-smelled). I described the process of scrubbing and sealing concrete. I described the process of sanding and sealing 2x4's that were along the concrete floor. Thankfully she was losing interest in the house and I wouldn't need to return (thank you God)! On to better smelling Phoenix real estate!

Email this post about Phoenix Homes for sale Today I received an email from the listing agent wondering what I thought about the house. It was then I decided to write this post. My return email will contain a link to it. That should be satisfactory feedback, don't you think?