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2/11/2015Thinking about moving?
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Just curious what your home is worth??
Let me provide you with a FREE Home Valuation!
Thinking about moving?
Wanting to refinance?
Just curious what your home is worth??
Let me provide you with a FREE Home Valuation!
CDPE Turns Marijuana House into Smoking Deal |
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By Amanda Okker, RE/MAX Times Online Editor
For two years, Jeff Rockett's children were afraid to wait for the school bus in front of a former marijuana grow house after they witnessed an FBI raid there. But the distressed property specialist took matters into his own hands, and today the home is refurbished and under contract.
The Sales Associate with RE/MAX of Reading in Reading, Pa., established a corporation to purchase the home late last year. He partnered with local contractors on the rehab. At an open house April 19, the public was allowed in for the first time.
Read two local news stories about Rockett's neighborhood project and the open house:
Former Drug House Ready for the Market
Former Drug House Given New Life
"I stopped counting at 100 guests," Rockett says. "Many were there to consider a purchase, but curiosity brought in a lot of neighbors, too. It was good for putting people's minds at ease about the future of the house and the neighborhood."
The Friday after the open house, Rockett (CDPE, SFR) received an offer. As of the next Monday, the home was under contract. The buyer's only concern was air quality. Rockett provided the results of a test he ordered himself when the property was first purchased.
The 100 Percent Club member says profit was never a motive for getting involved in this project in fact, he's donating the proceeds to help combat drugs. The plan for marketing the property, however, was all business.
Here are Rockett's strategies for overcoming a property's checkered history:
1. Understand distressed properties. Originally, we were supposed to settle in December, but that got delayed until February. I was able to be patient, because I understand the process and am trained in handling distressed properties.
2. Stay ahead of the rumors. I communicated with the media early on to stay ahead of rumors of the home's condition. Stories swirled that it was full of mold and had to be gutted. That couldn't have been further from the truth. The growing operation took place in the basement. You would never have known anything happened in that house if you hadn't heard it on the news. Every bit of evidence had been removed, and I wanted to set the record straight.
3. Keep the community updated. To overcome the stigma of the property, I let the public know what was being done. I attended a township public meeting and explained the plans, assuring everyone that the best professionals were working on it.
4. Make an immediate impression. On the outside, the entire house was overgrown. Architectural and ornamental elements were completely concealed. Within two weeks of purchase, we had everything ripped out so that the neighborhood could see the home in a different light.
5. Create something of value. Being the managing partner, I didn't want to just repair the problems, I wanted to create a product that has more amenities for the price. I updated the kitchen and bathrooms with tile floors, granite countertops, stainless steel appliances and custom cabinetry. We realized the home's potential.
2010 RE/MAX, LLC. RE/MAX Affiliates may share this article, provided they do not charge for it and this notice is included. All other rights reserved.
REMAX.COM FIRST TO ADD FORECLOSURES
Homebuyers Can Search Over a Million Foreclosed
Properties, Find Foreclosure Experts in One Site
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Remax.com visitors can now access more than 1.3 million Real Estate Owned (REO) properties in the
We strive to provide consumers with the most information, properties, videos, articles and resources to help them navigate todays market, said Kristi Graning, Senior Vice President, Information Technology and eBusiness for RE/MAX International. Remax.com is now the perfect combination of resources on one web site, where visitors can search for foreclosures and connect with a uniquely trained RE/MAX agent who specializes in short sales, REOs and foreclosures.
Homebuyers across the country, including those looking to take advantage of the recently enhanced Homebuyer Tax Credit, can search foreclosures by accessing the foreclosure tab in the featured property search box on remax.com.
Sourced by government agencies and national news media, RealtyTrac is the No. 1 foreclosure listing service. It collects extensive foreclosure data from more than 2,200 counties, covering more than 90 percent of
We are very pleased to be working with RE/MAX, one of the worlds leading real estate brands, and were excited to give consumers another way to access foreclosure data, said Rick Sharga, Senior Vice President for RealtyTrac. We believe we can have a positive impact on the national housing market by providing consumers with vital foreclosure information and giving homebuyers an opportunity to find the perfect home with the right agent.
RE/MAX agents are uniquely qualified to manage foreclosures and distressed property. More RE/MAX Associates have earned the Certified Distressed Property Expert® (CDPE) designation than agents from any other national real estate network. The CDPE training, through the Distressed Property Institute, gives RE/MAX agents the expertise to assist buyers and sellers of REO and distressed properties.
Happy November!!
Can you believe it's already November? I can't. And right now I am REALLY enjoying the weather.....though I know it's going to get cold in just a few days.
I can't believe it's been so long since I blogged last. I guess I just couldn't think of things to write about - so if you ever have ideas...send them my way!!
A few weeks ago (Oct 22-26 to be exact) I went to Longboat Key, Florida to celebrate the wedding of my college roommate and friend Erin to Todd. It was a beautiful wedding and an AMAZING place! Longboat is about 20miles from Sarasota. My best friend Emily from St Louis went with me and we had a great and relaxing time. I highly recommend Longboat Key! You MUST stay on at the Longboat Key Club&Resort. It's just amazing!
As many of you know, I love to volunteer. I enjoy it - such a good feeling...and honestly, I have a hard time saying no! I haven't done much volunteering lately, I think I was a little burnt out. Well, my co-worker Paula has done some volunteering with Project UpLift in the past. Project Uplift goes out to the homeless to provide them food and supplies. Last night, Paula & I along with a co-worker's mom, Trisha all went to volunteer with a nightly delivery. (they deliver Monday, Wednesday & Saturday nights). We got to the warehouse around 430pm to start preparing for the nights ride. Our job was to sort and individually package bread and sweets. We loaded up the car with dinner (last night was friend fish, pasta & soup along with hot chocolate, bread, treats and chips) and supplies. Each truck is stocked with necessities including clothes, toiletries, pet food and water. We went to about 7 different locations. It was great getting out there and helping. Everyone was so friendly and grateful. It was amazing how many homeless have pets...and they wanted to make sure they also got food! At one of our last locations (with only one bag of dog chow left) we met some guys that have an extensive camp set up. They have a dog and cat - who they make sure ALWAYS get fed. Thankfully we had a bag left (or I might be under bridges today trying to find them and get the dog food!!!). They brought this beautiful (and healthy looking) black lab out to meet us - Hobo! (I'm not kidding, that was his name!) They also took us back to see their camp (no worries, we had a guy with us who has done this for seven years and knew we'd be safe!!). It was amazing what they'd done. They'd put together barriers to stop the wind, had a tent, picnic table, etc. It was amazing to see what they had done with what little they had. It seemed to me that many of these people actually enjoy their life. It was also amazing how many younger (closer to my age) people were out there! And how many of these people have been homeless for years.
It was such an eye-opening experience. It sure makes me thankful for EVERYTHING that I have. I came home to my house, my bed, my dogs and my heat. I had trouble sleeping just thinking about all of these great people. I will definitely volunteer again....and I think I'll bring along some dog treats!
According to Forbes Magazine, buying a house is the #1 thing to buy in the recession!! I think that's great news for the housing market. http://tinyurl.com/c8l4vd Things are definitely starting to pick up for me and others in my office!
I found a site that will put a smile on your face. http://ps22chorus.blogspot.com These kids are great!!