01-01-2011, 04:22 PM
Yes, Puna is unusual for all the new and never lived in homes that are for sale. I'm sure that's an accurate picture.
On the west side, where I saw the REO's. they were bad. Maybe the first wave of FC's was swift, but the later wave took much longer to happen, and meanwhile things deteriorated.
There was LOTS of stuff needed in the REO's my son looked at. Needed septic pumped, pipes to septic had been disconnected, carpet was trashed, walls had holes in them, as did the doors, appliances ruined, yard was dead, plumbing issues.
We didn't see any pride of ownership REO's. We saw pride of ownership in the short sale properties, but none of them were actually closing even though they had offers, so our realtor started skipping over them, as he was trying to make the tax credit deadline.
So yeah, HPP is unique. I don't think that any REO's in my neighborhood would be nice at all. I would be surprised.
On the west side, where I saw the REO's. they were bad. Maybe the first wave of FC's was swift, but the later wave took much longer to happen, and meanwhile things deteriorated.
There was LOTS of stuff needed in the REO's my son looked at. Needed septic pumped, pipes to septic had been disconnected, carpet was trashed, walls had holes in them, as did the doors, appliances ruined, yard was dead, plumbing issues.
We didn't see any pride of ownership REO's. We saw pride of ownership in the short sale properties, but none of them were actually closing even though they had offers, so our realtor started skipping over them, as he was trying to make the tax credit deadline.
So yeah, HPP is unique. I don't think that any REO's in my neighborhood would be nice at all. I would be surprised.