Forget Hollywood's homes, tour forclosed homes instead
US real estate firm Devine Reality, based in Kennewick, Washington, has decided that foreclosed homes have a bad image, so they’ve introduced a black stretch SUV into the equation.
Although for many this would normally conjure up frightening images of wild hen parties on a Saturday night, this stretch motor is to take home buyers on tours of foreclosed homes for sale.
‘Foreclosures aren’t garbage’
Owner of Devine Reality, Willie Stewart, told the Tri-City Herald:
“You know, we need to show people that foreclosures aren’t garbage.”
Although many foreclosed homes may be in need of a little TLC, there are bargains to be had. The Herald reports Stewart shows prospective buyers a variety of houses ranging from $100,000 to over $250,000 and even takes a home inspector and a mortgage loan officer along for the ride to answer questions.
‘2.5 per cent in foreclosure’
With approximately 2.5 per cent of all loans across the country in foreclosure at the end of the first quarter of 2008, according to the Mortgage Bankers’ Association, they’re not the only real estate firm trying to breathe some life into America’s property market. It seems thousands of others across the US are offering the same sort of tours and educating people on how to buy a foreclosed home at auction.
Who needs to see Mel Gibson’s pad when a ride in Willie’s SUV could bring you a property investment opportunity and a Hollywood fortune of your own?
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