Real Estate Boarded Up And For Sale
Real Estate boarded up and for sale can happen anywhere. I was looking at two new listings today in the Oak Park area. There are several nice streets that have updated homes. I saw people walking dogs and taking strolls about the neighborhood. Many people enjoy living in Oak Park. This is clearly a neighborhood that has grown in popularity over the years.
Some investors have bought properties in the area as rentals. There is such a shortage of good rentals and the need for more affordable housing is a factor in many cities. Like many big cities, in Sacramento and across the US, there are some open lots where people are camped out.
Our client had great tenants for many years and enjoyed being a landlord. The pricing for resale homes has increased since he purchased in 2014. Oak Park real estate value has appreciated substantially. While I was looking at the current values for these properties I saw up to a 150% increase in appreciation. This is great news for our clients.
Our client has two properties in the area. He had to board up one of his properties as it has been broken into multiple times at night due to being vacant. Also, the hot temperatures outdoors could be a contributing factor. This can happen anywhere when properties are left vacant for extended periods of time.
There are companies for hire that will come out and board up windows and doors to quickly secure a property. This was a more common occurrence in the REO days when driving down streets and seeing vacant homes with boarded-up doors was not out of the ordinary in any neighborhood due to foreclosures.
A neighbor had called law enforcement to report the trespassers as there were people camping out at night inside our client’s house. The property had some vandalism reported on the interior. This, of course, will need to be disclosed to the new buyers. Our clients decided as their tenants moved out and they live hours away, it was a good time to sell and cash in on the equity. They said if the property was not vacant there would not be an issue.
They were in the process of doing some clean up when the repeated break-ins occurred. This real estate boarded up and soon to be for sale, will be available to look at in the next few weeks. The owners decided to secure the property until it is sold and new owners can move in. This photo above is not the house I listed; but, it gives you a visual on what a boarded-up property looks like.
The sellers said they had high demand when renting the properties out had several people apply to rent the homes. They had great long term tenants for many years that took care of the properties. If you are looking for a rental property in the Oak Park area, we will have two properties on the market in the coming weeks. With the high demand for rentals in the area, this could be a great opportunity for investors or first time home buyers.
— JaCi Wallace