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What to do with Infamous Crime Houses?

I have been reading a few articles this week regarding the fate of some infamous houses where gruesome crimes took place. In light of the recent arrests of Ariel Castro and his brothers in Cleveland I discovered several other high profile crime houses and school buildings have been demolished:

Another house in Cleveland where serial killer Anthony Sowell killed 11 women over a period of several years was demolished in 2011.

30 years ago in Chicago the house where John Wayne Gacy killed at least 33 young men was demolished.

Recently, one of the buildings at Sandy Hook Elementary had passed a vote to be demolished and rebuilt.

Columbine High School replaced the library where most of the school shooting murders occurred.

To me this seems like an opportunity to help the victims of these crimes. Why not render these houses unlivable (which most are after evidence is removed) and sell them to an investor who would be forced to rehab the property in order to sell it? Use the proceeds to support the victims.

I know there will always be a good case for both arguments and I suppose there are a lot of peripheral factors to consider (who would want to live there?). But if these homes had to be rehabbed, had equity and the victims could benefit from it, why not give it a try?

Of course, the school shootings would not apply to this issue. But maybe there is another solution for schools to help victims benefit as well.

Your thoughts?

 

Let’s Talk Real Estate- Apps

Whether you are looking to buy or sell real estate, keeping your finger on the pulse of the market has never been easier. With technology ever evolving real estate consumers can have instant access to a plethora of real estate tools right on their smartphone. What tools do I speak of? Apps, of course.

Here is a sampling of real estate apps I have downloaded on my iPhone 5- Bankrate Mortgage App (daily interest rates), Mortgage Calculator, New Home Source, Behr Color Smart App, Realtor.com, Zillow (not a fan of Zillow, but hey, why not), Houzz (for great decorating ideas), ARMLS (Realtor MLS), Shea Homes, Redfin, to name a few. Having a Twitter app and following @myrealestatecop is not a bad idea either (wink, wink).

It amazes me how much information is right at my fingertips. If a client asks me about the daily interest rate I simply pull up the Bankrate app and tell them the overnight national average. If I am asked what a mortgage payment will look like on a 250K home with 20% down I go right to my mortgage calculator app (don’t forget to add insurance and taxes!). I can also search the MLS, coordinate colors and get design ideas on the spot.

These great real estate tools are available to everyone, so why not start using them? Make sure either you or your real estate agent is tech savy so you are not missing out on these great sources of information.

 

Should Frank Lloyd Wright Home Be Saved?

There is an ongoing debate in the Phoenix desert over a Frank Lloyd Wright-designed home in the Arcadia neighborhood currently on the market for about $2,379,000. The issue at hand is the disposition of the home itself. A property development company, Meridian 8081, intends to demolish the structure and redevelop the 2 acre plot near Camelback Mountain while the Phoenix City Council  scurries to find a way to save the property.

Recently, the Phoenix City Council launched proceedings to designate the home as a historical property. This move, if approved at an upcoming December 5th council meeting, would please architects and historical preservation advocates alike and would prevent the home from being demolished for 3 years. On the flip side, many real estate experts believe such a designation would reduce the value of the property.

In Arizona there are laws that require voter approval for any governmental action that would reduce property values.

The burning question is whether the local government is doing the “wright” thing or if they are overstepping their boundaries on private property. What do you think?

 

 

Beware of Open House Scammers!

I was made aware of a scam a few years ago involving a couple making the rounds at various open houses throughout the valley. They were not there to look for a new home. They were, however, looking for valuables. The scam works like this:

Either the male or female would engage the listing agent and show interest in the property. Meanwhile, the other half would wander to another part of the house (usually the master bedroom) and either conceal items or place items outside a window to be collected after exiting the property.

The important thing to remember is you never know who will show up for an open house. A sign in sheet is fine, but a thief is not going to write down their real name before robbing you blind.

A vigilant real estate agent is your best hope at protecting your property while hosting an open house. The agent should tour the house with prospective buyers. If they try to seperate during the tour the agent should make a point to explain how the format of their open house is to physically tour the property with all prospective buyers. They should further explain the “purpose” is to be available to answer questions and point out features of the property.

The next time you have an open house remember to remove all valuables from the property before hand. Call the My Real Estate Cop squad for more tips and tactics if you are looking to sell your home in the Phoenix area.

 

5 Signs of a Former Drug House

During your home search you may come across a house that makes the hair on the back of your neck stand up. Here are 5 tell tale signs of a former drug house:

1. Reinforced door jams. Drug dealers will often put extra nails in door jams to make it more difficult for police or rivals to kick in their door. Look at the front door frame. Does the frame have several extra nails or screws and is the wood splintered?

2. Surveillance cameras. Of course drug dealers want to see who is coming. I have cameras on my house too, so don’t think every house that has cameras is a drug house. Drug dealers never wire the cameras correctly either. They usually just run the wire across the front of the house.

3. Lots of traffic. Talk to the neighbors to find out if the house you are looking at had a lot of foot and vehicle traffic at various times. If you are at the house for a while see if anyone shows up looking for the homeowner.

4. Premise history. Go to your local police department and ask for a premise history on the house you are interested in. You will see all of the police calls for service at the house and determine if the house had any drug issues. You may be asked to fill out a public records request in order to get the premise history.

5. Go to the local County Assessors office (or website) and obtain the name of the person who currently owns the property. Search their name in Google and Facebook and take a peek into their background. I’ll post more on this topic at a later date.

These tips are not all inclusive. Trust your instincts when looking at homes and do your own due dilligence! Follow us on Twitter @myrealestatecop.

 

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