Tag Archives: rehabber

Why Investors and Rehabbers Prefer NON-MLS Properties

 

The Multiple Listing Service or MLS begins counting the cumulative days on market (CDOM) as soon as a listing is entered.  When an investor or rehabber purchases an “AS IS” property that has been listed it already has amassed an amount of CDOM.  Once the improvements have been done and the rehabber needs to get the completed project marketed unless 90 days has passed from the last MLS listing the count continues adding days to the previous listings CDOM.  The history of that property on the MLS will indicate a price increase, because the improvements have hopefully increased the property’s value and an inaccurate number of cumulative days on market.  At quick glance this fresh listing can look stale.  When a rehabber purchases a property that has not been listed on the MLS, the day the improvements have been made the property can then be listed with a Realtor and appear as a new listing with the CDOM count begining at one.

Old Meets New

 

Photo Courtesy Haute Nature

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This vanity photo courtesy of Haute Nature is a lesson in up-cycling and reuse.  As rehabbers we should examine articles already found in a property to see if they can be utilized in the new design of the space.  All too often furnishings are replaced with newly purchased items that don’t necessarily add value to  a property visually or from a resale perspective.  Consider offering a bespoke rehab instead of another big box look.  Try reusing found objects,  not only will you save rehab dollars but you’ll increase the appeal of your project.

Check out Haute Nature:

http://hautenature.com/design-architecture/