"We work together with the banks to create a smooth transaction for all parities involved," Treger says. "The costs do vary from lender to lender, but our hope is to show the public how everyone benefits by considering a foreclosed home as part of their search.
The realtors provide the tour bus, and send a packet to
each potential buyer defining what a foreclosure is and how they differ from
the "usual" purchase. Treger says, "Everyone benefits as long we take the time
to properly educate them on the subject. Our first tour was a great
success and we look forward to the future dates we have scheduled. We
will do a tour each month through November 2009, at which time we will stop
for the winter and start up again in the spring."
Would something like this work in the city? Can you imagine if realtors got together and organized these types of packages that would lead people through rebounding neighborhoods? On the tour, visitors could stop off and see the local businesses that are sprouting up... places like Urban Roots and Artspace. Maybe there are people who would like to revisit old neighborhoods - people who might not take the time to do it on their own. It might behoove a couple of city realtors to take one of these upcoming tours to see how they work.
The next tour takes place on May 2nd, leaving at 10AM from the Realty USA office at 3830 Union Road at George Urban Boulevard. Approximately 6 homes will be shown, and mortgage officers will be present. Call 716.846.9401 or register at mcerto@realtyusa.com.
They should do one within the City limits it could be a marathon!