Get the word out--Eichlers in need of owners.

Hi,

I feel compelled to raise an issue that has been much in the news of late--the sale of distressed properties due to the poor economy (loss of jobs, moving to less expensive areas, etc.)

There are a lot of Eichlers at bargain prices that are going begging. My worry is that would-be developers/investors might buy one up and do a tear-down. I was surprised recently when an Eichler in a nearby neighborhood went for $200k under its value just last summer. Now we have two Eichlers for sale in my own neighborhood listing for $150k or more under market (one a bank repossession, the other a trust sale). True, such homes typically need some work but you can't deny the opportunity--especially for people wanting to get into an Eichler.

So, get the word out to any friends or family that have ever shown an interest in your home ;-) Talk up your neighborhood and what a great piece of California architecture Eichlers represent.

Jake
eichfan at rawbw dot com