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Foreclosed Homes for Sale: 3 Types of Cleaning Services Banks and Realtors Need for Their Foreclosed Properties
Expand Your Cleaning Biz to Foreclosed Properties
Cleaning foreclosed homes has become one of the most lucrative small business opportunities to come down the pike in the last few years. And, with home foreclosures continuing to rise, it’s likely to be so for some time to come.
Those who already operate some type of cleaning business – commercial or residential -- are perfectly situated to handle many of the services these homes need before realtors can put them back on the market to be resold or rented. It would be a great way to increase the client list of an existing cleaning business.
Following are three common services foreclosed properties need that cleaning companies could fulfill.
Foreclosure Cleaning: Services to Offer Banks, Realtors & Others with Foreclosed Homes for Sale
White-Glove Cleaning: Many foreclosure cleaning companies offer what’s known as a simple “broom swept” clean. They don’t offer the more an in-depth, “white glove” cleaning a home that’s been sitting on the market for a while might need – this is especially true if the home is going to be occupied by new owners/renters soon.
When a property holder (realtor, banker, home buyer) is getting a home that has been foreclosed on in market shape, this is what exactly the type of cleaning they need though.
Why the Current RE Market Needs Professional Cleaning Services
This type of cleaning is particularly needed in the current real estate market because homes are sitting empty for months on end; sometimes a year or more. And, with sellers looking for every competitive advantage they can get, a good, deep, “white glove” cleaning is one way to get it.
If you own an existing residential or commercial cleaning service, you can make foreclosure cleaning one of your prime niches to target to increase your bottom line for years to come.
Window Cleaning: Nobody likes to clean windows; they are cumbersome to do; require a lot of time and some equipment (eg, a ladder).
For all of these reasons, window cleaning is a much-desired foreclosure cleaning service. This is particularly true when it comes to cleaning windows from the outside and/or those that are high up (eg, on second or third stories of homes).
Because these require equipment like ladders – and experts who are accustomed to working on ladders many companies that can handle cleaning the interior of a foreclosed property, but they won’t even bother to bid on the window cleaning.
FYI, a secondary reason window cleaning may be bid out separately is because of insurance. You see, due to the inherent danger of this profession (being up on a ladder), banks, realtors and others who are preparing foreclosed homes for sale look for legitimate cleaning companies who have the right insurance for foreclosure cleaning jobs.
Many “man with a van” type operations don’t have the requisite insurance and the vast majority of realtors and banks won’t hire contractors who don’t have proper insurance.
Pressure Washing: This is another commercial cleaning service that requires a professional. Too much water pressure or the wrong cleaning solution can rip the paint right off a house; or put a whole through vinyl siding, or discolor stone. And again you have the insurance requirement because of the dangers of ladders.
For all of these reasons, realtors, bankers and others who have a roster of foreclosed homes for sale hire professional cleaning companies to maintain their properties. And, that cleaning company could be yours.
Learn more about how profitable foreclosure cleanup is in the NBC news video below.