Do you know how foreclosures affect neighborhoods?

Yes, there's the obvious. The grass gets tall, the home not only is abandoned, but looks abandoned. There's old newspapers in the yard.  And there's always the threat of people breaking in for nefarious activities or vanadalism that could spread to your home.

But monetarily, for every foreclosed home that shows up in your neighborhood, your property value will decline by 1%, initially.  But worst than that, when that foreclosure sells at a drastically reduced price, your values will tumble even further.

We have been faced with homes dropping in value by over 25%.  Example:  appraised for $268K in May only appraised for $210K in October; home appraised for $615K in May, sold for $400K the following year. It's not good and we're not out of the woods yet.

Buyer wants refrigerator and water heater needs to be serviced

What do these two things have to do with each other?

Well, "Buyer wants refrigerator", was an actual stip that a good friend of mine wrote years ago on a contract where she was representing the buyer.  So what!  I want a million dollars, but that's not gonna happen.

The second one, "Water heater needs to be serviced", was written on a special stip just the other day.  Well, maybe so... So what?

Neither of these stips say what has to be done, who's going to do it, by when, and who's going to pay for it.