From the category archives:

House #14

House #14: Update

August 29, 2010

It’s been a while since I’ve given an update on The Pine House…
Last I mentioned, we had a second full-price contract on the house with a buyer who was getting funded through NACA. I’m sure I mentioned it at some point (though I can’t find any posts), but because NACA is so backed up [...]

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House #14: Second Contract

April 27, 2010

It was a good weekend for us — not only did we get a full-priced offer/contract on The Escher House, but we also received a full-priced offer on The Pine House!
This offer came from a buyer who is using the NACA loan program that we became familiar with back when we were selling The Hat [...]

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House #14: Staging Pictures

March 31, 2010

It turns out the potential buyer for The Pine House wasn’t qualified for a mortgage, so as of today, the house is officially on the market…
This was an incredibly long and tedious project relatively to some of our others — it took over 9 nines to complete, we were over budget by about 10%, and [...]

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House #14: First Contract

March 29, 2010

I was going to post today about how we just put The Pine House (sorry, post-rehab pictures coming soon!) on the market, but I’m more excited about the fact that we received our first offer (and contract) even before it hit the MLS…
We spent the weekend finishing up last minute details of the rehab, and [...]

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Update for 2/26/2010

February 26, 2010

Here’s an end-of-the-week update on all the houses and other stuff going on…
House #1: The Corn House
We found out that the lease/buyers for this house haven’t been paying off their credit card each month like the credit repair company suggested. They likely would have qualified last month if it had not been for [...]

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Update for 1/29/2010

January 29, 2010

Very quick update on all the houses and other stuff going on…
House #1: The Corn House
According to the credit repair company we have them set up with, the lease-purchase tenants may be close to qualifying for an FHA loan. I don’t know if that’s actually the case, but we plan to have them [...]

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House #14: Officially Ours

January 20, 2010

I won’t go into much detail, but let’s just say it wasn’t pretty trying to get The Pine House purchased. After numerous arguments with the listing agent, threats of lawsuits, threats of keeping earnest money, etc, we finally got this purchase closed today.
Basically, the asset manager for the selling institution (Fannie Mae) [...]

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Lots of Closings (Hopefully)

January 13, 2010

Just a quick post, as we’re traveling this week to Washington, DC for another staging gig…
In theory, we have a lot of closings coming up next week:

House #12: The Mini House: The buyer now has an $1800 deposit riding on her being able to close her loan by the end of this week. [...]

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Update for 12/31/2009

December 31, 2009

Just a quick update after my post from the other day, where I complained about all the issues with our closings this week (thanks for all the feedback, btw!)…
As for the two houses we’re scheduled to buy — The Pine House and The Neighbor House — there is no new information. Neither closing has [...]

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Disappointing Week

December 30, 2009

It’s been one of those weeks where I really wish I wasn’t in this business…
We were scheduled to have four closings this week — the sale of The Poor House and The Mini House and the purchase of The Pine House and The Neighbor House — but it looks like we’re not going to have [...]

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