From the category archives:

Houses

Follow The Offer II

August 5, 2010

I posted yesterday the details of our latest property negotiations. As I mentioned, we had made an offer, the bank countered our offer, and we had just submitted a second counter-offer to the bank… This morning, the bank responded by requesting our “highest and best” offer. This essentially means that the bank doesn’t particularly want […]

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Follow The Offer

August 4, 2010

Not much to write about today, but since I get a lot of questions asking about the negotiation process I go through with my REO offers, I thought I would share the details of the latest house we’re in the process of negotiating. I don’t know if we’ll end up getting the house or not, […]

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House #17: Final Analysis

May 21, 2010

We closed on the sale of The Escher House today… From start to finish, this was a fun project. Not only did we push ourselves to get this one done very quickly (4 weeks), but we did some major landscaping renovations that we’d never done on any properties before, so that posed some new challenges. […]

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House #17: Ready To Close

May 13, 2010

Looks like everything went as smoothly as we could have imagined (so far) for the sale of The Escher House… We completed two appraisals last week, and were pleasantly surprised when they came back at $180K and $185K, given the $175K sale price (these days, appraisals generally come within $1K of the sale price if […]

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House #1: Update

May 11, 2010

It’s been a long time since I’ve provided any updates on The Corn House, and I’ve gotten a couple inquiries over the past couple weeks, so here goes… For those who haven’t been reading this blog for long enough, The Corn House was the very first house we ever purchased. We overpaid a bit, and […]

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House #17: Appraisals

May 7, 2010

Because the buyer is FHA and we’ve only owned the house for about 6 weeks, The Escher House needs two appraisals before the loan will be cleared… The first appraisal was scheduled for this past Wednesday. As usual, I put together my folder to give to the appraiser…this included a list of renovations, a detailed […]

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House #17: Inspections

May 4, 2010

[First, if you haven’t voted for Chase, there’s still time! :)] The Escher House went under contract last week, everything is going relatively smoothly and the buyers had their inspections this past weekend… To be honest, I don’t think I’ve ever seen an inspection report from a good inspector with as few issues as this […]

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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 […]

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House #17: First Contract

April 26, 2010

Well, as I mentioned, it was a crazy couple weeks trying to get The Escher House on the market before the tax credit expired, but our hard work paid off — two days after it was listed we received our first offer. And within 24 hours after that, we had negotiated a full-price contract, and […]

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House #17: Final Pictures

April 23, 2010

With a couple exceptions, we have finally finished The Escher House rehab, including the staging and listing it on the MLS… We did a full cosmetic rehab, plus some structural repairs and major landscaping in about 30 days, which is pretty amazing given the bad weather we had for the first half of the project, […]

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