From the category archives:

Selling

House #8: Final Analysis

September 18, 2009

We closed on the sale of The 16-Bid House today. It was a partial rehab and quick resale to another investor. Below is a final analysis of the deal, including financial results and statistics…
Timelines
Despite the fact that it took over six months to get the purchase of this property closed, the rehab and [...]

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House #11: Financing Issues

September 17, 2009

As I’ve mentioned on a number of occasions, our project manager for Lish Properties (who is also my brother) is in the process of buying The Sunglasses House. And to be more specific, his fiancee was buying the house with a loan in her own name, and both of them are to be on [...]

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House #8: First Contract

September 14, 2009

After several showings of The 16-Bid House over the weekend, we received two written offers, and several other interested buyers…
So as not to extend this deal too long (baby is coming any day now), we decided to try to negotiate the best offer to where we wanted it, and get the paperwork signed as quickly [...]

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House #6: Second Offer

August 11, 2009

After having The Red Garage House under contract to sell for several months, it’s now been back on the market without an offer for nearly a month.
Today we received our second offer (the first offer since many months ago), which is nice considering how many times we’ve gotten positive feedback from buyers on this house. [...]

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House #12: First Offer

August 9, 2009

The Mini House has been on the market for about two and a half weeks, and — despite the fact that it isn’t even staged yet — we’ve gotten a lot of interest from potential buyers. This weekend, we received our first offer on the property.
The offer was for about 95% of asking, with [...]

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House #9: Closing Scheduled

August 7, 2009

Sorry I haven’t posted much this week, but my desktop PC crashed, and it’s currently being repaired. Let this be a good reminder to everyone else to back up your computer…my not doing so anytime recently may cause me a lot of grief if I end up losing a bunch of data…
Anyway, a quick [...]

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House #11: First Offer

July 8, 2009

We officially got our first offer on The Sunglasses House today, despite the fact that we’re still a month away from finishing the rehab…
The offer came from our project manager (my brother) and his fiancee, who have been looking for a new home for themselves for several months now. In fact, they’ve put in [...]

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House #7: Third Offer

May 7, 2009

Hopefully the third time is a charm in trying to sell The Roach Duplex. After a ridiculously low offer that we turned down, and after a failed attempt at getting a buyer to follow-through on their contract, we now have a third offer…
My wife received a call this morning to check the duplex out, [...]

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House #5: Final Analysis

April 24, 2009

As of a couple hours ago, The DIY House is officially sold!
This entire project has been insightful, fun, and rewarding — both financially and just from the perspective of renovating a relatively big house. This is the first major rehab we’ve done without a General Contractor, and we’ve quickly realized that managing [...]

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House #6: Appraisal, Inspection

April 22, 2009

The buyers for The Red Garage House had their appraiser and inspector come out to the house this evening, and they said they’d love for us to be there with them during the appraisal and inspection. Of course, we were happy to attend…
The appraiser came by first, spent about 15 minutes at the property, [...]

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