From the category archives:

Selling

House #3: Moving Forward

March 25, 2009

As I posted the other day, The Second Chance House is under contract, and the buyers are moving forward full-steam. While they currently live out-of-state, they’re really on top of things, making our lives a lot easier… On Monday (12 hours after they signed the contract), they had an inspector come out complete a property […]

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House #5: First Offer

March 24, 2009

It’s been a good couple days… After receiving an offer on The Second Chance House less than 48 hours after putting it back on the market, we received our first offer on The DIY House today, just a week after putting it on the market! It was a very reasonable offer, and while we’re negotiating […]

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House #3: Second Offer

March 23, 2009

If you’ve been following the “exciting” drama of the past couple days, you know that the contract on The Second Chance House is now officially dead. On Friday, when it was clear that this deal was likely not going to close, my wife scrambled to get the house back in to showing shape — she […]

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Broker Frustrations (Part 4)

March 21, 2009

I’m expecting this is probably the last update in The Second Chance House mortgage broker drama, but wanted to update my readers on what’s happened… We sent the final extension amendment over last night (the one that said they must put the rest of the down-payment into escrow and pay $100 per day penalty until […]

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Broker Frustrations (Part 3)

March 20, 2009

After several days of dealing with the drama of The Second Chance House buyers, their mortgage broker, and their real estate agent, things finally came to a head yesterday. Most importantly, we found out that there was an important piece of information about the buyer’s credit that we were never told — they have a […]

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Broker Frustrations (Part 2)

March 19, 2009

I wrote yesterday about the difficult situation I’ve been having with a mortgage broker representing the buyers of one of my properties. Between the comments on my post and the comments on a couple Internet forums I frequent, the advice and feedback I’ve gotten has ranged from “You just have to sit back, wait, and […]

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Mortgage Broker Frustrations

March 18, 2009

Just thought I would take a couple minutes to vent some frustrations, and perhaps solicit some feedback from others who may have some ideas on how to proceed… The not-so-quick story: The Second Chance House has been under contract for nearly 6 weeks now, and we’re about 3 weeks past the original closing date. The […]

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House #5: Rehab Complete

March 15, 2009

It’s been a couple days since I last posted; with lots of visitors in town since the baby news, lots of work going on, and lots of college basketball to watch, it’s been difficult to find time to write… Anyway, we completed rehab on The DIY House on Friday, and it’s now officially on the […]

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House #7: First Offer

March 12, 2009

We received our first offer on The Roach Duplex today…and rejected it… We listed the property on the MLS last week, and in that time have gotten quite a few calls. Many — I believe — are from potential owner-occupants who are scared off when they see the condition of the property (it needs about […]

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House #1: Contract Signed

March 3, 2009

As I mentioned late last week, we received a Lease Purchase offer on The Corn House. After much consideration, and a lot of great advice, we’ve decided to accept the offer and move forward… In addition to having good contracts terms (full price sale, decent down-payment, high monthly rent, etc), we also did the following […]

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