From the category archives:

Selling

House #1: Second Offer

February 27, 2009

We received an offer on The Corn House yesterday. Not a conventional offer, but an offer for a Lease Purchase agreement. Basically, the way a “lease purchase” works is that the buyer makes an offer on the property, with the stipulation that he will close on the property at some point in the future (generally […]

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House #3: Maybe Next Week

February 24, 2009

If there’s one thing I’ve learned in the real estate business, it’s that nobody really does their job — at least not well. Coming from the tech world, I’m used to things moving quickly, and if you can’t keep up, you’re left behind (or fired)… Not so in the real estate world. While I fully […]

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House #3: Going to Closing

February 23, 2009

The due diligence period (the time the buyer has to inspect the property and decide to back out of the deal with no penalty) is now finished on The Second Chance House. This means that the buyer finished their inspections, appraisals, and got their financing approved, and we’re ready to go to closing. The process […]

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House #1: Under Contract

February 9, 2009

I mentioned the other day that we had received an offer on The Corn House, but weren’t sure if it would actually lead to a contract or not. While I wasn’t confident it would happen, we were able to get the property under contract today, and we’re scheduled to close in early March. This was […]

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Two Offers? Or Not?

February 6, 2009

Yesterday, I mentioned that we got The Second Chance House under contract. A few hours later, we got another offer on The Corn House. Both offers came through the same real estate agents (representing two different buyers). Unfortunately, at this point I’m not convinced that either deal will go through; while The Second Chance House […]

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House #3: Under Contract

February 6, 2009

After 33 days on the market — and a couple near-offers — we got The Second Chance House under contract today. I’m a little surprised it took so long, but given this real estate market, I shouldn’t be. The house is beautiful, and based on all the great feedback we’ve gotten these past several weeks, […]

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An Increase in Activity

January 20, 2009

While we haven’t yet gotten any offers on The Corn House or The Second Chance House, interest in both has picked up considerably in he past few days. I attribute this to two things: The Market: While it’s still a tremendously depressed market around here, that segment of buyer that we target — first time […]

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House #3: Open Houses

January 12, 2009

The Second Chance House went on the market last weekend, and by all appearances, the timing was pretty good. It seems that this weekend (just ended) was huge for Open Houses. In fact, many of the near $1M homes in my subdivision that have been on the market since we moved here (8 months ago) […]

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House #1: No Buyer

November 26, 2008

We had our first offer on The Corn House this past weekend, but unfortunately, it didn’t work out. The potential buyer called my wife on Saturday to take a look at the house, and mentioned up-front that she wasn’t yet pre-qualified for a loan. Of course, we walked her through the house anyway, and she […]

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House #4: Under Contract

November 19, 2008

It’s official — The Yellow Stain House is now under contract to be sold! We’ve gotten tremendous interest in this house over the past week, and it was only a matter of time before we got an acceptable offer. Today, not only did we get a very reasonable offer, but a second potential buyer who […]

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