House #5 – Closed Escrow Jul 30

P1230022House #5 has been in escrow since mid-April and the buyer was struggelling to qualify for financing.  Just as we where getting ready to throw the buyer out of escrow, they emailed us and said they are approved to draw loan docs!!  This was great news, but where not that confident in their abilities.

At the end, they did, somehow, end up closing!

This house is actually our lowest profit deal.  Which really suprises me, the house looks great in my opinion and we bought it at the right price. It boiled down to three things, when we sold it the area comps were really bad, we went about $5,000 of budget in fixing it and the house is quite small (3 bedroom 2 bathrooms in 1,000 sq ft).

The Before and After Pictures

Front

Before

PA140001

After

P1230023

Kitchen

Before

PA140006

After

P1230037

(this picture is before it was finished and the bar top granite was not installed yet)

Bathroom

Before

PA140009

After

P1230025

Backyard

Before

PA140018

After

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