It has been a pretty boring week. The market is a bit slow, still getting a couple calls on the stuff we have for sale and actually got one or two decent offers so that looks promising. We are lowering what we’re willing to pay again, pricing us completely out of a lot of stuff, so we haven’t been looking real aggressive. We put another one under contract, just an okay deal, but will make a good rental (it’s in our main farm where we have many rentals).
Here are some pictures of the latest deal we just closed on. This is definitely the worst house in a great neighborhood. It is actually one of the better houses we have owned. I would love to keep it, but the prices are a bit too high, plus I think I have a buyer who would buy this lined up.
The house is 3 bedrooms, 2 bathrooms, and about 1,600 square feet. On a good sized lot, and it needs everything. The roof is bad damaged, the ceiling had some water leak through to it, so some of it needs replacing.
Overall, we paid a little bit more then we normally do, but it should sell quickly with a decent profit. The main logic behind paying a little bit extra is, this is a new REO office for us that is pretty big. We wanted to show them we could perform and hopefully get on their short list. We already put a second house under contract and now one of the agents is calling us about his pre-listings! Which is always nice.
Here are the pictures:
The hole in ceiling
Have a good weekend everyone!