Tuesday, June 12, 2007 5:35:16 PM
Day 133: FINALLY SOLD!!!
Finally sold my 4/2 investment property. Started off listing it at $685K. Ended up taking $640K. I made it into one of the best deals in the area and it still took a long time to sell.
One lesson learned: don't be greedy! There was a buyer (pre approved!) that came in just a month after listing. They offered $650K and a close within 2 weeks. I was stubborn and told my agent to try to get them up to $655K. Foolish move as they went with another house instead. Three months later I end up taking $10k less. I'll be smarter next time.
Next up: Advertising blitz, and hitting the courthouse to find all the NODs. I would like to get two more properties before the end of the summer. I now have a great hard money lender lined up to fund all my projects.
We'll see what happens.
bry
Finally sold my 4/2 investment property. Started off listing it at $685K. Ended up taking $640K. I made it into one of the best deals in the area and it still took a long time to sell.
One lesson learned: don't be greedy! There was a buyer (pre approved!) that came in just a month after listing. They offered $650K and a close within 2 weeks. I was stubborn and told my agent to try to get them up to $655K. Foolish move as they went with another house instead. Three months later I end up taking $10k less. I'll be smarter next time.
Next up: Advertising blitz, and hitting the courthouse to find all the NODs. I would like to get two more properties before the end of the summer. I now have a great hard money lender lined up to fund all my projects.
We'll see what happens.
bry
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