![]() 09/06/2019 at 10:35 • Filed to: None | ![]() | ![]() |
I just signed a purchase agreement with an investor to buy my old house. His offer was within $5k of what my agent has estimated i’d clear after fees/etc. at what he felt it would sell for in the area. Given it was going to take at least that much and a couple months to have it ready to sell, this was a no brainer.
Closing will be in 2-3 weeks and the only stipulation is his business partner has to look at the house and agree. They offered to pay lawyer fees if i used their lawyer, but I’m using my own to cover my ass.
So now i just have to empty the place, and hopefully soon i will have less stress and a bunch of free cash to upgrade the garage at the new place.
![]() 09/06/2019 at 10:49 |
|
Fast close as not fucking around buttoning up neglected projects, within $5k of market value?
There are no- brainers, and then there are bigly no-brainers. Nice work.
![]() 09/06/2019 at 10:54 |
|
Yeah. I suspect they think they can flip it for another 100k based on similar sized houses. But the layout is a bit odd and it is next door to the highway. So there isn’t as much there as they think. But I’m not going to correct them....
![]() 09/06/2019 at 11:07 |
|
Sounds like a good deal. So you’re going from 2 houses down to 1?
![]() 09/06/2019 at 11:48 |
|
Our neighbors just sold their place. Open house was Sat, a cash buyer offered 10K over asking, and they closed the next week and are allowed to rent back for two months.
Can’t go any smoother than that.
![]() 09/06/2019 at 11:53 |
|
That’s pretty great!
![]() 09/06/2019 at 13:32 |
|
Yes. Bought the new one with the intent of selling this one. Stumbled on the new one, so there was no chance for selling the old one first.