Fliperati

Cheese-Free Real Estate Investing Blog Focused on Flipping Property in the NY/NJ Area


This Just In

I had just finished posting the wood floor update when there was a knock on the door here at the flip house.  When I answered I found two very chipper middle-aged women who immediately bombarded me with questions about the house.

“Are you the owner?  Are you fixing it up?  Will you be living in it or renting it?  When will you be done?”

Apparently they noticed the construction waste in the side yard and were wondering if I was fixing the place up for rent or for sale.  I told them I would love to keep it and rent it but was planning on selling it at the end of the month when the renovations are complete.  One of the women is moving to Jersey from Pennsylvania and she and her friend are out trolling the area looking at rentals, although she said she was also considering buying a place if she found a house/neighborhood that she really liked.  It seems like my property fit the bill and she is bringing her husband back this afternoon to take a walk-through.  They seemed very excited about the house and were extremely complimentary about the work that had been done so far.  While I don’t think anything concrete will come out of their interest in the house, it is encouraging to get such positive feedback from real-life prospective buyers.  I’m definitely anxious about the final outcome of my first real estate investment, so this was much-needed encouragement.  I’m interested to see what the woman’s husband will think and I really hope they come by before I leave this afternoon.



Comments

  1. September 8th, 2006 | 12:35 pm

    That’s awesome! What good fortune. You never know. There is something exciting to buyers about getting an “off-market” home. Perhaps they think they are getting a bargain, and maybe they are. I read a RE Broker say that seller’s will sometimes mistake an early offer for general market buzz and hold out for more $$$ that doesn’t come. So they wind up selling it for less than the first offer that was made. If they make a reasonable offer, you may want to seriously consider it. You’d be the man if you were able to swing the sale so quickly.

  2. Viridian.
    September 10th, 2006 | 2:19 pm

    That’s a good prelude to the internal debate I would have if this woman actually made an offer. She said she was going to come back around 4:00 and I had to leave at 2 and forgot to leave a note, so I may not even hear from her again…

  3. September 13th, 2006 | 2:51 pm

    Flippers in Trouble…

    Everyone knows the market has cooled and Flippers in Trouble has posted depressing figures on what homes in Sacramento went for and what they are asking now. Maybe it’s not so depressing as this correction was bound to come and……

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