johnplav Posted August 9, 2022 Share Posted August 9, 2022 Unbelievable... good for you guys. 1 Link to comment Share on other sites More sharing options...
BizCT Posted August 10, 2022 Author Share Posted August 10, 2022 On 8/9/2022 at 12:45 PM, johnplav said: Unbelievable... good for you guys. Expand it's been madness actually. With all the escalation clauses, etc. We accepted someone at $467,500 cash who quickly changed their mind and said $425K only. We said no and went onto our 2nd best buyer at $470K cash who quickly said they changed their mind. So we went onto our 3rd buyer pick at $470K with a mortgage, but before we could get contracts the second buyer came back and is back in for $470K cash so now waiting on contract for that. Craziness. He's a builder so must be planning to flip it. Link to comment Share on other sites More sharing options...
The_Real_TCIII Posted August 10, 2022 Share Posted August 10, 2022 What does it need? Updating? What can it go for updated? $600k? Link to comment Share on other sites More sharing options...
BizCT Posted August 10, 2022 Author Share Posted August 10, 2022 On 8/10/2022 at 2:20 PM, The_Real_TCIII said: What does it need? Updating? What can it go for updated? $600k?Look at the pics lol. He needs everything updating inside. I guess it depends on if they finish the basement or not? Maybe in the $700’s? There’s a ton of 10-15 year old outdated houses in the $700’s similar size. If it was 3 few miles south in Westchester County, I’d say much higher Sent from my iPhone using Tapatalk Pro Link to comment Share on other sites More sharing options...
The_Real_TCIII Posted August 10, 2022 Share Posted August 10, 2022 On 8/10/2022 at 2:29 PM, BizCT said: Look at the pics lol. He needs everything updating inside. I guess it depends on if they finish the basement or not? Maybe in the $700’s? There’s a ton of 10-15 year old outdated houses in the $700’s similar size. If it was 3 few miles south in Westchester County, I’d say much higher Sent from my iPhone using Tapatalk Pro Expand Ok then the flip makes sense I guess. You should have done it Link to comment Share on other sites More sharing options...
BizCT Posted August 10, 2022 Author Share Posted August 10, 2022 (edited) On 8/10/2022 at 2:31 PM, The_Real_TCIII said: Ok then the flip makes sense I guess. You should have done it Expand No way. Material costs and delays, nobody wants to work, everyone overcharging for home-related stuff, etc. It's different and easier for a builder who is doing it themselves. The Depew house for $30K was the one to flip! where were you 10 years ago? Edited August 10, 2022 by BizCT 1 Link to comment Share on other sites More sharing options...
BizCT Posted August 10, 2022 Author Share Posted August 10, 2022 @The_Real_TCIII we sold it for $32K, then it sold for $47K, then $90K, then $136k! Link to comment Share on other sites More sharing options...
BizCT Posted August 16, 2022 Author Share Posted August 16, 2022 Contract signed. closing 8/29. Lock it up! 1 Link to comment Share on other sites More sharing options...
The_Real_TCIII Posted August 16, 2022 Share Posted August 16, 2022 On 8/16/2022 at 5:43 PM, BizCT said: Contract signed. closing 8/29. Lock it up!Congrats @Dom!!Sent from my iPhone using Tapatalk Pro 1 Link to comment Share on other sites More sharing options...
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