This was a great opportunity for the family that purchased this home. They got it for $32,000! What a deal for them. Congratulations and we hope you thoroughly enjoy your new home. Connect with Adams AMI to sell your home too. 770-914-0369. The facts - BIG, BIG home here. 4 beds, 3 full baths, over 2200 Square feet. It needed some work though. A good updating. Carpet, Paint, appliances, some window replacements, etc. The seller had a total of 9 offers on this home. We started at 54,000 - the market did not respond to that price. Reduced and then it was a good deal! It went to highest & best - which means each prospective buyer was notified of multiple offers, asked to submit their highest price & best terms. Speaking of terms - not all terms are alike. Cash is great. No appraisal contingencies, no finance contingencies - home inspection and you're on your way. If you are using financing and offer a higher amount, it's not always the best for the seller and they may take a cash offer that is slightly lower because there are fewer risks they would have to take, right? If you are using Hard Money to invest with, take a look at the costs. The costs with hard money loans or private loans is pretty high. so how do you do that? Well, you buy at the right price, don't underestimate your repair costs, figure how much you are paying on your loan, and then what the market will bear - how long it takes to sell and who your most likely buyer is. Adams AMI has been a professional partner to many investors helping them answer questions just like these. Connect with Adams AMI. 770-914-0369.
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