Okay so today I had the realtor in. The first of two, the other comes tomorrow. The gal today I really enjoyed. We toured around the house and discussed everything that was going on.
When I told her how much he had valued the house she said and these were her exact words, "Is he smoking crack?" I shook my head in agreement and said I am thinking so.
She loved the changes I had made to the place. She took some notes and then proceeded to take pictures so I would have something for the attorney. The realtor stated she loved what I had down to the bathroom. The kitchen looked great. The living room was acceptable. The retaining walls were also a nice touch as the fire bushes and stones on the side of the house.
As we were walking the yard she turns to me and says. I have to be honest with you. The house is worth what someone is willing to pay for it. Meaning it was a good candidate for flip this house. I busted out laughing and said you are 100% right.
She indicated that it was ashame that I could not keep the house as the monthly payment was good for the size of the house. She was surprised at how much room there was on the inside. I totally agreed with her. I said, I knew right away when we looked at this house I wanted it.
The problem lies in the 2nd mortgage. I am not taking that debt and if giving the house up that needs a new roof,driveway,painted inside and out,heating and air. Those are the high ticket items with lots of small projects that is what I am willing to do to cut all ties.
In parting the realtor from today said she would work the house up as if everything was in good shape and depreciate it from there. That sounded like a plan to me. So come on down realtor number two and tell me what you think.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment