I heard this from a Seller last week. Well…I LOVE good competition! He had been referred to me by a past client who knew I had a roster of buyers IF the terms and prices were right.
I met with the Seller and we went over our two scenarios..
1. Fix up the property in the La Quinta Cove, which would take approx. 60 days and sell for approx. $50/sf MORE than what it is worth as it sits.
2. Sell it “as is”, no guarantees by Seller, Seller to do no repairs. Of course, this price was MUCH lower/sf, but what the property was worth.
Mr. Seller told me that if I could get the “as is” number under contract within 24 hours, I could have the listing. He signed the Listing Docs, and off I went!
Called my first choice Investor for the property because he makes quick decisions, has a local crew, and does a beautiful re-hab job, thereby increasing the neighborhood property values. He also pays CASH with a quick close and is not afraid of “as is.” Buyer sent over full priced offer the next day and I made my dead-line!
Into Escrow and closed Friday 1/17. The re-habbing has begun!
If you’re stuck as to your property value, give me a call for your FREE property consultation. You may be surprised!