This was an MLS foreclosure held by a local bank on the market for a long time due to the condition. We initially offered 32K but after inspection realized there was no legal septic and it had multiple other issues. We provided estimates and bank accepted 16K. We learned a lot on this one about how the calendar affects sales, septics, contractors, and contingent offers. After 3 accepted offers and not renewing the realtor contract, we finally sold it ourselves to the perfect buyer!
How did the FortuneBuilders team and resources help you to accomplish this deal?
If we had not followed the systems and made the offer with an inspection contingency and left that 30% LTV buffer we would have lost money. Follow the systems!!