Jeff Anderson Wholesale Deal
A TEAM MARKETING, LLC
in Henrico, VA
Jeff Anderson with JOANNA ANDERSON
A TEAM MARKETING, LLC
in Henrico, VA
Jeff Anderson with JOANNA ANDERSON
This was a wholesale deal that we did an assignment on so there was no need to provide financing. We only had earnest money deposit that we provided and the fee for wiring the assignment.
We did not do any repairs to the property. However, we estimated the repairs at around 7k - 12k.
We marketed this deal with Realeflow, we did a sell point blast, and I also blasted it out to our buyers from the local Real Estate Investors Club. We received multiple offers within a few days and we ended up going with one of the local investors who was a member of the local investors club.
As we were getting ready to close, the seller tragically passed away as well so the property had to go through the probate process. This was also a condo, so there were certain HOA documents that were needed for the closing process. rnrnWith those factors, some of the takeaways were just understanding the process for closing a condo moving forward. Also, if the end buyer was ready to close with cash fast we may have been able to avoid the initial delay.
Thanks to the FB Team for all of the knowledge and support as always! Also thanks to RealeFlow for making it easy to send a blast out to our buyers list.