I just closed with some buyers who moved to the Ogden area from Tennessee. In our pursuit of the right home, we stumbled upon this property near 40th South. The home was listed for $98,000 and had been on the market just over two months at the time of our offer. At the time, market sentiment was down so we decided to press our luck and see what kind of price concession we could obtain. We offered $90,000 and asked for $2,700 in closing costs.
The next day we got a call that our offer was accepted. Wow! It appears that the sellers were more motivated than we had anticipated. I had prepared my clients for a counteroffer somewhere in the $95K range.
Initially, we believed the home was owner-occupied due to the nature of the furnishings and the condition of the property. However, it turned out that the occupants were tenants and the owner was living in Mexico. They were motivated to clear the home from their books. Hence our accepted offer.
After that the transaction went fairly smoothly except for a couple inspection hiccups and some minor paperwork hassles at the very end of the process. Overall, it should be a great home and some some upside when it's time to sell in the future.
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