We listed this property back in May. Shortly after putting it on the market for $149,900 we began receiving inquiries. Several weeks later we received an offer.
The buyers made their initial volley to us at $135,000. That was quite a bit lower than our list price but one of our conditions was that the offer be written subject to inspection after acceptance of an offer. We didn't want buyers disturbing the peace of the tenants during the marketing period. Since the buyer's didn't know what the interior looked like, they aimed low. I assured the buyer's agent of the condition of the interior and we counter offered them $145,000. They accepted our counter.
The contract on this property went exceptionally smooth. The buyers were well qualified and the appraisal came back with no problems. The buyers were also satisfied once they did their interior inspection that the condition was what we had represented to them.
Congratulations to my sellers on quickly liquidating their property!
If you are thinking of selling your rental property, contact me and we can put a plan together that is right for you.
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