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Updated almost 10 years ago,

User Stats

52
Posts
5
Votes
John T.
  • Dayton, OH
5
Votes |
52
Posts

full price offer 2 days before house open to public

John T.
  • Dayton, OH
Posted

wanted to get opinions on this. I've done rehabs but they've always turned to rentals, this is first house i flipped so im new at this selling thing. I listed my property on monday but nobody was allowed in til thursday. Well 2 people got in anyway. One party seemed very interested i personally met them and from there chatter with me they seemed basically sold. The other party had a realtor video the house to his client who is across the country and moving here in 45 days. Another party is pushing to get in tomorrow cause they want a chance before it goes away. So the guy across the country made the offer. Apparently hes had a few places slip out of his hands and now he placed a full price offer. However its a VA loan which requires 4% at closing apparently and he wants home warranty, few other things included in closing costs i would effectively pay.

So in the end its about a 5% reduction in asking price.  Neighborhood is real nice and inventory for type of home ive done is low.  If it were you, what would you do?

Sidenote: house is priced at a good sweet spot and the quality seperates it from the pack so i dont feel like its way underpriced based on comps etc.  I cant move on to next one til i get money from this one

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