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Updated almost 8 years ago,

User Stats

13
Posts
4
Votes
Megan Moulton-Levy
  • Real Estate Agent
  • Woodridge VA, VA
4
Votes |
13
Posts

First fip completed, however, it has been sitting on the market for 3 months! Help

Megan Moulton-Levy
  • Real Estate Agent
  • Woodridge VA, VA
Posted

Hi everyone! I am a new investor in the Hampton Roads Va area.  In January I rehabbed my first property.  The job was supposed to take 6 weeks it ended up taking 11 weeks. The intial budget was 73K including the price of the home and the final amnout spent was 85K.  Despite the fact that I was over budget and time I am very pleased with the outcome of my first project. 

I had a full price offer of 120k and a ratified contract within the first 3 weeks that the property was listed.  However, the contract fell through and ever since then there has not been much activity.  The home is listed with a real estate agent.  Any advice as to how to proceed? 

I am in the middle of a second project and want to get the first sold!

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