Celebrating a few wins in 2016 and planning for 2017.

[Aretha Wallace]

As one year draws close another one is about to start. I like to take time to celebrate and reflect on a few wins. In this real estate business, it's almost like we face new challenges on a daily basis, so I like to celebrate along the way by sharing a few past projects along with lessons learned.......  

Purchase price: $175,000

Sold price: $282,000

Estimated gross profit: $107,000

Profit margin: approx 35%

Lesson learned: Timing can be everything, if a good deal comes along and I'm in the position to purchase, do so because it may take a while before another one comes around.

When designing a home for resale, I do so with the  intended buyer in mind not my personal preferences. I like to survey the neighborhood and design the house base on what existing homeowners may need and want. Small design touches like crown molding or backsplash could go a long way to wooo that potential buyer.

*** Stay tuned as I'll be posting an upcoming project and would like your opinion on which kitchen design to select ****

[Aretha Wallace]

@Scott Harper: MLS. I usually looked for bank owned or estate sale and close quickly at sometimes a lower price.