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Updated about 12 years ago on . Most recent reply

User Stats

21
Posts
6
Votes
Antonio Johnson
  • Tacoma, WA
6
Votes |
21
Posts

First Deal Failed

Antonio Johnson
  • Tacoma, WA
Posted

Long story short, I ended up not closing on my first property. Why? Well now that I have a better understanding of comps, and after about 15 showings of the house, I now accept the fact that the price negotiated just isn't going to cut it. I tried talking the seller down but he'd rather rent it out again rather than wholesale it. That's cool though, he is an investor himself and says he has a couple of other properties he may consider selling so he will keep me in mind if he decides to do that. Other than that I wrote up the cancellation notice sent it to the seller. Tomorrow I will send a copy to escrow. Now that my first experience is out the way I'm more motivated to close some deals. Just knowing I was close to closing a deal is a blood pumper for me. I went through the whole process and found my escrow agent and all that good stuff, not to mention I built a small buyer's list from the property I was marketing. Tomorrow is Monday, I have my free trial of FreedomSoft and I also have my girl assisting me now that she believes it's real. So yea its CRUNCH TIME. I have goals set that have to be exceeded. Let's get this money everybody

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