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Posted almost 9 years ago

Second Single Family House Under Contract

So my second accepted offer has came in and we should close on it around the 8th of next month. All of this is happening while still waiting on HUD to get back with the bank on my first house. (FYI buying a HUD foreclose home is a slow process). I am super exited about this and as long as the inspector doesn't give us horrid news I think I did well. The house is a 3 bed 2 bath 1800sq ft house with a full unfinished basement and the asking price was in the 60k range. My realtor did some digging and found the house was owned by a out of state investment company, and they have had the property for over a year. So with that information and the last sold price of the house we put in an offer of just over half what they were asking. Unfortunately they didn't accept (I wasn't really counting on them accepting) but countered, after going back and forth we settled for just over 40k. I am happy with the price and they get out from under a property they have had for too long, win-win. Now just hope the inspection goes well.   


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