All Forum Posts by: Andrew Edwards

OK, So this is more of just ... looking for advice.  I am in the process of  buying another home for my family.  We have found a home we like and made an offer. The offer was contingent on selling our current home. Everything was going as planned, the seller was planning on building ( already had the lot  picked and house plan approved and ready) In the mean time they have found a very simialr house already built and in the same neighborhood. The want to make an offer on it and not have to wait for their house to be built...  So now they want to remove my home sell contingency. ( the contract has not been finalized, we are/were still working out details).

Any adice of Counters, Options around this, creative ways to make this a win win.

The reason I have a problem with removal of the contingency is i also have a flip house for sale. I do not believe I can support 3 houses..  I need something to sell

If you are truly just starting out... take a look at the BLOG I started and suscribe to it. Just go to my profile to find it.  I will be posting about the actual steps and errors I made as I have gone thoug my first deal..

Does anyone have any advice or previous experience with buying from out of town owners that are not super eager to sell?  I believe several people in my area have attempted to buy this house, with no sucess.  What is a good way to set yourself apart from other buyers.  It is in a good area but the house is going down hill fast... From what I have been able to find out the owner lives out of state and this was his mothers house..  It has been vacant for a while and needs a good bit of work.  I was able to find his address but no phone number or email... I sent a letter.. but have heard no response...

I was also able to find out after after i sent the letter that his house in the other state was being forclosed on.... so I really have no way of even know if he received the letter...

@Jesse T.

It is listed with an agent, which has a pretty good track record... We are seeing pretty good traffic, depending on weather.  The weather has been pretty crappy here lately with alot of rain.. On the pretty days it is being shown.. just no offer's yet. 

@Jason Hollon

I am not too far from you in Birmingham...  The way I had to insure the house was through a Landlord policy... but in order for the policy to remain active the pool either had to be fixed or filled with 45 days of the policy effective date.

I think on my next one I would budget for the Fix and/or Fill depending on the area of town.

@Bob B.

It is an inground pool and I did not base the asking price on the pool being a major added benefit...  I was anticipating the pool helping to draw interest to a good priced house.. Instead it seems to be deterring some that would be potential buyers.   I would still do another flip with a pool in a heatbeat if the price was right.. I am just suprised by the way seems to be working out..

@Jesse T.

@Larry Turowski

This particular Flip is in Alabama and there are ALOT of pools in the Area.  When I first purchased the house  I was looking at the pool as a plus...  The reason I would consider this a plus is at the price range I have this house listed ( 110K) there are not alot of pools.  I would say the majority of pools are in the homes that are 200k+ However, I have had several people who have looked at the house see the pool as a "turn off".  I had anticipated this house to be marketable to younger couples looking for a starter home... What I am see is that more people looking are not the younger generation looking for a starter home but mid to older generation looking to downsize.....  I still do not worry about the home selling but it has taken longer than I had anticipated.. 

So the real question I am trying to figure out for myself.... For my next flip, if in this price range, would I consider a pool a positive again...

@Mindy Jensen

@Jesse T.

@David Avetisyan

I recently completed a flip ( well, its still for sale)on a house with pool.  Do you feel the pool is a positive or negative feature? Does it help or hinder the sale of the house?  Would you pursue a flip house because of the pool? 

Pool: Good or Bad????