It’s days like these that I’m especially grateful for actually getting paid to do something I love. The Painted Lady closed escrow today, for full price at $499,000 to a really nice VA buyer. Some people shy away from VA offers, but this is my second deal sold to a VA buyer and we don’t mind at all accommodating buyers whom have served our great country. This buyer actually found the home from my Craigslist ad and after then searching online he stumbles across Jim’s online coverage and my renovation blog, seeing the great lengths we went to in order to bring the grand old lady back to life. I received a really nice email from his agent stating that the buyer was even more excited about the home after seeing 10 YouTube videos of the whole renovation process and was now a big fan of ours, its great how just plain old doing things right and sharing stuff on our blog pays off.
There was a back-up buyer in place who had initially offered $460k for the house without agent representation. They then returned after finding an agent and wrote up $479k, which after paying the 2.5% would have really only been a 4k stronger offer. The new agent proceeded to tell me that an appraisal wouldn’t use Golden Hill or South Park comps. That weekend JtR launched it in MLS, did his killer web blast and we held the open house, by Monday the next week we had it under contract in just 4 days official market time. The first buyer came back and was willing to pay $499k with no realtor, after seeing that they lost the deal and then waited anxiously in back up position. At this point we’re wondering what happened to the mystery agent who said it wouldn’t appraise. I’ve made a new friend with this other buyer who now wants first dibs on our next project or possibly my remodeling services if they find something that needs a redo. It’s funny how buyers want something even more if they cant have it and its interesting to see how such emotions play into these deals. Thanks to Jim Klinge & the whole team at Klinge Realty and Nancy and Gloria at Fidelity Title for all the professional help. That’s all for now, Merry Christmas to everyone and please let me know if you see any deals that I might like! New project coming soon: )