BiggerPockets

CA Rehab project update - Offer received!

Tuesday, August 18

After only one day on the MLS, we have received a very strong offer from a potential buyer which will be scrutinized closely. We have had 7 showings from RE agents in just one day and have been informed to expect another offer which is to be all cash!

This is great news for us and was to be expected as the low inventory levels and all our other due diligence pointed to this result. The offer (which can not be discussed at this time) is very strong, conventional financing and I like the buyer. The buyer has a very strong credit score and history. We have until tomorrow to respond/counter and I will update you all on the outcomes.

As I type this blog post, I just answered another call from an agent who will be showing the property and has a very strong buyer with a large downpayment. We will see what the offer comes in at.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

Comments

1. 

   Will Barnard Reply
   over 2 years ago

   Want to do what we do? Make money buying, rehabbing and flipping REO properties for huge profits! Join our upcoming second round of "Make Me An Investor" program.
   Watch our videos on our blog for more details. You must interview for a spot. Hurry, time is running out.

2. 

   Will Barnard Reply
   over 2 years ago

   Update: Multiple offers received after only two days on MLS!
   I am making this look easy!

3. 

   Jon Klaus Reply
   over 2 years ago

   Did you price it under market? By how much? Is this what you attribute the strong interest to?

4. 

   Will Barnard Reply
   over 2 years ago

   No, it was placed very close to top retail of market.
   The strong interest is attributed to the great work we did but more so to the fact that buyers here are standing in line waiting to buy and the inventory levels are so low (especially when you take out the short sales which can take forever here at times).

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