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User Stats

858
Posts
306
Votes
Maryann L.
  • Specialist
  • MA
306
Votes |
858
Posts

SS double close!! WAHOOO

Maryann L.
  • Specialist
  • MA
Posted

9 month negotiation - 3 bpos - crappy attorney negotiator -- brought $2800 for second lender - lost 3 buyers - had two extensions on first - miner issues at closings and finally double closed

$26,000 net profit

Short sales are not for the weak of heart, but if you can persevere, certainly worth it.

I get a kick out of agents who say we "hold up properties" - ummmm, YES I DO, and we also get it done.

Sellers were PSYCHED to stay in house extra time, end buyers were PSYCHED they got a house about 10% under market value, both buyers and sellers agent psyched.

Here's my visa commercial
House cleanout: $200
Payment to second lender to get deal done: $2800
Smokes and water certs: $100

Happiness for all parties involved in same day closings: PRICELESS

:D

Most Popular Reply

User Stats

681
Posts
241
Votes
Jackie Patterson
  • Real Estate Investor
  • Kalamazoo, MI
241
Votes |
681
Posts
Jackie Patterson
  • Real Estate Investor
  • Kalamazoo, MI
Replied

That was an easy decision to make. I'd give $2800 every day to make $26,000! Even with a $10,000 spread, it makes sense if the option is no closing / no profit.

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