Updated over 11 years ago on . Most recent reply
Rehabbing a house for a specific buyer
A couple looked at a house I have for sale. They liked what I did and said that they have a house picked out that they cannot finance with their VA loan because of the house's current condition. I didn't think much of it, but they were persistent. I saw a lot of pictures and they told me what they'd want done with it. The numbers, in theory work.
But I wouldn't feel comfortable taking on a house without some assurance that they would buy, so I asked them for $10,000 and an agreement to do the deal. They said that was doable.
I'm going to go visit the property to estimate repairs this Sunday and draw up a scope of work.
Have any of you done this before? Pros/Cons???????
To me, it seems like it would be fantastic to have buyers already pegged if the numbers made sense.