So this past weekend our 9th offer got accepted!
I posted here last week I believe. My post was about submitting 6 offers and none accepted. Well later that week we put in three offers and we got one out of the three accepted. This was the first time we put multiple offers. Everything else we have done before remained the same.
Strong earnest money
Cover letter
5% Conventional.
We offered 20 over asking. Ask price was $175,000
It's a 4 bedroom house, with 2 bedrooms in a good neighborhood. Needs quite a bit of TLC (tender loving care) great opportunity to add equity. (Really excited about that) we just finished going through inspection today. No major hazards ar problems. Just some things here and there and some upgrades, like windows, and a good paint job.We both knew that work is going to be put into this house so we didn't go too much above asking. I believe, but since it isn't major immediate repairs. That is all good signs.
So goal here is to fix it up while living there and then move out and rent it.
Anyways, thank you for all your advice. All I needed was patience. Lol