As you may recall, I was quite happy to report that I had a full price offer on my house back in early November from the couple that had initially inquired about a lease option. Granted, this was after I had reduced the asking price from my original pie-in-the-sky level, but it was still a number that would have generated a healthy return on investment for this flip and I would have been very pleased with the outcome if the sale actually closed. Also, the buyers had not engaged a realtor and I would get to keep the 3% buyer’s broker commission that I had budgeted for. Given that the house had only been on the market for about 30 days at that point, I really couldn’t have asked for a better result than what these buyers had put on the table.
I suppose this made it even more devastating when […]
Original post by Viridian and software by Elliott Back
Real Estate Flipping Lease With Option