- Joined
- Aug 31, 2007
- Messages
- 6
Here is a quick update on the four offers I submitted during the Quick Turn Real Estate event in Edmonton October 15 – 18. All offers were with $1,000 deposit and No Conditions, Ugly Houses in Calgary.Offer #1: Mount Pleasant ("Little Red Barn"). List Price $289,900; estimated ARV $340,000; estimated repairs $20,000; MAO $218,000. Submitted offer of $220,000 à Rejected, had received and rejected previous offers in the $240,000 range, the house is still on the market at $289,900.
Offer #2: Charleswood. List Price $374,900; estimated ARV $510,000; estimated repairs $30,000; MAO $327,000. Submitted offer of $310,000 à Rejected, competing offers and sold for $380,000 October 27.
Offer #3: Charleswood foreclosure (neighbour to offer #2 above). List Price $390,000; estimated ARV $500,000; estimated repairs $30,000; MAO $320,000. Submitted offer of $310,000 à counter offer of $380,000 à submitted final counter offer of $325,000 à Rejected, the house is still on the market at $390,000. Keeping in contact in case they change their mind J
Offer #4: Mayland Heights foreclosure. List Price $260,000; estimated ARV $360,000; estimated repairs $20,000 - $25,000; MAO $227,000. Offered $225,000 in sealed bid process à Rejected, sold for $275,500 October 26.
Not a whole lot of action but a great learning process. Thank you to all those who enquired about the status, and the new faces I met in Edmonton.
See you all at the December REIN event in Calgary!
Offer #2: Charleswood. List Price $374,900; estimated ARV $510,000; estimated repairs $30,000; MAO $327,000. Submitted offer of $310,000 à Rejected, competing offers and sold for $380,000 October 27.
Offer #3: Charleswood foreclosure (neighbour to offer #2 above). List Price $390,000; estimated ARV $500,000; estimated repairs $30,000; MAO $320,000. Submitted offer of $310,000 à counter offer of $380,000 à submitted final counter offer of $325,000 à Rejected, the house is still on the market at $390,000. Keeping in contact in case they change their mind J
Offer #4: Mayland Heights foreclosure. List Price $260,000; estimated ARV $360,000; estimated repairs $20,000 - $25,000; MAO $227,000. Offered $225,000 in sealed bid process à Rejected, sold for $275,500 October 26.
Not a whole lot of action but a great learning process. Thank you to all those who enquired about the status, and the new faces I met in Edmonton.
See you all at the December REIN event in Calgary!