Thursday, June 12, 2008

Lots of Potential Money Makers

MLS #: 750062 List Price: $217000 Offer Price: $210000 Concessions: $5000 Seller Paid Closing Costs Notes: Property has been on the market since November, and has been reduced from $265,000. Make sure the house comps out high. There has to be a reason this thing isn't selling. If you can chaulk it up to bad staging, or a lazy Realtor, it makes more sense to buy. I'd only move on this if you have a good contingency plan in place if you can't sell it. Strategy: Fix and Flip/Primary Residence


MLS #: 774007 List Price: $159900 Offer Price: $153750 Concessions: $5000 seller paid closing costs Notes: This home isn't particularily attractive, but if you absolutely need to live on the east side and you have a tight budget, this may be a good option. Less than $100 per sq. foot in Sandy isn't bad. If your real estate agent is able to credit you some of their commission, it will give enough money to start renovations Strategy: Fix and Flip/Primary Residence/Rental


MLS #: 785236 List Price: $199900 Offer Price: $190350 Concessions: $5000 seller paid closing costs Notes: Decent looking Home on the East Side for less than $200k. I wouldn't buy this property unless you absolutely love the idea of living in Sandy, andyou can't live anywhere else. It's not a great deal, but it's an affordable Sandy home Strategy: Primary Residence

No comments: