Recently I put a home under contract at the unbelievable price of a whapping $35,000! A cute little one bedroom near the local university; clean, well taken car of and a low price. The new buyers have the intension of renting it out until they are done being landlords, or one of their college age kids need it for a place to stay while attending school or starting out.
But still a ONE bedroom investment?
I say investment because in other locations this property could be a great opportunity for income in more of single person type area. But we live here inUtahwhere a single bedroom home is certainly not in high demand, let alone something that will bring in some sort of secure income for your golden years.
I have showed her several homes, written a few offers and negotiated a couple of them for her to try to help her in her quest for some sort of nest egg type property for later down the road. I was really surprised when she committed to this one (against my better judgment) only to type up the cancellation this morning and break the news to the other agent. I sent it with apologies and best wishes.
In the end what it’s really going to boil down to is, when you work the numbers and again and again and finallly come up with the answer that you want...that will be the one you commit to.
Now on the hunt for some new opportunities for my client!
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