Flip this house - Post #13

By
Real Estate Agent with Sand Dollar Realty Group, Inc. BK627826

I have not posted much lately about the house flip.  As I stated before with the market slow, there is not much to talk about until I can get a qualified buyer ready to do something.  Our average days on market in Central Florida is nearly 4 months, and this house has only been on the market about 2 1/2 months now.  The price has been reduced to $154,900 as of last week which puts it as one of the cheapest houses within miles that isn't a fixer-upper or a short sale. (The price of a short sale property does not mean the bank will actually except the price, so it may not be realistic.) Our house is of course in fantastic condition with immediate occupancy available.

We still are aggressively marketing the house.  The 91st day of ownership was 3/20/08, so now the house can sell with FHA financing with no significant issues.  I have also last week started marketing the house as a lease option/lease purchase.  I do have someone interested, and I should find out Monday how good (or rotten) their credit is.

Here is a 360 virtual tour that I ordered in March once the repairs were finished: http://www.tourthisplace.com/41012302

Realtors if you mention you saw this posting on our blog, I will pay you an extra $500 bonus with your accepted contract on this house.  Investors if you send a buyer my way and they buy this house, I will make sure to call you first the next time I have a wholesale priced property to get sold.

 

  

Until next time ...

Flip this house - Post #1     Flip this house - Post # 2     Flip this house - Post #3    

Flip this house - Post # 4     Flip this house - Post #5     Flip this house - Post # 6  

Flip this house - Post # 7    Flip this house - Post #8     Flip this house - Post # 9  

Flip this house - Post #10   Flip this house - Post #11   Flip this house - Post #12

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(Copyright © 2008. Sand Dollar Realty Group, Inc. All rights reserved.)

Rob Arnold, ABR, CPL, CRB, GRI, Managing real estate broker, Licensed mortgage broker, Notary Public

407-389-7318 / 1-877-389-7318    www.SDRhouses.com/   www.WeBuyHousesFlorida.com/

Your full service and investor friendly Realtor in Orlando. Learn to invest in Central Florida real estate and Orlando real estate. Investor mentoring and counseling available. I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Winter Park, Maitland, Ocoee, Winter Garden, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Mount Dora, Eustis, Clermont, Kissimmee, Winter Haven, Lakeland, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Melbourne, Daytona Beach, Ocala, Gainesville, Volusia, Brevard, and more.

We buy houses cash, sell properties, and list properties throughout Central Florida and the metro Orlando area.

 

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Rainer
68,711
Lisa Spalding
Casa Latino Four Corners, REALTOR, CDPE - Longwood, FL
REALTOR, CDPE
This house looks really good now.  :) 
Apr 13, 2008 08:23 AM #1
Rainmaker
254,432
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management
What would this house rent for? 
Apr 14, 2008 05:35 PM #2
Rainmaker
1,010,246
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
Robert - I could probably rent it for $900-950.  It isn't for rent though.  Lease with option to purchase, yes.
Apr 15, 2008 10:23 AM #3
Anonymous
Ron Cherry

Having any luck with the sale?

Jun 06, 2008 08:04 AM #4
Rainmaker
1,010,246
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Ron - Thanks for asking.  After a heck of a lot of marketing efforts, I finally negotiated a contract on it a few days ago.  The home inspection is scheduled for Monday, so pray that all goes well.  It if makes it passed that hurdle, I was planning on giving everybody an update. 

Jun 06, 2008 08:31 AM #5
Rainmaker
254,432
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management

It is nice to hear that you will make some money on this one.

Jun 07, 2008 05:30 PM #6
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Rainmaker
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Rob Arnold

Metro Orlando Full Service - Investor Friendly & F
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