We officially sold our rehab at 209 Gifford St on Friday. It turned out to be a very good deal for us.
We purchased this house right off the MLS. I used to be of the school of thought that there are no deals on the MLS… that if the house was a good deal the agent would buy it themselves, or they have pocket buyers that they send their good deals to. But that’s just not the case.
This property hit the market and we had our offer in within a day. There were multiple offers on the house and it went to highest and best. I think we were the second highest offer, but we were cash, the other higher offer was financed. If you remember what this house looked like you’ll know there was no bank that would touch this property. So we ended up not being the highest… but we were the best!!!!
This was a major rehab that consisted of gutting the whole interior, ripping off the second floor and rebuilding it with a full dormer.
Once the rehab was complete we sold the property to one of our own buyers, for full price, which saved us over $9,000 on commissions.
Well, the house sure did come out gorgeous.