Things are wrapping up at our rehab on 8 Bosworth St in Springfield. All the construction is finished, the home inspection was completed last week and we are waiting on the appraisal now.
This is an interesting property because we sold it just a few days after we initially purchased it. The buyers went through our property at 53 Fullerton St and fell in love with that house. We ended up getting multiple offers on 53 Fullerton and they missed out on it. We told them not to worry because we had a few other houses in the pipeline that would be as equally beautiful.
We took them through Bosworth St, and while we had only been working on the house for a couple days, they were able to see through all the mess and picture our finished product. They wanted it to look just like Fullerton St…. which wasn’t a problem because we finish all our homes in a very similiar fashion.
So long story short, we bought the house on April 20th and had an agreement to sell it by April 27th.
Here are some of the pictures of the work wrapping up: (you can see the before pictures HERE)
We’ll be testing the new FHA seasoning rules on this house, as we haven’t owned it anywhere near 90 days, so I’m hoping we won’t hit any snags there.
So, lesson learned here, if you receive multiple offers on one of your houses, don’t let the losing bidders get away… those are “ready to go” buyers, and if you have other inventory try to steer them towards that.