Hampden Homebuyers - We Buy Houses Springfield MA Sell House Fast
All the work is complete at Plumtree Rd and it is now cleaned and staged. Here are the finished pictures.
Kitchen 1
Kitchen 2
Dining Room
Fireplace
Living Room/Stairway
First Floor Bath
First Floor Tub
Second Floor Bath
Second Floor Bedroom
Living Room
Things are moving right along at the Glenwood St project. Last week we passed all our rough inspections and insulation inspection. This week the sheetrockers were there hanging drywall, taping and mudding. Next step is to paint and begin all our finish work.
I made a short video of the fire damage at this property. The fire started in the basement at the old electrical box and burnt up through to the first floor. Most of the damage was done in the basement to the floor joists and support beams, including the main support beam. Have a look:
I’ll show you how we fixed it in the next post…..
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This week started off just like last week….. with a closing on Monday and another on Tuesday. We sold the Ware House on Monday and sold 39 Brooks St on Tuesday.
The Ware House – If you remember this beauty I was up in the air about rehabbing it or just wholesaling it. We closed on it, but because it’s located about 45 minutes outside our normal territory, we couldn’t get any of our contractors to travel out and do the work…. so I ended up putting it on the MLS and got a cash buyer who is going to fix it up and live in it. We only paid $15,000 for this gem so it was pretty easy to flip it out for a quick profit.
We are still waiting on the clear to close for Hartford Terrace, we should sell that at the end of this week. We also have two more purchases lined up for next week. These last few weeks have been really crazy as we have worked through all these closings….. by the end of next week we will have closed on seven properties in total, selling four of our properties and buying three new ones! I guess when it rains it pours!!!!!
Monday was a day of firsts for our business…. We closed on our first ever deal bought from a wholesaler, the English Tudor on Wexford St I wrote about in my last post. We put this house under contract last week on Tuesday and closed yesterday (the following Monday). Also it looks like we are going to be purchasing our first ever property off the MLS…. a bank REO that we have been offering on for the last three weeks, and finally got our offer accepted on Monday. While we have bought alot of properties over the last couple years, they have all been through dealing directly with the sellers. We’ve made quite a few offers on REO’s, and been pretty close on getting a couple accepted, but this one looks to be our first. I’ll post some pictures and a writeup about the home over the next few days.
On another note, we had our second closing of the week today…. we sold the house on Bessemer St. This deal took about 5 months from our purchase to the sale to our new buyer. It is definitely our best project to date. The renovations went very smooth and stayed within budget. The house turned out incredible and we had multiple offers the first day on the market. We ended up selling it for above our asking price and most important of all, the profit on this deal was very good!!
Things are really cranking along right now…. over the next two weeks we will be selling three of our properties (Hartford Ter, Brooks St, and the Ware House) and we will be buying two more rehabs.
Stay tuned for more updates and videos!!!
We put a new house under contract on Tuesday morning with a closing scheduled for the following Monday. Thats four days to get the cash together, pull title and close it…. Dominics’ going to be busy!! This is a probate deal that we are purchasing from another wholesaler. It’s not a homerun but I fell in love with the house and the street pretty quickly. Its a large English Tudor style home and I’ve been wanting to rehab one of these for years, as it’s probably my favorite style of home. The house also has a great floorplan… reminds me alot of Hartford Terrace.
Heres a few photos:
This house is big….. it’s 2000 sq. ft. with four bedrooms, 1.5 baths, and a bonus room in the attic.
It’s gonna look awesome when we’re done with it!!!!
Work is well underway at Glenwood. We actually started renovations back in August before we even closed on the house. After hitting quite a few delays in getting clear title we finally closed on the property last Friday. By the time we closed we had already put a new roof on the house, gutted the interior, reframed the interior, and replaced the fire damaged support beams, floor joists and half the first level floor. I wouldn’t recommend doing this much work prior to actually owning a property… we were definetly getting nervous as weeks went by and we still weren’t clear to close.
Heres a video from week 1:
The outside of Plumtree Rd is complete and we should be finishing up the inside soon. Here’s how it looked on Tuesday before we finished up the landscaping;
Heres how it looks after we finished up the landscaping today:
I think it’s a pretty good transformation from where we were 10 days ago.
It looks alot like Bessemer St except we used green shutters. My first choice is a burgundy raised panel shutter, but this house had green trim on all the windows so we went with a green shutter to match the trim. We also added the white picket fence to the front of the property. I think the fence looks pretty sharp…. we’ve had this in the scopes of work on a few other houses but for some reason it always gets cut out last minute.
Let me know what you think of the white picket fence. I’d like to use it on some other projects and am looking for some feedback!!
Heres a quick look at a new rehab we are starting in Springfield…… another condemned, full gut, fire damaged property. Paint and carpet rehabs are for Wimps!! Check it out:
Stay Tuned….. More Pics to Come
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