On April 30th (the day of the tax credit deadline) we got an offer on The Piano House for $605,000! Which is $5,000 OVER our asking price of $599,900. The offer was almost a real estate investors dream offer. It had no inspection contingency and they wanted to sign P&S the day of the offer (so they could get the tax credit). So we signed P&S the day of the offer. All this happened before the renovation were even complete! The folks who bought it are picking the paint colors. They picked some pretty crazy ones so the “after” photos of the house might not look as good as they might. The only real hurdle to get over is the appraisal which is happening next week. I’m not to worried since the buyers are putting $120,000 down!! I’m amazed this all came together but I keep reminding myself it hasn’t closed yet–but so far so good!
Also things are going great in regards to the Alaska House. We got some contractor bids. They came in around $75,000. Which means we’ll end up spending $100,000. At a $352,000 purchase price with 100k in expenses that’s a 452,000 investment and with our sale price looking like its going to be around $575,000 that’s a very nice profit margin–we’ll see if we can keep that!
Also here’s a picture of The Piano House after we painted it. I’ve also included a “before” picture. I’m so glad the green is gone!
Before
After
