House #11: First Offer

We officially got our first offer on The Sunglasses House today, despite the fact that we’re still a month away from finishing the rehab…

The offer came from our project manager (my brother) and his fiancee, who have been looking for a new home for themselves for several months now. In fact, they’ve put in about a dozen offers on various REOs in the area, and haven’t been able to get anything that they really like under contract. They were the ones who originally looked at The Sunglasses House for themselves a couple months ago, but when they decided they weren’t interested in it, I jumped on it as a company project.

Now, after seeing the awesome rehab plans this house, they’ve come to their senses, and have decided that they want to make it their home (this was my plan all along)… 🙂

I’m glad that they decided to move forward on this one now, as opposed to waiting until after the rehab is complete. This way, they can customize the rehab to their liking without having to go back and make any expensive changes later. A couple of the upgrades they’re considering are a large tiled shower in the main bathroom (to replace the small fiberglass one and to accompany the existing jacuzzi tub), major landscaping and a privacy fence in the backyard (for their dog), upgraded appliances, and perhaps some upgraded fixtures.

They can’t close on the house until September (they’re purchasing with an FHA loan, and have to wait until 90 days after we bought the property), but hopefully they’ll get the rehab done more quickly, and can move in before they officially close.

Hopefully I’ll get some video posted of the rehab sometime in the next week or so…