The Unexpected House: Before Pics
Here are some BEFORE pictures of The Unexpected House:
Front of House
Kitchen
Family Room (Separate from Living Room)
Living Room
Dining Room
Downstairs Half-Bath
Staircase
Top of Stairs Facing 3 Guest Bedrooms & Laundry Room
Top of Stairs Facing Master Bedroom
Master Bedroom
Master Bathroom
Second Bedroom (of Four)
Third Bedroom (of Four)
Hall/Shared Bathroom
Laundry Room
Back of House
Backyard
Jeez, J, compared to what I’m dealing with in my area, these last two houses look like AFTER pictures. What needs to be done on this one?
Hey Brian –
The house is pretty much move-in ready, but we wouldn’t be able to resell it very easily if we didn’t do a full cosmetic renovation. We will likely paint, replace the flooring, replace all lighting fixtures, replace all plumbing fixtures, new cabinets, new appliances, etc. It will be a quick $15-20K rehab…
J.: thanks for the photos. What about this house made it so that it wasn’t easy for FHA buyers? Do agents in your area not target the decent REOs for retail buyers? Had the bank overpriced the house?
Hi Kristine –
The only reason this house wouldn’t have been able to be sold to FHA buyers was that it didn’t have any appliances. But, even if it had been eligible for FHA financing, it was a short sale, and most buyers these days aren’t interested in short sales because it takes so long to get them approved (or rejected), and buyers just don’t want to wait months to find out if they can buy a house.
Sorry I missed the part about it being a short sale. Explains why it was still on the market and it’s condition. Buyers in my farm who have time and do not have a deadline to move can really score on a short sale.
wow, same thing….looks great and all it needs is some paint and carpet. maybe change countertops too.
George –
This one needs a bit more work than it might appear. We’re planning to do a full cosmetic overhaul — while it could probably get away with less, this should ensure a quick sale with nothing for the buyer to be concerned about…
Nice buy J, i can see why you are doing so well. You def dont take any short cuts, at least not where its important! Good Luck!