Contractural Obligations

I am going to meet one of my home sellers this afternoon.  We have not been successful in getting any buyers interested in her house.  It is staged and marketed very well, but without putting extra money into it and some layout challenges, it is not currently attracting any buyers.  My seller called me a couple of days ago and wanted to know what her options are.  What she was asking was how could she get out of her contract early without repercussions or would that even be possible.  This is the moment, that being able to make those decisions myself, allows me to do what I feel is best.  In this situation, the best thing is to release her from her contract and allow her to rent the property, until some time in the future that we feel that the home has a better chance of selling.  She and I have worked very well together and both of us have held up our end of the contract.  Sometimes things are beyond our control, such as a couple of issues that are preventing the sale of her house.  By professionally and respectfully letting her terminate her contract early, she and I will be able to maintain our professional relationship and do business together in the future.  It’s not hard to do what is right.  You just have to make sure that you always keep the long term effects in mind also.  Again, remember quality, not quantity. 

How to Pay For A ReHab

How to Pay For A ReHab

There are a lot of good deals in the Fayetteville/Fort Bragg area now for new homeowners. This house in Spring Lake on Goodyear Drive is a good example. It has a new roof, brick façade and a new HVAC unit. What it doesn’t have is an updated kitchen and both bathrooms need major work. But it does have a huge yard and is located very convenient to Fort Bragg. The positive in all of this is that the home is priced well below others being sold in the neighborhood, so that means this home is perfect for a 203K renovation loan. Borrow the money to purchase the home, plus make the updates needed and have instant equity and a fantastic home. Contact me with questions or for a chance to look at this home yourself.