“Lions and Tigers and Bears” by Jazmine Sullivan.

I’m not scared by lions and tigers and bears, either…oh my!  That could be because I don’t encounter them on a daily basis.  But, the entire process of buying real estate is certainly convoluted these days and I do encounter that daily.  I’ve always contended that working with less than professional Realtors, inspections and possession could be the “stickiest points” in any real estate transaction.  However, real estate deals are like “walking through quicksand” from beginning to end right now.  I have been diligently looking with my investment partner for our next income real estate property and finally located one on which to bid.  I had to make a “sight-unseen” first bid contingent upon seeing and approving the property, of course, if we agreed on the other terms of the that offer.  Upon seeing the condition, running the numbers “ad nauseum”, I concluded that it was too much work for the price I was initially willing to pay.  I revamped the offer and the response was a counter-offer from the seller AND they lowered the price officially to that countered price.  Even though a couple of weeks had passed during this initial series of events, I suddenly encountered a multiple offer situation.  This just confirms my “pricing trumps location” theory.  Price is king! 

My third attempt at an offer prevailed and the offer was accepted!  Now we have had an oil tank sweep (found two older oil tanks, no longer in use, that must be decommissioned), we’ve had a sewer scope (the 1929-built home’s sewer line “shows the signs of age” but is functional) and a full-house inspection (we knew the house needed remodeling but now found some relatively minor structural issues).  I’m glad I’m “in the biz”.  I’ve seen enough inspection reports not to let it deter me from the “greater good” and that would be getting 5.5% mortgage interest rate for 30 years in a buyer’s market (even if well-priced investment properties are likely to generate a competitive bidding situation)!!!

Stay tuned for lots more on the exciting adventures of getting through the loan process.  Also, our future remodeling experiences  and tribulations and learning experiences  and set-backs .  Our last summer’s renovations should hopefully help prepare us for this new project.

About the Author | Janeese Jackson

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My job is service...service to you and your real estate transactions! How can you benefit from my 20 years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!