Thursday, March 18, 2021

Where They Ain't

The baseball term, "Hit'm where they aint," is a great strategy for lots of us--especially in real estate. Dee wants to buy two homes. And when she looks at the MLS listings I send her they are usually gone. And honestly, I don't really understand why. She lives in kind of an undesirable zip code and the prices aren't any better than they are if I were to go to more desirable zip codes. 

Anyway, she got word from one of her felons that the house next door to the one they bought last year is being remodeled. Perhaps an investor looking to flip? Could I find out? 

After a bit of legwork, I did find the owner. The owner also happens to be a real estate agent. I pestered this woman for three straight weeks, asking for updates, before she relented and let us see the interior. The interior was in disarray, a usual site for a home under construction, and the back yard looked like a tornado had lovingly set down all of it's debris in it.   

Dee wanted it. If we waited another week, it would be on the market (even if the condition didn't change) and Dee would be in a bidding war. I knew this. The seller knew this and Dee wasn't willing to take any chances. 

We got this home under contract, with even a provision for them to clean the back yard and other terms the seller insisted on (like price). How did this happen? We were looking where they ain't. 

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