Posted by Laure on May 30, 1999 at 08:02:43:
Market it with the cosmetics done. Save the roof for last, and offer a “roof credit”. I find that I usually want to do more to a house than a buyer expects. However, I understand not wanting the flat roof. Sometimes, I just say, I am planning on putting a pitch roof on, however, the price would be xxx, if you buy it as it is. Saves me fretting when I have all my cash in the rehab and the phone isn’t ringing. A pitch roof is going to cost you a bundle. Good luck, and let us know how it goes.
Also, as far as tired Landlords…sometimes they do get out of touch with the market. I have gotten several this way lately with very nice profits. They really don’t care about the extra profit if it were rehabbed. They have been rehabbing all their lives and they just want out. ENOUGH IS ENOUGH… this one guy said to me. It was all ok too, because I bought 35k under market and all I did was a bath remodel, carpet and paint !!! I’m renting the house now. I like it so much, I want to keep it ! LOL