Deal Updates

A quick update on where some of our projects stand;

 

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39 Brooks St, Springfield:We put Brooks St on the market for $133,900 and accepted an offer in early August. The home inspection was done two weeks ago and went very well. The appraisal was done on Friday and the buyer has received their loan commitment contingent upon appraisal review. Closing should be early to mid September.

 

 

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17 Bessemer St, Springfield:  Bessemer St went under agreement very fast. We put the property on the market on Friday 8/15 and by the end of the open house on Saturday 8/16 we had multiple offers. The home inspection was performed last week, with the appraisal scheduled for this week…. closing should be the end of September. This home came out really nice and will probably be our best project to date.   

 

 

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71 Hartford Terrace Springfield:  Hartford Terrace initially went under agreement back in June. After our first buyers hit some delays in getting their financing we put the home back on the market in late July at our initial asking price of $189,900. We had four showings the first day back on the market and received multiple full price offers. The home inspection and appraisal are complete and we are just waiting to close at the end of September. 

 

 

Work is still under way at Mansfield St, Plumtree and Glenwood.   

September is going to be another busy month so stay tuned…….

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Bessemer Pictures, Finished and Staged

Here’s the finished pictures of Bessemer St; cleaned, staged and ready for a new buyer!! 

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Dang, thats alot of pictures….. didn’t realize I took so many!!! 

The house came out great and I definetly think it will sell fast. I’m off to the open house.

39 Brooks St, Springfield MA

We have the home on Brooks St on the market. We repaired some water damage spots, put gutters on the house, did some landscaping and a few other odds and ends. Once the work was done we cleaned it and staged it. This home was rehabbed by the previous owner so it is a nice change from the full gut rehabs we have been doing lately.  Here are some photos:

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The new furnace is a high effeciency direct vent unit that runs at 95%.

Heres what the property looked look before we bought it.

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Brooks Kitchen

Brooks Living Room

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Not as drastic a change as Bessemer or Hartford Terrace , but the improvements will help it show alot better.

Bessemer Week 7…. and other updates

We received an offer on Hartford Terrace after only four days on the market…. negotiations are underway so I’ll let you know what happens!

Bessemer St is moving right along and we should be finishing up the rehab over the next week or so. Have a look at the progress after week 7:

Hartford Terrace, finished and staged

Here are some photos of the Hartford Terrace house all completed and staged. We generally do some light staging of the kitchen, bathrooms and any other points of interest within the home (I love fireplace mantles). The house came out pretty freakin sweet!!!! Check out the photos:

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Alright, don’t those photos make you just want to buy this house!!! It is gorgeous and in an awesome location; on a terraced street across from a school and a park. I’ll get some before and afters up so you can see the transformation we made to this property.

Closing… my favorite seven letter word

Every real estate investor knows that closing days are very special….. whether you are selling a finished rehab, or closing on that great deal you just spent the last few weeks negotiating. It’s the culmination of all your hard work, endless phone calls, restless nights, and dealing with attorneys, lenders, buyers, sellers and agents….. and hopefully they result in nice paydays.

On that note, we sold our short sale rehab on Arnold Ave today. We put together a short little case study video on the deal…….

This property was a rehabbers dream …. a cosmetic renovation that we were able to purchase at a big discount, rehab quickly, and sell the first day on the market!

Hartford Terrace

Heres a look at the house on Hartford Terrace with the floors refinished, nice and shiny!!  They look much nicer than they did before.

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Next up will be the staged photos……