Double Yahoo!!! Second Open Went Great Also!
The open was scheduled to run from 1-4pm but our Realtor ended up getting there early because the BayFarm bridge was set to be closed. He had all the open house signs up by shortly after 12pm. Then he says he was mobbed with people between noon and 1pm!!! Yay!!! I like it that people appear to be interested enough in the house to want to get there early! He ended up staying till almost 5pm because people kept coming!!! Like to hear that no?The Run Down
Our Realtor told us it was about the same amount of people as last weeks open ~35 different groups. He did say that at the beginning it was mostly the neighbors begging him to not sell the house to people who are going to turn it into a tri-plex...the neighbors feel very strongly about that... We had several return visitors which I think is also encouraging. One PB(Potential Buyer) was there before 1pm, came back mid-open and then made an appointment to see the house today!! I definitely feel that when PB's do stuff like this, that its encouraging.Same, Most Asked Question...
Our Realtor said he spent almost the entire time explaining what a 203k loan was and what it covers and how it works....he said he explained this over, and over, and over, and over and over....I can tell that by the end of the almost 5 hrs he was there that he was a little tired of explaining it. There was one couple who was there for quite some time and the wife kept coming back and asking him questions about what the 203k loan covers over and over again...until her husband finally put it in a nutshell. The husband said, 'You buy the house, and its completely redone before you move in!!!'203k Loan Elevator Pitch
Since we are still having so much trouble getting across what the 203k loan does exactly I've been trying to work up an elevator pitch to help explain it. It needs to go something like this, ' With the 203k loan you roll your remodeling costs into your home loan and in six months you move into a redone home.' or slightly longer, 'The 203k loan is perfect for buying a fixer, because you roll the remodeling costs into your house loan and within six months you move into a redone home and, really, what banks are writing remodeling loans now a days?' or...?
We Got Our First Offer!!!
On Tuesday just 2 days after the first open! Unfortunately we could not come to a meeting of the minds on the terms but hey, at least we got an offer!! But interestingly enough the folks who wrote the first offer were back at the house this weekend looking it over again! Hmmmmm...