Initial Cash Offer: $550,000
Final Cash Offer: $710,000
Difference: +$160,000

This is one of my favorite stories because it was the same cash buyer that started with a low ball offer that came back much higher.

Mom was the original owner of the house. Her husband passed away almost 2 decades earlier. Since then, keeping up on the maintenance of the house was a bit much for Mom. It was in very outdated and had a lot of deferred maintenance.

When we initially made the home available for offers, a local investor submitted an offer of $550,000 with a great story about how they were already above their top offer and Mom should just take the offer.

After we invited him back, and he realized how many other interested parties there were, he revised his offer to $710,000.

Mom was initially willing to take the $550,000. What a win for Mom!

An extra $160,000 does a retiree a lot of good.

Initial Cash Offer: $700,000
Final Cash Offer: $965,000
Difference: +$265,000

We affectionately call this one the Sewage Lake House. Yes even the seller refers to it as that now for fun.

Basically everything in the house was original. But along with it there was some damage too.

In the master bathroom, due to an old leak, the subfloor had rotted and there was genuine concern that someone could fall through the floor.

So when we convinced them that at the very least for safety reasons, this needed to be fixed, they hired a contractor.

The contractor cut a hole in the floor and then stuck his head in the hole to inspect the crawl space under the house.

When he popped up, he had a shocked look on his face and said he couldn’t continue work because at some time, a long time ago, the sewage line had crumbled and the entire crawl space was filled with a “sewage lake”.

With this information, we were able to generate a ton of interest by brave cash buyers.

In the end, it sold AS-IS for $265,000 more than the initial cash offer.

Needless to say, these sellers were extremely happy.

Initial Cash Offer: $550,000
Final Cash Offer: $877,000
Difference: +$327,000

Nothing horribly wrong with this house. I was just well lived in and needed everything freshened up.

The family friend that was asked to handle the sale of the home was a very busy person and didn’t want to spend time and money preparing the house for a traditional sale.

So, he called one of those ads, “Will Buy Your House For Cash!”

As the family friend explained it, the buyer was super friendly and helpful. He said by the time they were done meeting he felt like they were old friends.

A different family friend told him that before he signed anything he MUST talk to me first.

Reluctantly the family friend set up an appointment only with the intention of appeasing their family friend but was already convinced they were going to accept the $550,000 offer.

I explained to him what I do and with disbelief agreed to give me one week.

The end result speaks for itself.  The house was sold AS-IS and The family kept $327,000 MORE than the initial cash offer.

Whew, that was almost a huge mistake.

Initial Listing Offer: $430,000
Final Cash Offer: $610,000
Difference: +$180,000

This house was in decent condition aside from being outdated.

The out of area family had to get the home sold and wanted it done quick since they were having to maintain the mortgage payment, utilities, maintenance and were concerned about securing the home.

So they did what most people would do. They called a few different real estate agents around town and interviewed them to list the property.

Someone suggested I be one of those agents they spoke to.

When I met the family member, she had told me that after meeting with several other agents the highest recommended List Price was $430,000 but it probably wouldn’t sell for that much because of being outdated.

I explained to them what I do. They actually looked at me like I was crazy but figured they didn’t have anything to lose.

In just one weekend we were able to acquire and AS-IS cash offer for $610,000.

This was $180,000 more than the other real estate agents even thought they should list it for.

Needless to say, they were extremely happy they called me. In fact, whenever they talked about it, they would just stutter and start giggling out of shock.