08 March 2010

Great News about the 4 Unit in Mineral Point!!!

I have been marketing my 4 unit building in Mineral Point, WI to sell it myself. I feel confident that it's a good building with good income and I can sell it as well as any Realtor. At the end of January 2010, I thought it's time to really get going on the sale - Spring is coming, we need to sell soon. I put another ad on Craigslist and paid to have the property listed on the MLS. I received a reply to my Craigslist posting. The Prospect wanted to view the property as soon as possible, so I set her up for 1/2 hour before my meeting with the Realtor to post it on MLS. He arrived while we were just completing the viewing. I explained to her that I was putting the property on the MLS and said I'd get back to her. She called me back, saying she'd like to write an offer and asking who to contact to write it. Then I called the other people I had previously showed it to. She wrote an offer a week later, and we spent a week countering the offer. Finally on Sunday I phoned her and asked her what her best price is. She told me and I agreed to sell it at that price. The closing is set for on or before March 19. Now just to get through the inspection. It's a cash transaction. I have to say 9% per year return isn't a bad thing....plus the tax benefits. She's getting a really good deal - but we have places to go.....and things to do.....

1 comment:

TheHarriman Family said...

Great news!! I'll bet you are thrilled. Now just the house left!