We got an offer on the Evansville HUD last night for more than asking price. WOO HOO! They are asking for a lot in return but it is a more than generous offer, in my opinion. Of course there is 1 sticking point (it can never, ever be easy!)... the buyer is pre-qualified with a broker. Soo, we're in the process of determining if there will be seasoning issues. I told my realtor to just have the buyer get pre-approved through a local bank and it would be a non-issue. She is talking with the buyers agents to get things straightened out. Hopefully the buyer is easily qualifiable (is that a word?)! We also have a rural direct loan that this home would qualify for. IF all goes well we will be closing the end of March and numbers will be pretty good!
Re Furnace: Since we have a pseudo-accepted offer on the property we are probably just going to replace the furnace. We have a lot of wiggle room in our profit to just make the buyers move nice and easy. I don't want her to have a problem in the next year or two if we just replace the heat exchanger. Karma baby... what goes around, comes around.
Finally, Steph put the link to our interview on her blog over at www.flipthiswholesaler.net. Exciting stuff!!!