Monday, January 12, 2009

Good n Bad

Good news! After a year of reminding people about my website being www.11daysale.net (I'd say .net twice), my dream of commandeering the 11daysale.com domain came to fruition!

Yay! www.11daysale.com is now mine! It was previously occupied by a realtor in Texas who abandoned the domain on 1/1/09. A friend of mine emailed me today and I was able to get my web providor to lock it up and it links to my existing website. YAY!

Bad news? We're still, no, STILL waiting for financing and seller sign-off on the offer we rec'd on 500 B St in Chesapeake, VA. Holy crap! This is taking For-Ev-er... We picked up this option back in October, got an offer for 140k and it fell out of contract when the buyer started making demands for seller concessions... (what part of As-Is sale is hard to understand?) So, after two weeks of breathing easy, thinking it was going to close, we were back into heavy marketing mode.

The entire banking industry collapsed.

We held an open house. Nada.

Dec 13th we held an impromptu 11 Day Sale and got 3 bids. 100k, 98k and 90k. Holy Schmoly. What a difference 6 weeks makes!

Turns out the buyer should have considered those concessions a little harder.

So, we're waiting for the 100,000 dollar man to come up with financing and trying to re-negotiate our option with the seller to create enough room to get paid so we can move on to the next deal.

There will be a next deal. Soon.

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