While Hick was in Realtor's office asking to tour the $35,000 house, he learned some interesting information.
"I could sell that little house of yours. People call all the time asking about it. Because it's so small. Then I have to tell them that it can't be bought separately."
Good to know! There's a lot of interest. I suppose they see the sign in the front yard of the Beauty Shop, walk around and take a peek inside, and then call the number on the sign to ask about the price.
"That's a good thing. I would have thought the big house would have more people wanting it. They can see through the shades that the Beauty Shop is really small. Probably single people, old people, or a young couple."
"The problem is the loan. Because it's more than one house, and considered an investment property, they have to put 20 percent down. They can't get a VA loan or something else like that."
"She's not going to make much off this $35,000 sale, is she. What, a few hundred dollars? Because it's a split listing."
"No. She'll get two-and-a-half percent."
"I know. That's what I'm saying. Ten percent would be $3,500. Five would be $1,750. And two-and-a-half would be $875."
"Yeah. Just for taking 15 minutes to drive across town and walk through it with me, and then do the paperwork. That's pretty good money for that effort."
I suppose so, since that's what you've done for years, and know how it works. Not as glamourous as selling the $999,999 property, but still worthwhile, with it not even being her listing. Hick said some of his buddies saw it on Zillow. Realtor said she had thought about getting on Zillow, but she didn't know if it was worth it to pay their fee. She said she relies on word-of-mouth to steer people to her. Hick agreed. That's how his SUS2.5 (Storage Unit Store 2.5) business runs.
"I could get ads on the radio, but I don't think it would bring me no more business than my customers telling their friends."
"So now that you know people want the Beauty Shop, are you going to talk to the city people again about splitting the flip houses?"
"I'm going up there anyway to talk to them about getting the water left on. So I'll ask more specifically what I need to do."
Hate to leave you with another cliffhanger... but that's a story for another day.
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