Here's a brief update on the cheap house that Hick was notified about a couple weeks ago. You know, the house that Val was reluctant to invest in, due to its condition, and Hick's very busy schedule.
HICK'S OFFER WAS ACCEPTED!
Hick got the call on Thursday afternoon, when he got back into phone service range after working on a paid job for our old Backcreek Neighbors Nick and Bev. (Another prime example of why I don't think Hick needs another flip house right now!) The person in charge had submitted Hick's offer to the board of directors (or the group who makes those decisions, I'm not sure of their title), and they accepted. Money in the hand is better than a run-down property on the street!
Hick walked into our financial facility to withdraw some of HIS money for business purposes. He saw Loan Officer on the phone. Loan Officer said he had just been talking to the girl upstairs about paperwork to close the deal. He asked if Hick needed a loan, and Hick said, "No, we have the money." Once a loan officer, always a loan officer, heh, heh!
Let the record show that Hick's offer was less than the $22,000 that Loan Officer had told him it could probably be purchased for. Hick has a rough idea how much renovations will cost. And what property is worth, and connections for basic labor to gut the property. Hick said he would pay a guy a set amount to gut it, and however long it took would be up to him. That way Hick wouldn't be paying by the hour, and the guy would only get paid when work was done. He says renting a commercial dumpster is the way to go, rather than hauling loads of trash to the landfill. That he can rent a dumpster for a flat fee, with no time limit, until he fills it up.
Anyhoo... that's the status of the deal. We're just waiting on a closing date and location. As you might imagine, Hick is thrilled, The Pony is happy, and Val is preparing for another set of bills to keep track of.
More details will be revealed as they become available.
No comments:
Post a Comment