SOLD 🎉
🏡 814 E. 31st Ave., Spokane, WA 99203
💰 $385,000
(Represented Buyer)
When the risk pays off!!!! 🎊✨
Not all transactions are 🌹roses and ☀️sunshine. Sometimes you find that all parties are not willing to do what is needed to get a home sold. That's where our story begins for these buyers.
We were able to secure and get this cute South Hill Bungalow under contract. 🏠 When inspection came, the seller refused to do any work including any of the FHA requirements that would come up during appraisal. 😟 So our buyers were left with a difficult decision. 🤔
Option 1️⃣: Back out and go back to the drawing board to find a new home to buy or
Option 2️⃣: Risk it, move forward anyways and know that any repairs that come up in the appraisal will be the buyers' financial responsibility because the seller already stated they wouldn't do anything
Why is this such a risk? 🚨 Because ultimately the buyer could be out money for inspection and appraisal if the appraisal came back low or if there were a few thousand dollars worth of repairs.
If there was low appraisal, we already knew the seller wouldn't budge on price. 💸 Which would leave our buyers trying to come up with the difference for it to close or the deal would die and they would be out inspection costs and appraisal fee. 💰
If appraisal came back asking for repairs that were more than our buyers could afford then it would fall apart and they would be out of both those costs. 😱
Well, the risk paid off. 🎉🍀 Luck was in our buyers' favor, the appraisal came back in above purchase price giving our buyers instant equity in the home and no work repairs. 🎊💪
We were all sooooo excited because we just didn't know how this would play out! So we are excited for our buyers to call this home and cannot wait for the years of memories they are going to make! 🥳🏡💖
Congratulations @bec.scottt @xander_frandsen7 We are so happy for you both! 🎉👏🎊
