State Street may be back on the market. We are 93.5% sure that the buyer has fallen through. So, we will put it back out there for another 30 days or so. If it sells; great! If not, no worries. We'll pull it from the market.
So, if you are looking for a nice little cottage in an up and coming area near downtown Raleigh, we have the perfect little 2/1 cottage for you. The price is a steal considering all the money that went into it. It can be yours for $168,000.00 But, absolutely no VA loans. We are done dealing with that stuff and won't even consider a VA loan offer.
This is an object lesson for anyone else out there dealing with a home that is 75 years old... even if it has been rewired, plumbed and is new from top to bottom. The VA has some very strange ideas on what they want to see. "Like jack up the home over the completely dry crawlspace and rebuild the foundation so as to provide more room," OR "dig down -even though the crawlspace is very dry after two solid weeks of rain." Um... no.
This crazy nut ball of a house has been our "humbling house." Either that, or it has been a great education and has brought us down a few pegs. We've learned a few lessons, and will be trying hard to not make those mistakes again in the future. This, too is a good thing. Don't believe your own press.
Stay tuned and we'll keep you posted on this continuing epic saga of State Street -The House that Won't Sell..
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This site is for informational purposes only. We do not guarantee anyone's performance in the house flipping, or transformation, or investment arena of real estate. Invest in your own ideas and projects at your own risk.