{"id":17400,"date":"2020-10-29T14:01:58","date_gmt":"2020-10-29T21:01:58","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=17400"},"modified":"2020-10-29T21:08:59","modified_gmt":"2020-10-30T04:08:59","slug":"a-bloodhounds-fish-story-10k-over-list-15k-over-market-23-days-total-and-the-sellers-total-pre-market-outlay-was-257-50","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17400\/a-bloodhounds-fish-story-10k-over-list-15k-over-market-23-days-total-and-the-sellers-total-pre-market-outlay-was-257-50\/","title":{"rendered":"A Bloodhound\u2019s fish story: $10k over list, $15k over market, 23 days total \u2013 and the seller\u2019s total pre-market outlay was\u00a0$257.50."},"content":{"rendered":"

\"\"I live a charmed life, just now, and I know it. The resale market in the Valley of the Ever-Fecund Sun has been all my way for seven-ish years, culminating in our current simmering state of frenzy.<\/p>\n

The investors I work with bought and bought and bought when nobody was buying. We’ve managed those properties as rentals over the last decade, and for the past few years we have been divesting some of them. I just sold one, which we’re about to talk about, and I have more on deck. One flight to safety leads to another, it turns\u00a0out.<\/p>\n

So here’s my fish story: We just now closed on the sale of the house in the picture, on West Monroe Street in Coldwater Springs in Avondale, AZ. I was the Buyer’s Agent nine years ago, and we’ve managed it since then, with almost no vacancy and little in the way of costs. Ignoring all the rental income and the tax benefits, the investor tripled his initial investment at COE. Those funds are moving by 1031 exchange into something safer \u2013 to everyone’s relief.<\/p>\n

That much is just buy-low\/sell-high. My guys were cash-rich and credit-rich when nobody else was, so: “When there’s blood in the streets, buy land.” They were working with me, so we bought very carefully \u2013 wicked aggressive on price, but we bid only on properties that I knew would rent well and sell high. That much has proved true, so they were monied fishermen with a seasoned guide.<\/p>\n

So here’s the fish story: I took the house back from the tenants at 9 am on September 30th. I had the deep-cleaners in with me by 9:30, and I had my punch-list: Half-a-dozen handyman jobs, plus two bigger issues I thought might come up on repairs. My plan was to list on October 8th, so there was plenty of time \u2013 with the tenants’ Security Deposit as a buffer on the budget. But the house was decent the way it was \u2013 or would be when the cleaners finished \u2013 and the market at that moment could not have been hotter.<\/p>\n

Do the touch-ups Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I live a charmed life, just now, and I know it. The resale market in the Valley of the Ever-Fecund Sun has been all my way for seven-ish years, culminating in our current simmering state of frenzy. The investors I work with bought and bought and bought when nobody was buying. We’ve managed those properties […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,6,5],"tags":[],"class_list":{"0":"post-17400","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9525,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9525\/fishing-for-the-details-takes-all-the-fun-out-of-real-estate-fish-stories\/","url_meta":{"origin":17400,"position":0},"title":"Fishing for the details takes all the fun out of real estate fish stories","author":"Greg Swann","date":"August 15, 2009","format":false,"excerpt":"\"You won't believe the deal my buddy got on his house. He paid thirty cents on the dollar!\" \"You're right. I don't believe that.\" \"I'm not fooling with you. The house was worth $300,000, and he picked it up for a hundred grand.\" \"It was worth $300,000 when?\" \"Huh?\" \"He\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14800,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14800\/geno-shrugged\/","url_meta":{"origin":17400,"position":1},"title":"Geno Shrugged","author":"Geno Petro","date":"July 14, 2011","format":false,"excerpt":"I recently bought the book, How To Write A Sentence (and how to read one) by Stanley Fish, but it still didn't give me what I wanted.\u00a0 What I wanted was assurance that all those tricky uses of semi-colons and parentheticals, gerunds and so on, that I mastered during my\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12805,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12805\/an-apology-to-redfin-com-ceo-glenn-kelman-i-bought-my-house-on-freephoenixmlssearch-com\/","url_meta":{"origin":17400,"position":2},"title":"An apology to Redfin.com CEO Glenn Kelman: “I bought my house on FreePhoenixMLSSearch.com!”","author":"Greg Swann","date":"July 26, 2010","format":false,"excerpt":"I owe Glenn Kelman an apology. When Redfin.com was young -- which is to say four long years ago -- I swore that Glenn's assertion that people would buy homes like books on Amazon.com was simply absurd. I have moved people into rental properties sight unseen, and quite a few\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7365,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7365\/heres-some-piss-poor-journalism-for-ya\/","url_meta":{"origin":17400,"position":3},"title":"Here’s Some Piss Poor Journalism For Ya","author":"Mark Green","date":"March 7, 2009","format":false,"excerpt":"Since Greg welcomed me aboard BHB last week, ideas have been racing through my head.\u00a0 What would I write about first? CRM execution tactics? Too predictable. Skinned cats? I'll leave that to my favorite cat skinner. Then it occurred to me last night:\u00a0 why not dive right in with an\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":292,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/292\/realty-reality-lous-lament-in-22-unhappy-photos\/","url_meta":{"origin":17400,"position":4},"title":"Realty Reality: Lou’s lament in 22 unhappy photos . . .","author":"Greg Swann","date":"September 5, 2006","format":false,"excerpt":"I've written a bunch of these stories, and I've got a bunch more in me -- I did CRS the hard way. Most of them have happy endings. This one does, too, I suppose, but the middle gets pretty morose. I'm telling the story to illustrate how badly things can\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14588,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14588\/whats-the-long-term-investment-value-of-owning-your-own-home-would-you-believe-nothing\/","url_meta":{"origin":17400,"position":5},"title":"What’s the long term investment value of owning your own home? Would you believe… nothing?","author":"Greg Swann","date":"May 11, 2011","format":false,"excerpt":"Business Insider has the goods. Yes, I know you can tell me stories about killings made. We've done it, too. How are your results lately? Meanwhile, do you want to have a long talk with all those folks who bought their homes believing in the wealth-producing miracle of the mortgage-interest\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=17400"}],"version-history":[{"count":9,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17400\/revisions"}],"predecessor-version":[{"id":17411,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17400\/revisions\/17411"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}