Tuesday, October 27, 2015

Oxford Lane, Investment Project

This beautiful home has three bedrooms, two and a half bathrooms, 1,988 square feet of living space, and sits on 1.98 acres of peaceful wooded land.

381 Oxford Lane, King William, VA, 23086


* Purchased for: $139,332
* Repairs: $43,940
* Sold for: $209,800
* Days Held: 208

Sadly, this house did not sell for the amount it was supposed to sell for. A neighbor with a similar house had a contract on his for $240,000, which was our list price too. That contract fell through, and the neighbor panicked and accepted the next offer, which was only $210,000. Clearly, this was going to affect our ARV, so we had to settle for less.

Unfortunately, no matter how well you plan, sometimes this business throws you a curve ball. Our company has systems in place that ensure this happens as infrequently as possible, so we are able to move on with the next deal without losing everything.

If you have any questions on this property or any other deals, do not hesitate to contact us!

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