
Bill, owner of
Bill's Handyman Service (see Resource Directory) originally purchased his home
through Peter Medal in 1995. Stealing it back then and subsequently doing a
complete remodel inside and out Bill was expecting TOP DOLLAR. Sadly though,
Bill had "overbuilt" for the neighborhood and getting top dollar was going to
be tough. The home was listed and remarkably an offer came in at full price
except the buyer want the seller to pay for their down payment and closing
costs. Essentially $8000 below the listing. We countered to pay less (just
$5000 or so) and increased the sale price. They accepted. Fearing that the
home would not appraise we schmoozed the appraiser and provided detailed
information about upgrades. The home appraised! Late in the transaction we
learned the buyer was not going to close on time and as a result, we were no
longer going to have a contract on the home. Being the tenacious negotiating
bastards that we are we gave the buyer and their agent an ultimatum. Reduce
the sellers $5800 subsidy by $3000 or we keep the earnest money and sell to
someone else. The end result: Bill sold the home $2000 above his list price
and with the subsidy, essentially just short of the list price (on a net
basis). Congratulations Bill! By the way, if you EVER need a handyman to do
plumbing, electrical, or other repairs around your home Bill is THE MAN. Bill
is the exclusive provider of handyman and repair services for Peter Medal and
his rentals. His information is available on the resources directory.