It Starts With Teamwork And Vision Part 2

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291
Here is what happens when there is teamwork and vision.
  It starts with the owners of Kar-Ess Properties, Karen and Esther, a cute play on their names.  They saw a home's potential in a wonderful location in great need of TLC.
Note: Anyone around me for a while knows that Tender Loving  Care TLC also has a different meaning when describing specific properties.  In addition to passion, vision, talent, hard work, and expertise, there must be " Tons Liquid Cash!" It's not an exaggeration; cost is a huge factor.  What needs to be done to wake up a tired house has many stages. 
Bathroom before
 
We put in an as-is offer, a 2-week settlement with the right to inspect. 
The roof and a dry basement are two biggies anyone buying must evaluate.  A contractor "checked" these two areas and gave us a go.  But we went a step further and ordered a complete home inspection.
  The roof, when walked on, tells a different story from a visual inspection.  The shingles looked fine, but the wood underneath was not.  It was soft and not safe to support the inspector.  A new roof is a big-ticket item, not one in the initial budget.  Decision time: Do we withdraw the offer since it was being purchased as is?  What if we could negotiate a new roof with a licensed contractor, or the cost?  We were scheduled to settle in a couple of weeks.  We proposed the counter to the seller and were ready to walk.  The seller negotiated and countered with an acceptable allowance. 
We moved forward to a smooth closing.
  And this is what we settled on.
 
Look at the photos above.
 
There was a pink and black theme. A pink kitchen ceiling and a black and white floor, wallpaper yes, some on the ceilings, worn-out carpet, and mirrors.  
 

Be patient and stay tuned for what happens next!

There will be after photos.

If you are thinking about buying or selling a home

Call Margaret Rome

Posted by

Margaret Rome
HomeRome Realty
Broker/Owner/Realtor®

Baltimore, Maryland


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Comments (9)

Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Great points Margaret. If everyone gives a little an agreement is reached. Standing firm often leads to nothing but gridlock. Jeff

Sep 26, 2023 09:37 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Good to see you, Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI.  Agree...It is the art of negotiation.

Sep 26, 2023 09:45 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Margaret,

OH I can't wait to see the after photos! Good for you for getting an acceptable amount from the sellers for the roof. I'm sure its going to look fantastic when renovated! 

Sep 27, 2023 04:53 AM
Margaret Rome Baltimore 410-530-2400

Dorie Dillard Austin TX It is finished and fantastic.  Here are the after pictures.

Sep 27, 2023 05:10 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

I can't wait to see the after photos! Good thing the buyer decided to get a complete home inspection, even with an "as is" purchase. The roof is why that's so important!

Sep 27, 2023 05:18 AM
Margaret Rome Baltimore 410-530-2400
Sep 27, 2023 05:13 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Margaret. One person's nightmare is another person's treasure. A budget and patience are essential. Look forward to future photos! Enjoy your day.

Sep 27, 2023 06:03 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Wayne Martin This turned into a treasure1 

 Here are the after pictures.

Sep 27, 2023 05:15 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Margaret in order for most transactions to be successful there needs to be a willingness to reasonably negotiate on both sides

Sep 27, 2023 05:54 PM
Margaret Rome Baltimore 410-530-2400

George Souto 

For sure, there needs to be the willingness to negotiate on both sides.

Sep 27, 2023 06:11 PM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Looks like it will be a great home when the work is finished. Congratulations on the negotiating.

Sep 28, 2023 01:26 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Good to see you Pat Champion. And it is finished.

 Here are the after pictures.

Sep 28, 2023 02:25 PM