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Saturday, July 21, 2018

Tuesday, July 17, 2018

Roofstock Property Purchase: After Contract Was Disolved

About a week after the contract fell through, Roofstock contacted me with more details on the property. It seemed that the seller originally thought that my counter was a final offer (which it was not). He notified Roofstock that he would be open to a compromise on price between the initial offer and the appraisal value. This would have worked for me, but I had already entered into a separate deal through a different source. 

This was another positive on Roofstock's end by following up and attempting to still make the deal work after the fact. Had this happened a few days earlier, I probably would have accepted a counter offer and closed.

I also learned that within Roofstock, they have separation between buyer and seller representatives so that there is a more clear separation between the two than I originally thought. This makes me much more comfortable about using them in the future, although I am currently looking into a separate deal that involves the classic BRRRR strategy. I'll post more on that in the future, but this concludes my case study on my Roofstock Property Purchase.