Did I Let A Deal Go In Michigan???
I recently had the opportunity to purchase a home that was going into forclosure if the owner didn't do somethinbg in two weeks. Tell me if I passed up a great deal or not.
The home was located in Rochester Hills, MI built in 1982 all brick 2000 s.f. bi-level, on 2.5 acres on a slab, septic, propane, well water.. I thought the home was in fair shape needing maybe $10,000 in updates to really make it look respectable. Anyway I let it go and it sold for $165,000. Whats your opinions on this one.
Well, you aren't really giving us much info upon which to form a response.
If you could have purchased the property for $100,000 and resold it for $165,000, then you passed upon an opportunity that doesn't come around very often. If you had purchased it for $175,000, but could only sell it for $165,000, perhaps it's a good thing that you passed.
Somewhere in between rests the answer to your question.