Our First Flip!
Just over a month ago we were blessed in taking possession of our first flip house. The opportunity, process and timing could not have been planned out more perfectly. I can honestly say that God's power and sovereignty has been tremendously evident through this event, and that my faith has grown by leaps and bounds throughout the course of the past several months.
Back in November(ish) my husband and brother had noticed that one of the homes behind us was up for sale. We knew that it had been unoccupied since we had moved into Kalona 18 months ago, and were immediately interested in touring and inspecting the property. Flipping a house is a dream that Jon and I have had for several years now, and while we weren't exactly searching for a property right at the moment, the location and potentiality of this home definitely caught our eye. Within a few weeks we were able to hire an inspector to come and give us the skinny on all of its shortcomings. Overall, the foreclosed 100 year old house was in decent shape, and while some major repairs would be necessary, Jon, Josh (my brother) and I decided that if we could get it for the right price and do the majority of the work ourselves, it would be worth it in the end. So we decided to put out our first fleece.
We made an initial low offer on the home, just to see how much the bank was willing to come down in price, and we got a hard rejection. We proceeded to put in a couple more offers, and the bank finally just asked for our highest offer.
So we prayed. Everything about this house seemed to be perfect. The location, size and potential. We wanted it bad enough that we were tempted to put in full asking price just to lock it in place.
But we didn't.
We had done some research on the cost of building materials and the comps of homes in the area, so we had a pretty good idea of how high we could go, but we decided to stay low. We put in a reasonable offer, well under the asking price and decided that if God wanted us to have this house, He would give it to us at this price. So we waited.
The bank did not give us an initial "no", but they did not give us an initial "yes" either. Our offer just remained, hung out there in mid-air. A few weeks went by, and to be completely honest, I had pretty much given up hope that we would have any further opportunities with the house.
One day, however, I came home from work and received some somewhat earth-shattering news.
As Jon was telling me about his day, he said, "Oh yeah...we got that house..."
"What?!" I said, completely in shock.
"Yeah," he said. "I guess it was the craziest thing. The realtor had just put in an offer from a buyer for $7,000 more than what we had offered, but then saw in her email that the bank had accepted our offer just minutes before."
After sitting on our offer for multiple weeks, the bank had decided to accept it just moments before another offer trumping ours would come in. If that doesn't display the perfection and power of our God, then I don't know what does. My mind had been completely blown. It was in that moment that I realized that for better or for worse, this project house was completely in the sovereign plan of God for our lives. Whether we end up successful or broken in the end, this was His doing, and He will carry us through.
Over the course of the last month, we have been working on demo, researching, and making plans. Initially we had planned to be through demo by now, but had another (good) surprise come up has that delayed our progress by a few weeks. (I'll be blogging on that at a later date, and I can't wait to share what it is all about, but for now all I can say is that Chip & Jo sure make it look much easier than it actually is. ;))
Thanks so much for taking the time to read our first story, and I can't WAIT to share with you all the ups and downs and amazing things that will happen during and through this project. To each person who has given us grace and encouraging words over the past several months, THANK YOU!! You truly have blessed with joy, motivation, and confidence to keep going and we can't wait to share all that God has done!