In this brief YouTube segment, Nathan Payne interviews a colleague about a recent buyer who withdrew from a $60,000 contract. The discussion centers on the buyer’s original scope—relocating a laundry room and bathroom, converting office space, and the need to strip the area down to the studs. Both speakers acknowledge uncertainty about the extent of work required and the implications for cost and feasibility.
So curious, for the person that canceled today, what— I'm just curious, what price did they have the contract for? Did you say $25,000?
No, no, that was one of the earlier ones. Uh, the one today, originally they, you know, were going at $60,000.
Okay.
These guys all say, well, oh no, you can't have a laundry room in a separate building. We want to take the bathroom out of here, put the laundry room there, put, you know, into the office area that you have, put that into, uh, make that the new bathroom.
Okay.
And well, we don't know what's, you know, what's going to involved. So we're going to have to take it right down to the studs and the basic, bare basic floor, right?
Right.
Anybody can come up with figures of $70,000, $90,000, $80,000, or $100,000 for a remodeling, of course, but the area doesn't warrant that.
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