Currently have a deal going with Countrywide. Property is FMV $350, current HO own $405k plus fees. 1st and second are both with CW. Repairs are minimal at around $4k. The problem with this property is that it sits right on the freeway, the noise is so bad you can barely think let alone talk. The BPO came today and did the apprasial, I flat out asked her what it was going to come back at, ball park, she said she couldn’t give me that information. But she did say that a major factor in her decision was the freeway noise. I have offered the bank $300k. I already have an offer on the table from an investor for $365k if I can close by the end of the month. My question is if they counter what should I counter with? I have realtor’s fees of 5% plus closing costs title charges, etc. Looks like the highest I could counter with would be around, 320K netting me around 15k. Am I seeing everything? Please any comments are welcome.
Thanks’
LA