The first thing I notice is the rejection you are expecting. Totally negative. Envision you will get the deal and see yourself fixing and selling the property for a handsome profit. We do not get everything we visualize but if we did then I would prefer a done deal and not a rejection notice. If all your numbers are correct you could counter offer another $5K to $7K and still end up with a $10K profit.
Have you figured closing costs you may pay on your loan or is this a cash deal. Have you figured in for closing costs or concessions you may make. I would certainly figure at least 3 months on holding costs. Good luck. David Graham
yes i have, I have a 90% conventional loan plus my HELOC for down payment and repairs. I included 4 months of holding host + realtor fees, closing cost, repairs, buffer, etc. Broker said house was pending after i sent in my offer btw. Thanks, I’m trying to figure out how much to bid over the asking price on a HUD home atm. see my HUD post.