Hi there
This is my first deal
Let me know what you think. Home is a bank repo listed with agent they are asking $ 52900.00 for home /land. 2002 dw on .75ac. home has been on market for 9 months now this is due to the amount of repairs needed I estimate about $ 7000.00 to $ 9000.00 in repairs home was trashed by pervious owners. I plan to offer $ 20000.00 and do most of the repair myself. Would like to flip
Comp in are running for sim property $65000.00 to $79000.00 I already have financing line up interest only Heloc @ 6.5+prime. on my home. Is my offer to low or to high .all advice would be greatly appreciated
Thanks
Joe
Hi there
How do I get reo to take offer
Used agent to summit offer
Reo is holding fast at $52900.00
Property has been on market for over280 days now
Finance company is wells Fargo can I go to them directly
home is in really poor shape and getting worse more damage than last time i looked at it
please help if you can
Thanks Joe Killmer