have question about property heres how it lays out
fmv-58,000
asking price-12,900
offer - 10,000
est repairs- 15,000
6 mo holding - 800
does this sound like a good deal please help
The numbers look good. Why offering 10 not their asking price?
just thought i try for little more in my pocket :biggrin
u think i should go with asking price ?
Well, if you believe there is no risk of losing the deal if you offer less, then go for it. The lower the better… But if you think the seller may go with someone else who may pay him his asking price and the asking price is good, then you may want to give them their asking price. It is just a matter of negotiations.
Make sure your FMV and Rehab numbers are correct.