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Updated over 11 years ago on . Most recent reply

User Stats

160
Posts
1
Votes
Louise Whidby
  • Wilmington, NC
1
Votes |
160
Posts

MAO vs 70% rule

Louise Whidby
  • Wilmington, NC
Posted

ok someone has just threw a monkey wrench in all that I have learned from BP. It's all about the numbers,,,, I hear this all the time. So I finally learn how to do the 70%, 65% rule and now I plan on putting an offer on a Short Sale Monday. I think I have it all figured out until a colleague starts helping go over my numbers and she is talking a totally different language than I! Now Im confused as hell.....She is speaking on MAO. I have never been taught this system

3 Comparible Sold properties 128K.......

Short Sale listing price (is this called the FAIR MARKET VALUE) $95K? Which one of these numbers am I multiplying the 70%- repairs- my fee?....

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