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Updated about 9 years ago, 11/09/2015
my first offer on a property
Hello BP need some help. I just made my first offer on a property it didn't go like I really was expecting,but it help me get over the hurdle of making a offer so I'm good with that. Ok so my question is what should I do now with that offer? Should I wait him out until he comes down some more or go closer to his asking price (houses in this market can sit up to a year or so before selling). Based on the info below what should my next step be.
ARV: 210
Asking:155k
Offered: 90k
He told me to go to hell,but he'll take 150k (Lol I think there's still hope)
The property is a 5bed/3bath move in ready house beautiful. 2,818 living space.
My exit strategy would be brrr, lease option,wholesale.
Thanks in advance for your time and input.