Uncooperative realtors!

[Eva Karnaukh]

Hi guys! Need your feedback here as well as from all of the investor friendly realtors. I am working on a new deal now... A property ARV is 210K max... Was rented for awhile, and needs at least 20-25K of work in updates. The seller is out of state now and not involved in the property management. He got a realtor who is trying to sell it. They are asking 200k, which I believe is unrealistic unless you really not planning to make any money on it. My intend was to BRRR with an option to resell if I need to. I calculated that ask for 15% discount - repairs would be a reasonable approach, so offering $153K. Though, the realtor even refuses to pass this offer to a seller, as she claims that he would get upset and won't negotiate. She is telling me that he reflected every offer below 190k... I feel like I am not getting anywhere here, but not ready to give up just yet. Any suggestions on what to do? It feels like I am negotiating with the realtor and not the seller :-((

[Russell Brazil]

It sounds like you do not have your own agent, which is a problem in our market.  If you are trying to buy a property without an agent you will not be taken seriously in the DC area. Also do you have any comps to justify your price? Just because something needs $25k in work does not mean there will be a discount to price. There are many areas of the DMV where a property that needs $50-$75k in work will sell for the same exact price as something that is move in ready.