Question about purchasing a wholesale property

[Shannon Leight]

Hello all:-). I’m a newbie here and researching the prospect of flipping a house. I have subscribed to a couple of wholesale email distribution lists. Are the asking prices firm? I would assume not but I really have no idea. If not, is it similar to the regular market in which they generally price high and assume there will be some negotiation? I know it depends and each situation is different and I need to research the value of the property..... Nonetheless, any input would be helpful. Determining the value of a property is not an exact science. Just wondering what is somewhat average in practice. If you have purchased one before, did you pay full asking price? If not, what percent below asking? I really appreciate your help:-) Have a great day!