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Updated over 10 years ago on . Most recent reply

User Stats

44
Posts
5
Votes
Zaheer Jabbar
  • Real Estate Investor
  • South Richmond Hill, NY
5
Votes |
44
Posts

Help in negotiating a deal..

Zaheer Jabbar
  • Real Estate Investor
  • South Richmond Hill, NY
Posted

Hey Guys, as you may know I am now into real estate and did my first deal and now trying to da a second. I try to buy houses on the low-end prices but In goox shape and in rentable conditions. I saw a nice one in Pennsylvania for $30,000 and I made a cash offer for $19000. The agent counter offeredat 27. I said 21, the agent counter offered at 25 and never shifted since. I made an offer for 22 and they never bulge. 

The house is nice colonial brick and has an apprecation for 5 - 8k for over the year. The average prices for houses in a one mile radius is about 55k. Also, the house can be rented for  cool 650. 

I, also, have another option of 27000k, asking-price and that SFR js in better shape; with updated bathroom, redone polish floors, HWT, and a few more other stuff done.

I need some help in deciding which one and the price to be paid.

Most Popular Reply

User Stats

117
Posts
28
Votes
Leon Y.
  • Real Estate Investor
  • Las Vegas, NV
28
Votes |
117
Posts
Leon Y.
  • Real Estate Investor
  • Las Vegas, NV
Replied

Are these properties you are buying based in a decent neighborhood? If you're planning to hold them for a long time the quality of the neighborhood is very important too.

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