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Updated over 9 years ago,
Seattle scenario question on pricing
I am a relatively new wholesaler and I have 2 properties under contract. My broker is listing the properties through the MLS; however, we are not getting much interest. I want to understand if we are pricing the properties correctly and how much would you price them for?
1) Property #1
1612 25th St, Everett, WA 98201
https://www.redfin.com/WA/Everett/1612-25th-St-982...
House is 3bd, 1.75bth, 1600 sqft; has 2 stories, 3 bedrooms upstairs, walk in basement from ground floor.
My ARV analysis puts the house anywhere from $250-280
Have the house listed at $160K
2) Property #2
8329 44th Ave S, Seattle, WA
https://www.redfin.com/WA/Seattle/8329-44th-Ave-S-...
House is a custom built rambler, 3bd, 2bth, 2700 sqft; has a 21K sqft lot and I figure it can support a multiunit, which I've seen in the area or can be short-plotted into 2 lots.
The house is listed for $480
Thanks for the help,
Alex