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Updated about 9 years ago on . Most recent reply

James Rhoades's profile image
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James Rhoades
  • Investor
  • from Apollo Beach, Florida
  • Member since Sep 30, 2015
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James Rhoades's profile image
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James Rhoades
  • Investor
  • from Apollo Beach, Florida
  • Member since Sep 30, 2015
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James Rhoades
  • Investor
  • Apollo Beach, FL
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Buying & Selling Real Estate

Short Sale Spread

James Rhoades
  • Investor
  • Apollo Beach, FL
Posted

How much should a home on a short sale spread be? I have a home uder contract and the home had been vacant for two years, no power, water. Its recoverable but I dont have time or resources to rehab it. Sale value will be 375k. The ARV should be between 425 and 450k. I dont know if this is enough of a comfortable spread for me and I may just find someone to take it off my hands, or drop it. Any suggestions?

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Account Closed's profile image
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Account Closed
  • Real Estate Professional
  • from Dayton, Ohio
  • Member since Nov 2, 2015
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Account Closed
  • Real Estate Professional
  • from Dayton, Ohio
  • Member since Nov 2, 2015
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Account Closed
  • Real Estate Professional
  • Dayton, OH
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Account Closed
  • Real Estate Professional
  • Dayton, OH
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That's not even close to a wide enough spread if you are planning on wholesaling it.

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