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Updated almost 9 years ago on . Most recent reply

Patrick N.'s profile image
Patrick N.'s profile image
Patrick N.
  • Investor
  • from Austin, TX
  • Member since Sep 10, 2015
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User Stats

16
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6
Votes
Patrick N.'s profile image
Patrick N.'s profile image
Patrick N.
  • Investor
  • from Austin, TX
  • Member since Sep 10, 2015
Connect
Patrick N.
  • Investor
  • Austin, TX
6
Votes |
16
Posts
Buying & Selling Real Estate

How Much Should I Offer?

Patrick N.
  • Investor
  • Austin, TX
Posted

I'm preparing to submit my first offer on a property. It's currently listed on the MLS and would need little-to-no rehab. Basically turnkey. How do I determine what an appropriate offer would be? If it's listed for $100k, would a $75k offer be too low? Would a $95k offer be too high? Is there a general percentage rule-of-thumb to follow?

Thank you in advance!

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