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Updated over 15 years ago on . Most recent reply

User Stats

28
Posts
1
Votes
Vanessa Brostovski
  • Real Estate Investor
  • Lincoln, CA
1
Votes |
28
Posts

For Sale By Owner Scenario

Vanessa Brostovski
  • Real Estate Investor
  • Lincoln, CA
Posted

Hi guys. I found a home FSBO in the area of Sacramento CA. The seller is willing to finance, and I am still researching her terms, but seller is asking $239k when the estimate range for this area is anywhere from $123-$141. Seller has fully remodeled the place, i.e. new hardwood floors, tile, granite, stainless steel 'look" appliances, ready-to-use backyard, etc. The house is 3/2 and 1337 sf, which is decent around this area for size. Is it worth it to negotiate and negotiate, esp if the seller is an investor who is trying to pull out as much profit from the place? It is a nice home and it is HARD to find unconventional financing in this area, so it is something I want to look into. As an investor, I can't help but feel like homes that are remodeled already have the profit eaten up because the sellers always ask much more than a home that still has older interior.

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