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Updated over 7 years ago,
Understanding MLS Asking price strategy
I picked up my first duplex last year off the MLS. Looking for number two in a similar neighborhood. However, the property is listed much higher than surrounding comps by at least 60K. I'm not trying to low ball them but I know with the numbers they reported their isn't much of a return for an investor.
My question, how do you (the BP community) treat these deals. Do I submit an offer with numbers that works for me? If so, should I submit my offer with supporting information as to why I am offering much lower than asking? Maybe I'm over thinking it, but I would love to hear your thoughts.
Thanks!