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Updated over 4 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Michael Falchi
2
Votes |
7
Posts

Found a motivated seller, tips on where to go from here?

Michael Falchi
Posted

Was driving around my neighborhood and i found a house for sale by owner. Its an older lady and her daughter and she wants to sell her house for 238,000 and wants to close quick. Market value for homes in her area are around the same price. I am deticated to making this deal work. Any advice on how to find buyers, whats steps i should take and how much i should market the house for?

Most Popular Reply

User Stats

333
Posts
457
Votes
Jerry Lucker
  • Flipper/Rehabber
  • Seattle, WA
457
Votes |
333
Posts
Jerry Lucker
  • Flipper/Rehabber
  • Seattle, WA
Replied

Michael,

Based on the limited info I'd say you've already done your comps. They're selling for retail. I don't see how you could buy and resell for a profit. When you're ready to sell any property advertise it or list it. If it's priced right it'll sell. There's always buyers for a properly priced home. 

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