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Updated over 4 years ago on . Most recent reply

User Stats

43
Posts
7
Votes
Jacques Edouard Dessejour Lapierre
  • Contractor
  • Atlanta, GA
7
Votes |
43
Posts

Maximum allowable offer in Real estate wholesaling

Jacques Edouard Dessejour Lapierre
  • Contractor
  • Atlanta, GA
Posted

Why is it that sometimes after I have done my numbers my maximum allowable offer is way above the asking price?

Most Popular Reply

User Stats

3,019
Posts
2,320
Votes
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
2,320
Votes |
3,019
Posts
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied

Hi @Jacques Edouard Dessejour Lapierre, this could be for a number of reasons.  

  • You could be off in your calculations of value
  • You could be off in your estimation of rehab costs
  • The listing agent, seller, or both could be off about either of the above.

In the case of the first two, there's good news! You're in a place filled with excellent people who know how to do these two really well,  In the event that the third option is the reality then; good news!  You can snatch these up and have awesome built in equity.  The balance of probability says #1&2 are more likely :) 

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