For those that wholesale REO and bank owned properties....

[Sandy Weed]

What kind of spread do you tend to see between the list price of the asset vs what you resell it for? For example: REO listed for $100k - been on the market for 90 days. ARV of $140k. What would you contract it for and what would your end buyer likely pay for it? Do the end buyers want to see a big difference between the list price and their price?