SFH $50k under market value as-is. Comps suggest big profits with finished basement

[Brandon Espino]

Hey guys and gals,

I'm an agent in Colorado Springs. I have clients looking to move out of their home and buy a new build. We are pressed for time and they are considering selling to open door for a MAJOR price deduction. We've already come down $25k from where we were listed and now were sitting at $500k. It's a great area with nothing cosmetically or inspection wise wrong with the home. They've communicated to me that they are willing to sell for less than even what we are listed for. I have comps that suggest a $600k ARV with a finished basement and one comp (1-1) that sold @ 555k WITHOUT a finished basement. All within .5 miles and in the last 4 months. Just some staging and cleaning was needed IMO (which they refused). There's a big chunk available for whoever nabs this up. We just need a relatively quick close. I have GC's here in town that can get the basement done. I would do it myself, but I have my money tied in another project...

Wholesalers will not be entertained. Sorry!