Oil Furnace and ARV in Seattle

[Sean Reardon]

Has anyone had experience flipping a house with an oil furnace in in the Seattle area? I'm looking at an opportunity and while the comps suggest a decent flip scenario, all of them are natural gas while the subject property has oil as the energy source. I'm curious if the buyer pool is typically reduced in this scenario as oil energy seems to have a stigma attached and as such, if the ARV would need to adjust down as compared to the comps to reflect that. Any thoughts around oil energy and furnaces would be greatly appreciated! Cheers, Sean

[Sean Reardon]

Thanks all for the responses. Turns out natural gas can be run to this property easily. And the cost to replace furnace is reasonable at about $5k. I think best best is to initiate process to have line ran and in jam can pull the trigger to move to natural gas.