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Updated over 11 years ago on . Most recent reply

User Stats

341
Posts
22
Votes
Shequann Burrwell
  • Wholesaler/rehabber
  • Arcadia, FL
22
Votes |
341
Posts

worth looking at or not?

Shequann Burrwell
  • Wholesaler/rehabber
  • Arcadia, FL
Posted

so I found a seller who was divorced last year and needs to sell there multi-family home. im running comps on on the property and the taxes check out but what she wants and what the estimated values is way off. county records assess the value as $134700. not zillow and trulia numbers are way off from each other and the county records value. zillows at $187143 an trulia is at $151400.

my comps are coming in lower than what she's asking for which is 187,649. she said a realtor has helped her come up with this number. the price is negotiable but I doubt she will move much.does anyone think this is a deal worth working. I go to see the house tomorrow at 11am. im not looking to waist my time since I have other leads to follow up on as im playing catch up as it is.

Most Popular Reply

User Stats

3
Posts
1
Votes
Nick Katzer
  • Pueblo West, CO
1
Votes |
3
Posts
Nick Katzer
  • Pueblo West, CO
Replied

Maybe you can pay her price if she can deal with your terms. Ask her to carry the loan at say 4.5% interest with a balloon in say 3 to five years. The value will certainly be up by then and you should have some equity.

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