what to do???

[N/A N/A]

MY husband and I have found several properties..

We need some buyers so we called several WE BUY HOMES ads and we are getting so many different opinons... one investor asked us if we were new to this and we said yes.... and he started drilling us.. (somewhat normal) Anyways he told us that the appraised value of the home does not matter, it is the comps.

My question is when looking at comps especially in a old (historic) neighborhood with newer homes and older homes that have not had really any renovations.....how do you know what to look for??

Here is what I found on this property.

the house was built in 1930 (completely renovated)
The seller has agreed to 190,000 as purchase price
no repairs are needed
the house appraised about a year ago at 245,000
according to the comps there was a house that was built in 1945 and I'm assuming it has been renovated ... it sold for 395,000 in Jan. 2007
Other comps were showing price ranges from 70,000 to 450,000
THe neigborhood is a pretty nice place.

Any advice would be great. :blush: