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Updated over 10 years ago, 06/25/2014
Help! Is this a deal I should pursue?
Hi BP,
Here's the deal I'm contemplating....
Seller moving out of town and needs to sell to pay mortgage. I have negotiated the price to 170K. Home is located in Alpharetta, GA, which is a great city outside of Atlanta. Recently sold homes in the neighborhood sold this year average out to be 225K.
This home needs the roof repaired and cosmetic upgrades. I am a beginner and don't want to get into rehabs just yet. I'm looking to assign the contract to an end buyer but I am unsure if this is a deal for the end buyer who's looking to flip and hold/sell.
To me this a good deal, but I'm nervous that I won't be able to find a cash buyer. Yes I have the appropriate out clauses in my contract but its my first deal and I'm just not confident!
Not looking to make a fortune, just looking to complete my 1st deal.
Any advice would be appreciated!!