Help! Is this a deal I should pursue?

[Jason Wrice]

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!!

[Bryan L.]

@Jason Wrice - This deal would be a no-go to me as an end-buyer.  But there are others out there who might buy it.  I say "pass" and keep on looking for a better deal.