Am I right?

[Pavel Reyes Valdes]

Hi everybody,

I was offered a deal and I just wanted to share my thoughts in order to get some critiques.

The guy is offering a Single Family house that is off market but I was able to find some info online. Zillow and other sites say it is a 2/2.5, but local realtors have the same house as a 4/2.5 on their websites. The seller says the house is appraised at 95k (wich I verified with the county's property tax website), and he says the house needs 30k in repairs. He is asking 45k and he says he has 3 weeks to unload it. I saw some pictures and it seems the house really needs those 30k in repairs. Location is not bad, but it isn't the best either.

Before making any appointment to see the house my answer was as follows:

95k ARV, with a loan of up to 70% ARV makes the potential loan around 66k, less 30k in repairs gives a fair price of 36k. I'm still waiting for an answer from the seller in order to schedule a showing, but let me know your opinions.