Is it worth it to wholesale this property?

[Antoine Belt]

Wee have a two part question for you guys. 

Here's the back story...

We have the opportunity to wholesale our first house and the buyer is very motivated to sell... but here's the dilemma. The house was orginally built as a 2 bed/ 2 bath with 904 sqft. Our seller purchased the house as a 3 bed/ 2 bath with with a bonus room (the basement was finished in 2009 and ALL of the utilities were updated ). Based on what we've seen have been told by the seller, the house is around 1200-1300 sqft. He bought the house for 125k in 2009 and he is very motivated after a horrible divorce.

Question 1:

Our seller is willing to take what he owes which is around $102k. The Arv is around 117k-135k based on recent sales and the neighborhood.

Question 2:

Does a finished basement and extra rooms add significant value?

Thanks for the responses in advance!

[Account Closed]

by the way. ill use myself as an example. when negotiating, the only number i heard was 117k.  when a seller says "  i would like to sell it for around 120- 125k" the only number you hear is 120k.

so in future, when you are negotiating with a seller. dont say " i can offer you around 100-105k".

not saying you did that. just figured id throw that little advice out there