Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
I'm Looking for Advice
I've got a short sale listing in Oviedo, FL that I'm having a problem getting a buyer. The home is a two-story, 2563 sqft home near the University of Central FL. The home needs work, as the seller couldn't afford to keep it up. An estimate to get the home in decent condition is btwn $25K to $35K. The after repair value (ARV) range from $ 220K up to $270+...Zillow has it at $271K. I pushed the lender to do an appraisal, and it came in at $220, which I thought was too high. The bank is willing to take about 8% less than the appraised price. I've had three buyers who walked after the inspection. I'm looking for any creative ideas to move this home and get it sold. Thanks for any input.