Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
Presenting wrong or not a deal
I just put a house under option for 14 days. I have buyers in mind, but after speaking to the first one he gave an indication that my deal was more inside a rental market and people probably wouldnt want to sink that type of money in, which could be the case, but seems to me like a descent family neighborhood.
The Deal
1)House (3bd 2ba 1100sqft) comps for around 80,000
2)Put under option for 30,000
3) The house does need repair and I have done really conservative repair estimates, coming up with a number around 30,000 just to be on the safe side and not give any surprises to a buyer.
4) I was looking to assign contract, after exercising my option, for 32000
Any suggestions on a different way to market this deal or am I looking at the wrong angle and marketing a non-deal.