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Updated over 11 years ago,

Dalton Summers's profile image
Dalton Summers's profile image
Dalton Summers
  • Involved In Real Estate
  • from Columbus, Ohio
  • Member since Jan 22, 2013
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User Stats

16
Posts
3
Votes
Dalton Summers's profile image
Dalton Summers's profile image
Dalton Summers
  • Involved In Real Estate
  • from Columbus, Ohio
  • Member since Jan 22, 2013
Connect
Dalton Summers
  • Involved In Real Estate
  • Columbus, OH
3
Votes |
16
Posts
Real Estate Deal Analysis & Advice

REOs as comparables

Dalton Summers
  • Involved In Real Estate
  • Columbus, OH
Posted

Hi all,

Came across seller who is wanting to get rid of his property that's in a rough part of town. The comps I pulled, using the MLS, were all REOs and sold for ~$15k in "as is" condition. Is that number my fair market value or max allowable offer?

I'd appreciate any advice.

Thanks in advance.

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