Deal analysis

[Andrew Stevenson]

I have listed all the details I have on a wholesale deal I am working on that is in the country 72 miles east of Tulsa, Oklahoma. Please let me know if this looks like a deal, if I should go ahead and pay the money to get a BPO, and if you have access to the MLS and can help me with some comps that would be great.

Owner thinks the comps
would be 120-125K

Zillow says it is worth
116,000K

I don't have MLS Access
so if anyone on here has it and can help let me know

House is not updated
and needs some repairs: listed below

4 bed 2 and a half bath

1800 sq ft total
including sunroom and loft overlooking valley (has great view)

Wood siding

Built in 1983

No tenants

owners are occupying

They own it as a land
contract that

Owe 28,000

Trying to get as much
as possible but understands he will probably 60-70%

Wants 75,000 but willing
to negotiate

Looking to sell as
quickly as possible

Don’t want to give it
away

75,000 sounds like a
low fair offer to owner

He says the view sells
it

Owner thinks it would
sell on open market but need to sell now

Will list it with
realtor if they absolutely have to

Will stay in house if
necessary

Asphalt roof new
within 2 years soon

Garage has older roof
but the roof does not leak

No offers yet and have
not talked to anyone else

Repairs/updates needed:

Finish painting trim on outside of property and garage.

New garage door and replace two window panes in garage

new roof on garage if wanting to replace (but it does not leak right now)

Finish staining and painting deck rails

new medal door for storm shelter

finish wood siding in sun room

new counter tops (current ones are not granite, but are in very good condition

appliances all work but are not new