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Updated over 10 years ago,
How to market a potentially large project to a rehabber
I asked this in another section, but it may be misplaced since it really is a marketing question:
I spoke to a homeowner today who has a small (900sqft) home for sale that needs about 15k-20k in repairs by my quick estimate ($20 per sqft). The property is in a great neighborhood where people rarely sale once they buy, maintain the property really well, and have a phenomenal schools district. Trouble is, the owners won't sale for less than $48k with an ARV $61. I was looking of ways to market this as a wholesaler because the home and it's placement has lots of potential. It is on a double lot. Homes that are 1100sqft 3/2 usually go for twice the amount (sold). Would it be feasible to market it to a rehabber on the potential? If they were to add onto the property 200-300sqft they could double what they'd pay from me on the deal, although I have no idea how much it would cost to do that in upstate NY.
Do you think I can market on this potential???