First offer submitted

[John Walston]

Just submitted my first offer in a property listed for $100k. 1,300sqft, 3 beds 1 bath. Roof and slab condition unknown. I found the ARV to be around $180k+ for my area, so it made sense to put in an offer at $73,000. We negotiated a 2% earnest fee and 1% option with 30 days.

Is this a strong offer, and do I have enough room to raise the price for my wholesaling fee later? if they make a counter offer, the highest I will go is $75k.

Finally, what should I be looking to sell this house for to my cash buyer later? I am hoping to set my wholesale fee at $10-20k. Is this feasible?