Phone call with Motivated Seller.

[Darren Nichols]

I just got off the phone with a Seller and asked him basic questions about the property. The property is a 2 bed 1 bath and the value is 71k and he said the only things that need repair is new carpet and linoluem, the property is 960 sq ft. He said the debt on the property is 51k and they need to sell by the end of May as he has already moved to another state for a new job but wife is staying behind until property sells. I did the 70% ARV but i am not sure if I should just say about $7/sq ft in repairs and not sure what kind of offer to make since the debt is 51k. I told him I would get back to him soon with an offer. Can anyone provide some insight/advice PLEASE! Also comps in the area are between 70k and 74k