Am I asking too much?

[Anthony Bostic]

My Business partner and I have a house under contract right now. The ARV is around $125,000 and were asking $88,000 it's a 4Br 2Ba Tri-Level home in a desirable area. After marketing to our Buyer's list we are finding that our buyers are saying that the house is in too good condition? Is this a result of not having enough people on our buyer's list or am I asking too much for the property? Any advice would be helpful. Thanks in advance

[Shaun Reilly]

If the "Problem" with the house is that it is in too good of shape why don't you try selling it to retail buyers/homeowners for close to the ARV?

If a property is in really good shape it is hard for investors to add value to resale. If your ARV is right (which is what I would question) basically they would incur 2 sets of closing costs to get a minimal profit.

If the numbers are right it is a nice deal for someone that wants to keep it as a home.  It might be a good rental at that discount if the other numbers look good.