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Updated about 10 years ago on . Most recent reply

User Stats

53
Posts
15
Votes
Cameron Berens
  • Real Estate Agent
  • Florence, KY
15
Votes |
53
Posts

Motivated Seller, What Should I Offer??

Cameron Berens
  • Real Estate Agent
  • Florence, KY
Posted

I've just recently sent out my first YL campaign and think I might have my first actual motivated seller to work a wholesale deal. 

Some info about the property - about 2,200sqft, 2 story SFR, 4b/2.5b, built 95', unfinished basement, 2 car garage, owner owes approx. 30k on mortgage.

Motivation on the seller's end - got remarried and moved out 2-3 years ago, still paying on mortgage, new wife hates he is always stopping over there checking on the property, busy with work so hasn't got around to deferred maintenance (water damage, broken gutters, etc...), doesn't really have time to fix up to list property.

Best comps I could find in neighborhood within past 9 months - 2,630sqft, 3b/3b, 2 story SFR, $173,000... 2,688sqft, 3b/3b, fully finished basement, tandem 4 car garage, 2 story SFR, $235,000... 1,992sqft, 3b/2b, ranch, $205,000... 2,300sqft, 4b/2.5b, built 95', 2 story SFR, $243.000.

Do I have something potentially good to work with here? Without actually seeing the property yet what would be a good number to start with?

Most Popular Reply

User Stats

266
Posts
240
Votes
Jeremy T.
  • Investor
  • Pittsburgh, PA
240
Votes |
266
Posts
Jeremy T.
  • Investor
  • Pittsburgh, PA
Replied

Hidden camera footage of a recent @Joseph Ball negotiation:

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