Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

14
Posts
5
Votes
Benggalo Lempo
  • Real Estate Investor
  • Copperas Cove, TX
5
Votes |
14
Posts

I am doing offers right???

Benggalo Lempo
  • Real Estate Investor
  • Copperas Cove, TX
Posted

I need help with offers and counter offers. I understand the whole concept of low balling, but how do you get that low ball offer and work with counter offers?  This is my process:

Seller is asking for $182000.

Because I have no MLS access, I find my ARV through Zillow, Real Quest, and Total View. I average the three estimate.

Then I go on Zillow, and I compare the recent purchase prices in the area. And see if the ARV is even close to my comp.

Ex. Zillow: 178. Real Quest: 165 Total view: 185. ARV = 176.

ARV × 65%= 114.

Comps: 164, 155, 172 = 163.7.

Now here's where I get confused. Would in offer the seller 114? Then work my way up or would I offer my comp average - repairs/fee? 

Sorry everyone, I'm a newb. :-\ I am determined to get this. 

Respectfully,

The new kids

Loading replies...