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Updated almost 10 years ago on . Most recent reply

User Stats

69
Posts
19
Votes
Ashley Guzman
  • Realtor
  • Fort Worth, TX
19
Votes |
69
Posts

Should I make an offer??

Ashley Guzman
  • Realtor
  • Fort Worth, TX
Posted

Hey guys! I have a question about a property that a lady wants to sell...I am not sure if it is a deal or not as I am extremely green! She has a 3-2 1600sqft home in a nice neighborhood...i used to live there... she owes 72,000 on her mortgage and she is current on her payments..they are currently looking at another property so she does not want to list or do repairs or anything because she wants out quickly. the roof is seven years old and there are no foundation issues. She said she is willing to take 105-110 but she may go down and the houses in that area go for about 125000-135000. I am trying to wholesale this house with an assignment fee between 2500 and 5000 I have not pulled comps yet...and I have made no number offer either. I am pulling comps..but am not sure what to do!! Please help and any suggestions would be great!! Thanks in advance

Most Popular Reply

User Stats

41
Posts
8
Votes
Fred Brauneck
  • Real Estate Investor
  • Macon, GA
8
Votes |
41
Posts
Fred Brauneck
  • Real Estate Investor
  • Macon, GA
Replied

Do you know why she needs so much more than just payoff her mortg?  I think  if she wants out quickly, she must be willing to take even lower. How much is her low base?  Can you offer her 95?  Check the comps and if come are 95 or lower, you might have bargaining chip...