lost my first wholesale!!!

[Jason Kennedy]

So I get an email today from a agent that has a 3/2 In tulsa current market value  @98k. This was a reverse short sale listed at 47k

Being on my way to California and a little research I wasn't comfortable at that price point so I offered 40 thinking I had a buyer my buyer backed out the agent is waiting for an email from me so I am here trying to find out what to do should I go ahead with the offer.and hope to find a buyer or let this one go. Keep in mind I haven't physically inspected the property was built in the 70s 

[Wayne Brooks]

A reverse mtg short sale will have a set, required price. 95% of FHA appraisal, assuming it's FHA insured, which almost 100% are. If the listing agent knows what they're doing, this will be the list price.