First Motivated Lead.

[Domonic Pope]

Hi Everyone,

I just got off the phone with a friend of a motivated seller. The story goes like this..

The seller parents died a couple of years ago and had bad renters that lived there with out paying rent. I've asked to look at house the to see if I can negotiate a cheaper deal.

I'm having trouble finding comps. I looked at the tax market value of the home and he is asking about half of that. I've seen previous houses list on the same street listed on Zillow that have not sold. The only house that have sold is within his asking price.

Should I calculate ARV by tax value, the inflated prices on Zillow and Trulia or both.

The house is not in a desirable neighborhood but will rent good. Not a crime area just have mobile homes and bad curb appeal as neighbors. Also right next to a military base.

[Account Closed]

Originally posted by @Elizabeth Colegrove:

How do you know it will rent well? We own near military bases and schools really do matter. We have found that many areas immediately surrounding the bases aren't the best areas. Good luck!

You might have forgotten to mention the military might decide to cut troop levels at the base and cut your values by 25% over night.