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Updated about 9 years ago, 12/11/2015
First Motivated Lead.
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.