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Updated about 9 years ago on . Most recent reply

User Stats

41
Posts
5
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Carl Randal
  • Real Estate Agent
  • Huntsville, AL
5
Votes |
41
Posts

When the "Math" makes the offer too low...

Carl Randal
  • Real Estate Agent
  • Huntsville, AL
Posted

(ARV x 65%) - Repair Costs = Maximum Allowable Offer. What do you do if the math makes the MAO so ridiculously low that the previously "motivated" seller becomes not so motivated? Example: ARV $162,000 X 65% = $105,300 - 28,312 (Est Repairs) = $76,988. I believe the math is the math, but that doesn't necessarily make the seller (Individual or Bank) take your offer seriously. Note: Despite the seller's attitude toward my offer....I am very serious when I make my offer. Any comments would be much appreciated.

Most Popular Reply

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13,374
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19,408
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,408
Votes |
13,374
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Sometimes the best deals you make, are the ones you don't.  Walk away.

The numbers don't lie, if you try to argue, you'll lose every time.

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