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Updated almost 16 years ago,
Might be doing my first deal..ADVICE PLS
Ok so here it is:
The property is a 3/1..The owner is not living there...it has a fenced in bkyard, new hurricane resistant windows, new tile flooring, painted walls and he's says he is goin to put in new appliances anyways...
I did my research.The house is valued at 175k but he's asking for 159k. And he bought the house in 2008 for $97k
Some of the investors in my area say they usually take 40% off the market value and minus repair costs and minus their assignment fee...
But from the looks of it there might not be alot of repair for the end buyer to do and if i subtract 40% from the market value I come up with $105k and I think that way too low to offer him but What do you all think I should offer him????? And Im lookin to possibly get myself $2k-$5k...PLS ADVISE Thanks in advance