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Updated over 8 years ago,
1st. Lead
My wife and I got our 1st lead on Saturday. The owner is selling the house for 158k but it has been on the market for almost a year now. She said she doesn't want to take no lower than the public records property appraisal which is 148k, mind you the house is only 964 sqft 3bd 1ba. It use to be a 2bd but they added on a room. When I try to do the comps in the area it's a house that is 0.9 mi away that's 3bd 1ba that is 1054 sqft that sold for 135k and a 2bd 1 ba that is 1346 sqft that is 0.4 mi away that sold for 155k. Mind you also this property has no central air or heat and needs a little renovating to it. How should I analyze this deal correctly I was going to use the comp of 133k to get my numbers should I proceed with that number?