PLEASE Help with this Deal!

[Matt Pierce]

I have a seller in a Seller’s market who wants to sell his home for way over comps. He has owned the property as a rental for over 20 years and it is on almost an acre land. The challenge is it’s in an area where the avg lot is under .25 mi and the closest comps I can find are houses on way smaller lots. The house is in good condo but very outdated. Going to need full renovation upgrades. Asking $420,000 Comps: $320,000 THINK HE IS ASKING MORE FOR IT BECAUSE HE BUILT ALOT OF THE HOME HIMSELF. THANK YOU

[Gabriel De Almeida]

I mean I'm sure there are stories out there where people have somehow managed to bring someone from that kind of asking price down to an offer that actually makes sense but I think your time will be better spent invested in trying to find other motivated sellers. Keep him in your back pocket and reach out to him every other month or so just to follow up and see if his mind has changed.