Wholesaling on Maryland's Eastern Shore

[Jamie Anderson]

Hello, there!

I've recently started marketing my services as a wholesaler. I focused my marketing on a particular area, but got a call today about a house in a completely different area that I'm unfamiliar with - Pocomoke City, MD (Eastern Shore). I'm hoping to find another MD based investor who is familiar with that area, to offer some guidance on price and the market down there. 

The guy said he's looking to sell, but isn't pressed to do so. Although, he did mention not wanting to make two tax payments anymore (subject property is not his main residence), and that he's on a fixed income. He named a price of $168,000 which, based on my limited research is on the high side for that area. The house is paid off and not listed with a realtor, but I have yet to physically see it and whatever repairs may be needed. The seller says it's in good condition, but I don't just want to take his word for it. It seems like he wants retail, or above, for the place - which I know is a big no-no for REI in general.

He seems like he's motivated, but doesn't want to let on how much. I'm not sure how realistic he's being with that price.

Any thoughts?