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Updated almost 13 years ago on . Most recent reply

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513
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26
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Antonio Bodley
  • Alabama
26
Votes |
513
Posts

Offer price is more than asking price.

Antonio Bodley
  • Alabama
Posted

Is it possible I can get a home under contract without using the MAO calculation? I was looking at homes from motivated sellers where their asking prices are lower than the MAO I was going to use. If that is the case, how would the deal work out where I have to figure in repair costs without using ARV x % - repairs = maximum allowable offer?

Most Popular Reply

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1,029
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380
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Jake Kucheck
  • Residential Real Estate Agent
  • Costa Mesa, CA
380
Votes |
1,029
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Jake Kucheck
  • Residential Real Estate Agent
  • Costa Mesa, CA
Replied

It's possible that the list price is below your max offer price, but it's a lot more likely that you are either overestimating your exit value or underestimating repairs (or both).

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