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Updated almost 12 years ago on . Most recent reply

User Stats

38
Posts
4
Votes
Marvin Cuffee
  • Flipper/Rehabber
  • Chesapeake, VA
4
Votes |
38
Posts

Help Please

Marvin Cuffee
  • Flipper/Rehabber
  • Chesapeake, VA
Posted

Evening BP Family

ARV $75,000 to $80,000
But the cost to repair the house is $55,000.

Started negotiation at $13,500 plus assignment fee of $5,000 = $18,500

According to the contractor, the house is not a tear down. But the only thing good on the house is the brick.

Question: With a 10,000 sq. ft. lot, which is big enough to add another room, and a city value of $24,500 for the land, what should my offer be, considering I already have a discount on the land?

City assed. $60,300

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