All Forum Posts by: Account Closed

I wouldn't over complicate things if you're just starting, sounds like the real issue is the formula you're using to determine your offer...

Instead of the 65-70% rule(s) try this: 

1. Get the sold price on 3 of the lowest comps (6-12 months out) 

2. Add the 3 prices and get the average of those prices 

3. Multiply that number by 80% and there goes your maximum allowable offer 

4. Assign contract for 5,000-$13,000 above contracted price. 

Disclaimer: This is what I use in my market yours might be different.