All Forum Posts by: Robert Campbell

Thanks for the advice. The realtor said there are no comps in the immediate area but looked a little farther out. I was concerned more with what the bank would do for their market assessment if it assessed much lower then asking price. The bank said I could negotiate with the seller or walk away. 

Thanks for the quick responses!!

Rob

Hi all, Very new to real estate investing but I am learning. I want to buy my first rental property but I am concerned that my asking price may be much higher then the banks assessed value when determining mortgage approval. If there are no comps in the area (4plex), how do I determine if the property is worth asking or what I am willing to pay? I hope I explained it correctly.  

Many Thanks in Advance! 

Rob C