All Forum Posts by: David Totten

@Christopher Dumelle with you putting it that way... By all means! I hope all works out in your favor.

Hey Christopher,

I'm a newbie, but do the sellers have any other motivation besides moving out of one house into another? Is the other home free and clear or are they paying two mortgages? Just don't want to see you spinning your wheels for nothing. Looks like they're shopping for a price having it listed with a realtor and then coming to you...

Thanks for the replies everyone!!! The owners have done the roof work already and some of the minor updates already. Great info and much thanks!!! I'll let everyone know how it goes. They moved the meeting date to Saturday.

Dave

I have a motivated seller that has a property for sell that I'm supposed to meet tomorrow, October 17th. They are asking $15,000 for the property and the ARV is in the low $30's. They started rehabbing the property but the husband went back to work and they can't finish the rehab. The owners believe that it's about $4-5K left to complete the project and just want to get rid of the property. Their daughter was going to move in, but she had a job change at the last minute, so she won't be occupying the property. Should I take the remaining rehab costs off the top and offer $10K so a buyer will have a little spread in between? Any suggestions would be helpful!

Thanks,

Dave