The 50-60 cents on the dollar is based on the ARV based on today's current marketplace.

Keep in mind this is a 40 year reset of the market place not a normal correction...it's almost a mirror image of the RTC days and the market that followed.

Conversely, I think of it ideally as a SFR marketplace for the wholesaler who wants to flip SFR deals to rehabbers of single family homes.

The most common scam in the marketplace is the "Fee Stealing" scheme.

No if it's priced right it's a steal for most buyers.The fact the you mention THE RIGHT buyer indicates it is overpriced and the seller is wanting you to find THE ONE buyer who will pay top market for it.So it is either a steal or it is not.Usually that market is slow moving as those are move up homes and many buyers are underwater in their current homes.Research in your area WHAT IS SELLING.I focus on what buyer are wanting to buy in the marketplace and NOT what sellers are wanting to sell.Your MLS will have data on what product type is moving.Expensive homes have a bunch of outlay in marketing costs so the listing should not be taken lightly.Some friends that have been selling upper end homes for years provide basic marketing and anything additional make the seller pay for it and keep the receipts.Then when it sells they credit the seller off of their commission.This way if the seller wants to take off the market early or change brokers/agents and not give you the average marketing time to sell it they are out the money and not you.It makes the seller think long and hard about correct pricing when it is THEIR money on the line.

Only the advertising forums (ones in the Real Estate Marketplace and Real Estate Dealmaking) require a paid subscription.

I also ask subtle questions here and there to see if I can detect a lie.

hi arthur,I have before pictures, but the pee stains are very hard to detect. i do not have to replace the carpet and they ran the wet style vacuum on the carpet on numerous occasions. the discolorations though are still there. i charged them to repair a dark spot (left a bag of potatoes for a long time), but not for the pee stains.just wanted to see what everyone else does when tenants move out and the carpet has stains.

When the market demand is high for anything, there are always crooks in the marketplace that try to rip their customers off.

Remember, your job is to become an opportunity detective.