The point here is what they owe is one variable while their ability to pay the mortgage and other issues are what determines this motivation.

In years past people have made money flipping properties in down markets.The direction of the market is only one variable.

Then 70% of $210K (lower end estimate) is $147K and is ballpark, given all the other variables in play.DavidOriginally posted by "**********":Hi David,1st we need to know what you want to do with the house?

like said earlier, there are more variables...

I often hear reports about how this is not a good time to flip or manage rentals or buy or sell a property but there are so many variables that those blanket statments don't cover.

By no means is this an exact science, there are many variables that can derail the master planI exercise restraint and discipline when determining whether something is worth keeping or is a dog with fleas.I love the feedback.

Agreed price vs. asking price, time on the market and other variables that will tell you what is 'normal' for the market.Some deals will happen when you least expect it.

Unless you are providing the equivalent of a mil-spec for the scope of work, there is a tremendous variable in materials, application, preparation, workmanship, project management, and 1001 other details.

Rich,Thanks for posting the book review.If the book is more helpful to experienced people and some mechanics are left out I would like to suggest we fix the problem.Post the key variables that Wendy says are important when evaluating a market at a distance.

All these factors are the main reason we always offer free estimates, there are just too many variables involved.