They may even come back with a counter that gets closer to your ball park figure.

move one of the balls forward, and get out of the cycle.

I called my insurance agent and he told me that they don't care about permits.the insurance agent/ broker is a middleman who moves paperwork between his client and underwriter/adjuster/main office etc. they might speculate but would not know that for sure until the ruling comes from the main office. once your place burns out the fire department will determine the cause. then the ball starts rolling ..was the job permitted ?

But that should be in the ball park, assuming you're talking about an apartment building.

Lenders will rarely accept a low-ball offer.

Is this a good offer number or am I low balling too much.

Additionally you may find out very quickly that low balling every property is going to get you a flood of quick rejections and leave a very sour taste in the mouth of many realtors.

Then what if that appraisal drops the ball and comes in way low based on a sale that IS NOT a RETAIL TRANSACTION.

Maybe the reason the park is not selling is there is bad financing in that area- so they 'solve' you financing issue by doing a owner carry...my point is- you have zero idea of what your next step is until you 'have a ball in play'.

I know everyone uses the rule of 70% but in some cases that flies in the face of reality.You were the first guy on the scene and he spoke to you,CONGRATS, now get him on paper.The owner right now has options and if you low ball him you lose!