They've never been in another house in the neighborhood.Now often they will have more neighborhood or city knowledge, that I may not have, but I ask them questions that I think are important to the sale or value.Many homeowners focus on the wrong things. 

Question to you then - how and when did you acquire the properties you have now?

What is the current market valuation of the property based on comparable sales (defined as similar properties, within a 1-mile radius, within the last 30 to 180 days, that are within 10% of total square footage)? 

It’s interesting to see home prices creeping up with that steady buyer demand, especially with spring on the horizon, and the slight inventory increase could indeed give buyers a bit more leverage—though the speed of well-priced sales backs your point about timing.

This would have allowed the investor to secure their interest against the asset while also benefiting from any equity appreciation upon the eventual sale (assuming the plan is to flip).

The top three expenses in a flip are the rehab costs, lender fees, and sales commissions.

Disclosure: I am a heavily allocated real estate investor, and SMB owner (which I acquired) 

I still use the BP calculator for initial underwriting even on +$5M deals and that’s what I send to the bank along with my purchase and sale agreement to get term sheets going. 

If you want to get an estimate of the market value and net proceeds you should receive from the sale, I recommend asking an agent to put together a CMA for you.

That means if they sell it, they will pay taxes on nearly the entire sale amount which could be a hefty tax bill.