Avon, CT is a hot market, with multiple offers being received the weekend of the open house, which is scheduled one week after listing.My offer of $725,000 was $20,000 lower than the highest bid, but was accepted without counter because it was not contingent on financing, while the highest offer at $745,000, while the buyer had pre approval financing, was subject to financing.

Without a hot tub, or a swimming pool, or a back yard patio you aren’t offering anything but a place to sleep.

It's way too hot for hiking in the summer, and ugly in the winter once all the green is gone.

THEIR PROCESS may have been fine a year or two ago when rentals were hot.

Imagine trying to ask an owner permission to add on hot tub or high cost item just so you can compete.

When we wholesale in Denver metro its usually 78-80% ARV, we would only go lower if it was a slightly riskier deal (no good comps, stigmatized area, layout that might not make sense, house will be listed in the winter).Having said that our flippers are still having success with those number because of how hot the Denver area is. 

And this is not just blowing hot air.

Major items include clearing overgrown shrubbery, replacing doors, fixing up the deck, getting a pond running again, and removing an in-ground hot tub.

I asked him what are the mortgage fraud hot spots in the US.. ( i had figured probably LA)  Nope ATL and Detroit 1 and 2.

i.e. deductible for a roof replacement or replacing an HVAC unit or replacing a hot water heater?