we are starting to spread our wings. and want to know how our american cousin's are fairing during the credit crunch.please dont jump on me if i dont fully understand the terminology you use for property.hoping to make some friends and if i can help you understand the market over here a bit better please feel free to ask. if i dont know the answer i will find somebody that does.Best RegardsLes

Then go back into the archives.IIRC, many people who have sold recently have taken a huge cut from their listed/hoped for price.I won’t rain on your parade by answering your last question generally, but in my two cases, as I said, on the first, 30K less than lowest expected market sales price, I moved into it.

That's why you test and try to apply some metric that gives you the answer you're looking for.

I'm sure someone will chime in with a solid answer.

Awesome thank you very much kiana for answering my question :) hows your wholesaling business going?

So answering my own question yes it CAN be done.

Maybe, but difficult for any of us to answer.

I am fairly new but what i have so far in my learning is that u can pretty much find comps anywhere but that doesn't mean there actuate, and as far as estimating in some book and programs they tell u to pick a number, for example what i have learned is that depending apon the shape of the house going from ugly to real ugly to junk 10,000, 20,000, to 25000 and also depending apon the size needing to be in the area of 1000 to 2000 square feet then to take these unreliable number in to this formula ARVx70%-repairs = MAO and back off slightly for profit now like i said i am new so ,but i do know this is complelely dumb for me use do gurus bring your answers and add your knowledge or subtract from this and tell us newbies how to correctly run the numbers and come up with offer that guarantees u money even if u have to flip the deal over to and end user of course that is if it sales lol...

Thanks to all of you for the answers they are all great.

Unfortunately I don't have any good answers for you.