OfflineI just looked up an house for 115k but the owner is thinking to sell it at 110k before the realtor sells the house? what can i do to lock this deal up and maybe make a profit, i am goin to view the house right now? she said it needs interior sides for three parts.
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When I was an agent, it was a typical thing to say I know it won't last long...
I would do your duligence, get the comps on the property within the last 3 months, figure the FMV, also look on the comparibles to see how long the properties sat before they sold. Then subtract all of your costs to purchase the property, closing, holding costs, rehab costs, the amount of profit you wants to make, etc. and that is your offer. Don't let someone push you into the purchase. There will always be other properties.
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