I'm thinking about buying this home which is in an affluent area, it's current sale price is $98,000 (I'm thinking of making a bid for $90,000) also it's appraisal last year was $117,000.
This will be my first deal, which I will shoot for getting at no money down since I have no funds and getting the bank to pay for the closing costs.
Do you think I'll get a cash buyer to pay more than $90,000 (if they accept the offer) so I can make a profit? Or am I confusing the concept?
Hello!
I'm thinking about buying this home which is in an affluent area, it's current sale price is $98,000 (I'm thinking of making a bid for $90,000) also it's appraisal last year was $117,000.
This will be my first deal, which I will shoot for getting at no money down since I have no funds and getting the bank to pay for the closing costs.
Do you think I'll get a cash buyer to pay more than $90,000 (if they accept the offer) so I can make a profit? Or am I confusing the concept?
Thanks for your help in advance!
Grace