Potenntial First Investment Property
My name is An Nguyen and I am living in Philaldelphia, PA. I have a question about one fixer-upper property within the area that I am looking to self-renovation with my father in law.
Detail of the property:
Living lot: 1,500sq ft. Total lot: 5,000 sq ft.
Asking price is 275,850. Zillow estimate is 272,000.
Comps are 350,000-377,000.
I ran the number with Bigger Pockets Calc and the math came out to be 268k for purchase price with ARV is 400k.
My question is within my competitive market, how would the seller accept my offer 260-268? and would the ARV make sense with the comps are only ranged from 350-377?