I'm going to make this short and sweet. I have a house, not yet under contract, that I'm interested in investing in. The lady that owns the house had it priced for $80,000 and before we started to negotiate a price she said she would go down as low as $66,000 (she owes $48,000 on it). The question I have is, would it be disrespectful of me to offer her her low price? The comps on the surrounding area is $85,000-$95,000.
@Brandon Pickens I don't think it's disrespectful, especially as she told you her low price already. That might not even be her real low price, but just make an offer that makes sense for you. If her low price doesn't make sense, then offer what you feel the property is worth.
@Brandon Pickens The least she could say is no. Run your numbers and present it to her.
I attempted to get a house under contract last week.....they said that they wanted 12-15k.....i offered 9k......of course she declined but thats where the numbers made sense.