Seeking Advice on Making an Off-Market Home Offer
Hello everyone,
I hope this message finds you well. I'm currently interested in making an off-market offer on a home currently owned by an elderly couple that is downsizing.
Here are some details about the property:
- **Location:** The home is situated on a popular lake, which I believe adds significant value.
- **Year Built:** It was constructed in 1960 and has not undergone any updates since then. Currently a 2bd 3bath. I would convert a sitting room to a 3rd bedroom and finish the basement.
- **Lot:** The lot itself is great, which is another appealing aspect of the property.
- **Tax Assessed Value:** The home has a tax assessed value of $512,000.
Given these factors, I would love to hear your thoughts on how to approach making an off-market offer. Specifically, I’m looking for advice on:
1. **Pricing Strategy:** Considering the assessed value and the home's condition, what would be a reasonable offer? Reno would include a full kitchen, 3 bathrooms updated, new floors throughout, replacing paneling with drywall, and updating utilities, creating 3rd bedroom (office), and finishing the basement.
How should I frame my offer to make it attractive to the seller?