Help in negotiating a deal..
Hey Guys, as you may know I am now into real estate and did my first deal and now trying to da a second. I try to buy houses on the low-end prices but In goox shape and in rentable conditions. I saw a nice one in Pennsylvania for $30,000 and I made a cash offer for $19000. The agent counter offeredat 27. I said 21, the agent counter offered at 25 and never shifted since. I made an offer for 22 and they never bulge.
The house is nice colonial brick and has an apprecation for 5 - 8k for over the year. The average prices for houses in a one mile radius is about 55k. Also, the house can be rented for cool 650.
I, also, have another option of 27000k, asking-price and that SFR js in better shape; with updated bathroom, redone polish floors, HWT, and a few more other stuff done.
I need some help in deciding which one and the price to be paid.