Updated almost 10 years ago on . Most recent reply
FSBO Do or Don't Do, Deal or No Deal
BP, in driving around yesterday, I found an FSBO property. In contacting the owners, I've learned they're wanting to sell as they've retired and moving out-of-state. It's a 4BR, 1 1/2B, LR, Eat-in kitchen, converted garage house. They have done lots of work on the house (new doors inside, new carpeting, freshly painted, bathroom has had some updating). They'll be back the end of this week and I will get to see the inside and speak to them. I asked how much do they need to sell it for and they told me 130k. It doesn't have any liens, second mortgage or anything on it, but it does have a mortgage they said. It is less than 130k however, they did not tell me how much. I intend to find that out when I see them upon their return. If they don't get a sale when they come during the week, said they are going to list with an agent. I would like your feedback in if you think this is a deal and should I pursue for wholesaling? Thanks for your advice.