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Updated over 8 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Joey Rivera
  • Houston, TX
3
Votes |
9
Posts

Is this a fair offer.?

Joey Rivera
  • Houston, TX
Posted

Hi I am selling my condo to an investor. His offer is $73k..I owe $71k..he says there's not much room to negotiate. These condos usually run about 90-95k. Last year it appraised at $77k which I thought was pretty low. It's a 2br 2b townhouse. 1,300 sqft. No repairs needed except for a sink at the wet bar. This is my first offer. I know there are a lot of fees that go into play. I just want to know if it's a fair offer.? 

Most Popular Reply

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3,286
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3,790
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
3,790
Votes |
3,286
Posts
Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

Joey Rivera Odd question, is there a reason you're selling an investor? If they regularly go for $90K-$95K (presumably "retail") why not put connect the realtor that sold those and ask if they have anyone willing to pay $80K? I'm probably missing some variable in the equation.

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