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Updated almost 6 years ago on .

User Stats

8
Posts
0
Votes
Osama Mayassi
  • Rental Property Investor
  • Toronto, ON
0
Votes |
8
Posts

Offering on a property

Osama Mayassi
  • Rental Property Investor
  • Toronto, ON
Posted

Hello,

I’m new to the forum but I have a question regarding a listing I found.

The asking price for the listing is 1.2 million but the appraisal information that the realtor sent me states that it was appraised for 800,000 in 2019.

It is a 12 unit property.

7 units are vacant

Would I offer at 800,000 or something in between?

How would you go about the negotiation process l?