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Buying & Selling Real Estate

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Wilson Mui
  • Brooklyn, NY
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Making an offer

Wilson Mui
  • Brooklyn, NY
Posted Jan 19 2013, 13:48

If I understand correctly, some members advise offering a maximum of 70% of the ARV minus the repair costs for a property. This is usually a very steep discount to the asking price. Since most offers will probably get turned down, does it make sense to ask the seller if first he or she would even consider such a price cut before even looking at the property and getting it inspected?

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