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Updated over 4 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Christina Williams
  • Real Estate Agent
  • Columbia, SC
2
Votes |
8
Posts

Offering a price on a wholesale property

Christina Williams
  • Real Estate Agent
  • Columbia, SC
Posted

Hello BP!

I have a property value is $226,477. The owner is old and her daughter is basically taking care of her. The daughter wants to sell the property.

Because I am a wholesaler I would only offer her about $100,000 max after my cut and repair and such.

I really feel that this is a very low ball tho.

$226,477 x 70% = $158,534

The home is in great shape but no repairs on the home in over 15 years that the daughter was aware of.

Would $100,000 be a good offer?

Most Popular Reply

User Stats

8
Posts
2
Votes
Christina Williams
  • Real Estate Agent
  • Columbia, SC
2
Votes |
8
Posts
Christina Williams
  • Real Estate Agent
  • Columbia, SC
Replied

@Caleb Brown, I don't like to use zestimate or Zillow. I have an agent that provides comps and I also use Propstream and they give you just about what you need.

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