Seeking Advice on a Current Deal
Greetings to the BP tribe!
Hope everyone is having an excellent summer thus far and crushing some awesome RE deals!
I wanted to see if anyone would mind lending some insight into a prospective deal I am currently dealing with right now. The main questions I have is, at what price would this deal become attractive for a serious cash end buyer.
The overview is as follows:
- Great house, 3/2, 1800 sq ft. good bones, in an excellent neighborhood that is hot right now
- Only setbacks are: kitchen counter tops could be replaced with stone, new paint in some rooms, the furnace is 10 yrs old, and the washer room and a study are both completely unfinished.
- The owner is seeking $479K, comps in the area range from $450-$500K.
Is there any investor who would mind lending their knowledge on at what price I would need to lock this in under contract to make it attractive for a serious cash investor?
Just thought I would toss this out and hope for some help!
Thank you all in advance and have a great day!
Blessings & Success,
Matthew Crawford