Called about a house today that I road scanned after being told about it being "a don't wanter hurting for cash"several times.
Rural area on highway.the owner said he was looking for $215 and that it had been empty three years I let him talk awhile
I told him "no way in hell it it was worth that ! maybe $60" He wasn't impressed and we got off the phone.
(checked around and his dad passed almost five years ago and water has been off over four years)
Less than an hour passes he calls and I let him leave a message later he calls again and I answer.
He told me the back door was open and to go look at it ,it's a 3/2 ,garage is only two car and has a 1200ft shop and two smaller sheds 20 acres
If no under the slab water line breaks it looks to be mostly clean up an acre around house and spray a couple five gallon buckets of paint.
I thinks its worth $140 min (a friend who has a lot more experience than me said he would go $160 )
so I told owner I may go to $70k
Because of the junker MH on the 4 or 5 acres next door made it worth a lot less to me
Owner is down to $130's from his crazy $215
So, just putting this out there, when you use words like "crazy"...
The value is $140,000.
Your initial number was $60,000. $140,000 - $60,000 = $80,000.
His initial number was $215,000. $215,000 - $140,000 = $75,000.
His "crazy" number was closer to the market value than you were.
If it's worth $140K and all it needs is cleaning and paint, an offer of $60-70K is way off the mark.
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