Updated 4 months ago on . Most recent reply
Anchoring to Negotiate a Better Deal
Houston suburbs are experiencing some phenomenal growth even into 2025. This house would make a nice little rental or a fix and flip but the seller and I were on opposites sides of the spectrum. They anchored at $200K on $235K ARV. I anchored low on an $80K purchase. House will need ALL the systems updated: Roof, Structural, AC, Electric, Plumbing (septic)... new kitchen, new baths... everything. Follow up is the game we play, until it sells!
If I decide to move up on my offer, I will do so, in a small incremental amount... so in this scenario, I'll go up another $5K reluctantly.
What are some immediate RED FLAGS for you when walking a house?
Juan-