Section 8 Potential Deal (Cont'd)
Here are my brokers comments regarding this deal:
I decided to send the previous listing to you. This has all of the information that you may need for this property. Again, I have already spoken with the bank and what I got from them is that they may consider an offer of about $75,000, (Current value $94,000). This means that you should offer them $65,000 so that you get what you want for a purchase price. Should we work or way back up to $75,000 we can attach a "Best and Final".
This property is not yet relisted but will have to be listed by Monday evening. I understand that your meeting will not be until Tuesday evening. I will do the best that I can to work with you on this if you are interested.
Again, I do not like the area, but, this home is currently rented with a FEMA or Sec 8 voucher of $1,100 per month. Take a look and call me when you can, as soon as you can.