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Real Estate Deal Analysis & Advice

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David T.
  • Specialist
  • Las Vegas, NV
176
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639
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Should we accept this Lease Purchase Offer?

David T.
  • Specialist
  • Las Vegas, NV
Posted Oct 23 2014, 19:28

We have a property on the market in Lawrenceville GA for over 6 months now. It's a really nicely finished home on a corner lot, but with pine trees all around. It comps at $140-$160K and we're offering it at $139k 

In summary, The offer is $3000 down, $1200 per month for three months and then close in 3 months at $135k. they want 3% toward closing costs, a $5000 damp proofing upgrade on a former flood issue in the basement and also assuming anything else fixed they might find while living there. 

Of course we also have 6% Realtor fees to cover out of that. 

I have my own ideas about this, but where better to get real world feedback and experience than from the BP community!

Thanks in advance for your input.

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