I smell a deal!
Question!
I just evaluated my first property. The sellers are a couple trying to relocate
3bd 1ba
Owned free and clear
Basement
1 car garage
Asking 45k
58k tax value
Appraisal 64k (a year and a half ago when they moved in)
Before updates were made
Updates include
New roof
New siding
New windows
New drains
New gutters
Possible rent in the area
$750-$850/mo
Property needs work on the kitchen floor. (Tile) (linoleum)
They are not open to any creative financing options they are seeking 45k cash because they the $ to buy the new place.
Me myself I was thinking it might have been a great
RTO opportunity but that was shot down as they need all the money for their new home. Maybe they just aren't motivated enough yet. I told them I'd give them a call back later this week.
These are just my thoughts on it but leave a comment with your suggestions please I could use some help.
Thanks!