Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Quentin Hamilton
  • Wholesaler
  • Panama City, FL
0
Votes |
5
Posts

Over priced properties

Quentin Hamilton
  • Wholesaler
  • Panama City, FL
Posted

I got a offer under contract yesterday I put it in about a week ago at 70% of asking price which was 129900 at the time I offered 90k but after it was accepted I looked on the bay county appraiser site and the just value was only 68k it seems like almost every deal I get now I got to cancel because they were overpriced to begin with and 70% of asking price just isn't a big enough spread what should I do?

Most Popular Reply

User Stats

2,846
Posts
1,771
Votes
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
1,771
Votes |
2,846
Posts
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@Quentin Hamilton Sounds like it's time for you to make an investment in your business to get accurate values.  Some options:

  • Find an agent that will allow you to be an assistant. I don't know about Florida but some states allow agents to have assistants for a small fee. The assistant then has access to the MLS.
  • Become an agent
  • Find a company (like REI black book) that has access to the Core Logic sales database. Pay the fee & run your own comparables
  • Crystal Smith
  • 3126817487
  • Loading replies...