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Quentin Hamilton
  • Wholesaler
  • Panama City, FL
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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?

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Crystal Smith
  • Real Estate Broker
  • Chicago, IL
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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
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