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Updated almost 12 years ago on . Most recent reply

User Stats

13
Posts
3
Votes
Alton Phouvong
  • Real Estate Agent
  • Massachusetts
3
Votes |
13
Posts

How to analyze a speculative build deal?

Alton Phouvong
  • Real Estate Agent
  • Massachusetts
Posted

Hi everybody! I'm currently looking at a deal that is most likely a tear down. Asking price is $175k. The land is assessed by the city at $185k. The house is valued at $75k. The subject property has an ARV of $350k. Very fast comps. And the median price is $350k. Is there anybody here that can help me out figuring out if this is a deal worth pursuing? Thank you ladies and gentlemen in advance!

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eXp Realty
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