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Real Estate Deal Analysis & Advice

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Dan MacDuffie
  • Investor
  • St. Petersburg, FL
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28
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Short Sale-Offer Price

Dan MacDuffie
  • Investor
  • St. Petersburg, FL
Posted Jul 24 2013, 15:29

I am interested in making an offer to purchase a house via short sale. The house is in pre-foreclosure. I am trying to figure out my offer price. The house foreclosure est. is 52000 and the zestimate on Zillow.com is 87000. My realtor suggested an offer of 50000. I think the house needs 20000 worth of work. How do I decide on an offer price and do I need more information. This is my first real estate investment- my goal is to fix and flip. Thanks for time- Hadlock

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