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Updated almost 3 years ago on . Most recent reply

User Stats

28
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47
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Tenetrice Johnson
  • New to Real Estate
  • Dallas, Tx
47
Votes |
28
Posts

1st phone call with agent

Tenetrice Johnson
  • New to Real Estate
  • Dallas, Tx
Posted

Hello all. I just made my first call with an agent on a distressed home and....It. Felt. Good. The agent was nice, I tried my best not to sound "new" or "nervous" but I built a little rapport and put in my offer. WHEW! I asked her what percentage of the ARV are people buying at and she didn't know. How would I find that out? I used .75% to calculate my offer to her but I know some markets fluctuate. Thank you for reading.

Most Popular Reply

User Stats

177
Posts
285
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Matthew McKee
  • Real Estate Coach
  • Boise, ID
285
Votes |
177
Posts
Matthew McKee
  • Real Estate Coach
  • Boise, ID
Replied
Quote from @Caleb Brown:

I would go off of the numbers. Everyone is different. Most people will buy in the 70-80% ARV range. Also look at the return on investment in $$ and how long the project will take.

Solid advice, planning your buy box then finding the deal that fits is always a smart move to keep emotions out of the thrill of the hunt.


congratulations @Tenetrice Johnson!!! What a monumental day! It only gets easier from here, keep on plugging away! 

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