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Updated over 11 years ago on . Most recent reply

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14
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1
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Daniel Mieldazis
  • Indianapolis, IN
1
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14
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Have a guy that wants to sell - extremely motivated - next step?

Daniel Mieldazis
  • Indianapolis, IN
Posted

It's been about a week since I decided I wanted to get into real estate. I have done due diligence on every aspect of wholesaling. I actually have a guy that's very motivated to sell me his house. He sounds almost desperate.

I went to "www.findcompsnow.com" to see the value and it says it's valued at $111,225. (Is this reliable?) He is current on payments and wants $28,600. Should I check it out and get it under contract?

And if this is something to pull the trigger on, does anyone know any potential buyers in Indianapolis and a good closing company?

I appreciate any insight in advance. Thanks guys.

Daniel

Most Popular Reply

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1,325
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557
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Shawn Holsapple
  • Residential Real Estate Broker
  • Indianapolis, IN
557
Votes |
1,325
Posts
Shawn Holsapple
  • Residential Real Estate Broker
  • Indianapolis, IN
Replied

@Mike D'Arrigo

@Mike D'Arrigo is correct about the automated estimates or comps. I would suggest looking at zillow to see what other homes his neighborhood are listed at and what they've sold at [don't bother with looking at the "Zestimate"].

As far finding a buyer, you've already got that done too! I'll take anything, anywhere, any price range and any condition in the 9 counties surrounding Indy Metro [provided it is a solid deal].

In the mean time, shoot me the address and I'll run a quick CMA for you from the MLS.

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