Investor · Tampa, FL · Member since 2019 · 1k+ posts · 1k+ votes
2y
It depends on the condition, but if it passes a 4-point inspection, I would definitely go for a novation first because they need help with bills, so you could probably support them with that while getting a retail buyer. I would just make sure the $254k is conservative and below any other active property in the area.
Even if it doesn't pass a 4-point inspection, you could still make it work depending on what needs to be replaced.
It depends on the condition, but if it passes a 4-point inspection, I would definitely go for a novation first because they need help with bills, so you could probably support them with that while getting a retail buyer. I would just make sure the $254k is conservative and below any other active property in the area.
Even if it doesn't pass a 4-point inspection, you could still make it work depending on what needs to be replaced.
Yeah I'd really like to help them out, it's a really nice property. Doesn't need any work at all and is definitely not the highest priced home within 1 mile radius... I know for certain that it would sell at 254k...