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Updated over 9 years ago on . Most recent reply

When the "Math" makes the offer too low...
(ARV x 65%) - Repair Costs = Maximum Allowable Offer. What do you do if the math makes the MAO so ridiculously low that the previously "motivated" seller becomes not so motivated? Example: ARV $162,000 X 65% = $105,300 - 28,312 (Est Repairs) = $76,988. I believe the math is the math, but that doesn't necessarily make the seller (Individual or Bank) take your offer seriously. Note: Despite the seller's attitude toward my offer....I am very serious when I make my offer. Any comments would be much appreciated.
Most Popular Reply

Sometimes the best deals you make, are the ones you don't. Walk away.
The numbers don't lie, if you try to argue, you'll lose every time.