My 1st house on Contract a question!

[Aaron Cheatham]

Hello,

Firstly Id like to say i love this forum it might of been the best thing I've ever ran into online.

Here is my situation!

I recently found a duplex that is for sale by owner. I went to see the duplex and took pictures of it. I then posted a few classified ads marketing it for sale at 35k.

I got a nice response of people interested in seeing the duplex. I didnt revel any address information. Just basically harvested everyone who contacted me about the duplex into my awebber account.

I then gave a offer of the duplex for 18k and it was declined by the owner. The owner's counter offer was 23k and I pay closing cost ( he has the duplex for sale at 25k)

I just followed up with a offer for 20k and we split closing costs 50/50. I think he will accept this offer.

to get to the point, I want to make sure I am getting the best number possible for this duplex and also want to make sure I can get at least 30k for this duplex. I signed up for real quest and pulled some info. Here are the stats.

Estimated Value : $59,000
Forecast Std Deviation : 22
4 beds / 2 baths / 2,362 sqft
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Property Characteristics
* Living Area :2,362
* Beds :4
* Baths :2
* Total Rooms :10
* Year Built :1900
* Lot Size :3,300
* Property Type :PUD
* CoreScore :—
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Tax Information
* Assessed Value :$36,000
* Assessed Year :2010
* Annual Tax :$1,075
* Land Value :10700
* Improvement :70%
* Improvement Value :$25,300
* Tax Value :$36,000
* Tax Year :2010

The property has a detached garage that needs some paint. The fuse box needs updated , also there is a small crack in the main sewage pipe in the basement.The duplex could use some new carpet but isn't necessary.

There are no tenants in this duplex. It is a great size.

Do you think double closing a contract would be the best scenario in this case?

All help and comments are greatly appreciated.

thank you
Aaron