[Calc Review] Help me analyze this deal in Yukon, OK
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The owner of this house recently passed away and there are 3 children remaining who will decide on which offer they will accept to sell the house.
I asked them about listing it with an agent and decided not to because it was suggested they do some updating of the house, which they don't want to do.
They said the house was appraised for $150K and they are asking $167K. To see more photos of the house, please visit this Google Photos album -https://photos.app.goo.gl/fDUKkzkq3riyMuEj6
What other options would you consider in making an offer to the seller? Thanks in advance for your feedback.
Most Popular Reply
@Kurt Michaelson I don't think your numbers work. You only have a 3% agent commision and $1500 closing cost. When I run selling costs I use 9% of the selling price. Your holding cost are low unless all cash purchase. On a mortgage for only $121000 your mortgage payment is $650 a month for 5 months. What if you don't sell for another 2 months. How accurate is your rehab budget. Not enough meat on the bone,