All Forum Posts by: Nicholas Lan
Nicholas Lan has started 1 posts and replied 3 times.
Post: Is this a low ball offer or is it fair?
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The weather has not been too bad here this winter (so far). Thank you for the support you have given me more questions to ask the owners.
Post: Is this a low ball offer or is it fair?
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Currently both properties are vacant, it was stated that each unit rented for $600 a month. They are higher than the comps, also both have been on the market for 40+ days more than the comps DOM.
Post: Is this a low ball offer or is it fair?
- Posts 3
- Votes 0
I am looking at two homes in the Grand Rapids area. They are both in the not so great NW side. One has been on the market for 90 days and the other has be on for 120 days. Both are duplex/multi family homes.
The home that has been on for 90 days they are asking 110,000. This is above the comps in the area and it needs to be competed renovated.
The second home has been on for 120 days and they are asking 99,000. Also needs to be completely renovated.
I believe both are asking way more than they are worth simply because of the market that Grand Rapids has even though these wouldn’t be in the “hot” area. I want to offer around 20% less than what they are asking and wanted to know if that is too low.
Thank you,
-Nicholas