Good evening everyone,
I have a potential buyer interested in one of the houses that my agent provided to me. This would be my first deal. This is the information:
Land Homesite Value: $0
Land Non Homesite Value: $11,293
Improvements Homesite Value: $0
Improvements Non Homesite Value: $35,059
Market Value: $46,352
Property Tax: $1,187
Year Built: 1922
900 sq ft & lot size is 4,356 sq ft
100% owner
2011 Appraised and Assessed Value: $46,352
Comps: $39,000 - $120,995
1,092 sq ft - 1,750 sq ft
$36/sq ft - $69/sq ft
Last sold for $20,000 ($22/sq ft) on 02/25/1997)
Taxes Owed: Current $1,318.38, Prior $1,402.03, Total owed $2,720.41
It has a small apartment in the back.
Estimated Repairs: $12,500
Asking Price: $84,950
TotalView: $72,451
Value range $60,216 - 111,168
It has a small apartment in the back.
***Based on this information, I need to know about how much I can make this offer for and what do I go about in doing this with my agent. Any help or feedback will be greatly appreciated.