OfflineHello & Good Morning!
I found a small condo an hour away from me. The property is a probate sale and the owner sounds like he's trying to get rid of it ASAP. He wants 50% off FMV! The property really just needs general cleaning, which I plan to do after having interest in the condo.
Here are the numbers:
Real Quest 74k
Zillow 108k
Assessed Value (2008) 62,585
Asking Price 37500
Assigned price 44k (60% of Real quest FMV)
I want to offer him 30k and lock it up through an ASSIGNMENT, or can it be done another way (purchase agreement??)
My question would be how do I go about submitting my offer and make it appealing to the seller?? I don’t think I'll have a problem assigning it, even though I'm not familiar with the market it in.
This could potenially be my first deal, which I want so bad!
Thanks in advance my DG family!!
What the mind can conceive and believe, it can achieve...
Lenny
LFLProperties@****
321-506-1303
It would be appealing to the seller if you are buying the property.... That's all that matters. If he is a motivated seller, then it should be appealing that you are buying the property and taking the burden off him.
"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote
Are we both talking about assignments here or a purchase agreement contingent upon finding financing? I have no cash or deposit to invest in this deal.
I'm planning on locking it up, general cleaning, taking pics and calling everybody on my buyers list, as well as advertise in local newspaper.
Thanks for you response!
Lenny
What the mind can conceive and believe, it can achieve...
Lenny
LFLProperties@****
321-506-1303
I'm planning on locking it up, general cleaning, taking pics and calling everybody on my buyers list, as well as advertise in local newspaper.
Thanks for you response!
Lenny
Thats a good point