I just came across a fannie mae homepahty property in my neighborhood for 350 month 700 down payment and is sold as is. Its a foreclosure obviously. I called them and they gave me the lockbox code and i physically inspected the property and it needs aloth of repairs including new carpet, paint job, new cabinets in the kitchen, new kitchen floor, bathroom renovation, and possibly new roof and siding. They want 40000 but obviously its not worht that much considering the extensive repair work. My online research indicates the fmv is anywherew between 30000- 35000. I can submit an offer through the agent but what should i offer. I think this property would be good for me as a starter property. Any advice from someone on the dg site on how to move forward in acquiring this property would be most helpfrul
I just came across a fannie mae homepahty property in my neighborhood for 350 month 700 down payment and is sold as is. Its a foreclosure obviously. I called them and they gave me the lockbox code and i physically inspected the property and it needs aloth of repairs including new carpet, paint job, new cabinets in the kitchen, new kitchen floor, bathroom renovation, and possibly new roof and siding. They want 40000 but obviously its not worht that much considering the extensive repair work. My online research indicates the fmv is anywherew between 30000- 35000. I can submit an offer through the agent but what should i offer. I think this property would be good for me as a starter property. Any advice from someone on the dg site on how to move forward in acquiring this property would be most helpfrul