determining value
I saw a property yesterday listed for 139k in WA and to me a newbie in the arena it was lovely my concern is that in one of the rooms there was brown stains at the bottom of the wall it looked like water had collected sometime ago
what do you think that could be and how much of a reduction should be requested because of it and the house needs to be re carpeted can this be a deduction in the price comps show that an average house this size costs 133k and the condition is marginal what is the best approach to make sure the deal is worthy of the price
Quote:...what is the best approach to make sure the deal is worthy of the price
What do you plan to do with this property? Your exit strategy affects your maximum allowable offer.
If you are going to fix it up an resell it for a profit, then your offer price will leave plenty of room for your resale profit and repair costs.
If you are planning to hold the property as a rental, then your offer price will be dictated by your cash flow targets.