how do I calculate a fair offer to the home owner and still stand to make a profit. your help is much appreciated
The most common formula is: Fair Market Value (FMV) after rehab, minus repair costs times .7 = Price to offer. [addsig]
Otherwise the lowest anyone will usually take is 82% of the BPO. Most wont take that anymore, the margins are getting tough it seems like.
Assuming you are doing a short sale...
thank you all for your quick help. it is greatly appreciated
The most common formula is:
Fair Market Value (FMV) after rehab, minus repair costs times .7 = Price to offer.
[addsig]
Otherwise the lowest anyone will usually take is 82% of the BPO. Most wont take that anymore, the margins are getting tough it seems like.
Assuming you are doing a short sale...
thank you all for your quick help. it is greatly appreciated