Need Advice On My First Potential Deal

I made an offer on a home and the seller made a counter offer. Here are the details.

Single family 2 bedrooms, 1 bath, full finished basement and 2-car garage.

APR Value: $125,000
I received two repair estimates.
One for $5,500 and another fore $7,500
List Price: $90,000

My goal is to use this property as a rental. I will get a loan for the purchase amount and fund the repairs myself. I offered $70,000 and the seller countered with $80,000.

I'm considering having my Realtor present two offers:

$77,500
$80,000 and the seller pay closing cost.

Does it make sense for me to have the Realtor present these offers?

Comments(1)

  • downpayit17th February, 2004

    Say ok on the 80 and get them to comp the closing costs. This would allow them to essentially have thier counter offer taken with a minor additon, it just sounds better then tring to get 77500 - more subtle.

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