Prof. Margin
I am working on a short sale, and with the 83% rule on my offer my profit could be as low as $5k That is a conservative figure that considers these facts: we may list in the mls, we could have 3% seller paid buyers CC when i sell and other cost factors i used in my "worst case" estimate.
This is not a question of greed, but of practical risk assessment. What is a typical margin when closing a short sale? I would assume there are less variables that can factor in unforeseen expenses on a SS than say a full rehab. is that true? (assuming i did my diligence, title search etc)Is 5k a typical profit on a $100k house?
Thanks,
dgu
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