What Is A Good % Ss Offer?
I have a chance to buy a 4 bedroom/2 full baths with min. clean up and a $1900 HVAC repair job. The home is adjacent on 4 cleared acres of land. One acres has already been approved for another unit. The tax appraisial is $70,000 and the land $20,000 a total of $90,000. The asking price is $105,000. She owes $94,000. The lender will accept a short sale. How much should I offer?
Hello,
I want to thank you for your response. The double wide sits on 4 acres of land. The comps in the area only represent a one half acre. The units sold for $80,000. The lender will work with less a short sale. I just do not know where to start with my first offer. The land has a tax value of $20,000, the unit has tax value of $70,000. I have some repair and clean up cost involved. I would like to offer $35,000. I just do not want to under estimate the lender. Help!