Today, I called on a For Rent Ad to inquire about a property and see if they are willing to sell. Well the owner called me back. Heres the details: The owner lives in South Florida, he has a property that he's been trying to rent out for a while. He had a few people call to rent but none was qualified to his standards. He bought the property 3yrs ago for $198K. He thinks its worth about $190k-220k (he went on Zwillow). Since he couldn't rent it out he is now deciding to sell it. I called just in the nick of time, because he was about to have a realtor try and sell the property. He told me that if I was interested after seeing the property..Make An Offer. He said that he would rather give me the chance to purchase the property then to sell it through a realtor because it would save him about $10K. He said the property is nice and in great condition. Everything is new, just may need some paint in one room. He's going to have the realtor take a look at the property and let him know what it is worth and that isn't until 11/15 (sat).
So, the owner doens't really want to deal with the realtor because he doesn't want to pay the realtor fee and he said make him an offer. Sounds like some motivated seller.
Now, I need your advice on how to approach the deal. Is it worth pursuing? How should I structure this deal? All advice and possibilities are welcomed. I have a few days to prepare my attack. I need your help. I'm going in armed and ready.
"The entrepreneur always searches for change, responds to it, and exploits it as an opportunity." — Peter F. Drucker