This is an REO and the details are listed below. What would be the best approach to this. I have some ideas but I will appreciate any help. The property is located well, close to all ammenties but it looks rundown.
1) AP - $294,400K
2) Type- SFH
3) BDR -4, BTH - 2
4) LA - 1,874
5) LS - 7,405
6) YB - 1935
7) ZESTIMATE - 448,000K
TAX ASS.425,170K - 2007. (Are they going to eliminate this?)
This are my approaches:
1) Inspect with Building Inspector to make sure the structure is good.
2) Make an offer, say like 200k and file local county court.
3)Obtain finance and request a delay in payments for at least 3 months.
4) Make renovation 4-6 months and sell.
Okay, thats all I can think of, help! help! help!.