Hello & Good Morning!
I found a small condo an hour away from me. The property is a probate sale and the owner sounds like he's trying to get rid of it ASAP. He wants 50% off FMV! The property really just needs general cleaning, which I plan to do after having interest in the condo.
Here are the numbers:
Real Quest 74k
Assessed Value (2008) 62,585
Asking Price 37500
Assigned price 44k (60% of Real quest FMV)
I want to offer him 30k and lock it up through an ASSIGNMENT, or can it be done another way (purchase agreement??)
My question would be how do I go about submitting my offer and make it appealing to the seller?? I don’t think I'll have a problem assigning it, even though I'm not familiar with the market it in.
This could potenially be my first deal, which I want so bad!
Thanks in advance my DG family!!
What the mind can conceive and believe, it can achieve...