Found a property down the street from me that I am interested in assigning, but I am unsure how to figure a fair offer. It was inherited by the current owner, and (unfortunatly) has been almost fully upgraded at this point with the exception of a new fireplace sleeve and front porch. Tax assessment is 98,000, five acres (mostly wooded) and has been sitting empty while being remodeled - at least 3 years. Owner is asking 145,000. There was a double wide with approx same sq ft sold this year across the street for 190,000. and there are new constructions in the area that have sold for 135,000. I have a possible investor, but how do I figure what to offer???
Posted on: Sun, 11/01/2009 - 02:51