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Joined: 2008-04-30
Points: 206
OfflineName:
Rohn & Shelley Everson
Location:
NW Iowa
DeJor Properties
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| Title | Poster | Replies | Updated |
|---|---|---|---|
| Rina's DAILY JOURNAL | Rina | 222 | 10 hours 7 min ago |
| DDreamer's Journal | ddreamer | 7 | 2 days 1 hour ago |
| Think Big! but Start Small | cbrpower | 26 | 5 days 9 hours ago |
| SOLD!!!!!!!!!Wow that was FFFFFAAAAAASSSSSSTTTTTTT!!!! | cbrpower | 44 | 6 days 13 hours ago |
| First Deal In Place-but Rent or Flip? | laurajohnson | 63 | 6 days 15 hours ago |
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IT Specialist
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iowarohn
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On 5:18am, July 4th, 2008 DeJor said:
Offers
Lilie,
Actually, only 2 out of 52 were accepted. Each offer we looked at the repair cost, comps in the area, and I used a formula in an excel worksheet to do the initial assessment based on percentages! Looks likt this:
____ Fair Market Value
____ Minus profit (minimum 6%)
____ Minus repairs (maximum 8%)
____ Minus closing costs (minimum 2.5%)
____ Minus holding charges (6%)
____ Realtor Fees (4.5% of value)
____ TOTAL DEDUCTIONS HERE
____ MAXIMUM OFFER AMOUNT
I guess I am less woried about the market than I am sticking to my numbers. They work so we stick to them.
Have a good 4th of July weekend
Regards,
Rohn & Shelley
(712) 541-2890 (cell)
DeJor Properties, LLC
Hi Dejor I read your
Hi Dejor I read your response and you mantioned that you made 52 offers if you don't mind telling me how much did you put an offer in below the market and how many got exepted. Thank you