NOW he’s Motivated!!! (LONG) - Posted by Valerie
Posted by Valerie on June 21, 2001 at 11:24:32:
Hello All -
I went to look at a property (4/2-CUTE!) in my area last week that needs some work (carpeting/paint/sod/new driveway, etc.) In other words, it needs some “prettying up”. He had one other offer in (so he said) so his motivation level was not too high but he did seem very concerned that I was not going to be putting in an offer.
Well, this morning, he called. My husband is off work today and got the call. He said that his “two” deals fell through and he just wants to get rid of it. He said that he knows he’s gonna get killed on the money but he is just tired of showing the thing. A main point is that this guy lives about 2 1/2 hours away in the poconos and his friend is showing the place for him so I think his friend is tired of showing the place, not him. This is definately not a “move-in condition” house, it’s an investors delight. It really would need to be cleaned up first. A family looking for a home would not choose this one unless they were specifically looking for a handymans special. My major fear is getting rid of it. The location is on the Route 1 on-ramp. YES, on the ramp. As you are coming OFF the ramp, you make a left into the driveway (it’s far enough down the bottom to make the left and not hit the guardrail.) There is a junk-yard across the street, too. He tried using a realtor with no luck (she didn’t advertise or show the property a lot-low price = low commission) then he broke the contract and turned it into a FSBO.
My original post with replies can be found at:
I told him 2 weeks ago, no more than $75
Now he’s desparate
Comps in at approx. $90??? (brought down because of location)
Neighborhood directly behind property comping at $108-$120
Now what do I offer and what would be the best choice of acquiring this property. Any ideas or suggestions?? Please?? FIRST DEAL ON THE LINE!