Need Advice On My First Potential Deal
I made an offer on a home and the seller made a counter offer. Here are the details.
Single family 2 bedrooms, 1 bath, full finished basement and 2-car garage.
APR Value: $125,000
I received two repair estimates.
One for $5,500 and another fore $7,500
List Price: $90,000
My goal is to use this property as a rental. I will get a loan for the purchase amount and fund the repairs myself. I offered $70,000 and the seller countered with $80,000.
I'm considering having my Realtor present two offers:
$77,500
$80,000 and the seller pay closing cost.
Does it make sense for me to have the Realtor present these offers?
Say ok on the 80 and get them to comp the closing costs. This would allow them to essentially have thier counter offer taken with a minor additon, it just sounds better then tring to get 77500 - more subtle.