Another missed opportunity? - Posted by CurtNY
Posted by CurtNY on May 09, 2000 at 11:48:39:
If you read my post last week, I only ended up making one offer rather than two. I just couldn’t seem to come up with an owner financing scenario that would work for both of us so back to what I know - ALL CASH. Offered $36,214 all cash as-is. Called him a two days later (just a reminder- asking price was $80,000, comps $115,000, repairs approx. $45,000) he told me he got an offer at his asking price with a little owner financing. This guy knew his house needed a lot of repair so he wasn’t suprised by my offer. He did mention he didn’t feel confident his buyer would be able to close so I told him to give me a call if things don’t work out. What do you think, was there a deal at his asking price with owner financing? Let me know.