Re: NEED HELP FAST!!! - Posted by Ronald * Starr(in No CA)(
Posted by Ronald * Starr(in No CA)( on August 10, 2002 at 17:50:52:
You can slow down, breath deeply, and relax.
You are going off emotionally here.
Just because somebody wants to sell a property does not mean that you should be buying it. And that also applies to “motivated” or “desperate” seller. There is no indication here in your post if this is a good property to own or not.
What are similar properties renting for? What is the property worth–comparable sales? If it is worth $95K, buying it for $110K is not probably a good idea.
Even if this is the greatest deal in your town all year, so what? There will be other deals later which, even if not as good, are still acceptable. If you don’t know what you are doing, it is all right to pass on a deal. Only buy when you know you are getting a good deal, is my advice.
And it might not be the best deal all year in your town. Probably is not actually.
Learn your market place before you put you mark on a purchase contract.
Good InvestingRon Starr******