Posted by Tim Fierro (Tacoma, WA) on March 07, 2002 at 22:41:15:
You may want $115k, but has the property increased in value 33% since that 3 year old appraisal so that it is now worth $115k?
You could see if it will fly with adding wording to the contract that the seller will pay all closing costs and give the buyer $4k to replace carpets, $8k to replace the roof, and $3k for painting. Play with the numbers. Then see if your investor who wants to buy it can get the financing together for it.