Posted by Barry (FL) on April 17, 2004 at 08:49:57:
To be honest with you, I get a bit greedy on properties that need little to no work. My market is very hot and I just retail these things.
Can you not close on the property? Is the house vacant? Does the seller know what you are planning on doing.
I am going to make some assumptions here:
You can’t close.
The owner doesn’t know.
The owner is still in the property.
I have an understanding with my best buyers. They know what I pay and they don’t care what I make. They pay what makes sense for them.
I dont think that 5k is unfair for you to make, I’d actually be trying for a bit more if I could. It depends on when you need to close etc.
I like Terry’s idea, shop it and get your best price.
Hope This Helps,