How to come up with the offer. We buy houses

How we come up with the offer when we buy houses in Colorado.

  Hey Folks,
This is Murry with Usedpropertytrust again.
  Say I was talking with a brother and sister who inherited a house from their folks.
You know the first question I get asked every time?
How do I come up with the offer?

Well I do it the same way every time.
I run the comps on the house in the immediate neighborhood in good clean presentable condition. And that’s the number I start with.

I back out the fixes and the improvements I’m going to do to the house.
If I decide to sell it on the retail market I back out the Realtor fees and closing costs.
And add in my profit.

That’s how to come up with the offer.

And that’s pretty much the number I give to the seller.

Once and a while I get an objection to how much work the house needs.
And once and a while I get an objection to how much profit I want.

It’s usually not a big deal. It doesn’t work for everybody.

Hopefully it works for the sellers and works for me.
And that’s the win-win.
And that’s how it should be.

Happy Trails

When you have a house that you need to sell because you’re behind on payments, going through a divorce, inherited the house or don’t want to rent it out any more.

We buy used houses throughout Colorado.

Call us 303-518-3489

Visit us at www.usedhousebuyer.com Thanks

 

 

 

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