Would you walk away from this deal

[RBrown]

I’ve got a seller who wants to sell an infill .3 acre lot. It is in the suburbs of a large city, so this isn’t rural land. The property is located in a development, there is an HOA, a golf course, clubhouse, etc. It is one of the nicest neighborhoods in the area.

I can buy the property for $90k and the seller is willing to carry back 50% for 5-years, interest only. A local agent gave me a quick BPO of 130k to 180K. There have only been a few sales in the past 12 months. All of them were within this range. I don’t want to hold the property for more than 6 months this my concern.

If you would do this deal where would you price it?

If you would pass on the deal, why?

Thanks

Topic

[Jonye Deepa]

#30426

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