Forums **Ask A Question** Would you walk away from this deal

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  • #30418
    Post count: 2

    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?


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  • Jonye Deepa
    Post count: 3

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