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He will still only use you: $600,000 x. 65 = $390,000 Why only $390,000? Again, because they like to make their revenue when purchasing realty so they don't have to fret about it when offering. Here is a calculator where you can enter what you think is your ARV & cost of repair work to see what you most likely would be used for your house: So is it an Option or a Fraud to Sell to These People? Now that you know the MAO formula they utilize to determine deals and that their objective is on making an earnings at the time they are actually buying a home, it is truly up to you to decide.

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So these expert buyers constantly place evaluation contingencies into the purchase agreement so they can change their mind about buying anytime they desire without losing a penny. Nevertheless, if  Full Article  can get you to offer at a price that is 20% or more below the MAO, they will do whatever it requires to buy your house rapidly prior to you alter your mind.

Who Typically Sells to These People? I have actually personally spoken with expert rehabbers in Bergen, Hudson, Essex & Union Counties and asked what is the motivation of a house owner who will provide up $20k to $100k equity in their house for a fast sale and the following are the most common reasons: Bitter Divorce: The couple just wishes to escape each other as quickly as possible.