[Charles Fuery]

Charles Fuery

Hi Anne

Im a real estate investor and broker in the bay area.

I recommend that you have inspections and then have a contractor/ friend bring the seller down to reality by submitting costs for fix up. Grab some comparables in the area — houses that have been fixed up and then reverse engineer it. x minus fix up costs equals “fair market value”

Most savvy bay area investors will add value in the bay area by fixing up at wholesale prices. Be sure and submit retail pricing for the fix up. If there are foundation problems or structural issues, make this a big deal – because they are. Foundation bids may come in at $ 150,000 but can be handled for $50,0000. Savvy investors know this and capitalize on it. Also the time of year is important, this is the worst time to sell retail. If the owners want to sell now, they would be best served to take your approach and create demand.

A realtor will charge 5% minimum. Just show them that you can create this added value without the steep fees.

Im happy to chat if you have any questions about this approach. chuck 415 336 4933

Good Luck.