Yes...I understand and it can be a frustrating presentation. Although its very important to educate our sellers, sometimes they have an entire different idea of where their house is valued at. It's our job to give them the honest facts as we see them. In the end, the sellers set the price. This sometimes can come into play relating to price changes should the sellers decide to try the higher numbers.... more
Ask the owners if they have their flood cert first. They may have flood certification at time of purchase. If not a flood certification has to be done by surveyor . Runs $450-$550 approx.
Flood Cert is valuable to ascertain proper height for ABFE . Make sure your flood cert has raised seal on document for validation.... more
Mike, it has been quite a while since homes' rental prices justified their purchase prices. Most investors were counting on appreciation. Take your time as I expect rental prices to climb and purchase prices to continue to decline. Let your agent know you will only consider positive or break even cash flow properties.... more