Based on the community value range and ceiling, and where $225,000 aligns with the tangible assests of the home in compared to recent sales, you can determine if this house is above or below market value.
Whether you are purchasing as a occupant owner of investor will determine the algorithm to apply to derive the price you should offer or the maximum a investor can offer to break even.
Unless there is a least three sales per month in the community, you will find entertainment websites such as Trulia and Zillow inadequate to get the information you need.
With out real data, what you must rely on are hunches, swags and luck.
The correct answer to your question, based entirely on the data available is $225,000. Remember, it all cash to the seller at the closing table. $100,000 deposit only makes the lender feel good about you, not the seller, unless you want to make it 'non-refundable' payable to seller. Now you have something to leverage!... more