I can't remember the exact amounts but in my downloaded list a property had a Market Price of like $5K and an Offer Price of $1250.
I was about to send out an offer at this Offer Price but I decided to run a Comp Report.
Well, the Comp Report gave a Market Price of like $22K and an Offer Price of like $5.5K.
So, now I don't know what Offer to make.
If I make an offer of $1250 and the property is really worth $22K, I might insult the Seller because it would be 6% of Market Value.
But if I offer $5.5K and the property is only worth $5K, I lose $500 plus the cost of selling it.
That's why I'm wondering what to do. I'm guessing that the Comp Report should be more accurate but how much more accurate?
Thanks!