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re: Would you guys take the money and run?
Posted on 8/1/12 at 7:59 pm to Eon Blue
Posted on 8/1/12 at 7:59 pm to Eon Blue
How much you paid for it isn't really important other than to calculate your capital gains tax. What matters is whether this new offer is higher than you think is fair value. Since this is a repo I assume you've done some due diligence and have a good idea of what that fair value is.
Look at it this way - if the seller is offering you a fair market price then why bother?
Look at it this way - if the seller is offering you a fair market price then why bother?
1
Posted on 8/1/12 at 9:32 pm to foshizzle
quote:
if the seller is offering you a fair market price then why bother?
This is my 1st thought as well. If you 26% over fair market value I'd say take it but if he is just getting the normal deal it just negates your deal.
I don't suspect you would be able to get a better deal on a new house if you took the money
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