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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Why am I outbid everytime? Posted by 2nd Fred on May 02, 2003 at 11:09 PM Hi Ward, One of the things I've been doing is keeping track of the properties that go to sale. I check the sold price with what I've been calculating I would have bid and in almost every case the price that was paid was far more. What am I doing wrong? I assume that I should be in the same ball park. Here's what I'm doing: Get my comps and try to come up with a FMV that I would sell the house for. Subtract 20% profit for my investment. Subtract other costs such as tax payments for the next 6 months, commissions, repairs, etc. After all the calculations, this is the number I would use for my maximum bid. Does this sound about right? Thanks, Fred Follow Ups: Just a sign of an overwrought seller's market.. Ward-CA- 9:44 AM, 05/03/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : One of the things I've been doing is keeping track of the properties that go to sale. I check the sold price with what I've been calculating I would have bid and in almost every case the price that was paid was far more. What am I doing wrong? I assume that I should be in the same ball park. : Here's what I'm doing: : Get my comps and try to come up with a FMV that I would sell the house for. Subtract 20% profit for my investment. Subtract other costs such as tax payments for the next 6 months, commissions, repairs, etc. After all the calculations, this is the number I would use for my maximum bid. Does this sound about right? : Thanks, : Fred Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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