Updated over 4 years ago on . Most recent reply
First walkthrough with homeowner
What was your first off-market walkthrough like?
I have my first walkthrough of an off-market house this week. It's currently vacant (has been for about 2 years) and mid-updating. 2018 photos from the last listing show subfloor and trim missing in some of the rooms and when I spoke with the current owner they mentioned they had updated countertops and removed popcorn ceilings. I'm anxious to see what else they have updated compared the old photos.
Owner mentioned they had a pipe in the kitchen freeze last winter and that they fixed it but the flooring in the dining room would need replacing because of the water damage. So water damage is something I'll definitely keep an eye out for an consider in potential offers.
It's in a great neighborhood, built in the late 80s and appears to be in good shape. I'm a little nervous but mostly excited to make real steps in REI. Lots learning and getting things set in place while I've been house hunting for my first investment.
Most Popular Reply
@Lauren White Best advice I can give you is DO NOT talk any numbers with the seller. DO ask questions and try to keep the conversation about family, life, or general house questions. As an investor and buyer the best thing you can do is find the motivation, and help solve the sellers problem. There's obviously problems with the property. It's your job to determine what they want, what it's worth, and to meet somewhere in the middle. If you're lucky they'll give the first number.
Good luck!