Updated 12 months ago on . Most recent reply
Need Some Encouragement and Help
There's a single family property on MLS where I live that has been listed for sale for over 140 days. The average sale for that area takes 3 months. It is listed for $350k and it seems like the owner doesn't have a mortgage on it. It requires some work (though I don't have much experience yet, I would very roughly estimate the costs around $50k). It doesn't have a parking spot. I think I could rent it for $2,000. I estimate the ARV conservatively around $500k. Since the house is listed on MLS, the seller has an agent, while I do not. I keep checking it out, but I haven't been able to take the first step yet out of fear of not knowing where to start and rejection. Any recommendations for a rookie such as myself?
Most Popular Reply
Are you ready to make and offer and buy? Cash ready to go or financing is already approved? If so, Ask your circle for any referrals for an agent to help you and guide you. Let that agent know you are serious by showing your proof of funds/financing. Have coffee with that agent and let them know what you want to do. A solid agent will take the time to meet with you and give you feedback (honest feedback) and help you move forward. Maybe reach out to a few agents and hear their opinions to see how they are aligned.