Question to ask seller before making an offer

2 Replies


I am meeting with a seller tomorrow to look at two properties.

One is a small two bedroom house with a renter in it. The rent is 450 per month. The other is a duplex that is in need of extensive work. I have not seen the property yet so I do not have first hand knowledge of the condition. The seller wants 48000 with ten percent down and will carry the note for up to thirty years.

What questions should I be asking the seller. This will be my first deal and I would appreciate any help.



One question that can be pretty revealing is to ask why they are selling? They might not necessarily give the real reason but you might get interesting information. Look for body language too when you ask this question.

why are you selling?

Whats the least you could take?

when do you need to sell?

what will you do if you don't sell?

what interest do you want for the note? will you do a 30 year note?

make sure to take some time to calculate repair expenses and consider getting back to him within 24 hours so you can "calculate repair costs" and buy some time so you can fully assess the value of the transaction.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here