Updated over 9 years ago on . Most recent reply
Buying off Market Properties
Hey I'm still very new to investing. If I'm buying a off market property what do I need from the buyer to officially make the property mine? I don't want pay cash for a property and find out later that I didn't official close the deal. Also what are some other things I should do to protect myself? For instance how do I check to make sure there is no lien on the property, or back taxes? Also do you normally still go through a inspector? Thanks in advance.
Most Popular Reply
@Leon Chappell if you are new to this I may consult and hire a Realtor to help you and the off-market property owner through the process. Buying off-market is no different than any on market property. Agree on terms via purchase agreement, inspection, appraisal (if getting loan) close through title etc. Process is usually always the same. You don't want to make any big mistakes and the cost of a Realtor or other professional could be worth it.