Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

30
Posts
2
Votes
Madhu Kumar
  • Rental Property Investor
  • Philadelphia, PA
2
Votes |
30
Posts

Buying Sheriff sale property

Madhu Kumar
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi,

I buy fixer uppers, rehab and rent them out for rent. This property is listed for sale for about a year and the price was reduced from 65k to 30k now. When i talked to the listing agent, i was told that it was the property they put an agreement from sheriff sale and are looking for Cash buyers. Property is not bad, need some minor work. My plan of action is to put an offer on contingent with clean title from Title insurance. 

https://www.zillow.com/homedetails/19-Main-St-Broo...

My questions are

1. Is it normal that the sheriff sale properties sit that long in market waiting for Cash buyers? 

2. Are there any other precautions I need to take care of?

And, thanks for answering. 

Loading replies...