Submitting an offer on an MLS Property
Hey Yall,
I'm brand new in the Real Estate game. I'm ready to step out of my comfort zone and make some bids on some properties. Think I have a handle on if the property is not listed but I found a property that is listed with an agent for $190k Comps are $190-$240k range. The owner lives in California and property is in NC but the description says to make an offer. The property was purchased for $27k in 1972. I'm assuming to wholesale this property I'm going to need to be around $115k then list for $125-$140k. So a couple questions:
1. Do I just tell the listing agent my offer is $115k (cross my fingers) and to send me a contract?
2. There's really nothing to prevent the realtor to come back over top of my offer and take the property for themselves if the seller agreed to such a reduction correct?
3. When/If I get the contract from the seller do I take it to my attorney and have them adjust the language to allow me to Assign or Double close? Make sure I have a 30 Day inspection period.
Thanks so much in advanced.
Steve