Updated over 4 years ago on . Most recent reply
Found an off market SFH in Austin TX, now what?
My friend just connected me with her neighbor who is selling her Austin SFH rental property off the market. The owner and I agreed to meet this week to check out the house. I'm new with off market buying process and this is an old house built in 1970's with septic tank system. I wonder what I should look at and what questions I should ask the owner in order to evaluate the house condition and offer/negotiate a fair off-market purchase price.
There are many similar houses sold in past months in the same neighborhood but in various conditions. Some are completely renovated, some need lots of work. I don’t know if they could be practical comps. I assume the inspection only starts after signing the contract? How can I protect myself by including some clauses in the contract? What else should I be aware of when evaluating the house and securing a contract?
As you might tell, I’m super excited and nervous about this potential opportunity. I appreciate your advice and insights! :) Thank you.
Most Popular Reply
@Qing Willow bring in a partner with more experience than you.