Multifamily 3 over 3 for sale. won't show second floor.

8 Replies

Realty showing house, Go to see the property and they wont show second floor. Tenant's didn't make second floor available and I asked why are you wasting my time. Both relators! Well tenants aren't available to let us in. I point out I can here them moving around above us  lol. I call relator next day in the afternoon and state that there are 5 days between now and the end of the week and we don't have an answer yet on when we can get in? I haven't heard from them yet says relator. Now get this. My relator calls back and is pushing the property with out seeing second floor. she says several bids have come in That day we were there, one a cash offer. without anyone seeing the second floor and are going by the pictures. Laughable! One more point. They keep asking if we'll keep the tenents. tenets are paying 2,500 a month we are told owner is raising them to 3,000 a month. 3 bedrooms around the area are going for 3,300 a month. would you keep such difficult tenant's ?  I wouldnt. 51 days listed and as soon as we come along suddenly there are a bunch of bids with nobody seeing the upstairs. I have my theory's but would love to here yours.  By the way. Property is now on hold.

It could be a burned out shell in there for all you know. You could walk away, or play it as an advantage. Maybe since they've been so difficult to deal with you look at the 2nd floor then give them a lower offer than you planned. If they turn it down, just move on. 

I would never purchase sight unseen.  If what you say is accurate, I would contact the realtors brokerage houses, speak to the head of the brokerage firm, tell them verbatim as to what happened and see what they have to say about it.  Only a sucker would purchase a home without seeing the entire place for themselves.

Originally posted by @David Cozzi :

I would never purchase sight unseen.  If what you say is accurate, I would contact the realtors brokerage houses, speak to the head of the brokerage firm, tell them verbatim as to what happened and see what they have to say about it.  Only a sucker would purchase a home without seeing the entire place for themselves.

Originally posted by @David Cozzi :

I would never purchase sight unseen.  If what you say is accurate, I would contact the realtors brokerage houses, speak to the head of the brokerage firm, tell them verbatim as to what happened and see what they have to say about it.  Only a sucker would purchase a home without seeing the entire place for themselves.

Originally posted by @Malcomb Stapel :

It could be a burned out shell in there for all you know. You could walk away, or play it as an advantage. Maybe since they've been so difficult to deal with you look at the 2nd floor then give them a lower offer than you planned. If they turn it down, just move on.