Rental Property Investor · Grand Rapids, MI · Member since 2021 · 25 posts · 9 votes
Put my offer in first ever duplex. MLS listing only had 3 days to put an offer and no showing date. Could this be potentially mean the seller wants it sold fast? Could this be more competitive or less competitive because it's only 3 days to put an offer? Or is this common? Lmk as I am new in this process. :)
Real Estate Agent · Atlanta, GA · Member since 2020 · 1k+ posts · 1k+ votes
4y
@Kerry Pangan the seller wants it sold fast and in this market they have the upper hand to do so. I would not mistake this for less competition. If priced right, the seller can expect to receive multiple offers within the three day period. Obviously, offer acceptance is dependent on multiple factors such as intended purchase price, but this is not uncommon. Best of luck!
Rental Property Investor · TN · Member since 2018 · 2k+ posts · 2k+ votes
4y
I would venture that they have problem renters who they do not want to be aware that they are selling it and who will not allow viewings without it being a big problem. Ask about the tenant, if they have tried to remove them, terms of lease, if a relative, paying at all ever, copy of last inspection report, and when the LL last inspected the units ...