Looking for advice on my first off market deal
Hello BP community, I’m looking for some tips and advice. I have been interested in using a strategy to purchase a new home and rent out my current home to get started in acquiring SFRs. Today, I stumbled upon a potential off market deal. I found a home that the owner is now incapable of maintaining, and has been moved to assisted living. The home has not been put on the market yet, and won’t be for a week or so. The home is rumored to be listed at around 10k-30k less than the current comparable homes in the area, and all it needs is cosmetic modernization. It is a very desired area, with a rapidly growing commercial presence and rapid appreciation. The advice I am seeking is how to move forward. I don’t have a dedicated RE agent, and haven’t spoken to the listing agent yet. I want to be fair in the offer. I don’t mind offering asking price in order to secure the property, and because it is already including equity in that price. I want to increase my chances of success as much as I can without insulting anyone with a low ball. Do you guys have any advice as to what my next steps should be, and what you would do for the offer? Anything would help. Thank you!