potential deal

[Eric Deshaun]

In doing some searching online I ran across a property that was listed on the market, went through inspection, and then was re-listed on the market. My immediate assumption was that if it went through inspection and the sale didn't go through, the house must have some issues. My hunch was right as confirmed by the agent whose listing I found. 

I asked the agent a few probing questions and I was given the list of issues found with the property and advised the offer would need to be in cash.

I tried to probe a little about the owner just to see how motivated they were to sell, but of course the agent couldn't really give me any information. 

I feel this is a situation is more in line with someone who is a veteran in creative financing ideas since the deal would have to be a cash offer. I would love to see if seller financing is a possibility but that can get kind of tricky with agent involvement. 

Any takers in mentoring me on this situation, if it doesn't work out for me perhaps it can work out for you. 

Property details:

Located in Central Tacoma, WA

Single Family home 

3 Bed, 1 bath - 1200 sqft

[Michele Fischer]

When there are tenants in place, we often make an offer sight unseen and decide at the inspection if we want to move forward or not.  We have walked away from properties for pit bulls, squatters, odd floor plan, old electrical, fire damage, tenant DIY projects gone wrong, and unpermitted/crappy add on.  Not all of these issues were related to the house, but all were issues that reduced the value and are an opportunity with someone with the expertise or energy to tackle them.