Duplex In Massachusetts Property Analysis

3 Replies

@John Joyce I looked at the MLS listing. It's REO and needs work. I didn't see anything too severe, at least online - but you need to get a home inspector in there.

Here are two red flags that you should clear before proceeding:

In MLS disclosures: "Buyer and Realtor for buyer must sign the attached "Release and Hold Harmless" Agreement
and email it to the listing agent to be given the Lockbox Code."  That agreement says that there's mold, fungus, etc.

Offers must be submitted through xome.com and are subject to a 5% buyer's premium, so add $17,500 to your purchase price.

Mansfield is a nice town.  If you can deal with these items, it's probably a good deal.