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Updated about 1 year ago on . Most recent reply

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K Boyd
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Interested in a house listed for 230 days

K Boyd
Posted

I'm a first-time homebuyer interested in buying a house that's in a different state per the pictures online from the outside to the inside appears it to be in great condition ( great priceas well), however it's been on the market for 230 days. 

I have family that's willing to speak to the neighbors regarding the house. What questions should we be asking?

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Ko Kashiwagi
  • Lender
  • Los Angeles, CA
426
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904
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Ko Kashiwagi
  • Lender
  • Los Angeles, CA
Replied

Hi K,

It would be a good idea to first research more on the property - whether the property had fell out of contract, what the pricing history has been, what the neighborhood looks like, whether it is overpriced, etc. If a house has been on market for 230 days, there is typically a reason for it. Asking about any problems or things that needs to be fixed is very important.

You can also get an inspection before getting under contract, or put an inspection contingency to cover yourself.

  • Ko Kashiwagi
  • 310-848-9776
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