Real Estate Investor · Lake Jackson, TX · Member since 2016 · 149 posts · 49 votes
Hi BP,
I'm in the process of trying to get property under contract. Problem is seller is stressing he needs to sale and he needs the money ASAP, but can never meet or even speak on the phone. We've communicated via text, but I feel like I could get a better feel from him during a face to face. I have looked at the property, but unable to go inside due to tenants.
Any suggestion on how I can overcome this. Is a face to face necessary? I want the most info possible in order to correctly estimate repair cost and so on.
Did you find the seller on Craigslist? If so you may want to make sure it is a real person here in the U.S and actually the owner of the property. I know around here there is a scam going on where they are trying to rent them out, can't meet on site, just send us a Western Union gram and we will send keys blah blah. Of course no one can ever meet or go into the property. I would be suspect. I know people can be busy but if it is a legitimate seller that needs to sell ASAP will find 5 minutes to talk on the phone. Also I would look up that phone number and see if there is any record of it.
Raleigh, NC · Member since 2011 · 721 posts · 343 votes
10y
This can be done via text/email etc. Can the tenants get pictures for you? Do the tenants know that it's being sold? There are buyers that will still buy without seeing the inside. Of course, that will be reflected in the price. This isn't the ideal way to get a deal done. But it's possible.
Did you find the seller on Craigslist? If so you may want to make sure it is a real person here in the U.S and actually the owner of the property. I know around here there is a scam going on where they are trying to rent them out, can't meet on site, just send us a Western Union gram and we will send keys blah blah. Of course no one can ever meet or go into the property. I would be suspect. I know people can be busy but if it is a legitimate seller that needs to sell ASAP will find 5 minutes to talk on the phone. Also I would look up that phone number and see if there is any record of it.
Real Estate Investor · Lake Jackson, TX · Member since 2016 · 149 posts · 49 votes
10y
*Update* Saw a we buy houses sign so I reached out. Introduced myself and offered my services to place/remove bandit signs in an effort to gain some hands on experience. After talking to the investor he gave me details on the last house he got under contract: It's the same property!!! So I was a day late and a dollar short.
Investor declined my offer, but did offer a mentorship for the low low price of 5K. ( I declined)
I reached out the property owner and congratulated him on getting his property under contact. He was very curious how I knew. I simply said I try to stay up to date with everyone buying homes in our area, and please keep me in mind if he knows anyone that is needing or wanting to sell