All Forum Posts by: Joe Gemma
Joe Gemma has started 13 posts and replied 37 times.
Post: Broker/Agent near York County PA
- Investor
- Rosedale, MD
- Posts 38
- Votes 2
Can anyone refer a good investor savvy broker/agent in the West York County and surrounding areas? Looking to buy a 2 or 3 unit investment property with a max budget of $115,000.
Thank you
Joe
Post: Red flag!?
- Investor
- Rosedale, MD
- Posts 38
- Votes 2
thank you guys for the advice.
@Mindy Jensen I am working with an agent and am definitely considering another counter. You're definitely right about asking. Can't hurt.
@Roy N. Would you say it is common for a buyer to run an inspection prior to an offer?
Post: Red flag!?
- Investor
- Rosedale, MD
- Posts 38
- Votes 2
Originally posted by @Randy E.:
Ask the seller if you can do an inspection prior to putting in an offer. Maybe they just don't want to be given the runaround by experienced buyers who put a property under contract at a satisfactory price, then try to nickel and dime the seller down to a low price after inspection.
There's a house locally that has been under contract twice in the last month and gone back up for sale. Now, the seller has a note saying inspections must be done prior to putting in an offer. Maybe your seller is thinking the same way?
BTW, was the counteroffer a price you feel comfortable with? If so, don't abandon the opportunity yet, until you know for sure.
Thanks for your insight Randy. The realtor did in fact say that we could run an inspection prior to making an offer. I personally just don't like the idea of shelling out $XXX on an inspection without a pending contract accepted.
Post: Red flag!?
- Investor
- Rosedale, MD
- Posts 38
- Votes 2
in a dilemma and in need of some BP community feedback.
I'm searching for my first investment property and found a duplex that I'm very very interested in listed the low 100k's. I put in an offer 20k below listing to feel out the sellers motivation with contingencies based on an inspection. I received a counter offer today as expected but there was a big caveat.
In the counter, the buyer demands use of MAR As-Is Addendum option (A). This in essence states that if accepted, the property is sold as is and that an inspection cannot be a condition of the sale.
This was a huge red flag to me because this isn't a rehab in a war zone that you might expect to see an addendum as such. To me, it feels like the seller has something to hide but I have very little (basically none) experience in real estate so I'm relying on intuition. At the same time, I don't want to pass up on what may be a great investment. BP, what are your thoughts?
Joe
Post: Fuse Electrical Panel
- Investor
- Rosedale, MD
- Posts 38
- Votes 2
Thank you for your input Josh. This is pretty much what I was thinking.
Post: Fuse Electrical Panel
- Investor
- Rosedale, MD
- Posts 38
- Votes 2
Hi everyone,
Currently looking at a 2 unit property in PA and one of the units has a fuse electrical panel. I have very little electrical knowledge but my gut instinct is that this may be a problem. Anyone have any insight/experience on fuse paneling?
Thanks
Joe
Post: Take Action: My First Property
- Investor
- Rosedale, MD
- Posts 38
- Votes 2
Congrats @Billy Maloney
Did you ever visit the property in person before or during the buying process, or did you handle everything from CA?