All Forum Posts by: Ruben Vega

I greatly appreciate all the replies. I didn't expect this much feedback but I'm glad I did get it. I will definitely take everything into consideration and read everything coming my way. I will get better at this. Thanks again for the help. 

Thanks for the replies. Cason Acor, I found out afterwards it was a contract stating that she represents me as a buyer until December, so whatever I decide im buying until then has to go through her. I asked about it the next time we met. I should have read it better before signing or I wish she would have said that it was in there when she sent me all the other stuff. But again, I only see myself buying 1 property between now and then. Thanks again for the feedback. I will learn as I go. 

While out riding around the neighborhood I wanted to invest in I ran into an open house and met with the agent. The house was overpriced (she even said it that day) I decided to try and network, she was nice enough to give me her time a couple days later in which we sat for about 2 hours talking about my plans in real estate and how she could help. A few days later she showed me some properties that i asked to see and then she told me about a listing that she had. We went to see it, a 2/1 house that was "turn-key". It was listed for $39,900 but her listing paperwork from BH said it was valued at $28,000 and Zillows Zestimate was $40k. I offered $20k and we ended up at $25k. I was excited, ready to have my first real investment property. I am new to this so i messed everything up, I somewhat read and signed the documents (in which she included a contract between her and I that i didn't notice until afterwards, i thought it was for this unit) and deposited the earnest money before i was supposed to. the sale was contingent on a satisfactory inspection. After i had deposited the money she sent me the disclosures that she "had just received from the seller", leak in the roof, leak in the basement and "other areas". I was bummed about this because she had not mentioned any of this beforehand. I was able to pull the offer before the inspection because the seller had not signed the agreed upon offer. After further thought and talking to the seller I was told that the leak in the roof is a small one that can be fixed and the one in the basement is because of the door, not the walls. i figure I'd give it another shot because rents in this area are between $650-900 for a 2/1, 960 sqft. and if the inspection shows that this is correct it could probably be fixed for a reasonable amount. I re-submitted my offer but she said she was not going to submit it until the next day or so because she is supposed to be getting another offer in that night. In the meantime i requested a showing of another house that was already occupied and was about the same price but listed with someone else. Overall i just feel like she is in control instead of myself or the seller. She "snuck" in that contract with the documentation of the offer, she held on to my offer and the lingo in the new offer says i have like a week or so to get the inspection done which is difficult because the ones i spoke are busy, even the ones she sent me. Am i being paranoid or should i just move on? i like the potential of the property but not the feeling i get from the agent.