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Property may or may not be a foreclosure or tax sale. And I'm not interested after finding out the "ac" is a single window unit and there's no heat/split unit. But I don't understand why, when I presented my 4 questions about this property, agent's only response was "it's an investment property" and there's a tenant.
I asked;
1. Since there is only 1 picture and it's of the front of the home, I assume there's a tenant. If there's a tenant, is there a lease? Will house be vacant upon sale?
2. Is the a/c unit a single window unit or is it a split system?
3. There are no pictures of the inside - will any be provided and/or will it be possible to see the inside
4. Is this property a foreclosure, pre-foreclosure, or tax sale?
After her response, I asked if the tenant is there through any gov't agency?
Should I have asked different questions?
I've already decided against this property but I'm pretty sure I don't want to deal with this agent again. Just because it's an investment property, why not answer my questions? If it were investment then those questions aren't relevant?
Stepdaughter is coming in a month and I really wanted to have the properties lined up for her to see.
Stepdaughter is coming in a month to look at purchasing properties?
Is she the buyer or are you the buyer? Or Both?
If you are hoping to have a tour of properties lined up I would look for a good buyer's AGENT, not properties at this point. The properties on the market now aren't likely to still be on the market in a month, in most markets. Call and talk to a few agents, in depth, about what you're looking for, how you'll finance it, and pick someone you communicate well with. The agent can begin to send you properties to consider as comps and so you can learn about the market, gearing up for a much more serious search and weeding out process in the days before she arrives.
It's too soon to try to make a list of properties now. The places you'll look at in a month probably aren't on the market yet.
Some of your questions would be answered in the disclosures.
I think the agent is telling you: there is a tenant, likely with a lease; the house is not in great condition and has been maintained only enough to continue getting rent; and that the tenant is likely to be a problem when showing or buying the property. Maybe I'm wrong.
Also- as others have said- in most parts of the country lining up properties to see one month in advance is not going to work.
You aren't interested in that property. You aren't buying any property right now. You aren't buying any property yourself.
Maybe that agent was too busy to spend time entertaining a non-buyer.
You are 100% wrong. If the right property appears now, even without our daughter seeing it, I would buy it.
As for me not buying any property myself, again, you're incorrect. I don't know where you got this idea I'm not interested or buying any property, but I repeat, you are absolutely wrong.
If the right property appears now, even without our daughter seeing it, I would buy it.
Next time an agent stonewalls you, go look at the property. You can learn a lot by just looking at the outside. And you can learn a lot more by checking county assessor and property records.
Maybe even go knock on the door and see what you can find out from the occupant.
An agent that won't answer your questions deserves to be bypassed.
There are lots better ways to bypass a bad agent than to go knock on the door of a potentially hostile tenant in a rental.
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