I Need Some Advice On A Property Of My Interest
I have a realtor who has a property I want for 189.000 .How can I get this property with no money down if possible or some one elses money to do this deal? can you advice? The Realtor will not give owners information .thanks[ Edited by JannahBin2 on Date 11/08/2004 ]
Tell us more about the property. Is this something you are going to live in ? Rehab and sell?
First step would be to get it under contract. If it is listed, then you should go through the agent. That's what the owner hired him for. If you want owner financing, put that in your offer. However, unless he is desperate/motivated, I would be surprised if he went for 100% financing.
If you are wanting to rehab, you may try a 203 loan, or hard money loan for short term.
What is your credit score?
What is the house worth? Is 189K a good deal?
Single family, 6.0 room Colonial
3 Bedrooms, 1 Full Bath
Gas, Steam heating
Detached Brick/Fram construction .
This property is worth 300.000 or 400.000,they are asking 189.000.I will find out if the owner will finance. I want to flip this property,not a www.keeper.I don't want to keep any houses. Thank s
I moved it to wholesaling
ok the property is worth 300-400k but you can get it for 189k ??? first 300-400k is a big spread and second how do you know it is worth that ? also what kind of work does it need ??
The house is in good condition needs no repairs ,and I don't know if I can get it for 189k,that's what they are asking for it,The price of the houses in that neighborhood done by a property analysis is 3ook -400k
Quote:
On 2004-11-10 09:24, JannahBin2 wrote:
and I don't know if I can get it for 189k,that's what they are asking for it,
What does that mean? Are they doing an auction type of sale?
I am sorry. They are selling this property for 189K .this is for sure..I didn't write that correctly. In that neighborhood property are going for 350k to 400k.What I meant to say was maybe since it was 189k perhap I could get the property for lower than the 189k.
Thanks
Quote:
On 2004-11-11 12:04, JannahBin2 wrote:
I am sorry. They are selling this property for 189K .this is for sure..I didn't write that correctly. In that neighborhood property are going for 350k to 400k.What I meant to say was maybe since it was 189k perhap I could get the property for lower than the 189k.
Thanks
Why is the owner asking only "189K' for a property in a neighborhood of "350k to 400k" buildings? Could it be that there is something (very) wrong with it?