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Updated over 3 years ago,
What do you analyse before making an offer?
Hi, I'm about to make my first offer on a house.
What I have analyzed so far
(It will be an Airbnb type rental)
- cashflow (for sure)
- prices of comparable properties in the neighborhood
- amount of property tax
- amount of insurance
- amount of utility cost
- zoning
- location, neighborhood
- reading reviews of nearby airbnbs
- neighbour properties and their future plans
- rules for said property around STR
WHAT DO I MISS????
If I make an offer do I need to put money in escrow immediately? Or do I have some more time to investigate more in detail, just to confirm.