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Updated almost 11 years ago,
Missed another deal. Advice?
In my area, deals are few and far, so its best to not miss any.
This is the last one that closed just last week.
Singly family house was on the market for $120k with nursing home getting proceeds from their patients home. I know the realtor personally and I said nice house, needs work, would they take 60? She told me no, it can't ever go that low due to the nursing home lien. I took her word for it, so i let it go.
8 months later, it closed for $40k with asking price of $120k still. I asked her what happened, I thought it couldn't go lower. She said, oh, it has a mold problem and the roof leaks. She sort of just shrugged it off when I asked why didn't she tell me about it ( I see here twice a month for other reasons). I would have paid 60+ easily.
I guess my question is, how do you keep yourself on the top of realtors "call" list when things get cheaper? She already knows I'm a cash buyer and never do any type of inspections or appraisals.
My only thought was to nonchalantly mention, "of btw, if you ever see a house drop into my price range, i'll throw and extra grand, or 5k under the table if we get it to close.
I dont' want to insult any realtors either......advice?