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Updated about 10 years ago,
Questions for a realtor from a first time buyer?
Hi all,
@Max O. and I have been looking for a multifamily property in the Wilmington, MA area for several weeks, but have found ourselves looking at a single family home tomorrow afternoon. The original plan was to live in one unit of a multifamily and rent out the others, but the prices in this area made that much more difficult. Instead, we found a small 2 bedroom single family house in Wilmington that we're considering buying and renovating. We are thinking that we would live there for a year or so to reduce our tax hit, so we aren't super concerned with turning a big profit right away. The idea is both to stop paying rent to someone else, and also to get experience in the real estate business.
Regarding our walk through tomorrow, what questions should we be asking the realtor/what issues should we keep an eye out for? The extent of our experience looking at properties was apartment hunting this summer, so any advice would be very much appreciated!
Thanks!