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Updated over 7 years ago on . Most recent reply

User Stats

28
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4
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David Silva
  • Palmdale, CA
4
Votes |
28
Posts

Buying a property without an agent

David Silva
  • Palmdale, CA
Posted

Hey there guys, 

so i needed some help, 

i came to a good deal, i found a motivated seller that wants to sell his 3-1 house for 55k and it looks like it is worth about 91k according to zillow and realtor.com. He wants fast cash and i don't have the money. Since he wants to get this deal quick i'm assuming he may not want to get a realtor involved, how can i go about this transaction? I'm pretty sure i can come up with the money, either private money or hard money lender. 

what will be my steps? how can i get a contract and make sure the deal is without any problems. 

the goal for this property could be either hold or flip, 

the house looks in great condition from the pictures posted. 

please any feedback will be greatly appreciate it. 

Thanks 

Most Popular Reply

User Stats

6,408
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2,655
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Brent Coombs
  • Investor
  • Cleveland, OH
2,655
Votes |
6,408
Posts
Brent Coombs
  • Investor
  • Cleveland, OH
Replied

@David Silva, I see nothing but red flags all over this. eg. 1. "according to zillow.com"? 2. "I'm pretty sure i can come up with the money, either private money or hard money lender"? 3. "looks in great condition from the pictures posted"?

I also am at a loss to know where to start, but I'll give it a shot. 1. "Zestimates" are useless. 2. Better get those funds genuinely sourced BEFORE putting in Offers. 3. Go LOOK at it (with an experienced/trusted contractor), in PERSON! 

Now I've got that off my chest, I'll hand it over to others...

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