Pearland, TX · Member since 2016 · 4 posts · 1 vote
I found a property that I am very interested in, namely for a personal property but can be used as a short term rental as it is in a popular vacation destination.
It turns out the property is a flip and is listed at a fair market (but high) price. It has been on the market for over 200 days, and hasn't sold. When looking deeper into the county records, it shows that the property is owned by a Realty company, not an individual. It was bought and remodeled (presumably as a flip). It would be great to pick it up at a discounted price.
I was wondering if anyone has ever been in a situation like this, and either A) tried contacting the owner (company) direct to see if they are motivated to sell much cheaper or B) working through a realtor just make a much lower offer? Any advise on how to play the angle?
Any input is appreciated, and apologies if I misplaced this posting in the wrong forum.
Why has it been on the market for 200 days? Id start with that...its either overpriced or there is some issue that other interested parties have found and decided to pass on.
I personally don't like buying flips as investment properties......to many crap jobs, horrible workmanship etc etc....and the number rarely work
I would run my numbers and contact the seller....see whats the situation